No consensus
For the first time ever, consensus eluded the GST Council meeting this week as it decided to tax lotteries at 28 per cent. State FMs also urged the government to let the fiscal deficit slip to 4 per cent.
Read more: GST Council fixes 28% uniform rate for lottery
Twist in the tale
In a bid to reduce borrowing costs and flatten out the yield curve, the RBI did its own version of Operation Twist last week, buying Rs 10,000 crore worth of long term g-secs and selling an equal amount of short-term g-secs.
Also read: RBI to buy, sell G-Secs worth ₹10,000 crore
Impeached
Donald Trump became the third US President in history to be impeached by the House of Representatives. But the move may be symbolic only, as the Senate is unlikely to vote him out.
Also read: Trump impeachment: What happens next?
Aye to Brexit
UK moved one step closer to Brexit with the British Parliament approving the Boris Johnson deal.
Read more: British PM Johnson wins Brexit deal vote
Heating up
Oil prices have been quietly climbing as everyone’s been focussed on trade wars and impeachments.
Also read: Oil prices surf near 3-month highs after US crude inventories fall
Pep talk
In a bid to get investments restarted, the PM assured companies and banks that no actions would be taken against genuine decisions.
Read more: PM to banks, India Inc: no inappropriate action on genuine commercial decisions
Tax tinkering
A consumption boost may be coming with government sources hitting at a personal income tax cut.
Also read: Budget likely to cut tax rates for individual taxpayers, say sources
Going retail
Retail loans will double in the next five years to Rs 96 lakh crore says an ICICI-Crisil study
Also read: Retail loans seen doubling to ₹96-lakh cr in 5 years
Passing the baton
Anand Mahindra is handing over the reins of M&M to Pawan Goenka come April 1.
Also read: Anand Mahindra to step down as Chairman of M&M from April 1 next
Compiled by Aarati Krishnan
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.