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India's IIP growth at 3.1% in May, June retail inflation at 3.18%

India's IIP growth at 3.1% in May, June retail inflation at 3.18%

In terms of industries, twelve out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of May 2019.

Jul 12, 2019, 17:51 PM IST
Sitharaman rebuts Chidambaram point-by-point, reiterates budget figures realistic

Sitharaman rebuts Chidambaram point-by-point, reiterates budget figures realistic

In her reply on Budget in the Upper House, she said that Chidambaram had not made like-to-like comparison over income tax and custom duty collections and had therefore perhaps arrived at wrong

Jul 12, 2019, 16:46 PM IST
Banks in big loss or under PCA to be barred from buying NBFC assets

Banks in big loss or under PCA to be barred from buying NBFC assets

In the Budget 2019-20, the Centre has allowed a one-time, partial credit guarantee of six months to public sector banks (PSBs) on their first loss of up to 10 per cent for purchase of high-rated

Jul 12, 2019, 13:12 PM IST
India-US trade negotiations to re-start today, US to seek rollback of Indian tariffs

India-US trade negotiations to re-start today, US to seek rollback of Indian tariffs

A delegation led by Assistant US Trade Representative for South and Central Asia, Christopher Wilson, will meet Indian officials to try to re-start negotiations on the tariffs, which were response to

Jul 12, 2019, 11:24 AM IST
1371 persons arrested for selling unauthorised drinking water on trains, fined Rs 6.80 lakh

1371 persons arrested for selling unauthorised drinking water on trains, fined Rs 6.80 lakh

Railways have seized a total of  69294 bottles of during the drive and Rs 6,80,855 have been realized from these offenders.

Jul 11, 2019, 15:15 PM IST
Railways plans to add 4 lakh berths by leaving power cars

Railways plans to add 4 lakh berths by leaving power cars

Giving the example of Rajdhani Express, Railway official said the Rajdhanis are currently hauled by a single locomotive with two diesel-powered generator cars at the rear to provide air conditioning

Jul 11, 2019, 11:01 AM IST
Ease of tax compliance will promote ease of living: CBDT Chairman

Ease of tax compliance will promote ease of living: CBDT Chairman

Pre-filling of returns shall be able to reduce errors in tax calculation and also collection. Faceless assessment is a great step. Tax offices will be anonymized and the pain points will be minimized

Jul 10, 2019, 18:21 PM IST
Budget advances economic reform, fiscal settings unchanged: Fitch

Budget advances economic reform, fiscal settings unchanged: Fitch

Fitch said that the extent and timing of any benefits from the budget measures to GDP growth will depend on policy details that are yet to be announced and on effective implementation.

Jul 10, 2019, 15:14 PM IST
800 arrested in crackdown against spurious water sold in Indian train

800 arrested in crackdown against spurious water sold in Indian train

Indian Railway has been relentlessly working to upgrade facilities for its passengers and make their journey safe and comfortable.

Jul 10, 2019, 13:39 PM IST
Indian consumer durable industry to hit $36 bn by 2023

Indian consumer durable industry to hit $36 bn by 2023

The findings were based on survey of 6,800 consumer durable buyers and discussions conducted by Kantar IMRB for the study.

Jul 09, 2019, 17:49 PM IST
Tejas is 1st Lucknow-Delhi train to be run by private players

Tejas is 1st Lucknow-Delhi train to be run by private players

The Railway Board is deliberating on a second such route, which too would be within the 500-km range.

Jul 09, 2019, 11:49 AM IST
Railways plans to invite private players to enter train operations, may submit detailed roadmap on Wednesday

Railways plans to invite private players to enter train operations, may submit detailed roadmap on Wednesday

In a bid to provide better amenities and facilities to passengers, the Railway Ministry will lay out the terms and conditions before the Board in its roadmap.

Jul 09, 2019, 10:17 AM IST
Union Budget 2019 laid down good platform for sustainable economic growth: Acuite Ratings

Union Budget 2019 laid down good platform for sustainable economic growth: Acuite Ratings

Finance Minister Nirmala Sitharaman in her maiden Budget address laid out a clear road map to make India a $5 trillion economy by 2024.

Jul 08, 2019, 18:21 PM IST
Day after Budget 2019, petrol and diesel prices shoot up across country

Day after Budget 2019, petrol and diesel prices shoot up across country

FM Sitharaman had announced an additional special excise duty of Re 1 and infrastructure cess of Re 1 per litre on both petrol and diesel while presenting the budget.

Jul 06, 2019, 09:07 AM IST
Union Budget 2019 envisions a 'New India', says FM Nirmala Sitharaman

Union Budget 2019 envisions a 'New India', says FM Nirmala Sitharaman

FM Nirmala Sitharaman on Friday said that the Union Budget 2019 envisions a 'New India' and aims to make the country a USD 5 trilion economy.

Jul 05, 2019, 23:38 PM IST
Union Budget 2019: Government to introduce schemes to encourage role of women in economic growth

Union Budget 2019: Government to introduce schemes to encourage role of women in economic growth

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman said in Parliament today that “the role of women is a very sweet story” in India’s growth particularly in the rural economy while

Jul 05, 2019, 18:33 PM IST
Union Budget 2019: FM announces slew of provisions, exemptions, tax benefits for Indian start-ups

Union Budget 2019: FM announces slew of provisions, exemptions, tax benefits for Indian start-ups

Start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums,

Jul 05, 2019, 17:15 PM IST
Union Budget 2019: FM says biz with less than Rs 5 cr annual turnover to file return quarterly GST

Union Budget 2019: FM says biz with less than Rs 5 cr annual turnover to file return quarterly GST

Nirmala Sitharaman also proposed to move to an electronic invoice system wherein invoice details will be captured in a central system at the time of issuance in Union Budget 2019.

Jul 05, 2019, 16:59 PM IST
Union Budget 2019: Stand-Up India scheme extended till 2025

Union Budget 2019: Stand-Up India scheme extended till 2025

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman said that the Stand Up India Scheme has been extended up to the year 2025, while presenting the Union Budget 2019-20 in the

Jul 05, 2019, 16:53 PM IST
Union Budget 2019: Who said what on Nirmala Sitharaman’s maiden budget

Union Budget 2019: Who said what on Nirmala Sitharaman’s maiden budget

While members of the government and the BJP showered praises on the budget, members of the opposition expectedly criticised Nirmala Sitharaman’s budget speech.

Jul 05, 2019, 16:51 PM IST