Business

December 4, 2016 7:17 PM

Govt extends MIP on 19 products for two months to protect steel industry

The government has extended the minimum import price (MIP) on 19 products for two months to protect domestic steel industry from below-cost imports. The Directorate General of Foreign Trade, DGFT in a notification said, it will now be applicable till 4th of February next year. The 19 products includ...

December 4, 2016 5:18 PM

India recieves $300 billion FDI between April 2000-September 2016

India recieved over 300 billion US dollar Foreign Direct Investment (FDI) milestone between April 2000 and September 2016. Thirty three per cent of the FDI came through the Mauritius route, apparently because the investors wanted to take advantage of India's double taxation avoidance treaty...

December 3, 2016 7:16 PM

Indraprastha Gas Limited hikes PNG prices by Rs 1.5 scm

Indraprastha Gas Limited has hiked the prices of Piped Natural Gas, PNG by one rupee five paise per standard cubic meter, scm that will be effective from midnight tonight. Now, piped cooking gas will cost 24 rupees 5 paise per scm in Delhi.

December 1, 2016 5:22 PM

Taxation Laws Bill does not contain chargeability of tax on jewelry: Fin Min

Finance Ministry has clarified that the Taxation Laws (Second Amendment) Bill, 2016 does not contain any new provision regarding chargeability of tax on jewellery. The Bill only seeks to enhance the applicable tax rate from existing 30 per cent to 60 per cent plus surcharge of 25 per cent and cess t...

December 1, 2016 2:39 PM

ATF price cut by 3.7%, LPG hiked by Rs 2 per cylinder

The Aviation Turbine Fuel price was today cut by 3(point)7 per cent, while subsidised LPG rate was hiked by 2 rupees 7 paise per cylinder. The ATF or jet fuel price was cut by 1,881 rupees per kilolitre to 48 thousand 379 rupees 63 paise per kilolitre in Delhi. The reduction comes after two rounds o...

December 1, 2016 1:15 PM

Global crude oil prices surge to 13% after OPEC agrees output cut

Global crude oil prices shot up 13 percent today, after Organization of the Petroleum Exporting Countries (opec) and Russia cut a deal to reduce output to drain a global supply glut. Brent crude oil futures surged 13 percent to 52.54 dollars a barrel. US crude jumped to 50.11 dollars a barrel.OPEC y...

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