Dealers Care: December 2021

Friday, 31 December 2021

IT raids on 2 cellphone firms find Rs 1,400-crore understating of profit

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Evidence has emerged that the two companies could be under-stating taxable profit by more than Rs 1,400 crore. from News https://ift.tt/3m...

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News

Third Covid wave jitters: Core sector growth slows to 9-month low in Nov

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Centre's fiscal deficit touches 46.2% of annual target till November-end from News https://ift.tt/3zdtVer

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News

Digital transaction volume grew at 50% in four years, shows data

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Around 368,000 candidates have signed up for The FutureSkills PRIME ecosystem that aims to reskill or upskill 412,000 professionals from N...

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News

Retail, MSME credit shows steady growth in November: RBI report

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Reserve Bank of India in a statement said that retail loans continued to expand at a double digit rate from News https://ift.tt/3JySdEv

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News

Centre's fiscal deficit touches 46.2% of annual target till Nov-end

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The fiscal deficit had surged to 135.1% of the full-year target during the same period last fiscal year from News https://ift.tt/3FK1A1K

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Market Roundup: Sensex rises by 459 points, Nifty ends at 17,354; check top winners and losers here

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The domestic market indices NSE BSE Sensex and Nifty 50, on Friday, 31 December, ended the day in green, bringing joy to investors on the la...

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News

India Inc welcomes deferment of proposed GST hike on textiles

जेके भैया December 31, 2021 0 Comments

The proposal intended to hike GST rate on apparel from 5 to 12 per cent from News https://ift.tt/3zecPgf

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News

GST Council defers rate hike in textiles, refers issues to ministers group

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'We will retain the status quo', says Finance Minister Nirmala Sitharaman after emergency meeting in Delhi. from News https://ift....

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News

'Registration of homes in Mumbai city declines 52% in Dec; up 70% for 2021'

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In the entire last year, 65,633 homes were registered from News https://ift.tt/3sMDNuc

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Thursday, 30 December 2021

News

Semiconductor mission launched by IT minister Ashwini Vaishnaw

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The India Semiconductor Mission is a specialised and independent business division within the Digital India Corporation from News https://...

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News

Food subsidy in FY22 to be about Rs 4 trn vs BE of Rs 2.4 trn: Food secy

जेके भैया December 30, 2021 0 Comments

Under NFSA, the Centre gives highly subsidised food grains at Rs 1-3 per kg to over 810 million people through the public distribution syste...

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News

Fully support idea of deploying 5G 'small cells' on electric poles: COAI

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The association noted that a key driver of effective 5G implementation is deployment of small cells from News https://ift.tt/3HprvMI

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News

TN FM seeks unconditional borrowings of 5% GSDP for FY23 owing to Covid

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TN FM also seeks merging cesses, surcharges into pool of taxes shared with states from News https://ift.tt/33Yw2qK

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Market Roundup: Sensex falls by 12 points, Nifty ends at 17,203; check top winners and losers here

जेके भैया December 30, 2021 0 Comments

The domestic market indices BSE Sensex and NSE Nifty 50 incurred minor losses to end flat with a negative bias on Thursday, 30 December. Sen...

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News

States demand extension of GST compensation for another 5 years

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The GST compensation to states for revenue shortfall resulting from subsuming of local taxes such as VAT in the uniform national tax Goods a...

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Wednesday, 29 December 2021

News

Govt extends FY21 GST annual return filing deadline till February 28

जेके भैया December 29, 2021 0 Comments

The government has extended by two months till February 28 the deadline for businesses to file GST annual returns for 2020-21 fiscal ended M...

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Petrol, diesel prices today: Rates static on 30 December, check here what you need to pay in your city

जेके भैया December 29, 2021 0 Comments

Petrol and diesel prices remained unchanged for over a month on Thursday, 30 December. The Delhi government had earlier decided to reduce t...

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News

Jharkhand to give subsidy of Rs 25/ltr on fuel prices to BPL families

जेके भैया December 29, 2021 0 Comments

The Jharkhand government announced a subsidy of Rs 25 per litre on petrol and diesel prices for people living below the poverty line in the ...

