Plastic items, furniture may get cheaper as govt plans to cut GST rates on items in 28% slab

Plastic items, furniture may get cheaper as govt plans to cut GST rates on items in 28% slab

The GST Council may consider Friday reducing items in the 28% tax slab and slash rates for daily use items, plastic products and handmade furniture as it looks to provide relief to consumers. Four months after the Goods and Services...
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Small Business Owners Are Retiring & Why Millennials May Not Fill The Gap on America’s Main Street

Small Business Owners Are Retiring & Why Millennials May Not Fill The Gap on America’s Main Street

A local hardware store in Worcester, Massachusetts recently announced that it was going out of business. This wouldn’t be big news, except Elwood Adams Hardware has been around since the Articles of Confederation. Dating back to 1782, it is (or...
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India may produce surplus power this fiscal: Fitch Ratings

India may produce surplus power this fiscal: Fitch Ratings

Subdued demand growth, consistent capacity additions and better networks may result in India producing surplus power in the current fiscal, although sporadic outages continue and 24 per cent households are yet to be electrified, according to the latest report ...
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GST Council may examine lowering tax slab for govt projects: K Chandrasekhar Rao

GST Council may examine lowering tax slab for govt projects: K Chandrasekhar Rao

Finance minister Arun Jaitley has assured the Telangana government that the GST Council would discuss the issue of lowering tax structure on public projects as requested by the state. According to an official release from the chief minister K Chandrasekhar...
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Finance ministry may provide capital support for merger of PSU banks

Finance ministry may provide capital support for merger of PSU banks

The finance ministry is open to providing capital support for facilitating consolidation among state-owned banks, which are reeling under mounting bad loans, official sources said. The Union cabinet has approved the setting up of an alternative mechanism, or a...
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Infosys to cast wide net in CEO search, may go back to ‘alumni’

Infosys to cast wide net in CEO search, may go back to ‘alumni’

Former Infoscions may well have a shot at clinching the top job as Infosys CEO, with the company looking at “alumni” along with internal and external candidates in its global search for the lead role. Within hours of taking charge...
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