Direct LPG subsidy savings only 15% of govt claim: CAG

New Delhi Aug 13 : According to a CAG report, which was tabled in both the houses of the Parliament on Friday, only Rs 1,764 crore in subsidy was saved on LPG on account of the scheme and the bulk of Rs 21,552 crore was due to sharp fall…

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HC directs Ola, Uber to charge government rates

New Delhi, Aug 12 : The Delhi High Court on Thursday directed app-based taxi aggregators, including Ola and Uber, not to charge more than government-fixed rates from its passangers from August 22.

Justice Manmohan gave 10 days to these aggregators to comply with the Delhi government’s 2013 policy…

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Lok Sabha passes bill to help marble, garment sectors

New Delhi, Aug 11 :  The Lok Sabha on Wednesday passed the Taxation Laws (Amendment) Bill, 2016, that seeks to amend the Income Tax Act of 1961 and the Customs Tariff Act of 1975.

The new law will essentially enable the government to raise custom duties on marble and granite to…

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Rs 78,300 cr worth of used goods stocked away in Indian homes

New Delhi, Aug 10 : Indians stocked a whopping Rs 78,300 crore worth of used goods in their homes this fiscal as against Rs 56,200 crore last year, according to a research study by leading consumer-to-consumer marketplace OLX India released on Tuesday.

The Consumer Research on Used…

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Rajan again holds rates in his last monetary policy update

Mumbai, Aug 9 :  Reserve Bank of India (RBI) Governor Raghuram Rajan kept key policy rates unchanged in his last monetary policy review with little elbow room on account of the country’s retail inflation inching closer to the upper tolerance level of 6 percent.

Accordingly, the repurchase (repo) rate or…

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