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-
Uttar Pradesh’s revenue increases 42% YoY in May
According to the finance department data accessed by FE, the state mopped up Rs 8,272.55 crore as tax and non-tax revenue in May 2021, an increase of 42% from Rs 5,820 crore collected a year ago. However, this is just 52.7% of the target of collecting Rs 15,683.37 crore for the month. -
GST compensation arrangement enough for FY22: Icra
But no mechanism yet for Rs 61,000-crore arrears for April-January of FY21 -
FinMin report: ‘Vaccines, front-loading of fiscal steps to spur growth’
In its latest monthly report on the economy, the department of economic affairs said as witnessed in the March quarter, where “growth in capex generated positive spill-overs for consumption, including in the contact-sensitive sectors, these steps would facilitate recovery post the second wave”. -
Uttar Pradesh favours GST cut on Covid-19 medicines, says minister
Many oppositions ruled states are seeking zero-rating or 0.1% GST on Covid-related essentials. -
Open to IPO for Flipkart but no specific timeline: Walmart
US retail giant Walmart has said it is "open to an IPO" for its Indian e-commerce arm Flipkart but there is "no specific timeline" for the share sale. -
Crypto update! THIS country makes Bitcoin legal tender
Lawmakers voted in favor of the move to create a law to adopt bitcoin, despite concern about the potential impact on El Salvador`s program with the International Monetary Fund. -
RBI deputy governor MK Jain gets 2-year extension
The Reserve Bank on Wednesday said the government has extended the tenure of deputy governor Mahesh Kumar Jain for two years. -
Fuel demand hits 9-month low in May as Covid-19 stalls activity
India's fuel demand slumped in May to its lowest since August last year with a second Covid-19 wave stalling mobility and muting economic activity in the world's third largest oil consumer. -
RIL's stake sales lead to 38% jump in PE investments
Private equity investments in Indian companies grew 38 per cent to $62.2 billion last year, with inflows into Reliance Industries' telecom and retail ventures contributing nearly 40 per cent of the total value of the deals, a report said on Wednesday. -
'Quickening vaccination coverage critical for growth'
Quickening the pace and coverage of vaccination of people against Covid is critical for regaining growth momentum as economic activities are inextricably linked to the path of the pandemic, the finance ministry said in its monthly economic report on Wednesday. -
Making effort to comply with new digital rules: Twitter
Twitter India on Wednesday told the Centre that it is making every effort to comply with the new digital rules which came into force last month. The statement comes amid a protracted row between the Centre and the US-based giant over compliance with the new digital rules. The government had asked Twitter that it must comply with the laws of the land. -
Tech Mahindra plans acquisition in Europe, to hire 250 people
IT company Tech Mahindra is looking for acquisitions in Europe to upgrade its capabilities in various segments, including cloud computing, 5G, SAP and Salesforce softwares, a senior company official said on Wednesday. -
GAIL to bid for solar foray with 400 MW capacity
Gas utility GAIL will bid for 400 MW solar power capacity being auctioned by SECI (formerly Solar Energy Corporation of India), making it the latest state-run oil and gas company to bet big on renewable energy for a low-carbon future. -
Tata Motors discontinues select Nexon models, here’s why
Tata Motors noted that the Nexon would now be available in 20 variants offering customers an exciting product proposition at different price points.
