Factbox: India's complex Goods and Services Tax
NEW DELHI India is launching a new national Goods and Services Tax (GST) on July 1 that will unify its $2 trillion economy and 1.3 billion people into a single market for the first time.
MUMBAI The RBI is expected to issue new bank licence guidelines "very soon", deputy governor Anand Sinha said on Friday.
The Reserve Bank of India will arrive at a mutual decision on banking licence rules with the finance ministry, and consultations with the ministry are nearing an end, he said.
Sinha added that there were risks in giving licences to corporates. He was speaking on the sidelines of an event on Basel III.
(Reporting by Neha Dasgupta; Editing by Jijo Jacob)
DALIAN, China Pakistan faces some challenges in steering an ambitious plan to build an economic corridor with China despite the economic benefits for the country, Planning Minister Ahsan Iqbal said on Wednesday.