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 consists of an... Read more »
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 growth, a Reuters... Read more »
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 to avoid stepping... Read more »
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 Standard. Sectors like... Read more »
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 Rs 99,939 crore.... Read more »
The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 138.7 in May 2019,... Read more »
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 analysis of financial... Read more »
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 too high, Mint reported, citing... Read more »
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 monthly survey said... Read more »
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. After announcing its... Read more »