Business

May 2, 2021 5:15 PM

Govt announces various relief measures for taxpayers under GST law

In view of the corona pandemic, the government has announced various relief measures for taxpayers under GST law including reduction in interest rate and waiving of late fee. The Finance Ministry has issued notification in this regard. In the notification, the Ministry has said that a lower rate of ...

May 2, 2021 9:05 AM

Railways records over 10% increase in freight loading in April

Railways recorded more than 10 per cent rise in Freight loading last month compared to the pre-COVID April month of 2019. On a mission mode, Indian Railways' Freight loading for the month of April this year was over 111 million tonnes which included over 51 million tonnes of Coal, nearly 14...

May 2, 2021 8:20 AM

GST collection hits all-time high of over Rs 1.41 lakh crore in April

The gross Goods and Services Tax (GST) revenue collected in the month of April is at a record high of one lakh 41 thousand 384 crore rupees. Of which CGST is 27 thousand 837 crore, SGST is 35 thousand 621 crore, IGST is 68 thousand 481 crore and Cess is nine thousand 445 crore rupees.   Finance Mini...

May 1, 2021 8:51 PM

Railways records over 10% increase in Freight loading in April

Railways recorded more than 10 per cent increase in Freight loading in the last month compared to the pre-COVID April month of 2019. On a mission mode, Indian Railways' Freight loading for the month of April this year was over 111 million tonnes which included over 51 million tonnes of Coal...

May 1, 2021 8:46 PM

Govt extends timelines of certain compliances by taxpayers in view of pandemic

The government has extended the timelines of certain compliances by taxpayers in view of the pandemic. Ministry of Finance in a statement said that an appeal to Commissioner (Appeals) of the Income Tax Act, for which the last date of filing is 1st of April, 2021 or thereafter, is now extended and ma...

May 1, 2021 4:49 PM

GST revenue collection hits new record of Rs 1.41 lakh crore in April

The gross Goods and Services Tax, GST revenue collected in the month of April is at a record high of one lakh 41 thousand 384 crore rupees. Of which CGST is 27 thousand 837 crore, SGST is 35 thousand 621 crore, IGST is 68 thousand 481 crore and Cess is nine thousand 445 crore rupees. Finance Ministr...

May 1, 2021 4:45 PM

30 existing Nitrogen plants to be converted into oxygen manufacturing Plants

Government on Saturday said that 30 industries have been identified in the country where existing Nitrogen manufacturing plants will be converted into oxygen manufacturing Plants. Environment Ministry has said that considering the COVID-19 pandemic situation and to further augment availability of ox...

May 1, 2021 3:51 PM

Domestic stocks gain 2% in business week ended on Friday

Domestic stocks gained around two percent in the business week ended on Friday. The key indices rose as upbeat corporate earnings reports boosted investor sentiment.   Global stock markets were positive after the US Federal Reserve pledged to maintain easy monetary policy to aid economic recovery.  ...

May 1, 2021 2:21 PM

SBI allows customers to send their KYC details by post or email

With a view to provide relief to its customers amidst corona pandemic, the State Bank of India, SBI has said that customers can send Know Your Customer, KYC details for updation by post or email as physical visit to Bank Branches is not compulsory for updating details.   In a tweet, the SBI said tha...

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