GST collections in June jumps 56 % at Rs 1.44 lakh crore

New Delhi, July 1 Goods and Services Tax collection for June 2022 came in at Rs 1.44 lakh crore, a 56 percent rise from the same month last year. The…

Mukesh Ambani resigns as director of Reliance Jio, Akash Ambani named chairman

New Delhi, June 28 Mukesh Ambani has resigned as director of Reliance Jio. Akash Ambani appointed as chairman of Reliance Jio.

RBI likely to hike policy interest rates; raise inflation forecast today

Mumbai, June 8 The Reserve Bank of India (RBI) is likely to hike the policy repo rate by 40 basis points to 4.80 percent on Wednesday and increase the inflation…

RBI to adopt graded approach to introduction of digital currency

Mumbai, May 29 The Reserve Bank of India (RBI) proposes to adopt a graded approach for the introduction of digital currency in the country, according to the RBI’s annual report…

RBI raises repo rate by 40 basis points to 4.40 % with immediate effect

Mumbai, May 4 In a surprise move, the Reserve Bank of India (RBI) on Wednesday increased the policy repo rate by 40 basis points to 4.40 percent with immediate effect.…

RBI keeps repo, reverse repo rates unchanged for 11th time in row

Mumbai, April 8 Reserve Bank of India’s (RBI) Monetary Policy Committee on Friday voted to keep the benchmark repo and reverse repo rates unchanged for the 11th consecutive time. “MPC…

COVID-related relief measures have sunset date: RBI Governor

Mumbai, March 21 All COVID-related liquidity relief measures extended by the central bank have come with a sunset date and would be withdrawn in due course, Reserve Bank of India…

GST revenues soar 18 % to Rs 1.33 lakh crore in February

New Delhi, March 1 Gross revenue collection from the Goods and Services Tax (GST) surged to Rs 1.33 lakh crore in February, posting an increase of 18 percent year-on-year, the…

Government to launch Ease of Doing Business 2.0

New Delhi, February 1 Union Finance Minister Nirmala Sitharaman on Tuesday announced that the government will launch the next phase of Ease of Doing Business. It will be known as…

RBI to issue digital rupee using blockchain in FY 22-23: Sitharaman

New Delhi , February 1 To boost the Indian economy, the Reserved Bank of India (RBI) will be issuing a digital rupee using blockchain and other technologies in the Financial…

Sensex climbs about 400 points to reclaim 61K-level in early trade

Mumbai, January 12 The BSE Sensex zoomed nearly 400 points to reclaim the key 61,000-level in opening deals on Wednesday, buoyed by expectations of a good quarterly earnings season. Starting…

Interest calculator soon in GSTR-3B for delayed monthly tax payment

New Delhi, January 9 GST Network, which provides technology backbone for the indirect tax regime, will shortly release interest calculator functionality in monthly tax payment form GSTR-3B to help taxpayers…

PNB pays tribute to those who lost lives in Coonoor Helicopter Crash

New Delhi, December 22 Punjab National Bank (PNB) has expressed gratitude and solidarity towards the defense personnel who lost their lives in the tragic Coonoor helicopter crash. The Bank has…

Nirmala Sitharaman to hold pre-budget consultations with prominent economists today

New Delhi, December 22 Union Finance Minister Nirmala Sitharaman will hold pre-budget consultations with prominent economists on Wednesday in connection with the forthcoming general budget 2022-23. “Union Finance Minister @nsitharaman…

2-day bank strikes start from Thursday, banking services likely to be hit

New Delhi, December 16 Employees of several public sector banks, including State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda, are on a two-day strike starting…

India can become ‘gross driver’ of world economy if stakeholders in banking sector work together: RBI Governor

New Delhi, December 12 Reserve Bank of India Governor Shaktikanta Das on Sunday said that the country can become a “gross driver” of the world economy if all stakeholders in…

GST collected in November, 2021 second highest since its implementation

New Delhi, December 1 The gross Goods and Service Tax (GST) revenue of Rs 1,31,526 crore collected in November is the second-highest since the implementation of GST, said the Ministry…

ED summons Amazon, Future Group executives in FEMA probe

New Delhi, November 28 The Enforcement Directorate (ED) has summoned senior executives of Amazon India, including its country head Amit Agarwal, and that of the Future Group for questioning in…

Centre proposes framework for cross-border insolvency; seeks comments till December 15

New Delhi, November 26 The government is preparing to come out with a cross-border insolvency resolution framework based on the UNCITRAL model law and is proposed to be made applicable…

