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PwC's Ranen Banerjee on Budget expectations for MSMEs and more

Mon, 01/24/2022 - 22:00
Ranen Banerjee of PwC India shares his views with Business Standard's Krishna Veera Vanamali on what he expects from the upcoming Budget for the MSMEs and what the govt can do to boost demand

December crude oil imports at one-year peak amid strong demand prospects

Mon, 01/24/2022 - 21:11
Asia's third-biggest economy imports and exports refined fuels as it holds surplus refining capacity

Govt tweaks spending norms for Contingency Fund of India

Mon, 01/24/2022 - 15:38
The fund is held by the Department of Economic Affairs on behalf of the President of India and it can be operated by executive action

No dual control on mobile device makers by DoT: Ashwini Vaishnaw

Mon, 01/24/2022 - 14:39
Move to bring the curtains down on the battle between mobile makers and DoT

Make 'vocal for local' a national movement: Goyal tells girl innovators

Mon, 01/24/2022 - 12:20
Piyush Goyal told girl innovators to make 'vocal for local' a national movement and become ambassadors for quality to further promote entrepreneurship in the country.

Biz activity dips to pre-pandemic levels amid third Covid wave: Report

Mon, 01/24/2022 - 12:11
The ongoing third wave of the coronvirus pandemic has dragged business activity almost back to the pre-pandemic levels, a weekly report tracking the changes said

Taxation of ULIP proceeds to create level-playing field with MFs: I-T dept

Mon, 01/24/2022 - 11:12
Proceeds of high-premium Unit Linked Insurance Plans (ULIPs) has been made taxable to create a "level-playing field" with mutual funds, official sources said

Reserve Bank of India imposes penalties on 8 cooperative banks

Mon, 01/24/2022 - 11:05
The RBI said penalties have been imposed for deficiencies in regulatory compliances

Engineering exports up 54% to $82 bn in Apr-Dec: Commerce ministry

Mon, 01/24/2022 - 09:09
India's top five export destinations for engineering goods include the US, China, the UAE, Italy and Germany

Cotton spinners likely to report double-digit growth in revenues in FY22

Mon, 01/24/2022 - 08:08
Indian cotton spinners are likely to report double-digit revenue growth and all-time high profits in 2021-22, mainly driven by high demand and realisations, according to a report.

India's fuel demand will continue to recover through this quarter: Fitch

Mon, 01/24/2022 - 07:38
India's fuel demand will continue to recover through the current quarter as the easing of Covid-19 pandemic-related restrictions boosts economic activity, Fitch Ratings said on Monday

Bombay HC issues notices to Centre, Maharashtra over blocking of ITC

Mon, 01/24/2022 - 06:54
The petitioner, which is engaged in renting and leasing movable and immovable properties, challenged section 17(5)(c) of Central GST Act and the same section in the Maharashtra GST Act

Telecom dept will not interfere in mobile manufacturing: Vaishnaw

Mon, 01/24/2022 - 06:52
Communications and IT Minister Ashwani Vaishnaw on Monday said the telecom department will not interfere in matters related to mobile phone manufacturing.

Positive sentiment score in real estate hit record high in Dec qtr: Report

Mon, 01/24/2022 - 04:53
The sentiment index score for India's real estate sector remained positive and touched an all-time high during October-December quarter

Air India likely to be handed over to Tata Group by weekend: Report

Mon, 01/24/2022 - 04:40
The government had on Oct 8 last year sold Air India to Talace Private Limited -- a subsidiary of the Tata Group's holding company -- for Rs 18,000 cr

RBI to conduct overnight variable repo rate auction of Rs 75,000 cr today

Mon, 01/24/2022 - 03:30
The Reserve Bank of India on Monday said it will be conducting an overnight variable rate repo auction under liquidity adjustment facility (LAF) for an amount of Rs 75,000 crore today.

Electronics production in India to reach $300 bn by 2026: Report

Mon, 01/24/2022 - 03:16
Electronics production in the country is expected to reach USD 300 billion by 2026, industry body ICEA said in a report on Monday. The National Policy on Electronics (NPE) 2019 had set a target of achieving a turnover of USD 400 billion by 2025. However, the industry will be unable to achieve the target set by NPE 2019, due to the adverse impact of COVID-19 pandemic on the sector, the report said, adding that "the COVID-19 pandemic brought with it unforeseen and unprecedented challenges." "The NPE 2019 targets for electronics production in 2025-26 at USD 300 billion appears to be more realistic considering the disruption on account of COVID-19 in the past 18 months which has been aggravated with the new variants of the COVID-19 virus such as Omicron," the report said. The India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo while sharing the details of the report said that the reduced target still aims for a 400 per cent increase from the current level, which

India's addiction to expensive cooking oil imports seen lasting for 15 yrs

Mon, 01/24/2022 - 01:19
Consumption is expected to climb in India by as much as 17% over the next four years

Indian digital infra needs investment of up to $23 bn by 2025: Report

Sun, 01/23/2022 - 23:53
As many as 330 million people will be using 5G and sectors like e-commerce, education, healthcare will grow their presence online: Report

In the pink of health: Healthcare sector expected to reach $372 bn in 2022

Sun, 01/23/2022 - 11:57
Government plans to increase public health spend to 2.5% of GDP by 2025

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