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IndiaTV Business: Google News Feed: Digest for July 14, 2023

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50th GST Council meeting: Union Finance Minister Nirmala Sitharaman on Tuesday announced several key decisions taken in the 50th Goods and Services Tax (GST) Council meeting. The council made a number of changes in the existing GST slabs for various goods and services. Here's the complete list of what is set to become costlier and cheaper after the key meeting. 
The all-powerful Goods and Services Tax (GST) Council on Tuesday decided to exempt cancer-fighting drugs and medicines for rare diseases from the levy.
The sales of apartments in January-March across seven major cities rose 50 per cent to 50,132 units, the highest quarterly sales in the last 15 years, reported news agency PTI. According to real estate consultant JLL India, Sales of flats, costing above Rs 1 crore, remained at 33,477 units in the comparing time of the last calendar year.
Clean energy solutions provider Servotech Power Systems has announced the record date for the sub-division of its equity shares, according to an exchange filing. The decision to split the face value of shares was announced by the Delhi-based company in May. The rationale behind the split of equity shares is to enhance the liquidity of the company's equity shares and to encourage wider participation in the market.
Stock markets: Driven by continuous foreign fund inflows and buying in Reliance Industries, benchmark equity indices extended their rally for the third day running on Wednesday. The rally in the US markets on Tuesday also helped equity indices maintain their winning run.

Industrial production rises 5.2 pc in May | DETAILS

Wednesday 12 July 2023 01:22 PM UTC+00
India's industrial production rose 5.2 per cent in May, according to the official data released on Wednesday. Factory output measured in terms of the Index of Industrial Production (IIP) grew 19.7 per cent in May 2022. The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output increased by 5.7 per cent in May 2023. Mining output rose 6.4 per cent during the month under review. Power output grew 0.9 per cent in May 2023.
Retail Inflation Rate in India: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank.
PNB scam: The Punjab National Bank (PNB) stepped up initiatives to recover its dues from fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The bank on Wednesday moved an application before a special court in Mumbai seeking restoration of the Rs 71 crore worth property owned by Modi so that it can proceed to recover a part of its dues. 
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Now an importer would need permission of a licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the restrictions will not be there for imports under the India-UAE free trade agreement.
Retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2 per cent in May, according to the government data released on Wednesday. Retail inflation based on Consumer Price Index (CPI) increased to 4.81 per cent in June after declining for four months in a row but remained within the comfort zone of the Reserve Bank.
The all-powerful Goods and Services Tax (GST) Council on Tuesday decided to exempt cancer-fighting drugs and medicines for rare diseases from the levy.
The sales of apartments in January-March across seven major cities rose 50 per cent to 50,132 units, the highest quarterly sales in the last 15 years, reported news agency PTI. According to real estate consultant JLL India, Sales of flats, costing above Rs 1 crore, remained at 33,477 units in the comparing time of the last calendar year.
Clean energy solutions provider Servotech Power Systems has announced the record date for the sub-division of its equity shares, according to an exchange filing. The decision to split the face value of shares was announced by the Delhi-based company in May. The rationale behind the split of equity shares is to enhance the liquidity of the company's equity shares and to encourage wider participation in the market.
Stock markets: Driven by continuous foreign fund inflows and buying in Reliance Industries, benchmark equity indices extended their rally for the third day running on Wednesday. The rally in the US markets on Tuesday also helped equity indices maintain their winning run.

