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The GST Council meeting remained inconclusive on the issue of borrowing to meet the compensation shortfall and will meet again on October 12.

But the Council agreed to release ₹24,000 crore I-GST for the FY17-18 to States, which had not received the full amount as only a temporary settlement was made at that time. It has also been decided to disburse immediately to States/UTs the ₹20,000 crore collected so far this fiscal year through the compensation cess.

Sitharaman also said the Council has decided to increase the time period for levying the compensation cess beyond 2022. 

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In a bid to take on Google, Paytm today announced the launch of its Android Mini App Store to support Indian developers. This comes after Google recently evicted Paytm from its play store for allegedly violating norms. While Paytm denied any violations, it had initiated discussions with other Indian start-up founders to establish a desi app store.

Paytm is providing listing and distribution of these mini-apps within its app without any charges. For payments, developers will be able to give a choice of Paytm Wallet, Paytm Payments Bank, UPI, net-banking and cards to their users.

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India Meteorological Department (IMD) says it has spotted a cyclonic circulation over the Gulf of Thailand (to the East of the Andaman Sea/Bay of Bengal), a likely precursor to the formation of the anticipated new low-pressure area over the North Andaman Sea by Friday.

The low is expected to move north-westwards towards north Andhra Pradesh and Odisha coasts with gradual intensification into a depression during the subsequent two-three days. This will trigger enhanced rainfall over North Andhra Pradesh during 11-13 October, the IMD said.

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The Lok Janshakti Party (LJP) on Sunday walked out of the ruling National Democratic Alliance in Bihar ahead of the state assembly polls, as it attacked Chief Minister Nitish Kumar and announced that it would fight JD(U) candidates in the elections.

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Mala Bargava discusses the Note 20 with Dinakaran Rengachary, a big Fan of the Samsung Note series.

In this conversation,  Dinakaran tells Mala why he chose the Note 20 and whether he likes it.

Pune-based entrepreneur Jayashri Yadav who is the first person to be granted a license to make floral wine.  Yadav also holds a patent for a wine derived from roses. Wine would be made of crushed rose petals with sugar as the base. Fermented sugar will give the alcohol taste while rose will lend its flavour.

Taking cues from the systematic investment plans (SIPs) of mutual funds, Bajaj Finance launched a new FD product earlier this year -- the Systematic Deposit Plan (SDP).

We reviewed the product in January this year. Bajaj Finance has now launched a variant of a SDP, with a ‘Single Maturity’ option.

We take look at whether this new feature makes the cut as a worthy investment.

It’s been a tough year for many with job losses and pay-cuts. Especially in times like these, every rupee counts — and it will pay to pay closer attention to your payslip.

Understanding the components of the payslip could help you get a better deal from your employer and negotiate better with prospective employers. A tax-efficient pay-package — to the extent possible — will mean more money in your pocket.

The pain of pay-cuts can also be reduced if some pay components are left untouched.

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In a move that could bring somecheer to Indian techies, a US Federal Court has blocked US President Donald Trump’s H-1B visa ban.

In June, Trump had signed an executive order to temporarily suspend immigration “in light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our great American Citizens

The court’s decision comes as positive for Indian techies and companies who have had to resort to local hiring and some have even asked many of their onsite employees to return to India.

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Reliance Retail Ventures Ltd (RRVL) has raised a total of Rs 32,197.50 crore from global investors in lieu of a 7.28 per cent stake. Mostly, the investments came in at a pre-money equity value of Rs 4.285-lakh crore.

The latest tranche came in late last night, with RRVL, a subsidiary of Asia’s richest man Mukesh Ambani-controlled Reliance Industries Ltd (RIL), raising Rs 7,350 crore in two back-to-back deals.

On Friday night, RRVL raised Rs 1,837.5 crore from TPG in lieu of a 0.41 per cent stake, which was immediately preceded by a Rs 5,512.5-crore funding from GIC in exchange for a 1.22 per cent stake.

While most of the investments came in at a pre-money equity value of Rs 4.285-lakh crore, the initial investments by KKR and Silver Lake deals valued RRVL at Rs 4.21-lakh crore.

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