Bad loans have taken a toll on the Indian economy and whether the stressed assets will decline is the big question. Bank loans have swelled to Rs 9 trillion crore and the worst-hit sectors are power and steel. According to analysts, there is no meaningful chance of loan stress declining.
Individuals and entities can pay taxes online using debit or credit cards once the Goods and Services Tax (GST) is rolled out, Revenue Secretary Hasmukh Adhia said today.
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