APN News

  • Saturday, September, 2020| Today's Market | Current Time: 09:05:44
  • Centre gives states two borrowing options to meet GST compensation requirement

    The Centre has communicated to states the two borrowing options to meet the GST Compensation requirement for the current financial year. This follows discussions in the 41st Meeting of the GST Council held on Thursday. The states are to communicate their preference within seven working days. An official release said, a meeting of State Finance […]

    ED freezes Rs 47 Cr of Companies involved in running Chinese Online Betting Apps

    Enforcement Directorate, ED has freezed around 47 crore rupees of Companies involved in running Chinese Online Betting Apps. The agency had yesterday conducted searches at 15 locations spread across Delhi, Gurgaon, Mumbai and Pune under the provisions of Prevention of Money Laundering Act in a case related to illegal betting. It said, searches were conducted […]

    India’s foreign exchange reserves surge by USD 2.296 bn to USD 537.548 bn

    India’s foreign exchange reserves rose by 2.296 billion US dollar to reach 537.548 billion US dollar in the week to August 21. The forex kitty had increased by 3.623 billion dollar to reach a record high of 538.191 billion US dollar in the week ended August 7.  Foreign Currency Assets rose by 2.618 billion dollar […]

    Dow gains 0.6 percent, S&P 500 rises 0.2 percent

    The S&P 500 and the Dow advanced yesterday as investors digested the U.S. Federal Reserve’s new strategy to adopt an average inflation target and restore the United States to full employment, as well as a promising development in the fight against COVID-19. The Fed’s new strategy also sent the treasury yields higher, which gave a […]

    Brent crude prices trading around 45 US dollars per barrel

    Brent crude prices were trading around 45 dollars and 40 cents per barrel while WTI crude prices were around 43 dollars and 10 cents per barrel in intra-day trade.

    Govt asks PSB to monitor cases where insolvency proceedings can initiated against individuals guarantors

    The Finance Ministry has asked public sector banks to monitor cases where insolvency proceedings could be initiated against individuals who are guarantors of corporate debtors that have defaulted on loans.  The Insolvency and Bankruptcy Code (IBC) provides for a time-bound and market-linked resolution of stressed assets.  The Code also provides for initiation of insolvency proceedings […]

    Gujarat tops in first ever Export Preparedness index 2020 released by NITI Ayog

    Gujarat has been ranked first in the first ever Export Preparedness index 2020 released by NITI Ayog today. It is the first of its kind index on the lines of ease of doing business ranking, which has ranked all the states and Union Territories on various parameters of export preparedness and competitiveness. Our correspondent reports […]

    41st meeting of GST Council to be held via video conferencing tomorrow

    The GST Council will meet tomorrow with the agenda of compensation for loss of revenue arising from the implementation of GST. The 41st meeting of the GST Council will be held via video conferencing.     Ahead of the meeting, chief ministers of opposition-ruled states got together to devise a common strategy on the issue. Attorney General K K Venugopal had […]

    Top Finance Ministry official says govt may look at introducing 2nd set of fiscal stimulus measures

    A top Finance Ministry official has said that the government may look at introducing a second set of fiscal stimulus measures once the COVID-19 infections abate and the psychological fears in people’s minds ebb. Speaking at an event, Union Expenditure Secretary TV Somanathan said normal economic activity is in “abeyance” right now and it has nothing […]

    Govt. says, 8,363 projects, with an anticipated cost of Rs 5,88,000 have kick-started in oil & gas sector since April 2020

    Government today said that eight thousand 363 projects, with an anticipated cost of five lakh 88 thousand crore rupees, have been kick-started in the oil and gas sector since April this year.  Petroleum and Natural Gas Ministry said, these projects of Oil and Gas CPSEs, include refinery projects, bio refineries, marketing infrastructure projects, pipelines and […]