SC to hear petition to end write-offs
A petition has been filed in the Supreme Court to restrain banks from writing off non-performing assets(NPAs) and governments from waiving off farm loans. The petitioner has said that Supreme …
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IT dept. proposes new norms for taxing MNCs
The Central Board of Direct Taxes(CBDT) appointed committee has proposed a change in the methodology for taxing multinational companies(MNCs),including digital firms having permanent establishment in India. Earlier,CBDT had set up …
Read MoreChina’s GDP grows at 6.4% in Q1,defies expectations slowdown
China’s economy grew at a steady rate of 6.4% in the first quarter.The improvement in growth is due to (a)industrial production jumped sharply and (b)consumer demand showed signs of improvement. …
Read MoreBSNL starts work on 5G
The management of Bharat Sanchar Nigam Limited (BSNL) has said that it has started work on 5G roll-out. The BSNL has however, not yet received approval for the 4G spectrum. …
Read MoreExport of cotton textiles to China on the rise: Texprocil
According to Cotton Textile Export Promotion Council(Texprocil),exports of cotton textiles to China has been on the rise. Texprocil has said that the robust export of cotton textiles to China has …
Read MoreGovt targets Rs 50,000-crore of public procurement through GeM in FY20
India’s public procurement portal Government e-marketplace (GeM) has witnessed a multifold increase in transactions in a single year.The commerce ministry has set a target of Rs 50,000 crore in 2019-20, …
Read MorePublic sector enterprises to get 12 months to sell non core assets
Central Public Sector Enterprises(CPSEs) has been given 12 months to monetise non-core assets failing which the finance ministry may restrict budgetary allocations to the companies.Non-core assets are assets that are …
Read MoreExports outpace imports at 11% in March
According to data released by the commerce and Industry ministry, India’s trade deficit has reduced to $10.89 billion in March,2019 due to rise in exports. The exports has increased by …
Read MoreWPI inflation spikes to 3.18% in March on costlier food, fuel
The Wholesale price inflation has increased to 3.18% in March,2019.The rise has been attributed to high food and fuel prices. Wholesale Price Inflation tracks changes in the price of goods …
Read MoreIndia shifts to net steel importer in 2018-19 fiscal
India has emerged as a net importer of steel for the first time in three years during fiscal year 2019.It became a net importer despite being the second largest steel …
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