Mobile towers in India: According to a telecom ministry spokesperson, financial support for the project will be provided by Universal Services Obligation Fund and it will be implemented by Bharat Broadband Network.
Imports during the month, however, grew by 5.44 per cent to USD 59.35 billion as against USD 56.29 billion in September 2021, the data showed.
The government revises gas prices twice annually—from April 1 to September 30 and from October 1 to March 31. So, the price for October 1 to March 31 is based on the average price from July 2021 to June 2022.
The Reserve Bank of India (RBI) expects retail inflation to come under control at 5.2 per cent in the next financial year beginning April, down from 6.7 per cent it has forecast for the current year.
While Reliance Industries, HDFC Bank, ICICI Bank, SBI, Bharti Airtel, Bajaj Finance and HDFC were the laggards from the top-10 pack, TCS, Hindustan Unilever and Infosys emerged as the gainers.
Railway employees bonus: About 11.27 lakh non-gazetted Railway employees are likely to benefit from the decision. This payment will be made before the Dussehra holidays, said the Ministry of Railways.
The growth in GST revenue till September 2022 over the same period last year is 27 percent, thus continuing to display very high buoyancy.
Income Tax: Under the income tax act, those taxpayers who need to get their accounts audited by a chartered accountant are required to file the tax audit report with the I-T department by September 30.
Airtel 5G launch: According to a senior company official, Airtel 5G services will be available at existing 4G rates and a new tariff for 5G will be announced after some time.
Financial pressure has been mounting on cash-strapped Vodafone Idea, despite opting to convert about Rs 16,000 crore of interest liability payable to the government into equity.
UPI transactions: In August 2020, the total number of Unified Payment Interface (UPI) based digital financial transactions stood at 6.57 billion (657 crore).
Union Finance Minister Nirmala Sitharaman had in her Budget for the fiscal year beginning April 2022 brought a Rs 2 per litre additional levy on petrol and diesel that is not blended with ethanol and bio-diesel, respectively.
Jio 5G launch: Reliance Jio chairman Akash Ambani said, "Jio plans to cover entire India by December... We will make it very affordable, it should be affordable for every Indian - right from device to service."
5G services launched: Industrialist Mukesh Ambani announced that his telecom firm Reliance Jio will launch 5G services across the country by December 2023.
Debit credit cards tokenisation: On September 30, RBI said about 35 crore cards have been tokenised and the system is ready for the new norms which will set in from October 1. The number of tokenised cards had gone up from 19.5 crore tokens created in June, according to data shared by RBI earlier.
The rate paid for gas produced from old fields, which make up for about two-thirds of all gas produced in the country, was hiked to USD 8.57 per million British thermal units from the current USD 6.1, according to an order from the oil ministry's Petroleum Planning and Analysis Cell (PPAC).
By disclosing relevant business data and maintaining a clean credit history, small enterprises can obtain cash flow-based loans that could ease financial problems.
Unveiling the fifth monetary policy for this fiscal, RBI Governor Shaktikanta Das said the central bank remains committed to price stability to put the country on a sustained path of growth.
RBI rate hike: The Reserve Bank's rate-setting panel on Wednesday started deliberations on the keenly awaited monetary policy amidst the expectation of 50 basis points hike.
With the revision, a three-year time deposit with post offices would earn 5.8 percent from the existing 5.5 percent, an increase of 30 basis points for the third quarter of the current financial year.
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