Navin calls for production of high quality food crops for better marketing
Visits Haldi Ram’s Processing Plant, Nav Bharat Flour Mills Bari Brahmana
JAMMU: Principal Secretary Agriculture, Navin Kumar Choudhary today said that production of food crops matching quality parameters of big food chains and food processing units is the prerequisite for better marketing and high returns to the farmers. He said this while visiting Haldi Ram’s Processing Unit (Anantjeet Nutriments) at Bari Brahmana, Jammu. Director Agriculture Jammu, […]
India needs Rs 50-60 lakh cr foreign investments to bolster coronavirus-hit economy: Gadkari
New Delhi: India needs foreign direct investments worth Rs 50 to 60 lakh crore and the money can be tapped mainly through infrastructure projects as well as MSME sector to accelerate the wheels of coronavirus-hit economy, according to Union minister Nitin Gadkari. Emphasising that at this juncture Foreign Direct Investment (FDI) is the need of […]
India’s trade deficit with China reduces to USD 48.66 bn in FY20
New Delhi: India’s trade deficit with China fell to USD 48.66 billion in 2019-20 on account of decline in imports from the neighbouring country, according to government data. Exports to China in the last financial year stood at USD 16.6 billion, while imports aggregated at USD 65.26 billion, the data showed. The trade deficit between […]
RBI asks banks to reclassify MSMEs as per revised criteria
Mumbai: The RBI has asked banks, financial institutions and NBFCs to reclassify micro, small and medium enterprises on the basis of the new criteria. Last month, the government notified new criteria for classification of micro, small and medium enterprises (MSMEs) on the basis of turnover and investment in plant and machinery. “We advise you to […]
NBFIs to face liquidity, asset quality risks in near term: Fitch
New Delhi: The non-banking financial institutions will continue to face elevated liquidity and asset quality risks in the near term even as the economic activity picks up with easing of lockdown restrictions, Fitch Ratings said on Thursday. These risks reflect the impact of the coronavirus pandemic on borrowers’ repayment capabilities, as well as the effects […]
Govt approves scheme for providing liquidity to non-bank lenders: RBI
Mumbai: The government has approved a scheme under which the eligible non-bank lenders will be provided short-term liquidity through a special purpose vehicle (SPV) set up by the SBICAP securities, a subsidiary of the State Bank of India, the RBI said on Wednesday. Under the special liquidity scheme, the SPV will purchase the short-term papers […]
Govt to kickstart cashless treatment for road accident victims with Rs 2.5 lakh cap per case
New Delhi: The government on Wednesday said it is ready with a blueprint to implement a cashless treatment scheme for road accident victims. The scheme will have an insurance coverage cap of Rs 2.5 lakh per case, as per a communication to transport secretaries and commissioners of the states. The scheme assumes significance as India […]
SMS-based nil GSTR-1 filing launched, late fee for delayed filing waived
New Delhi: GST Network (GSTN) on Wednesday said it has launched the facility of filing monthly and quarterly sales statement GSTR-1 through SMS for businesses with nil tax liability. With GSTN already allowing SMS-based filing of sales return GSTR-3B for nil filers and late fees for such filers also stands waived, the move would allow […]
GST collection in June at Rs 90,917 cr, Q1 mop up dips 59 pc due to COVID-19 lockdown
New Delhi: GST revenue collection in June stood at Rs 90,917 crore, up from Rs 62,009 crore mopped up in May and Rs 32,294 crore in April. The goods and Services Tax (GST) mop up was 9 per cent lower on a year-on-year basis in June, while it was 62 per cent down in May […]
Professionals in India now slightly upbeat about income, savings: Survey
New Delhi: Professionals in India are slightly more upbeat now about their income and savings as 1 in 4 respondents expect their earned income and personal spending to increase in the next six months, according to a LinkedIn survey. Based on responses of 1,351 professionals in India, findings from the survey conducted between June 1-14 […]
