GST rates will have no inflationary impact: Jaitley

Finance Minister Arun Jaitley today allayed apprehensions about rise in prices of goods and commodities after the roll out of GST saying tax rates will be kept at near current levels to ensure that there is no inflationary impact. Introducing four bills to give effect to the Goods and Services Tax, Jaitley said preparations to roll out the new tax regime is nearing completion and the process to classify categories of commodities will start next month. The aim of the GST Council is to decide everything relating to the tax…

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Sensex ends 122 pts higher ahead of F&O expiry, SBI soars

Markets today carried forward the winning momentum to the second session as the Sensex climbed 122 points to end at about 1-week high of 29,531.43, spurred by SBI and ICICI Bank, ahead of derivatives expiry tomorrow. Mood was also aided by a firming trend at other Asian bourses and a higher opening in Europe, traders said. After a positive start, the 30-share Sensex rose further to hit the day’s high of 29,554.39 and settled up 121.91 points, or 0.41 per cent, at 29,531.43 — a level last seen on March…

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Dena Bank holds an Extraordinary General Meeting in Mumbai

An Extraordinary General Meeting of the shareholders of the Bank was held in Mumbai, on 27-03-2017 in which, shareholders approved issuing of Equity Shares up to Rs. 793 cr (including premium) to Govt. on India, Life Insurance Corporation of India and General Insurance Corporation of India, on preferential allotment basis.

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