Business

The government mobilised Rs 7.41 lakh crore from the Goods and Services Tax (GST) during 2017-18, according to the finance ministry. The government rolled out the GST regime from July 1 last year. “During the year 2017-18, total revenue collections under GST in the period between August 2017 and March 2018 has been Rs 7.19 lakh crore. Including the collection ...

DAINIK NATION BUREAU InterGlobe Aviation Ltd, which runs the country’s top carrier IndiGo, said on Friday its president, Aditya Ghosh, would step down effective July 31, after being with the company for 10 years. The airline’s board will in the coming months consider naming Gregory Taylor, an airline sector veteran, as its president and chief executive officer, pending approvals. Taylor ...

Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20 per cent this year, the World Bank has said in a report. The increase in energy prices is expected to have adverse impact on India, given that the country is heavily dependent on import of major energy commodities. The latest World Bank ...

Petrol price on Monday hit Rs 74.50 a litre – the highest level under the BJP-led government, while diesel rates touched a record high of Rs 65.75, renewing calls for cut in excise duty to ease burden on consumers. Petrol and diesel prices were hiked by 10 paise, according to an Indian oil price notification. State-owned oil firms have been ...

The Delhi High Court has sought the response of the Centre, the RBI and the GST Council on a plea challenging a circular which prohibits banks and financial institutions from providing any service in relation to virtual currencies such as ‘crypto-currencies’. A bench of justices S Ravindra Bhat and A K Chawla issued notice to the Ministry of Finance, the ...

DAINIK NATION BUREAU The pilot commanding the Air India Boeing 787 Dreamliner that hit severe air turbulence between Amritsar and New Delhi on Thursday reportedly had “never seen anything like this ever”. The incident has been described as a “freak kind of severe turbulence”. Three passengers were injured when flight AI-462, a 6-year-old Boeing 787, one of the most modern ...

The Reserve Bank of India has placed curbs on the business activities of Mumbai-based City Co-operative Bank and also said that customers of the cooperative bank will not be allowed to withdraw more than Rs. 1,000 per deposit account. In a statement released on April 18, the RBI said that it has “placed The City Co-operative Bank Ltd, Mumbai under ...

Gold prices rose by another Rs 135 to Rs 31,290 per 10 grams, due to token buying by jewellers on the occasion of Akshaya Tritiya, but a subdued trend overseas capped the gains. Silver rescaled the Rs 39,000-mark by jumping Rs 620 to Rs 39,565 per kg on increased offtake by industrial units. Traders said, besides token purchases by consumers ...

DAINIK NATION BUREAU Are you struggling to get cash from ATMs and your branch? Are you not getting cash as per your need ? If answer is yes then you will have to wait more because RBI has been grappling with shortage of raw materials like paper and ink. ATMs around the country not only in the rural areas, but ...

DAINIK NATION BUREAU Amid reports of ATMs running dry and banks suffering from cash crunch too in various parts of the country, the government and Reserve Bank of India (RBI) on Tuesday announced to ramp up printing of Rs 500 notes by five times. While the government attributed the problem to “sudden and unusual demand”, the RBI denied cash shortage ...