SEZ Amendment Bill 2019 to give a boost to economic activities and employment

The Special Economic Zones (Amendment) Bill 2019 – which was passed by the Parliament last week allowing “trusts or any entity” to set up units in the Special Economic... Read more »

Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report

The government is working on a Rs 74,000 crore bailout package for state-run telecommunication companies Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), reported The Times of India. The scheme... Read more »

India to work on growth, is ready to borrow more says Economists

India’s government will rework the federal budget on Friday and revise its borrowing target slightly higher for this year and next, marred by a slowing economy and weak jobs... Read more »

Maharashtra rain claims 27 lives; 18 die in Mumbai wall collapse

 27 lives were lost in the rains in Maharashtra, including 18 in a wall collapse in Mumbai, while the authorities declared a holiday in Mumbai and adjoining regions, people were asked... Read more »

Government policy to ensure companies conduct water audit: Report

The government plans to create a policy to gauge the per-unit consumption of water for which companies soon have to do a water audit, according to a  report by Business... Read more »

GST collection drops below Rs 1 lakh crore in June for the first time in FY20

The GST collection dropped below the Rs 1-lakh-crore mark in the month of June 2019. The total revenue collection under the indirect tax regime for past month totaled to... Read more »

Economic activity and freight rates slows down growth in domestic freight sector: ICRA

With industrial output and consumption-driven sectors experiencing a slump during H2 FY2019, the freight demand in the country also withdrew in the last quarter of the previous fiscal. “Our... Read more »

EPFO, labour ministry could retain 8.65% interest rate for FY19, says report

The Employees Provident Fund Organisation (EPFO) and the Union labour ministry will retail the interest rate of 8.65 percent in spite the finance ministry’s concern that the rate is... Read more »

India’s manufacturing sector growth regulates in June with softer rise in orders: PMI

The Indian manufacturing sector growth moderated in June, largely owing to softer increase in new work intakes, which in turn translated into slower rises in output and employment, a... Read more »

Fund transfer via RTGS, NEFT to cost less as RBI waves off charges

Fund transfer systems RTGS and NEFT is set to become cheaper from Monday after the Reserve Bank of India decided it will not impose any charges on such transactions.... Read more »