Business Blogs News - Page 5
Budget 2020: Policy relaxations and incentives will whip up investors’ appetite, help govt fast-track to clock $5 trillion mark
The next proposal that may top FM’s Budget speech must be the disinvestment in strategic PSUs and outright privatization of loss-making PSUs.
Budget 2020: Appliances, consumer electronics industry seeks GST tax relief, incentives to produce eco-friendly, energy-efficient goods
The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has urged the government to offer incentives for manufacturers
Budget 2020: Earnings, global cues, pre-Budget expectations to drive markets this week, say analysts
Earnings from major companies such as HDFC, US Fed's interest rate decision and hopes of positive measures from the Budget would drive sentiment in the equity markets this week
Various tax exemptions for salaried class has outlived utility; time for Nirmala Sitharaman to enhance them
Currently, the maximum tax rate of 30 percent is triggered at an income exceeding Rs 10 lakh per annum
Budget 2020: Scale of privatisation will demonstrate govt's desire to undertake structural change
On a relative basis, India has underperformed in six of the seven cases 30 days prior to the Budget announcement and in five out of seven cases 30 days post-Budget announcement
Sensex tumbles over 240 points to 41,330.45, Nifty falls 89 points in opening session; Rupee opens sharply lower
The Sensex was trading 240.72 points or 0.58 percent lower at 41,372.47.
Air India sale: Govt to sell 100% stake in national carrier with 17 March deadline for EoI submissions; all eyes on suitors
While many industry veterans are bullish on investor interest for Air India, some of the sector experts said that it may not be easy given the current business environment globally.
Connected cars poised to become common phenomenon in India in near future with adoption of EVs: Study
The consumers' willingness to pay for advanced and connected technologies has improved over the last two years which is evident in the rising sales of cars
Banking sector in India under 'stress', govt not in a position to bail it out, says Abhijit Banerjee
Speaking to the media on the sidelines of the 13th Jaipur Literature Festival, Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy
Book excerpt: Ankur Bisen traces India’s continuing sanitation challenge, linking to its historical and cultural roots in his maiden effort
The book introduces the challenge of sanitation to the young India with an honest confession that the previous generation has goofed it up and that they have an opportunity to start on a clean slate
Allocation for agriculture must signal change in favour of science, tech, private investments
The restrictions on agricultural marketing and the difficulty of doing business have had a chilling effect on corporate investments in agriculture
Budget 2020: Finance minister must co-opt costs of modernising teaching, infra in allocation for education sector
It is imperative that the higher education system is thoroughly revamped so that students receive quality and contemporary education and are ready to join the workforce of the future.
Budget 2020: Liquidity crunch, unsustainable debt levels paralyse real estate sector; industry seeks sops for revival
Given the real estate sector contributes to around 8 percent of the total GDP of the country, it is vital that urgent measures be taken by the government to revive it
Sensex, Nifty in green after weak start in opening trade; HCL Tech, Hero MotoCorp, L&T among major winners
HCL Tech was the major gainer at 1.51 percent followed by Hero MotoCorp, L&T, Axis Bank, ICICI Bank, Titan among others.
Bharti Airtel chief regulatory officer Ravi Gandhi quits after 12 years; may join non-telecom firm
Ravi Gandhi in his around 12-year stint in the firm has represented Bharti Airtel in several important cases which includes interconnection usage charges, various mergers and acquisitions, increasing foreign direct investment limit in the company to 100 percent, etc.
Infosys whistleblower case: SEBI may call for forensic audit on allegations of financial irregularities in IT major
In October last year, Infosys had informed the stock exchanges of having received anonymous whistleblowers' complaints alleging certain unethical practices by the top management.
AGR dues: Airtel, Vodafone Idea default on Rs 88,634 cr payment; DoT orders no coercive action against delay
Following the 24 Supreme Court October order, the DoT had sought Rs 1.47 lakh crore from Bharti Airtel, Vodafone Idea and 13 other telecom companies
Union Budget 2020-21 to be presented on 1 February; stock exchanges to remain open despite being a Saturday
This will be the first full-year budget of the Bharatiya Janata Party led National Democratic Alliance (NDA) government after returning to power in 2019
Budget 2020: If government is serious about growth revival, it shouldn’t be too focused on fiscal deficit target
The economic growth is dragged by a poor show in the manufacturing sector, lower revenue collections hampering the ability of the government to ramp up spending and the absence of consumer demand in Asia’s third-largest economy.
Ahead of Budget 2020, Narendra Modi, Amit Shah meet economists, experts at NITI Aayog; discuss steps to revive growth
The meeting assumes importance as the government is in the process of formulating Budget proposals for 2020-21
Budget 2020: Jewellery sector seeks reduction in gold customs duty to 6%, polished diamonds to 2.5% to revive industry
Saying that liquidity is a major area of concern, All India Gem and Jewellery Domestic Council (GJC) Chairman Anantha Padmanaban said the government should take steps to ensure that banks lend to jewellers.
Budget 2020: Govt to draft first national fisheries policy with Rs 45,000 cr; to focus on aquaculture, mariculture among others
The newly carved out Fisheries Ministry is working on an overarching policy that would cover all aspects of the fishery sector, the sources said.
Budget 2020: Highways sector allocation may increase by around Rs 10,000 cr for next fiscal
India has an ambitious highways building programme and under Bharatmala, the Road Transport and Highways Ministry
Budget 2020: Financial market will look for improved transparency in 1 February announcements, says DBS report
The report noted that fiscal deficit in the first eight months of FY20, stood at 15 percent above target, driven by weak revenues
Demystifying Budget 2020: Finance Ministry to explain economic terms through #ArthShastri social media campaign from 22 January
Through the ''#ArthShastri'' campaign, the ministry would explain several economic terms through interesting animated videos to help common man and students understand budget exercise in a simple way, an official said.
Budget 2020 recommendations from Commerce Ministry: Restrict purchase of alcohol to 1 bottle at duty-free shops
Currently, inbound international passengers are allowed to buy two litres of alcohol and a carton of cigarettes from these shops
Budget 2020: Stainless steel sector seek zero import duty on ferro-nickel, scrap; move aimed at boosing domestic manufacturing
At present, the basic customs duty on ferro-nickel and stainless steel scrap is 2.5 percent.
Budget 2020: Converge multiple corporate tax rates to 15% by April 2023; CII urges govt to make announcement on 1 February
The government last year reduced corporate tax rates to 22 percent, plus surcharge and cess
Budget 2020: Expect Bharatmala, highways programme allocation to rise to Rs 1.01 lakh cr, says ICRA
The road network itself is undergoing significant changes with some of the economic corridors under Bharatmala competing with few existing stretches,
Budget 2020: From simplification of tax-related compliances to easing credit facilities, startups hope for a 'power' package from Nirmala Sitharaman
The government is expected to provide tax incentives to startups in the forthcoming Budget to support the growth of budding entrepreneurs