Tag Archives: recover

ITC’s cigarettes business yet to recover from GST cess blow

In any other year, this month would have been the occasion to wonder if ITC Ltd would face a hike in duties on cigarettes in the Budget. Under the goods and services tax (GST), that has changed as the rate fixing decision now rests with the GST Council. Not that it has made life easier for ITC. The… Read More »

Adopt ethical approach to recover loans, Jaitley asks industry

Amid rising cases of wilful default on loans, including the one by liquor baron Vijay Mallya, Finance Minister Arun Jaitley on Monday said industry is fighting a battle of credibility and it should adopt positive and ethical approach towards NPAs or bad debts. “Indian industry is also fighting a major battle for its own credibility. Some recent events… Read More »