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No Restriction On Laptop Imports, We're Only Monitoring: Commerce Secretary

Press Trust of India | Saturday October 14, 2023, New Delhi

India will not impose the licensing requirement on imports of laptops and computers but will only monitor their inbound shipments, a top government official said.

Air India Express To Induct 50 New Boeing 737 MAX Planes By December 2024

Press Trust of India | Friday October 13, 2023, New Delhi

Air India Express, which is in the process of merging AIX Connect with itself, plans to induct 50 new B737 MAX planes in the next 15 months as the Tata Group bolsters its aviation business.

Jettwings Airways Submits Expression Of Interest For Bankrupt Go First

Press Trust of India | Thursday October 12, 2023, New Delhi

Jettwings Airways today said it has submitted an Expression of Interest for the grounded Go First, which is undergoing an insolvency resolution process.

Retail Inflation Declines To 3-Month Low Of 5.02% In September

Press Trust of India | Thursday October 12, 2023, New Delhi

Retail inflation declined to a three-month low of 5.02 in September, mainly due to easing food prices, according to the government data released today.

Net Direct Tax Collections Rises 21.8% To Rs 9.57 Lakh Crore

Press Trust of India | Wednesday October 11, 2023, New Delhi

The net direct tax collection increased by 21.82 per cent to over Rs 9.57 lakh crore till October 9, helped by good inflow from corporates and individuals, the Finance Ministry said on Tuesday.

As Oil Prices Rise Amid Israel-Gaza War, India Says "Watching Closely"

Reuters | Monday October 09, 2023, NEW DELHI

India, the world's third-biggest oil importer, is watching the ongoing Middle Eastin the Middle East closely, the country's oil minister Hardeep Singh Puri said on Monday.

18% GST On Corporate Guarantees For Their Subsidiaries

Press Trust of India | Saturday October 07, 2023, New Delhi

The GST Council on Saturday clarified that guarantees provided by corporates to their subsidiaries will attract an 18 per cent GST, while no tax will be levied if a personal guarantee is given by a director to the company.

28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre

Press Trust of India | Saturday October 07, 2023, New Delhi

As states like Delhi and Goa raised the issue of tax demand on online gaming companies and casinos retrospectively, Revenue Secretary Sanjay Malhotra on Saturday reiterated that 28 per cent GST was levied on online gaming and casinos even before.

5% GST On Millet-Based Flour If Sold In Pre-Packaged, Labelled Form

Press Trust of India | Saturday October 07, 2023, New Delhi

The GST Council on Saturday decided to levy a lower 5 per cent tax on millet-based flour when sold in pre-packaged and labelled form, Finance Minister Nirmala Sitharaman said.

Rs 12,000 Crore Of Rs 2,000 Currency Notes Still In Circulation: RBI

Press Trust of India | Friday October 06, 2023, Mumbai

Governor Shaktikanta Das on Friday said Rs 3.43 lakh crore of Rs 2,000 denomination notes have come back to the system so far.

RBI To Release Monetary Policy Statement Today, Pause In Repo Rate Likely

Asian News International | Friday October 06, 2023, New Delhi

The Reserve Bank of India (RBI) will on Friday announce its bimonthly monetary policy statement which is closely watched by financial market participants.

India Among Top 3 Nations With Highest 5G Base, Remarkable: Nokia CEO

Press Trust of India | Thursday October 05, 2023, New Delhi

The 5G network rollout in India has been remarkable and the country is among the top three nations with the largest 5G installed base in the world, a top Nokia official said on Thursday. Nokia President and CEO Pekka Lundmark was addressing an event during the inauguration of the company's 6G research lab in Bengaluru.