FE Bureau

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No intention of delaying fixing minimum wages and national floor wages: Labour Ministry

Earlier this month, the Centre constituted an expert group under the chairmanship of economist Ajit Mishra to provide technical inputs and recommendations on fixing these wages. The tenure of the group is three years.

No intention of delaying fixing minimum wages and national floor wages: Labour Ministry

Idea Exchange | Joining a party isn’t like joining a bank… Have more respect for guy in BJP for 40 yrs, than a Congressman who joins BJP: Jairam Ramesh

"The Congress is a giant elephant. It is sure-footed. It is massive. It moves slowly. But once it moves, it moves firmly…. (But) It’s not enough to be an elephant. Sometimes we have to have the agility of a fox as well…

Express Adda | Regional parties can’t come together against BJP because states compete with each other: Assam CM Himanta Biswa Sarma

"I’ll say that the Gandhis have outlived their utility. I am sure that at some point in time Sonia Gandhi was needed to unite the party. But today, India has changed. I do not think that the Gandhis can serve the Congress n

Assam Chief Minister Himanta Biswa Sarma

Power, pleasure & shame | Book Excerpt — Pha(bu)llus: A Cultural History by Alka Pande

This excerpt from Pha(bu)llus: A Cultural History traces the cultural relevance of the male appendage and the relationship between exoticism and eroticism with the phallus as a focal point

A phallus surrounded by four Buddhist monks at the Wat of Wae Hon Son (Photo: Pha(bu)llus: A Cultural History)

Arjun Maini: Indian racer to race at Monza

Arjun Maini will make his debut in the German DTM series. He will be driving a Mercedes-AMG GT3 racecar. He is the first Inidan driver to compete in The German racing series

Back to normal: Hyundai to ramp up production to cut down wait list

Hyundai to resume third shift at the plant from Monday

India Yamaha rolls out two novel products: FZ-X and hybrid-powered Fascino 125 Fi

Yamaha has launched two new products comprising what it called its first neo-retro motorcycle, the FZ-X and a new hybrid-powered Fascino 125 Fi with a smart motor generator (SMG) system

Price Pressure: Bonds spike on inflation discomfort

A surge in retail inflation reading this week revives debate among sovereign bond traders on how long the RBI could retain its dovish policy stance.

Eveready posts Rs 442.53-crore net loss in March quarter

The company had posted a consolidated net profit of Rs 63.07 crore in the fourth quarter of FY20.

Market debut: Paytm to raise Rs 12,000 crore via fresh equity

At EGM on July 12 will seek to declassify Sharma as promoter

Paytm aims to go public by November this year and could file the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) as early as next month.

Covid-19: Centre tells states to aggregate vaccine demand from private sector

The Centre will take over the vaccination programme from state governments and plans on buying 75% of the vaccine produced while private hospitals will buy the remaining 25% of the vaccine doses.

The total vaccines administered in the country reached 27.07 crore on June 18 with 22.04 first dose and 5.03 crore second doses administered.

Indian Railways to resume 50 special train services from June 21

A new summer special train is also being started from June 25, from Gorakhpur in Uttar Pradesh to Bandra Terminus in Maharashtra.

Between June 1-18, approval to operate 660 additional mail/ express trains has been given to the zonal railways.

Need assurance that SAIL’s iron ore division won’t be moved out of Kolkata: West Bengal finance minister Amit Mitra

On Friday, Mitra wrote to Pradhan again asking why the Union steel minister chose not to address the “major question of dismantling of the RMD.”

Mitra also said that since the present dispensation came into power in Delhi, there has been “an ominous pattern of removing headquarters of PSUs from Kolkata which has been here for half a century and even a century”.

Srei Equipment Finance gets Rs 2,200-crore investment interest from Singapore’s Makara

SEFL's strategic coordination committee (SCC), chaired by an independent director, will evaluate the Makara Capital's offer and make the recommendation to the board, according to a stock exchange filing.

Third wave of Covid-19 may not hit children as feared: VK Paul, member, health, Niti Aayog

Schools will not be reopened in a hurry. Reopening them would depend on many factors such as vaccination of teachers and support staff, social distancing in schools, and vaccination of children.

