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,...

Govt likely to achieve 3.2% fiscal deficit target: Report

The government is likely to achieve the fiscal deficit target of 3.2 per cent of GDP for the first time in about seven years, but may cut its capital expenses by Rs 70,000 crore to meet the goal, said a report by SBI Research. "We estimate that the government may cut about Rs 70,000 crore from the capital expenditure," the report said

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.