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PIL seeks setting up of GST tribunal to cut backlog of cases
“The constitution of National and other Benches of the appellate tribunal under Section 109 of the CGST Act, 2017 is an absolute necessity of the hour and the respondents (government) cannot drag its constitution for an indefinite period,” Sahni said, adding that the litigants are unable to get speedy justice. -
Competition to lure investment hurting states’ tax revenues: R Mohan, former income tax commissioner
Kerala former finance minister Thomas Isaac said that the tax revenue and the per capita income of most states including Kerala are not in tandem. -
Govt clears 100% FDI in PSU oil cos to pave way for BPCL selloff
The government on Thursday cleared 100% FDI (foreign direct investment) through the automatic route in public sector oil companies, paving the way for overseas investors to acquire Bharat Petroleum Corporation, which is up for sale. -
CCI issues notice to Amazon; seeks explanation on FCL deal
Competition Commission has issued a show cause notice to Amazon seeking an explanation from the e-commerce major regarding a deal with a Future Group firm that was approved by the watchdog in 2019, according to sources. -
Audi drives in electric in India; considers local production
Electric is the buzzword for German luxury maker Audi which drove in its first set of green cars in India under the e-tron badging, costing Rs 1 crore and above (ex-showroom), as the company takes on compatriot Mercedes Benz’s EQC and prepares a line-up ahead of Tesla’s entry. -
Working on phased introduction of digital currency: RBI deputy guv
The Reserve Bank of India (RBI) is working on phased introduction of such currencies, its deputy governor of RBI T Rabi Sankar said on Thursday. Delivering a speech at an online discussion, Sankar said that the idea of Central Bank Digital Currency (CBDC) is ripe, and many central banks in the world are working towards it. -
Twitter India MD says Twitter Inc has no share holding in his co
Twitter India is an independent entity as its parent company Twitter Inc does not have a single share in it, Twitter India managing director Manish Maheshwari claimed in the Karnataka high court on Thursday. -
Tata gets bullish on e-commerce just as rules threaten to transform
The Tata Group is taking a more vocal interest in rules shaping online marketplaces, hinting at ambitions as it reappraises its retail strategy just as e-commerce reform threatens to muddy plans. -
Pandemic recession was shortest ever in the US
While the Covid-19 pandemic is far from over, as rising case numbers in various countries sadly illustrate, the recession it brought on to the US economy officially is. -
Govt clears 100% FDI in PSU oil companies to pave way for BPCL selloff
The government on Thursday cleared 100% FDI (foreign direct investment) through the automatic route in public sector oil companies, paving the way for overseas investors to acquire Bharat Petroleum Corporation, which is up for sale. -
CCI issues notice to Amazon; seeks explanation on FCL deal submissions
Competition Commission has issued a show cause notice to Amazon seeking an explanation from the e-commerce major regarding a deal with a Future Group firm that was approved by the watchdog in 2019, according to sources. -
Working on phased introduction of own digital currency, says RBI deputy governor
The Reserve Bank of India (RBI) is working on phased introduction of such currencies, its deputy governor of RBI T Rabi Sankar said on Thursday. Delivering a speech at an online discussion, Sankar said that the idea of Central Bank Digital Currency (CBDC) is ripe, and many central banks in the world are working towards it. -
Zomato shares to list early on Friday, will they deliver bumper listing gains?
