Today's Paper - 09/12/2021+ Print Archive

CavinKare inks third-umpire brand-partner deal with Indian cricket team

The multi-crore partnership, arranged by ITW Sports Consulting, is valid for all home-ground matches (T20, ODI, and test) for the season

Praj Industries tech enables round-the-year ethanol production

Pramod Chaudhuri, executive chairman, Praj Industries, called this a win-win for all sugar stakeholders and said it would help them play a critical role in the energy transition of the country.

praj industries

Valli case: File replies to notice by December 15, NCLT tells Murugappa holding company

The NCLT has fixed December 15, 2021 as the next date, while providing a last opportunity for the respondents to file their replies before the next date and said that it will hear the arguments thereafter.

NCLT

Construction steel prices up 117% in 6 years

Retail prices for other products such as wire rods and GP sheets have also been steadily increasing to stand at Rs 55,338 per tonne and Rs 85,237 per tonne in November this year, up by 80% and 94%, respectively, over the November 2016 price.

In addition, anti-dumping duty and countervailing duty on certain steel products have also been revoked/temporarily revoked,” Singh said.

At Rs 3.39 lakh crore, NHAI debt at 14 times FY15 level

At the end of 2014-15, NHAI had a total outstanding debt of Rs 24,188 crore

Monetisation of the existing assets will be carried out through three routes: toll operate transfer, toll securitisation and infrastructure investment trusts (InvITs).

Rural housing scheme extended, to cost Rs 2.17 lakh crore in 3 years

As many as 1.56 crore houses will be constructed in the next three years.

To achieve the objective of housing for all by the year 2022, Prime Minister Narendra Modi had launched the PMAY-G on November 20, 2016, with a target to build 2.95 crore houses with basic amenities.

Centre clears over half of pending GST dues to states

The finance ministry told Parliament on Wednesday that the unpaid GST compensation to states for the year 2020-21 stood at Rs 37,134 crore, 54% lower than what was reported in September 2021.

GST collections, which have been steady in recent months, came in at Rs 1,31,526 crore in November (October sales) 2021, the second-highest mop-up in the history of the comprehensive indirect tax that was launched in July 2017.

Wish list: Telcos want easier rules, bank support; seek faster rollout of 5G

Speaking at the India Mobile Congress (IMC), Reliance Industries (RIL) chairman Mukesh Ambani, Bharti Airtel chairman Sunil Bharti Mittal and Aditya Birla Group chairman Kumar Mangalam Birla highlighted that the timely reforms brought about by the governm

Aditya Birla Group holds an over 27% stake in VIL, while Vodafone Plc has more than 44% in the company.

Policy Watch: RBI holds rates, says recovery needs support

The central bank is of the view that the economy, while regaining momentum, needs support so that the recovery is sustainable and broad-based.

Given demand for credit remains subdued, loan rates on products like home loans could stay low in a competitive environment.

Reserve Bank to float paper on digital payment charges

“To deepen financial penetration, it is important to bring feature phone users into the mainstream digital payments,” the RBI said.

In view of the same, the central bank has proposed launching a UPI-based payment product for feature phone users, details of which will be announced shortly.

RBI for raising UPI transaction limit to Rs 5 lakh in select cases

The central bank will shortly issue separate instructions to the National Payment Corporation of India (NPCI) in this regard.

The bane of over-regulation: Electricity amendment Bill a chance to reorient govt’s role in power-sector regulation

The government must limit its role to administration of public finance in the electricity industry. It administers the Consolidated Fund of India as well as the Public Accounts of India and the State Funds.

The areas on which the ministry of power is embarking to legislate are a field entirely occupied by the statutory functions given by the law to CERC, SERCs and CEA.

Revenue relief: Unprecedented tax revenue augurs well for India

This can help India shake off its past burdens and focus on accelerated economic growth this decade

Actual I-T tax collections for April-Oct FY22 are Rs 3.11 lakh crore.

RBI increases 14-day VRRR amount in December to shift out of overnight auctions

The central bank reiterated that it is committed to undertake Operation Twists (OT) and regular open market operations (OMOs) as may be required for effective monetary transmission and anchoring yields.

Given demand for credit remains subdued, loan rates on products like home loans could stay low in a competitive environment.

Need to be careful about cyber risks to CBDC: RBI Governor Shaktikanta Das

CBDCs may be an electronic version of the paper currency, the RBI said. Apart from cyber risks and the risk of digital frauds, the impact of CBDCs on the consumer behaviour and on banking and currency will be the subject of the ongoing assessment by the R

CBDCs may be an electronic version of the paper currency, the RBI said.

Construction steel prices rose up to 117% in 6 years: Govt

Answering a question in Lok Sabha, the minister said that the average price of plates (10 mm) increased the most, by 117%, to Rs 69,852 per tonne (excluding GST) in November this year compared with Rs 32,244 per tonne in November 2016.

In Union Budget 2021-22, customs duty has been reduced uniformly to 7.5% on semis, flat and long products of non-alloy, alloy and stainless steels.

Tech & healthcare: Improving diabetes treatment in rural India

The gap present in providing diabetes care in rural areas can be filled by the use of telemedicine

Not only are there many people with diabetes in rural India, but awareness levels are low.

43-inch Android TVs: Smart viewing for smart viewers

Now, as the situation is somewhat improving and the new year is around the corner, many might have plans to rejig the home décor, for instance, by bringing a new TV in the household.

Big impact: Beyond chequebook philanthropy

Indian startups get tech support besides monetary rewards from global tech corporations for their work in sustainability and environmental causes

The solution ensures optimum hygiene levels at the non-profit’s kitchens facilities.

Rates on short-term papers up to one year fall 5-7 bps

The corridor between the repo rate and the reverse repo rate was expected to be narrowed in this policy, but now the speculations over the same have shifted to the next policy meeting.

The MPC unanimously voted to keep interest rates unchanged and with majority of 5 to 1 for retaining an accommodative stance.
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