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    Chinese goods worth Rs 20K Cr lying at ports

    Inflow of Chinese goods could see a rise in the October-December quarter as items worth about Rs 20,000 crore -- primarily comprising electronics and electrical items, gifts, toys, footwear, home and kitchen appliances -- still lie at the Indian ports waiting for clearance.The traders and importers who had placed their orders in November and December last year are yet to receive a chunk of their...

    • 21 hrs ago
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    Govt to mull legal remedies in Vodafone's arbitration after studying verdict

    The Centre will take a decision on further course of action including legal remedies among other options after studying the award and consulting with its counsels after Vodafone won the case against India over a retrospective tax demand of more than Rs 20,000 crore The Permanent Court of Arbitration (PCA) at The Hague.

    • 21 hrs ago
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    Appointments Committee of Cabinet's nod to SAIL board rejig

    In a bid to bring in decentralisation and better decision- making in the state-run Steel Authority of India Ltd (SAIL), the Appointments Committee of the Cabinet (ACC) has approved the restructuring of the company board.An official statement said on Friday that the four posts of the Chief Executive Officers of Integrated Steel Plants of SAIL will be elevated as Functional Directors, by...

    • 21 hrs ago
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    Diesel price falls again after 2-day pause, no relief on petrol

    Diesel price continued to decline on Friday after a two-day pause as the product prices fell globally while crude prices remained steady.Oil marketing companies, however, kept petrol prices unchanged for the third consecutive day.In the national capital, diesel price fell by 18 paisa per litre to Rs 71.10 a litre down from Rs 71.28 per litre on Thursday. The petrol price remained...

    • 21 hrs ago
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    Value buying, global cues break market's losing streak

    A relief rally, backed up by bargain hunting and positive global cues, lifted the Indian stock market on Friday.The upmove lifted S&P BSE Sensex by over 800 points, ending the six-day losing streak.Similarly, the Nifty50 of the National Stock Exchange rose to close near the psychological 11,000 mark.

    • 21 hrs ago
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    CBDT launches faceless income tax appeals

    The Central Board of Direct Taxes (CBDT) on Friday launched the Centre's much-publicised reform measure of faceless income tax appeals.Under faceless appeals, all income tax appeals will be finalised online under the faceless ecosystem with the exception of appeals relating to serious frauds, major tax evasion, sensitive and search matters along with international tax and the Black Money Act.

    • 21 hrs ago
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    Credit shell facility can't be availed by travel agents: Centre

    The Supreme Court on Friday reserved its order on a plea seeking refund for airline tickets booked during the Covid-19 lockdown, after the Centre submitted that as per the "proposed formulation", the credit shell has to go to the account of the passenger, in whose name the ticket was issued.The credit shell cannot be a lump sum amount paid by the travel agents to the...

    • 21 hrs ago
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    Centre suspends fresh IBC proceedings till Dec

    In a major relief for stressed companies amid the pandemic woes, the Centre on Thursday announced the suspension of fresh insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) by three more months till December.In a gazette notification, the Ministry of Corporate Affairs (MCA) said that the suspension on operation of Section 7, 9 and 10 of the IBC has been extended.

    • 2 days ago
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    MF trustees can have officer for administrative help by Jan 1

    The Securities and Exchange Board of India (SEBI) has deferred, till January 1, 2021, the timeline for appointment of dedicated officers for administrative assistance to trustees in monitoring various activities of asset management companies (AMCs).Last month, the SEBI issued guidelines to provide administrative assistance to trustees in monitoring various activities of AMCs and asked...

    • 2 days ago
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    Govt plans InvIT model to monetise even regulated tariff assets of PGCIL

    The government proposes to expand the asset monetisation programme of transmission utility Power Grid Corporation by including even the Regulated Tariff Mechanism based assets for sale under the InvlT model.An InvIT is a pool of money collected from investors to run operational infrastructure projects in return for a regular yield to its unit holders.

    • 2 days ago

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