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GSTN to be converted into a fully govt-owned company in 3-4 months: CEO The GST Council had decided to convert it into a fully govt-owned company in May, 2018 Current Affairs :The change of Goods and Services Tax Network (GSTN) into a completely government-possessed association from a non-government, private restricted organization, is relied upon to be finished in next three to four months. A few States have just finished buying of offers from the current non-government investors, and the organization is reminding different States to finish the procedure immediately, said Prakash Kumar, CEO of GSTN. “Very nearly two-third of the states has just purchased the offers from the Banks. We expect the staying 33% will likewise purchase the offers rapidly, we are reminding them always ,” said Kumar. “When that is done, there are a few stages, for example, returning to the Ministry of Corporate Affairs for endorsement and later to the Board endorsement, following which it will b...

Inflation at 18-month low, gives RBI room to ease monetary policy The consumer food price index contracted 2.51% in December; in November, it had contracted 2.61% Finance  :  Inflation  rates, both discount and retail, fell in December a year ago, as indicated by the administration information discharged on Monday. This, thusly, might provoke the  Reserve Bank of India  (RBI)  Monetary Policy Committee  (MPC) to change its position from aligned fixing to nonpartisan in its audit one month from now. The retail  Inflation  rate declined to a 18-month low of 2.19 percent. The discount Inflation  rate likewise boiled down to 3.8 percent, the most reduced in eight months. Falling fuel and sustenance costs made expansion fall, as per the information. The center retail swelling rate contacted a nine-month low of 5.6 percent. “In the following MPC meet, the position could be modified to impartial,” said Madan Sabnavis, boss f...