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Business in the week ahead (August 31-September 4, 2020)

First things first. All eyes are glued to the June quarter GDP data release set for early next week that will tell us broadly which way the economy is moving. There is a host of other key macro data, including PMIs, both India and abroad, that will come in handy for investors

August 28, 2020 / 05:57 PM IST
Business in the week ahead (August 31-September 4, 2020)

It’s time for a reality check. GST collections are bleeding as they have taken a hard knock from the pandemic and subsequent lockdowns. The resulting shortfall has posed a tough problem for the Centre to solve as the compensation to states has been hanging fire since April. The 5-hour long GST Council meeting, chaired by FM Nirmala Sitharaman, saw various suggestions being put forth to fix the problem. As a way out, the centre has given the states two options to choose from, within 7...

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