Bilingual Social media – pursuit of truth
Exports bounced back in October after a contraction in September, as engineering goods, pharmaceutical and chemical shipments picked up pace. However, this didn’t prevent trade deficit from widening, as crude oil bill continued to shoot up. Outbound trade rose by 17.86 per cent in October to $26.98 billion. In September, exports had declined for the Read More…
GST collections for October 2018 have crossed Rs 1 lakh crore. The success of GST is lower rates, lesser evasion, higher compliance, only one tax and negligible interference by taxation authorities, Jaitley tweeted. The Finance Ministry had targeted monthly GST collections to be Rs 1 lakh crore for this fiscal. After it touched the one Read More…
The Supreme Court Wednesday said that no Bharat Stage IV vehicle shall be sold across the country with effect from April 1, 2020. The Bharat stage emission standards are standards instituted by the government to regulate output of air pollutants from motor vehicles. The Bharat Stage VI (or BS-VI) emission norm would come into force Read More…
In April 2018, the Indian Cellular Association informed the telecom and IT ministry that India had become the second largest mobile phone manufacturer in the world. In late 2014, the government set the target of 500 million mobile phones to me made in India by 2019. This has now been revised to 1 billion units Read More…
Diwali has come early for e-tailers like Amazon and Flipkart whose Great Indian Festival and Big Billion Days Sales got over recently. With the 5-day long sale fst, both Amazon and Flipkart have amassed a whopping Rs 15,000 crore. RedSeer Consulting in its report said e-tailers had a better “sales performance over the five festive Read More…
Investor wealth eroded by Rs 2.69 trillion Thursday hit hard by massive sell-off in the equity market where the BSE benchmark index plummeted over 1,000 points in intra-day trade. Following the weak show by equities, the market capitalisation (m-cap) of BSE-listed companies witnessed an erosion of Rs 2.69 trillion to Rs 1.5 trillion. “Indian stock Read More…
The unabated outflow of foreign funds continues to pinch Indian rupee, as domestic currency slumped by 33 paise to finish at a fresh lifetime low of 74.39 against the US dollar on Tuesday. This is the six consecutive fall for the rupee against US dollar Earlier in the day, the domestic currency erased all its Read More…
Till now nine people were reported dead Tuesday following a blast at the Bhilai Steel Plant in Chhattisgarh, located some 32 kilometres from Raipur. The blast was sudden and people working there had no time to escape. The Bhilai plant, operated by SAIL, produces a range of products, including rails. District collector visited hospital Read More…
Mobile messaging platform WhatsApp Tuesday said it has built a system that stores payments-related data in India, in line with RBI’s data localisation policy. The Reserve Bank of India (RBI), in a circular in April, had said all system providers will have to ensure that the entire data relating to payment systems operated by them Read More…
The Supreme Court, last week, struck down Section 57 of the Aadhaar Act, which allowed private companies to use the 12-digit biometric ID-based eKYC. Days after the Supreme Court imposed curbs on the use of Aadhaar, biometric-issuing authority UIDAI Monday asked telecom companies to submit, within the next 15 days, a plan to stop using Read More…
The International Monetary Fund (IMF) on Monday appointed Indian-origin Harvard University professor Gita Gopinath as its new chief economist. “International Monetary Fund (IMF) Managing Director Christine Lagarde appointed Gita Gopinath on Monday as Economic Counsellor and Director of the IMF’s Research Department,” IMF said in a statement. “Gita is one of the world’s outstanding economists, Read More…
Will the opposition in India also include Reliance Defence announcement on Thursday 24th dec 2015 that it had signed a manufacturing and maintenance deal potentially worth $6 billion with Russia’s Almaz-Antey, the maker of an air defence system is a point been pondered with . It is important to note Prime Minister Narendra Modi on Read More…
The bank stocks are trading in red with Nifty Bank index slipping nearly 2 per cent weighed by an over 4 per cent fall in RBL Bank and IDFC Bank. The Nifty Fin Service index too has fallen nearly 3 per cent led by an 11 per cent fall in Indiabulls Housing Finance and also Read More…
On Monday, the petrol price breaches Rs 90-mark in Mumbai, with current rates reaching Rs 90.8 per litre. In Delhi, petrol is being sold at Rs 82.72 per litre. Diesel prices were hiked across all metros. Diesel price were hiked by 5 paise a litre except Chennai where the prices were raised by 6 paise Read More…
In a shocking incident, the cabin pressure of a Jet Airways Mumbai-Jaipur flight dropped, resulting in nose bleeding and ear pain among several passengers on Thursday morning. Jet Airways flight 9W 697 going from Mumbai to Jaipur had to return to Mumbai on Thursday morning. The flight commenced from Mumbai at 5.50 AM but Read More…
The Reserve Bank Wednesday eased norms for companies in manufacturing sector to raise overseas funds and allowed Indian banks to market Masala Bonds in line with the government’s measures to prop up the rupee. The rupee has been losing value against the US dollar, and had almost touched 72.99 on Tuesday causing worries to government Read More…
After 33-hour countdown, India’s premier space agency ISRO launched two commercial satellites from Sri Harikota on Sunday. The British satellites NovaSAR and S1-4 together weighing about 889 kilograms were launched at 10.08 PM. The foreign satellites, meant for forest mapping and flood and disaster monitoring, among other uses, would be released into sun synchronous orbit Read More…
GST collections dropped to Rs 93,960 crore in August from Rs 96,483 crore in the previous month, the Finance Ministry said Saturday. The total number of GSTR (goods and services tax returns) 3B filed for the month of July up to August 31, 2018, is 67 lakh. This is slightly higher than 66 lakh returns Read More…
Olectra Greetech (formerly Goldstone Infratech Ltd) manufactures electric buses in technical collaboration with Chinese electric vehicle giant BYD Auto Industry Co Ltd. It has set up a plant in Hyderabad to assemble electric buses. Olectra Greentech Ltd said on Wednesday that it is ready to supply electric buses to BMTC. The company is waiting for Read More…
At the end of the financial year March 2018, banks had reported gross non-performing assets (NPAs) of Rs 12.64 lakh crore of this the public sector banks had gross NPAs of Rs 10.60 lakh crore. Of this, Rs 2.1 lakh crore has already moved to NCLT. The NPAs in the Rs 50 crore and below Read More…
Mrutyunjay Mahapatra, deputy managing director (strategy) and chief digital officer, SBI, and Alok Agarwal, chief financial officer, RIL, exchanging the signed MoU to deepen digital partnership, in the presence of Rajnish Kumar, chairman, SBI, and Mukesh Ambani, chairman and managing director, RIL, in Mumbai. State Bank and Reliance Jio, which are partners in a payment Read More…