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Reserve Bank of India governor Shaktikanta Das mentioned rates of interest will keep excessive, without providing any indication of when softening may start. Monetary coverage should stay “actively disinflationary” to ensure the decline in retail inflation in recent months continues easily, Das said. The GST Council on Saturday clarified that guarantees provided by corporates to their subsidiaries will entice an 18 per cent GST, whereas no tax will be levied if a private assure is given by a director to the company. The Reserve Bank of India on Tuesday stated that it has imposed a penalty of Rs 12 crore …
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