Cabinet approves setting up of 15th Finance Commission
AMN /New Delhi The Union Cabinet on Wednesday approved the setting up of 15thFinance Commission. The decision to this effect was taken at a cabinet meeting chaired by Prime Minister…
Govt Constitutes Panel to Re-draft Tax Law
After the new tax regime of the GST, the Modi government has formed a task force to draft a new Direct Tax law to meet the contemporary economic needs of…
SC asks Jaypee Associates to pay another Rs. 275 crores by December 31
New Delhi The Supreme Court today asked the Jaypee Associates to deposit Rs. 275 crores – in two installments – by December 31 telling it to “behave like a good…
FMCG companies reduce prices to pass on benefits of GST to consumers
AMN Fast Moving Consumer Goods (FMCG) companies, including ITC, Dabur, Hindustan Unilever Limited and Marico, have said that they have cut prices of various products to pass on the benefits…
Logistics sector gets infrastructure status
AMN The Government has conferred infrastructure status to logistics sector. In a tweet, Economic Affairs Secretary Subhas Chandra Garg said, Government’s strong infrastructure push continues and the decision will help…
Pass on benefits of GST rate cuts to consumers: Finance Secretary
Union Finance Secretary Hasmukh Adhia has asked India Inc to pass on the benefits of Goods and Services rate cuts to the consumers. Talking to DD News, Mr Adhia yesterday…
Govt asks banks to prevent defaulters from buying stressed assets
AMN The Finance Ministry has asked banks to be vigilant to ensure that wilful defaulters are prevented from buying same stressed assets again. The move will ensure success of bankruptcy…
Centre hikes import duty on edible oils
AMN / NEW DELHI The Centre has raised import duty on crude palm oil to 30 per cent from 15 per cent and on refined oil to 40 per cent…
Moody’s Investors Service upgrades ratings of nine PSUs
AMN Moody’s Investors Service has upgraded ratings of nine state-owned firms. These are Bharat Petroleum Corp Ltd (BPCL), Hindustan Petroleum Corp Ltd (HPCL), Indian Oil Corp (IOC), Petronet LNG Ltd…
Rupee jumps against USD; Sensex, Nifty gain with Moody’s upgrade
AMN At the forex market, the rupee, appreciated strongly, after Moody’s upgrading of India’s credit rating, strengthening a good 38 paise, to 64.94 against the dollar in afternoon deals. The…