Mumbai (IANS) With the pandemic pushing up the need to spend more towards Covid relief measures, states have lined up massive borrowing plan for the second quarter of current financial year. In all, states and union territories expect to borrow Rs … read more
New Delhi (IANS) Finance Minister Nirmala Sitharaman has said that in India, fiscal policy measures are being taken to get better environmental outcomes. In her address at the G20 High-Level Tax Symposium on Tax Policy and Climate Change, ahead of the … read more
New Delhi (IANS) The $100 billion information technology (IT) services sector is expected to stage a strong recovery this fiscal, with revenue growth of 10-11 per cent, a report said. The improvement will ride on increasing outsourcing and accelerating digital transformation … read more
New Delhi (IANS) Inflation risks for 2021 remain skewed to the upside, especially core readings, on higher commodities’ prices, said DBS Group in a research report. Accordingly, the report cited higher commodities’ prices, rigidity in fuel taxes and idiosyncratic factors apart … read more
New Delhi (IANS) India’s domestic road logistics sector is likely to grow by 6-9 per cent in FY22, ratings agency ICRA said. It said that the logistics sector reported a strong recovery over H2 FY2021, a sharp contrast to the steep … read more
New Delhi (IANS) In a major move towards ease of doing business, new guidelines direct that businesses buying shares or commodities traded through recognised exchanges will not be required to deduct TDS on the transaction. The Central Board of Direct Taxes … read more
New Delhi (IANS) Rise in the use of electric vehicles will result in increasing imports to India from Germany, said a Grant Thornton Bharat-FICCI report. At present, India and Germany aim to partner by leveraging advantages on each side and intensify … read more
Bengaluru (IANS) Union Finance Minister Nirmala Sitharaman on Friday ruled out any cut in excise duty levied on petroleum products for now. Addressing a press conference here, she said that there is no such proposal at the present to reduce prices … read more
Mumbai (IANS) Reliance Infrastructure Ltd is in talks with Singapore based-Cube Highways to sell its 4 road assets for an enterprise value of Rs 1,430 crore. The company will use the proceeds from the sale to cut down its debt. Singapore-based … read more
New Delhi (IANS) The low base of last year due to the stringent national lockdown aided in propping up India’s eight major industries’ output during May 2021 on a year-on-year basis. The pandemic-triggered national lockdown (from late March 2020) during Q1FY21 … read more