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Key tax refund scheme for garment exporters extended
With this, the government also junked an earlier plan to replace the RoSCTL with the Remission of Duties and Taxes on Exported Products (RoDTEP), which is expected to be operationalised soon.
Economy first: Current focus on growth for sure, says Finance minister Nirmala Sitharaman
'Privatisation plans to go unhindered; not yet time to pull back liquidity'
FTA negotiations expedited, some give-and-take inevitable: Piyush Goyal
While the government will try its best to ensure that the pacts don’t injure domestic industry, some amount of give-and-take in trade negotiations is always inevitable, he said, exhorting local play
PM Modi calls on India Inc to unleash animal spirits and boost investments
The Prime Minister pledged to do more to ensure greater ease of doing business in India but wanted the private sector to pitch in as well.
ReNew to acquire two projects worth Rs 2,850 crore: To buy solar assets in Telangana & hydropower project in Uttarakhand
ReNew Power has an aggregate renewable energy capacity of more than 10 GW, out of which around 5.6 GW are currently operational. By FY25, the company intends to own 18 GW of renewable energy assets.
Govt to notify RoDTEP rates by Friday: Commerce secretary BVR Subrahmanyam
The secretary also exhorted India Inc not to sit on excess cash reserves but to raise investments to be able to take advantage of strong growth in India’s key export markets.
High stress: PSBs set aside over 60% of operating profit as provisions
Bankers say the first quarter saw stress mounting in the retail and small business segments as a result of the second Covid wave.
Earning pains: Fewer people reported income over Rs 100 cr in AY21
Their number had jumped 83%, year on year, in the assessment year 2019-20. Of course, the number of people with cumulative wealth of over Rs 100 crore would be much larger in the country.
Amazon, Cloudtail to end partnership
A joint statement by the two companies came hours after the Supreme Court said that e-commerce majors Amazon and Flipkart should volunteer for antitrust investigation into their business practices.
upGrad raises $185 million in fresh funding
The six-year-old company founded by Ronnie Screwvala, Mayank Kumar and Phalgun Kompalli launched the maiden external funding series in April with a $120-million investment from Temasek. It garnered an
SC dismisses Amazon, Flipkart pleas against CCI probe
Both the companies have been given four weeks' time to submit themselves to probe
320 Covid-19 ads made wrong claims in 2020-21: Regulator
Every year, the healthcare sector generates hundreds of ads that do not stand up to the scrutiny of India’s advertising regulatory body
Beauty and personal care segment growth: On a strong foundation to go out and paint the town red
“Beauty products have very attractive gross margins. Companies need not raise funds every six months,” says Kaushik Mukherjee, co-founder & COO at SUGAR Cosmetics. What’s more discounts are smal
States step up capital expenditure as tax revenues rise
Borrowings by these states declined 16% to Rs 1.1 lakh crore in the April-June, 2021 period, compared to 145% rise witnessed in the year-ago period.
PMO asks Dept of Telecommunications to make a plan for telecom revival
Officials said that DoT is working on a package, which includes reducing the revenue share licence fee to 6% of adjusted gross revenue (AGR) of the operators from the current 8%. This would be done by
Quiet decontrol of LPG: 2021-22 to bring the curtain down on budgetary fuel subsidy
Prices of LPG in the country are based on international benchmark prices, which had risen from $359/tonne in October, 2020 to $607/tonne in April, 2021. India imports more than 55% of its LPG requirem
Changing Realty: Home buyers now look beyond metros
The current expansion pipeline clearly indicates that strong, listed developers will continue to dominate the new residential supply and accelerate their market share gain, Anarock pointed out.
Covid-19 vaccine: Johnson & Johnson gets emergency use nod for single-dose vaccine
This is the fifth Covid-19 vaccine to be given emergency use approval in India and would further boost the nation's collective fight against Covid-19, the minister said.
PM-Kisan: 9.75 crore farmers to get over Rs 19,500 crore under income support scheme
Under the scheme, each land-owning farmer is entitled to get Rs 6,000 every year in three equal instalments of Rs 2,000 each as direct income support.
Growth revival: Hiring gains momentum, outpaces pre-Covid levels in July
Kamal Karanth, co-founder, Xpheno, said the closing figures for July matched those for March 2021 and were the highest count over the 12 month period. However, the growth in July is more broad-based v
Round One: Win for Amazon as Supreme Court stalls Future-Reliance Retail deal
The SC said the EA order is an order within Section 17(1) and can be enforced under Section 17(2) of the Arbitration and Conciliation Act. It further held that such award cannot be appealed under Sect
Rates Unchanged: RBI ignores inflation, says it will support nascent growth
To this end, RBI left the repo rate unchanged at 4% even though it upped its inflation forecast for FY22 by a chunky 60 basis points to 5.7%, describing inflationary pressures as transitory and largel
Covid impact: Banks see slippages rise in cash collection-driven segments
Chairman Dinesh Khara attributed the high NPA ratio in gold loans to the inability of collection staff to reach borrowers amid mobility restrictions.
Govt does sudden U-turn, buries retrospective tax: Rs 1.1-lakh-crore tax demands nullified; Rs 8,100 crore to be refunded
Revenue secretary Tarun Bajaj said: “Companies (affected by retrospective tax law) should also be reaching out to us, and try to work out solutions.”
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