A quick guide to India GST rates in 2017 – The Economic Times

The government has kept a large number of items under 18% tax slab. 1,211 items have been categorised under various tax slabs. Here is a low-down.

Source: A quick guide to India GST rates in 2017 – The Economic Times

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RBI redefines what constitutes a bank branch

RBI came out with final guidelines on branch authorisation, with a refined definition on what constitutes a bank branch and liberalised policies on presence in tier-I centres

Source: RBI redefines what constitutes a bank branch

 

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GST rates finalised: Food grains to get cheaper; sugar, tea, edible oils will be taxed at 5%

India has finalised the tax rates on all but six out of the 1,211 items in the proposed GST (Goods and Services Tax) regime, fitting over 80% of the items in the up to 18% tax slabs, effectively making food grains cheaper, while exempting essential items such as cereals and milk from the levy altogether.

Source: GST rates finalised: Food grains to get cheaper; sugar, tea, edible oils will be taxed at 5%

 

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IOB, IDBI, BoI & UBI may be first in line of RBI fire under new PCA

The revised PCA, released last week by the Reserve Bank invests a lot of powers on the regulator to supersede the troubled banks.

Source: IOB, IDBI, BoI & UBI may be first in line of RBI fire under new PCA

 

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NEFT: RBI to introduce 11 new settlement batches from 10 July – Livemint

The RBI said an additional 11 NEFT settlement batches at half- hourly intervals will be introduced from 10 July, beginning from 8.30 am till 6.30 pm, for transfer of funds

Source: NEFT: RBI to introduce 11 new settlement batches from 10 July – Livemint

Why India should tax agricultural income – Livemint

The political establishment must move beyond a reflexive rejection of the very concept of agricultural tax

Source: Why India should tax agricultural income – Livemint