ECONOMY
Crude oil futures traded marginally decrease on Tuesday morning as bearish sentiments prevailed over demand for the commodity among the many individuals of the Asia Pacific Petroleum Convention (APPEC) in Singapore. At 9.54 am on Tuesday, November Brent oil futures had been at $71.76, down by 0.11 per cent, and October crude oil futures on … Read more
The Ministry of Petroleum & Pure Fuel (MoPNG) stated on Monday that state-run Indian Oil Company (IOCL) has signed a 15 yr settlement with the Abu Dhabi Nationwide Oil Firm (ADNOC) to provide 1 million tonnes liquefied pure fuel (LNG) yearly. Apart from, a memorandum of understanding (MoU) was signed between ADNOC and the India … Read more
The GST Council will contemplate charge re-structuring for well being and life insurance coverage premia in its subsequent assembly to be held in November, Finance Minister Nirmala Sitharaman introduced right here on Monday. The Council has determined to arrange a Group of Ministers (GoM) to take a look at discount tax charge on life and … Read more
The brand new Nationwide Cooperative Coverage is prone to be unveiled in subsequent 2-3 months and it’s virtually prepared, Cooperation Secretary Ashish Kumar Bhutani informed reporters on the sidelines of an occasion on Monday. “We’re within the final stage of finalising the brand new nationwide cooperative coverage and it is going to be introduced within … Read more
The Ministry of New & Renewable Power (MNRE) has floated the draft modification for together with photo voltaic photovoltaic (PV) cells within the Accredited Checklist of Fashions and Producers (ALMM). The Ministry has additionally sought responses from the stakeholders, which might be despatched by October 6, 2024. Up to now, Indian-made modules are a part … Read more
The 54th GST Council assembly is about to make a significant determination on the GST charge on medical insurance premiums on Monday. Based on sources, the GST Council is probably going to offer vital aid to people and senior residents by slashing the GST charge on medical insurance premiums. Presently, there’s an 18 per cent … Read more
SpiceJet promoter and chairman Ajay Singh could offload greater than 10 per cent stake within the struggling service as a part of the most recent funding spherical that’s anticipated to shut by the tip of September, in line with sources. The finances service — which is grappling with a number of woes, together with monetary … Read more
The CA Institute has constituted a 16-member group to information the Central Council on the problems round NFRA’s proposed modifications to a key auditing normal SA 600 on ‘Utilizing the Work of One other Auditor’. This group is predicted to current a report, and a notice for the consideration of the ICAI Central Council, which is … Read more
World funds have poured near $18 billion into the Indian authorities debt because the September 2023 index inclusion announcement of J P Morgan Chase & Co, knowledge with depositories confirmed. JP Morgan had then introduced that it might add from June 28, the Indian authorities bonds to its international rising markets index for presidency bonds, … Read more
Sugar mills, which predict a constructive choice on their demand to allow export of some amount of sugar subsequent season (October-September), could also be dissatisfied. There isn’t a such plan by the federal government till no less than December, 2024, official sources mentioned. The federal government in October 2023 issued a notification, proscribing sugar export … Read more