Paul expressed concern over crowding in public places and the rush in malls after restrictions were relaxed.

Seed industry cries foul over rising sales of ‘unapproved’ HTBt cotton

In the Rs 20,000-crore seeds industry, vegetable seeds have the highest share of 30%, followed by cotton with about 18%, maize 13% and paddy 10%.

The packs show the presence of many technologies which could create a serious situation in the field, Ramasami said.

Quality issues affect Nafed’s onion procurement in Maharashtra

Of the total procurement target set by the government after easing of the second lockdown, around 50,000 tonne of the commodity has been procured by NAFED, along with supporting farmer producer companies.

onion price

50% of new S Class Mercedes-Benz sold out ahead of launch

Martin Schwenk, MD & CEO, Mercedes-Benz India, said 90 of the 150 CBU S-Class sedans had already been booked. Despite the rise of SUVs in the luxury car market, their Sedan sales had continued to grow and accounted for 56% of

Mercedes Benz S-Class Sedan India Launch, Mercedes-Benz S-Class 2021 Price in India

In EV push post FAME II subsidy revision, TVS Motor launches e-scooter in Chennai

iQube Electric can be booked through the website with a booking amount of Rs 5,000. This will be followed by an end-to-end transparent digital purchase experience and dedicated customer relationship assistance for purchase an

Tube Investments net up 74% to Rs 129 crore in Q4

TII’s revenue for the quarter was at Rs 1,480 crore as against Rs 935 crore in the corresponding quarter of the previous year, registering a growth of 58%, the company said in a statement.

For the year ended March 31, 2021, TII’s revenue stood at Rs 4,256 crore as against Rs 4,276 crore in the previous year, almost recording a flat growth.

Global funds invest in Acme Solar’s 250 MW project in Rajasthan

Though the financial details of the deal were not disclosed, Acme Solar said in a statement “the total value of the project is the equivalent of just under $200 million, of which about a quarter are financed through equity

Awaiting RBI directions on lifting curbs: HDFC Bank

The bank continued to face glitches even after RBI was conducting audit of the bank’s IT infrastructure. Earlier this week, the customers of the bank faced issues with mobile banking app on Tuesday. However, the bank was a

Explaining the new initiatives, he said the digital factory would be focused on rolling out digital products, and the enterprise factory would focus on renewing the bank’s IT infrastructure.

Govt has room for fiscal stimulus, says CII president Narendran

CII further urged for expansion in the Reserve Bank of India (RBI) balance sheet to meet the demand exigencies of the pandemic.

Demand can also be revitalised through a time bound tax concession of interest rate subvention for home buyers, a LTC cash voucher scheme as done last year and extending the Atmanirbhar Bharat Rozgar Yojana till 31 March 2022, he said.

No plan to undermine Bengal SAIL units: Union steel minister Dharmendra Pradhan

In his letter to Pradhan, Mitra had written, “I am deeply apprehensive that these two massive plants in Bengal would either be asset stripped or be sold off in the name of disinvestment, having crippled them through the cur

Terming the difficulties mentioned by Mitra in his June 15 letter as “perceived”, Pradhan said, “DSP and ISP are two of the prestigious plants on which SAIL has made large investments.”

HDFC Bank to refund GPS device commission to auto loan customers

“The notice is hereby given that HDFC Bank Limited (Bank) will be refunding the GPS device commission to auto loan customers who availed of such device as a part of the auto loan funding during the period FY 2013-14 to FY 2

The irregularities in the auto loan portfolio pertains to the charges that some executives of the bank had forced borrowers to buy GPS devices bundled with auto loans.

Coal India to start producing CBM from Jharkhand block

Central Mine Planning and Design Institute, CIL’s consultancy arm, has been involved as the principal implementing agency for the CBM development in its leasehold areas. Around 80% of the CBM bearing areas come under the co

CIL did not disclose the name of the developer citing non-disclosure norms, though it said an Indian developer has been awarded the work.

GeM portal facilitates public purchases of Rs 1.1 lakh crore

The Government e-Market (GeM) portal is designed to facilitate online purchases of goods and services by ministries/departments and entities belonging to the central and state governments to better ensure transparency in publ

Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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