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Will act against traders inflating prices post GST: Kerala govt

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Many traders are making profits by imposing GST on pre-GST price, the state Finance Minister said Latest news : The Kerala government on Thursday said stern action will be taken against those hiking prices of commodities following the launch of Goods and Services Tax (GST). Chief Minister Pinarayi Vijayan said the government viewed the present increase in prices of commodities very seriously. The government has already established a mechanism to file complaints on increase of prices of commodities, he said in a press release. He added that Kerala has already raised the issue before the Centre. Earlier, state Finance Minister T M Thomas Isaac urged the central government to take steps to check tendency in trade and business to make undue profits following the launch of the GST. Kerala wants the Centre to set up an anti-profiteering authority at the national level, he said. In a letter to his counterpart at the Centre, Arun Jaitley, Isaac claimed that though...

All ATM withdrawals not chargeable, SBI clarifies after furore in Kerala

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the charge of Rs 25 is applicable only for withdrawals from SBI Buddy through ATMs. Amid a public outcry in Kerala over a State Bank of India (SBI) announcement levying charges on ATM cash withdrawals from June 1, the largest public lender on Thursday clarified that the charge of Rs 25 is applicable only for withdrawals from SBI Buddy through ATMs. "Rs 25 per transaction charge is applicable only for mobile wallet app SBI Buddy using ATM. This is applicable only for State Bank Buddy customers," the bank said here in a statement. The clarification comes after the SBI in a notification indicated that all ATM withdrawals will be charged a fee of Rs 25, which was later replaced with the corrected notification. READ THIS: Solar power tariff sees unprecedented fall, tumbles to Rs 2.44 a unit The bank said that the number of free withdrawals from ATMs remained unchanged. Jan-Dhan account holders with the SBI can avail of four free withdrawals in a month fr...