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GST Council Meeting 2021: Finance Minister chaired the 44th GST Council virtually The concessional rate of goods and services tax (GST) applicable on the COVID-related essential items will be valid September 30, 2021, said the Ministry of Finance. On Saturday, June 12, the GST Council, chaired by Finance Minister Nirmala Sitharaman, …

Adani Total Gas, Adani Power, and Adani Transmission fell by 5% daily limit on Tuesday Confusion over three Mauritius-based funds that whipsawed shares of companies controlled by billionaire Gautam Adani this week has underscored a deeper risk for investors in such stocks owned by opaque entities. Shares of Adani’s firms nosedived …

Trade Deficit in May 2021: Trade deficit widened to $6.28 billion last month The country’s trade deficit in goods widened to $6.28 billion in May 2021, from $3.15 billion during the corresponding period last year, according to government data released on Tuesday, June 15. Merchandise exports jumped 69.35 per cent in May …

Wheat procurement during the current season has hit an all-time high Wheat procurement during the ongoing Rabi marketing season 2021-22 has reached an all time high of over 425 metric tonnes, exceeding the previous high of 389.92 metric tonnes. It was 12 per cent more than the procurement made during …

India’s benchmark 10-year bond yield closed at its highest level in more than six weeks India’s benchmark 10-year bond yield closed at its highest level in more than six weeks while the rupee closed at a one-month low on the back of a much larger-than-expected surge in retail inflation in …

Aadhaar-PAN Linking Last Date June 30, 2021: Linking the two is compulsory to file income tax returns The government has set the last date for linking the Permanent Account Number (PAN) with the Aadhaar card as June 30, 2021. In case the PAN card is not linked with Aadhaar card, it is likely to …

Government aims to achieve 20 per cent ethanol blending with petrol by 2025 The Government aims to double ethanol distillation capacities to achieve the 20 per cent blending target by 2025. To enable this, sugar mills and distilleries have been asked to enhance their capacities. The NDA Government has set up the …

The Indian equity benchmarks traded at all-time highs on Tuesday, as declining COVID-19 infections prompted more parts of the country to open businesses, with sentiment aided by upbeat broader markets. The Sensex rose as much as 318 points to hit all-time high of 52,869.51 and Nifty 50 index climbed 90 …

RBI has suggested a regulatory framework for microfinance institutions To regulate the functioning of microfinance institutions (MFIs), the Reserve Bank of India (RBI) has suggested a new regulatory framework for these bodies, under which it has recommended that there should be no pre-payment penalty, no requirement of collateral and greater flexibility of …

RBI’s focus is on economic recovery in the aftermath of second wave of Covid pandemic The Reserve Bank of India is unlikely to react yet to multi-month high retail prices as economic recovery remains its prime focus amid the deadly second wave of the pandemic, according to two senior sources …