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-
Spl fund for completion of houses up to 2,150sqft
Apartments and villas with a carpet area of up to 200 square metres, or around 2,150 square feet, will be eligible for funding from the Rs 25,000-crore fund to revive stalled real estate projects, the government said on Thursday. -
CBIC to communicate with taxpayers using document identification number
The CBIC circular said no search authorisation, summons, arrest memo, inspection notices and letters issued in the course of any enquiry would be issued without DIN being duly quoted prominently in the body of such communication. -
PLFs of many power plants to fall to 40% by 2022: Report
Power generators find it difficult to service loans when plant load factors (PLFs) — the industry term for utilisation level — goes below 60%. -
Global debt surges to record high $188 tn: IMF chief
While interest rates remain low, borrowers can use debt to make investments in productive activities or weather a bout of low commodity prices. But it can become "a drag on growth," she said. -
India reiterates call for lifting US sanctions against Cuba
As the General Assembly began its annual debate on the matter, representatives lamented that the blockade, now in its 57th year, was strengthened in 2018 and 2019 following steps toward normalisation undertaken between Cuba and the United States in 2015 and 2016. -
Govt examining possibility of regulatory authority for e-commerce sector
"One of the ideas floated as a part of this exercise is whether there's a need for any regulatory authority for e-commerce. It is not a decision because the policy is yet to be finalised, but one of the many suggestions that we are examining," the official added. -
Fitness freak? You may soon get discount on your health insurance premium
IRDAI has floated a draft proposal that will allow insurers to give premium discounts in health insurance for those living a fit lifestyle. -
'Govt not planning to help banks rescue DHFL'
The government has no plans to participate in the rescue of Dewan Housing Finance Corporation Ltd (DHFL), according to two sources involved in talks on how to restructure the shadow bank’s near Rs 1 lakh crore ($14 billion) debt. -
Can think of taking ‘further decision’ if firm indication given on ‘core interests’: MEA on RCEP
Prime Minister Narendra Modi in Bangkok on Monday had said that India will not join the RCEP deal as negotiations failed to address New Delhi's "outstanding issues and concerns". -
22,000 BSNL employees opt for VRS plan in two days
More than 22,000 employees of Bharat Sanchar Nigam Ltd (BSNL) have opted for its VRS plan, within two days of the state-owned corporation announcing the scheme, a senior official said on Thursday. In all, nearly one lakh BSNL employees are eligible for the VRS out of its total staff strength of 1.50 lakh. The scheme that was rolled out on November 5 will be open till December 3. -
BHP says it is unaffected by US sanctions on China#39;s COSCO
In one of the biggest sanctions actions taken by the US government since its crackdown on Iranian oil exports, Washington imposed sanctions on Chinese companies in late September for alleged involvement in moving crude oil from Iran. -
Coal minister Pralhad Joshi announces 3-fold hike in ex-gratia for fatal accidents at mines
Seeking cooperation from all the stakeholders for increasing coal production, Joshi also said that MCL will run mobile medical units in the peripheral villages of its operational areas for brining free healthcare to the doorstep of the needy people. -
FM reviews state of economy with RBI, others
Finance minister Nirmala Sitharaman on Thursday reviewed the state of the economy, including stress in the financial sector, at the meeting of the Financial Stability and Development Council (FSDC). The FSDC is the apex body of sectoral regulators. The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent. -
Cognizant to hire 23,000 engineering talent in 2020
IT major Cognizant will hire around 23,000 STEM (science, technology, engineering, mathematics) talent in India during the calendar year 2020, Ramkumar Ramamoorthy, chairman and managing director, Cognizant India, said on Thursday. -
Slowing Indian economy spells tough times for rupee
A slowing domestic economy will prevent India’s rupee from recouping this year’s losses against the dollar in 2020, with optimism around an easing in the US-China trade dispute not enough to give it a further boost, a Reuters poll showed. -
BPCL privatisation: Dharmendra Pradhan says no role of govt in business; competition to benefit consumers
It is being speculated that the Union Cabinet may take up a proposal to privatise BPCL as early as next week. -
Homebuyers can approach banks for loan revival; Rs 25,000-cr fund not for projects in higher courts: Govt
