Arun Jaitley to head panel on HPCL stake sale to ONGC
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Arun Jaitley to head panel on HPCL stake sale to ONGC

Arun Jaitley to head panel on HPCL stake sale to ONGC Finance Minister Arun Jaitley will head a 3-member ministerial panel to oversee and expedite the sale of government stake in oil refiner HPCL to explorer ONGC, Oil Minister Dharmendra Pradhan said today. Hindustan Petroleum Corp Ltd (HPCL) will remain a public …

Over 36 lakh bank accounts saw cash deposit of Rs 10 lakh or more
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Over 36 lakh bank accounts saw cash deposit of Rs 10 lakh or more

Over 36 lakh bank accounts saw cash deposit of Rs 10 lakh or more Over 36 lakh bank accounts have seen cash deposits of Rs 10 lakh or more in a financial year, Parliament was informed today. Rule 114E of the Income Tax Rules says banks, including cooperative banks, have to report to taxmen cash deposits …

Print post-GST MRP on products or go to jail, Paswan warns companies
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Print post-GST MRP on products or go to jail, Paswan warns companies

Print post-GST MRP on products or go to jail, Paswan warns companies Consumer Affairs Minister Ram Vilas Paswan on Friday warned of a fine of up to Rs 1 lakh, including a jail term, if new post GST rates are not printed on the inventory in the interest of consumers. Manufacturers have been allowed to clear the …

GST and subsidy reduction to increase your monthly LPG bill
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GST and subsidy reduction to increase your monthly LPG bill

GST and subsidy reduction to increase your monthly LPG bill Your monthly LPG bill is set to rise by nearly Rs 32, thanks to the joint blow dealt by the Goods and Services Tax (GST) and a reduction in subsidy, say reports. It might look like a relief that domestic LPG cylinders are placed under the lowest GST slab …

Indians hit stores in shopping frenzy ahead of new sales tax
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Indians hit stores in shopping frenzy ahead of new sales tax

Indians hit stores in shopping frenzy ahead of new sales tax At a crowded New Delhi market plastered with posters announcing massive sales, shoppers were vacuuming up household gadgets and high-end electronics in the last days before India’s new sales tax takes effect. The single, nationwide tax starting …

Mutual fund exposure to bank stocks at record Rs 1.44 lakh crore
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Mutual fund exposure to bank stocks at record Rs 1.44 lakh crore

Mutual fund exposure to bank stocks at record Rs 1.44 lakh crore Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs 1.44 lakh crore at the end of May, mainly due to cheaper valuations. In comparison, the figure was Rs 90,014 crore …