Economy

GST Council Likely To Exempt IGST On Cancer Drug Import, 5% For F&B At Multiplexes

GST Council Likely To Exempt IGST On Cancer Drug Import, 5% For F&B At Multiplexes

Press Trust of India | Thursday July 06, 2023, New Delhi

The GST Council at its next meeting on Tuesday is likely to exempt cancer medicine Dinutuximab imported by individuals from tax, decide on applicability of GST on food or beverages served in multiplexes and come out with a clear definition of utility vehicles for levying a 22 per cent cess, sources said.

Government Panel On Online Gaming, Casinos, Horse Racing Broadly Agree On 28% GST

Government Panel On Online Gaming, Casinos, Horse Racing Broadly Agree On 28% GST

Press Trust of India | Thursday July 06, 2023, New Delhi

The GoM on online gaming, horse racing and casinos had a broad agreement that a 28 per cent GST should be levied on all the three supplies.

HDFC Bank Records 15.8% Loan Growth In Q1

HDFC Bank Records 15.8% Loan Growth In Q1

Press Trust of India | Wednesday July 05, 2023, New Delhi

Private sector lender HDFC Bank on Wednesday said it has registered a 15.8 per cent rise in loans to Rs 16,15,500 crore in the first quarter of current fiscal year.

Public Sector Banks' Profit Tripled To Rs 1 Lakh Crore In 9 Years: Nirmala Sitharaman

Public Sector Banks' Profit Tripled To Rs 1 Lakh Crore In 9 Years: Nirmala Sitharaman

Press Trust of India | Saturday July 01, 2023, New Delhi

Finance Minister Nirmala Sitharaman on Saturday said the public sector banks' profit in the last nine years has tripled to Rs 1.04 lakh crore due to initiatives taken by the government and underlined the need for continuing the momentum to fuel economy.

GST Collection Rises 12% To Over Rs 1.61 Lakh Crore In June

GST Collection Rises 12% To Over Rs 1.61 Lakh Crore In June

Press Trust of India | Saturday July 01, 2023, New Delhi

GST collections rose 12 per cent to over Rs 1.61 lakh crore in June, the Finance Ministry said on Saturday.

Government Spending Rs 6.5 Lakh Crore Annually On Agriculture, Farmers' Welfare: PM Modi

Government Spending Rs 6.5 Lakh Crore Annually On Agriculture, Farmers' Welfare: PM Modi

Press Trust of India | Saturday July 01, 2023, New Delhi

Prime Minister Narendra Modi today said his government was spending Rs 6.5 lakh crore annually for the agriculture sector and farmers' welfare, and called upon cooperatives to help in making the country self-reliant in cooking oils.

Jet Fuel Price Rises 1.6% To Rs 90,779.88 Per Kilolitre On Global Cues

Jet Fuel Price Rises 1.6% To Rs 90,779.88 Per Kilolitre On Global Cues

Press Trust of India | Saturday July 01, 2023, New Delhi

Jet fuel or ATF price was today hiked by 1.65 per cent - the first increase in rate after fourth months of reduction warranted by softening oil prices.

Economy Has Moved Away From Twin-Balance Sheet Problem, Banks Now Profitable: Finance Minister

Economy Has Moved Away From Twin-Balance Sheet Problem, Banks Now Profitable: Finance Minister

Press Trust of India | Saturday July 01, 2023, New Delhi

Nirmala Sitharaman said today that the Indian economy has moved away from the twin-balance sheet problem of banks and corporates to twin-balance sheet advantage because of the concerted efforts of the Narendra Modi government.

No TCS On International Credit Card Spends Abroad: Centre Scraps New Rule

No TCS On International Credit Card Spends Abroad: Centre Scraps New Rule

Press Trust of India | Saturday July 01, 2023, New Delhi

Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source or TCS, as per the latest notification issued by the Finance Ministry.

Interest Rates On Select Small Saving Schemes Raised By Up To 0.3%

Interest Rates On Select Small Saving Schemes Raised By Up To 0.3%

Press Trust of India | Friday June 30, 2023, New Delhi

The government on Friday raised interest rates on select saving schemes by up to 0.3 per cent for the July-September quarter in line with the high-interest rates in the banking system.

Adani-Total Gas To Invest Rs 20,000 Crore In 8-10 Years To Expand City Gas

Press Trust of India | Thursday June 29, 2023, New Delhi

Adani Total Gas Ltd, the joint venture of billionaire Gautam Adani's group and French energy giant TotalEnergies, will invest Rs 18,000 crore to Rs 20,000 crore in the next 8 to 10 years to expand infrastructure for retailing CNG.

Hospitality Tech Platform OYO To Add Over 1,000 Hotels By December 2023

Hospitality Tech Platform OYO To Add Over 1,000 Hotels By December 2023

Press Trust of India | Wednesday June 28, 2023, New Delhi

Hospitality technology platform OYO today said it will add over 1,000 hotels to support over 100 first-generation hoteliers by December 2023 as part of its accelerator programme.

Sensex Snaps 3-Day Losing Run, HDFC Twins Shine

Sensex Snaps 3-Day Losing Run, HDFC Twins Shine

Press Trust of India | Tuesday June 27, 2023, Mumbai

Equity benchmark index Sensex ended a three-session losing streak to close nearly 450 points higher on Tuesday, helped by intense buying in index majors HDFC twins, ICICI Bank and Axis Bank amid a mixed trend in the global markets.

Merger Of HDFC And HDFC Bank Effective From July 1: Chairman Deepak Parekh

Merger Of HDFC And HDFC Bank Effective From July 1: Chairman Deepak Parekh

Press Trust of India | Tuesday June 27, 2023, Mumbai

The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC Chairman Deepak Parekh said today.

Sensex, Nifty Climb In Early Trade After Falling In 2 Previous Sessions

Sensex, Nifty Climb In Early Trade After Falling In 2 Previous Sessions

Press Trust of India | Monday June 26, 2023, Mumbai

Equity benchmark indices gained in early trade on Monday after falling in the previous two trading sessions, amid buying in index heavyweights ITC, ICICI Bank and Infosys.

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