Business

DAINIK NATION BUREAU Taking cognizance on the people outcry against the SBI, which had collected Rs 235 crore from custormer who failed to maintain minimum average balance (MAB) in June this year, SBI has reduced their MAB. It has applicable from October 1. Now customers of SBI savings account will pay lower charges for not maintaining minimum average balance. SBI ...

DAINIK NATION BUREAU The Union Finance Minister Arun Jaitley has categorically said that as far as GST is concerned, we have space for improvement eventually once we become revenue neutral to think in terms of bigger reforms such as lesser slabs, but for that we have to become revenue neutral plus. To ensure this we have to certainly ensure larger ...

DAINIK NATION BUREAU The Union Finance Minister Arun Jaitley has reviewed capital expenditure programme and status of dividend distribution of central public sector undertakings and authorities with the Secretaries of concerned Ministries/Departments and CMDs of major CPSEs, including Petroleum, Defence, Power, Road Transport, Railways, Coal, Mines, Steel, Atomic Energy. In his address Jaitley stressed that the CPSEs may not only ...

DAINIK NATION BUREAU ICICI Lombard General Insurance Company made a sluggish debut at stock exchanges on wednesday. Shares of ICICI Lombard, India’s largest private sector non-life insurer, fell as much as 3.38 per cent to Rs. 638.65 against its issue price of Rs 661. The stock failed to give listing gains to its investors because of the recent weakness seen in the markets, analysts ...

Faced with outcry over levying fees for failing to maintain monthly average balance (MAB) in savings bank account, State Bank of India has slashed charges on non-maintenance of MAB by 20-50% across customer categories. “The pensioners and beneficiaries of social benefits from the government and accounts of minors (upto 18 years) will be exempted from minimum balance requirement. The financial ...

DAINIK NATION BUREAU In a bid to save people from dupe, Income tax department has released a number and asked the people that whenever IT officials come for raid then you can ascertain their authenticity by dialing the number i.e. 9013850099. The Income Tax Department in the Delhi region regularly conducts search/survey/verification exercises in case of suspected tax evaders to ...

DAINIK NATION BUREAU Bharat Heavy Electricals Limited (BHEL) has achieved double digit growth in its topline and bounced back into profit in fiscal 2016-17, reversing the declining trend of the last three years and ending the year with significant traction in growth drivers. This was claimed by Atul Sobti, Chairman & Managing Director, BHEL at the 53rd Annual General Meeting ...

The rupee today dropped by 31 paise to a four-month low level of 65.12 against the US dollar on frenetic dollar demand from importers and banks. Dealers said early losses in domestic equity markets and unabated foreign fund outflows weighed on the rupee. Yesterday, the rupee plummeted by a whopping 54 paise to end at 64.81 a dollar, its weakest ...

Fearing that a staggering Rs 65,000 crore could get stuck in GST refunds, exporters today asked the government to fast-track the refund process and avoid further deterioration in their “liquidity situation”. The Committee on Exports, chaired by Revenue Secretary Hasmukh Adhia, today met 8 export promotion associations to understand their concerns post the implementation Goods and Services Tax (GST) from ...

DAINIK NATION BUREAU Following on the intervention of Nashik district’s onion traders have called off their strike and resumed auctions of the commodity on Monday, except in Lasalgaon, which may open on Tuesday. After meeting with the nashik district collector (DC) Radhakrishnan B on Sunday, traders had agreed to open onion auctions at agriculture produce market committees (APMCs) in the ...