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Economy

CBIC withdraws circular clarifying 5% GST on catering services by Educational Mess and Railways

CBIC withdraws circular clarifying 5% GST on…

New Delhi, Aug 2 (KNN) The circular levying 5 per cent Goods and Services Tax (GST) on the catering services provided by the Mess or canteen in educational…

RBI hikes repo rate by 26 bps to 6.50%

RBI hikes repo rate by 26 bps…

Mumbai, Aug 1 (KNN) The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC), headed by governor Urjit Patel, today hiked the policy…

India’s Mfg PMI drops to 52.3 in July from a six-month high of 53.1 in June

India’s Mfg PMI drops to 52.3 in…

New Delhi, Aug 1 (KNN) The Nikkei India Manufacturing PMI dropped to 52.3 in July of 2018 from a six-month high of 53.1 in the preceding month.

However,…

Safeguard duty imposed on imports of solar cells from China and Malaysia for two years

Safeguard duty imposed on imports of solar…

New Delhi, July 31 (KNN) In a move to protect the domestic industry from sharp rise in import of solar cells, a safeguard duty has been imposed in the imports…

Govt has not made any assessment of direct impact of Walmart-Flipkart deal on small traders: MoS Commerce & Industry

Govt has not made any assessment of…

New Delhi, July 30 (KNN) The Government has not made any assessment of the direct impact of Walmart and Flipkart deal on small traders, Minister of State…

More SMEs tapping capital market to raise funds; BSE SME has 255 & NSE Emerge has 165 listed firms

More SMEs tapping capital market to raise…

Mumbai, July 30 (KNN) It seems more and more small and medium enterprises (SMEs) are opting to raise money through IPOs by registering themselves with Stock…

Draft of new simplified GST return filing form to be out by Monday; industry can send comments: GST Commissioner

Draft of new simplified GST return filing…

New Delhi, July 27 (KNN) The Finance Ministry will put the draft of new simplified GST return filing form on its website by Monday, Upendra Gupta, GST Commissioner…

MSME lender Aye Finance raises $10 Mn via Triple Jump B.V and MicroVest Fund

MSME lender Aye Finance raises $10 Mn…

New Delhi, July 26 (KNN) CapitalG backed fintech lender, Aye Finance, has raised USD 10 Million in debt funding from leading global impact investment…

Invest India and Business France Sign Mou to promote investment and cooperation between start-ups

Invest India and Business France Sign Mou…

New Delhi, July 26 (KNN) Invest India and Business France have signed an MoU to promote investment facilitation and cooperation between start-ups of India…

Declining value of Rupee against Dollar is mainly because of large scale withdrawal of foreign investment in last 1 yr: CPI

Declining value of Rupee against Dollar is…

New Delhi, July 25 (KNN) Raising concern over declining value of Rupee against Dollar, Lok Sabha MP from Kerala has asked the about the preventive measures…