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IST | Source: Moneycontrol.com

Deadline to sell pre-GST goods extended till December 31

The decision came after several companies and retailers body CAIT highlighted that they are still left with huge unsold stocks of pre-GST goods and need more time to clear that.

  • Sep 29, 10:49 AM (IST)

    Top Headlines: 

    1. Stampede at Elphinstone Road Station, Mumbai; 22 dead, 50 injured

    2. IAEA says North Korea's rapid weapons progress poses new, global threat

    3. China says consumer loans can't be used to fuel property bubble, launches probes

    4. Bombay HC backs IUC cut, no interim relief for Airtel, Idea

    5. National Insurance to raise Rs 4,500-5,000cr via IPO, reports CNBC-TV18

    6. Rupee slide to be short-lived as dollar to fade, Oppenheimer says

  • Sep 29, 09:53 PM (IST)

    In future Lok Sabha and assembly elections, paper trail machines will be used at all polling stations, the Election Commission has said.

    In a letter to chief electoral officers of states written earlier this week, the poll panel said that henceforth, VVPAT (voter-verifiable paper audit trail) or paper trail machines will be used at polling stations in all future elections where polls are held using EVMs.

  • Sep 29, 09:51 PM (IST)

    To give relief to small exporters, the government has decided to exempt them from furnishing bank guarantee for shipping goods and services, the finance ministry said today.

    The decision comes a day after exporters met Finance Minister Arun Jaitley for resolution of GST-related problems to boost overseas shipments.

  • Sep 29, 09:26 PM (IST)

    More than 60 Rohingya Muslim refugees from Myanmar are believed to have drowned when their boat capsized, the latest victims in what the United Nations says is the world’s fastest-developing refugee emergency.

    The refugees drowned in heavy seas off Bangladesh late on Thursday, part of a new surge of people fleeing a Myanmar military campaign that began on August 25 and has triggered an exodus of some 502,000 people.

  • Sep 29, 09:07 PM (IST)

    The world's largest coal miner Coal India is considering a proposal to diversify into mining of minerals like bauxite and iron ore as the company seeks to reduce dependence on mining of the dry fuel, an official said.

  • Sep 29, 08:55 PM (IST)

    Over 20 lakh Doordarshan viewers watched the Akshay Kumar starrer movie 'Toilet: Ek Prem Katha' which was aired recently, Prasar Bharati today said.

    The movie, which touches upon the issue of open defecation in the country, was broadcast on September 17, two days after President Ram Nath Kovind kicked off the Centre's ambitious fortnight cleanliness drive 'Swachhta Hi Seva (Cleanliness is Service)' campaign.

  • Sep 29, 08:52 PM (IST)

    The Gujarat unit of Aam Aadmi Party (AAP) today said it would announce the first list of candidates for the upcoming assembly polls on October 2 after holding a roadshow.

  • Sep 29, 08:51 PM (IST)

    India today cited Afghanistan NSA's statement rejecting Pakistan's claim that it had received a proposal to swap Indian national Kulbhushan Jadhav for a terrorist, to assert that it was another addition to Islamabad's "imaginary lies".

  • Sep 29, 08:37 PM (IST)

    The government has extended the deadline for sale of pre-GST goods with stickers of revised rates by three months to December 31, Consumer Affairs Minister Ram Vilas Paswan said today.

    The decision came after several companies and retailers body CAIT highlighted that they are still left with huge unsold stocks of pre-GST goods and need more time to clear that.

  • Sep 29, 08:35 PM (IST)

    The total revenue of telecom operators from services declined by 25.49 percent year-on-year to Rs 39,777.55 crore in the quarter ended June 2017, regulator Trai has said in its latest report.

    The revenue from telecom services, called adjusted gross revenue, of all companies in the same period a year ago was Rs 53,383.55 crore.

  • Sep 29, 08:21 PM (IST)

    BJP MP Shatrughan Sinha, who has backed Yashwant Sinha's criticism of the government's handling of the economy, today asked Prime Minister Narendra Modi to do a "real press conference", saying it is high time he faces the public.

  • Sep 29, 08:16 PM (IST)

    Uttar Pradesh Chief Minister Yogi Adityanath today took a dig at Congress Vice President Rahul Gandhi, saying his recent visit to temples in Gujarat makes it clear that the BJP would win the coming Assembly
    polls.

    "Wherever Rahul Gandhi goes, the Congress faces defeat at the hustings ...After his visit to Gujarat, it has become clear that the BJP is going to win the coming Assembly elections there," Adityanath told newspersons here. "His (Gandhi's) visits to temples will make no difference.. He is a bad omen for the Congress," the chief minister said.

  • Sep 29, 08:02 PM (IST)

    BJP's national spokesperson Sambit Patra was today appointed as non-official director on the board of Oil and Natural Gas Corporation (ONGC) Ltd.

