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GST: Govt clarifies norms for transactions
The clarification issued by central board of excise and customs (CBEC) said that a job worker would be required to obtain GST registration only in cases where annual turnover exceeds the threshold limit Rs 20 lakhs, regardless of whether the principal manufacturer and job worker are located in the same state or in different states. -
Good news for home buyers! Modi govt gives green signal for 3.21 lakh houses under Pradhan Mantra Awas Yojana (Urban)
West Bengal got 59,929 houses in 86 cities and towns with an investment of Rs 2,431 crore. Rajasthan has been sanctioned 54,821 affordable houses in 48 cities with an investment of Rs 2,519 crore. -
Delhi government passes ‘green’ budget 2018-19
Chief Minister Arvind Kejriwal and his deputy Manish Sisodia asserted that the budget has taken care of all sections of the society. -
Government to come out with Rs 350 coin? What we know so far
Government will come out with a Rs 350 commemorative coin. -
PM Modi#39;s promised higher MSP is far from minimum: Nomura
Noting that any MSP hike is inflationary, the report said, "The proposed hike still leaves the MSPs far from maximum and are thus less populist than they appear." -
RBI resumes consultations with stakeholders on policy making
The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, is to meet on April 4 and 5 to decide the first bi-monthly monetary policy of the next fiscal. -
Here are highlights from News18 Rising India Summit 2018
News18 Network hosted the Rising India Summit 2018, where the country#39;s top leaders, policy makers and the world#39;s finest minds and brightest talents- right from Prime Minister Narendra Modi to Nobel Laureate Paul Krugman to actor Ranveer Singh, some 30 speakers came in and spoke their minds - sharing ideas and regaling us with their experiences, wit and humour. Here are the highlights of the first edition of the summit. -
Govt relaxes apple import norms
Earlier, imports of the fruit were allowed through both sea ports and airports at Kolkata, Chennai, Mumbai, and Cochin; land port and airport in Delhi; and at India#39;s land borders only. -
GST collection falls to Rs 85,174 crore in February; only 69% file returns
GST collection falls to Rs 85,174 crore in February; only 69% file returns -
Grid infrastructure, policy framework key to India#39;s renewables aim: Irena
Prime Minister Narendra Modi has set a target of raising India#39;s renewable power generation to 175 gigawatts (GW) by 2022. -
India, China agree to draw roadmap to address trade deficit: Commerce Ministry
Trade and other related issues were discussed during the meeting of China-India joint-group on economic relations, trade, science and technology here yesterday. -
February GST collection dips Rs 1,000 crore but it’s okay; the real worry for Modi is this
The GST collection for the month of February dipped marginally by Rs 1,000 crore to Rs 85,174 crore. But that's completely normal; the real reason for worry is this -
3.21 lakh houses to be constructed under PMAY; here is statewise allocation
The Centre has approved construction of over 3.21 lakh houses for urban poor under its flagship Pradhan Mantri Awas Yojana (Urban), taking the tally to over 42.45 lakh houses, according to an official release today. -
Centre gives nod for construction of 3.21 lakh houses under PMAY(U)
The latest approvals entails an investment of Rs 18,203 crore, out of which the Centre will share Rs 4,752 crore, it added. -
Good news! Home buyers in Noida-Greater Noida to get Rs 2.5 lakh subsidy on home loans
New home buyers from the low and middle-income groups in Noida and Greater Noida will now be illegible to get an interest subsidy of approximately Rs 2.5 lakh on their home loans under the PMAY scheme. -
Govt approves Rs 7,000 cr SBA for payment of outstanding subsidy claims
Subsidy is released to fertiliser companies depending on the availability of the budget, the government said, adding that in case of shortage of funds it tries to liquidate pending subsidy by arranging loans under the SBA. -
Centre assures to look into garment export related issues
The assurance was given when a delegation of Tirupur Exporters#39; Association (TEA) and presented a memorandum to commerce and industry minister Suresh Prabhu at New Delhi yesterday. -
Cane arrears to farmers at Rs 13,899 cr as on March 21: Govt
Mills in Uttar Pradesh have maximum cane price arrear at Rs 5,136 crore, followed by Karnataka - Rs 2,539 crore and Maharasthra - Rs 2,348 crore. -
February GST collections at Rs 85,174 crore; lowest mop-up since December
The GST collection data for February is out-- the government has garnered over Rs 85000 crore in the month of February, the lowest mop-up since December. Timsy Jaipuria analyses the number and tries to decode the reason for this slowdown. -
GST profiteering complaint form simplified: FinMin
The number of columns in the simplified single-page form have been slashed to 16, of which 12 fields are mandatory, to make it convenient for people. -
GST collection falls to Rs 85,174 cr in February; only 69% file returns
GST collections slid for the second straight month to Rs 85,174 crore in February as only 69 per cent of the assessees filed returns. -
Market closes in green, Sensex rises over 100 points
The Sensex rose 107.98 points to close at 33,174.39 while the Nifty was up 53.50 points to close at 10,184.15. -
FSSAI to reclassify food businesses to align with GST
Under the GST regime, implemented from July 1, 2017, businesses with an annual turnover of over Rs 20 lakh are required to pay GST. -
Revised ITR filing: Income Tax office to remain open this weekend
Income Tax Department has fixed March 31, 2018 as the last date to file tax returns for AY 2016-2017 and 2017-2018. -
Diesel use in India set for record in 2018
Diesel consumption growth in calendar 2018 may be more than double last year, analysts and traders told Reuters, aided by an expected regular monsoon this year that should boost demand in the world#39;s third-largest oil consumer for diesel used in harvesting and other farming, leading to higher rural spending. -
