FE Bureau

e-NAM for farmers: Modi government’s flagship programme starts inter-state trade

Farmers of UP allowed to sell their vegetables to traders outside the state

Economy News

Solar projects: Power ministry government tightens timelines

Government has lowered the time periods available to developers for submitting bids, making financial arrangements and setting up solar projects.

Industry News

FE Best Banks Awards: Celebrating the very best of banking

Narayanan Vaghul, former ICICI Bank chairman, will present India’s most prestigious financial sector awards — FE Best Banks awards — in the country’s financial capital on Thursday.

FE Best Banks Awards,  ICICI Bank, Arundhati Bhattacharya, NBFC, Tata Consultancy Services, IndusInd Bank News

Uday scheme: Modi government may miss target due to states’ non-compliance

Dues from state govt departments have jumped by 22% to Rs 35,603 cr in FY18, hurting discoms’ cash flows

Uday Scheme, UDAY target, UDAY scheme discoms, electricity consumers, Indian Energy Exchange News

GST Council meet: Small businesses likely to get tax relief

In its 32nd meeting on Thursday, the Goods and Services Tax (GST) Council will likely consider several proposals aimed at providing relief to smaller taxpayers — a segment that is believed to be struggling after losing exem

GST, GST 32nd meeting, GST  Council, GoM, GST revenue, gst network News

Clamping down: Indirect tax evasion of Rs 48,500 crore detected in April-December

The government detected indirect tax evasion of over Rs 48,500 crore in April-December this fiscal, up 50% from such detection in the whole of FY 2017-18.

Indirect tax evasion, Goods and Services Tax, GST return-filing system, GSTR-3B, GSTR-1  News

Air India flying high: Passenger revenues up 17% at Rs 15,081 crore in April-December

The airline got Rs 15,081 crore from ticket sales as compared to Rs 12,918 crore in the year-ago period

Air India, Air India revenue, Pradeep Singh Kharola, aviation turbine fuel, Air India Bengaluru to Bangkok News

Shell completes acquisition of Total’s 26% stake in Hazira LNG

Shell Gas, a subsidiary of Royal Dutch Shell, on Wednesday announced completion of its acquisition of 26% equity interest in the Hazira LNG and Port Venture in India from Total Gaz Electricite France, a unit of Total. With th

Shell Gas, Royal Dutch Shell, Hazira LNG, LNG transported News

IL&FS says received strong response for road projects

IL&FS Group, on Wednesday, said, it has received a strong response with more than 30 expressions of interest for its domestic roads business housed under its subsidiary, IL&FS Transportation Networks Limited (ITNL).

IL&FS, ITNL, ITNL road projects News

Fall in CV volumes in November, December is temporary: Vinod Dasari, MD, Ashok Leyland

Putting forward an optimistic picture of the commercial vehicle industry, Vinod Dasari, managing director at Ashok Leyland, believes that the fall in the volumes of commercial vehicles in November and December is a temporary

Ashok Leyland, Vinod Dasari, CV industry, Shriram Transport, Euro VI News

Ashok Leyland bags orders for 2,580 buses from STUs

Ashok Leyland on Wednesday confirmed that it has bagged orders from IRT (Institute of Road Transport) Chennai, UPSRTC (Uttar Pradesh State Roadways Transport Corporation) and CTU (Chandigarh Transport Undertaking) for manufac

Ashok Leyland, IRT, CTU, Vinod K Dasari News

West Bengal’s shale gas reserve may attract Rs 60,000 crore investments

Great Eastern Energy Corporation (GEECL) and Essar Oil are upbeat about shale gas reserves in the CBM blocks of West Bengal, as Gail looks for more buyers as it is poised to start business with city gas distribution.

West Bengal,West Bengal shale gas reserves, GEECL, Essar Oil News

NCLT to hear Amtek Auto lenders’ plea from January 23

The Chandigarh bench of the National Company Law Tribunal (NCLT) will hear the appeal of the lenders of Amtek Auto seeking action against the UK-based Liberty House Group (LHG) on day-to-day basis from January 23.

