India's Export Hub Dream Needs New Reforms: Gita Gopinath

About regulatory issues in the country, Ms Gopinath said that regulatory uncertainty in India is one of the reasons for the ongoing economic slowdown.

An array of developments, ranging from GST and demonetisation to corporate tax rate cut and banking reforms, has transformed the economic landscape of the country.

India is among the top 10 nations which have in last three years made the maximum improvement in ease of doing business ranking, PM Modi said.

Briefing reporters after the meeting of the Council, Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020.

GST Council decided to exempt long term lease on industrial plots to facilitate setting up of industrial parks.

This is the first time since the launch of the new overarching indirect tax that the Council has taken a decision through the voting route.

The Maharashtra government has asked the Centre to extend help to the tune of Rs 14,000 crore for all damages caused by natural calamities in the state, Finance Minister Jayant Patil said on Wednesday.

Gains in steel and select banking stocks pushed the markets higher. Analysts awaited the outcome of a key meeting of the GST Council due later in the day for domestic cues.

Domestic stock markets are maintaining their momentum this afternoon ahead of the GST Council meeting. Continuing to trade near all-time highs at 3.00pm, the S&P BSE Sensex index rose as much as 174. 11 to touch 41,526.91 and broader NSE Nifty benchmark was at 12,213, up 34.05 points from the previous close. Gains in steel and select bankng stocks pushed the markets h...

Infosys shares will be in focus on Wednesday, afterCalifornia Attorney General Xavier Becerra said the companywill pay the state $800,000 (nearly Rs 56 crore) to resolve allegations of misclassification of foreign workers and tax fraud. The Sensex had ended 413.45 points - or 1.01 per cent - higher at 41,352.17 and the broader Nifty settled at 12,165.00, up 111.05 poi...

In the meeting, the GST target was set at Rs 1.10 lakh crore every month between December 2019 and March 2020. Of these four months, Rs 1.25 lakh collections have to be achieved in at least one month, the sources said. Gross GST collections, which include the share of both Centre and the states, crossed Rs 1 lakh crore mark in four out of the eight months of the cu...

The GST Council, chaired by Finance Minister Nirmala Sitharaman, is due to meet on Wednesday. Economists, analysts, corporates and market participants will look out for any major announcements on GST rates after the conclusion of the 38th meeting of the top decision-making body of the indirect tax regime. Ever since the roll-out of the GST or goods and services tax in...

GST Council Meeting: The GST Council, the highest decision-making body of the indirect tax regime, is slated to hold its meeting on December 18.

The Shiv Sena on Saturday warned that if the government fails to pay the Goods and Services Tax (GST) compensation, it could trigger a confrontation between states and the centre. The Sena said the centre's policies were responsible for the "economic anarchy" in the country.