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Indias economic growth rate is expected to accelerate to eight per cent in the next fiscal from 6.3 per cent projected for the current financial year...

8 pc growth likely next fiscal: Plan panel

New Delhi: Indias economic growth rate is expected to accelerate to eight per cent in the next fiscal from 6.3 per cent projected for the current financial year,the Planning Commission has said. The commission in its recent assessment of the economy also expects economic growth to go up to nine per cent in 2011-12,and further to 10 per cent in 2014-15.

Pre-payment penalty: Banks under scanner

New Delhi: Several banks and housing finance companies have come under the scanner of the competition watchdog for imposing penalty on pre-payment of loans. The Competition Commission of India,according to a CCI official,is scrutinising a complaint concerning pre-payment penalty from a customer against major home loan players like HDFC,LIC Housing Finance and Deutsche Postbank.

Agreement on GST still elusive: PwC

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New Delhi: Amid fears that GST implementation will miss the deadline,a leading consultancy firm PwC has said the Centre and states are yet to reach an agreement on major issues relating to the new tax regime. Agreement is yet to be reached on major issues such as the treatment of inter-state supplies of goods and services,imposition of GST on imports, said a PiceWaterHouseCoopers report.

AI may review ground handling JV with SATS

New Delhi: Air India may review its ground handling joint venture agreement with Singapore Air Terminal Services (SATS) if the latter diluted its stake to another firm in that country,sources said. In that case,AI would carry out ground handling activities through its own subsidiary,they said. Saying SATS was toying with the idea of participating in these activities in India with another Singaporean firm,the sources said AI officials have recently informed a parliamentary committee about their stand.

Deccan 360 air cargo hub at MIHAN

nagpur: DECCAN 360,a venture by Captain Gopinath,will launch its maiden logistics air hub at Nagpur on November 4.

To be called Deccan 360 Domestic Express Logistics,the company will bring in goods from all over the country to Nagpur and will then redistribute then to their destinations by air or by road. Civil aviation minister Praful Patel will inaugurate the operations of the company in the presence of Captain Gopinath at airport here which is being developed as Multimodal International Hub Airport at Nagpur (MIHAN).

Trade timings may be extended next month

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New Delhi: The countrys two prime bourses,the National Stock Exchange and the Bombay Stock Exchange,are likely to extend the trading time by two and half hours from next month and a formal notification to this effect is expected shortly. Both the exchanges (BSE and NSE) have discussed the issue (extension of trade timings) and a formal notification is expected shortly, a senior exchange official said. Last month,Sebi approved extension of the trading timings from 9 am to 5 pm.

PTI

PM Modi addresses the nation ahead of the rollout of new GST rates.

PM Modi says ‘GST savings festival’ begins soon: how household budgets are set for boost

Explained40 min ago

Ahead of the rollout of GST 2.0 effective from September 22, companies have announced lower prices for over 375 common-use goods. The government has urged corporates to pass on the benefits to consumers, resulting in cheaper prices for FMCG products, milk, butter, cheese, pickles, jams, and ice creams. Other items like shampoo, soap, cement, durable goods, and cars may also see a reduction.

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