BUSINESS AWAAZ
Centre approves transfer of land of HMT Watches Limited
AMN The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for the following proposals of Department of Heavy Industry: i. Transfer of HMT Watches Ltd, land at Banglaore and Tumkur measuring 208.35 acres, to Indian Space Research Organization (ISRO) on payment of Rs. 1194.21 crore and applicable taxes and duties. … Continue reading Centre approves transfer of land of HMT Watches Limited
Government notifies simplified ITR forms for tax payers
Government today notified a new simplified Income-Tax Return Forms, ITR Forms, for individuals for the Assessment Year 2017-18. The Central Board of Direct Taxes, CBDT, in a release said, one of the major reforms made in the forms is the designing of a one page simplified ITR Form-1, called Sahaj. This ITR Form- 1 can … Continue reading Government notifies simplified ITR forms for tax payers
Petrol, Diesel prices slashed substantially
AMN India’s oil marketing companies today slashed petrol price by Rs 3.77/litre and diesel by Rs 2.91/litre following the fluctuations in crude prices which have been swinging between the push and pull from coordinated output cuts by major producers on one side, and rising US stockpiles on the other. An official statement said, “The current … Continue reading Petrol, Diesel prices slashed substantially
Global Crude price of Indian Basket was $ 51.36/bbl on March 30
AMN 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 government of India was US$ 51.36 per barrel (bbl) on 30.03.2017. This was higher than the price of US$ 50.73 per bbl on previous publishing day of 29.03.2017. … Continue reading Global Crude price of Indian Basket was $ 51.36/bbl on March 30
Govt cancels approvals to 8 SEZ projects
The government has cancelled approvals granted to eight SEZ projects, including those of Concord India and Bangalore International Airport, as no significant progress was made by developers to complete the projects. The Board of Approval, headed by Commerce Secretary Rita Teaotia, in its meeting on March 8 cancelled the approvals.The 19-member Board of Approval (BoA) … Continue reading Govt cancels approvals to 8 SEZ projects
Regional aviation routes, airlines under UDAN scheme announced
AMN Government today announced regional aviation routes and airlines after the first round of bidding under Regional Connectivity Scheme-UDAN, Ude Desh ka Aam Nagrik. Announcing this, Civil Aviation Minister Ashok Gajapathy Raju said, all flights in first round will become active within 4-6 months. He said, UDAN will have a positive effect on the economy … Continue reading Regional aviation routes, airlines under UDAN scheme announced
Global Crude price of Indian Basket was $ 50.73/bbl on March 29
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$ 50.73 per barrel (bbl) on 29.03.2017. This was higher than the price of US$ 49.91 per bbl on previous publishing day of 28.03.2017. In rupee terms, the … Continue reading Global Crude price of Indian Basket was $ 50.73/bbl on March 29
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
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
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