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News digest: Job cuts in India, GST rate structure, and more

From India's largest companies slowing down on hiring by 45% in FY17 to lithium becoming a hot favourite, BS brings you up to date with latest news

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BS Web Team New Delhi
India's largest companies cut hiring by 45% in FY17

The increase in net employees at India’s largest companies slowed down to 66,000 people in the 2016-17 financial year compared with 123,000 people a year earlier. At the end of FY17, a total of 3.25 million people were on the rolls of 241 companies of the BSE 500 index versus 3.19 million at the end of FY16. Read more

GST rate structure needs rejig, says Hasmukh Adhia 
 
Some rejig in the rate structure of the goods and services tax (GST) is required to reduce the

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