Petrol sales top pre-virus level for first time in 17 months, diesel 11% short

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RBI's new rules on interchange fee, 24/7 bulk clearing facility functional

The Reserve Bank of India's new directions on raising interchange fee and making available the facility of bulk clearing round the clock have become effective from Sunday onwards. The RBI in June raised the interchange fee for financial transactions from Rs 15 to Rs 17, while for non-financial transactions the increase was done from Rs 5 to Rs 6. These new rates have become applicable from August 1, 2021, as per the RBI's direction.

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Maharashtra Govt kickstarts redevelopment of BDD chawls spread over 92 acres in central Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has been appointed as the nodal agency for the entire project, while a consortium of Tata Projects and Capacite Infraprojects will undertake the Worli phase of the project that is expected to be completed in 3 years.

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Patent approvals rise to 28,391 in 2020-21

It added that the government is committed to bolstering the ecosystem of patents, design, trademarks, GI (Geographical Indication) systems to encourage innovation, research and development in the country.

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Companies spending on COVID jabs for individuals except staff to be considered CSR activity

In March 2020, the ministry had said that spending on COVID-19 would be considered as a Corporate Social Responsibility (CSR) activity.

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MPC meet: RBI likely to maintain status quo on interest rate

The RBI Governor-headed six-member MPC decides on the key policy rates. The panel had left the rates unchanged last time citing concerns on inflation.

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Fuel demand picks up in July, petrol at pre-Covid level

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Policy ignition: India's satellite navigation sector set for higher growth trajectory

India's satellite based navigation and augmentation services sector appears headed for a higher growth trajectory with the proposed ignition of a policy push towards effective development, operation and maintenance of such systems.

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GST collections for July record Rs 1.16 lakh crore

The collections crossed the Rs 1 lakh-crore mark again after dipping from the level in June due to lockdowns or restrictions imposed by states amid the Covid second wave.

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