GST to hit GSK Consumer’s global growth

GST to hit GSK Consumer’s global growth UK healthcare company GlaxoSmithKline Consumer’s growth globally could ease in 2018 due to the impact of India’s Goods & Services Tax, the pruning of its product offerings and competitive pressure. “In 2018, we continue to expect low single-digit growth from consumer after factoring in the impact of tail […]

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Banks opposed to changes in MCLR calculation: Reserve Bank of India

Banks opposed to changes in MCLR calculation: Reserve Bank of India The banks proposed, that more “ideal benchmark could be constructed based on deposit rates of the banking system as a whole” Banks are opposed to the move to link marginal cost-based lending rate (MCLR) to an external, market-linked benchmark, the Reserve Bank of India […]

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Government measures to ensure MSMEs become growth engine: DFS secretary

Government measures to ensure MSMEs become growth engine: DFS secretary A slew of recent measures, including tax concessions in the budget, for micro, small and medium enterprises (MSMEs) has been taken with an aim to transform such enterprises worth Rs 6.33 crore into a growth engine for ‘new India’, a senior government official has said. […]

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