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News

Atal Innovation Mission releases compendium of innovations on agri, tech

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Niti Aayog's Atal Innovation Mission released a compendium on the innovations on technology. from News https://ift.tt/3pDR5rh

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News

Govt extends FY'21 GST annual return filing deadline till Feb 28

जेके भैया December 29, 2021 0 Comments

The government on Wednesday extended till February 28 the deadline for businesses to file GST annual returns for 2020-21 fiscal ended March ...

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Market Roundup: Sensex ends 90 points lower, Nifty settles at 17,213; today's top winners and losers

जेके भैया December 29, 2021 0 Comments

The domestic market indices BSE Sensex and NSE Nifty 50 on Wednesday, 29 December, ended in minor losses. While Sensex fell by 0.16 percent ...

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Tuesday, 28 December 2021

News

Bihar cabinet approves modernisation of 149 ITIs in collaboration with Tata

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The Bihar cabinet on Tuesday approved a project worth over Rs 4,606 crore for modernisation and urgradation of 149 state-owned Industrial Tr...

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News

J&K signs MoU with Apollo for setting up multi-specialty hospital in Jammu

जेके भैया December 28, 2021 0 Comments

Jammu and Kashmir on Tuesday signed an MoU with Apollo Hospitals for the establishment of a multi-specialty hospital in Jammu. from News h...

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News

Recast scheme to stay afloat, says RBI Trend & Progress report

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The restructured plan included additional time for repayments, more funding support, and conversion of part of working capital into term cre...

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News

Amount recovered through various channels dropped in 2020-21: RBI report

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The IBC route yielded more than Rs 27,000 crore, while around Rs 27,700 crore was recovered through the SARFAESI Act from News https://ift...

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News

Direct-selling companies can't promote pyramid scheme, says govt

जेके भैया December 28, 2021 0 Comments

The direct sellers as well as the direct-selling entities using e-commerce platforms for sale will also need to comply with the requirements...

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ITR filing FY 2020-2021: Just 3 days left for filing returns; here are things to keep in mind

जेके भैया December 28, 2021 0 Comments

Filing Income Tax Returns (ITR) are a tough task for people who are not well versed with the procedure. If the correct procedure is not foll...

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News

Miners body urges govt not to impose anti-dumping duty on caustic soda

जेके भैया December 28, 2021 0 Comments

Aluminium industry is one of the major consumers of caustic soda in the country from News https://ift.tt/3z66yTZ

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Market Roundup: Sensex rises by 477 points, Nifty ends at 17,233; check top winners and losers here

जेके भैया December 28, 2021 0 Comments

The domestic market indices NSE BSE Sensex and Nifty 50, on Tuesday, 28 December, ended the day in green, continuing its positive run this w...

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News

IT Min tweets 'Intel-welcome to India' after top exec lauds chip incentives

जेके भैया December 28, 2021 0 Comments

IT Minister Ashwini Vaishnaw on Tuesday took to Twitter to "welcome" Intel to India following a post by Intel Foundry Services pre...

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News

Rail rake shortage hurts steel delivery of Odisha, Karnataka steel mills

जेके भैया December 28, 2021 0 Comments

Industry officials said inventory build-up at various plant locations is also an issue from News https://ift.tt/32ySpTj

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News

Record foodgrains production likely in 2022 despite pandemic blues

जेके भैया December 28, 2021 0 Comments

India achieved record foodgrains production this year but the withdrawal of three agri-reform laws and spike in cooking oil prices cast a sh...

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Monday, 27 December 2021

News

Increasing production, raw material security steel sector's focus in 2022

जेके भैया December 27, 2021 0 Comments

Increasing per capita steel consumption and production of special steel as well as enhancing raw material security will remain the key focus...

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News

Bangladesh may become India's fourth largest export destination in FY22

जेके भैया December 27, 2021 0 Comments

Bangladesh's growth stems largely from its success as an exporter of garments, which account for around 80 per cent of its total exports...

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News

Commercial 5G services will be rolled out in 13 cities in 2022: DoT

जेके भैया December 27, 2021 0 Comments

The actual rollout would depend upon industry preparedness, though the government has been keen on the Independence Day launch from Ne...

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Firstpost Business Latest News

Amendments in GST regime to be implemented from 1 January: All you need to know

जेके भैया December 27, 2021 0 Comments

In order to prevent fraudulent activities pertaining to billing and recovery, the Union government has made changes to the current Goods and...

