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-
G N Bajpai resigns from IL&FS board
On October 3, the government had set up a seven-member team to replace the earlier board of IL&FS with Bajpai as one of its members and chaired by noted banker Uday Kotak. However, soon after Bajpai’s appointment, proxy advisory firms had red-flagged the government’s decision citing conflict of interest during his association with Kingfisher Airlines. -
GST collection crosses Rs 1 lakh crore for second time since launch
Monthly goods and services tax (GST) collections breached the Rs 1-lakh-crore mark for the second time since its launch in July last year for September (collected in October), giving the Centre some hope that the wide revenue gap against its budget target could be narrowed in the second half of the fiscal. -
Trade wars: US scraps GSP sops, India still defers counter-move
India has decided to defer its plan for a third time to retaliate against extra US duty on its steel and aluminium, even as the Trump administration on Thursday withdrew the benefit of concessional tariffs under its so-called generalised system of preference (GSP) for 50 Indian goods. -
'RBI's refusal to engage forced govt to mull extreme legal step'
The Modi government was driven to consider the extreme step of invoking the never-before-used Section 7 of the RBI Act by central bank governor Urjit Patel's reluctance to engage with stakeholders, according to highly-placed sources. "He was scarce and unavailable to bankers, industry and market players even on matters of pressing concern," a highly placed source said. -
Govt vs Reserve Bank: Why differences may surface again
Despite a temporary easing in tension between the finance ministry and the central bank, differences could surface again when the Reserve Bank Of India's board meets next on November 19, as the ministry will likely take up the contentious issues again. -
Cabinet clears ordinance to amend Companies Act
The Union cabinet on Thursday gave its approval for promulgation of an ordinance to bring amendments to the Companies Act 2013. -
A clutch of states like Tamil Nadu and Madhya Pradesh to follow Maharashtra in APMC reform
After Uttar Pradesh amended the APMC Act in conformity with the model draft law framed by the Centre in April 2017, the Maharashtra government, last week, promulgated an ordinance allowing the traders to buy farm items from markets outside the regulated mandis. -
NBCC to soon come out with policy on stalled, new projects
State-owned NBCC will soon come out with a policy to take up new or stalled real estate projects, where it would work as either a project management consultant, co-developer or a developer, the chairman and managing director of the company, AK Mittal, said. “In a week’s time, we will come up with a proper plan […] -
Delhi workers to get enhanced minimum wages from November
Workers -- skilled, unskilled and semi-skilled -- in the city will get raised wages from this month under the Delhi government's minimum wages rules notified in March this year, AAP minister Gopal Rai said Thursday. -
Xi Jinping admits #39;uncertainty#39; in China#39;s economy
Xi held the meeting amid signs that the world#39;s second-largest economy is losing steam as it faces a trade war with the United States, a massive debt buildup and a weakening currency. -
Donald Trump’s Iran sanctions may no longer be a problem for India; here’s why
US President Donald Trump, in May this year, re-imposed economic sanctions on Iran by withdrawing the 2015 nuclear accord. -
Rupee vaults 50 paise to 73.45 against dollar on improving macro sentiment
Easing of concerns over the rift between the government and the Reserve Bank of India (RBI) also supported the rupee#39;s recovery, forex dealers said. -
IPO income boosts HDFC bottomline by 25% to Rs 2,467 crore
Vice-chairman Keiky Mistry said the company has no issue liquidity issues, despite the crisis in the system and also that it has no exposure to the crippled IL&FS group's debt instruments. -
GST audit deadline’s close! When is taxpayer chosen for audit? What are kinds of audit? All you need to know
The GST law for the first time has defined the term “audit” as an examination of records, returns and other documents maintained or furnished by the taxpayer. -
Taking Ease of Doing Business to the last mile: Focus on making people feel reforms, says DIPP secy
