India can grow 8% for next two decades, needs to unleash next set of reforms to achieve potential, says UN
The UN said 2017 has been a year of major economic reforms in India, particularly in the banking sector.
Finance Minister Pranab Mukherjee announced that 38 services including public services such as libraries, public toilets and entities who provide merger and acquisition services will be exempted from the 12 percent service tax.
Banking major HSBC has lowered India's GDP forecast to 6.3 percent from the previous forecast of 7.5 percent on administrative hurdles and policy paralysis.
It's been a bad time for our Monkeys, and the broker portfolio has come out tops.
Continued interest rate hikes to curb high inflation and regular revisions in inflation projections, particularly since the latter has become a permanent fixture over the past year, are particularly worrying.