In its 28th meeting, the GST Council rationalised tax rates on consumer electronics among other items, while exempting sanitary napkins and small handicraft items from the ambit of the unified indirect tax regime.

HDFC Bank saw its net profit grow by 18.2 per cent year-on-year to Rs 4,601.44 crore in the first quarter of the ongoing financial year, meeting expectations. Asset quality saw marginal changes with Gross NPA ratio at 1.3 per cent.

Rahul Gandhi while speaking in the Parliament during no-confidence motion had said that the Congress wanted to bring petrol and diesel under a single-rate GST. Currently, crude oil, natural gas, diesel, petrol and aviation turbine fuel are out of the new taxation system.

The introduction of the new Rs 100 notes comes at a time when the industry still has not completed the recalibration of all ATMs to dispense the newly introduced Rs 200 notes.

In its report for year ending March 2017, the CAG has found that the flexi-fare system in premium trains led to increase in passenger earnings but the number of travellers during September 9, 2016 to July 31, 2017 came down by over six lakhs when compared to the corresponding period in 2015-2016.