Thursday , 13 December 2018
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Business

No govt nod required for public cos for managerial compensation: MCA

PTI   NEW DELHI Public companies will no longer require government approval for paying salaries beyond a certain threshold to their managerial personnel, according to a communication. Easing the norms, the Corporate Affairs Ministry has amended provisions under Companies Act, 2013 in this regard. This will be applicable for public companies and not private companies. Under the Companies Act, 2013, ... Read More »

Petrol price touches Rs 81 mark, diesel crosses Rs 73 in Delhi

PTI   NEW DELHI Petrol price Thursday touched the Rs 81 per litre mark in Delhi while diesel rates crossed Rs 73 as the potent combination of a depreciating rupee and rising crude oil rates continued to push fuel prices higher. After a day’s lull, the upward march of fuel prices resumed Thursday with petrol price being hiked by 13 ... Read More »

Turkish Central bank raises rates sharply, boosts lira

REUTERS   ISTANBUL Turkey’s central bank raised its benchmark rate by a hefty 625 basis points on Thursday, the biggest such increase in President Tayyip Erdogan’s 15-year rule, boosting the lira and possibly easing investor concern over his influence on monetary policy. The bank’s Monetary Policy Committee raised the one-week repo rate to 24 percent, meaning it has now increased ... Read More »

ECONOMIC SCAN

Zuari Global provides drinking water solution to Quepem villagers PANAJI:  Zauri Global Limited (ZGL), an Adventz Group company installed the drinking water facility for 40 households belonging to scheduled tribe in Barcem village of Quepem taluka of South Goa. The community faced shortage of drinking water due to irregular supply of water from the existing water source, and was dependent ... Read More »

Hero MotoCorp launches ‘Xtreme 200R’

NT NETWORK PANAJI Hero MotoCorp Ltd, one of the world’s largest single two-wheeler manufacturer, Wednesday launched its new premium motorcycle, the Xtreme 200R in Goa. The Xtreme 200R is priced at Rs 89,900 and is available for sale at Hero MotoCorp dealerships in the Goa. In keeping with its commitment to bring technologically superior and youthful products to the market, ... Read More »

Cabinet okays Rs 15,053 cr new procurement policy

PTI   NEW DELHI Ahead of the 2019 polls, the government Wednesday announced a Rs 15,053-crore procurement policy allowing states to choose a compensation scheme and rope in private agencies for procurement to ensure a profitable price to farmers. The new umbrella policy ‘ Pradhan Mantri Annadata Aay SanraksHan Abhiyan’  (PM-AASHA) was approved in the Cabinet meeting, headed by Prime ... Read More »

Centre notifies rules to regulate pet shops

PTI   NEW DELHI The Centre has notified rules to regulate pet shops under which such establishments will have to get a certificate of registration from the State Animal Welfare Board. Lauding the new rules which set standards for animal housing and care in shops engaged in sale or purchase of pets animals in India, animal rights body said if ... Read More »

Railways to carry out independent audit of nearly 5,000 bridges

IANS NEW DELHI In view of recent mishaps, the Indian Railways has undertaken a massive, third-party audit exercise of critical bridges across the country to get an independent assessment of these crucial links in the rail network. A total of 4,835 bridges have been identified for the third-party audit that is to be carried out with the help of international ... Read More »

From Oct 2, all shares in demat form: Govt

PTI   New Delhi Unlisted public companies have to compulsorily issue new shares in demat form beginning October 2, the government said Tuesday, amid continuing efforts to curb illicit fund flows. Besides, transfer of shares by these companies has to be done only in the demat or electronic form. This step has been taken for “further enhancing transparency, investor protection ... Read More »

New Goa-Bangalore cargo flight launched

NT NETWORK   PANAJI Giving boost to logistics in the state, transport of air cargo from Dabolim airport via Bangalore will soon be possible with the starting of a new Goa-Bangalore route shortly. The announcement of launch of Goa- Bangalore cargo flights was by the Goa Air Cargo Association on Tuesday. A senior official from the association said that, the ... Read More »