RBI issues new Rs 200, Rs 50 notes

DIPP releases next edition of consolidated FDI policy

The Commerce and Industry Ministry today released the next edition of its consolidated FDI policy document, incorporating all the changes made over the past year. The Department of Industrial Policy and Promotion, DIPP said, the new circular will take effect from today. The consolidated policy is a ...

5% GST applicable on selling of space for advertisement in print media

Government has clarified that five percent GST is applicable on selling of space for advertisement in print media if an agency buys space from the newspaper and sells the same to clients on its own account.However, the GST rate will be 18 percent of the sale commission, if the agency works as an age...

RBI issues new Rs 200, Rs 50 notes

Sensex surges 276 points to close at 31,568, Nifty jumps 87 points to 9,853

Rising for the second straight day, the Sensex at the Bombay Stock Exchange surged 276 points, or 0(point)9 percent, to close at 31,568. The Nifty at the National Stock Exchange jumped 87 points, to 9,853.At the forex market, the rupee weakened 2 paise, to 64.12 against the dollar.Gold declined 100 ...

5% GST applicable on selling of space for advertisement in print media: Centre

Government has clarified that five percent GST is applicable on selling of space for advertisement in print media if an agency buys space from the newspaper and sells the same to clients on its own account.However, the GST rate will be 18 percent of the sale commission, if the agency works as an age...

Govt notifies new Rs 200 notes

The government today gave its go ahead to the RBI to issue 200 rupee notes that will ease pressure on lower-denomination currency bills. Finance Ministry, in a notification, said that on the recommendations of the Central Board of Directors of the RBI, government has notified bank notes of 200 rupee...

Sensex climbs 129 points to 31388, Nifty gains 39 points to 9794

At the stock markets, after a strong opening, the Sensex at the Bombay Stock Exchange trimmed its initial gains, but had still climbed 129 points, or 0.4 percent, to 31,388 a short while ago. The Nifty at the National Stock Exchange had gained 39 points, to 9,794.And at the forex market, the the rup...

FDI jumps 37% to 10.4 billion USD during April-June 2017

Banking operations in public banks disrupted due to nation-wide strike

Normal banking operations have been hit as public sector bank employees went on a one-day nationwide strike today to protest against the government's proposed consolidation move.Services like deposits and withdrawal at bank branches, cheque clearance, NEFT and RTGS transactions have been af...