Tuesday, October 23, 2018
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Powell doctrine: on raising interest rates

U.S. Federal Reserve Chairman Jerome Powell’s speech last week at the conference for central bankers in Jackson Hole, Wyoming was a strong defence of the current gradual approach to raising interest rates. With the American economy growing at a strong pace, inflation being close to the Fed’s 2% target and unemployment at a 20-year low,…

Over 50 products cheaper as GST Council slashes rates

The Goods and Services Tax Council, at its 28th meeting on Saturday, reduced the rates on more than 50 products, including sanitary pads, small televisions, washing machines, and refrigerators. The council also simplified the return filing process for small businesses. While GST on sanitary pads was cut from 12% to zero, rakhis were exempted from…