-
Making every effort to comply with new digital rules: Twitter to govt
Twitter India on Wednesday told the Centre that it is making every effort to comply with the new digital rules which came into force last month. The statement comes amid a protracted row between the Centre and the US-based giant over compliance with the new digital rules. The government had asked Twitter that it must comply with the laws of the land. -
Socio political entrepreneur Priyank Shah reigns with his dedicated efforts to make a difference
Priyank Shah inspires citizens today with various expansive roles of being a visionary entrepreneur, a dexterous social worker, motivational speaker and founding member to various foresighted initiatives such as Pune Covid Bulletin, Youth Connect Pune, to name a few. -
'Quickening vaccination coverage critical for regaining growth'
Quickening the pace and coverage of vaccination of people against Covid is critical for regaining growth momentum as economic activities are inextricably linked to the path of the pandemic, the finance ministry said in its monthly economic report on Wednesday. -
Govt approves allotment of 5 MHz spectrum to railways
Giving a boost to ‘Aatmanirbhar Bharat’ mission, the government has approved allotment of 5 MHz spectrum in 700 MHz frequency band to Indian Railways for public safety and security services at stations and in trains. -
Covid: WTO members agree to talks on patent waiver
In a significant breakthrough, members of the World Trade Organisation (WTO) on Wednesday agreed to launch discussions on patent waiver for Covid-related vaccines, drugs and devices, amid indications that the talks will be fast-tracked. -
UP favours GST cut on Covid-19 medicines, says minister
“The UP government is in favour of a reduction in tax rates…we want to help patients,” Khanna said, adding that the state would abide by the GST Council decision in this regard. -
The economic impact of the second wave COVID-19 is likely to be restricted to the first quarter of 2022: DEA
On the coronavirus pandemic, the DEA noted that the spread of COVID-19 has been rapid in rural areas. -
Commercial shops rates slashed by DDA, right time to invest?
The Delhi Development Authority (DDA) has reduced the prices of commercial shops at prime locations across the national capital. -
WTO members agree to talks on patent waiver for Covid drugs, vaccines
In a significant breakthrough, members of the World Trade Organisation (WTO) on Wednesday agreed to launch discussions on patent waiver for Covid-related vaccines, drugs and devices, amid indications that the talks will be fast-tracked. -
THESE banks offer special FD schemes for COVID-19 vaccinated investors, check interest rate and other details
UCO Bank has named the FD scheme for COVID-19 vaccinated investors as “UCOVAX-999”. -
Low-income frontline workers hit by rising fuel prices
Rizwanudeen, a 37-year old worker who delivers food in Chennai, struggles to pay his rent and loan instalments at the end of every month as he has been hit by the double whammy of higher fuel prices and fewer food orders. -
Yes Bank revises fixed deposits interest rates, check updated FD rates here
With the revision in place, interest rates have changed for almost all of the FD schemes offered by YES Bank. -
SBI announces new charges on cash withdrawal, cheque book – Check date and other details here
The Additional Value Added Services of ATMs, charges related to Cheque Book will come into effect from July 1. -
MSP is there and will continue: Agri Minister Narendra Singh Tomar on MSP hike
CCEA has announced the approval of the rise in the Minimum Support Prices (MSPs) for all Kharif crops that are set to be marketed in the 2021-22 season. -
Cabinet approves MSP for Kharif crops for marketing season 2021-22. Here#39;re the details
According to the government, this differential renumeration was made with the intention to increase crop diversification. -
Govt gives nine-month extension to LIC chairman
The government has given a nine-month extension to LIC chairman M R Kumar till March next year in view of the insurer's proposed initial public offer towards the end of the current fiscal. -
Money lying idle? THESE 3 banks offer market best interest rates on saving accounts
RBL Bank is currently offering the highest interest rates among all private and public sector banks. -
Sensex tumbles 334 points; Nifty drops below 15,650
The 30-share BSE index ended 333.93 points or 0.64 per cent lower at 51,941.64. Similarly, the broader NSE Nifty slumped 104.75 points or 0.67 per cent to 15,635.35. -
Sensex slips 334 points; Nifty ends at 15,635
Equity indices plunged on Wednesday with the benchmark BSE sensex falling over 300 points dragged by realty, banking and auto stocks. The 30-share BSE index fell 334 points or 0.64 per cent to close at 51,942; while the broader NSE Nifty settled 105 points or 0.67 per cent lower at 15,635. -