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News

Exporters keeping fingers crossed as Covid infections increase

जेके भैया December 27, 2021 0 Comments

India saw the highest single day rise of Omicron infections with 156 fresh cases on Monday from News https://ift.tt/3JmeN2T

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Market Roundup: Sensex rises by 295 points, Nifty ends at 17,086; check top winners and losers here

जेके भैया December 27, 2021 0 Comments

The domestic market indices BSE Sensex and Nifty 50, on Monday, 27 December ended in green bringing some bleated Christmas cheer to investor...

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News

Major edible oil brands cut MRP by 10-15% to give relief to consumers: SEA

जेके भैया December 27, 2021 0 Comments

Major edible oil companies, including Adani Wilmar and Ruchi Soya, have reduced the maximum retail price (MRP) of their products by 10-15 pe...

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Sunday, 26 December 2021

News

AYUSH industry established market of $18 mn in world: Sarbananda Sonowal

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Sarbananda Sonowal has said that the AYUSH industry has succeeded in establishing a market of $18 million in India and the world from News...

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Petrol, diesel prices today: Rates static on 27 December, check here what you need to pay in your city

जेके भैया December 26, 2021 0 Comments

Petrol and diesel prices remained unchanged for over a month on Monday, 27 December. The Delhi government had earlier decided to reduce the...

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News

Decent growth expected in FY23, says MPC member Jayanth R Varma

जेके भैया December 26, 2021 0 Comments

"I believe that monetary policy should be conscious of this risk, and that we should stand ready to prevent such an outcome," he s...

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News

Sunny days await job seekers as economic recovery hopes energise companies

जेके भैया December 26, 2021 0 Comments

The pandemic, which hit the country hard in early 2020, adversely impacted the job market, both formal and informal segments, in most sector...

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News

Host of changes in GST law to come into effect from January 1, 2022

जेके भैया December 26, 2021 0 Comments

The GST regime will see a host of tax rate and procedural changes coming into effect from January 1, including liability on e-commerce opera...

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News

Banking sector set to witness significant reforms in the new year

जेके भैया December 26, 2021 0 Comments

Privatisation of public sector banks and strategic disinvestment of IDBI Bank on the agenda of the government for 2022 from News https://i...

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News

Over 44.3 mn income tax returns filed till December 25 for 2020-21

जेके भैया December 26, 2021 0 Comments

Over 4.43 crore income tax returns (ITRs) for the 2020-21 fiscal have been filed, which includes over 1.16 mn returns filed on December 25, ...

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News

India imposes antidumping duty on 5 Chinese goods for 5 years

जेके भैया December 26, 2021 0 Comments

India has imposed antidumping duties on five Chinese products, including certain aluminium goods and some chemicals, for five years to guard...

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News

Aluminium industry seeks cut in basic custom duty on critical raw materials

जेके भैया December 26, 2021 0 Comments

The domestic aluminium industry has sought reduction in basic custom duty and correction in inverted duty structure on critical raw material...

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Saturday, 25 December 2021

News

439 infrastructure projects show cost overrun of Rs 4.38 trillion

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As many as 439 infrastructure projects, each entailing investment of Rs 150 crore or more, have been hit by cost overruns totalling more tha...

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News

Indian electronics manufacturing sector to touch Rs 7 trn next fiscal

जेके भैया December 25, 2021 0 Comments

The government continues to make efforts to move up in the global electronics supply chain and is expected to come up with new policies and ...

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News

Govt to tweak subsidy policy to promote local production of P&K fertiliser

जेके भैया December 25, 2021 0 Comments

The government on Saturday decided to make changes to the existing nutrient based subsidy (NBS) policy to promote domestic production of pho...

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Friday, 24 December 2021

Firstpost Business Latest News

Market Roundup : Sensex falls by 190 points, Nifty ends at 17,003; check top winners and losers here

जेके भैया December 24, 2021 0 Comments

Ahead of Christmas, the domestic market indices BSE Sensex and NSE Nifty 50 failed to bring cheer to investors, and ended in red on Friday, ...

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News

BofA expects 8.2% GDP growth for India in FY23 with more downside risks

जेके भैया December 24, 2021 0 Comments

The biggest risk to the projection is a derailed consumption demand that has been the main growth driver in the past many years, said the Ba...

