India’s sovereign rating downgrade created six ‘fallen angels’: Moody’s
Mumbai: India’s sovereign rating downgrade has created six “fallen angels”, or companies in the non-financial sector whose ratings have dipped to just one notch away from being considered junk, global ratings agency Moody’s Investors Service said on Tuesday. Companies that move from investment grade category to sub-investment grade are sometimes referred as “Fallen Angels”. All […]
Hand Tools Association seek govt support to boost mnfg, exports of engineering goods
New Delhi: MSMEs body Hand Tools Association on Tuesday suggested a host of steps to the government such as tax incentives, modern infrastructure and special focus on small and medium enterprises with a view to boost local manufacturing and exports of engineering goods. Hand Tools Association President S C Ralhan said aggressive boost from the […]
FHRAI issues guidebook for hotels, restaurants to prevent COVID-19 spread
New Delhi: Apex industry body FHRAI on Tuesday said it has issued a guidebook listing all measures to be taken by hotels and restaurants to ensure prevention of COVID-19. The comprehensive guidebook covers all functions of hotels and restaurants that are essential to everyday operations. From guest rooms and room service to housekeeping to laundry […]
Now 22 lakh ‘Nil’ GST filers can file monthly returns via SMS
New Delhi: The government on Monday rolled out short messaging service (SMS) facility for taxpayers filing ‘Nil’ monthly GST returns, a move which will benefit about 22 lakh registered taxpayers. “In a major move towards taxpayer facilitation, the government has today onwards allowed filing of Nil GST monthly return in Form GSTR-3B through SMS,” the […]
Sebi relaxes compliance norms for cos planning to list debt securities
New Delhi: Markets regulator Sebi on Monday eased the compliance norms for companies seeking to list their debt securities such as non-convertible debentures (NCDs) and commercial papers. This will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular. The regulator has announced relaxation in compliance norms for […]
Petrol, diesel price hiked by 60 paise per litre for second straight day
New Delhi: Petrol and diesel prices were hiked by 60 paise per litre each on Monday, for the second day in a row, as state-owned oil firms reverted to daily price revisions after a hiatus of almost three months. Petrol price in Delhi was hiked to Rs 72.46 per litre from Rs 71.86 on Sunday, […]
Expand scope of MGNREGA to meet migrants’ work demand: Cong to Centre
New Delhi: The Congress on Monday asked the government to expand the scope of MGNREGA to meet the growing work demand of 8 crore migrants expected to relocate in villages in the wake of the coronavirus pandemic. Asking the prime minister not to view Centre’s “reliance on the MGNREGA as the victory of the scheme […]
BS-VI compliant vehicles to display green sticker
New Delhi: The government has mandated a one cm green sticker, providing registration details, in all BS-VI compliant motor vehicles. The order will come into force from October 1, 2020. “…Vehicles complying with BS-VI emission norms shall have 1 cm green strip at the top in the third registration plate,” as per a notification issued […]
PSBs disbursed Rs 8,320-cr loan to MSMEs under emergency credit line scheme: Fin min
New Delhi: The Finance Ministry on Sunday said public sector banks have disbursed Rs 8,320 crore till June 5 under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, hit hard by the coronavirus-induced lockdown. PSBs have sanctioned loans worth Rs 17,705.64 crore under the 100 per cent ECLGS starting […]
Lockdown left millions of migrants empty-handed; govt should give Rs 25,000 to each of them: Irudaya Rajan
Mumbai: The unplanned nationwide lockdown has forced millions of migrants to return home empty-handed and the government should make a direct cash transfer of Rs 25,000 to each of them to salvage the situation, according to S Irudaya Rajan, an expert on migrant issues. There are more than 600 million migrants in the country and […]