CGST officers unearth Rs 34 crore input tax credit fraud involving 7 firms

New Delhi, November 14 Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have unearthed a case of…

Founder of Ideal ice creams Prabhakar Kamath dies at 79

Mangaluru, November 6 Prabhakar Kamath, founder of the Ideal ice creams and the famous Pabbas’ ice cream parlour in the city, died at a private hospital here on Saturday, family…

Pak economy hit by Rs 35 billion loss due to TLP protests

Lahore, October 31 Special Assistant to Chief Minister on Information, Hasaan Khawar admitted that Pakistan has been hit drastically due to the agitation by Tehreek-i-Labbaik Pakistan (TLP) since 2017 and…

Adani Group to invest in Cleartrip, deepens strategic partnership with Flipkart

Ahmedabad , October 30 The Adani Group on Friday announced that it is investing in Cleartrip Private Limited, an online travel aggregator (OTA) and part of the Flipkart Group, India’s…

Centre extends RBI Governor Shaktikanta Das’ term for three years

The Fact News Service New Delhi, October 29 The Centre on Friday extended the tenure of Reserve Bank of India (RBI) Shaktikanta Das for a period of three years. “The…

Petrol, diesel prices in India hiked again, diesel crosses Rs 105 mark in Mumbai

The Fact News Service Mumbai, October 28 Petrol and diesel prices in India were hiked for the second consecutive day on Thursday after a two-day pause across the country. The…

Petrol, diesel prices hiked for fourth consecutive day

The Fact News Service New Delhi , October 23 Petrol and diesel prices were hiked for the fourth consecutive day across the country on Saturday. With a hike of Rs…

Petrol, diesel prices hiked again

The Fact News Service New Delhi, October 22 The prices of petrol and diesel were hiked by Rs 0.35 and will cost Rs 106.89 per litre and Rs 95.62 per…

Petrol selling at Rs 119 a litre and diesel at Rs 110 a litre in Rajasthan’s Ganganagar

The Fact News Service New Delhi, October 21 Petrol and diesel prices on Thursday were hiked by 35 paise per litre each, the second consecutive day of increase that took…

Sensex drops over 200 points in early trade; Nifty slips below 18,400

The Fact News Service Mumbai, October 20 Equity benchmark Sensex tumbled over 200 points in opening trade on Wednesday, tracking losses in index majors TCS, Bajaj Finance and Axis Bank…

Petrol, diesel prices hiked again; cost 30 per cent more than ATF

The Fact News Service New Delhi, October 17 Petrol and diesel prices on Sunday was hiked again by 35 paise a litre and the auto fuels now cost a third…

Petrol, diesel price hiked again

The Fact News Service New Delhi, October 16 Petrol and diesel price on Saturday was hiked again by 35 paise a litre to take retail rates across the country to…

India offers spectrum of opportunities, FM Sitharaman tells CEOs

The Fact News Service Washington, October 14 India offers a spectrum of opportunities to investors and business firms, Finance Minister Nirmala Sitharaman told executives of top American companies, as she…

Petrol, diesel prices rise for seventh consecutive day

The Fact News Service New Delhi, October 11 Petrol and diesel prices were hiked across the country for the seventh consecutive day on Monday. Prices of petrol and diesel rise…

Petrol, diesel prices touch all-time highs as rates hiked for 6th consecutive day

The Fact News Service New Delhi, October 10 Petrol and diesel prices rose again on Sunday for the sixth consecutive day, hitting fresh record highs. In the national capital, petrol…

Petrol, diesel prices hiked for fifth consecutive day

The Fact News Service New Delhi, October 9 Petrol and diesel prices were hiked across the country for the fifth consecutive day on Saturday, ranging from 26 paise to 35…

RBI keeps interest rates at record low to boost economic recovery

The Fact News Service Mumbai, October 9 The RBI expectedly kept interest rates unchanged at a record low on Friday but signaled the start of tapering pandemic-era stimulus measures on…

Fuel prices at all-time high, petrol above Rs 109 in Mumbai

The Fact News Service New Delhi , October 7 Petrol and diesel prices surged to record all all-time high levels across the metro cities on Thursday. In Mumbai, fuel rates…

Sensex jumps over 100 points in early trade; Nifty tops 17,850

The Fact News Service Mumbai, October 6 Equity benchmark Sensex jumped over 100 points in early trade on Wednesday, tracking gains in HDFC, SBI and Bajaj Finance amid a positive…

LPG price hiked by Rs 15 per cylinder

The Fact News Service New Delhi, October 6 Cooking gas LPG price on Wednesday was hiked by Rs 15 per cylinder in line with a surge in international fuel prices.…

