Economy

Mumbai:  The Indian benchmark indices opened the week with gains on Monday, as IT stocks led the rally after a potential rate cut in the US boosted investors' sentiment. The BSE Sensex gained 251.41 points, or 0.31 per cent to touch…
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Mumbai: Days after the State Bank of India (SBI) declared Reliance Communications’ (RCom) accounts as ‘fraud’, the Bank of India (BOI) has also classified the loan accounts of the company, its promoter Anil Ambani, and Reliance Telecom as…
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New Delhi: The 56th meeting of the GST Council, slated for September 3-4, will decide on the Group of Minister’s (GoM) proposal to retain two slabs — 5 per cent and 18 per cent. As per an official statement, the Council meeting comes…
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New Delhi: The National Highways Authority of India (NHAI) has sold over 5 lakh FASTag-based annual toll permits in just four days, collecting Rs 150 crore in revenue. Tamil Nadu recorded the highest number of purchases of annual passes…
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New Delhi:  The UPI transactions have expanded significantly and the average daily value has increased from Rs 75,743 crore in January to Rs 90,446 crore in August, with SBI as the top remitter member with 5.2 billion transactions, a report…
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New Delhi:  The Donald Trump administration may not impose secondary tariffs on India over purchasing Russian energy, as the US President said that Russia has already lost a key oil client. Speaking to Fox News aboard Air Force One en…
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New Delhi: The announcement of next-generation GST reforms as a “Diwali gift” is a major step towards improving tax efficiency, enhancing compliance, and simplifying processes, according to industry chambers. These reforms will not only…
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New Delhi:  Leading tax expert Ajay Rotti on Saturday welcomed the government's plan to overhaul the Goods and Services Tax (GST) structure, primarily into two tax slabs of 5 per cent and 18 per cent. The Central Government has mulled…
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New Delhi: The National Highways Authority of India (NHAI) has successfully implemented the ‘FASTag Annual Pass’ facility at about 1,150 toll plazas on National Highways and Expressways across the country. The annual pass has received an…
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New Delhi: India's annual rate of inflation based on the Wholesale Price Index (WPI) fell further in the negative zone to a two-year low of (-) 0.58 in July this year, compared to the same month of the previous year -- primarily due to a…
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