Wednesday , 26 February 2020
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Govt needs Rs 87k cr to meet disinvestment target: DIPAM

New Delhi: With two months to end the FY20, fiscal disinvestment proceeds have touched Rs 18,094.59 crore till Jan 9, a meagre 17.23% of the target and if this state of affairs remain till March 31, then government would miss the target by a whopping Rs 87,000 crore which is now near impossible to achieve. The target for fiscal 20 …

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Railway officers protest cadre merger

New Delhi: Civil Services officers from 13 railway zones and around 60 divisions have submitted written memorandums running into more than 250 pages against the merger of railway services, alleging the decision was “unilateral” and will negatively impact the safety of trains operations. Big brown envelopes containing the representations against the merger of eight services into the Indian Railway Management …

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Unseasonal rain a blessing for farmers

New Delhi: The winter rainfall across the plains in the north India and other parts has brought cheers for the farmers. Unlike the notion that unseasonal rain causes damage to the crops, this time it is being welcomed by the farming community, who are saying that it is like “gold falling from the sky” as it will boost the Rabi …

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GST authorities summon firms with 12 key docs

New Delhi: Central GST authorities have started summoning businesses with a set of 12 key documents pertaining to FY17-18, the GST roll-out year, for closer scrutiny suggesting an aggressive approach against suspected tax evasion. This has left the industry scared with many of them terming the move arbitrary. Many tax experts pointed out that several records called by the department …

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‘Companies should patent their new products’

Panaji: Although intellectual property (IP) is a valuable asset for entrepreneurs most local unit owners are not aware of protecting it through the use of intellectual property rights (IPR).  Advising Goan unit owners to protect their innovations, Deepak Parab, nodal officer, Goa State Patent Information Center, on Thursday said that, it is important for new companies not to reveal their …

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Ban on Malaysian palm oil imports to help domestic industry

New Delhi: India has imposed restrictions on refined palm oil imports from Malaysia, although crude palm oil (CPO) imports from the country will continue. The move is being viewed as a major step to benefit the domestic industry in the country. The Union Ministry of Commerce and Industry on Wednesday issued a notification prohibiting the import of commodities falling under …

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Uniform stamp duty for all deals via exchanges notified on Jan 9

New Delhi: The government has notified uniform stamp duty rates “much lower than earlier” across states for trading in stocks, derivatives, currencies and commodities. It will become operational on January 9 and help curb the problem of varied stamp duty collection rates. The notification also makes it easier for consolidated payments through the exchanges where the products are traded. At …

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Maha Farmers’ Rights Commission to curb agro-crisis

Mumbai: With farmers suicides unabated in 2019, a farm-panel has mooted the setting of India’’s first-ever rights commission to address the ongoing crises in the farmlands and make the state “farmers suicide-free within five years”, according to a top activist. “We have proposed to set up a ‘’Maharashtra Farmers’’ Rights Commission’’ – on the lines of National Human Rights Commission …

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Jio launches voice and video call over WiFi networks

New Delhi: India’s only profitable telecom operator Reliance Jio on Wednesday announced the launch of voice and video calling service which would run over WiFi networks across the country. “At this juncture, when an average Jio consumer uses over 900 minutes of voice calls every month, and at a growing base of consumers, the launch of Jio WiFi calling will …

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BIZ SCAN

Exim Bank raises US$ 1 billion for 10 year tenor Mumbai: The Export-Import Bank of India, on January 06, 2020, successfully priced a 10 year Bond of US$ 1 bn, its third transaction in the 144A/Reg S format. The transaction marks lowest coupon from any Indian issuer for a 10 year USD issuance. The issue attracted a total order book …

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