BUSINESS AWAAZ

Call drops: Congress calls for rebate in bills

AMN / Congress party has demanded the Centre to ask Telecom Regulatory Authority of India to issue direction to telecom service providers for providing rebate in the bills to the extent of call drop percentage. Briefing Media in New Delhi, party spokesperson, Ajay Maken said, there seems to be a huge call drops in 2G … Continue reading Call drops: Congress calls for rebate in bills

SEBI bans Brooks Lab, top executives from capital mkts for 5-yr

The regulator Sebi today barred Brooks Laboratories and its top executives from the securities markets for five years for siphoning off funds and concealing of material information in its IPO documents. In a 42-page order, Sebi said they have been prohibited from raising any further capital from the securities market, in any manner whatsoever, for … Continue reading SEBI bans Brooks Lab, top executives from capital mkts for 5-yr

Banks to disburse loans worth Rs 1.5 lakh cr for small business: Col. Rathore

AMN / Union Minister of State for Information and Broadcasting Col. Rajyavardhan Singh Rathore today said that the Banks will disburse loans worth about Rs 1.5 lakh crore to small business units under the Pradhan Mantri MUDRA Bank scheme during the current financial year. Mr Rathore has been made in-Charge of Goa State for the … Continue reading Banks to disburse loans worth Rs 1.5 lakh cr for small business: Col. Rathore

Govt keeping close watch on rupee movement: Minister

AMN The government today said it is keeping a close watch on the rupee movement and its impact on the country’s trade. Talking to reporters in New Delhi, Commerce and Industry Minister Nirmala Sitharaman said, the global demand is not rising and it is impacting country’s exports. She added that along with incentives to exporters, … Continue reading Govt keeping close watch on rupee movement: Minister

Govt to import of 5000 MT of Tur Dal ; Minimum Export Price of Onion raised

AMN / Government has decided to import an additional 5000 MT of Tur Dal to increase the availability and control prices of pulses. Import of 10,000MT of Tur and Urad Dals is already in the pipeline and the first consignment will reach by 23rd September, 2015. The Government has put in place a weekly monitoring … Continue reading Govt to import of 5000 MT of Tur Dal ; Minimum Export Price of Onion raised

India’s Industrial output grows at 4.2 % in July

Growth in the country’s industrial production improved to 4.2 per cent in July this year, from 0.9 percent growth in July last year, as manufacturing activity and offtake of capital goods increased. According to data released by the Central Statistics Office, the manufacturing sector grew 4.7 per cent in July. Output of capital goods, a … Continue reading India’s Industrial output grows at 4.2 % in July

Indra Nooyi among Fortune’s powerful women in business list

PepsiCo CEO Indra Nooyi is the sole Indian-origin executive in Fortune’s list of 50 most powerful women in business, which has been topped by General Motors CEO Mary Barra. India-born Nooyi is ranked 2nd on the list, moving up a notch from her third position last year. Fortune said about the 59-year-old top executive that … Continue reading Indra Nooyi among Fortune’s powerful women in business list

State FMs to meet on Sept 15 to finalise model GST rules

AMN / Empowered Committee of State Finance Ministers will meet on September 15 to finalise the model legislations that have to be approved by state legislatures for roll out of the Goods and Services Tax (GST). The panel is headed by Kerala Finance Minister K M Mani. The two legislations Central GST (CGST) and State … Continue reading State FMs to meet on Sept 15 to finalise model GST rules

IT Department to send refunds in 7 days

The Income Tax Department will now process and send refunds in a short time of 7 to 10 days as its latest technology upgrade of electronic and Aadhaar-based Income Tax Return verification has begun on a successful note. The department’s latest initiative to verify an ITR by Aadhaar or other bank database has received positive … Continue reading IT Department to send refunds in 7 days

FSSAI proposes ban on sale of nutraceuticals as medicines

Food Safety and Standards Authority of India, FSSAI has proposed a ban on the sale of health supplement products as medicines. Under the draft regulations published in official gazette, the FSSAI said, the companies cannot claim that their nutraceuticals and health supplement products are of therapeutic and curative value. Every package of food or health … Continue reading FSSAI proposes ban on sale of nutraceuticals as medicines

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OPEN HOUSE

Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...