Category: Business

Business

GST Council raises upper age limit of president and members of Appellate Tribunals

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GST Council raises upper age limit of president and members of Appellate Tribunals

Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary, Revenue Secretary Sanjay Malhotra and others during the 52nd Goods and Services Tax (GST) Council Meeting, in New Delhi, on October 7, 2023. | Photo Credit: PTI The Goods and Services Tax (GST) Council has decided to raise the maximum age limit for the…

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Business

Will seek withdrawal of tax notices for online gaming companies: Delhi FM Atishi

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Will seek withdrawal of tax notices for online gaming companies: Delhi FM Atishi

Delhi Finance Minister Atishi Singh during the 52nd GST Council Meeting, in New Delhi, on October 7, 2023. | Photo Credit: PTI Delhi Finance Minister Atishi on Saturday said tax evasion notices worth ₹1.5-lakh crore to online gaming companies will finish them and vowed to seek their withdrawal at the GST Council meeting during the…

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Business

Keen to keep aircraft lessors’ faith in India: Centre

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Keen to keep aircraft lessors’ faith in India: Centre

A Go First airline, formerly known as GoAir, passenger aircraft parked at the Chhatrapati Shivaji International Airport in Mumbai, India, May 3, 2023. | Photo Credit: Reuters The Indian government’s recent move to protect aircraft lessors when an airline is under insolvency could prevent an estimated loss of $ 1.2 to 1.3 billion that Indian airlines…

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Business

₹2,000 notes worth ₹3.43 lakh crore have come back: RBI Governor

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₹2,000 notes worth ₹3.43 lakh crore have come back: RBI Governor

On May 19, 2023, the RBI announced its intent to withdraw the ₹2,000 notes introduced in 2016 for quick remonetisation. File | Photo Credit: The Hindu Governor Shaktikanta Das on October 6 said ₹3.43 lakh crore of ₹2,000 denomination notes have come back to the system so far, and reminded the public that they can…

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Business

Stock markets rally after RBI keeps repo rate unchanged

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Stock markets rally after RBI keeps repo rate unchanged

Benchmark equity indices Sensex and Nifty rallied for a second straight session on Friday after the Reserve Bank maintained the status quo on policy rates, resulting in gains for rate-sensitive sectors like financial, realty and auto. A firm trend in Asian and European markets also bolstered the investors’ sentiment, traders said. The 30-share BSE Sensex…

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Business

Rupee rises 4 paise to close at 83.21 against U.S. dollar

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Rupee rises 4 paise to close at 83.21 against U.S. dollar

Representational image | Photo Credit: Reuters The rupee appreciated 4 paise to settle at 83.21 (provisional) against the US dollar on Friday amid positive equity markets as the Reserve Bank kept the repo rate unchanged in its fourth consecutive monetary policy review. Selling pressure from foreign equity investors amid elevated levels of the greenback, however,…

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Business

How is telecom regulator TRAI proposing to improve connectivity inside buildings? | Explained

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How is telecom regulator TRAI proposing to improve connectivity inside buildings? | Explained

The story so far: Endeavouring to address issues related to coverage and quality inside buildings and civic facilities (such as airports and bus stations), the Telecom Regulatory Authority of India (TRAI) floated a consultation paper on September 27, proposing a rating system to assess network operability in the premises, to nudge property owners to “come…

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Business

RBI to harmonise Internal Ombudsman framework to strengthen customer grievance mechanism: Shaktikanta Das

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RBI to harmonise Internal Ombudsman framework to strengthen customer grievance mechanism: Shaktikanta Das

RBI governor Shaktikanta Das. File | Photo Credit: ANI With a view to strengthen customer grievance redressal system, RBI governor Shaktikanta Das on October 6 said the Central bank decided to effect certain changes and also consolidate and harmonise the Internal Ombudsman guidelines into a single master direction. “This will further strengthen the customer grievance…

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