BUSINESS AWAAZ

Global oil price of Indian Basket was US$ 48.45/bbl on July 20

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 48.45 per barrel (bbl) on 20.07.2017. This was higher than the price of US$ 47.74 per bbl on previous publishing day of 19.07.2017. In rupee terms, the … Continue reading Global oil price of Indian Basket was US$ 48.45/bbl on July 20

No bank account made in-operational due to non-submission of Aadhaar: Jaitley

AMN The Finance Minister Arun Jaitley has said that no bank account of any customer has been made in-operational due to non-submission of Aadhaar number as on date.This was disclosed by Finance Minister Arun Jaitley in a written reply in Lok Sabha today during the question hour. He has said that there is no need … Continue reading No bank account made in-operational due to non-submission of Aadhaar: Jaitley

Crude price of Indian Basket was US$ 47.74/bbl on July 19

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.74 per barrel (bbl) on 19.07.2017. This was higher than the price of US$ 47.36 per bbl on previous publishing day of 18.07.2017. In rupee terms, the … Continue reading Crude price of Indian Basket was US$ 47.74/bbl on July 19

Centre asks State govts to set up insurance companies for crop scheme

AMN The Centre has asked the state governments to set up their own insurance companies for better implementation of the crop insurance scheme and warned the existing insurers of strict action in case of irregularities. Replying to a debate on agrarian crisis in the Lok Sabha, Agriculture Minister Radha Mohan Singh said there are implementation … Continue reading Centre asks State govts to set up insurance companies for crop scheme

Cabinet approves sale of govt’s stake in Hindustan Petroleum to ONGC

AMN Union Cabinet today approved sale of government’s stake in Hindustan Petroleum Corpration Ltd (HPCL) to Oil and Natural Gas Corporation (ONGC). It will fetch 30 thousand crore rupees. Highly placed sources said the Cabinet has given in-principle approval in this regard. Sources also said the ONGC will buy government’s 51.11 per cent stake in … Continue reading Cabinet approves sale of govt’s stake in Hindustan Petroleum to ONGC

Union Cabinet clears draft bill to replace ordinances to introduce GST in J&K

Union Cabinet today approved a draft bill to replace ordinances that were promulgated to introduce the Goods and Services Tax (GST) in Jammu and Kashmir. Earlier this month, the Centre had promulgated ordinances to make the Central GST and Integrated GST, which deals with inter-state commerce, applicable to the state. The bill will be introduced … Continue reading Union Cabinet clears draft bill to replace ordinances to introduce GST in J&K

India’s GDP could rise to $8 trillion in 15 yrs: NITI Aayog vice-chairman

NITI Aayog Vice Chairman Arvind Panagariya has said, India’s GDP could rise to about 8 trillion dollars over the next 15 years if the country registers an economic growth of 8 per cent annually. He said, with that level of economic growth, living standards and amenities that are taken for granted in the west will … Continue reading India’s GDP could rise to $8 trillion in 15 yrs: NITI Aayog vice-chairman

Global oil price of Indian Basket was $ 47.31/bbl on July 14

AMN The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.31 per barrel (bbl) on 14.07.2017. This was higher than the price of US$ 46.55 per bbl on previous publishing day of 13.07.2017. In rupee terms, … Continue reading Global oil price of Indian Basket was $ 47.31/bbl on July 14

GST Council to take stock of implementation of new tax regime

AMN Over two weeks into the Goods and Services Tax regime, the GST Council will meet today in New Delhi, to take stock of the implementation of the new tax regime. This will be the first meeting of the Council since the launch of the GST on 1st of this month. Under the chairmanship of … Continue reading GST Council to take stock of implementation of new tax regime

Misunderstandings are being spread against GST: Jaitley

  AMN / Ludhiana Union Finance minister Mr Arun Jaitley said that The Goods and Services Tax(GST) is very simple and several misunderstandings are being spread about this new system. Those who follow the law will not be called to office for assessment under this system. For them everything including the returns and assessment orders … Continue reading Misunderstandings are being spread against GST: Jaitley

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OPEN HOUSE

Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...