12
Tuesday
December 2017
7:35 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
Achieving 10pc growth rate is challenging: Jaitley
 
(New Delhi, Nov 30, 2017): Finance Minister Arun Jaitley today said achieving a 10 per cent GDP growth rate is challenging and will depend on how the world is moving.

Speaking at the HT Leadership Summit here, he said India has done well by growing at 7-8 per cent during the last three years.

To scale to 10 per cent rate is "very challenging" and it will not depend on domestic factors only but on how the world is moving, he said.

On reforms, he said India has structurally reformed and there is no finishing line in reforms.

Jaitley said the Goods and Services Tax (GST) started with different tax rates and they have rationalised rates on many items.

Going forward, future rationalisation of rates would depend on revenue collections, he said, indicating the merger of 12 per cent and 18 per cent rates into one while keeping a "thin" line of luxury and demerit items in the top 28 per cent band.

Currently, the GST has four rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent.

The finance minister said a cogent GST mechanism has been developed and no country in the world has 5 per cent tax rate.(PTI)


Stocks start with caution, macro data ahead
Govt in talks with Singapore for cruise connectivity: Gadkari
Sensex zooms 195 pts on strong global cues
Bitcoin drops after dramatic gains ahead of futures launch
Market takes a poll position, Sensex surges 301 pts
'Exports from Rajasthan to increase three-fold by 2022'
Ensure job creation with focus on rural unemployed: Mukherjee
China Development Bank Files Insolvency Plea Against Reliance Telecom
Sensex down 100 pts as RBI policy decision looms
Sensex ends lower ahead of RBI policy call
Sensex recovers 140 pts on positive GDP data
US dollar ends higher against rupee
Fiscal deficit crosses 96% of FY18 target at Oct-end
Gold slumps Rs 120 on lacklustre demand, global cues
Sensex gains 68 pts in early trade on global cues
Bitcoin hits new record high of $9,687, up almost 20% since Friday
Reliance resumes JioPhone sale, starts round 2 of phone war
Sensex drops 107 pts as S&P keeps sovereign rating unchanged
No proposal to withdraw cheque book facility: FinMin
RBI relaxes 26% debt-equity conversion cap for ARCs
KERALA NEWS
Dead pigs brought for sale in Vaikom
 (Kottayam, Dec 12, 2017, DG): Locals seized dead pigs which were brought for sale from Tamil  
Cyclone Ockhi: 2 more dead bodies found
Committed no crime, want another investigation: Ameerul
Pope enquires about victims of Ockhi cyclone
INTERNATIONAL NEWS
NY attack: Trump says urgent need to fix 'lax' immigration
 (Washington, Dec 12, 2017): US President Donald Trump has asked Congress to end the "chain m
Putin, on visit, orders Russian forces to start pulling out of Syria
Netanyahu says he expects Europe to follow US on Jerusalem
Mallya's defence questions impartiality of Indian judicial
NATIONAL NEWS
Man arrested for trying to climb Buckingham Palace wall
 (London, Dec 12, 2017): London police said today they have arrested a man for allegedly tryin
Violence is not the way: Aamir on 'Padmavati'
Rahul slams PM Modi for attacking Manmohan Singh
Didn't instruct lawyer to use bad word agnst Jaitley: CM to HC
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.