New Delhi: A recent study by the State Bank of India (SBI) has recommended that the Reserve Bank of India (RBI) consider a 25 basis points (bps) reduction in the key benchmark lending rate in its forthcoming monetary policy. The recommendation comes amid expectations of continued benign retail inflation into the next financial year. Since...
Industry leaders in India’s electronics and home appliance sector have welcomed the recent GST rationalisation, describing it as a landmark reform that will simplify taxation, enhance disposable incomes, and revive consumer demand. The government has reduced GST on key home appliances, including air conditioners, large-screen televisions, dishwashers, refrigerators, washing machines, vacuum cleaners, microwave ovens, and...