GSTN has released an important advisory for taxpayers experiencing technical difficulties while filing amnesty applications under Section 128A of the Central Goods and Services Tax (CGST) Act. This guidance comes as the June 30, 2025 deadline for claiming waiver benefits looms. Over 3 Lakh Amnesty Applications Filed As of June 8, 2025, over 3.02 lakh … Read more
Kellton Tech Solutions, a small-cap company whose stock has delivered an impressive 800% rally over the past five years, saw its shares surge over 9% on Thursday, June 12. This jump followed an announcement that its board will meet on Saturday, June 14, to consider significant proposals: raising funds and a stock split. The company … Read more
Paytm shares tumbled 10% on Thursday, June 12, 2025, hitting a low of Rs 864.20. This sharp decline followed speculation that the Indian government might reintroduce the Merchant Discount Rate (MDR) on UPI payments. However, the Finance Ministry quickly dismissed these reports as “false, baseless, and misleading,” reaffirming that no MDR has been imposed on … Read more
Subject : Advisory on filing of Amnesty applications under Section 128A of the CGST Act 1. As on 08.06.2025, a total of 3,02,658 waiver applications have been filed through SPL-01/02. However, it has come to notice that certain taxpayers are facing difficulties in filing amnesty applications under Section 128A on the GST portal. In view of the approaching … Read more
Trump Announces “DONE” Trade Deal with China: Magnets and Rare Earths Secured Washington D.C. – In a significant development, President Donald Trump announced on Wednesday, June 11, 2025, that a preliminary trade deal with China has been finalized. Taking to his Truth Social platform, Trump declared, “OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL … Read more
The Reserve Bank of India (RBI) recently trimmed the repo rate by 50 basis points, bringing it down to 5.50%. This move is designed to inject vitality into the economy amidst cooling inflation. While good news for borrowers, it has distinct implications for your Fixed Deposit (FD) returns and the tax you’ll owe on that … Read more
Gold and Silver Prices Today: June 12, 2025 Gold and silver prices are on the rise today, June 12, driven by several factors. US President Donald Trump’s recent statements about imposing new tariffs, coupled with heightened geopolitical tensions in the Middle East, have increased the appeal of these precious metals as safe-haven investments. The US … Read more
In a significant stride toward de-escalating trade tensions, President Donald Trump announced a new trade deal with China that, if finalized, would see China providing rare earth elements and magnets upfront to the U.S. This agreement, which still needs the green light from both Trump and Chinese President Xi Jinping, also includes U.S. concessions, such … Read more
MINISTRY OF COMMERCE AND INDUSTRY(Department for Promotion of Industry and Internal Trade)NOTIFICATIONNew Delhi, the 5th June, 2025G.S.R. 374(E).—Whereas, the draft of certain rules further to amend the Static and Mobile PressureVessels (Unfired) Rules, 2016, were published, vide notification of the Government of India in the Ministry ofCommerce and Industry (Department for Promotion of Industry and … Read more
PRESS RELEASERESERVE BANK OF INDIAWebsite : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,email : helpdoc@rbi.org.in Mumbai – 400 001 /Phone: 022 – 2266 0502 Conversion/Switch of Government of India SecuritiesGovernment of India announces the conversion/switch of its securities through auctionfor an aggregate amount of ₹25,000 crore (face value). The security-wise details … Read more
