ECONOMIC UPDATE

 



  • GDP growth rate of India comes up to -7.7% as compared to -9% projected last time.  

 

  • Indian retail inflation reached to 6.93% in November

 

  • The GST Network has launched a facility of communication within taxpayers where a buyer (recipient) can ask the seller(supplier) to upload the invoice on the portal if it is not uploaded to avail input tax credit (ITC) or any other queries can be discussed.

 

  • Banking sector: Bank of Maharashtra raised over 200 crore through (Basel III-compliant bond) Bonds.

  • Stocks: Burger king IPO bounced by 131% on a very first day

 









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