Tag: Economy news
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GSTN infra upgraded to handle up to 3 lakh users concurrently
(Riya Singh, Intern Journalist): GST Network’s infrastructure has been upgraded to handle up to 3 lakh logged-in users at a time, GSTN said on Sunday. Besides, the Goods and Services Tax Network (GSTN) has introduced auto-populated sales return form GSTR-3B in PDF form which will be available from October 2020 tax periods onwards. The complete…
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4 years after demonetization, cash continues to be used
(Riya Singh, Intern Journalist): Four years after demonetization, cash continues to be used for low-value transactions such as buying groceries and paying to domestic staff, according to the latest survey. In the past 12 months, among the top categories of purchases for which citizens paid the most amount in cash without a receipt were grocery…
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IRFC files IPO petition
(Anjali Shreya, Intern Journalist): Indian Railway Finance Corporation (IRFC) has filed a petition with market regulator Sebi for offering IPO. The company is about to sell 178 crore shares in the issue.According to the petition draft filed by the company, 1,782,069,000 shares will be offered in this issue. The government will sell 54.9 crore shares…
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Stock market: weak start, the impact of soft global signals
(Anjali Shreya, Intern Journalist): After Monday, the stock market opened with weakness on Tuesday, where selling in Reliance Industries and banking continued. The delay in relief packages in the US along with the fast-growing cases of corona across the world caused the market to collapse.At 9.30 am, the BSE Sensex was recorded at 40,039 with…
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Preparing to impose fees for withdrawing more than 5,000 rupees
(Pooja Dubey, Intern Journalist) In the coming days, you may have to pay an additional fee for withdrawing more than five thousand rupees from the ATM. This will not be included in your free five transactions, for which you will have to pay a separate amount. This will be applicable only when you withdraw more…
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RBI imposed a penalty of Rs 4.5 crore on IndusInd Bank
(Pooja Dubey, Intern Journalist) The Reserve Bank of India (RBI) has imposed a penalty of Rs 4.5 crore on IndusInd Bank. The bank was quick to follow some RBI instructions. The RBI, however, said that the validity of any transaction or agreement between the bank and the customer will be maintained as before. Last month, the RBI…
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New charge for traveling by flight
(Pooja Dubey, Intern Journalist) The country’s leading airline company IndiGo has imposed a new type of charge on passengers. The company said that from now on, if any passenger goes to the Indigo counter at the airport to check-in, then he will have to pay a charge of Rs 100. This move of the company is being…
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Will retailers be happy on Diwali?
(Pooja Dubey, Intern Journalist) It is a festive season, but the market is missing its charm. Delhi’s Chandni Chowk, Karol Bagh, Khan Market, and Kolkata’s New Market, Dharmatalla have heard everything. There are no customers in the market, no festive frills. If anything, the businessmen sitting in the hope of selling, and these traders are eagerly waiting for…
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Diesel sales exceeded the pre-Covid level for the first time
(Pooja Dubey, Intern Journalist) The impact of the festive season on major diesel fuel is visible. For the first time since the lockdown, diesel sales in the country crossed the pre-Covid level. According to official sources, in the first fortnight (15 days) of October, diesel sales increased by 9 percent to 2.65 million tonnes over the same…
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95 lakh pensioners took advantage of the scheme of the government
(Deepshikha Gautam, Intern Journalist) New Delhi: About 95 lakh people have taken advantage of the digital life certificate scheme launched by the central government for pensioners. The special thing is that during the Corona transition, the pensioners did not have to visit the offices to get this certificate. The biggest problem for pensioners remains to…