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GST 1st Anniversary: Industrialists express blues

GST 1st Anniversary: Industrialists express blues

Jalandhar – A year ago, Goods and Services Tax (GST) was initiated by special midnight session of Parliament to rope in complex taxation system of India. Today on July 1, the government is set to celebrate first anniversary of GST, but small and medium industrialists are still longing for rectification of loopholes they are suffering

India's external debt rises over $529 bn

India’s external debt rises over $529 bn

Mumbai (IANS) – India’s total external debt for the quarter ended March 2018 rose on a year-on-year basis by over 12 per cent to $529.7 billion, official data showed on Friday. According to the RBI, external debt rose to $529.7 billion from $471.3 billion reported for the corresponding period of 2017, on the back of

Rupee touches all time low, crosses 69 per dollar mark

Rupee touches all time low, crosses 69 per dollar mark

Mumbai(IANS) – The Indian rupee touched an all-time low and breached the 69 per dollar mark on Thursday due to high crude oil prices and weak macro-economic fundamentals.At 2.44 p.m., rupee was at 68.92 against the previous closing level of 68.61 per greenback. The rupee’s last record low was 68.87 per dollar, hit on November

GST evasion of Rs. 2000rc unearthed in 2 months

GST evasion of Rs. 2000rc unearthed in 2 months

NEW DELHI: The GST investigation wing has detected tax evasion of over Rs 2,000 crore in two months, and data analysis reveals that only 1 per cent of over 1.11 crore registered businesses pay 80 per cent of the taxes, a senior official said on Wednesday. CBIC member John Joseph said alike small businesses who

Gold rises on jewellers' buying, silver falls

Gold rises on jewellers’ buying, silver falls

New Delhi (PTI) – Gold gained Rs 50 to close at Rs 31,650 per ten gram at the bullion market today on persistent buying by local jewellers despite a weak trend overseas. Silver however fell by Rs 100 to Rs 40,900 per kg on reduced offtake by industrial units and coin makers. Traders said continued

Monsoon, crude prices, geopolitics to drive market

Monsoon, crude prices, geopolitics to drive market

NEW DELHI: The Indian equity market may witness volatility this week, tracking global cues in view of the ongoing trade spat between the US and China, crude oil prices, and progress of monsoon, say experts. “Progress of monsoon is critical for market movement. Any easing of trade tensions between the US and China would be

Parliament winter session 2017: Day Fifth

Parliament winter session 2017:  The Rajya Sabha was adjourned till 2 p.m. on Thursday after Congress leaders created pandemonium over Prime Minister Narendra Modi’s remarks against his predecessor Manmohan Singh and also due to the 2G verdict. Soon after the House met for the day, Chairman M. Venkaiah Naidu asked the members to lay the papers

Delhi court acquits all accused in 2G case

A Delhi court on Thursday acquitted all the accused in the alleged multi-thousand crore rupee 2G spectrum scandal. Special Judge O.P. Saini acquitted all the accused, including then Telecom Minister A. Raja and DMK MP Kanimohi, in both the cases filed by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED). The alleged scam