The GST Council decided to defer the increase in the rate for textiles to 12% from 5%. It has referred the matter to a panel of Ministers, to review Rate Rationalisation.
NITI Aayog has released a report titled 'Banking on Electric Vehicles in India', which outlines the need and importance of inclusion of Electric Vehicles in RBIs priority-sector lending guidelines.
Ratings and research firm Icra has estimated that India's economy will grow at 9% in FY22 and FY23 amid the uncertainty triggered by the Omicron variant of Covid-19.
EXAMIANS