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India’s ‘export hub’ dream needs new reforms: Gita Gopinath

New Delhi: Implying that India has not taken the required steps to turn into a manufacturing major, IMF Chief Economist Gita Gopinath on Friday said that the country needs a separate set of reforms to become a manufacturing and export hub. Speaking at a FICCI event here, the International Monetary Fund’s (IMF) Chief Economist suggested that India reform its land …

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Goa gets first Mochi store at Porvorim

Panaji: Mochi Shoes and Accessories unveiled its first store in state at Porvorim on December 20, which is also the brand’s 140th store in the country. The store is located at Prudential Palms, next to Navtara Hotel along Chogm Road. The Porvorim store will offer fashionable and in-trend footwear for everyone. Mochi is a one-stop shop for all-fashion footwear needs along …

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BIZ SCAN

Madgao co-op society opens at Chaudi Canacona: A branch of the Madgao School Complex Credit Co-operative Society was recently opened at Chaudi, Canacona at the hands of Deputy Speaker and Canacona MLA Isidore Fernandes. Speaking at the inaugural function, Isidore said that credit co-operative societies benefit the villagers and mainly the young who decide to start their own businesses. Ex-minister Ramesh …

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Centre notifies Tripura’s lone SEZ

Agartala: The Union Commerce Ministry has notified the setting up of the first ever Special Economic Zone (SEZ) in Tripura with an estimated investment of Rs 1,550 crore, an official said here on Thursday. An official of Tripura’s Industries Department said the Union Commerce Ministry earlier this week has notified the setting up of the first ever SEZ at Paschim …

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Rein in airlines ahead of New Year rush, passengers ask PMO

New Delhi: Alleging that airlines jack up ticket prices by 3-5 times during weekends and festive season, air travellers group Air Passengers Association of India (APAI) has written to Prime Minister’s Office (PMO) for reining in the carriers. «A passenger has to spend an exorbitant amount (3-5 times of the normal fare) for booking tickets during weekend and festivities,» the APAI has …

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India should cut reliance on rice

New York: India can sustainably enhance its food supply and improve its environmental footprint by reducing its reliance on rice and planting more nutritious and less environmentally damaging crops such as sorghum, finger millet and pearl millet, says a study from the University of Delaware in the US. “You often see agriculture presented as causing environmental problems, when in fact …

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TRAI paper on floor prices could lead to tariff hikes

New Delhi: Reacting to the Telecom Regulatory Authority of India (TRAI) floating a consultation paper on fixation of floor prices, analysts say it opens up room for more tariff hikes. Citigroup said in a research note that the introduction of floor tariffs is likely to be perceived as positive as it could potentially open up room for further tariff hikes. While implementing this …

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PhonePe leads in functionality, user experience in India: Report

New Delhi: Digital payments platform PhonePe that has crossed 5 billion transactions, is leading on both functionality and user experience (UX) front among the key payment apps in India, a new report said on Wednesday. PhonePe led the pack of eight digital payments apps — Axis Pay (from Axis Bank), BHIM, Google Pay, Mobikwik, PayZapp (from HDFC Bank), Paytm, PhonePe, and Pockets (from ICICI Bank) …

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Infosys settles visa case with California for $800,000

Bengaluru: Global software major Infosys on Wednesday said it reached an out-of-court settlement for $800,000 (Rs 5.7 crore) with the California Attorney General on charges related to the alleged violation of B-1 visa rules by it to its techies. “Our agreement concludes the California Attorney General’s investigation into the allegations related to the payment of state payroll taxes for some employees travelling …

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Himachal seeks Rs 1,400 cr infra fund at pre-budget meet

New Delhi: Himachal Pradesh Industries Minister Bikram Singh on Wednesday asked Union Finance Minister Nirmala Sitharaman for Rs 1,400 crore financial outlay in the budget for 2020-21 for construction of 58 roads declared as in-principle national highways. Participating at the pre-budget consultation meeting, he also urged for creation of Rs 1,000 crore dedicated fund for four laning of Pinjore-Baddi-Nalagarh, Shimla-Mataur …

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