Business News Update; share market, gold silver, petrol diesel, GST, platform tickets | GST exemption on platform tickets: 12% tax on all types of milk cartons, gold fell by Rs 870 to Rs 72,380

Yesterday’s big news was related to GST. In the 53rd meeting of the GST Council on Saturday, June 22, it was decided to impose 12% tax on milk cartons and solar cookers. Union Finance Minister Nirmala Sitharaman said that biometric authentication will be implemented across the country in a phased manner to stop fake bills.

There was a decline in the prices of gold and silver on Saturday. 10 grams of 24 carat gold has fallen by Rs 870 to Rs 72,380. Yesterday its price was Rs 73,250 per ten grams. Whereas one kg silver fell by Rs 2,000 and was sold for Rs 92,000.

Before tomorrow’s big news, today’s major events to keep an eye on…

Now read tomorrow’s big news…

1. Decisions of GST meeting – Tax exemption on platform tickets: Biometric necessary to stop fake bills; 12% tax on all types of milk cartons

In the 53rd meeting of the GST Council on Saturday, June 22, it was decided to impose 12% tax on milk cartons and solar cookers. Union Finance Minister Nirmala Sitharaman said that biometric authentication will be implemented across the country in a phased manner to stop fake bills.

At the same time, services like platform ticket, retiring room and waiting room of Indian Railways have been exempted from GST. Nirmala Sitharaman presided over this meeting. After the meeting, the Finance Minister gave information about the decisions taken in the press conference.

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2. Gold fell by Rs 870 to Rs 72,380: Silver also fell by Rs 2,000, one kg silver was available for Rs 92,000.

A decline was seen in the prices of gold and silver on Saturday (June 22). 10 grams of 24 carat gold has fallen by Rs 870 to Rs 72,380. Yesterday its price was Rs 73,250 per ten grams. At the same time, one kg silver has fallen by Rs 2,000 and is being sold at Rs 92,000.

However, so far this year, the price of gold has increased by Rs 8,510 per 10 grams. At the beginning of the year it was at Rs 63,870. At the beginning of the year, silver was at Rs 72,160 per kg. That means, silver has increased by Rs 19,840 this year.

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3. Government purchased 71,000 tonnes of onion for buffer stock: Retail prices of onion are expected to decrease with the progress of monsoon in most parts of the country.

The government has purchased around 71,000 tonnes of onion so far this year for buffer stock. For price stabilization, the government has set a total target of purchasing 5 lakh tonnes of onion. The government expects retail prices of onion to decline with the progress of monsoon in most parts of the country.

According to Department of Consumer Affairs data, the all-India average onion retail price on Friday was Rs 38.67 per kg, while the model price was Rs 40 per kg.

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4. 26 banks have not yet activated BBPS: From July 1, you will not be able to make payments through these credit cards through PhonePe, Cred and other apps.

From July 1, you will not be able to make credit card payments of 26 banks through fintech companies like PhonePe, Cred, BillDesk. This is because, after June 30, all credit card payments will be processed through Bharat Bill Payment System (BBPS), a centralized billing network. For this, banks will have to enable BBPS compliance.

Till now only 8 out of 34 banks have enabled BBPS compliance. 26 banks have not enabled it. These 26 banks also include HDFC, ICICI and Axis, which have issued more than 5 crore credit cards. This includes 2 crore credit cards of HDFC Bank, 1.7 crore credit cards of ICICI Bank and 1.4 crore credit cards of Axis Bank.

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5. Reliance appoints Aramco chairman to the board: Al-Rumayan again becomes independent director, 16% shareholders of the company against his appointment

Reliance Industries (RIL) shareholders have approved the reappointment of Saudi Aramco Chairman Yasir Othman H Al-Rumayyan as an independent director on the company’s board for a further five years. However, more than 16% shareholders voted against this proposal.

In a stock exchange filing, Reliance said its shareholders have approved the re-appointment of Al Rumayan as well as the appointment of Hagreev Khaitan as an independent director on the board through postal ballot.

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6. Hinduja family found guilty in the case of exploitation of servants: Billionaires sentenced to four years; Spent more on dogs than on staff, used to make them work 18 hours a day

Indian-origin billionaire and Britain’s richest Hinduja family has been found guilty in the case of exploitation of servants. Four members of the family were sentenced to jail by a Swiss court on Friday (June 21). Businessman Prakash Hinduja and his wife Kamal Hinduja have been sentenced to four and a half years.

Whereas his son Ajay and daughter-in-law Namrata have been sentenced to four years. The Hinduja family was accused of exploiting the people working in their Switzerland villa. Most of them were illiterate people of India. However, the court dismissed the human trafficking charges saying that his staff had enough understanding of what they were doing.

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7. Maruti Front Velocity Edition launched at a starting price of ₹ 7.29 lakh: 6 airbags for safety in sub-compact SUV, competition with Hyundai Exeter

Maruti Suzuki has launched the new Velocity Edition of its premium sub-compact SUV Frontx in India. The company has made a record of selling one lakh units of the car within 10 months of its launch. On this occasion, Maruti Suzuki has introduced the special edition of Franks.

Maruti Suzuki Fronts Velocity Edition is an accessorized version, its starting price is Rs 7.29 lakh (ex-showroom), which is Rs 23,000 less than the standard variant. The company has introduced this edition on the occasion of touching the figure of 1 lakh sales within 10 months of the car’s launch.

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Also see who were the top 10 richest people in the world yesterday…

The market was closed on Saturday, so know the condition of share market and gold and silver on Friday…

Know the latest price of petrol, diesel and gas cylinder…