Fuel prices hiked for 3rd consecutive day across metros

The Fact News Service New Delhi , October 2 Prices of petrol and diesel were hiked for the third consecutive day on Saturday across metros, touching a record high in…

Sensex tanks over 500 points in early trade; Nifty drops below 17,500

The Fact News Service Mumbai, October 1 Equity benchmark Sensex plunged over 500 points in early trade on Friday, tracking losses in index majors HDFC twins, ICICI Bank and Infosys…

Banks to remain shut for 21 days in October due to festival holidays

New Delhi, September 29 As the festival season is around the corner, the month of October will see the banks closed for a total of 14 days due to various…

Centre’s nod to Rs 100cr grant for TN medical devices park

The Fact News Service Chandigarh, September 29 With the Central government giving in-principle approval for setting up a medical devices park and providing Rs 100 crore grant, the Tamil Nadu…

Petrol, diesel prices see hike across metros

The Fact News Service New Delhi September 28 Petrol and diesel prices rose on Tuesday across all four metros in the country. In Delhi, petrol rates reached Rs 101.39 per…

Diesel price hiked again, no change in petrol rate

The Fact News Service Delhi, September 26 Diesel price on Sunday was hiked by 25 paise per litre—the second increase in rates after the state-owned oil firms ended a three-week…

I-T dept detects Rs 300 crore black money after raiding 2 Chennai financing groups

The Fact News Service New Delhi, September 25 The CBDT on Saturday claimed that the Income Tax Department had detected “unaccounted” income of over Rs 300 crore after it raided…

Sensex crosses 60,000-mark for first time

The Fact News Service Mumbai, September 24 Equity benchmark Sensex rallied over 350 points to hit the 60,000-mark for the first time in opening trade on Friday, led by strong…

Signs of global economy emerging from Covid impact: RBI Governor Das

The Fact News Service Mumbai , September 22 Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday the world is witnessing initial signs of recovery from the impact…

ADB scales down India’s economic growth forecast for this fiscal to 10 per cent

The Fact News Service New Delhi, September 22 The Asian Development Bank on Wednesday revised down India’s economic growth forecast for the current fiscal to 10 per cent, from 11…

Centre relaxes TDS provisions for ST community

The Fact News Service New Delhi, September 18 The Centre has relaxed the provisions of Income-Tax Act, 1961 Act in relation to the payment of interest regarding TDS by Scheduled…

GST Council meet today: Covid relief, bringing oil and gas indirect tax regime on agenda

The Fact News Service New Delhi, September 17 The GST Council will meet in Lucknow on Friday to take decisions on issues related to duty revision that were put on…

CBDT refunds over Rs 70,10 crore between April 1 to September 6 to over 26.09 lakh taxpayers

The Fact News Service New Delhi, September 12 The Central Board of Direct Taxes (CBDT) has refunded over Rs 70,120 crore to more than 26.09 lakh taxpayers between April 1…

Bharat Petroleum gets new Chairman and Managing Director

The Fact News Service Mumbai, September 8 Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company has announced the appointment of Arun Kumar Singh as the…

CBDT allows taxpayers time to file application for settlement by September 30

The Fact News Service New Delhi, September 8 In order to provide relief to the taxpayers who were eligible to file settlement applications, the Central Board of Direct Taxes (CBDT)…

Tata-Cornell Institute launches hub to empower smallholder farmers

The Fact News Service New Delhi, September 4 In an effort to empower India’s 125 million smallholder farms to take advantage of growing opportunities in agricultural sector, Tata-Cornell Institute (TCI)…

India among top 3 destinations for renewable energy: Ambani

The Fact News Service New Delhi, September 3 India ranks among top three most attractive destinations for renewable energy in the world, said Reliance Industries Ltd (RIL) Chairman and Managing…

Sensex crosses 58,000 for first time

The Fact News Service Mumbai, September 3 Equity benchmark Sensex jumped over 250 points in early trade to scale the 58,000-level for the first time on Friday, led by gains…

Chennai Petroleum Corporation gets new MD

The Fact News Service New Delhi, August 23 Executive Director of Indian Oil Corporation Ltd (IOCL), Arvind Kumar, has been appointed as Managing Director of Chennai Petroleum Corporation Limited (CPCL),…

Propproper ‘will help to find your dream home’

Chandigarh, August 14 Ever heard about Real Estate properties? This term was recorded for the first time in the 16th century! In today’s date, who does not wish to have…

Banks to pay fine if ATM runs out of cash

The Fact News Service Chandigarh, August 11 In what comes as relief for the consumers, the Reserve Bank of India (RBI) to impose penalty on the banks if their ATMs…

