Shipping Ministry sets up GST cells, conducts workshop

To facilitate a smooth transition to the GST regime, the Ministry of Shipping has constituted GST cells and conducted a workshop to sensitise all constituents of the maritime fraternity, reported PTI. Chairing the workshop, Secretary Shipping, Rajive Kumar said it was the endeavour of the ministry to try and communicate the efforts of the government to the maritime fraternity, and at the same t

Government to unveil no-fly list norms early next month: Reports

The Indian Government has said that the norms for the no-fly list to restraint unruly passengers are expected to be ready early next month. Recently, a parliamentarian was barred by domestic airlines for allegedly creating commotion. As per reports, the civil aviation ministry has already come out with draft rules for a 'national no-fly list' of unruly passengers for all domestic carrie

India`s mineral output rises 4.2% in April

The index of mineral production of mining and quarrying sector for the month of April at new base Series (2011-12=100) rose by 4.2 per cent year-on-year to 99.9, helped by strong growth in coal, petroleum and iron ore, showed a government data released on Friday. “The total value of mineral production (excluding atomic & minor minerals) in the country during April 2017 was Rs.

Shortage of 3 lakh yoga instructors in India: Assocham

 At present, India is facing a shortage of about 3 lakh yoga instructors as against the requirement of over 5 lakh yoga practitioners, a study done by Assocham said here on Monday.

With the International Yoga Day giving a further impetus to its popularity, yoga is increasingly becoming the ‘new currency for fitness', said the study that was released coinciding with the

Brics Foreign Ministers meet, India raises terrorism issue

 India on Monday said Brics needs to cooperate on counter-terrorism as the Foreign Ministers meet of the five-member bloc began here.

China has said the issue of terrorism would be discussed candidly at the meet of the five major emerging national economies: Brazil, Russia, India, China and South Africa, as New Delhi seemed poised to raise the issue of branding Pakistani militant

90% Jio users opted for Prime, 76% ready to continue: Report

According to a report by Bank of America Merill Lynch, around 90 per cent of Reliance Jio users are estimated to have subscribed to its promotional Prime membership plan, whereas 76 per cent are ready to continue using Jio's service once the promotional period ends.

"80 per cent of users have only one Jio SIM...90 per cent are Prime members, 84 per cent claim to have paid Jio

Railways to provide continuous net connectivity on main routes

The Indian Government has said that rail passengers can soon use uninterrupted Internet connectivity with the Railways all set to provide main trunk routes with high speed mobile communication system. As per reports, this will also help in real-time monitoring of assets besides ensuring direct communication between gangmen and loco pilots and station masters on condition of tracks. Currently, t

Coal workers unions defer strike for three months

 Following a "positive meeting" with Union Labour Department and Coal India officials, the central trade unions operating in the coal industry on Sunday deferred their proposed three-day strike, supposed to commence from Monday, for three months.

"In view of the positive discussion, the proposed three-day nationwide strike from June 19-21, 2017 has been deferred fo

Kochi-Mangaluru pipeline to be completed by next year : Ananth Kumar

Union Chemicals and Fertilisers Minister Ananth Kumar on Sunday said laying of a natural gas pipeline from Kerala's Kochi to Mangaluru will be completed by next year.

"I have discussed with Union Petroleum and Natural Gas Dharmendra Pradhan the progress of laying natural gas pipeline. He assured me that the work will be completef by next year," he told reporters after in

Russian oil major Rosneft to tap Indian retail fuel market : Dharmendra Pradhan

Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Sunday said the Russian oil major Rosneft plans to tap the retail fuel market in India in a big way.

"The Russian oil major who took over Essar Oil recently is planning in a big way to make inroads into India's retail fuel market," Pradhan told reporters after attending the City Gas Distribution (CGD) project

Engage realtors to pass GST benefit to buyers: Finance Minister to HUPA

The finance ministry has asked the housing and urban poverty alleviation (HUPA) ministry to sensitise states and the real estate regulator to hold consultations with developers to pass on benefits of GST to home buyers.

The tax department and states have received complaints that those who have booked flats and made part payment are being asked to make entire payment before July 1, 201

AIBOC asks government to expedite appointments on PSB boards

A bank officers' union has asked the government to urgently appoint officer and workmen nominee directors on the boards of public sector banks, reported PTI. "Despite our best and continuous efforts the government is silent on the issue (of appointment of officers and workmen directors) even when Banking Regulation Act mandates for it," All India Bank officers' Confederation (

Trade partners worried over cash flow in run up to GST: Industry

Consumer durables makers say the run up to GST implementation has caused 'discomfort' among their trade partners who are busy clearing old stock to avoid losses before the new indirect tax regime kicks in next month, reported PTI.

