Goods and Services Tax (GST) Council, in its 20th meeting on August 5, authorised the Union government to move legislative amendments to increase ceiling of cess on motor vehicles to 25 per cent from present 15 per cent, the Finance Ministry informed on Monday. The official Twitter handle of the ministry also stated that GST Council will take the decision on when to raise the actual cess on motor vehicle in due course of time. “GST Council in its 20th Meeting held on 5th Aug, 2017 considered the issue that total tax incidence on motor vehicles after GST has come down. It recommended that Central Govt may move legislative amendments to increase max ceiling of cess on motor vehicles to 25% from present 15%,” the Finance ministry tweeted.

Over 100 women Congress workers on Monday staged a novel protest here by carrying a mock coffin of a gas cylinder to condemn the Centre's proposed move to withdraw subsidy for LPG.

The workers took out the mock funeral procession symbolising the death of gas cylinders, and placed them near the South Taluk office here.

Wipro, India’s third-largest IT services firm, said it has made its cloud-based Data Discovery Platform available for customers on Microsoft Azure through a “pay-per-insight” model.

To be hosted on Microsoft’s cloud computing platform Azure, the Data Discovery Platform is a big data analytics-as-a-service solution that can enhance the ability of businesses in sectors such as banking and financial services, retail, energy, education, and manufacturing to make better decisions using pre-built applications.

Indian savers have always been a protected lot. Saver-friendly government sponsored schemes, and the guaranteed 4% savings deposit rate had ensured that even accidental savers continue to get a reasonable return.

But demonetisation changed this balance as banks found themselves staring at a huge incremental interest payment on a deluge of deposits in just a short span of time. Also, when these deposits began to move out (60% outflow in the case of SBI), the math on lending rates turned dicey.

New Delhi: A Parliamentary panel will hear on 8 August the views of various stakeholders on the disinvestment of national carrier Air India and Pawan Hans Ltd.

While a group of ministers, headed by finance minister Arun Jaitley, is looking into various aspects of the proposed disinvestment of Air India, the government has already decided to sell its entire 51% stake in Pawan Hans Ltd (PHL), in which the rest 49% holding is with ONGC.

New Delhi: State-controlled NTPC Ltd is exploring the possibility of securing a national licence for setting up charging stations for electric vehicles across states.

Currently under The Electricity Act, 2003, a distribution licence is required to distribute power from the respective state electricity regulatory commissions (SERCs).

The Kerala High Court on Monday quashed the life ban on cricketer S. Sreesanth iimposed by the Board of Control for Cricket in India (BCCI) in the wake of the 2013 IPL spot-fixing scandal.

The court passed the verdict while allowing a writ petition filed by the fast bowler, challenging the decision of the BCCI disciplinary committee.

During his campaigning days, Donald Trump was quite clear the way he was going to implement new policies to secure jobs in the United States of America. He targeted industries that require the most man power and ensured those company’s invest heavily in the country. The auto-industry was of course on top of his head while announcing those jobs. It seems his plan worked as eight of ten states that put Donald Trump to power last November is where most of the auto manufacturing facilities are located and these states have the most employment in automobile sector as per Bureau of Labour Statistics, USA. Then President-Elect Donald Trump had more than once threatened auto-makers to impose 35 percent border tariff on products imported from Mexico and was also willing to renegotiate North America Free Trade Agreement (NAFTA).

The coming weeks may witness the continuation of rupee’s strength against the US dollar, and therefore, a challenge for the Reserve Bank of India (RBI) to manage the rupee liquidity and external value of rupee. The risk to the above premise is the early contraction of the US Federal Reserve (Fed)'s balance sheet and consequent dollar reverse flows.

The benchmark BSE Sensex continued its rising trend by gaining over 61 points to 32,386.52 in early trade today on sustained foreign fund inflows amid positive global cues.

The 30-share index rose 61.11 points, or 0.18 %, to 32,386.52. The gauge had gained 87.53 points in the previous session.

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