The government has halved customs duty on 'open cell' used in the manufacturing of LCD and LED television panels to 5 percent, a move intended to boost domestic manufacturing.
A fresh seizure of antique jewellery, costly watches and paintings worth Rs 26 crore has been made by the ED from the sea-facing Mumbai apartment of Nirav Modi in connection with PNB fraud case.
Salaries are low and a constant threat of physical assault comes with the job
The CBI on Friday arrested Tottempudi Salalith and Tottempudi Kavita, the promoters of Totem Infrastructure Ltd, in connection with an alleged Rs 1,394-crore fraud perpetrated against a consortium of eight banks, officials said.
The Directorate General of Safeguards (DGS) has recommended imposition of duty on imports of solar cells for a period of 200 days, Parliament was informed on Friday.
This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
Responding to questions raised by Congress MLAs about BPL families during the Question Hour, Rural Development Minister Bachubhai Khabad said, in his written reply, that over 31.46 lakh such families were registered in Gujarat as on December 2017.
Over 3.6 crore poor women have been given free LPG connections since June 2015. While the Rs 1,600 cost of LPG connection is borne by the government, the cost of buying LPG stove and refill (gas cylinder) was to be borne by the beneficiaries. To help poor, oil firms provided interest-free loan to fund the cost of LPG stove and refill to beneficiaries.
Commerce and Industry and Civil Aviation Minister Suresh Prabhu chaired the roundtable meeting here.
President Donald Trump's decision to impose tariffs is worrying -- that's the word coming in from Economics Professor at Harvard and Financial Advisor to Kerala Government, Gita Gopinath. Speaking exclusively to Shereen Bhan, Gita said that we may be at the brink of a trade war if China strongly retaliates against Trump's decision. She added that India will also be affected with this tariff imposition in long term.
Singh held a meeting with battery manufacturers here to discuss the creation of an ecosystem for incentivising battery manufacturing in India, an official statement said.
Minister of State for Environment Mahesh Sharma said in a written reply to a question that the research projects aim to deliver mutual benefits and research solutions to the two countries. He said the projects also aim to address shared global sustainable development goals in the areas of clean water and clean energy.
With advances in Machine Learning, Artificial Intelligence and Robotics, this was going to change still further, as they take up the jobs,ranging from those in unskilled sweatshops to high-skilled professions like medicine, the former RBI Governor said.
In a meeting that lasted over an hour, CBEC Member P K Das and other officials asked export associations, including EEPC, to approach the CBEC camps in field offices, which the indirect tax body has organised to facilitate the refund process.
The case pertains to privately placed short term unsecured redeemable non convertible debentures bought by United India that led to a loss of Rs 30 crore
Speaking during a discussion of Budgetary demands of his department in the Legislative Assembly, Finance Minister Nitin Patel also indicated that the Value Added Tax (VAT) on fuel is not likely to be reduced.
The policy says the aim is to make India one of the top five manufacturers of defence platforms with active participation of public and private sectors.
CEO of SDF Sunil Motiwal said the fund will have an exposure of USD 15 million in the Hydro-electric project (HEP) in Nepal.
The NHAI has issued Letter of Award (LOA) for "two-laning with paved shoulder/Four-Laning of Ramdas to Gurdaspur section of NH-354" to Ceigall India Ltd-Inderjit Mehta Constructions Pvt Ltd (JV) at a cost of Rs 149.49 crore, Ministry of Road Transport and Highways said in a statement.
In the previous week, the reserves had increased by USD 728.9 million to USD 421.487 billion.
While there are constrains of land resources, the only option left with farmers is to increase the maize yield, which can be done by adopting advanced hybrids and best agronomic practices, the official said.
The four-laning of Belgaum-Khanapur Section of about 30 km has been awarded to Ashoka Concessions on Hybrid Annuity Mode at a cost of Rs 892.16 crore, it said.
"The total number of companies registered during the period from July 2017 to February 2018 (post GST) is 68,299," the minister of state for corporate affairs said in a written reply to the Lok Sabha.
"The number of telephone subscribers in India declined from 1,190.67 million at the end of December 2017 to 1,175.01 million at the end of January 2018, thereby showing a monthly decline rate of 1.32 per cent," the Telecom Regulatory Authority of India said.
Rajan, Professor, Finance, University of Chicago, Booth School of Business, advised that one should stay away from trade war particularly at a time when the economy the world over was in the process of recovery.