Budget 2021: Top 10 expectations from FM Sitharaman’s Union Budget

As the Indian economy is still struggling to recover from the economic aftermath of the pandemic, all eyes are on the expected big policy announcements in the upcoming Union Budget 2021, which will be tabled on 1 February 2021. Indeed, a lot of steps have already been taken by the government to minimise the financial damage […]

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Goa creates single portal for info on govt, pvt job vacancies in state

The portal is part of a number of measures announced by the state government on Friday to help the industrialists and common people in the state recover from the situation created by COVID-19 Goa Chief Minister Pramod Sawant has said that a portal has been created to provide information about the job vacancies in government and private […]

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Coronavirus effect: Maruti Suzuki’s production plummets 97.5% in May

Production of mini and compact segment cars, including Alto, new WagonR, Celerio, Ignis, Swift, Baleno and Dzire stood at 2,351 units as against 108,579 units in May last year Amidst nationwide lockdown and disrupted supply chain due to coronavirus outbreak, Maruti Suzuki India, the country’s largest car manufacturer, on Tuesday reported a slump of 97.5 per […]

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Retailers stocked enough electric fans before coronavirus lockdown, says Usha’s Rohit Mathur

As of now, only the Kerala Government has allowed the partial opening of stores selling fans for a fixed number of hours and with limited staff and in other states there are only a few district wise exemptions to open shops Thirty three days into lockdown due to the outbreak of COVID-19, the Ministry of Home Affairs (MHA) […]

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Nifty settles below 8,300, indices end at one-week lows, key things to know from today’s trade

Erasing gains from March 31, headline indices Sensex and Nifty ended over 4 per cent lower on the first day of the financial year 2020-21 led by heavy sell-off in index heavyweights. Erasing gains from March 31, headline indices Sensex and Nifty ended over 4 per cent lower on the first day of the financial […]

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Tax Parity Needed Between Cotton And Man-Made Fibres, Smriti Irani To Sitharaman

Irani has also pitched for correcting a crippling indirect tax structure in the man-made textiles segment, in which GST rates are high at the raw material stage and the ITC (input tax credit) process takes time, acceding to a long-pending request of the textile industry, sources told FE. Textile minister Smriti Irani has approached finance […]

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India needs pro-business, not pro-crony policies, says CEA Krishnamurthy Subramanian

India has some distance to go in fully shifting from pro-crony to pro-business policies, Chief Economic Adviser Krishnamurthy Subramanian said on Saturday. It will be the pro-business policies that will enable the “invisible hands of the market” and also take the country to the goal of USD 5 trillion GDP, he added. “Pro-business policies are […]

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Making Indian economy worth $5 trillion not easy, but achievable: PM Modi

Prime Minister Narendra Modi said that making Indian economy worth USD five trillion is not easy, but still is achievable. “Making Indian economy worth USD 5 trillion is not easy but is still achievable. Today, India’s economy is worth USD 3 trillion… Did you ever hear that in the country a target was set to reach USD 3 trillion […]

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Govt outlines plan to meet gems, jewellery exports worth $80 billion in 5 years

China accounts for 13% of US gold jewellery but with the ongoing US-China trade war, US has imposed higher duty on Chinese jewellery exports whereas Indian exports are still cheaper. Even As Indian gems and jewellery exports are struggling to meet the $40-billion-mark that was achieved last fiscal, the Union commerce ministry has chalked out […]

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Palm oil import: Trade body urges Piyush Goyal against duty free import from Nepal

Nepal exported 33,944 tonnes of soyaoil and 1,56,101 tonnes of palm oils during April-November of 2019-20 fiscal, as per the SEA data. Recently, the government banned import of RBD palmolien and palm oils to protect the domestic refining industry. Edible oils trade body SEA on Monday urged the government not to allow import of palm […]

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