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    Finance Minister Sitharaman said- Center is not running from responsibility, GST Council will consider compensation for revenue loss

    New Delhi. Finance Minister Nirmala Sitharaman amid allegations of opposition withdrawing from the Center's own responsibility on the issue of Goods and Services Tax (GST) compensation to statesOn Friday, the Lok Sabha said that the GST Council will find a way out considering the compensation issue. He clarified...

    • 11 hrs ago
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    ED attached more than 45 crore assets of Karnataka Cooperative Bank

    New Delhi. The Enforcement Directorate (ED) has attached assets worth more than Rs 45 crore under the Prevention of Money Laundering Act in connection with the fraud of a cooperative bank in Karnataka . The ED gave its information on Friday. The agency said that it had issued a preliminary order under the Money Laundering Prevention Act (PMLA) to attach the bank's movable assets...

    • 11 hrs ago
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    Faceless assessment process will be started for 8 processes of income tax, know what benefits will be available

    New Delhi. The government proposes to introduce faceless assessments for all procedures under the Income Tax Act . This includes tax collection, collection and collection of information etc. In faceless procedure, tax assessment of taxpayer of any area is done in any income tax office across the country. For example, the tax assessment...

    • 11 hrs ago
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    Export of onion consignments stuck at port can be approved: Sources

    Kolkata. Stops of onion at ports may be exempted from export restrictions. Sources in the Directorate General of Foreign Trade (DGFT) informed this on Friday. Sources said that DGFT has probably given instructions to the customs department to approve the cargo which has reached the port. However, no such instruction has been given for stranded cargo on the way. However, there is...

    • 11 hrs ago
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    BMW's new model R18 cruiser bike launched in India, know the price and features

    New Delhi. BMW Motorad , a two-wheeler unit of German luxury car company BMW , has landed in the cruiser bike market in India. The company has introduced its completely new R18 motorcycle model in the Indian market. The BMW R18 is offered in two versions. Their showroom prices are Rs 18.9 lakh and Rs 21.9 lakh respectively. The company said in a statement on Saturday...

    • 11 hrs ago
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    Fitch Solutions estimates India's fuel demand to fall by 11.5 percent in 2020

    New Delhi. Fitch Solutions estimates that India's fuel demand will decline by 11.5 percent in 2020 . With the country's economic outlook further weakening, Fitch Solutions has raised its estimate of a drop in fuel demand. Economists at Fitch Solutions estimate that India's real gross domestic product (GDP) will decline by 8.6 percent in 2020-21. It previously projected...

    • 11 hrs ago
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    IBC bill passed in Rajya Sabha, now insolvency action will be taken against companies, guarantors

    New Delhi. Finance Minister Nirmala Sitharaman said on Saturday that the Insolvency and Bankruptcy CodeUnder the (IBC), insolvency action can be taken against the companies defaulting in loan payments and personal guarantors. Sitharaman said this while replying to the discussion in the Rajya Sabha on the Insolvency and Bankruptcy Disability Code...

    • 11 hrs ago
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    China opposes US ban of Tik Tok and We Chat, warns of retaliation

    Beijing China has strongly opposed the US move to stop downloading WeChat and TicketLock apps . He also warned of retaliation to protect the interests of Chinese companies. The US on Friday issued an order banning popular Chinese social media apps TicTalk and WeChat in view of national security. A few weeks earlier, India had also banned many of China's apps for the sovereignty,...

    • 11 hrs ago
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    NITI Aayog and ISPP join hands for capacity building

    New Delhi. NITI Aayog and Indian School of Public Policy (ISPP) have joined hands for training, advice and capacity building of government officials and government policy experts. It was informed in a statement. The statement said that the Commission's Development Monitoring and Evaluation Office (DMEO) has signed an agreement to this effect with the ISPP to cooperate on accelerating the use of...

    • 11 hrs ago
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    Khadi name being used illegally, under pressure from KVIC, these companies removed fake Khadi products

    New Delhi. With the efforts of Khadi and Village Industries Commission (KVIC), Amazon, Flipkart, Snapdeal and other e-commerce companies have removed more than 160 web links selling 'Khadi' brand names from their platform. KVIC gave this information on Saturday. KVIC had issued legal notices to around 1,000 companies selling their products under...

    • 11 hrs ago

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