Govt approves allotment of 5 MHz spectrum in 700 MHz band to Railways
Giving a boost to ‘Aatmanirbhar Bharat’ mission, the government has approved allotment of 5 MHz spectrum in 700 MHz frequency band to Indian Railways for public safety and security services at stations and in trains. -
Govt approves allotment MHz spectrum in 700 MHz band to Indian Railways
Giving a boost to ‘Aatmanirbhar Bharat’ mission, the government has approved allotment of 5 MHz spectrum in 700 MHz frequency band to Indian Railways for public safety and security services at stations and in trains. -
New Income Tax portal glitch: Infosys responds after FM Sitharaman flags issue
On Tuesday, Sitharaman had asked Infosys and its Chairman Nandan Nilekani to fix technical glitches being encountered on the income tax department's new e-filing website, after users flooded her Twitter timeline with complaints. -
India loses 5-7% of GDP due to corrosion: International Zinc Association
India loses around 5-7 percent of its Gross Domestic Product (GDP) every year due to corrosion, International Zinc Association (IZA) said on Wednesday. -
Las Vegas Sands faces $12bn claim in Macau court
US casino giant Las Vegas Sands is facing a $12 billion lawsuit from a former partner in a Macau court, in a case set to shine a light over how coveted casino licenses were awarded in the world's biggest gambling hub two decades ago. -
El Salvador creates history: Becomes world’s first country to adopt Bitcoin as legal currency
The price of Bitcoin was marginally up from $33,555 to $34,398, as per CoinMarketCap, shortly after the announcement of adopting Bitcoin as legal tender by El Salvador's President Nayib Bukele on Wednesday morning. -
Coal India seeks government's help to speed up its vaccination drive after nearly 400 deaths
The coal miner has requested the government to accelerate the vaccination drive for its staff members and their families -
Blending of Mustard oil prohibited, oil can’t be sold loose – Check FSSAI's new rules on edible oil effective from June
Domestic retail edible oil prices have shot up over 60 per cent in the last one year. And the government recently said the abnormal increase in rates was in line with the global market and the prices are expected to cool down soon. -
Gold Price Today, 09 June 2021: Gold prices cheaper by Rs 7,100 from record level
Gold futures for August delivery remains above Rs 49,000 per 10 grams on MCX. On Tuesday, the August futures of gold traded in a range. Even today, gold seems to be trading in a small range only. -
World Bank opposes vaccine IP waiver as WTO talks resume
World Bank president David Malpass said on Tuesday the bank does not support waiving intellectual property rights for Covid-19 vaccines at the World Trade Organization out of concern that it would hamper innovation in the pharmaceuticals sector. -
Drinks industry sales slumped 29% in 2020
India’s drinks industry suffered its worst year in recent memory due to the pandemic as a nationwide lockdown for more than a month and subsequent closure of bars, pubs, restaurants and hotels till early September wreaked havoc on sales of whiskey, beer, rum and vodka. -
Crypto exchanges scout entry into India despite 'ban'
Global digital currency exchanges are exploring ways to set up in India, following in the footsteps of market leader Binance, industry sources told Reuters, while the government in New Delhi dithers over introducing a law that could ban cryptocurrencies. -
India's low-income frontline workers hit by rising fuel prices
Rizwanudeen, a 37-year old worker who delivers food in Chennai, struggles to pay his rent and loan instalments at the end of every month as he has been hit by the double whammy of higher fuel prices and fewer food orders. -
Exports up 52.39% to $7.71 billion during June 1-7
Exports of engineering, gems and jewellery and petroleum products increased by 59.7 per cent to USD 741.18 million, 96.38 per cent to USD 297.82 million and 69.53 per cent to USD 530.62 million respectively, the data showed. -
From Jeff Bezos to Elon Musk, several billionaires paid no income tax for THESE period
Overall, the richest 25 Americans pay less in tax 15.8 per cent of adjusted gross income than many ordinary workers do, once you include taxes for Social Security and Medicare, ProPublica found. -
Uber to hire 250 engineers in India this year
Ride-hailing app Uber is expanding its engineering team in India, hiring 250 engineers split between its Bengaluru and Hyderabad tech centres. This will take its total strength to 1,000 employees by this year end. -
What is a Digital Signature Certificate, why do we need it and how to get it?
While the physical documents are signed manually, electronic documents, for example e-forms are required to be signed digitally which can be used to authenticate important documents.
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