Business
Govt Releases 6 Crore LPG Connections Under PMUY
Under the PMUY scheme, the government provides a subsidy of Rs 1,600 to state-owned fuel retailers for every free LPG gas connection that they give to poor households. This subsidy is intended to cover the security fee for the cylinder and the fitting cha...
Gold Ends Year on Weaker Note, Plunges by Rs 370
Silver also dipped Rs 125 to Rs 39,100 per kg on subdued fag-end demand from industrial units and coin makers. Traders said considerable decline in demand from local jewellers and retailers at the existing higher levels amid flat global bullion markets pu...
Provision Coverage Ratio of PSU Banks on the Rise, Crosses 66 Percent
The consistent rise in PCR also indicates the adoption of discipline for making adequate provisions for NPAs Financial Services Secretary Rajiv Kumar said.
Former RBI Governor Rangarajan Raises 5 Major Economic Concerns of the Year
Addressing the 101st Annual Conference of the Indian Economic Association at the Vellore Institute of Technology, Former RBI Governor and former Andhra Pradesh Governor C Rangarajan, said that growth was the solution to many of the socio-economic problems...
Sebi Slaps Rs 40 Lakh Fine on Five Entities for Fraudulent Trade
The five were part of a group of 29 entities that allegedly indulged in reversal trades, the the Securities and Exchange Board of India said.
CVC Starts Examining Audit Reports of State-Run Banks, Insurance Companies
A total of 8,802 frauds have been reported by scheduled commercial banks and public sector banks in 2017-18 as against 7,794 in 2016-17 and 7,482 in 2015-16.
RBI to Release New Rs 20 Bank Note With Additional Features
The central bank has already issued new currency notes in the denominations of Rs 10, Rs 50, Rs 100, and Rs 500, besides introducing Rs 200 and Rs 2,000 bank notes.
Rupee Recovers 4 Paise on Weak Dollar, Falling Crude
As dollar was weak against major countries in global markets which supported the local currency. Rupee opened strong by 8 paise against US dollars, recovered 4 paise to close at 70.14.
Reduction in Ticket Prices to Aid Cinema Industry Growth, Says MAI
The government on Saturday brought down the GST rates on cinema tickets costing up to Rs 100 to 12% from the existing 18%, while tickets above 100 would attract 18% GST against 28% earlier.
Petrol Costs Rs 34 per Litre Before Tax, Dealer Commission in Delhi
On December 19, the retail price of petrol was Rs 70.63 a litre. This included, Rs 17.98 central excise duty, Rs 15.02 state VAT and Rs 3.59 commission of dealer.
IL&FS to Sell Stake in Education, Wealth Management Business
The education business provides technology services to KG to XII class students through its proprietary digital content, devices, platforms and solutions, and offers job linked vocational skills programmes.
Gold, Silver Prices Fall on Weak Global Cues, Tepid Demand
Traders attributed the fall in the yellow metal to a weak overseas trend and lacklustre demand from local jewellers.
IRDAI to Tweak Capital Requirements Norms for Insurance Companies
By 2021 or 2022, this amount would be changed so that many aspirants could join the insurance sector, he told reporters on the sidelines of MCCI seminar here on Thursday.
Rupee Plunges 50 Paise to 71.32 Against US Dollar
It was a virtual collapse for the Indian unit during the session as investors hit the panic button in view of several headwinds confronting trading sentiment.
FinMin Extends Deadline for Filing GST Annual Returns Till March 31
The annual returns form in which businesses registered under the GST have to provide consolidated details of sales, purchases and input tax credit (ITC) benefits accrued to them during 2017-18 fiscal was notified in September.
Market Rebounds on Easing Crude, Firming Rupee; HCL Tech Cracks 6%
Oil prices extended their losses on worries that a meeting of Opec and non-Opec producers will not agree to a cut in output. Brent crude, the international benchmark, was trading 0.72 per cent lower at USD 59.63 per barrel.
