Saturday , 14 December 2019
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Sitharaman opts out of GoM on IGST

New Delhi: The Centre has changed the composition of the group of ministers (GoM) on integrated goods and service tax (IGST) after finance minister decided to opt out of the ministerial panel headed by her. Deputy Chief Minister of Bihar, Sushil Modi has now been made chairperson of the GoM that is expected to deliberate and suggest measures for increasing …

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Rs 5 lakh cr to be spent in infrastructure: Nitin Gadkari

Bengaluru: The government would spend a whopping Rs 5 lakh crore over the next two years in infrastructure projects to spur the economy and create thousands of jobs, Union Surface Transport Minister Nitin Gadkari said on Tuesday. “We will spend Rs 2 lakh crore in infrastructure projects in this fiscal (2019-20) and Rs 3 lakh crore in the next fiscal (2020-21) to …

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Walmart, Flipkart jointly invest in Ninjacart startup

Bengaluru: Walmart and its Indian arm Flipkart on Wednesday jointly invested in fresh produce supply chain startup Ninjacart, to modernise fresh produce market to benefit consumers, retailers and farmers. “As a homegrown e-commerce company, it is in our DNA to drive change and solve complex local problems in-house through technology. In Ninjacart, we see a company that shares our values, …

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DoT cracks whip, tells telcos to pay pending AGR dues fast

New Delhi: The Department of Telecom (DoT) has asked telecom licencees to speed up the process of self-assessment of adjusted gross revenue (AGR) based dues and the payment of over Rs 1.47 lakh crore and submit comprehensive representation on previous issued demands latest by December 13, 2019. The letter issued by the DoT has been viewed by IANS. The deadline …

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‘Kharedi Yatraa’ 5-day exhibition inaugurated at Panaji

PANAJI: ‘Kharedi Yatraa’, a name synonymous with the best Consumer and household products exhibitions in Maharashtra and Goa, was inaugurated Wednesday at the hands of Member of Legislative Assembly Cortalim Constituency, Alina Saldanha at Don Bosco High School Indoor Stadium, Panaji. The inauguration function was attended by Zito Godinho, Ujjwala Tarkar organizer, Gargee Bhandare, and various company representatives. In this …

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RCEP did not adequately address India’s concerns

New Delhi: The Regional Comprehensive Economic Partnership (RCEP) did not “adequately” address India’s concerns over issues like non-tariff barriers to trade and opaqueness in subsidy regime in some countries, which forced it to back out from the trade deal, the government informed Rajya Sabha on Tuesday. Besides, the government is also going to review the free trade agreement between India …

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Exim Bank strengthening export credit agencies

Mumbai: With merchandise exports witnessing a slowdown during the past decade, there is a need to focus on newer avenues for export growth from India. According to a study by Exim Bank, project exports is one such sector of opportunities for India. Analysis in the study indicates that contract awards for projects financed by Multilateral Development Banks (MDBs) [World Bank, …

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Jewar Airport: Once ready will open more routes, arrest fares

Greater Noida: Once ready in 2023, the International Airport in Jewar township here in Uttar Pradesh is expected to boost the aviation industry by decongesting the national capital’s IGIA as well as expanding the reach of air services to a ‘larger population base of the NCR region’, experts opine. Accordingly, industry experts predicted the project to aid airlines to open …

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RBI had no objection to issuance of electoral bonds through SBI: FM

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said in Rajya Sabha that the RBI had no objection to issuance of electoral bonds through the State Bank of India (SBI). Replying to a supplementary during the Question Hour on electoral bonds through the SBI, the Finance Minister said the Reserve Bank of India (RBI) being a stakeholder was involved in …

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RS members support Ship Recycling Bill

New Delhi: Cutting across party lines, majority of Rajya Sabha members on Monday supported the Recycling of Ships Bill, but sought better safeguards for workers and environment protection in the new law itself or its rules. The bill, which has already been passed by Lok Sabha, seeks to regulate recycling of ships in accordance with international standards. Shipping Minister Mansukh …

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