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-
Need more financial education as financial inclusion improves, says panel
As more people become part of the digital financial economy, users need to become financially literate and aware about ecosystem. -
India's domestic air passenger traffic rose by 24% in February: Report
The total domestic air passenger traffic had risen to 1.14 crore in January. -
Facebook stock loses $25 billion amid Cambridge Analytica data breach scandal
Cambridge Analytica worked on Facebook ads for US President Donald Trump during the 2016 election. -
CBI charges former Canara Bank chief in alleged loan fraud case
The Central Bureau of Investigation (CBI) filed charges on Monday against a former chairman of state-run Canara Bank and others over allegations that the officials helped a company defraud the bank of about $10.5 million taken in loans over four years ago. -
7th Pay Commission: Modi govt says no salary hike in minimum pay
MoS for Finance P Radhakrishnan said the government was not considering a hike in minimum pay and fitment factor beyond the recommendations of the 7th Pay Commission. -
India#39;s net exports not doing well: Bibek Debroy
Debroy further highlighted that India is facing a dilemma from the point of view of pushing exports, as exporters would like exchange rate to depreciate, however exchange rate might not depreciate as much as exporters want because of capital inflows. -
Unrealistic to expect GST to settle down in less than 10 yrs, says PM’s Economic Advisory Council Chairperson Bibek Debroy
Prime Minister's Economic Advisory Council Chairperson Bibek Debroy on Monday said the implementation of the Goods and Services Tax (GST) is a process which would take more than 10 years to settle down. -
Future Retail gets RBI nod to increase RPFI to 49%
Future Retail today said it has received approval from the RBI to increase the limit of its Registered Foreign Portfolio Investors to 49 per cent of its paid up capital. -
Domestic air passenger traffic rose by 24.14% in February: DGCA
In February, domestic airlines flew 1.07 crore passengers compared to 86.55 lakh passengers flown during the corresponding period last year, data released today by aviation watchdog Directorate General of Civil Aviation said. -
Uncontrolled development sans risk assessment increases risk of losses from disasters: NITI Aayog VC Rajiv Kumar
Inaugurating the first India-Japan workshop on disaster risk reduction here, Kumar underlining the impact of disaster on development and said climate change has further aggravated the risk. -
PNB scam: 11 accused get judicial custody till March 28
The CBI has alleged that the firms controlled by diamond baron Nirav Modi and his uncle Mehul Choksi had obtained fraudulent LoUs and letters of credit (LCs), worth over 13,000 crore from the PNB in connivance with some officials of the bank. -
Tripura CM Biplab Kumar Deb meets PM Modi, discusses development issues
This was Deb#39;s first visit to the national capital after the BJP formed its first state government in the state, decimating the Left Front which ruled the state for 25 years in the recent Assembly polls. -
NHAI awards project worth Rs 1,256 cr on Gurgaon-Sohna road
"The NHAI, has issued LOA for development of NH-8 Haryana on Hybrid Annuity Mode. Development of this section of Dwarka Expressway will ensure seamless and safe movement of traffic between Delhi-Gurgaon and help in decongestion of existing Delhi-Gurgaon Expressway," Ministry of Road Transport and Highways said in a statement. -
The Future of Taxation: Experts decode India’s approach to taxing digital companies
In a special show, The Future of Taxation, a panel of experts decode India’s approach to taxing digital companies. -
Manufacturing cos#39; sales improve in Q3, profit subdued: RBI
The RBI data released today said the information technology (IT) sector recorded a modest improvement in sales growth, although lower than a year ago. -
Swiggy partners ICICI bank to launch digital payment solutions for faster delivery
The integration aims to bring convenience to Swiggy's large fleet of delivery partners by reducing the need for travelling to their collection hubs to deposit the money. -
Stable trade policy needed to boost agriculture exports: Draft policy
The draft policy has also pitched for greater involvement of states, improvement in infrastructure and logistics and promotion of RD activities for new product development for the upcoming markets. -
Assam electricity tariff to fall by 14 paise/unit from April
"The energy charges have been reduced by 20-30 paise per unit. The Commission has marginally increased the fixed/demand charges for most categories. This has resulted in an overall decrease of 2 per cent (14 paise/unit) as compared to the existing tariff," Assam Electricity Regulatory Commission (AERC) said in a statement. -
UltraTech to buy Binani Cement for Rs 7,266 crore, seeks end to insolvency proceedings
The move comes days after rival Dalmia Cement said its Rs 6,350 crore bid to buy Binani Cements Ltd has been accepted by the lenders. -
IRDAI bars insurers from rejecting health claims due to genetic disorders
Till now, claims arising from genetic disorders in health insurance were rejected. -
GAIL gets nod for pipeline to Guwahati: Dharmendra Pradhan
GAIL is currently laying a 2,655-km pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal and Bokaro in Jharkhand and Dhamra in Odisha at a cost of Rs 12,940 crore. -
Cane arrears rise to Rs 14,000 cr till January; may touch record by month-end: ISMA
To improve liquidity of millers, the government should remove export duty of 20 per cent and allow shipment of 2 million tonnes immediately, it said in a statement. -
Delhi Economic Survey: City’s per capita income almost three times of national average
The Delhi government today pegged the size of the Gross State Domestic Product (GSDP) at Rs 6.86 lakh crore for 2017-18, which is at a growth rate of 11.22 per cent over the last fiscal. -
India has not signed any FTA in last 3 years: Govt
Minister of State for Commerce and Industry C R Chaudhary, however, said that the country has expanded the scope of India-Asean trade in goods agreement in November 2014. -
No new bank guarantee from Axis Bank to be accepted, says Telecom department
Telecom firms have to routinely furnish bank guarantees to meet their contractual commitments. -