GSK buys Novartis stake in consumer healthcare venture for $13 billion
The deal is set to complete in the second quarter subject to the necessary approvals. -
Fortis Healthcare gets unsolicited offer from Manipal Health
Fortis board was reportedly expected to meet Manipal Health for approving the proposed merger. -
Return filing: I-T offices to stay open Mar 29-31
While March 29 and March 30 are government holidays on account of Mahavir Jayanti and Good Friday respectively, March 31, the last day of 2017-18 financial year, is a Saturday. Banks too will be shut from March 29-30. -
Modi’s MSP plan could push farmers’ income up 24%, estimates NITI Aayog
With the Narendra Modi government planning to increase the Minimum Support Price (MSP) one and half times of the farmers' produce may push farmers' income up by 24%, according to an estimate by NITI Aayog. -
Revised ITR filing: Income Tax office to remain open on this Saturday, Sunday
Income Tax Department has fixed March 31, 2018 as the last date to file tax returns for AY 2016-2017 and 2017-2018. -
Anushka Sharma, PV Sindhu make it to Forbes 30 Under 30 Asia list
Forbes has selected names in various sectors including entertainment, finance and venture capital, retail, social entrepreneurs and enterprise technology. -
Apple looks to return to head of class in education market
Apple is hoping to return to the head of the class in the competition to get high-tech products into US classrooms. -
India bonds gain sharply on surprise cut in government borrowing
The 10-year bond yield dropped to as much as 7.3565 percent from 7.62 percent, its lowest since Jan. 29, andmarking its biggest intraday fall since December 9, 2013. -
Bandhan Bank soars 33% in trading debut on NSE
The IPO of Bandhan Bank was oversubscribed 14.56 times, eliciting good response from QIP and HNI investors. -
RBI may hold rates in first policy review after PNB scam; here’s why global brokerages think such
In its first monetary policy review after multi-crore scam was detected at a Mumbai branch of Punjab National Bank (PNB), the Reserve Bank of India (RBI) may maintain status quo in policy rates, global brokerages said. -
Bandhan Bank lists at Rs 499, premium of 33%
Ahead of the listing, the bank had offered its shares for subscription via an IPO. The IPO which got oversubscribed 14.6 times was valued at Rs 4,473 and was the largest by any bank in India. -
Markets open in green, Sensex edges up over 100 points
At 9:27 AM the benchmark Sensex was trading 157.38 points or 0.48 percent up at 33,223.79 while the NSE Nifty was trading 52.30 points or 0.52 percent up at 10,182.95. -
Sensex gains above 100 points, Nifty nears 10,200-mark
On Tuesday morning, once bank and metal sectoral indices were outperforming, gaining 1.30 per cent each. All the other sub-indices were in the green too. Tata Steel, Wipro, Axis Bank and Yes Bank were the major gainers early on. -
Nagaland Assembly passes state budget
The Nagaland Assembly today passed the state#39;s Rs 18,315.76-crore budget for fiscal 2018-19. -
Spikes at HDFC branch spark social media furore, bank removes it on priority
Pictures of the HDFC bank spikes went viral after a journalist tweeted some photos, showing the dangerous iron spikes. -
Petrol, diesel price on 27th March 2018: Check out rates here city-wise
Under the dynamic pricing scheme, petrol and diesel prices are revised on a daily basis in sync with global crude oil prices. -
Lemon Tree Hotels IPO subscribed 25% on Day 1 of bidding
The IPO is of up to 185,479,400 shares (including anchor portion of 55,643,820 shares). -
H1FY19 Gross Market Borrowing: Govt fixes target at Rs 2.88 lakh crore
One of the important steps is the sharp reduction in the borrowing programme for H1. All these initiatives are going to have a positive impact on the market and we might see a reaction of 7-8 basis points tomorrow at the opening of the session itself.” -
Adani Enterprises signs coal mining pact with NLC India
The coal ministry has allocated the block to NLC India for development, mining and captive consumption of the dry fuel from the blocks in its various end use power plants. -
Wall Street posts biggest one-day gain in 2-1/2 years as trade-war fears ebb
Wall Street`s three major indexes jumped to their greatest one-day gain in two-and-a-half years on Monday, led by the tech sector, as trade war fears eased on reports that the United States and China were willing to renegotiate tariffs and trade imbalances. -
India-EU FTA: Prabhu hints talks may resume early
At $43 billion, the EU —including the UK — made up for 17.6% of India’s goods exports in the first 10 months of the current fiscal, while imports from the bloc stood at over $39 billion. Garments were India’s biggest exports segment, followed by engineering goods and gems & jewellery. -
Indian economy size to double by ’25: Govt
Garg exuded confidence that while the country is on course to recording a growth rate of 7-8%, with greater focus on start-ups, MSMEs and infrastructure investment, it can achieve even higher rates of expansion. -
Sachin-backed fashion company raises Rs 30 crore
The company’s portfolio includes WROGN — co-owned by Virat Kohli, Imara — a women’s ethnic brand with Jacqueline Fernandez and Ms. Taken — a women’s western wear brand with Bollywood actress Kriti Sanon. -
After Grab deal, Uber to focus on India
Ride-hailing major Uber may not look to replicate a Grab-like deal in India immediately after selling out in China and Russia. Uber’s exit from Southeast Asia is likely to intensify the Ola and Uber rivalry locally, sources said. -
Lakshmi Mittal moves NCLT, Jindal cries foul
The battle for Essar Steel heats up with the Lakshmi N Mittal-led ArcelorMittal on Monday moving NCLT over its disqualification even as JSW alleged that allowing defaulting promoters to participate in the bidding process was “nothing but a mockery” of the bankruptcy code.
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