Parliament Watch: Rupee hit, GST recast losses, NPA study loans, ratings improvement
The Indian Rupee faces depreciation due to trade deficit and US trade agreement developments. GST rate rationalisation is expected to cause a ₹47,700 crore loss but improve compliance. Over 489 fraudulent GST registrations have been detected this fiscal. Handmade shawls will now attract a 5% GST rate regardless of price. Education loan NPAs for public sector banks have significantly reduced.
The Indian Rupee faces depreciation due to trade deficit and US trade agreement developments. GST rate rationalisation is expected to cause a ₹47,700 crore loss but improve compliance. Over 489 fraudulent GST registrations have been detected this fiscal. Handmade shawls will now attract a 5% GST rate regardless of price. Education loan NPAs for public sector banks have significantly reduced.
