Breaking News

B & C

EPFO may struggle to meet 8.5% interest rate commitment

The Employees’ Provident Fund Organisation (EPFO), the retirement savings manager, may fail to keep its commitment to pay an 8.5 per cent return to its 60 million subscribers in 2019-20 because of the bloodbath on the stock market sparked by investor worries over the impact of the novel coronavirus.   EPFO could not redeem a large portion of its Rs …

Read More »

Strengthen healthcare and pharma sectors to cope with Coronavirus crisis, says CII

The Confederation of Indian Industry (CII) is asking for strengthening the healthcare and pharmaceutical sectors for combating the Coronavirus crisis. “The private sector can support the government in medical facilities, pharmaceuticals and medical equipment”, said CII. CII suggested that hospitals in larger cities, and district hospitals in smaller cities and towns, should be identified or designated as COVID hospital for testing …

Read More »

Local salt production begins in state

With the summer season set to begin traditional production of common salt has begun in the state. Salt farming activity in the state is a traditional activity and carried out for several centuries, however the buyers of common salt are decreasing which is perhaps the reason for the decline in the traditional salt business.   March is the month when …

Read More »

Vedanta bags social impact award for healthcare initiative in Goa

Vedanta Sesa Goa iron ore, Value Added Business (VAB) bagged the Indian Chamber of Commerce (ICC) Social Impact Award at ICC social impact summit held in Kolkata. The award was presented by Dr Shashi Panja,  minister of state (independent charge) department of women and child development and social welfare, West Bengal, in the presence of Dr Mayank Jalan, president, ICC, …

Read More »

The coronavirus bitter pill for Goan industry

In Feb 2020 when news of coronavirus disease in Wuhan, China came to light few realized how powerful the illness would be. Today the illness is on everybody’s mind.  With fresh outbreaks across the country and surge in illness related deaths across the world coronavirus is getting bigger by the day. The economic repercussion of the dreaded infection is no …

Read More »

Government approves tax reimbursement scheme for exporters

With a view to boost the country’s dwindling outbound shipments, the government on March 13, approved a scheme for reimbursement of taxes and duties to exporters.   The decision to approve the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme was taken in a cabinet meeting chaired by Prime Minister, Narendra Modi. The scheme is expected to cost …

Read More »

‘Use technology to create a great consumer experience’

The Institute of Management and Accounts (IMA), is a worldwide association of finance and accounting professionals. Here Jeffrey Thomson, president and chief executive officer (CEO), IMA in an exclusive interview with Sudesh Bhosle, says that, he does not expect a rescission in 2020 and growth in global gross domestic product (GDP) is expected to be around three per cent as …

Read More »

Blood bath and carnage of the worst type in markets

By DM Deshpande It has been an unforgettable week for investors worldwide. Coronavirus has resulted in an unprecedented sell off that has resulted in a free fall of security prices almost all over the globe.       In India the story is no different; it started with black Monday, the first day of the week. Investors lost around Rs 6 lakh …

Read More »

Budget 2020- No Big Bang

By Tensing Rodrigues No big bang, says an expert about Budget 2020. Today let us analyse the reactions to the budget by various commentators. Let us omit the comments by politicians including previous Finance Ministers for however expert and experienced they may be they cannot speak their mind.   We begin with Nikhil Vadia, a CA who has been filing …

Read More »

SBI- Goa gets moving on the road towards digital banking

State Bank of India, Goa, flagged off Digital Yaans during the 108th State Level Bankers’ Committee (SLBC) meeting held on March 12. The flag-off of the Digital Yaans (vans) was in the presence of Parimal Roy, chief secretary, Goa, KV Haridas, deputy managing director, SBI,  Sanjay Kumar general manager, SBI, Sanjay, secretary revenue,  Nampoothri, general manager, RBI- Goa,  Kamakshi Pai, …

Read More »