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September 2, 2020 2:12 PM
A limit has been imposed on total rewards under the Merchandise Exports from India Scheme (MEIS). A notification issued by Directorate General of Foreign Trade last evening says that the total reward which may be granted to an Importer Exporter Code, IEC holder under the scheme shall not exceed two ...
September 2, 2020 7:27 AM
State-owned lender Indian Bank has announced a cut of 5 basis points in its marginal cost of funds based lending rate (MCLR) for one-year tenure. The bank has decided to reduce the MCLR for one-year tenure by 5 basis points to 7.30 per cent effective from September 3, 2020, Indian Bank said in a reg...
September 1, 2020 7:10 PM
The gross GST revenue collected in August is Rs 86,449 crore. Out of this, CGST is Rs 15,906 crore, SGST is Rs 21,064 crore, and IGST is Rs 42,264 crore. The government has settled Rs 18,216 crores to CGST and Rs 14,650 crores to SGST from IGST as regular settlement. The total revenue earned by Cent...
September 1, 2020 4:55 PM
Indian Railways freight loading for the month of August this year surpassed last year's loading of the same month. Railways Ministry said, in August, the loading was over 94 million tonnes which is 3.31 million tonnes higher compared to last year. The Ministry said, a number of concessions...
September 1, 2020 2:23 PM
August 31, 2020 9:22 PM
The Reserve Bank of India (RBI) today announced a host of steps, including term repo operations totaling Rs. 1 lakh crore in mid-September to ease pressure on the liquidity and maintain congenial financial conditions with a view to ensuring sustainable recovery of economic growth. In a statement, ...
August 31, 2020 2:10 PM
In our series on Atmanirbhar Bharat today, we bring you a special story on Organic farming. India has emerged as a key player in global organic marketing. Agriculture Ministry has said that India ranks first in number of organic farmers and ninth in terms of area under organic farming. Sikkim became...
August 30, 2020 12:23 PM
Finance and Corporate Affairs minister Nirmala Sitharaman will review with the top management of Scheduled Commercial Banks and NBFCs, the implementation of the resolution framework for COVID-19 related stress in bank loans. She will take stock of the situation with top officials on 3rd September. ...
August 29, 2020 8:28 PM
The Centre has communicated to states the two borrowing options to meet the GST Compensation requirement for the current financial year. This follows discussions in the 41st Meeting of the GST Council held on Thursday. The states are to communicate their preference within seven working days. An offi...
August 29, 2020 8:05 AM
India's foreign exchange reserves rose by 2.296 billion US dollar to reach 537.548 billion US dollar in the week to August 21. The forex kitty had increased by 3.623 billion dollar to reach a record high of 538.191 billion US dollar in the week ended August 7. Foreign Currency Assets rose ...
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Last Updated: 26th Apr 2026
