CALCUTTA: Minister of Finance of West Bengal Amit Mitra on Sunday he said the Center’s suggestion to states to borrow to cover the shortfall in income from Tax on goods and services (GST) is “totally unacceptable” as it would destroy their financial health and lead to the “raw power of …
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NEW DELHI: On Saturday, the Center circulated two options for states to borrow and comply with GST deficit, which will be reimbursed through an extension of the compensation cut beyond the June 2022 deadline. The proposal, however, did not find support from all states. Most of the states not governed …
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NEW DELHI / MUMBAI: Ten days after it bought a majority stake in online pharmacy retailer Netmeds, Reliance Industries Ltd (RIL) said on Saturday it had sealed a deal to acquire the Future Group’s retail business, which was in trouble for 24,713 million rupees. The transaction, which has been in …
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NEW DELHI: In another action against Chinese citizens and applications hosted in China, the Enforcement Directorate has seized Rs 47 million in HSBC bank accounts following raids on 15 facilities spread across Delhi, Gurgaon, Mumbai and Pune on Friday in a case involving illegal online gambling and dating apps. Chinese …
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NEW DELHI: Senior Congress Leader P Chidambaram on saturday i took a look at the finance minister Nirmala Sitharaman on his ‘Act of God’ comments on the economy, saying that “the FM as the Messenger of God” will answer how the “mismanagement” of the economy before the coronavirus pandemic should …
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NEW DELHI: The Ministry of Finance on Saturday presented the details of the two borrowing options presented to the states under which they can borrow money to make up for the shortfall of Rs 2.35 crore in GST (Goods and Services Tax) revenue expected in the ongoing fiscal . The …
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NEW DELHI: The world Bank it has said it is pausing the publication of the Doing Business report, which ranks countries based on their business competitiveness, pending investigation of a “series of irregularities” in its 2018 and 2020 surveys. Stating that the integrity and fairness of its data and analysis …
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NEW DELHI: Dinesh Kumar Khara, Managing Director of the State Bank of India, couldn’t have asked for a better birthday present. The day he turned 59 the Bureau of the Bank Board, the selection panel for the best positions in the state lenders, recommended Khara as their first choice candidate …
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(Representative image) NEW DELHI: On Friday, the Supreme Court struck down an order from the National Green Court (NGT) ordering that vehicles not meeting Pollution Controlled Standards (PUC) in Madhya Pradesh would not receive gasoline at gas stations. A bank made up of Judges Arun Mishra and Indira Banerjee said …
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[ad_1] NEW DELHI: The Union Cabinet on Wednesday approved additional funding of up to rs 3 lakh crore at a concessional rate of 9.25 per cent through the Line Of Emergency Credit Guarantee System Of (ECLGS) for the MSME sector hard hit by the coronavirus of the crisis. The ECLGS …
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