Business, Economy, 24th Apr 2019, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 01:40 AM IST

Business Economy 24 Apr 2019

Business, Economy, 24 Apr 2019

During April-December 2018, 3,626 cases of GST evasion/violations involving Rs 15,278 crore were detected.

FinMin brings in changes in e-way bill system to check GST evasion

Electronic way or e way bill was rolled out in 2018, for moving goods worth over Rs 50,000 from one state to another.

24 Apr 2019 8:51 PM

At the Interbank Foreign Exchange (forex), the rupee opened sharply lower at 69.80 and further fell to a four-month low of 69.97.

Rupee falls by 24 paise on strong dollar demand

Foreign fund inflows and strong gains in equity markets helped Rupee reverse some of the losses before close.

24 Apr 2019 7:36 PM

CBIC has notified the simplified 'statement for payment of self-assessed tax' in Form GST CMP08 to be filed by taxpayers who have opted for composition scheme, under which businesses have to pay lower rate of tax on their turnover.

Composition scheme biz to now file simplified 'self-assessed' GST return quarterly

Composition scheme businesses will file the April-June quarter returns in July as per the new format.

24 Apr 2019 7:26 PM

Rhe wireless broadband subscriber base maintained strong momentum, demonstrating a growth of two per cent during the month of February. (Representational Image)

Wireless broadband subscriber base touches 532 mn in Feb: ICRA

The wireless subscribers increased to 1,183.7 million in Feb 2019, adding 1.7 million subscribers over the previous month.

24 Apr 2019 7:08 PM

Around 28.54 lakh tonnes of wheat has been purchased in Haryana and 18.89 lakh tonnes in Madhya Pradesh so far in the current marketing year. (Photo: PTI)

Govt procures 55.17 lac tons of wheat so far this year

Haryana and Madhya Pradesh have contributed the most to wheat procurement so far, an official said.

24 Apr 2019 6:03 PM

As per the WTO rules, these countries would have to seek approval from India and the EU to join the consultation process.

Canada, Thailand seek to join WTO consultations over India tariff issue

The US, Singapore and Chinese Taipei had also expressed their interest to join consultations in this dispute on Tuesday.

24 Apr 2019 5:03 PM

"Benign food inflation and easier global financial conditions following the US Fed's shift to a more dovish policy stance has enabled the Reserve Bank of India (RBI) to become the first central bank in Asia-Pacific (APAC) to begin an explicit easing cycle," Fitch said in its APAC sovereign credit overview report.

RBI first APAC central bank to begin interest rate easing cycle: Fitch

Fitch has a 'BBB-', the lowest investment grade, rating on India, with a stable outlook.

24 Apr 2019 3:23 PM

At the May 2 repurchase, the RBI said it will repurchase five securities with dates of maturity extending from next year to 2032.

RBI announces Rs 25,000 cr liquidity injection in May as liquidity dries up

The purchase, called as open market operations (OMOs), will be undertaken in two equal tranches with the first one on May 2.

24 Apr 2019 2:26 PM

cra said a USD 10 a barrel increase in oil prices will lead to a 0.10 per cent increase in the headline inflation. (Representational Image)

Rising crude prices to adversely impact CAD, rupee, inflation: Report

A 10 pc spike in crude prices can result in a 0.40 pc widening of the CAD and also push up inflation by 0.24 pc.

24 Apr 2019 2:15 PM

The RBI set a premium of 8.38 rupees at the three-year buy-sell swap auction and accepted the entire planned USD 5 billion up on offer.

RBI sets high cut-off at forex swap auction, forward rates jump

The cut-off levels, much higher than the market ones, showed the excess dollar liquidity in the system, dealers said.

24 Apr 2019 8:36 AM

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Sunil Gatade