The IPO, which will give Zomato a valuation of Rs 64,365 crore, is being touted as the second-biggest since SBI Cards and Payment Services' Rs 10,341 crore issue in March 2020. -
Paytm’s amazing offer! Book LPG gas cylinder and get Rs 900 cashback, check process
In a tweet, the Indian Oil Corporation (IOC) said that using the Paytm offer, customers can get up to Rs 900 cashback on cylinder booking. -
Twitter India MD says parent body Twitter Inc has no share holding in his company
Twitter India is an independent entity as its parent company Twitter Inc does not have a single share in it, Twitter India managing director Manish Maheshwari claimed in the Karnataka high court on Thursday. -
RBI contemplating pilot launch of digital currency in near future: Deputy governor
The Reserve Bank is working on a phased implementation strategy for its own digital currency and is in the process of launching it in wholesale and retail segments in the near future, RBI deputy governor T Rabi Sankar said on Thursday. -
Mercedes-Benz prepares to go all-electric by 2025
According to Mercedes-Benz, it intends to manage this accelerated transformation while sticking to its profitability targets. -
Contemplating pilot launch of digital currency in near future: RBI Deputy Governor
He said the idea of Central Bank Digital Currency (CBDC) is ripe, and many central banks in the world are working towards it -
Post Office Scheme: Double your money with Kisan Vikas Patra in few years, check process
Offering both high returns and security is India Post with its several savings schemes. In one such long term investment plan, Post Office is offering investors a chance to double their money in about 10 years. -
Tata gets bullish on e-commerce just as rules threaten to transform market
The Tata Group is taking a more vocal interest in rules shaping online marketplaces, hinting at ambitions as it reappraises its retail strategy just as e-commerce reform threatens to muddy plans. -
Centre approves Rs 6,322cr PLI scheme for specialty steel
The Union Cabinet on Thursday approved the production-linked incentive (PLI) scheme for specialty steel to boost production of high grade steel in the country. The scheme has the potential of generating employment for about 5.25 lakh people -- of which 68,000 will be direct and the rest will be indirect jobs. -
Gold Price Today, 22 July 2021: Gold loses sheen, selling cheaper by Rs 8750 from record highs
In the ongoing week, August gold futures are selling cheaper by Rs 650, offering a wonderful opportunity for investors planning to put their money on the yellow metal. -
Govt eases foreign investment rules to aid BPCL sale: Report
The Union Cabinet approved plans on Thursday to allow 100% foreign direct investment (FDI) in state-run oil companies in which a strategic stake sale is announced, a move to help privatisation of Bharat Petroleum Corp, two government sources said. -
Union Cabinet approves Rs 6,322-crore PLI scheme for specialty steel, to generate 5.25 lakh jobs
There are 3 slabs of PLI incentives, the lowest being 4 % and highest being 12% which has been provided for electrical steel (CRGO). -
Centre approves Rs 6,322 crore PLI scheme for specialty steel; to create 5.25 lakh jobs
The Union Cabinet on Thursday approved the production-linked incentive (PLI) scheme for specialty steel to boost production of high grade steel in the country. The scheme has the potential of generating employment for about 5.25 lakh people -- of which 68,000 will be direct and the rest will be indirect jobs. -
Sensex rallies 639 points; Nifty tops 15,800
The 30-share BSE index ended 638.70 points or 1.22 per cent higher at 52,837.21, while the broader NSE Nifty surged 191.95 points or 1.23 per cent to 15,824.05. -
Explained – How to check PF balance online without UAN number
PF Subscribers can check EPF account balance in four different ways – a. Through online, b. Through UMANG App, c. Through SMS and d. Through MISSED Call. -
Road ministry built 13,327 km of highways in FY21: Nitin Gadkari
In a written reply to the Lok Sabha, Gadkari said to mitigate COVID-19 pandemic effect, his ministry took initiatives under Atmanirbhar Bharat and provided several COVID-19 relief measures to contractors, concessionaires and consultants, including extension of time for 3-9 months. -
Sensex closes 639 points higher as banking, metal stocks shine
Equity indices surged on Thursday with the benchmark BSE sensex rising over 600 points led by gains in metal, realty and financial stocks. The 30-share BSE index jumped 639 points or 1.22 per cent to close at 52,837; while the broader NSE Nifty settled 193 points or 1.23 per cent higher at 15,825. -
Gozero Mobility launches yet another affordable electric cycle Skellig Lite – Check price, features and more
The Skellig Lite is designed in a way that they are best suited for city rides and beyond with a range of 25 km (at the medium level of pedal-assist), promising a maximum speed of 25 kmph. -
Planning to buy property? Here’s how you can purchase house for cheap
Several banks, from time to time, give investors an option to invest their money in properties that are sold at prices lower than the circle rate. -
Interview | Govt should consider re-opening travel for fully vaccinated people: EaseMyTrip CEO Nishant Pitti
