The Wholesale Price Index data for January, furnished by the Ministry of Commerce and Industry, showed that wholesale prices rose on a slower rate than the rise of 3.80 per cent reported for December 2018.
An IFSC enables to bring back to India the financial services and transactions that are currently carried out in offshore financial centres by Indian corporate entities and overseas branches or subsidiaries of financial institutions (FIs).
The most applauded announcement by the Finance Minister Piyush Goyal was tax exemption for individuals with annual income up to Rs five lakh. With investments, those with an income of Rs. 6.5 lakh will have the same benefits.