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Will 2022 be a year of consolidation for global markets?

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In our view, CY 2022 is going to be a year of consolidation for Global Markets with all the gains accomplished in the last two years. This g...

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News

Govt imposes stock holding limits on soymeal till June 2022 to tame prices

जेके भैया December 24, 2021 0 Comments

Soymeal millers, processors can hold stocks only up to their 90 days of production, says circular. from News https://ift.tt/3EpcyZ8

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News

India and Australia discuss early conclusion of interim trade deal

जेके भैया December 24, 2021 0 Comments

Officials from both nations have been asked to expedite negotiations towards finalisation of the CECA from News https://ift.tt/3ssgqWR

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News

Govt mandates telcos to keep call data, internet usage record for 2 years

जेके भैया December 24, 2021 0 Comments

Department of Telecom (DoT) has extended the duration of archiving call data and internet usage records of subscribers to two years from one...

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News

In India's water-stressed villages, Modi seeks a tap for every home

जेके भैया December 24, 2021 0 Comments

The ambitious project to meet a dire need shows Prime Minister Narendra Modi's strengths and helps explain his popularity despite a weak...

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Thursday, 23 December 2021

News

Indian aviation industry was able to breathe a little easier in 2021

जेके भैया December 23, 2021 0 Comments

Air India's sale to the Tata Group and arrival of Rakesh Jhunjhunwala-backed new airline Akasa Air in 2021 are likely to introduce more ...

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News

Goyal, Australian trade minister holds talk to expedite FTA negotiations

जेके भैया December 23, 2021 0 Comments

The proposed free trade agreement is aimed at enhancing economic ties between the two countries from News https://ift.tt/3mvkB0l

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News

Fuel rates remain unchanged on Thursday; petrol in Mumbai at Rs 109.98

जेके भैया December 23, 2021 0 Comments

Oil marketing companies on Thursday kept the prices of diesel and petrol unchanged across major Indian cities. from News https://ift.tt/3F...

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Wednesday, 22 December 2021

Firstpost Business Latest News

National Retail Trade Policy: How Centre seeks to change retail trading in the country

जेके भैया December 22, 2021 0 Comments

The Parliament was informed earlier this month that the Centre has proposed to have a national retail trade policy for creating a conducive ...

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News

Amid Covid, Pharma, healthcare industry looks to sustain momentum next year

जेके भैया December 22, 2021 0 Comments

Having proved its prowess to the world during the challenging times of the pandemic by supplying 60 per cent of the global COVID-19 vaccine ...

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Gold price today: 10 grams of 24-carat gold touches Rs 47,990; silver at Rs 62,300 per kilo

जेके भैया December 22, 2021 0 Comments

The price of 10 grams of 24-carat gold today, 23 December touched Rs 47,990 after witnessing a fall of Rs 10 as compared to yesterday’s proc...

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Petrol, diesel prices today: Rates constant on 23 December, check here what you need to pay in your city

जेके भैया December 22, 2021 0 Comments

Petrol and diesel prices remained unchanged for over a month on Thursday, 23 December. The Delhi government had earlier decided to reduce t...

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News

Over 25,000 compliances reduced to aid ease of doing biz: DPIIT

जेके भैया December 22, 2021 0 Comments

Over 25,000 compliances have been reduced by Union ministries, states and UTs so far to further improve ease of living and doing business, a...

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News

Centre hikes copra MSP by Rs 255/quintal, ball copra by Rs 400

जेके भैया December 22, 2021 0 Comments

The government on Wednesday decided to increase the minimum support price (MSP) of milling copra by Rs 255 per quintal and ball copra by Rs ...

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News

Govt takes a step towards deregulating PPP tariffs at major ports

जेके भैया December 22, 2021 0 Comments

Currently, major ports' PPP concessionaires handle around 50 per cent of the total traffic handled by all the major ports in India fro...

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News

New provision from Jan 1: GST officials to make surprise recovery visits

जेके भैया December 22, 2021 0 Comments

Those with an annual turnover of up to Rs 5 crore can file quarterly returns, if they choose so from News https://ift.tt/3EnzZ4K

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News

Duty cut could lift India's refined palm oil imports, dent CPO purchases

जेके भैया December 22, 2021 0 Comments

Higher imports of refined palm oil by India, the world's biggest buyer of vegetable oils, could help producers in Indonesia and Malaysia...

