MFI industry seeks more refinance from DFIs in budget
Many of 200-odd MFIs operating in the country work as BCs for the banks for credit disbursements for which an 18 per cent GST is levied on overall borrowing by beneficiaries, said P Satish, executive director of Sa-Dhan, an association of MFIs.
Arab Health 2020 brings together the medical technology industry and medical practitioners in Dubai
The 45th edition of Arab Health, the Midd...
Oil industry in Davos: torn between Greta Thunberg and Donald Trump
How energy companies navigate this maze could determine the winners and l...
Appliances, consumer electronics industry seeks tax relief, incentives in upcoming Budget
Manufacturers of appliances and consumer electronics are seeking lower taxes on eco-friendly and energy-efficient products, more incentives for domestic manufacturing and waiving of customs duty on inputs imported to make the components in the upcoming Union Budget.
Share market update: Consumer Durables shares trade higher; VIP Industries up 1%
The S&P BSE Consumer Durables index was trading 0.21 per cent up at 26,407.43.
Jefferies maintains buy on Supreme Industries, raises target price to Rs 1,530
The brokerage has raised FY20 EPS estimate by around 3%.
Share market update: Mining stocks slip; NMDC down over 3%
The NSE Nifty50 index was trading 79.20 points down at 12169.05.
China now world's second biggest weapons producer: researchers
A report by the Stockholm International Peace Research Institute (SIPRI) has hinted on China being world's second largest producer of munitions. The report notes however that the lack of transparency remains an "important caveat" when studying the Chinese arms industry.
Surveillance tech firms cash in as govt agencies have a look in
Central and state governments across the country have started using surveillance recognition technology to identify criminals, missing persons and dead bodies. Some states are even using software tools to mine data on social media to check for potential threats to law and order.
Govt may consider import duty cut on raw material for fertiliser industry in Budget
The government may consider cut in import duty on raw material used in the fertiliser industry in the forthcoming budget with a view to boost domestic manufacturing in the country.
India's chemical makers may gain from China virus scare
This month’s reduction in the U.S.-China trade tensions has improved the outlook for profit margins and exports at Indian manufacturers after a tepid 2019, the analysts said.
Piyush Goyal asks traders to promote swadeshi, suggests retailer database
"If traders start using swadeshi (indigenous) goods, sell swadeshi products and promote those items, the economic growth will boom...no one can stop us from growing at 7, 8, and 9 % and double digits," Goyal said while addressing members of the Confederation of All India Traders (CAIT).
Budget: Life insurance industry expects govt to make annuities tax free, widen section 80C
The tax burden on the individual is too high when considering an essential product like life insurance and reduces their ability to have the right coverage.
Jewar airport: Land for phase one acquired; villagers clash with officials, SDM hurt
By transferring the final parcel of land to the Yamuna Expressway Authority, the Gautam Buddh Nagar administration has completed the acquisition process for the first phase of Jewar airport, the officials said. The administration acquired around 18 hectares of land, 11 from Dayanatpur and seven from Rohi, completing acquisition of 1,334 hectare of land.
Slash GST on Auto LPG, address policy issues stalling growth: Industry body to FM
LPG used as fuel in automobiles or Auto LPG, which is among the cleanest alternative fuels with a Global Warming Potential of 'zero' is currently taxed at 18 per cent GST. Also, the GST rates on Auto LPG/CNG conversion kits stand at a prohibitive 2 per cent, IAC said. High GST rates on clean fuels and conversions kits are in complete variance to the government's stated green mobility push, it said in a statement.
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