Industrial production rises 5.2 pc in May | DETAILS

Wednesday 12 July 2023 01:22 PM UTC+00
India's industrial production rose 5.2 per cent in May, according to the official data released on Wednesday. Factory output measured in terms of the Index of Industrial Production (IIP) grew 19.7 per cent in May 2022. The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output increased by 5.7 per cent in May 2023. Mining output rose 6.4 per cent during the month under review. Power output grew 0.9 per cent in May 2023.
Retail Inflation Rate in India: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank.
PNB scam: The Punjab National Bank (PNB) stepped up initiatives to recover its dues from fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The bank on Wednesday moved an application before a special court in Mumbai seeking restoration of the Rs 71 crore worth property owned by Modi so that it can proceed to recover a part of its dues. 
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Now an importer would need permission of a licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the restrictions will not be there for imports under the India-UAE free trade agreement.
Retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2 per cent in May, according to the government data released on Wednesday. Retail inflation based on Consumer Price Index (CPI) increased to 4.81 per cent in June after declining for four months in a row but remained within the comfort zone of the Reserve Bank.
Getting rich can be very hard work. It requires skill and patience to earn wisely by investing. Building wealth has emerged as the primary goal for many, especially today due to the increasing cost of basic necessities. There's a famous saying that higher the risk, the higher the reward. Using this principle, a person can create a wealth by investing hard-earned at places that yield promising returns.
Clean energy solutions provider Servotech Power Systems has announced the record date for the sub-division of its equity shares, according to an exchange filing. The decision to split the face value of shares was announced by the Delhi-based company in May. The rationale behind the split of equity shares is to enhance the liquidity of the company's equity shares and to encourage wider participation in the market.
Stock markets: Driven by continuous foreign fund inflows and buying in Reliance Industries, benchmark equity indices extended their rally for the third day running on Wednesday. The rally in the US markets on Tuesday also helped equity indices maintain their winning run.

Industrial production rises 5.2 pc in May | DETAILS

Wednesday 12 July 2023 01:22 PM UTC+00
India's industrial production rose 5.2 per cent in May, according to the official data released on Wednesday. Factory output measured in terms of the Index of Industrial Production (IIP) grew 19.7 per cent in May 2022. The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output increased by 5.7 per cent in May 2023. Mining output rose 6.4 per cent during the month under review. Power output grew 0.9 per cent in May 2023.
Retail Inflation Rate in India: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank.
PNB scam: The Punjab National Bank (PNB) stepped up initiatives to recover its dues from fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The bank on Wednesday moved an application before a special court in Mumbai seeking restoration of the Rs 71 crore worth property owned by Modi so that it can proceed to recover a part of its dues. 
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Now an importer would need permission of a licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the restrictions will not be there for imports under the India-UAE free trade agreement.
Retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2 per cent in May, according to the government data released on Wednesday. Retail inflation based on Consumer Price Index (CPI) increased to 4.81 per cent in June after declining for four months in a row but remained within the comfort zone of the Reserve Bank.
Getting rich can be very hard work. It requires skill and patience to earn wisely by investing. Building wealth has emerged as the primary goal for many, especially today due to the increasing cost of basic necessities. There's a famous saying that higher the risk, the higher the reward. Using this principle, a person can create a wealth by investing hard-earned at places that yield promising returns.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Stock markets: Driven by continuous foreign fund inflows and buying in Reliance Industries, benchmark equity indices extended their rally for the third day running on Wednesday. The rally in the US markets on Tuesday also helped equity indices maintain their winning run.

