Sensex advances marginal 20 points to 31,242

At the stock markets, after a firm opening, the Sensex at the Bombay Stock Exchange gave up all its initial gains, and after swinging between positive and negative territory, advanced a marginal 20 points to 31,242, a short while ago.The Nifty at the National Stock Exchange added 12 points to 9,627....

Rupee up by 9 paise to 64.79 against dollar

The rupee took a cue from stocks and climbed 9 paise to 64.79 against the dollar today as fresh sale of the US currency by exporters paced up. The rupee plummeted by a whopping 30 paise toclose at an over one-month low of 64.88 against the US dollar yesterday.The benchmark BSE Sensex was trading hig...

Centre, Asian Development Bank sign 220 million dollar loan<br/>

The Centre and Asian Development Bank, ADB today signed a 220 million dollar loan for improving connectivity as well as transport efficiency and safety on State Highways of Rajasthan. The loan is the first tranche of the 500 million dollar Rajasthan State Highways Investment Program, approved by ADB...

GST impact: Sensex up over 300 points, Nifty surges 94 points

Sensex at the Bombay Stock Exchange spurted 300 points to close at 31,222, on the first day of trading after the rollout of the Goods and Services Tax.Nifty at the National Stock Exchange surged 94 points, to close at 9,615.

PNG ntwk expansion will lead LPG availability in remote areas: Petroleum Minister

Petroleum Minister Dharmendra Pradhan on Saturday inaugurated the PNG supply to kitchens in BK Dutt Colony located in Lodhi Road Area of New Delhi. Addressing on the occasion, Mr Pradhan said that the expansion of PNG network in cities like Delhi will lead to additional LPG availability in remote ar...

Maha Industries dept to form panel to study GST impact <br/>

Maharashtra Industries department has decided to form a committee to study the impact of Goods and Services Tax (GST) on industries in the state. Maharashtra Industries minister Subhash Desai said, the department has decided to form a committee under the Industries secretary. Mr Desai said that when...

GSTN unveils simple excel based template

Revenue Secretary Hasmukh Adhia busts myths about GST

Revenue Secretary Hasmukh Adhia busts myths about GST

Revenue Secretary, Dr. Hasmukh Adhia today busted certain common misconceptions and myths about new indirect tax regime GST. Busting the myth that GST rates are higher than VAT, Mr Adhia said, it appears higher because excise duty and other taxes which were invisible earlier are now subsumed in GST ...

GST to boost GDP; positive for rating: Moody's

Moody&apos;s Investors Service has said, Implementation of the GST will be positive for India&apos;s rating as it will lead to higher GDP growth and increased tax revenues. In a statement today, Moody&apos;s Vice-President, Sovereign Risk Group, William Foster said, over the medium term,...