FinMin to seek Cabinet nod for setting up company
The Finance Ministry will soon move the Cabinet to seek approval for setting up a company for transfer and subsequent monetisation of land and non-core assets of privatisation-bound CPSEs, an official said. A special purpose vehicle (SPV) in the form of a company would be set up by Finance Minister Nirmala...
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Power consumption up 3% at 57.22 billion units in Oct
18 October 2021 | PTI -
Improved affordability of residential assets, lowest-ever interest rate pushing home loan demand
18 October 2021 | PTI -
India will launch industry-led policies in space sector: ISRO chief
18 October 2021 | IANS -
Gold ETFs attract Rs 446-crore in Sept
18 October 2021 | PTI -
India’s coal import drops in Aug despite higher fuel demand from power sector
18 October 2021 | PTI -
FPIs turn net sellers in capital markets; pull out Rs 1,472 cr
18 October 2021 | PTI -
‘Opportunities galore for investors and industry stakeholders’
18 October 2021 | PTI
Govt seeks applications for 20 judicial, technical members at NCLT, NCLAT
The Government has sought applications for a total of 20 positions of judicial and technical members at the National Company Law Tribunal (NCLT) as well as the appellate tribunal NCLAT. As many as 15 posts, including that of 9 judicial members and 6 technical members, are to be filled up at...
Country’s oil import bill has risen in just 5 months of FY22
The sharp economic recovery and rising demand post the second wave of Covid coupled with a spike in global oil prices may pose a challenge for the Government in FY22 to maintain fiscal discipline amid good growth in tax revenue. The country’s crude oil import bill that fell drastically last year...
FPIs turn net sellers in capital markets in Oct so far, pull out net Rs 1,472 cr
Foreign portfolio investors (FPI) have turned net sellers in the capital markets in October so far, reversing the trend of net investments in the previous two months, due to depreciation in the rupee and global factors, experts said. According to the depositories' data, FPIs have pulled out Rs 1,472 crore from...
Cars with lower running costs likely to gain higher traction among buyers: Report
With fuel prices going up by 35 per cent over the past 15 months thereby impacting overall vehicle running costs, cars that have higher fuel efficiency and lower maintenance costs are expected to gain higher traction among buyers in India, specially in the sub-Rs 10 lakh category, according to a...
Court order to affect working capital of companies filing GST appeals
In what may affect the working capital of taxpayers looking at filing appeals against GST claims, it had now been held that anyone seeking remedy against indirect tax decision would have to make pre-deposit amount in cash and not by debiting electronic credit ledger. Recently, the Division Bench of the Orissa...
Turkish lira hits record low after central bank policymakers sacked
Ankara: The Turkish lira has hit a new record low against the US dollar after President Recep Tayyip Erdogan dismissed three central bank members. The lira dropped nearly 1.2 per cent to 9.18 against $1 on Thursday after the currency had already weakened as much as 19 per cent this year,...
Keen to offer solutions to UAE: K'taka Minister
Karnataka being a hub of startups in India is keen to offer ground-breaking solutions to private companies and Government organisations of UAE in various sectors ranging from logistics to infrastructure, oil-and-gas to environment and waste management to healthcare C.N. Ashwath Narayan, the Minister for IT/Bt and Science Technology said in...