Industrial production rises 5.2 pc in May | DETAILS

Wednesday 12 July 2023 01:22 PM UTC+00
India's industrial production rose 5.2 per cent in May, according to the official data released on Wednesday. Factory output measured in terms of the Index of Industrial Production (IIP) grew 19.7 per cent in May 2022. The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output increased by 5.7 per cent in May 2023. Mining output rose 6.4 per cent during the month under review. Power output grew 0.9 per cent in May 2023.
Retail Inflation Rate in India: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank.
PNB scam: The Punjab National Bank (PNB) stepped up initiatives to recover its dues from fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The bank on Wednesday moved an application before a special court in Mumbai seeking restoration of the Rs 71 crore worth property owned by Modi so that it can proceed to recover a part of its dues. 
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Now an importer would need permission of a licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the restrictions will not be there for imports under the India-UAE free trade agreement.
Retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2 per cent in May, according to the government data released on Wednesday. Retail inflation based on Consumer Price Index (CPI) increased to 4.81 per cent in June after declining for four months in a row but remained within the comfort zone of the Reserve Bank.
Getting rich can be very hard work. It requires skill and patience to earn wisely by investing. Building wealth has emerged as the primary goal for many, especially today due to the increasing cost of basic necessities. There's a famous saying that higher the risk, the higher the reward. Using this principle, a person can create a wealth by investing hard-earned at places that yield promising returns.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Retail Inflation Rate in India: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank.
PNB scam: The Punjab National Bank (PNB) stepped up initiatives to recover its dues from fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The bank on Wednesday moved an application before a special court in Mumbai seeking restoration of the Rs 71 crore worth property owned by Modi so that it can proceed to recover a part of its dues. 
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Now an importer would need permission of a licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the restrictions will not be there for imports under the India-UAE free trade agreement.
Retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2 per cent in May, according to the government data released on Wednesday. Retail inflation based on Consumer Price Index (CPI) increased to 4.81 per cent in June after declining for four months in a row but remained within the comfort zone of the Reserve Bank.
Getting rich can be very hard work. It requires skill and patience to earn wisely by investing. Building wealth has emerged as the primary goal for many, especially today due to the increasing cost of basic necessities. There's a famous saying that higher the risk, the higher the reward. Using this principle, a person can create a wealth by investing hard-earned at places that yield promising returns.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
Retail Inflation Rate in India: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank.
PNB scam: The Punjab National Bank (PNB) stepped up initiatives to recover its dues from fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The bank on Wednesday moved an application before a special court in Mumbai seeking restoration of the Rs 71 crore worth property owned by Modi so that it can proceed to recover a part of its dues. 
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Now an importer would need permission of a licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the restrictions will not be there for imports under the India-UAE free trade agreement.
Retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2 per cent in May, according to the government data released on Wednesday. Retail inflation based on Consumer Price Index (CPI) increased to 4.81 per cent in June after declining for four months in a row but remained within the comfort zone of the Reserve Bank.
Getting rich can be very hard work. It requires skill and patience to earn wisely by investing. Building wealth has emerged as the primary goal for many, especially today due to the increasing cost of basic necessities. There's a famous saying that higher the risk, the higher the reward. Using this principle, a person can create a wealth by investing hard-earned at places that yield promising returns.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
Retail Inflation Rate in India: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank.
PNB scam: The Punjab National Bank (PNB) stepped up initiatives to recover its dues from fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The bank on Wednesday moved an application before a special court in Mumbai seeking restoration of the Rs 71 crore worth property owned by Modi so that it can proceed to recover a part of its dues. 
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Now an importer would need permission of a licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the restrictions will not be there for imports under the India-UAE free trade agreement.
Retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2 per cent in May, according to the government data released on Wednesday. Retail inflation based on Consumer Price Index (CPI) increased to 4.81 per cent in June after declining for four months in a row but remained within the comfort zone of the Reserve Bank.
Getting rich can be very hard work. It requires skill and patience to earn wisely by investing. Building wealth has emerged as the primary goal for many, especially today due to the increasing cost of basic necessities. There's a famous saying that higher the risk, the higher the reward. Using this principle, a person can create a wealth by investing hard-earned at places that yield promising returns.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
Retail Inflation Rate in India: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank.
PNB scam: The Punjab National Bank (PNB) stepped up initiatives to recover its dues from fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The bank on Wednesday moved an application before a special court in Mumbai seeking restoration of the Rs 71 crore worth property owned by Modi so that it can proceed to recover a part of its dues. 
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Now an importer would need permission of a licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the restrictions will not be there for imports under the India-UAE free trade agreement.
Retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2 per cent in May, according to the government data released on Wednesday. Retail inflation based on Consumer Price Index (CPI) increased to 4.81 per cent in June after declining for four months in a row but remained within the comfort zone of the Reserve Bank.
Getting rich can be very hard work. It requires skill and patience to earn wisely by investing. Building wealth has emerged as the primary goal for many, especially today due to the increasing cost of basic necessities. There's a famous saying that higher the risk, the higher the reward. Using this principle, a person can create a wealth by investing hard-earned at places that yield promising returns.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
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