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Petrol, Diesel Prices Unchanged On Sunday
Edited by Peter Noronha (with inputs from agencies) | Sunday October 25, 2020In Delhi, the price of petrol remained at Rs 81.06 per litre and diesel at Rs 70.46 per litre on October 24. In Mumbai, petrol and diesel rates were Rs 87.74 per litre and Rs 76.86 per litre respectively. -
Banks Given November 5 Deadline To Implement Interest Waiver Scheme
Reuters | Saturday October 24, 2020, New Delhi/MumbaiThe top court had asked the government to implement the scheme, which will bring relief to millions of borrowers, at the earliest. -
Franklin Templeton Needs Unit Holder Approval For Scheme Wind-Ups: Karnataka High Court
Reuters | Saturday October 24, 2020, New Delhi/MumbaiFranklin Templeton Mutual Fund shut six credit funds in April citing lack of market liquidity and redemption pressures due to the pandemic. -
Due Date For Filing 2018-19 Annual GST Returns Extended Till December 31
Edited by Sandeep Singh | Saturday October 24, 2020This is applicable to businesses filing annual returns as well as audit reports for the year to March 31, 2019. -
Income Tax Return Deadline For Financial Year 2019-20 Extended Till December 31
Edited by Sandeep Singh | Saturday October 24, 2020For individuals required to get their accounts audited, a new deadline of January 31 is applicable, instead of December 31. -
Government Issues Guidelines On Loan Relief, To Implement Scheme By November 5
Reported by Sunil Prabhu, Edited by Sandeep Singh | Saturday October 24, 2020The government on Saturday gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus pandemic, in a move that could give relief to millions of people. In guidelines on the loan relief released on Wednesday, the Department of Financial Services said lending institutions will first credit the amount - the difference between compound interest and simple interest for the six-month period - on eligible loans up to Rs 2 crore, and it will reimburse the interest on interest on payments due between March and August regardless of whether the borrowers opted to defer their EMIs, either fully or partially. -
Petrol, Diesel Rates Unchanged On Saturday
Edited by Sandeep Singh (with inputs from agencies) | Saturday October 24, 2020Fuel Price In India Today: State-run Indian Oil, Bharat Petroleum and Hindustan Petroleum review the fuel rates on a daily basis, aligning them with international oil prices and foreign exchange rates. -
RBI To Keep Policy Accommodative, But Wary Of Inflation
Reuters | Saturday October 24, 2020, MumbaiAlmost all members of the Monetary Policy Committee said they see room for further easing, but a recent rise in price pressures would need to abate for them to use that space. -
Finance Ministry Issues Guidelines For Implementation Of Loan Relief
Press Trust of India | Saturday October 24, 2020, New DelhiAfter crediting the amount, the lending institutions will claim the reimbursement from the central government. -
Centre Transfers First Tranche Of Rs 6,000 Crore In GST Compensation To States
Edited by Abhishek Vasudev | Friday October 23, 2020The central government had last week agreed to borrow up to Rs 1.1 lakh crore on behalf of the states to bridge the shortfall in GST collections. -
Gold Price Today: Domestic Gold Futures Back Above Rs 51,000 As Dollar Weakens
Edited by Sandeep Singh (with inputs from agencies) | Friday October 23, 2020Gold Price In India Today: Multi Commodity Exchange (MCX) gold futures settled at Rs 51,010 (up 0.48 per cent) for the day. -
Gold Premiums Climb To Nearly 3-Week High As Jewellers Boost Festive Stocks
Reuters | Friday October 23, 2020, Bengaluru/MumbaiDealers charged premiums of $5 an ounce this week over official domestic prices, inclusive of 12.5 per cent import and 3 per cent sales taxes, versus the $1 premiums last week. -
Gold Premiums Rise As Jewellers Boost Festive Stocks
Reuters | Friday October 23, 2020On Friday, local gold futures traded at around Rs 50,920 per 10 grams. Prices hit an all-time high of Rs 56,191 in August. -
Rate Cut Will Depend Upon Moderation In Inflation: Shaktikanta Das
Press Trust of India | Friday October 23, 2020Shaktikanta Das has said that there is room for rate cut but monetary policy action would depend upon the evolving situation on the inflation front. -
Move Over Bonds, Forex Taking Over As Investors' New Favourite Playbook
Reuters | Friday October 23, 2020, LondonCurrency market volatility has risen from a one-and-a-half-year low hit in late July while overall bond market volatility remains near 2020 lows.
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