Economic Growth Set To Break 5-Quarter Slide, GDP Data Today: 10 Points

Economists are expecting July-September quarter GDP or gross domestic product growth to rebound above 6 per cent, from three-year lows of 5.7 per cent in the June quarter. Economists polled by Reuters predicted the economy to grow at 6.4 per cent in the September quarter. A Bloomberg survey of economists also estimated India's GDP to expand at 6.4 per cent. GDP growth...

A unique rally in poll-bound Gujarat saw Congress workers dressed as characters from the iconic Bollywood film 'Sholay' protest the Goods and Services Tax or GST. Congress Vice President Rahul Gandhi, while campaigning in Gujarat last month, had dubbed the GST 'Gabbar Singh Tax,' referring to the villain from the 1975 blockbuster Hindi film.

Prime Minister Narendra Modi today delivered his rebuttal to Congress vice-president Rahul Gandhi's frequent branding of new national tax GST as the "Gabbar Singh Tax," saying those who looted the country can only think of dacoits.

Government asks exporters to file claims in proper form with matching shipping bills to facilitate early settlements.

Attacking Congress vice president Rahul Gandhi for calling GST 'Gabbar Singh Tax', Prime Minister Narendra Modi said here today that those who looted the country could only think of dacoits.

The government on Monday appointed former Planning Commission Member NK Singh as chairman of 15th Finance Commission, which among other things will look into impact of GST on finances of the Centre and states, said a notification.

The total collection of GST till November 27 is Rs 83,346 crore for October and 50.1 lakh returns have been filed for the month, a finance ministry statement said.

Four months after India's biggest tax overhaul, traders are still waiting for Rs 50,000 crore ($7.7 billion) they say the government owes them in refunds, leaving them short of operating capital as overseas sales suffer.

Reforms such as GST, Insolvency and Bankruptcy Code, Direct Benefit Transfer are major initiatives, Niti Aayog Vice Chairman Rajiv Kumar said.

The hour-long session on GST will be organized on both days of the weekend between 4 pm to 5 pm. The venue is hall number 18 of Pragati Maidan in New Delhi.

Going forward the 12% and 18% GST slabs may probably be merged, Arvind Subramanian said.

Delhi Chief Minister Arvind Kejriwal on Friday claimed that "2019 will be PM Modi versus the people". Mr Kejriwal, speaking to NDTV, said that the twin reforms of demonetisation and the new national sales tax GST has crushed the livelihood and hopes of small traders everywhere

Standard & Poor's sticks with its "BBB-minus" sovereign rating and "stable" outlook for India, citing low income levels, high debt and weaker government finances.

Xiaomi has announced some attractive price drops on its select Mi accessories as a result of the GST implementation in India.