Key macro triggers for D-Street on Wednesday

India Infoline News Service | Mumbai | June 28, 2017 08:38 IST

Here is a list of some of the key macro triggers that you need to know before hitting D-Street on Wednesday.

Business People
Here is a list of some of the key macro triggers that you need to know before hitting D-Street on Wednesday:
 
India-US Ties: Prime Minister Narendra Modi and President Donald Trump have agreed to strengthen the Indo-US economic partnership in a way that results in a win-win for the two major economies, while cordially working on resolving differences.
 
Natural Gas May Be Included in GST: The GST Council may decide to include natural gas in the Goods and Services Tax (GST) regime as a measure to provide some relief to the oil and gas sector. Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in on July 1.
 
Fewer Mobiles: Handset makers have cut local production by 10-15% this month to avoid oversupply when the goods and service tax (GST) kicks in on July 1, even as distributors are refraining from stocking up for want of adequate clarity on the impact of the new tax regime.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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