From Flipkart founders Sachin and Binny Bansal to PM Narendra Modi, check top news
As the nation is inching closer to the next year's general elections, several mega plans are being unfolded. Prime Minister Narendra Modi on Thursday, through video conferencing from New Delhi, launched/laid foundation stones of city gas distribution projects. The day was also full of developments on market front, as the rupee rallied 77 paise to end at 70.69 against the US dollar, while Gold went past the Rs 32,000-mark by gaining Rs 90 to trade at Rs 32,040 per 10 gram. Meanwhile, an Income Tax department notice to Flipkart founders Sachin and Binny Bansal was another surprising development.
Prime Minister Narendra Modi on Thursday said around 400 district will have city gas distribution facility in the next 2 to 3 year, and the number of compressed natural gas (CNG) stations will increase to 10,000 by end of this decade. Image source: PTI
Investors are bullish on Karnataka and multinational companies are putting in money in various sectors, the state's Industries Minister K J George said Thursday as he rubbished perception that investments have slowed down since the Congress-JD(S) coalition came to power in May. Image source: Reuters
The Income Tax department has written to Flipkart founders Sachin and Binny Bansal seeking to know the details of the income earned following their share sale to US retail giant Walmart and when they would be depositing the advance tax, an official said. Image source: Flipkart
The government on Thursday approved a proposal making jute packaging mandatory for all food grains. Image source: Zeenews
Oil and Natural Gas Corporation (ONGC) has been ordered to pay about Rs 242 crore to the Mumbai Port Trust (MbPT) as wharfage compensation for the transportation of crude oil through the two pipelines the company had laid within the limits of the state-run port. Image source: Reuters
Indirect tax collections are likely to fall short by Rs 90,000 crore in the current fiscal on account of subdued GST mop-up and excise duty cut on petroleum products, an SBI research report said Thursday. Image source: PTI
Gold went past the Rs 32,000-mark by gaining Rs 90 to trade at Rs 32,040 per 10 gram at the bullion market on Thursday on fresh buying by local jewellers amid a firm trend overseas. Image source: Reuters
The rupee rallied 77 paise to end at 70.69 against the US dollar Thursday, in lock-step with softening crude oil prices and foreign capital inflows. Image source: PTI