BUSINESS AWAAZ

BSNL joins hand with Nokia to develop 5G ecosystem in India

AMN / New Delhi  Indian state-owned telecommunications company  Bharat Sanchar Nigam Limited (BSNL) and Nokia have come together to accelerate the development of 5G ecosystem in India. The 5G technology enables extreme high-speed broadband and ultra-low-latency, which allows service providers to support the future network demands of connected devices associated with Internet of Things (IoT) … Continue reading BSNL joins hand with Nokia to develop 5G ecosystem in India

RBI exempts banks from opening on April 1 on annual closing

Reversing its earlier order, the Reserve Bank of India today said that the bank branches dealing in government businesses need not remain open on April 1 in view of the annual closing business. In its earlier directive on March 24, the RBI had asked all authorised banks to be open on all days from March … Continue reading RBI exempts banks from opening on April 1 on annual closing

Amazon makes entry in UAE by acquiring Souq.com

  Amazon, the USA based e commerce giant made its entry in UAE by acquiring Souq.com, the Middle East’s largest online retailer. A joint statement said that the agreement brings Amazon into a fast-growing market as it expands into a wide range of services. The deal’s specific value was not announced, but according to analysts … Continue reading Amazon makes entry in UAE by acquiring Souq.com

CBDT refuses to grant relief to those who failed to submit 1st installment under IDS

TIA NEWS The Central Board of Direct Taxes CBDT has refused to grant any relief to those black money declarants who failed to submit their first installment of tax and penalty under the Income Disclosure Scheme IDS. The Income Tax department made it clear that such condonation of delay in making payments by the deadline … Continue reading CBDT refuses to grant relief to those who failed to submit 1st installment under IDS

Indian Oil inks POL supply agreement with Nepal Oil Corporation

AMN/ New Delhi A Memorandum of Understanding for supply of POL products was signed here Monday between Indian Oil Corporation Limited (IndianOil) and Nepal Oil Corporation (NOC) in the presence of Mr. Dharmendra Pradhan, Hon’ble Minister of State (Independent Change), Ministry of Petroleum and Natural Gas, Government of India, and Mr. Deepak Bohara, Hon’ble Minister … Continue reading Indian Oil inks POL supply agreement with Nepal Oil Corporation

What are 4 bills pertaining to GST

The four GST bills are- • GST (Compensation to States) Bill, 2017 provides for a mechanism for making good any loss of revenue of states from introduction of GST in first five years of rollout. As a part of the compensation law, states will receive provisional compensation from Centre for loss of revenue from implementation … Continue reading What are 4 bills pertaining to GST

Govt imposes 10 % import duty on wheat, Tur dal

AMN /NEW DELHI Government of India today imposed ten per cent import duty on wheat and Tur dal with immediate effect to protect farmers’ interest amid projection of a record crop this year. On 8th of December last year, the government had reduced customs duty on wheat to zero from 10 per cent to boost … Continue reading Govt imposes 10 % import duty on wheat, Tur dal

EESL refutes allegations on procurement of LED bulbs

FOLLOW US ON TWITTER AMN /NEW DELHI In a response to allegations raised by congress party and some newspapers today , Energy Efficiency Services Limited (EESL) a company under the administrative control of Ministry of Power has strongly refuted the claims, stating it is false, misleading and devoid of any facts. The Congress on Monday … Continue reading EESL refutes allegations on procurement of LED bulbs

Crude price of Indian Basket was $ 49.41/bbl on March 27

  The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 49.41 per barrel (bbl) on 27.03.2017. This was lower than the price of US$ 49.49 per bbl on previous publishing day of 24.03.2017. In rupee terms, … Continue reading Crude price of Indian Basket was $ 49.41/bbl on March 27

India exports meat worth Rs. 21,300 Cr in 2016- 2017

AMN / India’s Commerce Minister Nirmala Sitharaman informed the Lok Sabha today that India exported buffalo meat worth over 21300 crore rupees between April 2016 to January 2017. She clarified that as per the existing Meat Export Policy, export of beef is not permitted. Only boneless meat of buffalo, meat of goat, sheep and birds … Continue reading India exports meat worth Rs. 21,300 Cr in 2016- 2017

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NEPAL TRAGEDY: PHOTO FEATURE

[caption id="attachment_30524" align="alignleft" width="482"] The death toll from Saturday's deadly 7.9 magnit ...