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Budget evokes mixed reaction from trade community in State
Business

Budget evokes mixed reaction from trade community in State

STAFF REPORTER GUWAHATI, Feb 1: The Union Budget 2021-22 tabled by Union Finance Minister Nirmala Sitharaman today evoked mixed reaction from the trade community in Assam. The Federation of Industry and Commerce of North Eastern Region (FINER), one of the largest trade bodies of the region, has...
CEA pitches for pvt sector-led bad bank to deal with NPAs
Business

CEA pitches for pvt sector-led bad bank to deal with NPAs

New Delhi, Jan 31: Chief Economic Adviser KV Subramanian has made a strong case for setting up of a bad bank led by private sector to effectively deal with non-performing assets of the financial sector which may see a surge once regulatory forbearance to deal with the impact of COVID-19 is...
Govt may give oilfield in lieu of $1.4 bn it has to pay Cairn
Business

Govt may give oilfield in lieu of $1.4 bn it has to pay Cairn

New Delhi, Jan 31: The government may give Cairn Energy one of the surrendered oilfields such as Ratna R-Series in lieu of the $1.4 billion it has pay to the British firm, helping prevent seizure of foreign assets in case of default as well as get an experienced operator in struggling E&P...
Post Covid: FY22 Budget to give ample opportunity for economic reset, growth
Business

Post Covid: FY22 Budget to give ample opportunity for economic reset, growth

New Delhi, Feb 1: India's first budget post the onset of Covid-19 pandemic has ample opportunities for growth and economic reset.The Union Budget 2021-22 was presented to the Parliament on Monday by Finance Minister Nirmala Seetharaman.She said that in the post-Covid world, India is well-positioned...
India to emerge as most resilient economy after Germany in 2021: PHDCCI
Business

India to emerge as most resilient economy after Germany in 2021: PHDCCI

New Delhi, Jan 31: India will emerge as the most resilient economy after Germany in 2021 exhibiting a strong economic resurgence to the global economic turmoil caused by the COVID-19 pandemic, according to a report. Germany ranks first in the PHDCCI International Economic Resilience (IER) rank...
Govt mops up Rs 19,499 cr so far in FY21
Business

Govt mops up Rs 19,499 cr so far in FY21

CPSE disinvestment, buyback New Delhi, Jan 31: The government has garnered Rs 19,499 crore through CPSE disinvestment and share buyback so far in 2020-21, as against the Rs 2.10-lakh crore Budget target set for the entire fiscal year ending March 31. With COVID-19-related delays impacting big ticket...
Auto-makers engaging with suppliers to mitigate impact
Business

Auto-makers engaging with suppliers to mitigate impact

Semiconductor shortage New Delhi, Jan 31: As the shortage of semiconductors expected to linger on in the next fiscal as well, leading auto-makers like Tata Motors, Honda and Kia Motors are actively engaging with their supplier partners in order to carry on with stable production activities at their...
Sensex surges 1,600 points after Budget presentation
Business

Sensex surges 1,600 points after Budget presentation

Mumbai, Feb 1: The Indian stock markets lauded the Union Budget FY22 with the BSE Sensex gaining over 1,600 points.Banking and finance stocks surged after Finance Minister Nirmala Sitharaman announced that two public sector banks will be privatised apart from the IDBI Bank and one general insurance...
Tax deduction on affordable housing loans extended by another 1 yr
Business

Tax deduction on affordable housing loans extended by another 1 yr

New Delhi, Feb 1: In a bid to increase demand in the realty market, Finance Minister Nirmala Sitharaman on Monday announced to extend the additional deduction of up to Rs 1.5 lakh for interest paid on loans of purchase of affordable houses, up to March 2022.The deduction so far was allowed on...
Developing nations need time, policy space to define their imperatives: Goyal
Business

Developing nations need time, policy space to define their imperatives: Goyal

New Delhi, Jan 30: India on Friday said it is keen that discussions related to e-commerce should take place at the World Trade Organization (WTO), but developing nations need time and policy space to define their own imperatives. This was stated by Commerce and Industry Minister Piyush Goyal at the...
Economic Survey reaffirms worst behind us: India Inc
Business

Economic Survey reaffirms worst behind us: India Inc

New Delhi, Jan 30: The Economic Survey reaffirms that the worst is behind us and the economy would bounce back with a V-shaped recovery after being hit hard by the COVID-19 pandemic, India Inc said on Friday. Sharing their views on the Survey 2020-21 tabled in Parliament, the industry also made a...
Topcem Cement sets up sanitation facility at school under CSR initiative
Business

Topcem Cement sets up sanitation facility at school under CSR initiative

Business Reporter Guwahati, Jan 30: Topcem Cement, a major cement brand of the North-east, as part of its corporate social responsibility (CSR) programme, has supported the construction of a toilet block at Arya Vidyapeeth HS & MP School, Guwahati, under an initiative of Rotary Club of...
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