No decision on rationalisation of GST rates yet, say Finance Ministry sources & more

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POLICY   No decision on rationalisation of GST rates yet, say Finance Ministry sources   The 47th GST Council, comprising finance ministers of the Centre and states, will meet on June 28 and 29 in Srinagar to discuss key issues.

MARKETS   Sensex, Nifty end lower for sixth straight session; consumer durables, energy shares sink   Sensex declined 135.37 points or 0.26 per cent to settle at 51,360.42. During the day, the benchmark tanked 574.57 points or 1.11 per cent to its one-year low of 50,921.22.

MARKETS   This Jhunjhunwala stock slips 31% from record high, should you buy the dip?   Titan stock, which forms a key component of ace investor Rakesh Jhunjhunwala's portfolio, fell 7.11 per cent to an intraday low of Rs 1911 on the BSE.

ECONOMY   EXCLUSIVE: Inflation is temporary, export target of $1 tn can be achieved by 2030, says MOS Finance Pankaj Chaudhary   Talking to BT, the minister sounded an optimistic note on the prevailing situation in India and said that Indian economy is robust and is improving fast.

TAXES   Net direct tax collections at Rs 3,39,225 crore so far in FY23, grows 45% YoY   The CBDT explained that the net collection of Rs 3,39,225 crore includes Corporation Tax (CIT) at Rs 1,70,583 crore (net of refund) and Personal Income Tax (PIT), including Security Transaction Tax (STT) at Rs 1,67,960 crore (net of refund).

TRADE   Export growth like last year would be difficult to achieve now, says FIEO head Ajay Sahai   While the government is optimistic about boosting India's exports, Ajay Sahai, who heads the Federation of Indian Export Organization, believes that repeating the same export growth as last year would be a difficult proposition.

MARKETS   India's private equity market hit a record $70 billion investments in 2021, says Bain & Co study   Indian investments grew by 96% over 2020; consumer tech and IT sectors saw investments of upto $44 billion, as per the report.

CORPORATE   Mahindra Group appoints Abanti Sankaranarayanan as Chief Group Public Affairs Officer   She will be taking over the Group Public Affairs portfolio from Manoj Chugh, President, Group Public Affairs, who will be retiring on April 1, 2023.

MAGAZINE   The rise of hi-tech HR start-ups   Scores of SaaS start-ups are helping companies work out kinks in hiring, interviewing, employee engagement, rewards & benefits, and other HR processes. The pandemic has helped them come into their own.

NEWS REEL   Agnipath fire gets bigger by the minute | Navy Chief Exclusive   As protests over the new Army recruitment scheme Agnipath flares up, Chief Of Naval Staff Admiral Hari Kumar Speaks To Rahul Kanwal on the alleged misinformation. This comes right after the Centre has raised the entry age from 21 to 23 years for the Agnipath scheme in 2022.

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