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Reliance Jio spared Rs 13,000 crore payout, Airtel Rs 2,000 crore

The AGR dues of RCom stand at Rs 25,199.27 crore while that of Aircel is Rs 12,389 crore and Videocon’s Rs 1,376 crore.

Only if the entire spectrum has been bought through trade, and in such cases if any past dues come to light at a later stage, does the government have the right to recover dues from either party or both.

Loan moratorium: Govt repeats its opposition to interest relief on EMIs

Mehta suggested that a meeting of representatives of the Central government with RBI and other banks will be held soon to come up with a proper solution.

Citing an example of recent cyber attack on New Zealand's stock market, he said, cyber security should get continuous attention from all stakeholders.

SC ruling: Adani Power can recover Rs 5,000 cr from Rajasthan SEB

After the RERC and Aptel rulings in May 2018 and September 2019, respectively, the power distribution companies (discoms) of Rajasthan have already paid more than Rs 2,400 crore provisionally to the c

“Thus, we are of the opinion that until and unless there is a finding recorded by the competent court as to invoicing, the submission cannot be accepted,” the apex court noted.

Cash usage back to levels seen before lockdown: Razorpay survey

While Fino said bill payments through both the self and assisted channels are up by about 5% from the pre-Covid levels, Razorpay said it has observed the growth in online bill payments to be 180-190%.

In rural markets, cash usage has increased as a result of higher withdrawals of money transferred by the government.

DoT moves NCLAT against Aircel resolution plan

DoT contention is that spectrum does not belong to the company but has been leased to it by the government and in the sale of spectrum through insolvency its AGR dues would not get settled.

DoT has also opposed the resolution plan of RCom in NCLT on the same ground.

Moratorium seekers: Most firms stressed, pre-Covid

Even as the moratorium ended on Monday, the demand outlook for most sectors remains muted, CRISIL said, adding firms in the low resilience sector would continue to be stressed over the next 2-3 quarte

After 3 months of surge, employment under MGNREGS slows; 60% less jobs in August versus July

The government allocated Rs 61,500 crore for this scheme in the budget for 2020-21, and it later increased the allocation by Rs 40,000 crore amid the pandemic to support the rural economy.

Delhi government to launch job portal, employers and job seekers both can register themselves, aam aadmi party

Mumbai Airport: Adani is top airport firm with GVK buy

There could be some legal hitches in the completion of the deal as a consortium of foreign investors which had earlier signed a binding agreement with GVK Group for buying the asset, has legally chall

COVID-19 impact: GDP shrinks by quarter in Q1, yet govt slows spend

Nominal GDP shrank by a record 22.6%, year on year, in the June quarter, which will weigh on the centre’s fiscal deficit ratio.

manufacturing, PMI, factory output, factory, new orders,

Sugar mills: UP can’t pay farmers, Maharashtra mills can’t pay workers

As per the latest report of the Maharashtra Sugar Commissionerate, as on August 15, mills in the state have paid farmers Rs 13,870 crore in cane payments, which was 99.41% of the total amount computed

Brand launches to spur ads in festive season

With companies readying a slew of product launches, media buyers expect them to spend liberally on pushing their products

As per a Madison Media study, the total ad spend in 2020-2021 is pegged at `55,000-58,000 crore

Margin obligation: Market participants ask Sebi for more time

So far, the markets regulator did not have any margin requirement for cash market transactions but now clients will have to cough up 20% for such trades. This will be applicable to buying and selling

Contempt case: Supreme Court lets off Prashant Bhushan with just Re 1 fine

The SC also referred to the unprecedented press conference by its four rebel judges on January 12, 2018, which Bhushan had cited to argue that even judges had gone public with their criticism of the c

M&E could generate 8 million jobs by 2025

EY expects the M&E industry to make revenues of Rs 2.42 lakh crore by 2022, suggesting there's scope for much more work

Experts estimate India is churning out 1.5 lakh hours per year of television content every year.

