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.
The committee says it is surprised to note the percentage share of allocated funds given to the government's flagship programmes remains around an average of 1.59 percent since 2014-15 and no substantial increase is given despite the mandate to implement some of the highly ambitious missions.
Long terms capital gains (LTCG) tax became the buzz word on February 1 2018 thanks to the Budget and the proposals. A lot of equity investors now have to start getting used to paying 10 percent tax on the long terms gains that they are making in the equity market. A panel of experts decoded what the new taxation regime means when it comes to the market and investors.
Kotak Mahindra bank's Uday Kotak doesn't expect privatization of public sector lenders -- but believes that going ahead there will be consolidation of PSU banks.
The two-day conference, which concluded today, had representations from 53 World Trade Organisation (WTO) member countries, including the US, China, and the EU.
Videocon Industries sold its 51.32 percent stake in the insurance company to the extent of 26 percent to Diamond Dealtrade (a DP Jindal Group Company) & the remaining 25.32 percent to Enam Securities.
The Centre has embarked upon a major policy initiative for rapid transformation of 115 districts which are lagging on specific development parameters.
"The Small Tea Growers (STGs) must work cohesively with the big players of the industry for the overall sustained growth of the sector in the state," the chief minister said while launching direct benefit transfer of financial incentives for STGs in new areas under plantation.
Any individual above 18 years of age is eligible to apply for a margin money subsidy of 25 percent of the project cost in rural areas and 15 per cent in urban areas.
It is estimated that basmati exports may cross Rs 26,000 crore in FY18, clipping at 20 per cent over the past fiscal year and at Rs 28,000 crore in FY19, Icra said in a report today.
It said 35 mineral blocks including that of iron ore, bauxite and limestone, among others have been auctioned as on March 12, 2018 and another 35 are at various stages of bidding.
This facility was available only for the apparel manufacturing sector as per the Industrial Establishment (Standing Order) 1946.
"About 40 per cent of the country's workforce is linked to agricultural knowledge activities. The government aims to double farmers' income," Union Skill Development & Entrepreneurship Minister Dharmendra Pradhan said.
In particular, the speakers would offer their insights on issues like the ability of healthcare industry to keep up with the changing patient expectations, and the role of digital innovations in improving transparency and making it more affordable, they said.
Union Minister for Shipping Nitin Gadkari today stressed the need to improve waterways in the country to cut down the cost of logistics, which, he said, will boost the economy and tourism sector.
The move will help the government break the unholy nexus between doctors and pharma companies
Delegates from as many as 52 countries, including the US and China, are participating in the informal meeting of the WTO called by India amidst increasing protectionism in global trade.
The reduction in planting area could cut into export supply from India and further bolster global cotton prices, which earlier this month hit their highest since June 2014.
In a note to clients, Goldman Sachs lowered its real gross domestic product (GDP) forecast on India for the year to March 2019 to 7.6 percent from 8 percent earlier.
Last week, RBI Governor Urjit Patel, in the context of the fraud at Punjab National Bank (PNB) had stressed that the it does not have enough control over the state run banks as much as it have over private lenders.
Metis Capital Management co-founder Piyush Sharma feels the biggest risk to equities today comes from overly optimistic expectations based on unrealistic acceleration narrative.
The report said that Generation Z (61 per cent) across APAC region agree contract-based roles are more popular amongst jobseekers than permanent full-time roles.
SAT had set aside a broker-transfer judgement by IRDAI, and also said that this amounted to aiding and abetting corruption
'India can achieve a growth rate of 10%’, that is the word coming in from Former Reserve Bank of India (RBI) Governor Raghuram Rajan. In an exclusive conversation with CNBC from the side-lines of the 21st Credit Suisse Asian Investment Conference in Hong Kong, Rajan adds some key reforms are needed to accelerate India's Growth Rate. He also spoke about the risks to the US economy and what should it do about its fiscal deficit.
Defence minister Nirmala Sitharaman and Punjab chief minister Captain Amarinder Singh recently painted a grim picture of India's defence forces while speaking at the News18's Rising India Summit.