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 …

All states sans J&K pass SGST Bill to keep date with July 1
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All states sans J&K pass SGST Bill to keep date with July 1

All states sans J&K pass SGST Bill to keep date with July 1 All states and Union Territories, barring Jammu and Kashmir, have passed their State GST Act, paving the way for rollout of the Goods and Services Tax from the mid-night of June 30-July 1. While Kerala and West Bengal have issued an ordinance to …

Mumbai petrol dealers say they are unprepared for daily price change
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Mumbai petrol dealers say they are unprepared for daily price change

Mumbai petrol dealers say they are unprepared for daily price change With the dynamic system of fuel pricing all set to make a debut across the nation from tomorrow, petrol pump owners in the city feel the liabilities of the public sector oil companies have been conveniently pushed on to their heads. This …

Sensex gains 52 points, Nifty advances as inflation cools off
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Sensex gains 52 points, Nifty advances as inflation cools off

Sensex gains 52 points, Nifty advances as inflation cools off The benchmark BSE Sensex rose by 52 points to close at 31,155.91 points today in a volatile trade as oil and gas, banking and pharma stocks gained amid positive global cues. Inflation based on the wholesale price index fell to a five-month low of 2.17 …