Flipkart introduces QR-based pay on delivery for consumers
Flipkart on Monday launched a contactless, QR-code based payment facility for all its pay-on-delivery shipments. Consumers who earlier opted for cash on delivery can now use this facility, scan the QR code attached to their purchase and make a digital payment for their order through any UPI app at the time of delivery, the company […]
Jute Commissioner of India to enforce Jute and Jute Textiles Control Order, 2016
An unabated increase in raw jute prices has prompted the Jute Commissioner of India to enforce the Jute and Jute Textiles Control Order, 2016, to liquidate stocks and prevent any unaccounted accumulation of the fibre. The order dated June 1 directs traders, dealers and stockists of raw jute to liquidate their holdings by June 10. […]
GST Return Filing Deadline Extended
The Central Government has extended the deadline to file GST returns for May by 15 days till June 26. The development comes on the basis of the recommendations of the GST Council, which, in its 43rd meeting on May 28, had decided to extend certain compliance relaxations on account of Covid-19. In a series of […]
Amid Covid wave, GST Council meet begins; may consider duty cuts
The 43rd meeting of the GST Council, the first this year in the midst of second wave of Covid pandemic, begun on Friday morning through video conferencing. The meeting is being chaired by Finance Minister Nirmala Sitharaman and is being attended by finance ministers of all states and union territories. Senior officers from the Centre […]
Rupee Falls 18 Paise To 73.53 Against US Dollar In Early Trade
The Indian rupee slumped 18 paise to 73.53 against the US dollar in opening trade on Tuesday tracking weak domestic equities and strong American currency. Forex traders said concerns over rising COVID-19 cases also weighed on investors’ sentiment. At the interbank foreign exchange, the domestic unit opened lower at 73.47 against the dollar, and lost […]
Amazon asks India not to change rules till probe is complete: Report
Amazon has asked the Indian government not to change e-commerce foreign investment rules until investigations into its business practices had been concluded, a global news wire reported. The Amazon move comes at a time when high-level discussions are being in the DPIIT (Department for Promotion of Industry and Internal Trade) on a draft FDI in […]
Unilever to remove ‘normal’ from its beauty, personal care brands
Unilever on Tuesday announced it will eliminate the word “normal” from all of its beauty and personal care brands packaging and advertising. In addition to removing the word “normal”, Unilever will not digitally alter a person’s body shape, size, proportion, or skin colour in its brand advertising, and will increase the number of advertisements portraying […]
Gold futures decline 20% from record highs of 2020
Gold futures plunged around 20 per cent from the record highs as the bullion market which peaked at the height of the pandemic last year has come to a halt. The fall in gold prices comes at a time when hopes of economic recovery in post-pandemic era is gaining momentum. The recent decline comes largely […]
Rupee Gains 22 Paise To 73.15 Against US Dollar In Early Trade
The rupee appreciated by 22 paise to 73.15 against the US dollar in opening trade on Wednesday, supported by positive domestic equities and sustained foreign fund inflows. At the interbank forex market, the local unit opened at 73.26 against the US dollar, then inched higher to 73.15 against the greenback, registering a rise of 22 […]
BJP’s ‘Ill-Considered Demonetisation Decision’ Has Resulted In High Unemployment: Manmohan Singh
Lashing out at the Centre, former Prime Minister Manmohan Singh, said India’s unemployment rate has spiked due to the “ill-considered demonetisation decision” taken by the BJP-led government in 2016. The senior Congress leader further added that the informal sector is in “shambles”. “Unemployment is high and the informal sector is in shambles, a crisis precipitated […]
