Inflation is likely to increase for the coming months

Policy changes and rising prices of crude oil and certain raw materials are likely to push up consumer prices next month. Prices of ACs, fridge, washing machine, air fare,...

Bank recapitalisation plan to push GDP growth to 7% in FY19: Report

Recapitalisation plan for public sector banks to increase credit growth to 15 per cent and GDP numbers to 7 per cent in the next fiscal, says a report. "We expect 15 per cent EPS growth for Sensex target of 32,300 " it added. Growth at banking system was estimated to be 8 per cent in 2018-19.Credit system is expected to grow to 12-15 per cent during the time period under review.

Only 62 items likely to stay in 28% GST slab

 About three-fourth items in the highest tax slab may move to lower brackets. As many as 165 such items could be moved to the 18 percent category, with only 62 attracting the highest rate. Those retained in the highest category could include digital cameras, shaving creams, paints and varnishes, cigars, pan masala, chocolates, cosmetics, vacuum cleaners, refrigerators, washing machines, hair conditioning items, hair dyes, marble and granite.