NCLT, Amtek Auto, Liberty House Group, Committee of Creditors News

Andhra govt, Adani Group sign MoU for data centre parks

In a bid to boost technology infrastructure and spread the concept of green data centres, the Andhra Pradesh government (GoAP) signed an MoU with the Adani Group to build Data Centre Parks up to 5 GW capacities in and around

Andhra govt, Adani Group, data centre parks, AP government IT policy News

Q3 Performance: IndusInd Bank net rises 5% on IL&FS exposure

Private sector lender IndusInd Bank on Wednesday posted a 5.2% increase in net profit to Rs 985.03 crore for the third quarter ended December 31, 2018.

IndusInd Bank, IndusInd Bank Q3 Performance, IL&FS exposure News

We expect no loss on the SPVs of IL&FS: Romesh Sobti, MD and CEO, IndusInd Bank

In an interaction with reporters after the announcement of the bank’s Q3 results, managing director and CEO Romesh Sobti said the classification of IL&FS as a standard or non-standard asset doesn’t matter as the bank has

IL&FS, SPVs of IL&FS, IndusInd Bank, PCR regime, IL&FS crisis News

Ratios of stressed advances, GNPA converging, says RBI

The ratios of stressed advances as a share of all loans and gross non-performing assets (GNPAs) in the system are converging as a result of the February 12 circular, says the Reserve Bank of India’s (RBI) December 2018 Fina

RBI, GNPA, FSR, GNPA ratio, Stressed advances News

PNB Metlife, ESAF tie up for life insurance distribution

The alliance will enable PNB MetLife to reach both existing and new ESAF SFB customers with insurance products, while ESAF SFB will be able to provide its customers an access to a wide array of life insurance products and ser

PNB Metlife, ESAF, life insurance distribution, life insurance products News

Glad tidings: Corporate bond issuances at eight-month high in December

Banks were reported as the biggest borrowers, as they raised more than Rs 24,000 crore in the month

Corporate bond issuances, NSDL, RBI, Urjit Patel, Rural Electrification Corporation, NABARD News

Caught in red tape: Export of soyabean meal to China unlikely this fiscal

The export of rapeseed meal and soyabean meal to China is unlikely to resume during the current financial year as the procedure for registration with the Ministry of Agriculture (MoA), China, is too cumbersome, lengthy and ti

Export of soyabean meal, rapeseed meal, soyabean meal, South Korea, china, Ministry of Agriculture  News

Higher realisation from auctions gives relief to tea planters hit by wage rates

Higher realisation from auctions is seen providing some relief to tea plantations in India hit by the rise in wage rates, said a report by Icra. India is the second largest producer of tea in the world and makes up 23-26% of

wage rates, Icra, tea plantations in India, Tea Board of India, tea export News

M&M arm sets up grape pack house unit at Nashik

The grape packhouse facility is expected to maintain the freshness of grapes, through a cold chain from its arrival

M&M, Mahindra Group, MASL, British Retail Consortium, exporters of grapes News

Digital economy: Tech essential to bridge India’s skill gap

New approaches to learning can help protect $1.97 trillion of economic growth at risk due to outdated skills, Accenture report finds

Digital economy, GDP growth, skill revolution, IT skills, Accenture, Digital platforms, artificial intelligence News

Supreme Court permits Vedanta to reopen Tamil Nadu plant

Clearing the way for Vedanta Resources to reopen its Sterlite copper smelter in Tamil Nadu, the Supreme Court on Tuesday refused to stay a National Green Tribunal (NGT) order allowing resumption of the plant.

Industry News

Off-Budget capex, revenue expenses understate fiscal indicators: CAG

Expressing concern over the Centre’s increasing reliance on off-Budget financing, the Comptroller and Auditor General of India (CAG) on Tuesday said off-budget capex and revenue expenditures understate fiscal indicators.

Economy News

Electricity generation rises 6.7 pc in April-December

Power plants across the country generated 1,047.3 billion units (BU) of electricity in April-December, 2018, registering a 6.7% year-on-year (y-o-y) growth.

Economy News

No plan to waive farm loans, says Finance Ministry

The government on Tuesday ruled out a farm loan waiver, even as various states have announced such plans in the build-up to the general election this year.

Economy News
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