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Business highlights

·2-min read

New Delhi, Aug 1 (PTI) Following are the top business stories at 1830 hours:- DEL51 BIZ-LD GST-COLLECTION GST collections lower at Rs 87,422 cr in July New Delhi: The country's GST collections declined to Rs 87,422 crore in July from Rs 90,917 crore in the previous month, a finance ministry statement said on Saturday.

DEL44 BIZ-FM-MSME Govt widens ambit of Rs 3 lakh cr MSME credit guarantee scheme New Delhi: The government on Saturday widened the scope of the Rs 3-lakh crore MSME credit guarantee scheme by doubling the upper ceiling of loans outstanding to Rs 50 crore and including certain individual loans given to professionals like doctors, lawyers and chartered accountants for business purposes under its ambit.

DCM11 BIZ-PRASAD-MOBILE MFG Apple vendors, Samsung, others line up with Rs 11-lakh cr mobile phone mfg proposals: Prasad New Delhi: As many as 22 domestic and international firms, including iPhone maker Apple's contract manufacturers as well as Samsung, Lava, Dixon and so forth, have lined up with proposals for mobile phones production worth Rs 11 lakh crore over the next five years, Union Telecom and IT Minister Ravi Shankar Prasad said on Saturday.

DEL25 BIZ-PASWAN-NFSA J&K, Manipur, Nagaland, Uttarakhand join 'One Nation-One Ration Card' scheme: Paswan New Delhi: Jammu and Kashmir, Manipur, Nagaland and Uttarakhand have joined the 'One Nation-One Ration Card' scheme, taking the total number of states and union territories connected under the scheme to 24, Food Minister Ram Vilas Paswan said on Saturday.

DEL21 BIZ-FM-GST-COMENSATION GST Council to discuss AG opinion on compensation: FM New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the Attorney General's view on GST compensation was sought after consultation with the states and a meeting of the GST Council would be held to discuss the legal opinion.

DEL16 BIZ-FM-PSU Govt to come out with strategic sectors list soon: FM New Delhi: The government will soon come out with a new public sector enterprises policy that will define strategic sectors which will not have more than four PSUs, Finance Minister Nirmala Sitharaman said on Saturday.

DCM22 BIZ-LD-AUTO SALES Maruti July domestic sales up 1.3%, Hyundai down 2% as auto sector crawl towards recovery New Delhi: The country's largest car maker Maruti Suzuki India on Saturday reported a 1.3 per cent increase in domestic passenger vehicle sales in July while that of the second biggest maker Hyundai Motor India fell by just 2 per cent, signalling recovery in the sector hit hard by COVID-19.

DEL7 BIZ-ATF-PRICE-HIKE ATF price hiked 3 pc; no change in LPG, petrol, diesel rates New Delhi: Jet fuel or ATF price on Saturday was hiked by 3 per cent, the fifth straight increase in two months, while there was no change in rates of cooking gas LPG, petrol and diesel. PTI MKJ MKJ MKJ