The joint forum of trade unions of the tea industry in north Bengal on Saturday called for a two-day industrial strike from Monday (June 12), demanding implementation of minimum wage among other things.
11/06/2017 10:53:32 AM
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Auto makers have asked the government to reduce GST rate on hybrid vehicles to 18 per cent, saying clubbing the eco-friendly automobiles with big luxury models is "incomprehensible".
As part of auto industry's representation to the GST Council, which will meet on June 11, automobile manufacturers have asked the government not to levy any cess on hybrid vehicles.
The textile industry has said it is worried over Government's decision to impose 18 per cent GST on manmade fibre as the levy will dent the margins of firms manufacturing synthetic yarn and could lead to job losses.
The industry is also uneasy about the effect on jobs like weaving, knitting, cutting and packaging, which it fears could hurt the small units badly. Manmade fibre fabr
State Bank of India (SBI) said it has not cancelled unused line of credit to debt-laden telecom sector amid reports of tightening of screw by lenders, reported PTI. RBI recently asked banks to immediately review their exposure to the telecom sector, which has total debt of about Rs 4.6 lakh crore, and make higher provisions to firewall their business against any future stress.
Moody's Investors Service has said that weak capitalization levels will remain a key credit weakness for Indian public-sector banks, particularly in the context of the increasing requirements for equity under Basel III, and the limited ability of the banks to raise external capital.
Moody's Indian affiliate, ICRA Limited, says that the asset quality outlook for the Indian bank
Moody's Investors Service, a global rating agency, has said that its stable outlook for non-financial corporates in India over the next 12-18 months reflects in large part the country's sustained economic growth.
Moody's Indian affiliate, ICRA Limited, says a revival in consumption demand, lower input costs and structural reforms will support a gradual recovery in the corp
Internet users in the country will double by 2021 to 829 million users from 373 million users in 2016, driven by digital transformation, said the recent report according to the PTI. This means roughly 59 per cent of the Indian population will use the internet. Also, there would be two billion networked devices in 2021 up from 1.4 billion in 2016.
Overall IP traffic is expected to grow
The government proposes to make it mandatory for Indian air travellers to provide a unique identification (UID) like Aadhaar, passport or PAN card at the time of booking tickets, Civil Aviation Minister Jayant Sinha said, while announcing the launch of the digital travel experience initiative - Digiyatra - for fliers.
"It is being proposed, for implementing after a period of 90 t
By Vivek Mishra
Inflation in India is expected to have cooled to a new record low in May, a Reuters poll found, which could add pressure on the Reserve Bank of India to cut interest rates later in the year.
The consumer price index likely rose 2.60 percent in May from a year earlier, dipping from 2.99 percent in April, due to a fall in the cost of pulses, cereals and p
Domestic passenger vehicle sales grew 8.63 per cent to 2,51,642 units in May from 2,31,640 units in the same month last year. Car sales were up 4.8 per cent at 1,66,630 units as against 1,58,996 units in May last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Motorcycle sales last month rose 7.72 per cent to 10,60,746 units from 9,84,715 uni
The Indian Government has said that it is planning to have an analytics tool that will provide future airfare trends in a transparent manner for passengers.
As per reports, the proposal is part of the Civil Aviation Ministry's efforts to ensure paperless and seamless air travel for the Indian aviation market, which is projected to be the world's third largest by 2022.
Rail Officials have said that the Railway Ministry's Twitter handle @RailMinIndia, which boasts of 2.7 million followers, has become an effective tool to redress passenger grievances, and acts upon 3,000 complaints daily.
Commenting on the issue, a senior Railway Board official told the media, “Also, the social media platform has become a contact point between the Railways a
Low cost Internet based transactions and business efficiency due to technology advancements are expected to kill physical banks in next 5-6 years, NITI Aayog CEO Amitabh Kant said as per the PTI report.
"My view is in next 5-6 years you will see death of physical banks. It will be very difficult for physical banks to survive because the cost of physical banks will be so enormous.
Minister of Railways Suresh Prabhakar Prabhu on Thursday inaugurated Indian Railways' first human resources round table conference. On the occasion, Suresh Prabhu said that Railway is a large organization and for every big organization, it is necessary to revisit the basic issues, introspect them and bring a change to be competitive, versatile & efficient. People in the organization has
India's coal imports in May declined by 6 per cent to 18.15 million tonne (MT), year-on- year due to lacklustre demand from the power sector and sufficient supply of domestic fuel.
"Coal import (all type of coals) in May 2017 stood at 18.15 MT (provisional), against 19.38 MT in May 2016," according to mjunction services, an online procurement and sales platform floated j
Equity mutual funds saw an inflow of Rs 10,790 crore in May, making it the highest in nearly two years, underpinned by investor optimism and steps taken by fund houses to create awareness about MFs.
This also marks the 14th straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016. The strong inflows have pushed th
The Indian Railways has undertaken a multi-pronged approach to save about Rs 1,500 crore in the procurement of high-value goods, including diesel, in the current fiscal.
The railways procures material worth more than Rs 50,000 crore annually to cater to the needs for production and maintenance of rolling stocks, signalling, tracks and fuel. Aiming at significant savings in procurement
The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the 4 laning of Pandoh bypass to Takoli section of National Highway (NH)-21 in Himachal Pradesh (HP).
The Ministry of Road Transport & Highways said in a statement that, “The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has approved the four laning of Pandoh Byp
Traders and retailers can file declarations within 90 days claiming tax credit for transition stock after the GST rolls out from July 1. The draft transition rules for the Goods and Services Tax (GST) regime had pegged the time at 60 days.
The transition rules approved by the GST Council provides that "every registered person entitled to take credit of input tax shall, within 90