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HP Adhesives IPO share allotment today; check steps to check allotment via BSE here

जेके भैया December 22, 2021 0 Comments

The shares of HP Adhesives are expected to be allotted today, 22 December. The company’s three-day Initial Public Offering (IPO) was subscri...

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News

13.2 million candidates trained, oriented till Nov 21 under PMKVY

जेके भैया December 22, 2021 0 Comments

As many as 1.32 crore candidates were trained and oriented across the country as on November 21 this year under Pradhan Mantri Kaushal Vikas...

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News

FMCG players expect better growth, lesser inflationary pressure in 2022

जेके भैया December 22, 2021 0 Comments

With a revival in demand and consumption, FMCG companies are looking forward to 2022 with positivity and hopes of sustaining a healthy growt...

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Tuesday, 21 December 2021

Firstpost Business Latest News

Gold price today: 10 grams of 24-carat gold sold at Rs 48,410, silver reaches Rs 61,900 per kg

जेके भैया December 21, 2021 0 Comments

In India, the price of 10 grams of 24-carat gold reached at Rs 48,410 today, 22 December, after observing a fall of Rs 230 when compared to ...

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News

Industry bodies urge RBI to extend card tokenisation deadline of Dec 31

जेके भैया December 21, 2021 0 Comments

The Merchant Payments Alliance of India (MPAI) and the Alliance of Digital India Foundation (ADIF) urged RBI to extend the card-on-file (CoF...

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Zee Entertainment approves merger with Sony Pictures Networks India: all you need to know

जेके भैया December 21, 2021 0 Comments

Zee Entertainment Ltd (ZEEL) and Sony Pictures Networks India Ltd (SPNI) have signed a definitive agreement to merge the two companies and f...

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News

Centre in RS lists steps taken to improve flow of credit to MSME sector

जेके भैया December 21, 2021 0 Comments

Dr Bhagwat Kisanrao Karad has said that the Centre has announced Emergency Credit Line Guarantee Scheme as part of the Aatma Nirbhar Bharat ...

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News

Govt appoints non-official directors on boards of various banks

जेके भैया December 21, 2021 0 Comments

The government has appointed Non-Official Director (NOD) on the board of these banks for three years from News https://ift.tt/33PNTQM

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News

Cash support to Covid-hit economy with fiscal consolidation in focus: Govt

जेके भैया December 21, 2021 0 Comments

Lower fiscal deficit during H1 implies that the economy is, slowly but surely, getting back on the rails, it said from News https://ift.tt...

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News

Centre cuts duty on refined oils, extends import tenure of pulses

जेके भैया December 21, 2021 0 Comments

For tur and urad, the cargo should arrive in India before June 30, 2022 from News https://ift.tt/3pjsfNe

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News

Oil ministry launches seventh round for oil & gas block auctions

जेके भैया December 21, 2021 0 Comments

Award of these blocks is likely to be completed by the end of March 2022 from News https://ift.tt/3eeKc9c

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Monday, 20 December 2021

Firstpost Business Latest News

Gold price today: 10 grams of 24-carat gold reaches Rs 48,630; silver at Rs 61,400 per kilo

जेके भैया December 20, 2021 0 Comments

The purchasing price of 10 grams of 24-carat gold today, 21 December, stood at Rs 48,630 after witnessing a fall of Rs 10 in its rate when c...

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News

Didn't underestimate spending provisions in Budget: FM Sitharaman

जेके भैया December 20, 2021 0 Comments

Lok Sabha gives assent to additional net spending of Rs 2.99 trn from News https://ift.tt/32l1C1l

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News

Traders can import refined palm oil without licence till end of 2022: Govt

जेके भैया December 20, 2021 0 Comments

It, however, added that the import is not permitted through any port in Kerala from News https://ift.tt/3Ji3tFd

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News

10-year bond yields rise to a 20-month high on rate hike 'signal'

जेके भैया December 20, 2021 0 Comments

Monday's rise in bond yields was also triggered by the quarter-end selling by mutual funds and other investors, said bond dealers from...

