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After unearthing a rampant fake invoicing scam to evade goods and services tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) amended rules making it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their GST liability in cash from January 1. (ANI File)

GST 4th anniversary: FinMin to issue appreciation certificates to...

The Central Board of Indirect Taxes and Customs (CBIC) will be issuing certificates of appreciation to these taxpayers

30 Jun 2021 7:25 PM IST

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha, during the Budget Session of Parliament, in New Delhi. (RSTV/PTI Photo)

GST reduced tax rate, increased compliance; more than 66 cr returns...

A nationwide GST, which subsumed 17 local levies like excise duty, service tax and VAT and 13 cesses, was rolled out on...

30 Jun 2021 7:09 PM IST

Gold rises by Rs 97, silver almost flat . (AFP Photo)

Gold prices fall to Rs 46,540, Silver rises to Rs 68,390

Analysts attributed the fall in gold prices to trimming of positions by participants

30 Jun 2021 3:29 PM IST

As per the proposal submitted by KAIPA promoters, they would propel MSMEs with an investment of Rs 2,000 crore and the units would generate more than 10,000 jobs, thereby changing the face of Vijayanagaram mandal in Chittoor district. (Representational Image: PTI)

MSMEs in trouble as Covid waves hit them hard

Surveys say more than half of the existing start-ups/small companies may be shut down or sell off their units by the...

29 Jun 2021 11:55 PM IST

Sitharaman discussed Indias opportunities for growth and investment pertaining to Indias wide-ranging reforms. (Photo: Twitter/@FinMinIndia)

Strong reforms undertaken by govt, FM Sitharaman tells investors

The event provided investors with an opportunity to engage with the Union Finance Minister and senior officials of the...

25 Jun 2021 8:41 AM IST

Last year, Billionaire Mukesh Ambani had announced a 15-year commitment to become net carbon zero by 2035. (AFP

Mukesh Ambani announces Rs 75,000 cr investment in clean energy

Addressing the company-'s annual shareholder meeting, he said Reliance will set up 100 GW of solar power generating...

24 Jun 2021 4:42 PM IST

While the Consumer Price Index (CPI)-based inflation rose from 4.23 per cent in April to a six-month high of 6.3 per cent, food inflation soared from 1.96 per cent to 5.01 per cent in May. (Representational Photo:AP)

Retail inflation hits 6-month high of 6.3 pc in May on costlier food,...

Wholesale price-based inflation too accelerated to a record 12.94 per cent in May

14 Jun 2021 11:55 PM IST

Globally, gold traded 1.09 per cent lower at USD 1,859.20 an ounce in New York. (Representative Image: Reuters)

Gold, silver prices fall as demand decreases

Gold contracts for the August delivery traded lower by Rs 476, whereas silver contracts for the July delivery tumbled by...

14 Jun 2021 3:58 PM IST

In the annual report on IT, Electronics and Communications Department for FY21, Rama Rao said during the last fiscal, Telangana added 46,489 new jobs taking the total IT/ ITES employment to 6,28,615, year-on-year increase of 7.99 per cent compared to FY 2019-20. (Twitter/@MinisterKTR)

Telangana IT exports clock 13 per cent growth at Rs 1.45 lakh cr in...

Minister KTR noted that Telangana attracted several marquee companies such as Amazon Web Services, Goldman Sachs, and...

10 Jun 2021 3:43 PM IST

Unionized hospitality workers wait in line in a basement garage to apply for unemployment benefits. (AP Photo)

Odisha: 7 lakh lost jobs since lockdown imposed on May 5

As per CMIE latest data, the unemployment rate in Odisha was around 2% in April, but by May-end it shot up to 7%

6 Jun 2021 3:17 AM IST

Reserve Bank of India (RBI) governor Shaktikanta Das addresses via livestream as he announces the central banks monetary policy decisions, in Mumbai. PTI photo

RBI lowers GDP growth projection to 9.5 pc for 2021-22

The RBI Governor said the RBI will 'continue to think and act out of the box', planning for the worst and hoping for the...

4 Jun 2021 11:37 AM IST

The projection is lower than 6.1 per cent that the Reserve Bank of India (RBI) had forecast in early October.

Coronavirus eats into Indian economy, GDP shrinks 7.3%

The 7.3 per cent contraction is the worst-ever economic performance that India has witnessed in over four decades

1 Jun 2021 1:21 AM IST