In Other News
At present, lotteries run by state governments attract 12 per cent GST while those authorised by them and sold outside the state attract 28 per cent.
GST Council decides against rate hike
19 Dec 2019 5:27 AM

The GST Council voted on a matter for the first time during its meeting.

United Bank of India and Oriental Bank of Commerce will be merged with PNB, making the merged entity the second-largest public sector bank.
PNB stock falls after bonds put on rating watch
19 Dec 2019 5:25 AM

There has been significant progress on the amalgamation including approvals from the Boards of the banks.

In the pre-GST era, the government had levied a countervailing duty of 12.5 per cent on such imports almost around the time it imposed excise duty on gold in the domestic market. (Photo: Representational)
Duty-free import of gold, silver restricted
19 Dec 2019 5:22 AM

Since 2017, the import of duty-free gold has been going up. As per WTO norms, India cannot apply duties on select products under free trade agreement.

I admit that the payments which had to go the compensation head have not been given for two months slot, FM Nirmala Sitharaman said. (Photo: File | ANI)
Centre will not renege on GST compensations: Sitharaman
16 Dec 2019 4:32 PM

The delays to pass on the money are due to a slip in collections and the states have nothing to worry, said FM Nirmala Sitharaman.

“The government has taken this decision due to severe loss incurred by the farmers following heavy rains and floods in their kharif crops. Toria being a rabi crop, we have seen its sowing as slow as any other season. As this crucial rabi oilseed is sown during September-October and harvested from Febru-ary, the farmers will get better price then.”
Centre hikes MSP for toria oilseeds
10 Dec 2019 2:15 AM

The MSP has been fixed for the toria crop grown in 2019-20 rabi season, which is underway, and to be harvested in 2020-21: Agriculture ministry.

In fact, many prop brokers offer Rs 500 per PAN of an individual retail client. By using a retail PAN number, prop brokers make offline order entries in the last five minutes of the closing time of the OFS day by uploading into the BSE/NSE order-taking OFS window, sources said.
Glitches at BSE, NSE cause trouble for investors in OFS
10 Dec 2019 2:15 AM

According to sources, exchanges system is not able to handle such a large number of transactions at the closing time.

In 41 cases, investigations have been ordered by the Ministry to be conducted by Regional Directors (RDs) and Registrar of Companies (ROCs). Ministry has ordered inspections in 231 cases to be conducted by regional directors or ROCs and inquiry has been ordered against 31 companies to be conducted by ROCs.
SFIO probes 12 cases in last 3 years
10 Dec 2019 2:14 AM

Out of 12 investigations, prosecutions have been filed against 3 companies by SFIO.

Data released by the Association of Mutual Funds in India (Amfi) shows the mutual fund industry AUM grew by 2.7 per cent month-on-month as of November 30 to Rs 27.04 lakh crore against AUM of Rs 26.32 crore in October. (Representational Image)
Mutual fund AUM at a new peak of Rs 27 lakh crore; equity inflows dip
10 Dec 2019 1:56 AM

Inflows to income/debt-oriented schemes of Rs 51,427.58 crore helped industry AUM cross Rs 27 lakh crore milestone.

Prime Minister Narendra Modi had launched the scheme, along with two other gold related schemes; the gold monetisation scheme aimed at unlocking 20,000 tonnes, or $800 billion worth of gold lying idle in households and temples; and the national gold coin minted in India with the Ashok Chakra engraved on one side and Mahatma Gandhi on the other side.
Gold bonds gather less than 1 per cent of total spend in four years
10 Dec 2019 1:56 AM

After 33 tranches in four years, just about 28.6 tonnes of gold has been bought by investors through the SGB scheme.

Lenders have turned cautious after Sebi banned Karvy for misusing client securities.
Banks begin fact check on pledged securities
10 Dec 2019 1:55 AM

Karvy Fallout: Lenders may cut exposure to brokers.


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