RBI keeps policy rate unchanged for 7th time in a row; repo retained at 4%

The Fact News Service Mumbai, August 6 The Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative…

RBI cautions public against buying, selling of old banknotes, coins

The Fact News Service New Delhi, August 4 The Reserve Bank of India (RBI) on Wednesday cautioned the public to not fall prey to fictitious offers of buying or selling…

IndusInd Bank gets empaneled as agency bank to RBI

The Fact News Service Mumbai, August 3 Private sector lender IndusInd Bank said on Tuesday it has been empaneled by the Reserve Bank of India (RBI) as an agency bank…

Punjab & Sind Bank reports first quarter net profit at Rs 174 crore

The Fact News Service Chandigarh, July 29 State-owned Punjab & Sind Bank ‘s MD &CEO S Krishnan via virtual press conference on Thursday said that bank reported a net profit…

Fuel price hike: Petrol climbs to Rs 107.83 in Mumbai

The Fact News Service New Delhi, July 19 Petrol prices in the Mumbai rose to Rs 107.83 per litre on July 19. The price of diesel in the city was…

Petrol price touches new high, breaches Rs 107/L mark in Mumbai

The Fact News Service New Delhi July 15 Petrol prices in Mumbai rose to Rs 107.54 per litre on Thursday, touching another record high figure after fuel rates were hiked…

Petrol, diesel prices hiked again

The Fact News Service New Delhi, July 10 Fuel prices continue to soar across the country and touched a record high on Saturday in the national capital with petrol retailing…

Fuel rates continue to soar; CNG, PNG prices also hiked in NCR

The Fact News Service New Delhi , July 8 Fuel prices continue to soar across India and touched a record high in the national capital as petrol price is retailing…

Petrol price in Delhi crosses Rs 100-mark

The Fact News Service New Delhi , July 7 The price of petrol crossed Rs 100-mark in the national capital and stood at Rs 100.21 per litre on Wednesday. The…

GST collections total Rs 92,849 crore in June

The Fact News Service New Delhi , July 6 The Goods and Services Tax (GST) revenue in June totaled Rs 92,849 crore, the government said on Tuesday. Of this, Central…

RBI to conduct Rs 20,000 crore bond purchase on July 8

The Fact News Service Mumbai, July 6 The Reserve Bank of India (RBI) will conduct open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme…

LPG prices hiked, cylinders to cost more from today

The Fact News Service New Delhi , July 1 Prices of Liquefied petroleum gas (LPG) were on Thursday hiked by oil marketing companies. The price of domestic LPG cylinder has…

Relief to taxpayers regarding late fee for pending returns

The Fact News Service New Delhi, June 30 To provide relief with the taxpayers, especially the small taxpayers from his amount of fee accumulated on pending GSTR-3B returns, the government…

Sensex, Nifty start on flat note amid mixed global cues

The Fact News Service Mumbai, Jun 29 Equity benchmarks Sensex and Nifty opened on a flat note on Tuesday tracking a mixed trend in global markets and sustained foreign fund…

Petrol price spikes to Rs 104.90 in Mumbai, diesel at Rs 96.72

The Fact News Service New Delhi, June 29 Petrol and diesel prices on Tuesday touched a record high in Mumbai as it is retailing at Rs 104.90 per litre in…

First 5 lakh tourist visas to be free: Centre’s boost for Covid-hit Tourism Sector

New Delhi, June 28 The finance minister Nirmala Sitharaman has announced a ₹ 1.1 lakh crore loan guarantee scheme for the covid-affected sectors at a time when the economy has…

Delhi: Petrol reaches Rs 98.11, diesel Rs 88.65 per litre

The Fact News Service New Delhi, June 26 Petrol and diesel prices have witnessed a surge in the national capital and stood at Rs 98.11 per litre and Rs 88.65…

Sensex, Nifty open on positive note amid positive global cues

Mumbai, June 25 Equity benchmark Sensex and Nifty opened on a positive note on Friday amid a firm trend in global markets. The 30-share BSE index was trading 65.90 points…

Instagram may soon let users post from desktop, testing underway

Washington, June 25 Instagram is planning to roll out the ability to create posts using the web browser on a desktop computer and the test feature had gone live on…

Reliance to invest Rs 75,000 cr in new energy business

The Fact News Service Mumbai, June 24 Reliance Industries Ltd (RIL) plans to build four giga factories to manufacture and integrate all critical components of a new energy ecosystem, Chairman…

