Indian cos raise around Rs 240 bn by issuing NCDs and other top economy news of the day

India Infoline News Service | Mumbai | October 18, 2016 08:43 IST

Check out the most important news stories which captured the headlines at the economy level in India and internationally.

Economic News
Indian companies have raised close to Rs240bn by issuing non-convertible debentures (NCDs) in the first half of the current fiscal to meet their business needs. (BS)
The crucial three-day meeting of the all-powerful GST Council, will decide on the tax rate and sort out issues like compensation formula for rollout of the new indirect tax regime from April 1, 2017. (BL)
The Centre is likely to propose a four tier-tax structure under the goods and service tax (GST) with a peak slab of 26%. Almost a fourth of all taxable goods, including those consumed by the middle class, may come under the peak rate. (BS)



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