BUSINESS AWAAZ

State FMs to meet on Sept 15 to finalise model GST rules

AMN / Empowered Committee of State Finance Ministers will meet on September 15 to finalise the model legislations that have to be approved by state legislatures for roll out of the Goods and Services Tax (GST). The panel is headed by Kerala Finance Minister K M Mani. The two legislations Central GST (CGST) and State … Continue reading State FMs to meet on Sept 15 to finalise model GST rules

IT Department to send refunds in 7 days

The Income Tax Department will now process and send refunds in a short time of 7 to 10 days as its latest technology upgrade of electronic and Aadhaar-based Income Tax Return verification has begun on a successful note. The department’s latest initiative to verify an ITR by Aadhaar or other bank database has received positive … Continue reading IT Department to send refunds in 7 days

FSSAI proposes ban on sale of nutraceuticals as medicines

Food Safety and Standards Authority of India, FSSAI has proposed a ban on the sale of health supplement products as medicines. Under the draft regulations published in official gazette, the FSSAI said, the companies cannot claim that their nutraceuticals and health supplement products are of therapeutic and curative value. Every package of food or health … Continue reading FSSAI proposes ban on sale of nutraceuticals as medicines

FIs pull out Rs 7,000 Cr from capital markets in 2 weeks

Foreign investors have pulled out nearly 7,000 crore rupees from the capital markets in about two weeks mainly on account of a combination of global and domestic issues. Foreign portfolio investors withdrew a net sum of 6,109 crore rupees from equities, while they pulled out 773 crore rupees from the debt markets during September 1 … Continue reading FIs pull out Rs 7,000 Cr from capital markets in 2 weeks

India, US to increase bilateral trade to 500 billion dollar: Jaitley

AMN / India’s Finance Minister Arun Jaitley today invited US businesses to take advantage of the huge investment opportunity in the infrastructure sector in India and raise bilateral trade to 500 billion US dollars. Presently, the trade between the two countries stands at 100 billion dollars. Addressing the 11th Indo-US Economic Summit in New Delhi, … Continue reading India, US to increase bilateral trade to 500 billion dollar: Jaitley

WPI inflation falls to 4.95 % in Aug

AMN / The Wholesale Price Index (WPI) inflation fell for the tenth straight month, plunging to a historic low of minus 4.95 percent in August on cheaper fuel and vegetables. The WPI inflation was minus 4.05 per cent in July. It has been in the negative zone since November 2014. As per official data released … Continue reading WPI inflation falls to 4.95 % in Aug

India ready to deal with US interest rate hike: Fin Min

Economic Affairs Secretary Shaktikanta Das has said the government and RBI are prepared for all eventualities in case of a possible rate hike by US Federal Reserve. Speaking at a function in New Delhi, Mr Das said US administration will do it in a calibrated and cautious manner so that it doesn’t affect other economies … Continue reading India ready to deal with US interest rate hike: Fin Min

RBI cancels certificate of Sahara India Financial Corporation as NBFC

Reserve Bank has cancelled the certificate of registration of the Sahara India Financial Corporation as Non-bank financial company, NBFC. In a statement on Monday, RBI said that the registration of the Lucknow-headquartered NBFC stands cancelled with effect from 3rd of September. It said, following the cancellation of registration certificate, the company cannot transact business as … Continue reading RBI cancels certificate of Sahara India Financial Corporation as NBFC

India’s Exports dip for 9th month in a row; Decline 20.7% in Aug

Contracting for the ninth straight month, the country’s exports plunged 20.7 per cent in August this year, to 21.3 billion dollars. The export slump was due to the global economic slowdown, and falling commodity prices. According to Commerce Ministry data, imports declined almost 10 per cent in August, to 33.7 billion dollars. And the trade … Continue reading India’s Exports dip for 9th month in a row; Decline 20.7% in Aug

Govt approves scheme to provide urban facilities in rural areas

TIA NEWS / The Union Cabinet today approved a scheme to transform rural areas into economically, socially and physically sustainable spaces. Named as Shyama Prasad Mookerjee Rurban Mission, SPMRM, the government has earmarked over Rs 5,000 crore for this scheme to drive economic, social and infrastructure development in rural areas. Addressing the media after Cabinet … Continue reading Govt approves scheme to provide urban facilities in rural areas

Watan – A patriotic Song by DD

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ART & CULTURE

Bangladeshi novelist Rizia Rahman passes away

AMN Renowned Bangladeshi novelist and the Ekushey Padak winning author Rizia Rahman passed away today in D ...

International Urdu Day Awards announced

  Staff Reporter / NEW DELHI The annual International Urdu Day Awards have been announced. ...

SPORTS

SPORTS: Bajrang Punia, Deepa Malik to get Khel Ratna, 19 others nominated for Arjuna Awards

Harpal Singh Bedi / New Delhi Asian and Commonwealth Games gold medallist wrestler, Bajrang Punia and Paral ...

Squash: Top seed Yash, unseeded Neel make quarters

Mumbai Top seed Yash Fadte of Goa scored a clinical 11-4, 11-4, 11-7 win over Shivamraaj Gulati of Chandig ...

Shooting: Flop show by Indian Trap shooters at Lahiri Shotgun World Cup

Harpal Singh Bedi New Delhi, 17 August It turned out to be a flop show for the Indian trap shooters as Ky ...

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MARQUEE

1 Kg Of Rare Assam Tea Sold For Rs. 70,500

AMN / GUWAHATI A rare variety of tea in Assam was auctioned for Rs. 70, 501 a kg at the Guwahati Tea Auctio ...

Tea at Rs 50,000 per kg in Assam

AMN / GUWAHATI Believe it or not a special variety of Assam tea was sold for Rs 50,000 per kg at the Guwa ...

CINEMA /TV/ ART

Veteran actor Vidya Sinha dies at 71

AMN Veteran actor Vidya Sinha died in Mumbai on Thursday morning after suffering from lung and heart disord ...

Ayushmann Khurrana, Vicky Kaushal bag National Film Award for best actor

AMN Bollywood stars Ayushmann Khurrana and Vicky Kaushal have jointly bagged the National Film Award for be ...

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