Business

While the Congress-led Punjab and Karnataka coalition government was thinking of reducing the VAT on petrol and diesel the BJP government of Rajasthan led by Vasundhara Raje, standing at the cusp of assembly elections, decided to reduce VAT on petrol and diesel. This decision of the government will provide relief in the price of oil up to 2 to 2.50 ...

DAINIK NATION BUREAU With Jet Airways delaying salaries of its pilots and engineers for the second consecutive month amid a severe financial crunch, its pilots have warned the management of “non-cooperation” over default on payments. The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting two back-to ...

Amazon India on Tuesday said its platform will also be available in Hindi, as the e-commerce major aims to bring the next 100 million shoppers online. The launch will enable shoppers in India to enjoy the ease and convenience of Amazon’s shopping experience in Hindi, Amazon India Vice President, Category Management Manish Tiwary told reporters in New Delhi.”Launch of the ...

There has been a marked improvement in the number of Income Tax Returns(ITRs) filed during FY 2018 (upto 31/08/2018, the extended due date of filing) compared to the corresponding period in the preceding year. The total number of ITRs e-filed upto 31/08/2018 was 5.42 crore as against 3.17 crore upto 31/08/2017, marking an increase of 70.86%. Almost 34.95 lakh returns ...

DAINIK NATION BUREAU Prime Minister Narendra Modi inaugurated the India Post Payments Bank (IPPB) from the Talkatora Stadium in Delhi. IPPB is being launched from 650 branches and 3250 Access Point across the country. IPPB is being set up to provide facilities for the common man in the form of smooth, affordable and dependable bank. Banking facility will be made ...

DAINIK NATION BUREAU As part of campaign to lure investors ahead of “Destination Uttarakhand- Investors Summit”, Chief Minister Trivendra Singh Rawat met the Managing Director of Reliance Industries Mukesh Ambani in Mumbai on Wednesday. They discussed the possibilities of investment in Uttarakhand. Ambani expressed special interest in the field of digital Uttarakhand, organic farming and hospitality. While giving a proposal ...

DAINIK NATION BUREAU Who is liable if you lose money through an unauthorised electronic banking transaction such as a cyber attack on the bank or hacking of your online account? The Reserve Bank of India (RBI) had notified norms last year to fix the extent of liability in such cases, establishing a safety net for the citizens amid the national ...

DAINIK NATION BUREAU Almost all of the currency banned during demonetisation is return to the Reserve Bank of India, the central bank’s annual report for 2017-18 stated on Wednesday. The processing of demonetised old Rs 500, 1,000 notes has been completed and that 99.30% of demonetised notes returned to the system. The total value of demonetised notes in circulation on ...

Investment mogul Warren Buffet’s Berkshire Hathaway is reportedly preparing to invest 30 to 35 crores in the digital payment sector giant Paytm in India. According to information from two people related to the case, this investment can be announced in the next few weeks. Alibaba and Softbank Supported One 97 Communications has been valued at USD 10 billion. One person ...

The rally in the prices of petrol and diesel is not showing any signs of slowing down. After reaching record highs on Tuesday, diesel has reached new record level on Wednesday. The price of petrol has also reached around 86 rupees per liter in Mumbai. Diesel prices continue to increase wildly. On Wednesday, diesel reached record high of 74.05 per ...