Wednesday , 26 September 2018


Govt keeps small savings interest rates unchanged

PTI   NEW DELHI The government Wednesday decided not to tinker with the interest rates on small savings schemes, including NSC and PPF, for the April-June quarter. The move is aimed at matching the hardening interest rates in the banking sector. “On the basis of the decision of the government, interest rates for small savings schemes are to be notified ... Read More »

E-way bill rollout from April 1: businesses urged to enrol

IANS   NEW DELHI With only around 11 lakh entities having registered in the e-way bill system slated to roll out from April 1, the government on Wednesday gave a call to businesses and transporters to enrol on the dedicated platform. The electronic way (e-way) bill introduced under the Goods and Services Tax (GST) regime will apply to inter-state transportation ... Read More »

Extradition of economic offenders to India a judicial matter: UK High Commissioner

PTI   NEW DELHI British High Commissioner to India Dominic Asquith said Wednesday that extradition of economic offenders to India from London is a judicial matter and the courts would address that. Fugitive liquor baron Vijay Mallya, who is wanted in India for Kingfisher Airlines’ default on loans worth nearly Rs 9,000 crore, has been in the UK since March ... Read More »

Weak macro indicators expose India to trade war risks: report

PTI   MUMBAI Weak macro economic indicators like current account deficit and inflation have exposed India to adverse global macro developments such as US monetary policy trajectory and trade war risks, says a report. According to Singapore’s banking group DBS, while India’s foreign reserves are at a record high, just as growth gathers momentum, optimism has been dented by widening ... Read More »

Of protectionism and trade wars

Dr D M Deshpande The US President has announced a new round of initiatives that will create trade barriers, ostensibly aimed at China. The fear is that the measures contemplated may also result in some collateral damage to other nations including India. The ripple effects of the developments could be felt on capital markets all over the world, India being no ... Read More »

Housing federation hands over dividend cheque

 The Goa State Co-Operative Housing Finance and Federation Ltd handed over dividend cheque for Rs 10,99,760  and Rs 8,28,500 towards refund of government  share capital to W Murthy, Secretary Cooperation by the registrar of Cooperative Societies along with chairman CA R Pikale and other directors of the federation. The federation has declared 8 per cent dividend to its share holders for the ... Read More »

Idea-Vodafone merger in final stages of approval: telecom secretary

IANS   NEW DELHI The merger between telecom majors Idea Cellular and Vodafone India is in the final stages of approval, Telecom Secretary Aruna Sundararajan said on Tuesday. “The Idea-Vodafone merger is in the final stages of approval. Because they have got the NCLT (National Company Law Tribunal) and Sebi (Securities and Exchange Board of India) clearances, but there are ... Read More »

Rs 8,297.77-cr demand notices slapped on Coal India firm

IANS   KOLKATA Coal India on Monday said that demand notices amounting to Rs 8,297.77 crore were received for 17 projects of its subsidiary firm, Mahanadi Coalfields Ltd (MCL), for production beyond approved limits for the period between 2000-01 and 2010-11. The miner’s subsidiary has already pleaded for exclusion from the demand on “valid legal grounds”. “Demand notices totalling to ... Read More »

Govt begins process of selling enemy properties; issues guidelines

PTI NEW DELHI In a bid enrich its coffers by about Rs 1 lakh crore, the government has started the process of monetisation of more than 9,400 enemy properties by issuing guidelines and directing the office of the custodian to submit a list of all such movable and immovable assets within three months, officials said. The Ministry of Home Affairs ... Read More »

Will borrow Rs 2.88 lakh cr in FY19’s first half: govt

IANS   NEW DELHI Expressing its intent to borrow less compared to the budgeted amount, the Central government on Monday said it will borrow only Rs 2.88 lakh crore through its benchmark bond scheme in the first half (H1) of FY19. “This makes 47.5 per cent of the total budgeted amount as against 60-65 per cent share in this period ... Read More »