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Indian economy

RBI keeps ‘Repo rate’ unchanged at 6 per cent

KalingaTV News Network Mumbai: The Reserve Bank of India (RBI) has kept the short-term lending rate, also known as repo rate, unchanged at 6 per cent in its fifth bi-monthly monetary policy review for the year 2017-18 today. The…

India can become a $10 trillion economy by 2030: Mukesh Ambani

KalingaTV News Network New Delhi: The richest Indian and Chairman of Reliance Industries Mukesh Ambani said India’s GDP will grow from $2.5 trillion to $10 trillion by 2030. “Today, India’s GDP is about $2.5 trillion and ranks at No.…

GST on mass consumption items reduced to 18%

KalingaTV News Network Guwahati: The GST Council on Friday slashed tax rate on a wide range of mass use items from chewing gums to detergents to 18 per cent from current 28 per cent. "Only 50 items of luxury goods to face 28% rate,"…

Direct tax collection rises 15% in April-October 2017

KalingaTV News Network New Delhi: The government has collected Rs. 4.39 lakh crore in direct taxes, showing 15.2 per cent higher than the net collections on year-on-year, during the first seven months of the current fiscal. The…

GST Council reduces tax rates on 27 items

KalingaTV News Network New Delhi: In a major relief to the common man, small and medium traders and exporters, the GST Council on Friday reduced tax rates on 27 items and allowed small traders to file their returns on a quarterly basis.…

Indian economy on right track: PM

KalingaTV News Network New Delhi: Prime Minister Narendra Modi has slammed his government’s critics and assured the country that the Indian economy is on the right track and the country's financial stability will be maintained.…

Tourism can help eradicate poverty: President

KalingaTV News Network New Delhi : President Ram Nath Kovind said that greater tourism opportunities can help the country eradicate poverty and generate better employment opportunities, while speaking at a programme to mark the World…

RBI launches new Rs 200 notes

KalingaTV News Network Mumbai:  In a first of its kind, the Reserve Bank of India (RBI) on Friday launched the new 200 rupee denomination banknotes, bearing signature of the Governor Dr. Urjit R. Patel. The note was issued from select…