The manufacturers expect normalisation of operations to take at least 2-3 months after the GST implementation. "GST has caused a sense of disco

Industry prepared for GST rollout from July 1: CII

As the GST Council meets here to finalise issues before the Goods and Services Tax is implemented from July 1, industry lobby CII said on Sunday that Indian industry is ready for the rollout of the pan-India indirect tax regime.

"GST is the most significant indirect tax reform introduced in the country since Independence," Confederation of Indian Industry (CII) Director

India's unemployment rate falling, says Labour Minister

 Amid the raging debate on jobless growth in India, Union Labour Minister Bandaru Dattatreya said on Saturday that the rate of unemployment is going down in India.

Talking to reporters here, Dattatreya said his ministry would soon share with the public the data on unemployment.

The minister's remarks came even as the NDA government faced severe criticism f

India`s Forex reserves slip by over $11 mn

 India's foreign exchange (Forex) reserves marginally decreased by over $11 million as on June 9, 2017.

The Reserve Bank of India's (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves declined to $381.156 billion from $381.167 billion reported for the week ended June 2.

India's Forex reserves comprise of foreign curr

Northeastern industry body seeks clarity on GST

 A northeastern business chamber on Friday urged the Central government to frame a focused and favourable industrial policy for the region and sought greater clarity on how the central excise duty refund, currently eligible for industries set up under a regional policy, would continue under the GST regime.

The Federation of Industry and Commerce of North Eastern Region (FINER) Pr

Farmers form umbrella body for nationwide stir for debt waiver

To highlight the miserable condition of peasants across the country, a large body of farmers from various associations on Friday came under a single banner here and announced a countrywide agitation, which will start from Mandsaur in Madhya Pradesh and culminate in Champaran in Bihar.

The farmers, coming under the banner of All India Kisan Sangharsh Coordination Committee, will start

Aadhaar becomes must for all bank accounts

 The government has made it mandatory to give Aadhaar number while opening a new account and also to link the existing accounts with the Aadhaar numbers of their holders. Not disclosing it by December 31 will lead to suspension of the account till it is done.

The government move comes close on the heels of the decision last week that all income tax assessees should link their Aad

India to focus on domestic steel consumption: Minister

 With India targeting a 300 million tonnes a year steel production capacity by 2030-31, Union Steel Minister Chaudhary Birender Singh on Friday said the focus would be on domestic consumption and making the sector globally competitive.

Singh said his ministry has identified construction and manufacturing sectors like rural development, urban infrastructure, roads and highways, an

Improve interconnect rate and reduce spectrum usage charge: Telecom

Concern over low interconnection usage charges, high spectrum usage fee and doing away with Universal Service Obligation Fund were the main issues that telecom operators highlighted to the inter-ministerial group (IMG) on Friday.

"We have presented the current state of industry, which has reported a loss of H2 (second half of year) versus H1 (first half) of 10 per cent reven

India to host AIIB's 3rd annual meeting in 2018

India will host the third annual meeting of the China-initiated Asian Infrastructure Investment Bank (AIIB) in 2018, the bank said on Friday.

According to the AIIB press release, the third annual meeting of the AIIB's board of governors will be held in Mumbai, India, in June 2018. India is AIIB's second-largest shareholder, Xinhua news agency reported.

"We appre

Indian steel sector poised to become 3rd largest producer in world: Minister

India being one of the fastest growing economies in the world, and steel finding its extensive application in areas like construction, infrastructure, power, aerospace, industrial machinery and consumer products, the sector is poised to become second largest producer putting Indian steel prominently on the map of the global industry, says Chaudhary Birender Singh, the Union Minister of Steel.

Civil Aviation Ministry ready for GST from July 01: Jayant Sinha

Minister of State for Civil Aviation Jayant Sinha has expressed his readiness for GST from July 1 even as the ministry has sought deferment of the new tax regime. As per reports, the minister also emphasised that preparedness for implementation of the Goods and Services Tax (GST) has been discussed with all aviation stakeholders and that concerns were satisfactorily addressed. Commenting on the

PSUs may need over Rs 10K-cr infusion for bad loans:S.S Mundra

Public sector banks may require more than Rs 10,000 crore capital infusion from the government than budgeted for the current fiscal on account of higher provisioning for bad loans and haircut on stressed assets, said the RBI Deputy Governor S S Mundra. "I think the finance minister has always been mentioning if there is a need we will find resources," he said on the sidelines of an ev