The government should set up funds, and not just provide guarantees for loans as there is a lot of joblessness in the sector currently, EaseMyTrips’s chief executive officer and co-founder Nishant Pitti told Moneycontrol in an interview. -
Ola electric Scooter to be offered in 10 unique colours – Price, booking, refunds and all you want to know
While the exact names of the colours will be announced at the imminent launch, there will be choices in matte and gloss shades from options in blue and black, the vibrant hues of red, pink and yellow, as well as white and silver. -
Over 13 lakh MSME loan accounts restructured by public sector banks: Narayan Rane
MSME minister Narayan Rane also said that till July 2, Rs 2.73 lakh crore have been sanctioned under the Emergency Credit Line Guarantee Scheme. -
Govt conducts review of legal issues in GST system: Report
The official said the industry has made representations to the Centre and state governments on the issues. -
Why Indians lose most money in tech scams
India-based fake call centres have mushroomed in a big way to defraud people across the globe. In Microsoft's new findings of its 2021 survey, India is seen as the hub of such call centre talent being put to criminal use. -
Delhi HC seeks response from Centre on plea challenging new IT rules
The Delhi high court Thursday sought the Centre's reply on a plea challenging the new IT rules for allegedly being in gross disregard of the fundamental rights of free speech and privacy of users of social media intermediaries such as WhatsApp, Instagram and Twitter. -
CCI accuses Amazon of concealing facts in deal for Future Group unit
India's antitrust regulator has accused Amazon.com Inc of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the US e-commerce giant seen by Reuters showed. -
Billionaire who missed out on TikTok is trying to beat it
In 2017, Su Hua, the founder of a Chinese startup called Kuaishou Technology, was on the verge of closing the biggest deal of his career -- the acquisition of a fledgling video service that would become TikTok. But arch-rival ByteDance Ltd swooped in with a better offer, and Su missed out on what has become a global sensation. -
Delhi high court seeks response from Centre on plea challenging new IT rules
The Delhi high court Thursday sought the Centre's reply on a plea challenging the new IT rules for allegedly being in gross disregard of the fundamental rights of free speech and privacy of users of social media intermediaries such as WhatsApp, Instagram and Twitter. -
US says India 'remains challenging place' to do business
The state department, in a report '2021 Investment Climate Statements: India' released on Wednesday, said that India "remains a challenging place to do business" and also referred to the removal of the special constitutional status from the state of Jammu and Kashmir (J&K) and the passage of the Citizenship Amendment Act (CAA). -
Audi e-tron 50, Audi e-tron 55, Audi e-tron Sportback 55 electric SUVs launched in India – Check price, specs and more
Check the price details and key features of Audi e-tron 50, Audi e-tron 55 and Audi e-tron Sportback 55. -
Policy withdrawal may prove untenable, says Indranil Pan of Yes Bank
Data shows that the world debt as a proportion of GDP has now climbed to 360 percent of GDP compared to 320 percent in the pre-Covid-19 era. -
Tesla will ''most likely'' restart accepting bitcoin as payments, says Elon Musk
Musk`s comments at the B Word conference come after Tesla said in May it would stop accepting bitcoin for car purchases, less than two months after the company began accepting the world`s biggest digital currency for payment. -
ATM rules 2021: Cash withdrawal, transaction charges to change soon
Here are 5 big rule changes related to ATM card you must know. -
Artificial intelligence, augmented reality, edge computing experts most in demand
Artificial intelligence specialist, AR (augmented reality) experts, genomic portfolio director, master edge computing and digital imaging leader are some of the hottest jobs this year, as per staffing company TeamLease’s Jobs and Salaries Primer Report 2021. -
AI, AR, edge computing experts most in demand
Artificial intelligence specialist, AR (augmented reality) experts, genomic portfolio director, master edge computing and digital imaging leader are some of the hottest jobs this year, as per staffing company TeamLease’s Jobs and Salaries Primer Report 2021. -
Indian Finance Ministry officer among 25 global tax experts appointed to UN tax committee
The committee, formally known as the UN Committee of Experts on International Cooperation in Tax Matters, guides countries’ efforts to advance stronger and more forward-looking tax policies adapted to the realities of globalised trade and investment, an increasingly digitalised economy and worsening environmental degradation. -
RBI allows IDFC to exit IDFC First Bank
In a regulatory filing made to the BSE, IDFC said that the RBI on July 20 clarified that "after the expiry of lock-in period of 5 years, IDFC Limited can exit as the promoter of 'IDFC FIRST Bank Limited'".
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Big news for Aadhaar card holders! Get mobile number updated at your door step with a postman's help
The Aadhaar card service will be available through a network of 650 India Post Payments Bank, 1.46 lakh postmen and Gramin Dak Sevaks (GDS).
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