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Sensex crosses 52,000 for the first time
Business

Sensex crosses 52,000 for the first time

Mumbai, Feb 15: The Indian equity market surged on Monday morning with the BSE Sensex crossing the 52,000 mark for the first time ever.Around 9.56 a.m., Sensex was trading at 52,053.80, higher by 509.50 points or 0.99 per cent from its previous close of 51,544.30.It opened at 51,907.75 and has so...
Govt pursuing reforms to make India one of world’s top economies: FM
Business

Govt pursuing reforms to make India one of world’s top economies: FM

NEW DELHI, Feb 13: Finance Minister Nirmala Sitharaman today said that the government, undeterred by the COVID-19 pandemic, has been pursuing reforms for achieving sustained long-term growth in a bid to make India one of the top economies of the world in the coming decades. Replying to debate on...
Sitharaman raises 10 questions on Rahuls speech in Parliament
Business

Sitharaman raises 10 questions on Rahul's speech in Parliament

New Delhi, Feb 13: Raising questions against former Congress President Rahul Gandhi's act of associating himself with "Break India" fringe group ideologies, Finance Minister Nirmala Sitharaman on Saturday accused him of making "fake narratives" for lowering the country's image and posed 10 questions...
Govt to consider bringing down GST on pesticides to 5%
Business

Govt to consider bringing down GST on pesticides to 5%

New Delhi, Feb 12 : As part of efforts to bring parity in taxation on agro-inputs, the Department of Chemical and Petrochemicals has approached the Finance Ministry for reducing GST on pesticides from 18 per cent to 5 percent.Along with fertilisers, pesticide is also an important agro input that...
No plans to cut taxes on petrol, diesel: Pradhan
Business

No plans to cut taxes on petrol, diesel: Pradhan

NEW DELHI, Feb 10: Oil Minister Dharmendra Pradhan today ruled out any cut in excise duty, for now, to give relief to consumers from the spiralling retail prices of petrol and diesel which have touched all-time highs. “There is no such proposal at present,” he said in the Rajya Sabha when asked if...
Service complaints by bank customers rise 57%: RBI report
Business

Service complaints by bank customers rise 57%: RBI report

MUMBAI, Feb 10: Consumer complaints about banking services jumped 57 per cent to 3.08 lakh for the year to June 30, 2020, the Reserve Bank has said. In its annual report on Ombudsman Schemes, the central bank said over a fifth of the complaints were about services at ATMs or with debit cards,...
Amazon moves SC against Future-Reliance Retail deal
Business

Amazon moves SC against Future-Reliance Retail deal

New Delhi, Feb 11: E-commerce giant Amazon has moved the Supreme Court against the Future-Reliance Retail deal.On February 8, the Delhi High Court had stayed the implementation of status quo ordered by a single-judge bench on the Rs 24,713-crore deal between Future Retail Ltd and Reliance.The...
Govt ignored poor, jobless, MSMEs in Budget: Chidambaram
Business

Govt ignored poor, jobless, MSMEs in Budget: Chidambaram

New Delhi, Feb 11: Former Union Finance Minister P Chidambaram said on Thursday that the Union government had ignored the poor, unemployed and the MSME sector in the Budget proposals for 2021-22."The most deserving were left to their fate -- the poor, farmers, migrant workers, MSME sector, middle...
Startup push to trigger job creation, manufacturing growth: DPIIT Secy
Business

Startup push to trigger job creation, manufacturing growth: DPIIT Secy

NEW DELHI, Feb 9: India’s budgetary boost for startups is expected to trigger employment generation, besides ushering in manufacturing and innovation-led growth in FY22. According to the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Guruprasad Mohapatra, measures such as...
Goyal says India’s MSP operations are WTO-compliant
Business

Goyal says India’s MSP operations are WTO-compliant

NEW DELHI, Feb 9: Commerce and Industry Minister Piyush Goyal today said the minimum support price (MSP) operations being conducted by the country are completely compliant with the rules of the World Trade Organisation (WTO). “We have a Peace Clause under which for our public procurement purposes,...
Sensex 200 points down amid volatile trade
Business

Sensex 200 points down amid volatile trade

Mumbai, Feb 10: The key Indian equity indices traded amid volatility on Wednesday morning with the BSE Sensex losing over 200 points.Selling pressure was witnessed in banking and IT stocks.At 10.18 a.m., Sensex was trading at 51,124.54, lower by 204.54 points or 0.40 per cent from its previous close...
E-commerce grows by 36 per cent in last quarter in India: Report
Business

E-commerce grows by 36 per cent in last quarter in India: Report

Bengaluru, Feb 10: The last quarter of 2020 saw e-commerce order volume growing by 36 per cent in India with Personal care, Beauty and Wellness (PCB&W) segment being the biggest beneficiary, according to a report. In October to December 2020 period, PCB&W and FMCG & Healthcare (F&H)...
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