August 2020 (Page 2)

States will have to bear the interest burden if they decide to borrow the entire Rs 2.35 trillion shortfall estimated in goods and services tax (GST) revenue: that’s the second option proposed the central government has proposed to raise resources to compensate states amid inadequate cess collection.

The finance ministry, in a letter to states, Saturday shared the details of the two options, which states will examine over seven days. The Council, which met Thursday, will convene again after for discussions.


The centre gave states two options at the Council meeting for compensation: they can either borrow up to Rs 97,000 crore, which is a shortfall arising out of implementation or the entire Rs 2.35 trillion, which accounts for the Covid-19 situation.

States, if they take up the first option, will have to borrow Rs 970,00 crore through issue of debt under a


today fell to 54,440 from Rs 55,200 per 10 gram a day before, while silver jumped to Rs 66,300 from Rs 65,500 per kg, according to Good Returns website.


Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.



In New Delhi, the price of 22-carat gold jumped to Rs 49,900 per 10 gram, and in Chennai to Rs 49,240. In Mumbai, the rate was Rs 50,400, according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 53,720 per 10 gm.


On MCX, October gold futures jumped by 1.07 per cent to Rs 51,448 per 10 gram. Silver September futures stood at Rs 65,976 per kg.


ALSO READ: Gold advances as investors weigh US Fed’s new approach on inflation

Ask for clients and customers to spread the word, and ye might receive (and other tips).

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There’s a type of warm marketing that is better than any other: referrals. We’ve all been on the receiving end of a referral. We ask a friend or colleague to recommend someone for the service we need, and since they’re someone we trust, we go ahead and get in touch. In fact, we sometimes trust who we received the referral from so much that we don’t even need to evaluate other choices. We make the hiring or purchasing decision. 

The research bears this out. Nielsen reported that people are four times more likely to hire someone that


has invited applications for fostering the growth of sector through innovative ideas under its ‘approach’, wherein products and services are tested live in a controlled regulatory environment.


The ‘approach’ can be used to carve out a safe and conducive environment to experiment with innovative approaches (including fintech solutions), and where the consequences of failure, if any, can be contained, said.



The Regulatory and Development Authority of India (Irdai) said it has created a with the objective of using new and innovative ideas with a view to accelerate the growth of the sector.


“The Authority hereby invites applications for the 2nd cohort of the Regulatory Sandbox. The window for filing of applications shall open on September 15, 2020 and close on October 14, 2020,” said in a

The former Disney actress joins the social media network known for its X-rated content.

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Bella Thorne, the actress, singer, and entrepreneur, best known for starring on the Disney Channel series Shake It Up, certainly shook it up this past week. 

Thorne is the latest celebrity to sign up to OnlyFans, a subscription-based social media platform where users can sell or purchase original content. While some mainstream celebrities and influencers, such as Cardi B, have OnlyFans pages, the platform is primarily known for its adult content.

After setting up her account and asking $20 for a subscription, Thorne quickly made $1 million dollars in 24 hours, temporarily shutting the site down. She will clear $2 million by the end of the week. Not bad for posting alluring original content,


March recorded the worst-ever foreign portfolio investor (FPI) equity outflows in a calendar month, at Rs 58,632 crore ($7.9 billion).


Now, August is set to log the highest-ever foreign investor flows into domestic stocks. With one trading session to go, the FPI investment tally for the month stands at Rs 47,518 crore ($6.4 billion), surpassing the previous best monthly tally of Rs 33,782 crore in March 2017 in rupee terms, and $6.4 billion in dollar terms during September 2010.



While the sell-off in March was triggered by the panic caused by the Covid-19 pandemic and a virtual halt in economic activity, the 180-degree turn in sentiment was orchestrated by aggressive stimulus measures taken by global central banks, particularly the US Federal Reserve.


Market players say the flow remains stable as long as the US Fed keeps interest rates low.