Modi plans to double agriculture income but India’s youth not interested in making a career in it
There was 25 percent plunge in the average number of agriculture related job searches each week during CY2017, a survey said. -
Demand for accredited executive coaching programmes on the rise
An executive coach works with high potential individuals on a one-on-one basis to help them achieve certain goals -
No FDI in defence, ports, coal in April-December: Govt
The other three sectors, which were not able to attract foreign inflows are - photographic raw filmpaper, dye-stuffs and coir, according to the data shared by Minister of State for Commerce and Industry C R Chaudhary in a written reply to the Lok Sabha. -
No proposal to review gold import policy, says govt
"At present, there is no proposal to review the gold import policy," Minister of State for Commerce and Industry C R Chaudhary said in a written reply to the Lok Sabha. -
Key BJP ally skips event to mark first year of Yogi Adityanath govt
Playing spoilsport, alliance partner Suheldev Bharatiya Samaj Party (SBSP) today decided to skip the grand event held to celebrate the first anniversary of the Yogi Adityanath government in office and even took a pot-shot saying building temples in Mathura and Kashi will not solve any problem. -
India, Hong Kong shake hands to avoid double taxation
India and Hong Kong today signed a double taxation avoidance agreement (DTAA) that seeks to improve transparency in tax matters and help curb tax evasion and avoidance. -
Two IndiGo aircraft grounded due to technical snag during take-off
An A320 (neo) aircraft of the IndiGo was supposed to leave for Mumbai from Cochin. -
Bandhan Bank IPO oversubscibed 14.56 times
The initial public offer (IPO) of Bandhan Bank was oversubscribed 14.56 times, eliciting good response from QIP and HNI investors, a top official of the bank said. -
MSME credit to grow at 12-14% over next 5 years: Icra
NBFC and housing finance companies are expected to expand at about 20-21 per cent compounded annual growth rate (CAGR) in this space during the period, while bank credit to this segment, which accounted for about 84 per cent of total MSME credit, is estimated to grow at a lower CAGR of 9-11 per cent, according to a report by Icra. -
Gujarat allocates more budgetary resources for social sector: NITI Aayog
The chief of the government think-tank was in Ahmedabad yesterday where he spoke of Gujarat allocating more budgetary resources to different sectors including health and education. -
7.5% GDP growth easy, but not enough; India needs lots of salaried jobs to do any better: World Bank
The World Bank has said that sustaining a long run growth will require a focus on inclusive and productivity-led growth that generates salaried jobs for India’s growing population. -
New algorithm may prevent cyber attacks on GPS devices
The algorithm, which can be applied to cell phones or computers as easily as a new app, has the ability to recognise false GPS signals and counter an attack while it occurs. -
CBEC to verify GST transitional credit claims of 50,000 taxpayers
This verification is to be completed by June and a status report has to be given to the Central Board of Excise and Customs (CBEC) by July 10. One-third of the remaining claims of 50,000 taxpayers will be verified in three phases -- July-September, October-December and January-March (2019). -
Claiming HRA? A checklist to follow
House Rent Allowance or HRA is an important component of a salary break-up. You can claim deduction on HRA when computing your tax liability or when filing income tax returns. -
Govt invites EoI for strategic stake sale in Scooters India
In a global invitation, the heavy industry ministry has asked interested parties to submit the EoI on or before May 7, 2018. Scooters India Limited (SIL) is a PSU under the administrative control of the ministry. -
India's current account deficit likely at 1.7% in FY18: Report
According to RBI data, the current account deficit rose to 2% of the GDP at $13.5 billion in the December quarter. -
No major impact of US import duty on global aluminium industry
Post announcement of the higher tariffs by the US government, aluminium premiums have risen sharply by 21 per cent in the US and by 10 per cent in Asia, reflecting the expectation of the commodity market that the above move is unlikely to have any significantly adverse impact on the global aluminium industry, the report said. -
India exports 8.22 MT finished steel during April-January FY18
As against exports, the imports were lower at 6.45 MT during the said period, Minister of State for Steel Vishnu Deo Sai said in a reply to the Lok Sabha. -
India#39;s CAD likely at 1.7% this fiscal: Report
With the December quarter current account deficit worsening to 2 per cent of GDP, Bank of America Merrill Lynch (BofAML) raised its current account deficit (CAD) forecast for this financial year and for the next fiscal. -
Air India to begin service to Tel Aviv from Thursday
The disinvestment-bound national carrier Air India will deploy a 256-seater Boeing 787-800 on the New Delhi-Tel Aviv route that will be launched from Thursday. -
Sensex extends slide for 5th day, tanks 253 points, Nifty below 10,100
According to market observers, investors were cautious ahead of the US Federal Reserve's meet on March 20-21. -
Maharashtra farmers affected by February hailstorms given Rs 313 cr: Min
In a written reply to a question in the Legislative Assembly, Patil said that hailstorms and rain damaged agriculture crops over an area of 2.54 lakh hectare and multi-crops on an area of 38,046 hectare. -
Expedite #39;vigorously#39; Chhattisgarh steel plant project: Parliamentary panel to NMDC
The country#39;s top iron ore producer had earlier announced to commission its about Rs 18,000 crore integrated steel plant by May 2015. -
US wages trade war on Indian shrimps; hikes anti-dumping duty to 2.34% from 0.84%
The United States Department of Commerce (USDoC) has raised anti-dumping duty on shrimp exports from India to 2.34% from 0.84%, a move which will lead to "some margin compression" across the supply chain. -
Agriculture, farming jobs see low interest from millennials: Survey
However, Indeed said that clean labelling firms may re-kindle interest in agriculture jobs
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