Business

August 23, 2020 8:43 PM

Businesses registered under GST can opt for Aadhaar authentication: CBIC

Businesses registered under GST can opt for Aadhaar authentication, in absence of which registration would be granted only after physical verification of the place of business.  In a notification, the Central Board of Indirect Taxes and Customs, CBIC said when an applicant for GST registration opts ...

August 21, 2020 7:08 PM

Rupee settles 18 paise higher at 74.84 against US dollar

The rupee today settled 18 paise higher at 74 rupees and 84 paise against the US dollar as heavy buying in domestic equities strengthened investor sentiments.   Forex traders said a positive trend in the equity markets and easing crude oil prices supported the rupee. The dollar index, which shows st...

August 20, 2020 8:45 PM

Gold, Silver prices fall in Delhi

Gold prices plunged by Rs. 1,492 to Rs. 52,819 per 10 grams in the national capital.   Silver also witnessed weak trend as it tanked Rs. 1,476 to Rs. 67,924 per kg.  

August 19, 2020 5:15 PM

RBI releases framework for pan-India entity for retail payments

Reserve Bank of India has unveiled the framework for setting up of pan-India Umbrella Entity for Retail Payments. As per the framework, the companies with a net worth of over 500 crore rupees will be eligible to set up an umbrella entity which among other things will be permitted to set up, manage a...

August 15, 2020 9:51 AM

India's forex reserves surge by USD 3.623 billion to reach a new all-time high

India's foreign exchange reserves have surged by USD 3.623 billion to reach a new all-time high of USD 538.191 billion in the week ended 7th August 2020. Foreign currency assets, a major part of the overall reserves, rose by USD 1.464 billion to USD 492.293 billion.  In the previous week, t...

August 14, 2020 9:21 PM

FM Nirmala Sitharaman holds 3rd review meeting of CPSEs on capital expenditure

Finance Minister Nirmala Sitharaman today held 3rd review meeting of Central Public Sector Enterprises, CPSEs on capital expenditure for the current financial year. Secretaries of the Ministries of Shipping, Road Transport and Highways, Housing and Urban Affairs, Defence  and Department of Telecommu...

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