Clear Dues In 3 Months As Per Top Court Order, Telecom Firms Told: Report

The DoT has given option to telecom operators to clear all the dues on self-assessment basis. NEW DELHI:  The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source. The DoT has given option to … Read moreClear Dues In 3 Months As Per Top Court Order, Telecom Firms Told: Report

Retail inflation breaches RBI target in October, now at a 15-month high of 4.62%

India’s Retail inflation for the month of October breached the Reserve Bank of India’s (RBI) medium-term target of 4% for the first time since July 2018 due to higher food prices even though RBI had predicted that food prices “are likely to moderate as winter supplies enter the market”. Inflation touched 4.62, according to the … Read moreRetail inflation breaches RBI target in October, now at a 15-month high of 4.62%

Sensex Falls Over 150 Points From Day’s High Amid Volatility: 10 Things To Know

Eight out of the 11 sectoral indices on the NSE were trading in the negative territory. Domestic stock markets swung between gains and losses on Wednesday after starting the session on a flat note. The S&P BSE Sensex rose as much as 102.09 points to touch 40,447.17 on the upside before sliding as much as … Read moreSensex Falls Over 150 Points From Day’s High Amid Volatility: 10 Things To Know

IBC proceeds formula may be reworked

NEW DELHI: The government is considering a formula for distributing the proceeds of insolvency resolution among financial and operational creditors in a fixed proportion, said people with knowledge of the matter. The goal is to protect the interests of operational creditors and reduce delays due to litigation, ensuring that the objective of the Insolvency and … Read moreIBC proceeds formula may be reworked

Extending workers’ safety code to small enterprises will hamper job growth, CII tells govt

Industry body, the Confederation of Indian Industry has suggested government retain the eligibility criteria for enterprises to come under the ambit of the Occupational Safety, Health and Working Conditions Code, 2019 (OSH Code) as changes proposed would severely impact the small and medium enterprises. CII has suggested government set up common facilities for establishments in … Read moreExtending workers’ safety code to small enterprises will hamper job growth, CII tells govt

GDP Growth In Second Quarter May Lower To 4.2%: State Bank Of India

Country’s GDP was already at the 6-year lowest of 5 per cent in Q1. New Delhi:  The second quarter GDP growth may further lower down to 4.2 per cent on low automobile sales, deceleration in air traffic movements, flattening of core sector growth and declining investment in construction and infrastructure, and the growth forecast for … Read moreGDP Growth In Second Quarter May Lower To 4.2%: State Bank Of India

Just 3 companies show up for NHAI’s toll-operate-transfer-3 auctions

NEW DELHI: The highways ministry’s third round of auctions for monetisation of toll roads has received bids from only three players, officials aware of the matter said. The turnout is strikingly low especially after 27 players had evinced interest during the pre-bid meetings. The National Highways Authority of India (NHAI) had in June this year … Read moreJust 3 companies show up for NHAI’s toll-operate-transfer-3 auctions

Indian Oil Looks To Import Russian Oil, Says Chairman

ABU DHABI:  Indian Oil Corp, the country’s top refiner, is considering importing Russian oil, its chairman Sanjiv Singh said on Monday, as the company aims to diversify its oil import sources. India, the world’s third-biggest oil importer and consumer, ships in about 60 per cent of its overall crude needs from the middle-eastern countries. The … Read moreIndian Oil Looks To Import Russian Oil, Says Chairman

NBFCs/HFCs to soon get Rs 20K-crore under credit guarantee scheme

MUMBAI: Finance secretary Rajiv Kumar on Monday said the government is in the process of approving Rs 20,000-crore of lifeline to the fund-starved NBFCs under the partial credit guarantee scheme announced in the budget. The budget had proposed a partial credit guarantee scheme worth Rs 1 lakh crore under which public sector banks would buy … Read moreNBFCs/HFCs to soon get Rs 20K-crore under credit guarantee scheme

Gold Price At Rs 38,070 Per 10 Grams In Delhi: All You Need To Know

Gold demand in 2019 could drop 8 per cent from a year ago to around 700 tonnes, said an expert. Gold prices stood at Rs 38,070 per 10 gram in the national capital on Monday, according to India Bullion and Jewellers’ Association (IBJA). These rates are exclusive of 3 per cent Goods and services Tax … Read moreGold Price At Rs 38,070 Per 10 Grams In Delhi: All You Need To Know

Indian economy currently facing challenges, says Sitharaman

NEW DELHI: Finance Minister Nirmala Sitharaman on Sunday unveiled a book on global finance, and said it suggests solutions for challenges that the world and Indian economy is currently facing. Launching the book titled ‘The Rise of Finance: Causes, Consequences and Cure’, she said it will help “understand the current economic situation facing both the … Read moreIndian economy currently facing challenges, says Sitharaman

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