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Cashbacks on online shopping may not stay as lucrative now
As per media reports, the industry argues that since the ultimate benefit i.e. discount/cashback is available to the customer, there should be no GST levied on transactions made between the bank/payment portal/UPI and the online platform does not exist
Ira PuranikJuly 4, 2023/7:43 PM IST -
Eating out may become dearer
The prices of commercial gas cylinders have been increased once again. The oil marketing companies have increased the price of cylinders by Rs 7. After this increase, the price of commercial gas cylinder cylinder in Delhi has increased from Rs 1,773 to Rs 1,780. However, there has been no change in the prices of domestic […]
Money9July 4, 2023/5:06 PM IST -
Gold dealers red flag gold import by refiners from sub-Saharan Africa
A group of gold jewellers and dealers have alerted the Centre that a few refineries in the country are importing semi-pure gold free of customs duty from African countries such as Guinea and Tanzania
Money9July 4, 2023/2:20 PM IST -
Stiffer penalty, jail terms to deter PAN, Aadhaar theft
Centre is mulling a strict legal system to deter and punish identity theft including misuse of stolen Permanent Account Numbers and Aadhaar cards
Money9July 4, 2023/2:08 PM IST -
Customs duty increased on LPG, agriculture cess will also be applicable
The increase in duty will not affect the common customers. But for the rest of the importers who import LPG, the basic customs duty has now increased to 15 percent.
Money9July 4, 2023/8:00 AM IST -
Why has Reliance been fined?
RIL-BP begins production from KG field; Byju's may sell stake in Aakash; Vedanta to review steel business
Money9July 4, 2023/8:00 AM IST -
Bull run continues in market
Sensex continues bull run; FIIs buying at 10-month high levels in June’23; BSE announces July 6 meet to mull buyback; Banking sector seeing uptick in key metrics; Retail Investors stay away from PKH Ventures IPO
Money9July 4, 2023/8:00 AM IST -
Why are fintechs seeking FLDG extension?
The demand for raising this limit comes in light of existing higher guarantee thresholds in the co-lending space. Most partnerships, particularly in the unsecured personal and business loan segment, already have an FLDG cover of over 5%.
Ira PuranikJuly 4, 2023/8:00 AM IST -
Indices touching all-time highs, what should your next step be?
FPIs are also aggressively investing in India. As on July 3, 2023, FPI inflows stood at Rs 11,791.86 crores, extending the investments green run into a consecutive 6th month.
Ira PuranikJuly 4, 2023/8:00 AM IST
