Economy

Maize prices up despite easing of imports

Market watchers said non-GM maize is not available from most producing countries, except Ukraine.

crop, maize News

Jewar airport news: Four companies submit bids to develop and operate Rs 16,000-crore Jewar airport project

According to the Noida International Airport (NIAL) officials, around 20 national and international firms had participated in the pre-bid conference and sent queries related to the project.

The Jewar project will be the second airport in the National Capital Region. News

NPCIL admits malware attack on computer in Kudankulam nuclear power plant

NPCIL said the malware was noticed on September 4 and investigations by the Department of Atomic Energy revealed that the infected computer was connected to the administrative network.

Two more units of 1,000 MW each are currently under construction at the Kudamkulam plant. News

Piyush Goyal says will protect domestic interest but fear psychosis over FTAs must go

The minister, however, asserted that the government would safeguard the interest of domestic industry and enter into an FTA or comprehensive partnership agreements on its own terms.

“In terms of the RCEP, lot of wrong information has been spread all over. Let me assure each one of you that India will no more sign any FTA in a rush,” Goyal said. News

Tamil Nadu enacts contract law to benefit small farmers

The seperate law will not only encourage small farmers to join hands together but also protect the farming community, particularly marginal farmers, from any untoward challenges as well ensure fair pr

Economy News

PFC may be asked to lend afresh to stressed discoms

State-run electricity distribution companies reported a near doubling of their financial losses in FY19 to Rs 28,369 crore in a dramatic reversal of the trend of decline in losses in FY17 and FY18 on

Sources said as part of extending ‘special funds’, PFC may give fresh loans to the Tamil Nadu Generation and Distribution Company (TANGEDCO) to help the discom pay off part of its dues. TANGEDCO’s dues to gencos stand at Rs 9,800 crore News

PFC asks discoms to use PSBs, RRBs for central govt schemes

The two major central government schemes in the power sector are the Integrated Power Development Scheme (IPDS) and the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY).

PFC has asked state-run discoms to maintain dedicated bank accounts only in public sector banks and regional rural banks for receiving and utilising funds for central schemes News

Govt gives window for inactive firms to update KYC details

The move is aimed at breaking a deadlock as companies which haven't furnished prescribed information of their directors and other KYC details have virtually been barred from updating their registratio

The form records address of the registered office along with a photo, latitude and longitude of the place where the office is located, and enables geo-tagging. News

Companies set up plants to tap $1-billion business in recycling Li-ion batteries

JMK Research, a Delhi-based power consultancy and advisory firm, estimates the recycling market in India to pick up from 2022 when lithium-ion batteries, presently in use, would reach their end of lif

The cumulative recycling battery market in India is estimated to increase from 0.4 GWh in 2020 to more than 80 GWh by 2030. News

September quarter results: NPAs and provisions spike for private banks in Q2

The aggregate GNPAs for the quarter ended September 2019 for these 11 banks stood at Rs 65,244 crore, higher by nearly Rs 2,000 crore sequentially, reveals data from Capitaline.

This even as banks performed well operationally for the quarter, with pre-provisioning profit growth averaging at 15% News

Online food & grocery retail may touch $10.5 billion by 2023

The online food and grocery retail, which stood at approximately $1 billion in 2018, has been witnessing its accelaration phase since then. The initial growth phase from 2014 to 2018 has seen the ver

India’s online grocery space has gone through a significant evolution in last few years News

Captive coal production rises 26% in Apr-Sept

Local agitations, lack of adequate transportation infrastructure and contractual conflicts with mining contractors have also restricted output in a lot of operational mines.

Economy News

Fake food items on govt radar: Carry out raids, Health Ministry tells officials  

The government has advised to carry out successful raids with a wide media publicity and to promote consumer awareness to insist on bills while purchasing food products.

fake, fake food, counterfeit food, duplicate food, govt asks to carry out raid on shops, milk and its products, poison News

Ease of doing business: India eyes record ranking on ‘good reforms’

Last year, India witnessed a 23-notch jump to a record 77th position in ease of doing business index that captured the performance of 190 countries.

Economy News

Tax searches on Delhi-based Alankrit group for tax evasion and money laundering

The group has taken recourse to use of shell companies based in Delhi/Kolkata to route unaccounted money,” the department said in a statement.

