BUSINESS AWAAZ

Moon offers to participate in India’s infrastructural projects

AMN / NEW DELHI South Korean President Moon Jae-in has said that he is committed to raising his country’s relations with India to the level it has with the four major powers around the Korean peninsula. Addressing a gathering at the India-Korea Business Forum here today, Mr Moon said, this commitment is embodied in his … Continue reading Moon offers to participate in India’s infrastructural projects

India, South Korea ink agreement to boost bilateral trade

AMN / NEW DELHI Minister for Commerce and Industry Suresh Prabhu and South Korean Minister for Trade Kim Hyun-Chong today signed agreements in New Delhi to boost bilateral trade. Later speaking to media, Mr Prabhu said, trade and commerce will play their own roles in taking bilateral relations between both the countries forward. South Korean … Continue reading India, South Korea ink agreement to boost bilateral trade

NCLT dismisses Cyrus Mistry’s plea against Tata Sons

AMN / MUMBAI National Company Law Tribunal (NCLT) today upheld the October 24, 2016 decision of the Tata Sons Board of Directors dismissing its then Chairman Cyrus Mistry. The NCLT ruled that the Tata Sons Board of Directors was competent to remove the Executive Chairman and Cyrus Mistry was ejected as the board members had … Continue reading NCLT dismisses Cyrus Mistry’s plea against Tata Sons

India does not subsidise exports,complies with WTO norms: Prabhu

AMN / KOLKATA Union Commerce Minister Suresh Prabhu has said that India does not subsidise its exports and the country fully complies with World Trade Organisation norms. Speaking at an event here yesterday, Mr Prabhu said that the government was merely trying to mitigate the adversities of exporters, which did not tantamount to subsidising of … Continue reading India does not subsidise exports,complies with WTO norms: Prabhu

Comprehensive export strategy soon: Commerce Minister

AMN / NEW DELHI Union Minister of Commerce & Industry and Civil Aviation Suresh Prabhu has assured the exporters that a comprehensive export strategy will be finalised soon. , Interacting with the trading houses and exporters in New Delhi recently minister sought their suggestions on formulating a strategy for increasing exports by USD 100 billion … Continue reading Comprehensive export strategy soon: Commerce Minister

RBI slaps Rs 40 lakh penalty on SBI for flouting fake note norms

AMN / MUMBAI The Reserve Bank of India, RBI has imposed a monetary penalty of Rs 40 lakh on State Bank of India for non-compliance of its directions on detection and impounding of counterfeit notes. An RBI notification issued here today informs that the action is based on deficiencies in regulatory compliance found at two … Continue reading RBI slaps Rs 40 lakh penalty on SBI for flouting fake note norms

Centre trying to make GST refund fully automatic: Finance Secretary

AMN / NEW DELHI The government is working to further simplify the tax system in the country. Addressing a session on ‘one year of GST implementation’ in New Delhi, Finance Secretary Hasmukh Adhia said, the Centre is also trying to make GST refund process fully automatic. He said, we have gained quite a bit by … Continue reading Centre trying to make GST refund fully automatic: Finance Secretary

SC nod for auction of Unitech properties worth Rs 600 crore

agencies The Supreme Court on Thursday permitted the auction of three properties belonging to Real estate giant, Unitech Ltd in Agra, Varanasi and Sriperumbudur to reimburse the claims of those who had booked homes with the troubled real estate developer. The auction of these properties, which are together worth an estimated Rs 600 crore, would … Continue reading SC nod for auction of Unitech properties worth Rs 600 crore

RBI urges public not to get lured by fictitious offers

AMN / MUMBAI Reserve Bank of India RBI has once again warned members of the public to remain alert about the activities of unscrupulous elements. In a press release, RBI has urged the public not to get lured by fictitious offers, lottery winnings or remittance of cheap funds in foreign currency. The apex bank reiterated … Continue reading RBI urges public not to get lured by fictitious offers

FM to meet heads of banks to discuss NPA resolution structure

  Finance Minister Piyush Goyal will meet heads of banks in New Delhi today to discuss an inter-lender structure suggested under the ‘Project Sashakta’ that intends to fastrack resolution of stressed assets in the banking system. Sources said the meeting has been organised by Indian Banks Association (IBA) and inter creditor agreement will be the … Continue reading FM to meet heads of banks to discuss NPA resolution structure

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MARQUEE

SC slams Centre for ‘lethargy’ over upkeep of Taj Mahal

AMN / NEW DELHI The Supreme Court today criticised the Central Government and its authorities for their, wh ...

India, Nepal to jointly promote tourism

AMN / KATHMANDU India and Nepal have decided to promote tourism jointly. This was decided at the 2nd meeting ...