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Day: June 29, 2022

PSU refiners to lose monopoly over domestic crude from October 1

PSU refiners to lose monopoly over domestic crude from October 1

June 29, 2022 0

Domestic producers will be free to sell crude from their fields to government and private refineries from October 1, ending the historical monopoly of state-run […]

Rate tweaks to make up for inefficiencies in value chain: FM

Rate tweaks to make up for inefficiencies in value chain: FM

June 29, 2022 0

Finance minister Nirmala Sitharaman on Wednesday said any increase in GST rates under the rate rationalisation exercise is intended to make up for the ‘inefficiencies’ […]

Twitter gets time till July 4 to comply with all govt orders

Twitter gets time till July 4 to comply with all govt orders

June 29, 2022 0

The government has issued a notice to Twitter to comply with all its past orders by July 4, an official source said on Wednesday. The […]

No decision on extending GST compensation to states

No decision on extending GST compensation to states

June 29, 2022 0

The GST Council on Wednesday took no decision on extending beyond this month the compensation paid to states for revenue lost from the implementation of […]

Govt approves deregulation of domestically produced crude oil

Govt approves deregulation of domestically produced crude oil

June 29, 2022 0

The Union Cabinet on Wednesday approved deregulation of sale of domestically produced crude oil in a bid to remove irregularities and boost revenue.Briefing the media […]

India forced to ship in gasoline, diesel as shortages flare up

India forced to ship in gasoline, diesel as shortages flare up

June 29, 2022 0

Gasoline imports rose to about 13,000 barrels a day in the first half of June, a seven-month high, according to Vortexa Ltd. Diesel imports, meanwhile, […]

Mukesh Ambani’s daughter set to be named chair of retail unit

Mukesh Ambani’s daughter set to be named chair of retail unit

June 29, 2022 0

Isha Ambani is set to be named chairman of the Reliance conglomerate’s retail unit in another sign that her father, billionaire Mukesh Ambani, is pushing […]

GST Council meeting: What will become costlier? Complete list

GST Council meeting: What will become costlier? Complete list

June 29, 2022 0

The 47th GST Council chaired by the Union finance minister Nirmala Sitharaman ​​​​is likely to discuss on Wednesday the demand for an extension to the […]

Rupee hits record low of 78.96 against US dollar in early trade

Rupee hits record low of 78.96 against US dollar in early trade

June 29, 2022 0

The rupee depreciated 11 paise to a record low of 78.96 against the US dollar in opening trade on Wednesday, weighed down by persistent foreign […]

Unbranded packet food to come under GST

Unbranded packet food to come under GST

June 29, 2022 0

The GST Council on Tuesday accepted the recommendations of a panel of ministers to do away with exemptions on several goods and services, including some […]

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