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Mid-day break… with EZ Wealth

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”67592″ img_size=”large” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Council to discuss bringing petrol and diesel under GST

• Amid a raging row over the hefty taxes on petrol and diesel, the GST Council will deliberate on Friday on bringing the two fuels under the GST regime even as it is set to sort out the vexatious issue of whether and how to compensate states for any GST revenue shortfall beyond June 2022; the NITI aayog is of the view that given a seamless input tax credit mechanism to be facilitated under GST, the industry’s post-tax profitability could increase and result in substantial incremental growth in the government’s direct tax results

Domestic natural gas ouput rises 19% on RIL-BP boost

• The production of domestic natural gas increased 19.2% to 2898 million standard cubic metre in August on a year-on-year basis, mainly due to higher production from Reliance Industries and BP’s ultra-deep-water field in the KG-D6 Block of the Krishna Godavari basin on the east coast. Analysts at CRISIL said given the record-high rates of petrol and diesel, the sales volume of city gas – comprising CNG and PNG used by homes and industries – is set to soar 25-27% in FY22

CarTrade’s one-stop platform to buy, sell pre-owned cars

• Multi-channel auto platform CarTrade Tech has launched a tailor-made one-stop service for hassle free buying and selling pre-owned cars across nine-cities; The newly launched offline and online retail platform

Retail sales continue to lag pre-pandemic level ahead of festive seasons

• Retail sales in August 2021 were at 88% of the August 2019 level, with north and south India witnessing the highest recovery, Retailers Association of India said in a media statement. In July, retail sales were at 72% of the pre-pandemic level. The overall industry sentiment, according to the statement, will improve when clothing and accessories categories witness growth

Crypto bourses hit no entry on SBI UPI platform

• Country’s largest lender, SBI, has blocked the receipt of funds by crypto bourses on its UPI platform, the bank has told payment processor to disable SBI UPI for crypto merchants; WazirX, country’s largest crypto bourses, is trying to engage with SBI

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Disclosure:

EZ Wealth is a Stock Broker registered with BSE, NSE and MSEI in all the major segments viz. Cash, F&O and CDS segments. EZ Wealth is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, EZ Wealth is a SEBI registered Portfolio Manager. EZ Wealth is a step-down subsidiary of Wealth Discovery Securities Pvt. Ltd (referred as ‘WDSPL’ hereafter).

This report is not to be altered, transmitted, reproduced, copied, redistributed, uploaded, published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from EZ Wealth.

The projections and the forecasts described in this report are based on estimates and assumptions and are inherently subject to significant uncertainties and contingencies. Projections and forecasts are necessarily speculative in nature, and it can be expected that one or more of the estimates on which the projections are forecasts were based may not materialize or may vary significantly from actual results and such variations will likely increase over the period of time. The recipients should consider and independently evaluate whether it is suitable for its/ his/ her/their particular circumstances and if necessary, seek professional / financial advice as there is substantial risk of loss. EZ Wealth does not take any responsibility thereof. Any such recipient shall be responsible for conducting his/her/its/their own investigation and analysis of the information contained or referred to in this report and of evaluating the merits and risks involved in securities forming the subject matter of this report. The price and value of the investment referred to in this report and income from them may go up as well as down, and investors may realize profit/loss

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