Meanwhile, Finance Minister Arun Jaitley said that India can crack into top 50 if it improves on parameters such as time taken for registering real estate, starting business and enforcement of contracts. -
Google workers walk out to protest office harassment, inequality
The dissatisfaction among Alphabet`s 94,000 employees and tens of thousands more contractors has not noticeably affected company shares. -
This is where India beats 183 countries on Ease of Doing Business
Protecting Minority Investors is one of the 10 parameters of the World Bank for evaluating Ease of Doing Business where India has left 183 nations behind this year. -
Honda CB Shine crosses 70 lakh sales milestone
The motorcycle comes with combination of new graphics with premium 3D emblem, long seat and is equipped with Chrome Carburettor Cover. -
Working to set up Domestic Gold Council to push growth of the sector: Suresh Prabhu
Asked about the industry demand for a cut in the 10 percent import duty on gold, Prabhu said though increase in the imports push the current account deficit (CAD), the government tries to strike a balance between them. -
Airlines may post steepest losses in a decade in FY19: Crisil
Pitching for a 12 percent hike in airfares to offset the increased costs, the report also forecast debt liability of three listed airlines to go up by 10 percent by FY19. -
Govt's 3% share sale in Coal India over-subscribed; to fetch Rs 5,000 crore
The government is selling over 18.62 crore shares or 3 percent in Coal India Ltd (CIL) at a floor price of Rs 266 apiece. -
Focus on registering property, enforcing contracts to further push biz ranking: CII
"CII looks forward to continued momentum of reforms, especially, in areas such as registering property and enforcing contracts, among others, where India needs to catch up," the chamber#39;s President Rakesh Bharti Mittal said in a statement. -
Ease of doing business ranking: Important to reach top-25 in 3 years, says Niti Aayog CEO Amitabh Kant
Niti Aayog CEO Amitabh Kant Thursday expressed hope that India can figure in top-25 nations in the World Bank Ease of Doing Business ranking in next three years. -
Markets end marginally lower in lacklustre trade
Sensex touched an intra-day high of 34,679.93 points and a low of 34,303.38 points. -
#39;Achche din#39; have arrived: BJP on World Bank rankings
India has jumped 65 positions from 142 in 2014 to 77 now, BJP spokesperson Sambit Patra said, adding that India had travelled from the "fragile five" emerging markets to a "fabulous few" in a short span of time. -
India may impose anti-dumping duty on a Chinese chemical
In its probe, the directorate has concluded that the dumping of this chemical has impacted the domestic industry. -
Jet Airways announces Diwali sale, offers upto 30% off on domestic, international flights
Tickets under the scheme must be purchased between October 30 and November 5. -
India biggest commitment for AIIB, says official
India is the biggest commitment country for the Asian Infrastructure Investment Bank (AIIB) which is interested in funding rural roads and transmission lines projects in the country, a top official of the Beijing-based multilateral development bank has said. -
Ease of doing biz ranking: Important to reach top-25 in 3 years, says Amitabh Kant
Kant said India, which has jumped 23 places to the 77th position in the #39;ease of doing business#39; ranking released Wednesday, can reach top 50 in the ranking next year. -
Govt#39;s move to de-escalate its stand-off with RBI is very positive: former RBI governor Bimal Jalan
It is important that SMEs have accessible credit, Jalan added. -
China slashes September US scrap copper imports; sends alumina to Iceland, India
China#39;s General Administration of Customs said in a statement posted on its website on Thursday that it was making available to the public monthly data on the import and export of commodities, including the country of origin for imports and destination for exports. -
DATA STORY | 80% Indians feel last mile connectivity key to improve public transport ridership
The report studies three pillars of mobility -- people, infrastructure and sustainability -- to determine the overall health of a city#39;s mobility -
Vehicle tracking, emergency buttons must all new transport vehicles from January 1
The public service vehicle owners have to ensure that the VLT devices installed in their vehicles are in working condition. -
India’s current economic scenario not like 1991 crisis: Bimal Jalan
