On the back of various government measures to improve compliance, goods and service tax collections in February totaled Rs 1.13 lakh crore, up 7% from the same month last year. The department of revenue announced on Monday that revenue collection had surpassed Rs 1 lakh crore for the fifth time in a row and had […]
Category Archives: Business
In the Union Budget 2021, the Government announced that the second phase of the Swachh Bharat Mission focuses on waste segregation and sewage management in those cities that have a population of less than 1lakh. The sixth edition of the Annual Swachh Survekshan was launched by the Ministry of Housing and Urban Affairs. The financial […]
Bharat Petroleum Corporation (BPCL) has agreed to sell its entire 61.65% stake in Numaligarh Refinery (NRL) to a consortium of Oil India (OIL) and Engineers India (EIL), as well as the Assam government, for nearly Rs. 9,876 crore. The sale of Numaligarh Refinery, Ltd. clears the way for the privatization of India’s second-largest fuel retailer. […]
01
Mar
Mar
The United States is the world’s largest economy, owes India $216 billion as the country’s debt grows to a record $29 trillion, warning the leadership about the imposition of foreign debt, the largest from China and Japan. By 2020, the US national debt was $23.4 trillion, that is $72,309 per person. “We will grow our […]
India initially has decided to provide the vaccine to the 1.15 crore health workers and the frontline workers started from January 16th. 2021. After a substantial time passed, government has now decided to widen the coverage crossing the decided limit of 1.15 crore workers. The Coronavirus vaccine has been capped at Rs 250 per shot […]
The RBI has issued the Rupee Co-operative Bank Ltd, Pune, a three-month extension of its banking license, according to Sudhir Pandit, the bank’s administrator. “It is recognition by RBI of the Bank’s satisfactory results, and that too despite complete restrictions on bank’s activities,” Pandit said. During the last four years, the bank has made a […]
The union budget 2021-2022 presented in Parliament earlier this month has proposed to set up a DFI (Development Finance Institution) with an initial capital of Rs.20,000 crores to fund the Rs 111 lakh crores’ ambitious National Infrastructure Pipeline (NIP). India Infrastructure Finance Company Limited managing director PR Jaishankar said that the company is prepared to […]
Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries, has increased its stake in SkyTran, a company that develops pod taxis in the United States. In a statement released on Sunday, the company said it had increased its stake to 54.46 percent on a fully diluted basis with a $26.76 million investment. […]
India’s coming foreign trade exchange strategy may have a different section managing online business interestingly in the midst of requests for aiding a huge number of producers become exporters, said three people familiar with the development. A few E- business firms, including Amazon India, Walmart Inc., eBay, PayPal and industry bodies FICCI and CII have […]
The U.S. government on Saturday authorised Johnson & Johnson’s single-dose COVID-19 vaccine, enabling millions of Americans to be vaccinated within the approaching weeks and setting it up for extra approvals around the world. The U.S. Food and Drug Administration announced the emergency to use authorisation for adults aged 18 and older following Friday’s unanimous endorsement […]