BUSINESS AWAAZ

TRAI raises penalty on telecom operators to Rs 2 lakh for call drops

Telecom regulator TRAI has raised the penalty on telecom operators for poor mobile service quality, including call drops. The penalty amount would be as high as 2 lakh rupees if the operators are unable to meet the benchmark set for the quality of service in two or more subsequent quarters. The penalty will kick-in if … Continue reading TRAI raises penalty on telecom operators to Rs 2 lakh for call drops

India’s exports slump 24.3 % last month

Contracting for the tenth month in a row, the country’s merchandise exports plunged 24.3 per cent, year-on-year, to 21.8 billion dollars in September. Exports dropped mainly due to a sharp fall in shipments of petroleum products, iron ore, and engineering goods, amid tepid global demand. According to Commerce Ministry data, imports shrank 25.4 per cent, … Continue reading India’s exports slump 24.3 % last month

Govt to build up buffer stock of pulses through imports: Jaitley

AMN / Finance Minister Arun Jaitley today said that the Government will build up buffer stock of pulses through imports to tackle spike in prices. Mr Jaitley said in New Delhi that the government will invoke price stabilisation fund which will bear costs like handing charges, milling and processing to reduce rates of pulses. He … Continue reading Govt to build up buffer stock of pulses through imports: Jaitley

Nationwide chemists’ strike to oppose online sale of medicines

AMN / Chemists all across the country have shut their stores for one day today to protest government’s plan to allow sale of medicines through Internet. The All India Organisation of Chemists and Druggists, AIOCD has said online sale of medicines is against the provision of Drugs and Cosmetics Act. The law says medicines can … Continue reading Nationwide chemists’ strike to oppose online sale of medicines

Govt approves revised cost of Rs. 2904 crore for KMM Transit Transport Project in Myanmar

The Union Cabinet has approved revised cost of 2904 crore rupees for the Kaladan Multi Modal Transit Transport Project in Myanmar. This information was given by Communication and IT Minister Ravi Shankar Prasad after the Cabinet meeting. Addressing a press conference in New Delhi this afternoon, the Minister said the decision will help in the … Continue reading Govt approves revised cost of Rs. 2904 crore for KMM Transit Transport Project in Myanmar

Imported Tur Dal to be available from October 15

Further import of 2000MT of Tur to reach by next month AMN / All arrangements have been made to make imported dal available on Kendriya Bhandar outlets in Delhi from October 15. Safal will also sell the dal through its outlets by this weekend. Imported dal is also being allocated to other States as per … Continue reading Imported Tur Dal to be available from October 15

Developing nations shareholding should be raised in World Bank, IMF: India

AMN / India ‘s Finance Minister Arun Jaitley has said that shareholding of developing nations, including India, in the World Bank Group should be raised to reflect their share in the global economy. Mr Jaitley was speaking at the Plenary Meeting of the Development Committee at Peru in Lima on Sunday. Development Committee is the … Continue reading Developing nations shareholding should be raised in World Bank, IMF: India

CBI raids Bank of Baroda branchs in Delhi for black money transfers

AMN / CBI today conducted searches at a Bank of Baroda branch in Delhi in connection with alleged transfer of black money to Hong Kong. Over Rs. 6,000 crore of black money was allegedly sent out of the country from the bank in July last year. An amount of Rs. 6172 crore was deposited by … Continue reading CBI raids Bank of Baroda branchs in Delhi for black money transfers

Govt invites suggestions for changes in tax rates

AMN  / Finance Ministry has invited suggestions from trade and industry for changes in tax rates and broadening tax base as the preparations for the Budget, 2016-17 are picking up. In an official statement, the Finance Ministry said the Ministry will be benefited by the suggestions and views from the Association while formulating the proposals … Continue reading Govt invites suggestions for changes in tax rates

Indirect tax collection increases 35.8%

AMN  / Reflecting an increase in economic activity, indirect tax collection increased 35.8 per cent in the first six months of the current fiscal to 3.24 lakh crore rupees, hitting more than 50 per cent of the annual target. The indirect tax that includes Central Excise, Customs and Service Tax — collection during April-September of … Continue reading Indirect tax collection increases 35.8%

Ad
Ad
Ad

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 ...