BUSINESS

 Press Trust of india

Alcohol-based hand sanitisers to attract 18 pc GST: AAR

Alcohol-based hand sanitisers to attract 18 pc GST: AAR

New Delhi: The Authority for Advance Ruling (AAR) has said that a GST of 18 per cent will be levied on all alcohol-based hand sanitisers. Springfield India Distilleries had approached the Goa-bench of AAR to seek classification of hand sanitisers supplied by the company, and contended that the product is taxed at 12 per cent. […]

 Press Trust of india

Pvt sector capex to plunge 20-26% this fiscal: Report

Pvt sector capex to plunge 20-26% this fiscal: Report

Mumbai:  Private sector capex is set to contract by 20-26 per cent this fiscal due to COVID-19-pandemic-led business disruptions, and investments are unlikely to recover meaningfully before FY25, as per a report. Capital spending by corporates will pick up by 15-20 per cent next fiscal, boosted primarily by the low base effect, according to an […]

 Press Trust of india

‘Recent liquidity measures help reduce financing cost in corporate bond mkt to decadal low’

‘Recent liquidity measures help reduce financing cost in corporate bond mkt to decadal low’

Mumbai:  The abundant surplus liquidity in the system provided by the Reserve Bank amid COVID-19 related dislocations in the financial market has helped reduce financing cost in the corporate bond market to decadal lows, according to an article published in the RBI Bulletin. The article has been prepared by Radha Shyam Ratho and Pradeep Kumar […]

 Press Trust of india

SBI to institute work-from-anywhere infrastructure, hopes to save Rs 1,000 cr

SBI to institute work-from-anywhere infrastructure, hopes to save Rs 1,000 cr

Mumbai:  Amid COVID-19 induced disruption, the country’s largest lender State Bank of India (SBI) will institute work-from-anywhere infrastructure and expects to save Rs 1,000 crore from this measure, Chairman Rajnish Kumar said. Speaking to shareholders at the bank’s 65th annual general meeting on Tuesday, he said the focus going forward will be on cost reduction, […]

 Images News Netwok

Kissan Pakhwada: Dir Horti reviews coverage of stakeholders under CSS

Kissan Pakhwada: Dir Horti reviews coverage of stakeholders under CSS

SRINAGAR: Director Horticulture Kashmir, Ajaz Ahmed Bhat Monday reviewed the coverage of farmer community under various Centrally Sponsored Horticulture Sector schemes during ongoing ‘Kissan Pakhwada’ in Kashmir. Regarding the celebration of ‘Kisan Pakhwada’ from July 7 to July 21, 2020, instructions were given to concerned officers to ensure maximum participation of all stakeholders and cent […]

 Images News Netwok

40th India Carpet Expo ‘Virtual Exhibition’ from Aug 21

40th India Carpet Expo ‘Virtual Exhibition’ from Aug 21

SRINAGAR: In a first, Carpet Export Promotion Council (CEPC) is all set for launching 40th India Carpet Expo in virtual mode from 21st to 25th August, 2020. The expo is the first of its kind initiative to bridge the gap between Indian products and demand of Handmade Carpets and floor coverings across the globe in […]

 Images News Netwok

‘National Bank provides Rs 462 crore for execution of 139 projects in J&K last fiscal’

‘National Bank provides Rs 462 crore for execution of 139 projects in J&K last fiscal’

39th Foundation-Day of NABARD

JAMMU: National Bank for Agriculture & Rural Development (NABARD) provided Rs 462 crore in 2019-20 for execution of 139 projects in Jammu & Kashmir, reads a communiqué issued by DIPR-JK. In the midst of ongoing pandemic, NABARD has stepped into its 39th year of formation on July 12, 2020, even as it has made path […]

 Press Trust of india

Indian GDP to contract 7.5% if COVID vaccine is delayed, 4% in base case: Report

Indian GDP to contract 7.5% if COVID vaccine is delayed, 4% in base case: Report

Mumbai:  A longer wait for a vaccine against COVID-19 virus may lead to a contraction of up to 7.5 per cent in the Indian GDP in FY21, a foreign brokerage said on Monday. Economists at Bank of America Securities also revised down their base case estimates on the real GDP within a week, and now […]

 Press Trust of india

Non-financial services sector may take 25% hit in revenue amid COVID-19 disruptions: Survey

Non-financial services sector may take 25% hit in revenue amid COVID-19 disruptions: Survey

New Delhi: Non-financial services sector may witness up to 25 per cent fall in revenue and business disruptions of up to 12 months on account of the COVID-19 pandemic, says a survey. More than 200 leading senior representatives from organisations operating in the non-financial services domain in the country participated in the Protiviti India’s Business […]

 Press Trust of india

Google to invest Rs 75,000 crore in India over 5-7 years

Google to invest Rs 75,000 crore in India over 5-7 years

New Delhi:  Google chief executive Sundar Pichai on Monday announced plans to invest Rs 75,000 crore in India over the next five to seven years to help accelerate the adoption of digital technologies in the country. India-born Pichai, who held a virtual meeting with Prime Minister Narendra Modi on Monday morning, made the announcement at […]

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