Friday , 16 November 2018
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Business

Be an informer to I-T dept; earn up to `5 crore

PTI   NEW DELHI Sharing “specific information” with the income tax department about any benami transaction or property could earn you up to Rs one crore, while the same for undisclosed black money stashed abroad could fetch up to Rs 5 crore. Besides, the ‘Income Tax Informants Reward Scheme’ has also been amended under which a person can get reward ... Read More »

CBI summons AirAsia CEO to join probe by June 6

IANS   NEW DELHI The CBI has asked Malaysia-based AirAsia Group CEO Tony Fernandes to appear before it by June 6 to face queries relating to alleged bribery to get FDI rules tweaked. The Central Bureau of Investigation has alleged that bribe was paid to obtain a licence to operate international flights by the joint venture of AirAsia India Ltd ... Read More »

India gets funding for 17 women, children healthcare projects

IANS NEW DELHI In a major initiative to improve healthcare for women and children in low and middle-income groups, 100 innovators in developing nations, including 17 in India, will receive a seed grant of 100,000 Canadian dollars each, it was announced on Friday. Funded by Grand Challenges Canada, with financial support from the Canadian government, the ideas to develop and ... Read More »

India can become one of the largest jute exporters: Smriti Irani

IANS   KOLKATA Union Textiles Minister Smriti Irani on Thursday claimed that India has the potential to become one of the largest jute exporters in the diversified section, if the quality of the raw material can be improved. The minister also urged the jute industry to bolster the centre’s initiative in providing certified jute seeds to the farmers that would ... Read More »

STT GDC India to open third data centre in Bengaluru

IANS   NEW DELHI As part of its India expansion plans, Singapore-based STT Global Data Centres India Private Limited (STT GDC India) on Thursday announced the opening of a third data centre in Bengaluru, where it already operates two such facilities. The new state-of-the-art facility is expected to be operational by the third quarter of 2019, the company said in ... Read More »

After 1 paisa cut, petrol down by 7 paise, diesel by 5 on Thursday

IANS   NEW DELHI After a one paisa cut in fuel prices which brought a lot of flak to the oil companies and the government, on Thursday petrol prices across the four metros were cut by seven paise a litre and diesel prices fell by five paise. In the national capital, petrol was sold at Rs 78.35 per litre, down ... Read More »

Banking services hit as employees’ strike continues for 2nd day

PTI NEW DELHI Banking services were hit across the country for the second day today as about 10 lakh bankers continued their strike to protest a “meagre” 2 per cent salary hike offered by Indian Banks Association (IBA) — the management body. Thursday is the last day of the two-day strike being observed by the United Forum of Banking Unions ... Read More »

‘Consumers Shoppee’ exhibition opens in city

PANAJI: ‘Consumers Shoppee’ exhibition of consumer and household products was inaugurated on Wednesday at the hands of Sripad Naik, Union Minister of State, AYUSH at Don Bosco High School, indoor stadium, Panaji and will be open to public until June 3, from 10 am to 8.30 pm. The chief guest Sanjay Harmalkar, president Institute Menezes Braganza, Panaji, Pramod Pathak, Ujwala ... Read More »

Bank strike: services hit, impact to continue today

PTI   NEW DELHI Banking operations in the country were hit Wednesday as 10 lakh employees, primarily from PSU banks, went on 2-day strike to protest against a “meagre” 2 per cent salary hike offered by Indian Banks Association (IBA) — the management body. The strike, also supported by employees of some old generation private sector banks and foreign banks, ... Read More »

ECONOMIC SCAN

Govt urged over refund of embedded taxes on cotton textile export MUMBAI: If the government were to support the textile exports sector with a few policy measures like refund of embedded taxes (which has also been recognised by the Economic Survey for the year 2017-18), the exports of cotton textiles has the potential to reach US$ 20 bn in the ... Read More »