BUSINESS
Entire Rs 16,982 cr GST compensation cess to states to be cleared: FM
She said this while addressing a press conference soon after the 49th meeting of the GST Council ended. She also informed that Rs 16,524 crore to six states which have submitted the accountant general's (AG) certificate will also be released. Delhi, Tamil Nadu and Telangana are among the six states which have submitted AG certificates.
India furthering G7 policy by driving hard bargain with Russia to get lowest oil price: US
In an exclusive interview with news agency PTI, Pyatt said that India's actions in driving a hard bargain with Russia to procure crude oil at the lowest possible price are furthering the policy of the G7 nations to reduce Russian oil revenues. Pyatt said that the Biden administration is comfortable with New Delhi's stance on energy security and stressed that there is going to be no return to business as usual with Russia as long as President Vladimir Putin continues on his current path of aggression.
A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5%
Marking a successful year of CEPA signing, a Special Business Event was organised by the Federation of Indian Chambers of Commerce & Industry (FICCI) in association with the Embassy of India, Abu Dhabi, Consulate General of India, Dubai and Dubai Chambers on Friday here. The event was attended by more than 200 leading businesses from India and the UAE.
SC stays over Rs 800 crore penalty imposed on beer companies for cartelisation
A bench of Justices Vikram Nath and Dipankar Datta issued the interim stay on a clutch of appeals filed by the companies and some individuals against the NCLAT order that had refused to interfere with the penalty imposed by the CCI in 2021. In September 2021, the CCI found UBL, , SABMiller India Ltd (now renamed Anheuser Busch InBev India Ltd.), Carlsberg India Private Ltd.
RBI issues draft rules for lending, borrowing of govt securities
The central bank had first announced the borrowing and lending of government securities earlier this month, while announcing monetary policy. RBI Governor Shaktikanta Das on February 8 proposed the borrowing and lending of government securities to improve liquidity and price discovery in the securities market. This will provide investors an avenue to deploy their ideal securities.
India's forex reserves post biggest weekly fall in 11 months
According to data released by RBI on Friday, the reserves are at their lowest level since January 6, 2023. The fall for the second straight week was mainly due to a decline in the foreign currency assets, which dropped $7.1 billion to $500.59 billion. In the week ended February 10, the rupee lost 0.8 per cent to close at 82.51 per dollar as US jobs data.
Yellen to attend G20 finance ministers meet; will highlight Russia invasion fallout
While she will be in Bengaluru for the meeting that runs from Wednesday to Saturday at the Nandi Hills resort, the Treasury Department said on Friday that she will also hold a roundtable with US and Indian tech executives and meet with Finance Minister Nirmala Sitharaman and UK's Chancellor of the Exchequer Jeremy Hunt. The first ministerial event of the G20.
'Committee should examine truthfulness of Hindenburg report', Centre to SC
The government said in view of the unprecedented financial loss suffered by the investors and in view of the complexities involved in the subject which requires urgent consideration, a fact-finding exercise requires to be undertaken as a one-time measure and a committee can be constituted with a former judge of the Supreme Court as its head.
Fund allocation for MGNREGA has not gone down: Nirmala Sitharaman
Addressing a post-budget press conference here, Sitharaman said: "Budget time allocation is one thing... and the scheme itself is a demand-driven scheme, as and when demand increases, we provide funds for it. This has been done in the past years since 2014."
Tax discrepancies found during survey at BBC premises, says I-T Department
During the course of the "survey", the department gathered evidence pertaining to the operation of the organisation (BBC) which indicate that tax has not been paid on certain remittances, which have not been disclosed as income in India by foreign entities of the group. it said.
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