GST mop-up in March at Rs 97,597 cr

GST mop-up in March at Rs 97,597 cr

Wednesday, 01 April 2020 | PTI | New Delhi

Goods and Services Tax (GST) revenue in March stood at Rs 97,597 crore, lower than over Rs 1.05 lakh crore collected in February. Of the total Rs 97,597 crore revenue, the central GST stood at Rs 19,183 crore, state GST at Rs 25,601 crore and integrated GST at Rs 44,508 crore,...

Jio offers 100 minutes of free talktime, 100 free SMS to help poor in lockdown

Wednesday, 01 April 2020 | PTI | New Delhi

Mukesh Ambani’s Reliance Jio on Tuesday offered its users 100 minutes of free talktime and 100 free SMS till April 17, 10-times more than its rival have offered as help to the distressed during nationwide lockdown. All JioPhone users will continue to receive incoming calls post validity of their pre-paid vouchers...

SpiceJet to cut up to 30% salary of employees in March

Wednesday, 01 April 2020 | Mumbai | PTI

Budget carrier SpiceJet has decided to cut up to 30 per cent salary of its employees in March with Chairman Ajay Singh opting for highest 30 per cent trimming in compensation, the airline said in an e-mail communication to the staff on Tuesday. Moreover, the employees will also be treated as...

Rs settles the day on steady note, logs over 9% drop in FY’20

Wednesday, 01 April 2020 | PTI | Mumbai

The Indian rupee on Tuesday ended on a flat note at 75.60 against the US dollar but logged a massive 9.36 per cent loss or 646 paise during the 2019-20 fiscal, mostly due to weakened sentiment in the wake of Covid-19 outbreak. At close on Tuesday, the domestic currency was quoted...

PTI

Wednesday, 01 April 2020 | AFP | Washington

The International Monetary Fund (IMF) said on Tuesday its members have agreed to renew arrangements ensuring the fund has lending firepower, especially as the coronavirus pandemic creates a demand for financing. “This action is part of a broader package on IMF resources and governance reform that will help maintain the IMF’s...

Retailers seek RBI intervention as banks unwilling to extend debt moratorium to borrowers

Wednesday, 01 April 2020 | PTI | Mumbai

The Retailers Association of India on Tuesday complained that banks are unwilling to extend the three-month moratorium to borrowers even after four days of it being announced. The body sought RBI’s intervention to ensure that banks follow up on the announcement made by the central bank last Friday to protect the...

India’s retail trade incurred losses worth $30 billion last fortnight due to coronavirus: CAIT

Wednesday, 01 April 2020 | PTI | New Delhi

Traders’ body CAIT on Tuesday said India’s retail trade has incurred a whopping loss of USD 30 billion in the last fortnight alone due to the coronavirus pandemic. According to the Confederation of All India Traders (CAIT), the country’s retail sector comprising 70 million small medium and big traders employing 450...

Foreign trade policy extended for one year till March 2021

Wednesday, 01 April 2020 | PTI | New Delhi

The Government on Tuesday extended the existing foreign trade policy (2015-20) for one year till March 2021 amid coronavirus outbreak and the lockdown to contain the virus spread. “The existing foreign trade policy 2015-20 which is valid up to March 31 this year is extended up to March 31, 2021....

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