On the ongoing sharp foreign fund outflows from the capital market, Jalan pointed to the earlier flush of inflows in the preceding period. -
October GST collections cross Rs 1 lakh crore
The revenue from goods and services tax (GST) in September was Rs 94,442 crore. -
Cabinet approves MoU between India and Korea in the field of tourism
The main objectives of the MoU are to expand bilateral cooperation in tourism, including cooperation in data related to tourism, between tourism stakeholders, including hotels and tour operators, to establish exchange programmes for cooperation in human resource development and encourage investment in the tourism and hospitality sectors. -
GST collections cross Rs 1 lakh crore in October
The revenue from goods and services tax (GST) in September was Rs 94,442 crore. GST mop-up had crossed the Rs 1 lakh crore mark for the first time in April and since then it has remained above the Rs 90,000 crore level. -
Doubling farmers’ income: It’s possible! How much-needed policy can work; all you need to know in 5 points
While the idea of doubling farmers' income talks about using better seeds and enhancing productivity by using better technologies, it can also be done by minimising the struggles faced by small and marginal farmers. -
Manufacturing activity grows at quickest pace in four months on strong orders
The Nikkei India Manufacturing Purchasing Managers' Index strengthened from 52.2 in September to 53.1 in October as new orders and production increased at the quickest rate in four months. New orders increased at a sharp rate during October. The rise in new order flows was the fastest since June. -
Finance Ministry may announce sops to help small and medium-sized businesses on November 2
Prime Minister Narendra Modi will launch a programme to support the businesses in New Delhi on Friday, the finance ministry said. -
Ending APMC monopoly! Maharashtra follows Bihar to allow farm commodities, livestock trade outside mandis
In a major move aimed at dismantling the monopoly of the Agriculture Produce Market Committee (APMC), Maharashtra became the second state after Bihar to allow trade in farm commodities including livestock outside the regulated wholesale markets or mandis. -
SC declines urgent hearing on Karti Chidambaram's plea seeking permission to travel abroad
The top court also observed that judges have more cases "than they can handle". -
China having hard time, says US President Donald Trump over trade war
China has been hurt over the past months and is having a "hard time" due to strong steps taken by the US against it over trade, President Donald Trump has claimed. -
L&T shares rise nearly 7 per cent post Q2 earnings
Shares of Larsen and Toubro (L&T) Thursday climbed nearly 7 per cent after the company reported 28.36 per cent jump in its consolidated net profit for the quarter ended September, 2018. -
GST collection crosses Rs 1 lakh crore mark again after 6 months; here’s what Jaitley says
The Goods and Services Tax (GST) collection for the month of October crossed Rs 1 lakh crore mark. -
Indian gold demand rises 10 per cent in Sep quater; festive outlook muted
Indian gold demand during the September quarter registered a 10 per cent rise to 183.2 tonnes from a year earlier, as prices fell significantly resulting in bargain buying, the World Gold Council (WGC) said in a report Thursday. Going forward, however, the seasonal spike in gold demand could be moderate this Dhanteras-Diwali, owing to factors like a lack of liquidity and rising prices. -
Indian gold demand rises 10% in September quarter; festive outlook muted
Going forward, however, the seasonal spike in gold demand could be moderate this Dhanteras-Diwali, owing to factors like a lack of liquidity and rising prices. -
Why Australia will struggle to escape the next global economic slowdown
The nation’s vulnerability to increasing external risks was the overriding concern of a panel discussion held Thursday between Heather Ridout, chair of Australia’s largest pension fund -
China may rely on fiscal stimulus measures: 7 policy tools it can use to pull economy out of slowdown
Economists expect China’s government to rely more on fiscal stimulus to boost the economy out of the current slowdown, due to the limitations faced by the central bank. -
October PMI: Manufacturing activity jumps; 3 key factors that helped
The manufacturing sector activity in the country improved in the month of October amid gains in new orders, survey said Thursday.
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