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Last updated: 05 Sep, 2017  
 India Economy News


IOC Q2 profit soars on big inventory gains
SME Times News Bureau | 30 Oct, 2020
Country's largest public sector refiner Indian Oil Corporation on Friday reported an over 11 times jump in its second quarter net profit to Rs 6,227 crore due to higher inventory gain and exchange gains.
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SC to hear all pleas against IBC's personal insolvency provisions
SME Times News Bureau | 30 Oct, 2020
The Supreme Court on Thursday ordered the transfer, to itself, of all petitions pending before various High Courts against the provisions of Insolvency and Bankruptcy Code (IBC) with regard to personal insolvency.
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100% vehicle tax waiver till Dec 31 for Punjab bus operators
SME Times News Bureau | 30 Oct, 2020
In a major relief to bus operators in Punjab, Chief Minister Amarinder Singh on Friday ordered 100 per cent waiver on motor vehicle tax till December 31 for all stage carriage, mini and school buses, while deferring payment of arrears of taxes without interest and penalty till March 31, 2021.
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Delhi man held on charge of forging Rs 392-cr input tax credit
SME Times News Bureau | 30 Oct, 2020
A Delhi resident was arrested by a team of Directorate General of GST Intelligence's (DGGI) Gurugram Zonal Unit on charges of creating and operating fictitious firms on forged documents and passing fake input tax credit totalling over Rs 392 crore through issuance of invoices without actual receipts/supply of goods or services.
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Fresh identification of PSUs gives momentum to govt's sell-off plan
SME Times News Bureau | 30 Oct, 2020
The government proposes to start afresh the process to firm up the list of companies for strategic sale and disinvestment as changed market dynamics post the Covid-19 outbreak and the need for distinguishing between strategic and non-strategic sectors have completely changed the gameplan for sell-offs.
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Agridex's rally likely to continue on bullish demand for food items
SME Times News Bureau | 29 Oct, 2020
Agridex, Indias first agricultural index comprising 10 liquid commodities traded on NCDEX, the countrys largest commodity future-trading platform, has gained nearly 20 per cent since its launch on May 25, 2020 amid changing fundamentals for the agriculture commodities during the Covid-19 pandemic.
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Railways mulling idea to convert passenger trains to express
SME Times News Bureau | 29 Oct, 2020
The Indian Railways is mulling idea of converting several passenger trains into express trains to provide better services to passengers and speed up the train services, but no decision has been taken by the Railway Board yet.
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India, UK to set up 'Sustainable Finance Forum'
SME Times News Bureau | 29 Oct, 2020
India and UK on Wednesday decided to establish the 'India-UK Sustainable Finance Forum'.
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Income Tax Department conducts searches in Tamil Nadu
SME Times News Bureau | 29 Oct, 2020
The Income Tax Department has carried out searches at 22 premises in Tamil Nadu's Coimbatore, Erode, Chennai and Namakkal on a group engaged in the running of educational institutions and their associates, including a civil contractor.
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Discoms in India need to improve power quality: Survey
SME Times News Bureau | 29 Oct, 2020
Power distribution companies in India have to improve the power quality in the country, shows a survey.
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US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 31 Oct, 2020
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