Economy News

Centre appoints Tuhin Kanta Pandey as DIPAM secretary

Among the 10 secretary-level appointments, S N Sahai, the current special secretary in the power ministry, would replace power secretary Subhash Chandra Garg upon his retirement on October 31.

Economy News

IUC: It’s an all-out war between Reliance Jio and rest of telecom operators

Jio, on the other hand, alleged that the move to review the IUC by Trai is not only arbitrary, unwarranted and anti-poor but will also adversely affect investor’s confidence and sabotage the Prime M

Reliance Jio, telecom operator, BAK, industry news, 4G, Bharti Airtel, Vodafone Idea, BSNL, MTNL, IUC, Trai, VoLTE,  Digital India News

Centre seeks more time from SC to finalise rules to regulate fake news, hate speech on social media

Elaborating on the process that would be taken for finalisation of the guidelines, he said that the guidelines have to be vetted by IT minister Ravi Shankar Prasad, following which it has to be vetted

hate speech, social media,  fake news, Centre, SC, regulate fake news, supreme court, curb fake news

Medical tourism brings more cash to exchequer, arrivals more than double in three years

There have been various accusations that medical tourists may be accumulating medical resources and taking healthcare services and personnel away from the local population but this does not seem to be

medical tourism, medical tourists in india, max hospital, free treatment, indian diaspora, doctors, hospitals, medical industry News

FIR against J&K Bank ex-chief, 23 others for Rs 1,100-crore fraud

According to an ACB release, officers of the bank’s Mahim branch in Mumbai and a branch in New Delhi allegedly sanctioned loans worth Rs 800 crore in favour of REI Agro based on “fake documents an

 J&K Bank, ex chief, J&K Bank fraud, Kashmir Valley, Jammu, Kashmir, Non Performing Assets, NPA, industry news, banking news, FIR, News

Govt to launch start-up portal, updated BHIM app and software product registry

An official in Meity said the government is organising a start-up summit and various industry leaders in the IT and start-up space like Deepender Goyal, founder of Zomato; Vijay Shekhar Sharma, Paytm

Govt, start up portal, BHIM app, software product registry, electronics, IT, Meity,  software product, economy news

Reliance Jio allege Trai move to review IUC sabotages Digital India vision

Jio said Trai’s paper aids and abets sabotage of Digital India mission because it protects and perpetuates the vested interests of certain incumbent telecom operators who do want their large body of

New Jio plan, Reliance jio, jio plans, technology news, Bharti Airtel,  voice and data bundled plan, RJio  News

G20 FMs meet: Sitharaman calls for structural reforms to deal with global slump

Apart from the tax cut, the Modi government has undertaken structural reforms like the goods and services tax (GST) and the Insolvency and Bankruptcy Code (IBC), which it wants to tweak further for me

Economy News

Myths linked to nuclear energy should be busted: MoS Jitendra Singh

“I have been trying to sensitise states about nuclear energy, making them aware of its diverse benefits,” Singh said at the India Energy Forum 11th Nuclear Energy Conclave held here.

Myth, nuclear energy, MoS, Jitendra Singh, industry news, electricity generation, electricity  News

Air Traffic growth in September disappointing: DGCA Chief

Kumar said even though the September growth is disappointing, the domestic aviation industry had largely weathered the impact of the grounding of the beleaguered Jet Airways.

Air Traffic, Air Traffic growth, DGCA Chief, Civil Aviation, industry news, Jet Airways, SpiceJet, IndiGo  News

Ring duration: Trai views within 2 weeks as Airtel, Jio, Vodafone Idea and BSNL fail to reach consensus

Jio reiterated that the issue of ringing duration should be kept in forbearance and not regulated, which made Trai chairman RS Sharma to clarify that the authority was forced to intervene as operators

Ring duration, Trai, Airtel, Jio, Vodafone Idea, BSNL, consensus,  Telecom Regulatory Authority of India, DoT, department of telecommunications, MTNL, industry news

DMF funds for mineral-rich states grossly underutilised

Of the DMF collections, states have approved Rs 22,999 crore towards various projects, categorised as 'priority areas' like drinking water supply, education and healthcare and 'other priority areas' l

Form 16A, Form 26AS, annual scholarship, TDS, income tax, TDS, IT department, tax rebate, Scholarship, purchase property, ITR, e filing, tax  News
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