GST rates have been cut on a total 29 goods and 53 categories

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GST rates have been cut on a total 29 goods and 53 categories of services and also propose to make the system of filing returns simpler to make the filing process more seamless. The GST Council has been struggling with falling GST revenues for quite some...

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Bitcoin fell below the psychological mark

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Direct taxes collections have already jumped by 18.7% in this fiscal till middle of January 2018 compared to the corresponding period last year. Direct collections have already crossed 70% of the full year target of Rs.980,000 crore. This is after giving...

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Delivery Pick Newsletter of Jan 17, 2018

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Market Outlook: The Nifty climbed to the anticipated range between 10700 and 11000 where it was supposed to (from a technical point of view) face a lot of supply pressure. It is just happening that way—it is quite unlikely that unless the market gets...

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Midnight News Update – Jan 16th 2018

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The wholesale price index (WPI) inflation for the month of December eased to a 3-month low of 3.58% largely on the back of decline in food prices. WPI inflation is largely driven by supply side factors and the poor prices that farmers are getting are...

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FPI investments in equity remained tepid on valuation concerns

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The year 2017 saw a deluge of debt flows from FPIs. Nearly Rs.150,000 crore flowed into Indian debt in the full year even as FPI investments in equity remained tepid on valuation concerns. High yields and a signal from the RBI of a likely end of the rate...

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Metal Prices

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What exactly is driving this frenetic rally in metal prices… The meltdown in metal prices began around 2012 and metal prices globally were on a downtrend ever since. However, after bottoming out around late 2016, metal prices have almost recovered...

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Macro Greenshoots

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Are we finally seeing signs of a recovery in the economy? Indian macro data flows have been mixed in the last few months. At times growth has faltered and at times inflation has been under control. Overall, it has been very difficult to judge which...

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Fiscal Deficit

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Are we really worrying too much about it? One of the big stories during the week was the fiscal deficit touching 112% of the full fiscal year target by the end of November itself. It is already being estimated that the fiscal deficit for the full fiscal...

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