Finance minister Nirmala Sitharaman to review stress in bank loans on September 3

Of course, a clearer picture will emerge after the Kamath panel prescribes the contours of the recast scheme, Rao added. The current repayment moratorium will expire on Monday after six months.

nirmala sitharaman, finance minister, FM Sitharaman, banks, loans,

Looking for a job amid pandemic? Here’s good news as job openings jump, work from home becomes new trend

Professionals in spaces like cybersecurity will command increments in the range of 12-18%, those employed in automation roles will see hikes in the range of 12-15%, while medical scientists and microb

Covid-19 cases in Delhi, Mumbai more critical; Number of patients in ICU higher than rest of India

Coronavirus cases in Delhi, Mumbai: This may also be the reason that Delhi, Mumbai and Pune have higher death rates than the national average. On August 30, India had a case fatality rate of 1.8%.

Why Govt must spend to drive up demand

The pandemic is likely to have hurt the informal sector more acutely as it comprises smaller firms with limited economic buffers to withstand shocks. If small entrepreneurs are to risk their personal

Five years on, National Investment and Infrastructure Fund (NIIF) yet to hit target

The NIIF was set up in December 2015 as a Category-II Alternate Investment Fund. NIIF chief executive Sujoy Bose, however, was appointed in only June 2016 and the senior management of the fund was als

Covid-19 spread in India: A million cases in just 15 days! Cases surge in tier-2 cities

For the month of July, these eight cities added 2.9 lakh covid infections while the other 170 urban districts — India has 178 urban districts — added 3.5 lakh. In the month of August, these eight

Done deal: Burdened with debt, Kishore Biyani sells Big Bazaar to Reliance

Reliance Retail, which has a store count of 11,806 outlets across 7,000 towns in the country, had earlier said that store expansion remains a 'thrust' for the business.

Besides strengthening the company’s footprint, the transaction is also expected to significantly add to JioMart’s offerings that plans to expand beyond grocery.

GST shortfall: Centre’s formula signals states to take hit from Covid

Both the estimated amounts of shortfall are adjusted for the estimated cess collection of about Rs 68,000 crore in the current fiscal.

GST return filing date extended,

East Asia summit: India, China, US to bolster supply chain to deal with challenges posed by Covid

Speaking on this occasion, commerce and industry minister Piyush Goyal reiterated that the Modi government’s Atmanirbhar Bharat initiaive “does not mean a protectionist India”.

But it is about “up- scaling the growth of Indian industry, its skills and capabilities to make them resilient and less vulnerable to shocks and integrating our industries with the global supply chains," he said.

Don’t track: Apple’s upgrade can limit how much data Facebook can collect

Google uses a similar tech called Google Play Services ID for Android (GPS ADID) and even gives users the ability to reset this from their settings and even offers an opt out.

A lot of experts have been lauding the move by Apple as one that gives users the choice and control.

GST shortfall: Bengal, Kerala finance ministers say Centre should borrow, not states

The states have been given two options — either to borrow Rs 97,000 crore with an additional fiscal deficit headroom of 0.5% or Rs 2.35 lakh crore without any FRBM relaxation.

He added that the proposal to extend the compensation cess fund mechanism beyond five years was reasonable only if the Centre offered to borrow.

Crushing season: If govt paid-up, farmer dues owed by sugar mills could halve

In the case of a state like Uttar Pradesh where around Rs 11,300 crore is owed to farmers, the dues to some of the better mills are close to 75% of what the mills owe the farmers.

This means mills earn around Rs 356.8 from every quintal of sugarcane they purchase; based on the Rangarajan formula, mills were to pay farmers 75% of what they earned, or Rs 267.6.

Extension of compensation cess fund to hit Centre’s revenue

The proceeds of this tax could then be claimed by the central government as central GST component as opposed to compensation cess proceeds which are reserved solely for states, sources said.

GST shortfall
Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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