GST Council Meet: GST exemption limit increased from Rs 20 lakhs to Rs 40 lakhsThe GST Council relaxed tax exemption limit to Rs 40 lakh from the earlier cap of Rs 20 lakh during its 32nd meeting on Thursday. The all-powerful panel also decided to extend the composition scheme to traders from informal sector rendering services or mixed supplies with a turnover up to Rs 50 lakh. The exemption limit for small states has also been increased to Rs 20 lakh from Rs 10 lakh.World Bank's global repor...

A slowdown is in the pipeline and a weaker fiscal profile does not augur well as India faces speed bumps at home and abroad.

India will grow at around 7.8 per cent in the next calendar year and investment cycle that has already started picking up will gather further strength and we will see more private investments, said Niti Vice Chairman Rajiv Kumar.

The HUL stock rose up to Rs 1.15% to Rs 1,811.90 against the previous close of 1791.15  on the BSE. The stock has gained 32.85% during the last one year and risen 31.53% since the beginning of this year.

According to HUL, National Anti Profiteering Authority made a narrow interpretation of the law and did not take into account well established industry practice backed by law.