Top 10 biz headlines: Alok Verma, GST Council meet, TCS results, and more

Top 10 biz headlines: Alok Verma, GST Council meet, TCS results, and more Here are the top 10 stories that made news on Monday

Current Affairs: PM-led committee removes Alok Verma as CBI chief 48 hrs after reinstatement The high-level selection committee led by Prime Minister Narendra Modi has removed Alok Verma 48 hours after he was reinstated as director of the Central Bureau of Investigation (CBI) by the Supreme Court. The decision was taken on Thursday evening in a closed-door meeting that lasted three hours. According to sources, the panel took into account serious allegations flagged by the Central Vigilance Commission (CVC) in its report, which was being presented before the panel comprising Justice A K Sikri, besides Modi and Congress leader Mallikarjun Kharge. Sikri was appointed by Chief Justice of India Ranjan Gogoi as his representative.

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Govt doubles GST exemption limit for MSMEs; 2 million businesses to benefit Two million additional micro, small and medium enterprises (MSMEs) in India will become eligible to opt out of the goods and services tax (GST) system from the beginning of the next financial year, the GST Council decided on Thursday. The Council took a slew of measures for MSMEs by increasing the annual turnover threshold for exemption from GST registration to Rs 40 lakh from the current Rs 20 lakh, introducing a composition scheme for services, easing return filing procedures, and raising the composition threshold for traders and manufacturers. However, for services providers, the threshold remains the same at Rs 20 lakh.

TCS net profit crosses Rs 8,000-crore milestone in Q3, jumps 24% y-oy The country’s largest information technology (IT) services company, Tata Consultancy Services, earned its highest-ever net...read more

→News Source:BS/Business Standard←