The finance ministry also said the maximum funding will be Rs 400 crore for any single project that will be seeking assistance from the 'special window' or the alternative investment fund (AIF) for completion of the 1,508 projects comprising about 4.58 lakh units. -
China agrees with US to cancel tariffs in phases
China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said on Thursday, without specifying a timetable. -
Free Internet: Net connectivity as important as food, water in this state; becomes basic right
Now, 20 lakh poor can access the internet for free in Kerala after the state cabinet made the internet connection a basic citizen right, similar to water, food, and education. -
China says agreed with US to remove tariffs if trade deal progresses
The two sides have been embroiled in a bruising trade war for more than a year, and have slapped punitive tariffs on hundreds-of-billions-of-dollars-worth of two-way trade. -
Sensex hits fresh closing high; Nifty reclaims 12k
Continuing its bullish run, the benchmark BSE sensex jumped 184 points to its new record closing high of 40,654, led by gains in pharma and financial stocks, as positive domestic cues boosted investor sentiment. -
Sensex today ends 215 points higher at 40685, Nifty closes above 12000
Sensex today ended 215.02 points higher or 0.53 percent at 40684.80, while the Nifty closed at 12016.10, a gain of 50 points or 0.42 per cent. The gainer stocks on the Sensex include were Sun Pharma (up 3.02%), IndusInd Bank (2.88%), Reliance (1.86%), ITC (1.78%) and Vedanta (1.74%). -
Homebuyers body FPCE cheers govt’s realty booster; calls for stringent monitoring of construction work
Forum For People's Collective Efforts (FPCE), earlier known as Fight for RERA, have been demanding that the government should set a Rs 10,000 crore stressed asset fund to provide relief to five lakhs distressed home-buyers. -
Did you know what made demonetisation worse? Modi govt could not explain it properly
Unknown aims and objectives of demonetisation kept the economy turbulent and the issue of policy communication has not been discussed at any length. -
DIN comes in force from tomorrow, no communication from GST, customs & excise valid without it
Document Identification Number (CBIC-DIN): The computer-generated unique document identification number will be initially used for investigation related matters. -
Closely monitoring situation at PMC Bank; forensic audit underway: Shaktikanta Das
"PMC Bank situation is being closely monitored. Forensic audit is underway in PMC Bank case," Das told reporters after a meeting of the Financial Stability and Development Council (FSDC) here. -
UAE can play vital role in PM Modi#39;s vision of $5 trillion economy, says official
Participating in the inaugural session of Himachal Rising Global Investors#39; Meet at Dharamshala on Thursday, Albanna said, "The UAE is the third largest business partner of India after the USA and China." -
India may impose anti-subsidy duty on imports of copper wire rods from four nations
The commerce ministry's investigating arm Directorate General of Trade Remedies (DGTR) in September last year started a probe into an alleged subsidisation of exports of 'continuous cast copper wire rods' by these four countries. -
PM Narendra Modi says every state, district has role in helping India become $5 trillion economy
“Every state and every district of the country has a great potential and they will play a vital role in achieving the target ,” PM Modi said at the Rising Himachal Global Investors' Meet. -
Every state, dist has role to play for $5tn eco: PM
PM Narendra Modi on Thursday said every state and district in the country had role in India's effort to become a five trillion dollar economy by 2025. PM Modi was inaugurating a two-day event in Dharamshala to attract investment to Himachal Pradesh. Unlike in the past, the states are now competing with each other to attract investment, he said. -
Commerce ministry raises issue of DRI notices to exporters over IGST with FinMin
The commerce ministry has stated that the "overzealous revenue collection" move by DRI (Directorate of Revenue Intelligence) was against exporters. -
IndiGo signs codeshare agreement with Qatar
Top Indian airline IndiGo said on Thursday it signed a one-way codeshare agreement with Qatar Airways, letting the Middle Eastern airline get more access to the fast-growing Indian market. -
FM Nirmala Sitharaman reviews state of economy at FSDC meeting
"The meeting was very constructive and it took stock of entire financial system and other issues," said Finance Secretary Rajiv Kumar after the meeting that lasted nearly two hours. -
India, US optimistic about inking trade deal before year-end, says senior Indian diplomat
Manoj Kumar Mohapatra, Minister (Commerce) in the Embassy of India in Washington, said here on Wednesday that Commerce and Industry Minister Piyush Goyal will visit the US next week during which he will hold discussions over the trade deal. -
