Manufacturing PMI at 6-month low
According to Nikkei India Manufacturing Purchasing Managers’ Index (PMI) data,manufacturing activity has slowed to a six-month low of 52.6 in March due to lower levels of new orders and production. …
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RBI tweaks NPA divergence disclosure norms
The Reserve Bank of India (RBI) has said that banks should disclose Non performing assets(NPA) divergences if there is a more than 10% difference in their assessment of bad loans …
Read MoreGST revenue hits a record high in March
Goods and Services Tax (GST) collection in March rose 15.6% from a year ago to hit Rs 1.06 lakh crore.It is the highest collection since the new indirect tax system …
Read MoreCore sector growth quickens in February
According to the Government data,India’s eight core industries grew by 2.1% in February 2019.It is due to fall in output of crude oil and refinery products. The eight core sectors …
Read MoreCoronary stents to cost more
Drug price regulator,National Pharmaceutical Pricing Authority (NPPA) has approved hike in prices of coronary stents by 4.2%.It was increased after taking into consideration the inflation of the previous year. As …
Read MoreFugitive Offenders Act won’t help banks: Mallya
Fugitive businessman Vijay Mallya has told the Bombay High Court that confiscation of his properties under the newly-enacted Fugitive Economic Offenders Act (FEOA) was draconian and it will not help …
Read MoreBuyers can’t wait indefinitely for flat, says SC on 7 Year delay
The Supreme Court has upheld orders of a state consumer commission and the national consumer commission.The commission had asked the developer to refund the payment with interest to a homebuyer …
Read MoreSAT settles SEBI-broker dispute over interest calculation
The Securities Appellate Tribunal (SAT) was recently forced to calculate simple interest in a matter between the SEBI and broker Prebon Yamane(India).It was calculated after they failed to arrive at …
Read MoreGSP withdrawal by U.S. likely to affect India’s plastics exports: Plexconcil
The chairman of Plastic Export Promotion Council (Plexconcil) has said that the United States(U.S) decision to terminate India’s designation as a beneficiary country under the Generalized System of Preferences (GSP) …
Read MoreMost anti-cancer drugs costly despite price cap, says AIDAN
According to All India Drug Action Network (AIDAN),despite the Government’s decision of price capping of 42 anti-cancer drugs most cancer medicines still remain unaffordable to most Indians because there is …
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