Business

July 1, 2021 9:55 AM

Centre reduces duty on crude palm oil by 5% to reduce edible oil prices

Center has reduced the duty on Crude Palm Oil by 5 per cent, with a view to reduce the edible oil prices and to provide relief to consumers. Further, to cool down the prices of RBD Palmolein or Refined Palm oil, Department of Food and Public Distribution has recommended the removal of the restrictio...

July 1, 2021 9:43 AM

SBI celebrates 66th Foundation Day

The oldest commercial bank in the country, State Bank of India, SBI, is celebrating its 66th year today. SBI descends from the Bank of Calcutta founded in 1806 through the Imperial Bank of India. The Bank of Madras merged into the other two presidency banks, the bank of Calcutta and the bank of Bomb...

June 30, 2021 8:14 PM

Govt to honour tax payers contributing to GST success story

GST is a historic tax reform introduced on the 1st of July 2017.   Over the years there has been a reduction in the tax rates, simplification of procedures and a growing economy has also led to an exponential increase in the tax base.   GST revenues have steadily grown and have been above the one la...

June 30, 2021 1:51 PM

Various loans offered by NBFC & MFI likely to be expensive from tomorrow

Various loans offered by Non-Banking Finance Companies (NBFC) and Micro Finance institutes (MFI) are expected to be expensive from tomorrow. Reserve Bank of India today communicated the applicable base rate to be charged as 7.98 per cent. It is more than 17 basis points as compared to the current qu...

June 30, 2021 8:39 AM

SEBI approves proposal to introduce framework for 'Accredited Investors'

Securities and exchange board of India (SEBI) has approved a proposal to introduce a framework for 'Accredited Investors' in the Indian securities market. It will be a class of investors who may be considered to be well informed or well advised about investment products.   Accredit...

June 29, 2021 10:30 PM

Union Minister Nitin Gadkari calls for creation of ratings system for MSMEs

Minister for Micro, Small and Medium Enterprises Nitin Gadkari today called for creation of ratings system for MSMEs and Dashboard for effective monitoring of MSME schemes.   Addressing a webinar by Chamber of Indian MSMEs, he said, simple and transparent methodology should be evolved to give rating...

June 29, 2021 7:30 PM

Gold, Silver prices fall at MCX

Gold prices fell Rs. 210 at Multi-Commodity Exchange for August contracts amid losses in gold prices in the international markets. Gold was trading at Rs. 46,800 per 10 grams.   Silver prices also declined Rs. 440 to trade around Rs. 67,700 per kilogram for July Contracts when reports last came in.

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