FE Bureau

RBI reserves: Bimal Jalan panel dashes govt hopes of one-time transfer

In February, RBI decided to offer an interim dividend of Rs 28,000 crore to the Centre

bimal jalan, former rbi governor bimal jalan, rbi News

Demonetisation effect: Parliamentary panel split over impact on black money

The panel, headed by Congress leader Veerappa Moily, cited three estimates pegging black money between $216.5 billion and $ 490 billion over various periods between 1980 and 2010.

black money, demonetisation, noteban News

Hero, Bajaj, TVS say e-mobility transition could undermine Make in India

Say 100% transition uncalled for; caution Make in India could be undermined.

automobile sector, automobile industry News

What led to Viral Acharya’s resignation from RBI?

Speculation around Acharya’s likely resignation began in December 2018

viral acharya, rbi, reserve bank of india News

Parliament session: Bills that are listed for introduction and passage

The ongoing Parliament session (June 17-July 26), the first one for Modi 2.0 govt, will comprise 30 Lok Sabha & 27 Rajya Sabha sittings.

parliament, aadhar, motor vehicle act, consumer protection bill News

Income Tax: Effective tax base grows 13.5% in AY19, highest rate in 5 years

Though direct tax collection missed the RE by `62,000 cr, it grew by 13.5% compared with FY18.

Economy News

Income Tax Dept made seizures of Rs 1,584 crore in FY 2019

A tax official said the FY19 seizure was substantial because of general elections which resulted in higher volume of information received by the department on the use of unaccounted money in the form of cash.

income tax, income tax demonetisation News

Reliance Jio, BSNL only telcos to add subscribers in April

Reliance Jio led additions with 8.08 million subscribers joining its network, followed by BSNL

Industry News

Promotors sell 10% stake in Emami for Rs 1,230 crore

The total promoter stake in Emami Limited, subsequent to the stake sale, stands at a controlling majority of 52.74%.

emami, emami group, fmcg News

Former IL&FS top brass drew hefty pay as firm’s financial health suffered

The company was meant to evaluate the performance of its board of directors, but it failed to do so in any critical manner.

il&fs News

IIFL India PE Fund acquires majority stake in Infigo

Infigo Lifesciences is launching a chain of comprehensive specialty eye care centres, initially in western India.

Industry News

5G rollout: India needs Rs 1 lakh crore only for laying fibre network

For 5G to become reality in India, telecom companies back home may need investments of up to around `1 lakh crore only in laying fibre networks over the next 2-3 years. Higher land cost and right of way approvals make fiberis

telecom sector, telecom industry News

Maruti Suzuki adds one more to top 10 best selling cars

Hyundai’s hatchback i10, which has been in the top 10 list for many years, did not feature in May’s list.

maruti, maruti suzuki News

Tardy monsoon progress delaying kharif crop planting, says SEA chief

SEA president Atul Chaturvedi said that the delayed onset of monsoon, which arrived at the Kerala coast on June 8, and the subsequent tardy progress has resulted in a whopping 42% rainfall deficit across the country till June

kharif crop, agriculture sector News

Kerala rubber growes form producer firm to make tyres

Rubber growers in Kerala have got together to form a producer company ‘Integrated Rubber Farmer Producer Company’ (IRFPC) to manufacture tyres.

rubber, rubber industry, rubber farming News

TEA asks members to transport goods with GPS-fitted vehicles

TEA president Raja M Shanmugham said four of their members exporting goods transported through lorries to the Tuticorin port were stopped at a location called Pandalkudi.

garments, garment sector, garment industry News

What is hurting alkali industry in India

Alkali industry has asked for an increase in customs duties on imports of caustic soda and soda ash from the existing level of 7.5% to 12.5% for both products.

import, export, trade News

TalentSprint takes down paywall

TalentSprint, the edtech player, has said it will make its paid online job preparation programmes free for all job-seekers starting July 1.

Jobs and Education News

Budget 2019: Modi meets top economists to discuss state of economy and way forward

Union Budget 2019 India: The participants shared their views in five distinct groups on the themes of “macro-economy and employment, agriculture and water resources, exports, education, and health”, the Prime Minister’s

Budget 2019 India,Budget 2019-20 News

NTPC, PGCIL ink MoU to enter national distribution business

The main aim of the initiative undertaken by the state-owned behemoths is to enter electricity distribution business on a pan-India basis.

Industry News

Budget 2019: Need for balancing act to revive investment, drive consumption & keep fiscal deficit in control

Union Budget 2019 India: The Budget will have to do a balancing act to revive investment, increase farm productivity, drive consumption and keep the fiscal deficit under control.

Budget 2019: Need for balancing act News

IL&FS scam: IFIN auditors Deloitte, BSR may face asset freeze

In its application, the government has sought the “deemed removal” of the auditors of IL&FS under section 140 (5) of the Companies Act.

Industry News

GST Council: Anti-profiteering watchdog NAA’s term extended by 2 years

The Goods and Services Tax (GST) Council on Friday extended the tenure of the anti-profiteering authority by two years to November 2021, in what went against its past assertions that the body will have only a transient existe

Economy News

HC thrashes gambling charge against online sports game Dream11

The Bombay HC said, “only, if their Online Fantasy Sports Gaming is ‘gambling’ or ‘betting’ (which it is clearly not), there is a scope to infer possibility of any tax evasion.”

India News

Multi-brand retail: Piyush Goyal warns consultants not to mislead investors

Commerce and industry minister Piyush Goyal on Friday warned industry against violating the spirit of the law and asked lawyers and consultants, including of the big four firms, not to mislead investors into circumventing rul

Industry News

Hydel power producer NHPC comes to the aid of stressed thermal gencos

NHPC chairman and managing director Balraj Joshi said the scheme would involve electricity transaction of around 18,620 million units at 85% PLF. This could clock a turnover of around Rs 7,000 crore per annum.

Economy News

NCLT okays common resolution plan for 3 Reliance Group firms

The majority of the committee of creditors across the three companies independently voted to appoint Anish Niranjan Nanavati as RP to replace the existing interim resolution professionals.

Industry News
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