Saturday, February 27, 2021

Avinash Prabhakar

In Apr-Nov, Central GST collection falls short of budget estimation by 40%

The minister informed that it has inserted a new CGST restriction that the input tax credit (ITC) availed by a taxpayer shall not exceed 20 per cent of the eligible credit available

Chanda Kochhar challenges RBI decision to terminate her; Bombay HC seeks reply

The central bank has given the consent on March 13 this year to the bank management on Kochhar’s termination, after the bank fired her on January 31.

Central govt reduces onion stockholding limit for retailers to 2 tonnes

Onion prices have been riding high since the past few weeks on account of a fall in production of the Kharif crop

Rupee opens up at 70.96 per dollar, highest this month

Following the decline in crude oil prices on Monday, Indian rupee ended higher by 16 paise at 71.05.

FDI limit may rise to 74% for insurance companies in the coming February budget

If everything goes well, the government may introduce this as part of the budget announcement and can take a shortcut so to get the nod of parliament as part of the Finance Bill.

SBI cuts one-year MCLR by 10 base points, home loans to get cheaper

After this cut, SBI's one-year MCLR comes down to 7.90% per annum from 8.00% per annum

A week after announcing all-in-one plans, Reliance Jio re-launches Rs 98 & Rs 149 prepaid plans

These two popular plans were pulled out by the company last week and a new all-in-one plan with hiked mobile tariffs and limited IUC minutes was announced.

Aditya Birla Sun Life Mutual Fund launches PSU Equity Fund

Aditya Birla Sun Life PSU Equity Fund is an open-ended equity scheme that will invest majorly in Public Sector Undertakings

Airtel may become foreign firm as Parent firm Bharti Telecom eyes ₹4,900 crore FDI nod

If government approves the fund infusion, the foreign stakeholding in Bharti Telecom will cross 50 per cent, making Airtel a foreign-owned company.

Social Security Code Bill seeks to cut EFPO monthly contribution to increase take-home income

This move of the union government is expected to boost the falling domestic consumption rate as the employees will have more as take-home salary to spend.

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