Ambani announces launch of JioPhone Next smartphone, partnership with Google

The Fact News Service Mumbai, June 24 Reliance Industries Ltd (RIL) Chairman and Managing Director Mukesh Ambani on Thursday announced the launch of JioPhone Next, a fully-featured smartphone being developed…

Petrol price at Rs 103.89 in Mumbai, hiked by 26 paise

The Fact News Service New Delhi , June 24 Petrol prices in Mumbai reached a new high of Rs 103.89 per litre on Thursday and have been increased by 26…

Banks get part of Vijay Mallya, Nirav Modi, Mehul Choksi’s seized assets

New Delhi, June 23 Assets worth ₹ 9,371 crore belonging to fugitive businessmen Vijay Mallya, Nirav Modi, Mehul Choksi have been transferred by the Enforcement Directorate to state-run banks that…

Nod to PNB Housing Finance for EGM

New Delhi, June 22 Setting aside SEBI’s direction, the Securities Appellate Tribunal (SAT) on Monday allowed PNB Housing Finance to go ahead with the shareholders’ meeting on Tuesday to consider…

Indian working women more worried about job availability: LinkedIn

Mumbai, June 22 The second wave of Covid worsened ‘shecession’ as twice as many working women in India are worried about the availability of jobs, time for job-seeking compared to…

Sensex rallies over 350 points to hit record intra-day high; Nifty tops 15,850

Mumbai, June 22 Equity benchmark Sensex rallied over 350 points to scale a fresh intra-day record in early trade on Tuesday, tracking gains in index-heavyweights Reliance Industries, HDFC twins and…

Petrol-Diesel price hiked again

New Delhi, June 22 The common man is already carrying the weight of an ailing economy amid the lockdown, now the continuous increase in the prices of petrol-diesel prove to…

Gautam Adani not Asia’s 2nd richest any more

New Delhi, June 19 Suffering a rout in the stock markets this week, Adani Group Chairman Gautam Adani has lost the coveted tag of being Asia’s second-richest billionaire. Adani has…

Yahoo Mobile announces to shut down after 1 year of launch

New Delhi, June 19 Yahoo Mobile, a mobile phone service that uses Verizons network, is shutting down, the service announced on its official website. For the customers continuing to use…

Govt doubts tainted money led to rise in funds by Indians in Swiss bank

New Delhi, June 19 The government has requested for more information from the Swiss authorities and the possible reasons for media reports suggesting a huge rise of funds by Indians…

Sensex rises over 200 points in early trade; Nifty tests 15,750

New Delhi, June 18 Equity benchmark Sensex jumped over 200 points in early trade on Friday, tracking gains in index-heavyweights Infosys, HDFC twins and ICICI Bank amid a largely positive…

CII pitches for Rs3L cr fiscal stimulus to push growth

New Delhi, June 17 The Indian economy requires a Rs 3 lakh crore fiscal stimulus, including cash transfer to households through Jan Dhan accounts to spur economic growth amid the…

RBI gives nod to Centrum Financial Services for small finance bank

The Fact News Service Mumbai , June 18 The Reserve Bank of India (RBI) on Friday decided to grant in-principle approval to Centrum Financial Services Ltd to set up a…

Sensex drops 179 points; Nifty ends below 15,700

Mumbai, June 17 Equity benchmark Sensex tumbled 179 points on Thursday, weighed by losses in index heavyweights HDFC twins, ICICI Bank and Axis Bank amid a largely negative trend in…

Microsoft names India-born CEO Satya Nadella as company’s chairman

New Delhi, June 17 Microsoft’s India-born CEO Satya Nadella has been named the company’s Chairman, an additional role in which he will “lead the work to set the agenda for…

IT firms set to slash 3 million jobs by 2022

Mumbai, June 17 With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to…

GST concessional rate on COVID supplies valid till Sept 30: Finance Ministry

New Delhi, June 16 The concessional rate of goods and services tax (GST) applicable on the COVID-related essential items will be valid September 30, 2021, said the Ministry of Finance.…

Gold jewellery hallmarking is mandatory now

New Delhi, June 16 Hallmarking of gold jewellery is a must from today, in a move aimed at ensuring the purity of gold and standard rates for customers. The government…

Govt says only PAN, Aadhar needed for registering small businesses

New Delhi, June 16 The Government has said that only Permanent Account Number (PAN) and Aadhar card will be required for registration of micro, small and medium enterprises (MSMEs), a…

Covid second wave has hit domestic demand: RBI Report

New Delhi, June 16 The Reserve Bank of India (RBI) has observed that the Indian economy continues to wrestle with the second wave of Coronavirus pandemic even though cautious optimism…