Diamond industry revenue to drop: Report
Inatural diamond polishing industry is likely to witness a 25-27 per cent decline in revenue to a decadal-low of USD 12 billion this fiscal on lower demand in key markets and a shift in preference to consumer lab-grown diamonds, according to a report released on Wednesday. The decline in revenue is...
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India reports record foodgrain production at 3322.98 LMT
26 September 2024 | Pioneer News Service -
Jan Vishwas bill 2.0 to decriminalise minor offences, says Piyush Goyal
26 September 2024 | PTI -
Jan Vishwas bill 2.0 to decriminalise minor offences possible in budget session next year: Goyal
25 September 2024 | PTI -
ADB retains India's growth forecast at 7 pc; govt spending, agriculture to boost economy
25 September 2024 | PTI -
SBI predicts private capex uptick in second half of FY25
25 September 2024 | PTI -
Inbrief
25 September 2024 | Agencies -
S&P maintains Indian growth forecast, predicts rate cuts
25 September 2024 | PTI
SEBI simplifies registration of certain FPI categories
To ease onboarding for FPIs and reduce duplication of information, Sebi on Tuesday proposed an abridged version of Common Application Form (CAF) that only requires information unique to the applicant. Further, the rest of the information will be auto-filled from the depository’s records or certain fields will be disabled if not...
Slower deposit growth forces banks to raise Rs 1.3 lakh crore from bonds in FY25: Report
Slower deposit growth pushing banks to raise funds from bonds: Icra report The slower deposit growth will push banks to mop-up up to Rs 1.3 lakh crore from bond issuances in FY25, a report said on Tuesday. The bond issuances, coming amidst a continuing wedge between deposit and credit growth, will come...
FIEO urges Government to extend interest subvention scheme for five years
Apex exporters body FIEO on Tuesday urged the government to extend the interest subvention scheme for five years to help increase credit flow in the sector in order to boost the country’s shipments, which registered a steepest decline in 13-month falling 9.3 per cent in August to USD 34.71 billion. Earlier...
Piyush Goyal urges realtors to ensure guaranteed ESIC, PF registrations for seven million workers
Union Commerce and Industry Minister Piyush Goyal on Tuesday asked the real estate industry to provide guaranteed ESIC and provident fund registrations for 7 crore people working in this sector, besides adopting new form of construction process for fast project execution with less pollution. Addressing an event organised by realtors’ apex...
President Murmu calls for timely audit of public finance
Underscoring the importance of timelines in auditing public finance, President Droupadi Murmu on Tuesday said if a wrong is pointed out well within time, it can be corrected and help save huge amount of public money. She emphasised the need for audit bodies keeping pace with technological evolution in order to...
Mahindra in talks to acquire 50 per cent in Skoda-Volkswagen India
Indian conglomerate, Mahindra and Mahindra (M&M) is in advanced negotiations with Skoda Auto Volkswagen India Private Limited (SAVWIPL) according to a report in Autocar Professional. According to the report, it is believed that M&M is to acquire a 50 percent stake in SAVWIPL for a consideration of US$ 1 billion...
Fake registration drive: GST officers detect 10,700 bogus firms, over Rs 10k cr evasion
Tax officers have detected around 10,700 fake registrations under the GST, involving evasion of Rs 10,179 crore in the ongoing all-India drive against fake companies set up to defraud the exchequer, a senior official said on Tuesday. Central Board of Indirect Taxes and Customs (CBIC) member Shashank Priya said Aadhaar authentication...
