Jaitley hits back at naysayers

Tuesday, 19 Jun 2018 | PTI | New Delhi

Hitting back at naysayers, Union Minister Arun Jaitley said today that 7.7 per cent growth in the March quarter has “firmly” established India as the fastest growing major economy and the future looks much brighter than the past. He also dismissed former Finance Minister P Chidambaram’s advice to cut tax on...

Business Corner

Tuesday, 19 Jun 2018 | PNS

SCOPE-ILO Collaborative Study Standing Conference of Public Enterprises (SCOPE) in collaboration with International Labour Organisation (ILO) conducted a first of its kind study on ‘Women in Leadership and Management in Public Sector Enterprises (PSEs)’. The finding and recommendations of the study were presented with a number of top management...

Hints at no cut in excise on oil, asks citizens to pay taxes honestly

Tuesday, 19 Jun 2018 | PTI | New Delhi

Union Minister Arun Jaitley on Monday urged citizens to pay their due share of taxes “honestly” to reduce dependence on oil as a revenue source, and virtually ruled out any cut in excise duty on petrol and diesel saying it could prove to be counter-productive. While salaried class pay their due...

Govt plans to list railway PSUs RVNL, IRFC in Jul-Sep qtr

Tuesday, 19 Jun 2018 | PTI | New Delhi

The Government is planning to list two of its railway PSUs - RVNL and IRFC - in the July-September quarter, a senior official said on Monday. The Government is launching the initial public offering (IPO) of railway consultancy firm RITES on June 20 and has fixed a price band of Rs...

Indian equities slide as US-China trade war intensifies

Tuesday, 19 Jun 2018 | PTI | Mumbai

Indian benchmark equity indices ended lower on Monday mainly due to sell-offs in metal, bank and IT counters as investors turned cautious over escalation of trade tariff spat between the US and China. The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85,...

Au Small Finance sells 5% stake to Temasek for Rs 1,000 crore

Tuesday, 19 Jun 2018 | PTI | Mumbai

Singaporean sovereign wealth fund Temasek Holdings on Monday picked up 5 per cent equity in AU Small Finance Bank for a consideration of Rs 1,000 crore, making it one of largest primary capital infusions into the bank. Temasek joins other marquee investors like IFC, Warburg Pincus, Chrys Capital and Kedaara Capital...

Excise duty cut in oil to impact fiscal deficit badly: Moody’s

Monday, 18 Jun 2018 | PTI | New Delhi

Rating agency Moody’s has sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is matched by a commensurate cut in expenditure. Pressure has been mounting on the Government to cut excise duty on petrol and diesel to bring...

Retail inflation to cool off in 2nd half of FY ’19: Experts

Monday, 18 Jun 2018 | PTI | New Delhi

Retail inflation is expected to edge up further but will cool off in the second half of the ongoing financial year 2018-19, experts say. According to global brokerage majors like Bank of America Merrill Lynch (BofAML), Deutsche Bank and UBS, further rise in CPI inflation would be owing to negative base...

NSE hopeful of consolidating offshore business in GIFT city

Monday, 18 Jun 2018 | PTI | Kolkata

The National Stock Exchange (NSE) is hopeful of consolidating trading volume at its subsidiary NSE IFSC Exchange in Gujarat’s GIFT City in the long term even as it awaits the outcome of offshore derivative tussle with the Singapore Exchange, a top official has said. “We have received Commodities Futures Trading Commission...

NABARD to lend Rs 21,000 cr to MP in current fiscal

Monday, 18 Jun 2018 | PTI | Mandsaur (MP)

A senior official of National Bank For Agriculture And Rural Development (NABARD) on Sunday said that NABARD would give Rs 21,000 crore to the Madhya Pradesh Government in the current financial year. NABARD’s Chief General Manager SK Bansal said, “NABARD’s NPAs are zero. It is the only institution in the country...


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‘Assault’ on police driver: Action against Kerala ADGP

17 Jun 2018 | VR Jayaraj | Kochi

In a swift move intended at stemming the protests brewing in the State police force against certain top officials’ ‘feudalistic’ practice of persecuting policemen and camp followers by using them as house servants, the Kerala Government on Saturday removed ADGP Sudesh Kumar, whose daughter was the other day booked for assaulting and verbally abusing his official police driver, from the position of head of the Armed Police Battalion. The action against...

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23 Jun 2018 | PNS | Kochi

MCD still waiting for HC order on encroachment Dehradun: Days after the High Court ordered the officials to remove encroachment from different areas of Dehradun like markets, streets and footpaths in four weeks, the officials concerned said on Friday that they were still waiting for the order to come. They, however, assured that they would execute the order once they get a copy and read it thoroughly...

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