New Delhi, Dec 31 (PTI) Output of eight core sectors rose by 3.1 per cent in November, the lowest growth rate since February this year, as against a contraction of 1.1 per cent in the same month last year, according to government data released on Friday. Barring crude oil and cement, all other sectors recorded [...]
Colombo, Dec 31 (PTI) Sri Lanka has agreed to sign a fresh deal with India to lease out 14 out of the 99 tanks at the strategic World War II-era oil tank farm for 50 years in the eastern port district of Trincomalee, Energy Minister Udaya Gammanpila said here on Friday.Gammanpila said the deal will [...]
Chennai, Dec 31 (PTI) The Tamil Nadu government on Friday termed the present sharing of powers of direct taxation and indirect taxation as unfair in the contest of limiting the direct powers of the States and said this has been exacerbated after the implementation of the Goods and Services Tax (GST), when even the bulk [...]
Mumbai, Dec 31 (PTI) India's current account slipped into a deficit of USD 9.6 billion or 1.3 per cent of GDP in the September quarter, the Reserve Bank said on Friday. The current account, which records the value of exports and imports of both goods and services along with international transfers of capital, was in [...]
New Delhi, Dec 31 (PTI) Heeding to demands made by several states, the GST Council on Friday put on hold a decision to hike the tax rate on textiles to 12 per cent and referred to a panel of state ministers to recommend rate by February, Union Finance Minister Nirmala Sitharaman said. The panel, the [...]
New Delhi, Dec 31 (PTI) Textile industry plays a major role in boosting India’s economy and the central government must consider this as a potential industry which can help India boost its presence across the world, Deputy Chief Minister Manish Sisodia said on Friday. Sisodia made the comments at the GST Council meeting where Delhi [...]
New Delhi, Dec 31 (PTI) The Centre has approved an additional assistance of Rs 600.50 crore for flood-affected Gwalior-Chambal division and Bidisha district in Madhya Pradesh. A high-level committee, headed by Home Minister Amit Shah, gave the approval for the central assistance of Rs 600.50 crore, the Union agriculture ministry said in a statement. Union [...]
New Delhi, Dec 31 (PTI) Capital markets regulator Sebi has imposed total penalties of Rs 1.1 crore on 22 entities, including individuals, for indulging in non-genuine trades in illiquid stock options at BSE. In 22 separate orders, the regulator levied a fine of Rs 5 lakh each on these entities. The Securities and Exchange Board [...]
New Delhi, Dec 31 (PTI) The government on Friday ruled out extending the deadline for filing of ITRs, saying there were no problems faced by taxpayers in filing returns as the total number of returns filed so far is 14 per cent higher than last year's. As the ITR filing deadline draws to a close, [...]
Mumbai, Dec 31 (PTI) India's forex reserves decreased by USD 587 million to USD 635.08 billion for the week ended December 24, the RBI said on Friday. In the previous week ended December 17, the overall reserves had decreased by USD 160 million to USD 635.667 billion. The kitty had touched a lifetime high of [...]
