GST Council rejigs some rates, extends cess levy, petroleum still out

Lucknow (IANS) The GST Council on Friday decided to provide relief on Covid-related items by extending the concessional rate of duty on medicines for it up to December 31, 2021, while taking no decision on bringing petroleum products under its ambit,…

Cryptocurrency Hyper Fund under govt scanner (IANS Investigation)

New Delhi (IANS) The government is keeping a close eye on cryptocurrency floating in the market based out of the country folowing alert that agencies responsible to check financial fraud are watching a company called Hyper Fund.

Sources said…

Ford India owes Rs 602 cr as deferred sales tax liability

Chennai (IANS) The US automobile major Ford Motor Company that had announced the closure of manufacturing facilities in Tamil Nadu and in Gujarat owes about Rs 602.3 crore as deferred sales tax liability, as per a research report.

Ford Motor…

OMCs hold petrol, diesel price revision even as global crude rates rise

New Delhi (IANS) Auto fuel prices in the country have maintained stability amid volatility in global oil prices with crude on the boil again, rising sharply for the past few days.

The oil marketing companies (OMCs) on Thursday kept pump prices…

PFC issues India's first-ever Euro Green Bonds

New Delhi (IANS) Power sector financier Power Finance Corporation Ltd has issued its maiden Euro 300 million 7 year Euro Bond issuance on September 13.

The pricing of 1.841 per cent achieved is the lowest yield locked in by an Indian Issuer…

Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank

New Delhi (IANS) The government has approved providing Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL).

The government guarantee mechanism was approved by…

Likely govt support measures, PLI schemes buoy equities

Mumbai (IANS) Hopes of government support measures for some beleaguered sectors along with provisions for PLI schemes for others buoyed India's key stock indices during mid-afternoon trade session on Wednesday.

However, gains were capped…

Telcos to get relief in AGR payment

New Delhi (IANS) The Union Cabinet on Wednesday approved a telecom relief package with relaxation in terms of adjusted gross revenue (AGR) payment, sources said.

According to people in the know, the Cabinet has approved the moratorium of four…

Centre ushers in PLI for green autos; focuses on EVs

New Delhi (IANS) Centre on Wednesday approved a PLI scheme for the promotion of renewable and environment friendly automobiles such as EVs, sources said.

Accordingly, the over Rs 25,000 crore scheme is likely to boost production of components…

Reforms to change framework of Indian telecom sector: Minister

New Delhi (IANS) As the Union Cabinet on Wednesday approved several reforms and relief measures for the telecom sector, Union Minister for Communications, Ashwini Vaishnaw said that these measures will change the entire framework of the Indian telecom…