  • Sep 29, 07:37 PM (IST)

    India's external debt increased 3 percent to USD 485.8 billion at June-end over the previous quarter, mainly due to increase in inflow of foreign portfolio investment into domestic capital market's debt segment.

  • Sep 29, 07:36 PM (IST)

    Minister of State for Social Justice Ramdas Athawale today demanded a judicial probe into the Mumbai stampede in which 22 people died and more than 30 were injured.

    The tragedy took place around 10.40 am on the stairwell of a narrow overbridge linking Elphinstone Road and Parel suburban stations.

  • Sep 29, 07:34 PM (IST)

    Canadian aircraft maker Bombardier today signed a pact with budget carrier SpiceJet for sale of up to 50 turboprop jets valued at USD 1.7 billion.

    Upon delivery, the airline will become the first in the world to operate a 90-seat turboprop, pending certification by regulatory authorities, Bombardier said in a release.

  • Sep 29, 07:13 PM (IST)

    Finance Minister Arun Jaitley today said the government has taken a slew of measures in the last 2-3 years to increase transparency and fairness in the tax administration.

  • Sep 29, 07:09 PM (IST)

    India and the European Union will hold their 14th summit talks on October 6 during which both sides are expected to discuss a host of key issues including ways to remove hurdles for the long-pending free trade agreement.

  • Sep 29, 06:52 PM (IST)

    India's fiscal deficit at August-end touched 96.1 per cent of the budget estimate for 2017-18, mainly due to rise in expenditure.

    In absolute terms, the fiscal deficit - difference between expenditure and revenue - was Rs 5.25 lakh crore during April-August, 2017-18, according to the data of Controller General of Accounts (CGA).

  • Sep 29, 06:50 PM (IST)

    China has stepped up security on its borders with India, North Korea and Myanmar as the ruling Communist Party (CPC) gears up to hold a key national congress next month during which President Xi Jinping is expected to get an endorsement for a second five-year term.

  • Sep 29, 06:43 PM (IST)

    China's outstanding external debt continued to grow in the second quarter, totalling to USD 1.56 trillion. The debt settled at USD 1.56 trillion at the end of June, up 8.7 percent from a quarter earlier, the regulator State Administration of Foreign Exchange (SAFE) said in a statement.

  • Sep 29, 06:22 PM (IST)

    Energy Efficiency Services Limited (EESL) will procure 10,000 electric vehicles from Tata Motors, according to an official statement. Tata Motors, Mahindra & Mahindra and Nissan had all bid for the EESL contract.

  • Sep 29, 06:11 PM (IST)

    TRAI reportedly asked the court to not grant interim relief to telecom operators Airtel and Idea in the IUC case saying it was essential the new IUC charges come into effect from October 1, the start of the new billing cycle.

    Airtel and Idea will, however, have the right to appeal against the High Court's decision in the Supreme Court.

  • Sep 29, 05:58 PM (IST)

    BJP veteran Yashwant Sinha today accused Arun Jaitley of making "cheap" remarks and said the finance minister's criticism of his work amounted to criticism of then Prime Minister Atal Bihari Vajpayee who had entrusted him with key ministries.

  • Sep 29, 05:56 PM (IST)

    Sovereign wealth funds and other long term foreign portfolio investors (FPIs) can buy up to Rs 9,500 crore worth corporate debt in infrastructure sector, markets regulator Sebi today said.

  • Sep 29, 05:52 PM (IST)

    Public sector lender Dena Bank today said it will reduce its marginal cost based lending rates (MCLR) by up to 20 basis points from October 1.

  • Sep 29, 05:51 PM (IST)

    After a stampede on a railway foot overbridge during the morning rush hour claimed 22 lives, it has come to light that former Railway Minister Suresh Prabhu had assured a Shiv Sena MP last year that a wider bridge would be built in its place.

    In a letter dated February 20, 2016, Prabhu had written to Sena MP from Mumbai Arvind Sawant that the "construction of 12 metre wide new foot overbridge at Elphinstone Road was under the positive consideration of Railway Ministry."

  • Sep 29, 05:44 PM (IST)

    April-Aug revenue deficit at Rs 4.31 lakh crore as against Rs 3.25 lakh crore year-on-year. The spending for the period was Rs 9.5 lakh crore. Receipts for the same period came at Rs 4.25 lakh crore as against Rs 3.94 lakh crore. 

  • Sep 29, 05:40 PM (IST)

    The Bombay HC denies ad-interim relief to Airtel and Idea in the IUC case. The telecom players had moved the court seeking a stay on the TRAI's IUC cut from 14 paise to 6 paise. 

  • Sep 29, 05:31 PM (IST)

    The Telecom Commission is likely to approve extension of deferred payment schedule to 16 years that could bring some relief for the telecom players, sources told CNBC-TV18.

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