Dimon said that India's world beating economic growth as well as critical reforms such as GST and the first step in bank mergers are advantages that far outweigh fears arising out of macroeconomic imbalances and a sliding currency

Despite steps such as withdrawing withholding tax on Masala bonds, allow some breathing space to foreign portfolio investors, and check non-essential imports and promote exports in order to arrest the decline in rupee, the local currency fell over 50 paise below the 72 level per dollar mark in trade today.

Across Maharashtra, petrol prices have breached the mark of Rs 88 per litre, while diesel is around Rs 76 per litre, as mentioned by AIPDA.

Twenty-one Opposition parties led by the Congress are holding a nation-wide 'Bharat Bandh' today to protest against skyrocketing fuel prices. The normal life was thrown out of gear as protestors blocked roads and highways.

The key takeaway - the pickup in growth, without demand-pull inflationary pressure in the economy, supports our thesis that reforms have lifted India's potential growth, and activity ahead is likely to remain non-inflationary, writes Abhishek Gupta.

Fadnavis added that if the opposition is so concerned about the high fuel prices, it should announce in the states ruled by the Congress or their alliance partners that there would be no tax on petrol and diesel.

Vehicles using electricity or ethanol, biodiesel, CNG, methanol and biofuel need not apply for permits, said Union Road Transport Minister Nitin Gadkari.

A survey found that a fifth of 63 million small businesses faced a 20 per cent fall in profits since the GST rollout, and had to sack hundreds of thousands of workers.

The total number of GSTR-3B filed for the month of July up to August 31, 2018, is 67 lakh. This is slightly higher than 66 lakh returns of the month of June filed up to July 31, 2018.

Indian rupee today dived to a new all-time low of 70.52 against the US dollar. The fall in its value comes on the back of strong US consumer confidence data.

The Ministry of Railways has been gradually changing the face of Indian trains.

With RERA having standardised the definition of carpet area, it is easy for buyers to compare developers and see what they are getting in terms of internal area, says Ashish Puravankara, Managing Director at Puravankara Projects Limited.

The GST Council had announced substantial GST rate cuts effective from July 27, 2018; including 28-18 per cent on consumer durables, domestic electrical appliances, televisions, storage water heaters, paints and varnishes, scent sprays, etc. and 12 per cent to nil on sanitary napkins

The first quarter results have been fairly robust. A revival seems round the corner.

In November 2017, the GST Council had cut tax rates for all restaurants, except the ones located within hotels with room tariffs of Rs 7,500 and above, to 5 per cent.

Finance Minister Piyush Goyal on Thursday said the capacity to slash the GST rates on more items would go up as Goods and Services Tax (GST) revenues and the compliance rate increases and the economy formalises.

Whatever be the source of tax - whether an MNC, a local homegrown company or an individual, the pivot for any successful tax compliance and collection is ensuring a sound set of data and an insight into the taxpayers' journey.

Another round of Goods and Services Tax (GST) rate cuts have been effected by the governing body GST Council, which met recently in Delhi for the 28th time.

Green shoots emerge for residential real estate, but it isn't out of the woods.

The GST Council on Saturday cleared a proposal to offer cash backs to consumers on trial basis for digital payments through Rupay cards, BHIM app and UPI system to promote cashless transactions in rural and semi-urban areas.