Oct 20, 2016 at 15:00 | Source: Moneycontrol.com
The GST Council has proposed a four-tier GST structure starting from 6 percent, two standard rates at 12 and 18 percent and the highest one at 26 percent with a further cess for luxury and demerit goods like tobacco and aerated drinks.
Oct 20, 2016 at 13:20 | Source: Reuters
Keeping interest rates and an 80-billion-euro per month bond buying programme unchanged, ECB President Mario Draghi will likely emphasize the continued need for monetary stimulus, reinforcing expectations for an extension of the ECB's asset buys beyond its scheduled end next March.
Oct 19, 2016 at 22:02 | Source: PTI
Detroit, Oct 19 (AP) Fiat Chrysler is recalling more than224,000 Jeep Wrangler SUVs worldwide because the air bags maynot inflate in a crash.
Oct 19, 2016 at 16:38 | Source: PTI
In spite of the upside risk to 5per cent inflation target by next March that the Reserve Banksees, there is space for rate cuts with another 25 basispoints cut likely this fiscal, says a report.
Oct 19, 2016 at 15:48 | Source: Moneycontrol.com
According to Achiievers Equities,Silver gains as disappointing U.S. inflation data was seen as easing pressure on the Federal Reserve to tighten monetary policy, weighing on dollar.
Oct 18, 2016 at 18:13 | Source: Moneycontrol.com
The six-member panel, which brainstormed over two days, unanimously agreed that inflation was unlikely to gallop past the tolerance threshold of 6 percent in the next few months.
Oct 18, 2016 at 15:27 | Source: Reuters
Annual consumer price inflation rose to 1.0 percent from 0.6 percent in August, the highest level since November 2014 and the biggest jump from one month to the next since June 2014, the Office for National Statistics said.
Oct 18, 2016 at 14:32 | Source: CNBC
Investor caution continues to mount as election day approaches in the US This as comments from Federal Reserve Vice Chair Stanley Fischer on Monday suggested the US central bank was "very close" to meeting its employment and inflation goals, sending US stocks lower into Monday's session close.
Oct 18, 2016 at 11:55 | Source: Reuters
New RBI Governor Urjit Patel and his six-member Monetary Policy Committee used the same rationale for their surprise 25 basis point (bps) cut to 6.25 percent earlier this month, the lowest since November 2010.
Oct 17, 2016 at 15:12 | Source: PTI
According to the Japanese financial services major, despite adverse base effects the Wholesale Price Index-based inflation is set to moderate further on account of lower food prices and still weak pricing power of firms.