New Delhi | In a big development, the Enforcement Directorate (ED) on Friday arrested Naresh Goyal, the founder of Jet Airways, in connection with a money laundering case, sources said. The sources said that Goyal was arrested at around 10 p.m. on Friday after a marathon interrogation in connection with causing Rs 538 crore loss […]
Category: Business
Union Cabinet approves Rs 200 cut in LPG cylinders
New Delhi | With eyes set firmly on the forthcoming elections, the Union Cabinet on Tuesday approved reduction in prices of LPG gas cylinders by Rs 200 for all connection holders. In addition to this, the Cabinet also cleared the proposal to give 75 lakh new LPG cylinders connections under the Ujjwala scheme, thus taking […]
Govt imposes 40% duty on onion export
New Delhi | The government on Saturday imposed a 40 per cent export duty on onion exports till December 31. The announcement was made through a notification on Saturday. This notification shall come into force with immediate effect, and will remain in force up to and inclusive of the December 31, 2023. The prices of […]
28% GST levy on online gaming and casinos likely from Oct 1 onwards, review after 6 months: FM
New Delhi | The GST Council on Wednesday decided to implement the 28 per cent levy on online gaming and casinos, most likely from October 1 onwards. It was further decided that once the GST levy becomes applicable on October 1, it will be reviewed after six months, and if need arises, changes may be […]
RBI to withdraw Rs 2,000 currency notes; to continue as legal tender
New Delhi | The Reserve Bank of India (RBI) on Friday said that it will withdraw the Rs 2,000 denomination banknote from circulation but it will continue as legal tender. In a statement, the RBI said: “The 2,000 denomination banknote was introduced in November 2016 primarily to meet the currency requirements of the economy in an […]
Shakti Bhog Foods CMD arrested for fraud
New Delhi | The Chief Managing Director of Shakti Bhog Foods Ltd, Kewal Krishan Kumar, was arrested from the national capital on Thursday in a fraud and cheating case. According to sources, Kumar has been arrested by the Economic Offences Wing (EOW) of Delhi Police. “Kumar and other accused directors of the company had issued […]
Indian-origin Ajay Banga becomes 14th President of World Bank
Washington | Ajay Banga, an Indian-origin American, was on Wednesday selected as the President of the World Bank by its executive directors for a five-year term starting June 2. “The Board looks forward to working with Mr. Banga,” the World Bank Board said in a statement. Banga was the nominee of President Joe Biden of the […]
NPCI clarifies that customers won’t be charged for UPI transactions
New Delhi | The National Payments Corporation of India (NPCI) on Wednesday said that it has now permitted the Prepaid Payment Instruments (PPI wallets) to be part of the interoperable UPI ecosystem and there is no charge for customers. Additionally, there are no charges for the bank account to bank account based UPI payments (normal UPI […]
Deadline for linking PAN with Aadhar extended
New Delhi | In order to provide some more time to taxpayers, the date for linking PAN with Aadhaar has been extended to June 30. The earlier deadline was March 31. According to a notification issued by the Income Tax Department on Tuesday, till June 30, people can intimate their Aadhaar to the prescribed authority for […]
OYO Rooms founder Ritesh Agarwal’s father falls to death from high-rise
Gurugram | Ramesh Prasad Agarwal, the father of Ritesh Agarwal, Founder and Group CEO of OYO, died on Friday after falling from a 20th floor balcony of a high-rise in Gurugram. The incident took place at a gated apartment complex located in DLF Phase-5 in Sector 54. According to the police, at around 1 p.m. […]