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Image for representation purpose only. | Photo Credit: Reuters The Finance Ministry has notified October 1 as the date for implementation of the amended GST law provisions for taxing e-gaming, casinos and horse racing. According to the changes to the Central GST Act, these supplies will henceforth be treated as “actionable claims” similar to lottery,…
The SAED or duty on export of diesel will be cut to ₹5 per litre, from ₹5.50 per litre currently. Image for representation purpose only. File | Photo Credit: AP The government on Friday hiked special additional excise duty (SAED) on crude petroleum to ₹12,100 per tonne with effect from September 30. In the last…
Read More “Centre hikes windfall tax on domestic crude, cuts levy on export of diesel, ATF” »
J Raju with donkeys at the Aindhinai Farmer Producer Company farm. | Photo Credit: SPECIAL ARRANGEMENT J Raju, an advocate-turned-agricultural entrepreneur has an unusual enterprise. His Aindhinai Farmer Producer Company (AFPC), in Soriyampatti, a village in Tiruchi district, is working to conserve the dwindling population of donkeys while making the husbandry of these animals a…
Image used for representational purpose only. | Photo Credit: Getty Images The government has raised the returns on five-year recurring deposits from 6.5% to 6.7% for the October to December 2023 quarter, but left the returns on all other Small Savings schemes unchanged. While this constitutes the fifth successive hike in the returns on select…
Read More “Rate on one of 12 Small Savings schemes hiked for Q3” »
He said India has been making efforts to tackle the challenge of the high cost of remittances. Kolkata: Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was “unconscionable”, and India is in talks with more jurisdictions to make a material impact on…
Read More “India In Talks With More Jurisdictions On Cross-Border Payments: RBI” »
Image used for representational purpose only. | Photo Credit: Reuters The rupee appreciated 14 paise to settle at 83.05 (provisional) against the U.S. dollar on September 29, boosted by a firm trend in equity markets and a sharp correction in the greenback against major rivals overseas. However, selling pressure from foreign equity investors and rising…
Read More “Rupee rises 14 paise to 83.05 against U.S. dollar” »
Gold closed at ₹58,950 per 10 grams in the previous trade. However, silver surged ₹1,200 to ₹74,300 per kilogram. | Photo Credit: Reuters Gold prices declined ₹250 to ₹58,700 per 10 grams in the national capital on September 29 amid a fall in precious metal prices overseas, according to HDFC Securities. The yellow metal had…
International Holding Company (IHC) will sell its stake in two Adani Group companies New Delhi: International Holding Company (IHC) will sell its stake in two Adani Group companies, the Abu Dhabi-based firm said in a note to the markets. IHC said it has “entered into a definitive agreement with a buyer to dispose of its…
Read More “Portfolio Rebalancing, IHC On Stake Sale From 2 Adani Firms” »
Jyotiraditya Scindia. File Union Steel Minister Jyotiraditya M. Scindia held a meeting with five task forces and discussed a range of issues, including incentivising green steel production and financing options for decarbonising the industry. “Key stakeholders, industry experts and government officials attended the meeting to discuss ways to achieve sustainability and decarbonisation in steel production…
Representational image. File | Photo Credit: S.S. Kumar The Tamil Nadu Cashew Processors and Exporters Association (TNCPEA) has urged the Agricultural and Processed Food Products Export Development Authority (APEDA) to restore the export incentive for cashew kernels to 5 per cent from the existing 2.5 per cent, as its exports have dropped. In a memorandum…