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Fighting cartels: e-NAM to help ease farm yield transport

“Currently there are cartels operating in the sphere of transportation of commodities from mandis after farmers sell their crops,” an official said.

e-NAM, farm yield transport, agricultural produce, organised mandis, mandi platforms, Narendra Modi, agricultural products, road transport ministry  News

Been told I am the worst FM, open to criticism, says Nirmala Sitharaman

On the demand for reduction in personal income tax, she said if at all it would be considered it would be on its intrinsic merit, rather than in relation to the reduced corporate tax cut.

Nirmala Sitharaman, Finance minister, Narendra Modi government, corporate tax cut, NDA government, corporate tax cut, fiscal deficit, personal income tax News

Slow credit growth due to unutilised sanctioned working-capital limits: SBI chairman

Credit growth is slow primarily because sanctioned working-capital limits are lying unutilised.

Corporate loan growth, State Bank of India, Rajnish Kumar, NCLT, RBI, DHFL, retail creditors News

Budget 2020 to bring bonanza for common man? Major rejig in personal income tax slabs likely

Budget 2020: The Budget in July raised the surcharge on taxable income between Rs 2-5 crore to 25% from 15% earlier. For taxable income above Rs 5 crore, the surcharge was enhanced to 37% from 15% ear

Budget 2020 News

No blanket action: Audit company may not face ban for a few partners’ fault

Such a legal dispensation acts as a roadblock in the formation of large firms of professionals which is the need of the hour to become internationally competitive.

Industry News

Debt ETFs soon, may attract retail investors

Currently, 99% of the quasi-sovereign CPSE bonds are privately placed with a limited pool of institutional investors, denying investment opportunities to retail buyers.

Markets News

Diwali in October boost Nov GST mop-up, up 6%

There was only one more occasion since GST’s April 2017 launch the collection for any month declined from the year-ago month — in August 2018.

Economy News

Stress response: Airtel, Vodafone Idea, Jio raise prepaid tariffs by up to 50%

Daily data limits, OTT packs for Bharti & Voda Idea unchanged, hikes effective Dec 3; Jio tariffs up 40% from Dec 6.

Industry News

Airtel, Vodafone Idea, Jio asked to improve service quality as call drops complaints rise

Apart from Reliance Jio, which only provides 4G services, and offers voice over LTE (VoLTE), incumbent telcos like Airtel and Vodafone Idea still have a vast proportion of 2G users who only use voice.

Industry News

Retail wars: For offline players, discounts only answer to e-commerce

As per data from RedSeer Consulting, online players saw the biggest ever sale of Rs 31,000 crore during this festive season, within which the fashion category grew as much as 50% y-o-y.

Industry News

Will India’s OTT viewers bite the Apple?

Dinkar Ayilavarapu, partner, Bain & Company, believes with Indians not really short of options on video OTT, “any other late entrant would probably struggle”.

Industry News

Want to travel during Christmas and New Year? Here’s good news for you

Sabina Chopra, co-founder and COO, corporate travel & head industry relations, Yatra.com, expects airfares to rise sharply for destinations such as Jaipur, Kerala and Coorg during Christmas and New Ye

Lifestyle News

Zurich Airport outbids DIAL and Adani to develop India’s largest airport at Jewar

The airport will come up in 5,000 hectare area when fully constructed and is estimated to cost Rs 29,560 crore.

zurich airport, jewar airport News

Bharti Airtel looks to raise $4 billion to pay AGR dues, board to meet on December 4

Company board to meet on December 4 to explore measures to raise funds.

airtel, bharti airtel News

Bottomless pit? GDP growth in Q2 slows to 4.5%, lowest in 26 quarters

Manufacturing, investment worst hit; nominal GDP growth at 67-quarter low of 6.1%.

gdp, india economy News

RBI refers stressed DHFL to NCLT for insolvency proceedings

There are two separate cases in the Bombay High Court, and an ongoing hearing at Debt Recovery Tribunal (DRT), Pune, against DHFL.

RBI, cooperative banks, CRILC, urbank coop banks, UCB, cooperative banks assets News

Supplementary demand: Capital infusion into insurers, IDBI Bank part of extra Rs 21,246 crore spend

The department of financial services will get an additional Rs 4,557 crore for infusion into IDBI Bank through recap bonds.

Capital infusion, IDBI Bank, LIC, 14th Finance Commission Award, Jammu & Kashmir, financial services, corporate tax rates News

HDFC Bank sets up committee to find Aditya Puri’s successor

“Mr Puri highlighted that there is substantial depth in the management, at least in three levels,” analysts from investment bank Nomura had written at the time.

HDFC Bank, Aditya Puri, Aditya Puri successor, HDFC Bank AGM meeting, Nomura, CAGR News

Bad breadth: Nifty at new high but broader market weak

Since July 5, Nifty has risen 2,514 pts; of this, 10 stocks have gained 2,623 pts

Nifty, Reliance Industries, Bharti Airtel, Vodafone-Idea, Avendus Capital, Nomura, Sensex, FPI News

AGR dues: GAIL, PowerGrid say they owe nothing

If govt accepts their explanation, the same would apply to even telcos

GAIL, PowerGrid, ISP, GAIL AGR, DoT, telecom licence, PSU, ISP licence, telecom sector News

Relief to firms! SC strikes down ‘automatic stay’ for arbitral awards

Ruling to enable many companies to lay hands on locked-up funds, ward off bankruptcy threat

insurance claim calculation News

Finance panel tenure extended; award period now till FY26

“The term extension will enable the Commission to examine various comparable estimates for financial projections in view of reforms and the new realities to finalise its recommendations for 2020-202

Finance panel, Finance panel tenure, 15th Finance Commission, GST collections, corporate tax rate, GST revenue News

Growth may have slowed, but recession loose talk: FM Sitharaman on economic situation

Promises more sector-specific steps if needed, says measures already taken bearing fruit

Nirmala Sitharaman, economic growth, Rajya Sabha, GDP growth, NBFC, GST, GST collections, Direct tax News

Slowdown fears: PM Modi to hold crucial meeting over weekend

Finance secretary Rajiv Kumar is expected to give a presentation on behalf of the sectoral group on finance and corporate affairs.

economic slowdown, economic growth, Narendra Modi, Amit Shah, Piyush Goyal, Rajiv Kumar, Moodys, Nirmala Sitharaman News

Maharashtra Endgame: Uddhav Thackeray takes charge today; Cong, NCP may get 1 dy CM post each

In the House of 288 members, the BJP has 105, Shiv Sena (56), NCP (54), Congress (44). The remaining 29 represent smaller parties and Independents.

Uddhav Thackeray, Congress, NCP, Shivaji Park, Shiv Sena chief, BJP, mahrashtra government, Mulayam Singh Yadav, Balasaheb Thackeray News

2 directors at Zee resign alleging RPT norms violations

For instance, a case has been cited of a subsidiary firm of Zee guaranteeing repayment of a bank loan to a related party.

 Subhash Chandra, Zee Entertainment, RPT norms violation, Subodh Kumar,  Neharika Vohra, Dish TV, Zee Entertainment Enterprises News

AGR dues: The curious case of ‘missing’ firms, files

Officials said as per the apex court order, AGR dues on licence fee and spectrum usage charge need to be paid up by any firm which had any form of telecom licence at any point of time.

Telecom operators, non-telecom PSU, AGR dues, internet service providers, department of telecommunications, Supreme Court News
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