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Jaitley to be back to present Budget on Feb. 1

By   /  January 21, 2019  /  Business  /  Comments Off on Jaitley to be back to present Budget on Feb. 1

New Delhi, Jan. 21 (IANS): Finance Minister Arun Jaitley, who is in the US for a medical check up, will return home on Friday, well ahead of the Budget presentation on February 1, official sources said. “The Finance Minister is set to return on the evening of January 25,” said a senior official. “The interim […]

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Automated guided vehicle may cost just INR 1 lakh

By   /  January 21, 2019  /  Business  /  Comments Off on Automated guided vehicle may cost just INR 1 lakh

Dehradun, Jan. 21 (IANS): Here is good news for the micro small medium enterprise (MSME) sector in India. Under technology innovation, a move is on to bring down the price of automated guided vehicles (AGVs), which are used for moving materials in the industry, from Rs 15-20 lakh to just Rs 1 lakh. IIT Roorkee […]

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India to be global growth leader in 2019-20 — IMF

By   /  January 21, 2019  /  Business  /  Comments Off on India to be global growth leader in 2019-20 — IMF

United Nations, Jan. 21 (IANS): The International Monetary Fund’s (IMF) World Economic Outlook Update released by chief economist Gita Gopinath on Monday said that India’s economy is expected to grow by 7.5 per cent in the 2019-20 fiscal year, keeping an upward trajectory as the rest of the world slumps. India will continue to be […]

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Budget 2019: Govt. may hike agri credit target to INR 12 lakh cr.

By   /  January 20, 2019  /  Business, Top News  /  Comments Off on Budget 2019: Govt. may hike agri credit target to INR 12 lakh cr.

New Delhi, Jan. 20 (PTI): The farm credit target is likely to be raised by about 10 per cent to a record Rs 12 lakh crore in the 2019-20 Budget to be presented on February 1, according to sources. For the current fiscal, the government has set a credit target of Rs 11 lakh crore. […]

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Soon, no e-way bill if GST returns not filed for 6 months

By   /  January 20, 2019  /  Business  /  Comments Off on Soon, no e-way bill if GST returns not filed for 6 months

New Delhi, Jan. 20 (PTI): Non-filers of GST returns for 6 consecutive months will soon be barred from generating e-way bills for movement of goods. The Goods and Services Tax Network (GSTN) is developing such IT system that businesses who have not filed returns for two straight return filing cycle, which is 6 months, would […]

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India likely to surpass UK in largest economy rankings of 2019: PwC Report

By   /  January 20, 2019  /  Business  /  Comments Off on India likely to surpass UK in largest economy rankings of 2019: PwC Report

New Delhi, Jan. 20 (IANS): India and France are likely to surpass the UK in the 2019 rankings of world’s largest economies, according to the latest projections by British consultancy multinational PwC. PwC’s annual Global Economy Watch projects real GDP growth in 2019 of 7.6 per cent for India 1.6 per cent for the UK, […]

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Petrol, diesel see big price hikes on Sunday

By   /  January 20, 2019  /  Business  /  Comments Off on Petrol, diesel see big price hikes on Sunday

New Delhi, Jan. 20 (IANS): Transport fuel rates were hiked sharply on Sunday as global crude oil rates continued to climb handsomely following the implementation of output cuts by global oil producers from January 1. State-run oil marketing companies increased petrol rates by 23 paise per litre while diesel prices went up by 29-31 paise […]

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World leaders set to flock to Davos amid fears of economy sleepwalking into crisis; over 100 from India to attend

By   /  January 20, 2019  /  Business  /  Comments Off on World leaders set to flock to Davos amid fears of economy sleepwalking into crisis; over 100 from India to attend

Davos, Jan. 20 (PTI): The rich and powerful from across the globe will flock to this ski resort town on the Swiss Alps for five days beginning Monday to discuss what’s ailing the world amid fears of the global economy sleepwalking into a crisis, with more than 100 CEOs from India expected to be in […]

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Railways to upgrade 1st AC coaches of 7 trains

By   /  January 20, 2019  /  Business  /  Comments Off on Railways to upgrade 1st AC coaches of 7 trains

New Delhi, Jan. 20 (IANS): After the success of Project Utkrisht (best) and Operation Swarn (gold) to provide more premium feeling to the passengers travelling in the national transport, railways has decided to facelift the first-class air-conditioned coaches of seven mail and express trains, a Railway Ministry official said on Sunday. “The first train with […]

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Kumbh to generate INR 1.2 lakh cr. revenue: CII

By   /  January 20, 2019  /  Business  /  Comments Off on Kumbh to generate INR 1.2 lakh cr. revenue: CII

Prayagraj (UP), Jan. 20 (PTI): The mega Kumbh Mela, which began on January 15 and will continue till March 4, is expected to generate a revenue of Rs 1.2 lakh crore for Uttar Pradesh, says apex industry body Confederation of Indian Industry. Although the Kumbh Mela is spiritual and religious in nature, the economic activities […]

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