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Mon, Sep 21, 2020

  • With 21 states expressing their preference for the Borrowing Option-1 proposed by the Centre to meet the GST compensation needs of states this year, decks have been cleared for the GST Council to...
    GST compensation: 1st option set to get nod with 21 states on board
    Finance Ministry sources said that GST Council, as per the GST Act, needs only 20 states to pass any resolution, in case voting is required on any issue. With 21 on board with the first option, this could well be considered for adoption by the Council.Among the 21 states/UTs opting for first option on GST compensation are: Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Puducherry, Sikkim, Tripura, Uttarakhand and Uttar Pradesh.Manipur, the only state which had earlier chosen Option-2, later preferred to change it to Option-1.A few more states are, also, to give their borrowing option in a day or two.However, states like Jharkhand, Kerala, Maharashtra, Delhi, Punjab, Rajasthan, Tamil Nadu, Telangana, and...
  • Over 19,800 cases were pending before NCLT till July 31 Over 19,800 cases were pending before NCLT till July 31

    As many as 19,844 cases were pending before the National Company Law Tribunal (NCLT) as on July 31 this year and majority of them were under the insolvency law, according to the corporate affairs...

  • Govt collects Rs 84,023 cr non-tax revenue in FY21 so far Govt collects Rs 84,023 cr non-tax revenue in FY21 so far

    The central government has so far collected non-tax revenue of Rs 84,023.78 crore during the ongoing financial year, Minister of State for Finance Anurag Singh Thakur said on Sunday.

  • COVID-19 impact: Yamaha expects India sales to be 10-year low in 2020 COVID-19 impact: Yamaha expects India sales to be 10-year low in 2020

    Two-wheeler major Yamaha Motor on Sunday said it estimates sales in the Indian market to be the lowest in a decade in 2020 because of drastic fall in consumer's buying sentiment due to COVID-19...

  • Liquidity package: Rs 70,590 cr in loans sanctioned to discoms Liquidity package: Rs 70,590 cr in loans sanctioned to discoms

    Loans totalling Rs 70,590 crore have been sanctioned so far to power distribution companies (discom) out of the Rs 90,000-crore liquidity package announced by the Centre, Union Power Minister RK Singh...

  • Vistara CEO says no layoffs, salary cuts to be reviewed in Jan 2021 Vistara CEO says no layoffs, salary cuts to be reviewed in Jan 2021

    Vistara, which has implemented various cost-saving measures amid the,coronavirus pandemic, will review salary cuts in January but has not laid off any of its nearly 4,000 employees, according to the...

  • PSBs report frauds worth over Rs 19,964 cr in Apr-Jun, says RBI PSBs report frauds worth over Rs 19,964 cr in Apr-Jun, says RBI

    Public sector banks (PSBs) reported frauds worth over Rs 19,964 crore in total 2,867 cases during the April-June quarter of the ongoing fiscal year, according to a reply to an RTI query.

  • Stock trading via mobile phones grows during lockdown Stock trading via mobile phones grows during lockdown

    As more and more retail investors flocked to equity markets, trading in stocks through mobile phones surged during the coronavirus-induced lockdown, brokerage houses said. Going forward, the trend of...

  • India must continue long-term investment in health infra: WEF president India must continue long-term investment in health infra: WEF president

    India must continue long-term investment in health infrastructure and ensure regular health services despite the coronavirus crisis hitting the economic prospects, World Economic Forum President Borge...

  • Hyundai expects sales to remain robust with Creta, Venue leading charge Hyundai expects sales to remain robust with Creta, Venue leading charge

    Hyundai Motor India expects its sales to further pick up in the next few months with few of its models continuing to lead in various segments during April-August period of the current fiscal year, a...