Business Concept’s Daily E-News Letter- 25-09-2021 Only for TC VIP Users

Business Concept’s Daily E-News Letter- 25-09-2021

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GST & Income Tax

Net Direct Tax Collections Till September 22 Grews 74%, Says Finance Ministry

Gross direct tax collections at the near-halfway mark of the current fiscal year grew 47 percent, while net tax collections rose by 74 percent, the Finance Ministry said on September 24. In a statement, the ministry said that as of September 22, net direct tax collections stood at Rs 5.71 lakh crore, a jump of …

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Attention GST Taxpayers Who are Under QRMP Scheme

Attention GST Taxpayers who are under QRMP Scheme! Deposit due tax liability for August, 2021 by using Form/Challan PMT-06 by September 25, 2021…

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Govt. Withdraws COVID-Linked Expenditure Restrictions

The Finance Ministry on Friday withdrew expenditure curbs on various departments and ministries imposed in June in the wake of the COVID-19 second wave, reflecting improvement in public finances and the urgency to step up growth. The expenditure restrictions are being withdrawn with immediate effect following a review of the guidelines, said an office memorandum …

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Business & Economy

Bank Holidays October 2021: Banks to Remain Closed for 21 Days. Full List Here

According to the Reserve Bank of India’s (RBI) list of official bank holidays for the month of October, banks will be closed for a variety of reasons. The forthcoming calendar month is jam-packed with vacations and festivities, and many banks across India will be closed during that time. In total, banks can anticipate roughly 21 …

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Forex Reserves Down by $1.47 Billion to $639.64 Billion

The country’s foreign exchange reserves declined by $1.47 billion to $639.642 billion in the week ended September 17, RBI data showed on Friday. In the previous week ended September 10, 2021, the reserves had dipped by $1.34 billion to $641.113 billion. The reserves had surged by $8.895 billion to a lifetime high of $642.453 billion …

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TATA Group, RIL Lead as Largest Wealth-Creator for Shareholders in 2021

Indian equity markets have been on a roll. It was a magical Friday for Dalal Street, as the benchmark index Sensex touched and crossed 60,000 for the first time ever. The last 10,000 points were added in just 246 days. Broader Nifty has also set its sight on 18,000, just shy of 150 points. Retail …

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Bitcoin Tumbles After China Declares All Cryptocurrency Transactions illegal

China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes. “Virtual currency derivative transactions are all illegal financial …

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Woman Professionals Should Come Forward to Work in the Indian Real Estate Sector: Housing Secretary

Women professionals should come forward to work in the Indian real estate sector, which has immense potential due to rapid urbanisation in the country, Housing and Urban Affairs Secretary Durga Shanker Mishra said on September 24. “RERA law has brought trust in the market. So, women professionals should come forward to work in this industry…

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