Toyota Baleno, ITC, Infosys to Fiscal deficit target, here are top business highlights
A number of top happenings in the business sphere on Sunday hit the headlines on Sunday and the top one among these were that a fiscal deficit of 3.3% would be a challenge for the Centre amid low GST collection, the market cap of top-10 most valued firms added up to Rs 43,689 cr and more. Here are the highlights here:
FISCAL DEFICIT
3.3% fiscal deficit target for 2018-19 likely to be breached, say experts New Delhi: Meeting the fiscal deficit target of 3.3 per cent of GDP for the current fiscal could be a challenge for the government, given the shortfall in GST collections, rising expenditure and slowing factory output, say experts. (Reuters)
STOCKS-MCAP
FPI-OUTFLOW
DISINVESTMENT-SUUTI
TOYOTA
RBI-DOLLAR
GST-COMPOSITION-CONSUMER
FinMin considers steps to prevent composition dealers from charging GST from buyers New Delhi: In a consumer-friendly measure, the revenue department is planning to make it mandatory for composition dealers and service providers to declare their GST registration status in invoices to ensure that they do not charge any tax from buyers. (IANS)
NCLT-PARSVNATH
NCLT admits insolvency plea against Parsvnath Landmark Developers, appoints RP New Delhi: The National Company Law Tribunal (NCLT) has given its approval to start the insolvency proceedings against realty firm Parsvnath Developers' subsidiary, which is developing a housing project in the national capital. (PTI)
COMPANIES LAW-ORDINANCE
HOUSING
Housing sales up 7% in 2018 in 9 major cities; new supply falls 22%: Report New Delhi: Increased demand for flats that are ready to move in or nearing completion helped housing sales to rise by 7 per cent during 2018 to nearly 2.15 lakh units across nine major cities, according to data analytic firm PropEquity. (Pixabay)