Attributing the recent rise in fuel prices to a hurricane in the US, Union minister Dharmendra Pradhan today said the rates will come down in the next few days."Fuel prices have gone up recently due to the hurricane in the US. As the prices reduce in the international market, they will come down here also," the Petroleum and Natural Gas Minister told reporters here.The … [Read more...] about Fuel prices will come down soon: Pradhan
GST
FinMin dispels concerns over high GST transition credit
The finance ministry today sought to dispel concerns about Rs 65,000 crore transitional credit claims saying that the Centre's revenue kitty will not go down because of these claims.Over 46 lakh businesses have paid taxes to the tune of Rs 95,000 crore in July.However, businesses also claimed credit for past taxes paid in the form of excise and service tax worth Rs … [Read more...] about FinMin dispels concerns over high GST transition credit
With RBI Cutting Repo Rate, Fence Sitters Should Step Forward and Make Their Home Buy Decision
The aspect of Inflation being under control; and at an all-time low at 1.54 per cent, logically, would support the aspect of it being the right time to lower interest rates. Given macro-economic data which showed inflation at a record low; as also factoring in the impact of the fall in factory output, the Reserve Bank of India (RBI) reduced the short-term lending rate (repo … [Read more...] about With RBI Cutting Repo Rate, Fence Sitters Should Step Forward and Make Their Home Buy Decision