Maharashtra became the second state after Gujarat to cut Value Added Tax (VAT) on petrol and diesel bringing them down by ₹2 and ₹1 per litre respectively from Wednesday.
Cochin Shipyard Ltd (CSL) today said it has emerged as the lowest bidder for a project of the Indian Navy and the Rs 5,400 crore contract for eight vessels is likely to be concluded after due process
Union Home Minister Rajnath Singh on Monday said that anti-India forces are unable to digest the country’s growing economic strength and want to damage and weaken it. “India is emerging as the fastest growing (large) economy in the world. I can say that India is one among the top 10 economies of the world today,” Rajnath added.
Fireworks manufacturers from Tamil Nadu’s Sivakasi, who make around 85% of all firecrackers sold across India, have said the Supreme Court ban on the sale of firecrackers in Delhi-NCR will cost them(loss) ₹1000 crore.
“We’ve started seeing the upturn in economic growth ” RBI governer Urjit Patel on economic growth, inflation, liquidity and the one-year journey of the monetary policy committee, in his first interview to a newspaper since taking charge as RBI governor
Union minister Ravi Shankar Prasad on Saturday said that the GDP growth will bounce back in the second quarter as the macro fundamentals are strong.
While addressing a gathering in Gujarat’s Vadnagar, Prime Minister Narendra Modi said that the blessings of Lord Shiva have given him “strength to digest poison since 2001”. Visiting his hometown Vadnagar for the first time after assuming office, PM Modi further said, “Whatever I am today is due to the values I have learnt on this soil.”
The Enforcement Directorate, over the past three years, has attached Rs 3,017-crore worth of properties belonging to four chit funds operating in West Bengal, Assam and Odisha, raising hopes for the return of some of the deposits through value-unlocking of the impounded assets.
Now PAN card is not needed for jewellery purchase of over Rs 50,000 and government need not be informed on jewellery purchase of over Rs 50,000. The government has rescinded notification that extended provisions of the Prevention of Money Laundering Act, 2002, (PMLA) to jewellery purchases.
The GST council today announced major cuts in taxes of various items and announced various measures to support exporters and small businesses.