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News

Govt will focus on reducing compliance burden: PM Modi assures India Inc

जेके भैया December 20, 2021 0 Comments

This was the second such interaction of the prime minister with industry representatives in the run-up to the next Union Budget from News ...

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News

Average value of UPI, RuPay transactions below Rs 2000, marking stagnancy

जेके भैया December 20, 2021 0 Comments

Digital transactions have increased many times, but their average ticket size is not growing for the domestic payments card. from News htt...

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News

Coal to stay as major source of energy in foreseeable future: Joshi

जेके भैया December 20, 2021 0 Comments

Despite push for renewables, the country will require base load capacity of coal-based generation for stability and also for energy security...

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News

Oil prices slide as rapid Omicron spread dims fuel demand outlook

जेके भैया December 20, 2021 0 Comments

The Netherlands went into lockdown on Sunday and the possibility of more COVID-19 restrictions being imposed ahead of the Christmas and New ...

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News

Call centres' response quicker, better this year as demand surges: Study

जेके भैया December 20, 2021 0 Comments

Ozonetel report analysed 24 million calls made on the company's platform by nearly 61,914 active agents. from News https://ift.tt/3GZm...

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News

Odisha bags proposals worth Rs 2.48 trillion from steel sector in 6 months

जेके भैया December 20, 2021 0 Comments

Raw material, port facilities, slurry pipe infrastructure make the state a "popular" choice from News https://ift.tt/3qa8FCe

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News

Greater payment security net for gencos to ensure 24x7 power supply

जेके भैया December 20, 2021 0 Comments

A greater payment security mechanism for power generation companies to ensure timely payouts for supply of electricity will be in focus in 2...

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News

Domestic retail sales in November up 9% over pre-pandemic levels: RAI

जेके भैया December 20, 2021 0 Comments

Retail sales in India in November grew by 9 per cent over the pre-pandemic levels of the same month in November 2019 signaling improvement i...

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Sunday, 19 December 2021

Firstpost Business Latest News

Gold price today: 10 grams of 24-carat gold at Rs 48,680; silver touches Rs 62,200 per kilo

जेके भैया December 19, 2021 0 Comments

Ten grams of 24-carat gold in the country reached at Rs 48,680 today, 20 December, after witnessing a fall of Rs 10 as compared to yesterday...

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News

India seeks cooperation with Central Asia to help Afghanistan

जेके भैया December 19, 2021 0 Comments

The Indian government is concerned about how Taliban rule could impact security in the region, especially in India's restive northern st...

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News

What ails Personal Data Protection Bill, 2019?

जेके भैया December 19, 2021 0 Comments

After two years of deliberations, a parliamentary panel submitted its recommendations on India's Personal Data Protection Bill. Let us s...

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News

Jute industry suffers Rs 1,500cr loss amid raw material crisis: Sources

जेके भैया December 19, 2021 0 Comments

The jute sector has suffered a notional loss of Rs 1,500 crore due to dilution of 4.81 lakh bales of hessian bag orders in favour of plastic...

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News

UP aiming to become semiconductor hub as India expects massive investment

जेके भैया December 19, 2021 0 Comments

The Yogi Adityanath government has promised to offer a slew of incentives and support to the companies and technology startups for setting u...

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News

CEOs expect growth rate of 9-10% in current fiscal, says CII poll

जेके भैया December 19, 2021 0 Comments

Indian economy is all set for a strong rebound in the current fiscal posting a growth rate of 9-10%, says a CEOs poll conducted among the me...

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News

India's coal import declines 27% to 16 mn tonnes in October

जेके भैया December 19, 2021 0 Comments

India's coal import registered a decline of 26.8 per cent to 15.75 million tonnes (MT) in October over the same month a year ago. The co...

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India exports likely to fly high in New Year on global demand recovery

जेके भैया December 19, 2021 0 Comments

After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Ye...

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Industry wants govt to speed up activation of space sector regulator

जेके भैया December 19, 2021 0 Comments

They said the government should come out with various sectoral policies so that there is clarity for the private players from News https:/...

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Saturday, 18 December 2021

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Petrol, diesel prices today: Rates static on 19 December, check here what you need to pay in your city

जेके भैया December 18, 2021 0 Comments

Petrol and diesel prices remained unchanged for over a month on Sunday, 19 December. The Delhi government had earlier decided to reduce the...

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