BUSINESS AWAAZ

Global Crude price of Indian Basket was $43.85/bbl on June 22

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$ 43.85 per barrel (bbl) on 22.06.2017. This was lower than the price of US$ 44.45 per bbl on previous publishing day of 21.06.2017. In rupee terms, the … Continue reading Global Crude price of Indian Basket was $43.85/bbl on June 22

Air India debt unsustainable, should go to private hands: Niti Aayog

Niti Aayog has said that debt level of Air India is unsustainable and it should be privatized. The Vice Chairman of Niti Aayog, Arvind Panagariya said this in an interview to a TV news channel, yesterday and recommended complete privatisation of the airline. He said government will decide in next six months on the airline’s … Continue reading Air India debt unsustainable, should go to private hands: Niti Aayog

GST to lower overall tax burden over time: RBI governor

AMN Reserve Bank of India Governor Mr. Urjit Patel today expressed optimism that GST would eventually reduce taxes and inefficiencies within states and broaden the tax base making it an important part of digital revolution. He was speaking at a panel organized at the IMC’s 9th Banking and Financial Services Conference in Mumbai on Thursday … Continue reading GST to lower overall tax burden over time: RBI governor

RBI reconstitutes Oversight Committee; appoints 3 more members

AMN The Reserve Bank of India, RBI on Thursday reconstituted the Oversight Committee by appointing three more members. The high-level panel was formed to examine the process to resolve mounting bad loans in the banking sector. The RBI said in a statement issued from Mumbai today that former chief vigilance commissioner Pradeep Kumar will head … Continue reading RBI reconstitutes Oversight Committee; appoints 3 more members

GST registration for Service Tax, Excise, VAT to reopen on June 25th

Government has said a new window for registration for Goods and Services Tax for excise, service tax and VAT payers will reopen on June 25th. Talking to media, Revenue Secretary Hasmukh Adhia said traders and businessmen can enroll themselves on GSTN website. Two rounds of registration have already taken place. 80 percent of the 80 … Continue reading GST registration for Service Tax, Excise, VAT to reopen on June 25th

Global Crude oil price of Indian Basket was $44.45/bbl on June 21

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$ 44.45 per barrel (bbl) on 21.06.2017. This was lower than the price of US$ 45.29 per bbl on previous publishing day of 20.06.2017. In rupee terms, the … Continue reading Global Crude oil price of Indian Basket was $44.45/bbl on June 21

SEBI relaxes norms for banks to take over stressed assets of listed companies

AMN Capital markets regulator, SEBI on Wednesday relaxed take over norms for acquisition of stressed assets of listed companies to help the government and the RBI in their efforts to tackle bad loans. SEBI Chairman Ajay Tyagi said this after a board meeting in Mumbai, on Wednesday. SEBI’s board also approved a proposal to tighten … Continue reading SEBI relaxes norms for banks to take over stressed assets of listed companies

Govt asks banks to deposit junked notes at RBI by July 20

AMN / The government has permitted banks and post offices to deposit junked Rs 500 and Rs 1,000 notes with the Reserve Bank by July 20. This is the second window the government has provided to banks, post offices and cooperative banks for depositing the junked notes with RBI. The earlier window was open till … Continue reading Govt asks banks to deposit junked notes at RBI by July 20

Global Crude oil price of Indian Basket was $ 45.29/bbl on June 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$ 45.29 per barrel (bbl) on 20.06.2017. This was lower than the price of US$ 45.84 per bbl on previous publishing day of 19.06.2017. In rupee terms, the … Continue reading Global Crude oil price of Indian Basket was $ 45.29/bbl on June 20

Govt not to blink on rolling out GST from July 1: Jaitely

AMN Finance Minister Arun Jaitley has said that the government will not blink on rolling out the Goods and Services Tax from first of July and the new tax measure will be officially launched on midnight of 30th of this month. Talking to media persons New Delhi yesterday, Mr Jaitley said the launch function will … Continue reading Govt not to blink on rolling out GST from July 1: Jaitely

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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 ...