Business
Rupee Slumps 43 Paise to 72.91 vs US Dollar, Ends Near 2-week Low
Meanwhile, the Reserve Bank on Monday announced that it will inject Rs 36,000 crore liquidity into the system through purchase of government bonds in October to meet the festival season demand for funds.
GST Collection Crosses Rs 94,440 Crore in September
As many as 67 lakh Goods and Services Tax (GST) returns were filed in September. Of the Rs 94,442 crore collected last month, Central GST (CGST) mop-up is Rs 15,318 crore, State GST (SGST) is Rs 21,061 crore, Integrated GST is Rs 50,070 crore (including R...
Govt May Soon Announce Rewards for Tip Offs on GST Evasion
It will be on the lines of similar schemes for excise and service tax, which has been subsumed under the Goods and Services Tax (GST). Customs and Income Tax also have such informer reward schemes.
EPFO Panel Suggests Investment in ETFs for 5-10 Years for Better Returns
The report of the panel set up by the Employees Provident Fund Organisation (EPFO) was listed on the agenda of its advisory body Finance and Investment Committee (FIC) meeting held on September 19, 2018.
Rupee Strengthens By 22 Paise Against Dollar in Early Trade
The government on Wednesday raised import duties on 19 items, including jet fuel and air conditioners, as it looks to check the widening current account deficit resulting from high crude oil prices and the rupee dipping to a historic low.
Now, Employers Need to File, Pay Fee For Registrations, Licences Through Shram Suvidha Portal
The Ministry of Labour and Employment has begun the process for providing the facilities of registration and licensing mandatorily online on the Shram Suvidha Portal, a ministry statement said.
Cabinet Clears Proposal to Convert GSTN into Govt Entity
The proposal to convert GSTN into 100 per cent government-owned company was earlier approved by the all-powerful GST Council.
Jaitley Asks PSU Banks to Take Effective Action Against Frauds, Wilful Defaults
Reviewing the performance of state-owned lenders, Arun Jaitley exuded confidence that formalisation of the economy would help India achieve sustainable growth of 8 per cent.
Designing Your Life: How To Be Your Own Boss
By 2020 India is expected to become home to 11,500 startups employing more than 250,000 people, as per NASSCOM.
Rupee Falls 33 Paise to 72.96 Against US Dollar
Traders said besides sustained demand of the US currency from importers and dollar's strength against some currencies overseas ahead of US Federal Reserve's meet, a lower opening in the domestic equity markets too weighed on the domestic unit.
After Meltdown, RBI and SEBI Say Closely Monitoring Financial Markets, Ready to Take Actions
Sebi has also sought details from stock exchanges about large trades done on Friday and would be stepping up the vigil to prevent steep volatility.
Walmart India Opens 22nd Cash and Carry Store in India
The new store simultaneously got integrated with the B2B e-commerce platform, making it the 22nd Best Price store to go online, a release said.
Soon, You Can Buy Cow Urine, Dung-based Soaps, Face Packs on Amazon
Deen Dayal Dham, a centre run by the RSS in Farah town of Uttar Pradesh’s Mathura, will first put up a dozen products related to health, beauty and apparel on the website for sale.
SBI Not Right Candidate to Take Over More Banks, Says Chairman
The chairman said the SBI needed two-three years to see gains from the consolidation effected last year when it merged with itself five of its subsidiary banks and took over Bharatiya Mahila Bank.
Iran Left With Just 2 Clients in India as Looming US Sanctions Choke Oil Flow
With Chennai Petroleum's absence, Iran is left with just two Indian clients, Managalore Refinery and Petrochemicals Ltd, and Indian Oil Corp (IOC).
Merger of Bank of Baroda, Vijaya and Dena Bank to Improve Efficiency, Governance: Moody's
The government on Monday proposed the merger of the three state-owned banks to create the country's third largest lender as part of efforts to revive credit and economic growth.