'No interest in buying stake in AI, only IndiGo'
Qatar Airways has no interest in buying a stake in Air India, its CEO said on Thursday, as the government plans roadshows in Singapore and London to entice investors. Qatar Airways CEO Akbar Al Baker added that he is interested in buying a stake in IndiGo but this is not the right time as issues among promoters are yet to be resolved. -
Internet now a basic right, just as food, water; free connectivity for poor in this state
Now, 20 lakh poor can access the internet for free in Kerala after the state cabinet made the internet connection a basic citizen right, similar to water, food, and education. -
These states are happiest with India pulling out of RCEP; industry leaders have this to say
The industry leaders from Kerala, Goa, and many other states have also come up with a token of appreciation on the govt's move on RCEP. -
IRDAI stops Reliance Health Insurance from selling policies
IRDAI on Thursday stopped Reliance Health Insurance Co (RHICL) from selling insurance. Going forward, the company will only able to service its old policies. Reliance Health Insurance Co is part of Anil Ambani's Reliance Group, which has been facing serious liquidity issues. The regulator said that the company's solvency margins had dipped to concerning levels. -
IRDAI stops Reliance Health from selling policies
IRDAI on Thursday stopped Reliance Health Insurance Co (RHICL) from selling insurance. Going forward, the company will only able to service its old policies. Reliance Health Insurance Co is part of Anil Ambani's Reliance Group, which has been facing serious liquidity issues. The regulator said that the company's solvency margins had dipped to concerning levels. -
North-South divide at the fore once again; who’s more prosperous, how to decide?
Ease of access and presence of different financial services have led Indians to feel more prosperous, amongst its peers in the Asia region. -
Priyanka Gandhi slams Centre on state of economy
Congress general secretary Priyanka Gandhi Vadra on Thursday attacked the BJP government over the state of the economy, saying those ruling the country are busy in themselves while people are suffering on every front. -
Govt may extend 15th Finance Commission#39;s term by six months: Report
This could indicate that the 15th Finance Commission will provide an interim report before the Budget for 2020-21, and the final report could be submitted at a later date. -
Air pollution, slowing economy pose biggest test for Modi since re-election
Toxic air in New Delhi is driving away tourists, disrupting flights and shutting schools. It’s all culminating in Narendra Modi’s biggest test since he was re-elected with an overwhelming majority in May. -
Ex-RBI Governor Raghuram Rajan says global economy in better place after Fed cuts, trade progress
Rajan said there’s some progress on the trade deal, but it will not be a permanent solution and won’t be something that many people want to see. -
IRDAI orders closure of Reliance Health Insurance Company
Insurance Regulatory and Development Authority (IRDAI) has announced the closure of Reliance Health Insurance Company (RHICL) as the latter has not been able to maintain the required solvency margin since June 2019. -
Gujarat farmers earn over Rs 1 lakh a month: How rose, marigold farming hiked incomes by 10 times
Floriculture has helped reduce distress migration among Adivasi farmers in one of Gujarat’s most backward districts. -
AdWise: 'I need helping hand, but boss is busy?'
Are you dealing with a tough boss? Are your colleagues being mean to you? Is your workplace culture hindering your growth? Talk to us. Our panel of experts will assist you in resolving your workplace related matters. ‘AdWise’ will appear on these pages every Thursday to help you with your workplace matters. Write to us at [email protected] -
Tax evaders beware: Govt to discuss first-of-a-kind measure to keep GST evasion in check
As slowing revenues under the GST have become a concern, officials from the states and the Centre will discuss measures for anti-evasion, revenue augmentation, compliance, returns filing and online system. -
Sensex hits fresh all-time high; Nifty above 12,000
BSE sensex jumped over 200 points to hit its lifetime high of 40,676 in early session on Thursday led by gains in index heavyweights HDFC, ITC and RIL, as positive domestic cues boosted investor sentiment. The 30-share index was trading 202.93 points, or 0.50%, higher at 40,672.71. Similarly, the broader NSE Nifty rose 50.20 points, or 0.42%, to 12,016.25. -
Reviving growth: Govt announces Rs 25,000 crore funds to spur residential projects
India announced a 250 billion-rupee ($3.5 billion) fund to salvage stalled residential projects in a bid to reverse slowing growth in Asia’s third-largest economy.
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