Rupee slips 13 paise to close at 74.42 against US dollar

Rupee slips 13 paise to close at 74.42 against US dollar

Saturday, 31 July 2021 | PTI | Mumbai

The Indian rupee weakened by 13 paise to close at 74.42 against the US currency on Friday, tracking muted domestic equities and unabated foreign fund outflows.  At the interbank foreign exchange market, the local unit witnessed high volatility. It opened at 74.30 against the dollar and witnessed an intra-day high of...

Centre’s fiscal deficit touch 18.2% of annual target at June end

Saturday, 31 July 2021 | PTI | New Delhi

The Central Government’s fiscal deficit stood at Rs 2.74 lakh crore or 18.2 per cent of the full year’s Budget estimate at the end of June, according to data released by the Controller General of Accounts (CGA) on Friday.  The fiscal deficit at the end of June 2020 was 83.2 per...

Received over 71,000 complaints: Google

Saturday, 31 July 2021 | PTI | New Delhi

Google received 71,148 complaints from individual users in India in May and June combined, which resulted in the removal of more than 1.54 lakh pieces of content, as per the company’s latest monthly transparency reports. The number of complaints received in June from individual users in India was 36,265, leading to...

8 core sectors’ output rises by 8.9% in June

Saturday, 31 July 2021 | PTI | New Delhi

The output of eight core sectors grew 8.9 per cent in June, mainly due to a low base effect and uptick in production of natural gas, steel, coal and electricity, official data showed on Friday. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and...

IL&FS plans to sell stake in Shendra Green Energy

Saturday, 31 July 2021 | IANS | Mumbai

IL&FS has sought request for proposals to sell the stake of IL&FS Energy Development Company Ltd (IEDCL) in Shendra Green Energy Ltd (SGEL). SGEL is a 100 per cent subsidiary of IEDCL. In an advertisement, IL&FS has said that LSI Financial Services Pvt Ltd is the transaction advisor to IL&FS for the...

Compliance not eased for GST taxpayers with over Rs 5 cr turnover, reconciliation statement remains

Saturday, 31 July 2021 | IANS | New Delhi

Taxpayers looking at ease of compliance requirement for filing annual GST returns for 2020-21 are in for a rude shock as the government has not completely done away with the process of including the reconciliation statement along with the returns. The preparation of the reconciliation statement to tally with the numbers...

Globe Trotting

Saturday, 31 July 2021 | Agencies

UN: 1L kids in Tigray face deadly hunger Nairobi: More than 100,000 children in Ethiopia’s embattled Tigray region could face the most extreme and life-threatening form of malnutrition in the next year, the United Nations children’s agency warned on Friday, as humanitarian aid remains blocked from the region of some 6...

Tunisia’s turmoil is being watched warily around the globe

Saturday, 31 July 2021 | AP | Tunis

Days of political turmoil in Tunisia over a crippled economy and surging coronavirus infections have unnerved allies in Europe and the United States, while garnering the support of key Mideast partners watching to see if Islamists and Tunisia’s fragile democracy will survive. European countries — most notably nearby Italy — worry...

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