The government on Thursday said it has decided to lift the price cap of Rs 6,500 per quintal on raw jute from May 20 this year. It is expected that the cap removal will help the farmers, mills and jute MSME sector, wherein over 7 lakh people are dependent on the jute trade in addition [...]
Russia’s state-owned and largest airline Aeroflot, Ural Airlines and Rossiya Airlines will now be unable to sell their lucrative landing slots at UK airports as part of new sanctions imposed by the Boris Johnson government on Thursday. The additional sanctions being imposed as a reaction against the ongoing Russia-Ukraine conflict, follow an earlier move to [...]
NITI Aayog CEO Amitabh Kant on Thursday said it is the private sector's job to create wealth and the government should focus on laying down public policy framework. Addressing 'GovTech Summit 2022', Kant further said India needs a very simple, efficient, and transparent government. "The government's job should be laying down public policy framework, it [...]
Domestic cooking gas LPG price was on Thursday hiked by Rs 3.50 per cylinder, the second increase in rates this month. Non-subsidised LPG now costs Rs 1,003 per 14.2-kg cylinder in the national capital, according to a price notification of state fuel retailers. The hike comes on the back of a Rs 50 per cylinder [...]
Inflows in the mutual fund industry through systematic investment plans or SIPs reached over Rs 1.24 lakh crore in the financial year 2021-22, a jump of 30 per cent from the preceding fiscal, suggesting growing popularity of the route among retail investors to generate long term wealth. In comparison, an inflow of Rs 96,080 crore [...]
Crisis-hit Sri Lanka on Wednesday revealed that it does not have foreign exchange to pay for a vessel of petrol anchored in its waters for nearly two months as it appealed to citizens "not to wait in line" for fuel. However, the country has received sufficient stocks of diesel, the government said. Since March 28, [...]
The finance ministry will clarify doubts on the applicability of new TDS provision regarding benefits or perquisites received in a business or profession, a senior tax official said on Wednesday. Joint Secretary in the finance ministry Kamlesh C Varshney said that such benefits and perquisites are income and were always taxable whether received in cash [...]
Salaries of senior executives in India are likely to increase by 8.9 per cent in 2022, highest in five years, amid a recovery in business sentiments post pandemic, according to leading global professional services firm Aon plc. The Aon's 11th annual Executive Rewards Survey in India, which analysed data across 475 companies from more than [...]
As taxpayers face technical glitches on the GST portal, the government on Tuesday extended the due date for April tax payment till May 24 and has directed Infosys for early resolution of the problem. “The due date for filing FORM GSTR-3B for the month of April 2022 has been extended till 24th May 2022,” the [...]
The Federation of Hotel & Restaurant Associations of India has suggested various measures and sought the government's intervention for the revival and growth of the hospitality industry. The recommendations include making tourism a priority sector, according infrastructure status to hospitality industry, ensure better credit facilities, subsidies and incentives, rationalisation of GST, continuation of EPCG scheme, [...]
