Business

 Crescent Kashmir

GST consensus under threat as revenue falls

GST consensus under threat as revenue falls

Consensus has guided 40 meetings of the Goods and Services Tax (GST) Council since its inception, but differences between the Centre and fiscally stressed states within the federal tax body are becoming increasingly difficult to reconcile. The Council, which will meet later this month, is set to see sharp differences emerge over the central government’s […]

 Crescent Kashmir

Reliance launches unlimited free conferencing app JioMeet as competition to Zoom

Reliance launches unlimited free conferencing app JioMeet as competition to Zoom

After raising billions of dollars from the likes of Facebook and Intel for its digital business, billionaire Mukesh Ambani’s Reliance Industries has launched JioMeet video-conferencing app with unlimited free calling that is being seen as rate war on rival Zoom. The JioMeet video-conferencing app is available across Android, iOS, Windows, macOS and web since Thursday […]

 Crescent Kashmir

India not to import power equipment from China: Power Minister

India not to import power equipment from China: Power Minister

Power Minister RK Singh on Friday said India would not import power equipment from China, amid a border standoff with China. During a virtual press conference with state counterparts, he also asserted that the equipment import from China and Pakistan would not be permitted especially on the basis of inspection. He further said the state […]

 Crescent Kashmir

GST posts 46% jump from May, but still 9% short of June ’19 collections

GST posts 46% jump from May, but still 9% short of June ’19 collections

The Goods and Services Tax (GST) collection, a weathervanes of economic health, posted a 46% jump in June over the previous month, coming in at Rs 90,917 crore, indicating a recovery in business activity following a 68-day nationwide lockdown, although the number is still 9% short of the Rs 99,939 crore collected in June last […]

 Crescent Kashmir

Gold climbs to nearly 8-year high as growing Covid-19 fears lift demand

Gold climbs to nearly 8-year high as growing Covid-19 fears lift demand

Gold rose to its highest in nearly eight years on Wednesday, as demand for the safe-haven metal was boosted by worries about the global economic impact of surging coronavirus infections in many countries. Spot gold was up 0.4% at $1,788.06 per ounce by 0743 GMT, its highest level since early October 2012. US gold futures […]

 Crescent Kashmir

Honda City 2020 petrol first drive review: Sedan syndrome strikes good again

Honda City 2020 petrol first drive review: Sedan syndrome strikes good again

Sedans may have taken the bulk of the beating ever since SUVs began flexing muscles in India but one car that has managed to doggedly stand the test of time is the Honda City. Despite being on roads for well over two decades, the City has managed to keep reinventing itself to keep up with […]

 Crescent Kashmir

Second stimulus may stop contraction in the economy: EY India report

Second stimulus may stop contraction in the economy: EY India report

A second round of fiscal stimulus in the latter part of the financial year may help arrest the strong contractionary momentum in the Indian economy, and a borrowing-based full implementation of Rs 111 lakh crore is needed to restore growth and generate tangible employment, consultancy firm EY India said in its latest edition of Economy […]

 Crescent Kashmir

Petrol price up 25 paise, diesel 21 paise; rates hiked by Rs 9.12, Rs 11.01 in 3 weeks

Petrol price up 25 paise, diesel 21 paise; rates hiked by Rs 9.12, Rs 11.01 in 3 weeks

Petrol price on Saturday was hiked by 25 paise per litre and diesel by 21 paise, taking the cumulative increase in rates in three weeks to Rs 9.12 and Rs 11.01, respectively. Petrol price in Delhi was hiked to Rs 80.38 per litre from Rs 80.13, while diesel rates were increased to Rs 80.40 a […]

 Crescent Kashmir

Virus disruption will push rupee to record 80/dollar, says Reliance forex head

Virus disruption will push rupee to record 80/dollar, says Reliance forex head

Mumbai: The growth shock to India’s economy from the coronavirus pandemic will trigger more weakness in the rupee, dragging it toward an unprecedented 80-per dollar level. That’s the view from Venkat Thiagarajan, who has traded currency markets for 26 years, and most recently served as the head of forex at Reliance Industries Ltd., which runs India’s […]

 Crescent Kashmir

Rupee rises 5 paise to 76.15 against US dollar in early trade

Rupee rises 5 paise to 76.15 against US dollar in early trade

The rupee appreciated 5 paise to 76.15 against the US dollar in early trade on Monday tracking gains in the domestic equity market and sustained foreign fund inflows. Forex dealers said a weak US dollar against major currencies overseas also helped the domestic unit. However, rising crude prices and fresh spike in coronavirus cases restricted the gains. […]

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