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Domestic credit at Nu 97B

The Royal Monetary Authority’s (RMA) financial inclusion initiative is expected to fuel domestic credit to almost 50 percent of the GDP in the medium term.

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GST impact to cost Nu 14B in 12th Plan

While the Goods and Services Tax (GST) in India will have a revenue implication of Nu 14B in the 12th Plan, the trading sector is to benefit the most. For this to materialise, the retailers have to pass the benefit to consumers and import commodities from the GST registered suppliers in India.

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CPI records 5 percent Inflation in June

The price of goods and services increased by almost five percent between June last year and this June, according to the consumer price index. This was 0.72 percentage lower than the year-on-year inflation of May, which stood at 5.65 percent.

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