Foreign investors pour in Rs 7,714 crore into capital markets in September
NEW DELHI: After remaining net sellers for the past two months, foreign investors infused a net Rs 7,714 crore into the domestic capital markets in September following a slew of economic reforms by the government. The Centre last week slashed corporate tax rate by around 10 percentage points and also clarified that the enhanced tax […]
RBI rate decision, macro data to steer markets in holiday-shortened week
NEW DELHI: The Reserve Bank of India’s (RBI) interest rate decision, macroeconomic data points and global cues would be the key driving factors for the equity market in the holiday-shortened week ahead, say analysts. Markets would remain closed on Wednesday for ‘Mahatma Gandhi Jayanti’. “Markets are expected to consolidate further with the bias on the […]
India will soon come out with an updated National Water Policy
NEW DELHI: Government of India will soon come out with an updated version of National Water Policy to effect key changes in Water Governance Structure, Regulatory Framework, besides setting up of a National Bureau of Water Use Efficiency. Speaking at the valedictory session of the 6th India Water Week-2019 here, Union Minister for Jal Shakti […]
Andhra Pradesh government cancels bauxite mining lease in Vizag
AMARAVATI:The Andhra Pradesh government on Thursday cancelled the conditional lease granted to the AP Mineral Development Corporation for mining of bauxite ore in 1,521 hectares in the tribal region of Visakhapatnam district. The lease was originally granted when current Chief Minister Y S Jagan Mohan Reddys father (late) Y S Rajasekhara Reddy was the CM […]
RBI allows coop bank PMC customers to withdraw Rs 10,000
NEW DELHI: In a relief to the harried customers of crisis-hit Punjab & Maharashtra Cooperative Bank, the Reserve Bank of India (RBI) on Thursday increased the cash withdrawal limit to Rs 10,000 per account, which will help over 60 percent customers of the crippled lender. The RBI had Tuesday imposed a slew of restrictions on […]
Narendra Modi calls Donald Trump special person who left lasting impact everywhere
Prime Minister Narendra Modi on Sunday introduced US President Donald Trump to the Indian-Americans at the mega ‘Howdy, Modi’ event here as a very “special person” who has left a deep and lasting impact everywhere. Addressing over 50,000 Indian-Americans at the NRG stadium, Modi said it was honour and privilege for him to welcome Trump […]
Amit Shah proposes multipurpose card, says next census in 2021 will be done digitally
NEW DELHI: India’s Home Minister Amit Shah on Monday mooted the idea of a multipurpose identity card for citizens with all utilities like Aadhaar, passport, driving licence and bank accounts. Shah also said the Census 2021 data will be collected through mobile app. The Home Minister said there should also be a system that when […]
Petrol price jumps Rs 1.59/ltr, diesel Rs 1.31/ltr after Saudi attacks
NEW DELHI: Petrol prices have soared by Rs 1.59 a litre and diesel by Rs 1.31 in the last six days — the most since daily price revision was introduced in 2017, as a massive strike at Saudi Arabian oil facilities jolted oil markets. Petrol price was on Sunday hiked by 27 paise to Rs […]
Narendra Modi meets energy sector CEOs in US, discusses investment opportunities
HOUSTON: Prime Minister Narendra Modi had a “wonderful interaction” with the CEOs from the US oil and gas sectors and discussed how to harness opportunities in the area to address India’s growing energy needs. The roundtable on Saturday focussed on working together for energy security and expanding mutual investment opportunities between India and the United […]
Five per cent VAT on liquor, petrol and diesel in Madhya Pradesh
BHOPAL :In view of extensive damage caused by heavy rains in Madhya Pradesh, the state government on Friday decided to impose five per cent VAT on liquor, petrol and diesel to generate additional revenue, said an official. The state suffered an estimated loss of Rs 12,000 crore due to excessive rains this monsoon, a senior […]
Corporate tax cut historic: Narendra Modi
NEW DELHI: Prime Minister Narendra Modi on Friday termed as “historic” the cut in corporate tax rates and asserted that economic announcements made in the last few weeks show that his government is leaving no stone unturned to make India a better place to do business. The announcements in the last few weeks clearly demonstrate […]
It’s a bold move: RBI welcomes corporation tax cuts
NEW DELHI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said the reduction in corporate tax is a bold measure which will be highly positive for the economy. In a major fiscal booster, Finance minister Nirmala Sitharaman Friday morning slashed effective corporate tax to 25.17 percent inclusive of all cess and surcharges for […]
India cuts corporation tax to 25.17% for domestic firms; Sensex up 1200 points
NEW DELHI: In a major fiscal booster, the government of India on Friday slashed effective corporatIon tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies. Making the announcement, Finance Minister Nirmala Sitharaman said the new tax rate will be applicable from the current fiscal which began on April 1. Sitharaman […]
Cabinet bans e-cigarettes; an ordinance soon: India
NEW DELHI: The government of India on Wednesday banned production, import and sale of e-cigarettes and similar products, citing health risk to people, especially youth, and an ordinance will be brought in to make it an offence, entailing jail term up to three years as well as fine. The decision, taken by the Union cabinet, […]
Apple has big plans for India, electronic cos bullish about country: Ravi Shankar Prasad
NEW DELHI: Law and IT Minister Ravi Shankar Prasad said all electronics companies are bullish on the Indian market and iPhone maker Apple is going to come in the country with big business plans. Prasad said that during his regime, mobile factories in India have increased from 2 to 268, including component makers for the […]
After Andhra Pradesh, Rajasthan government weighs reserving 75% private jobs for locals
NEW DELHI: The Rajasthan government is mulling the possibility of providing 75 per cent reservation to local people in private jobs, an official said here on Monday. He said various government departments would hold a brainstorming session on it soon. “The proposal is in the initial stage. A brainstorming session will be held with stakeholders […]