Business

Agriculture

Israeli drip irrigation system set up in K’taka coffee estate

Bengaluru, Dec 9 (IANS) With the help of the Israeli Consulate, an Israeli drip irrigation system has been installed at a coffee estate in Karnataka’s Sakleshpur to increase productivity of beans, pepper and fruits, an official said on Wednesday.“The advanced automated drip irrigation system of Israeli firm Netafim has been set up as a pilot […]

Industry

Assocham seeks reimposition of bankruptcy moratorium amid rising Covid cases

New Delhi, April 16 (IANS) Assocham has approached the Finance Ministry with a plea to reimpose moratorium on taking debt-ridden companies to NCLT under the Insolvency and Bankruptcy Code (IBC) till December 2021 in the face of severe outbreak of second wave of coronavirus. “Given the increasing pressure on businesses, it would be imperative to […]

GMR launches ‘AeroCity Hyderabad’

Hyderabad, April 16 (IANS) Infrastructure major GMR Group on Friday announced the launch of GMR AeroCity Hyderabad which offers a gateway airport with the best-in-class logistics hub with smart technology. Spread across 1,500 acres, GMR AeroCity Hyderabad is envisaged to be an integrated mixed-use development, which includes key ports and establishments like business park, retail […]

Amazon Prime hits 200M users globally: Bezos

New Delhi, April 16 (IANS) Amazon Prime has reached a user base of 200 million, according to the outgoing CEO Jeff Bezos, which is an increase of over 50 million during the pandemic only. In his final annual letter to Amazon’s shareholders on Thursday, Bezos who will be replaced by former AWS head Andy Jassy […]

India’s March merchandise exports rises by over 60% YoY

New Delhi, April 15 (IANS) Base effect, along with healthy demand conditions abroad, pushed India’s merchandise exports higher by 60.29 per cent on a year on year basis in March 2021, official data showed on Thursday. The country’s merchandise exports during the month under review increased to $34.45 billion as compared to $21.49 billion in […]

Airlines gain altitude, but will fly into losses this fiscal, too

New Delhi, April 15 (IANS) Domestic airlines are expected to log net losses in FY22 on the back of lower domestic air traffic compared with pre-pandemic levels, together with high fuel prices, ratings agency Crisil said. However, the agency said that these net losses will be 35-40 per cent below the ones reported for fiscal […]

Finance

You may actually be ‘dissaving’ by putting money in savings instruments

Mumbai, April 16 (IANS) You may not have noticed it but the actual interest rate that you are getting on your bank deposits and investments in small savings schemes has fallen into the negative territory. This means that the return on investments is not yielding any positive value but only covering for higher inflation and […]

Senior citizens need govt support for social security: SBI Ecowrap

New Delhi, April 16 (IANS) With country’s population of old set to double over the next few decades, government should look to provide complete tax waiver on senior citizen savings scheme (SCSS) and help the elderly build some sort of social security, said the SBI Ecowrap report. According to the report, the share of India’s […]

HMIL exports over 100k passenger vehicles in FY21

New Delhi, April 16 (IANS) Automobile major Hyundai Motor India (HMIL) on Friday said it has exported 104,342 units between April 2020 to March 2021. Besides, the company said it has became the leading exporter of SUVs with over two lakh units of Creta and Venue being shipped out to overseas markets including Mexico, Saudi […]

‘Govt should regulate cryptocurrencies, not ban them’

New Delhi, April 16 (IANS) As government plans to come up with a Cryptocurrency Bill, sector stakeholders have said that the government should regulate the cryptocurrency ecosystem, rather than banning them. Experts are of the view that India should formulate regulations in the lines of the development countries which regulate these currencies including the US, […]

RBI sets up new Regulations Review Authority

Mumbai, April 15 (IANS) The Reserve Bank of India (RBI) has set up a new Regulations Review Authority (RRA 2.0) for a period of one year to review regulatory prescriptions internally as well as by seeking suggestions from RBI-regulated entities and other stakeholders on their simplification and ease of implementation. Deputy Governor M. Rajeshwar Rao […]

Markets

Korean Govt-led trade panel meets Sikkim Commerce minister to explore investment avenues

New Delhi, Apr. April 16 (IANS) South Korea is keen on exploring investment opportunities in North Eastern state of Sikkim in multiple sectors including renewable energy, pharmaceutical, food processing, tourism. In the first-ever visit to the North-east region of India, a high-level delegation of senior officials of the Embassy of the Republic of Korea, Korean […]

IndiGo waives off change fees on domestic bookings

New Delhi, April 16 (IANS) Airline major IndiGo waived-off change fees on new bookings made from April 17, 2021 till April 30, 2021. Besides, the airline announced that passengers can now do unlimited changes for new bookings made till April 30, 2021 on regular fares under this offer. “This offer is in line with our […]

UK Home Secretary nod to extradition of fugitive businessman Nirav Modi

New Delhi, April 16 (IANS) In a major boost to the Central Bureau of Investigation’s (CBI) probe into the Rs 13,500 crore Punjab National Bank (PNB) fraud case, the UK Home Secretary has approved the extradition request of fugitive businessman Nirav Modi, sources said on Friday. “The UK Home Secretary has approved the extradition request […]

Safran plans to open expanded facility in Hyderabad this year

Hyderabad, April 16 (IANS) French aerospace and defence multinational Safran plans to inaugurate its expanded aircraft engines facility in Hyderabad in the third quarter of 2021. A leadership team headed by Safran Chairman Ross McInnes called on Telangana’s Industry Minister K.T. Rama Rao here on Friday. The team also included Safran’s Senior EVP International & […]

Healthy Monsoon forecast pushes Equities higher, auto stocks shine (Ld)

New Delhi, April 16 (IANS) Forecast of a healthy Monsoon season cheered India’s key benchmark equity indices which trade in the green during Friday’s late afternoon session. Accordingly, volatility was observed as rising Covid cases capped any major recovery attempts on the back healthy Q4FY21 results. However, a bout of late session buying spree pushed […]

Budget

Shri Gaurav Gogoi, MP & Spokesperson criticised government on Budget 2020

Source : Press release INC ( 5th Feb 2020) Shri Gaurav Gogoi, MP & Spokesperson said during press release said there was a lot of expectation with the recent budget after the 2019 mandate of Prime Minister Modi. The people expected huge benefit but neither people got any benefit in the first five years of […]

Budget 2020 Analysis by PRS Legislative Research

Budget Highlights  Expenditure:  The government proposes to spend Rs 30,42,230 crore in 2020-21, which is 12.7% higher than the revised estimate of 2019-20.  Receipts:  The receipts (other than net borrowings) are expected to increase by 16.3% to Rs 22,45,893 crore, owing to higher estimated revenue from disinvestments.    GDP growth:  The government has assumed a nominal […]

Budget 2020 :Shri P. Chidambaram, former Union Minister reaction to Budget

Source : Press Release of INC (1st Feb 2020) Shri Chidambaram said that I am at a loss to understand what was the message intended to be conveyed by Budget 2020-21. I am also not able to recall any memorableidea or statement in the speech” He said the government has given up on reviving the […]

Budget 2020 Summary

Here is the Summary of Budget 2020 presented by Finance Minister Smt. Nirmala Sitharaman on 1st Feb 2020. In the health sector, the Budget proposes more than 20,000 empanelled hospitals under PM Jan Arogya Yojana for poor people; and expansion of Jan Aushadhi Kendra Scheme to all districts offering 2000 medicines and 300 surgicals by […]

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