GST collection up 15%, tops ₹1.38 lakh crore in January

January is the fourth straight month when GST collections crossed ₹1.30 lakh crore.

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Significant progress made in health outcomes: Economic Survey

The survey also credited the increase in institutional deliveries and improvement in maternal health to better infrastructure and improved access to contraceptives.

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Core sector output up 3.8% in December

The index of eight core industries measures the output of eight infrastructure industries - coal, crude, natural gas, refinery products, fertilisers, cement, steel and electricity.

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India to boost spending with near-record debt: Budget Preview

Economists predict Sitharaman will target a fiscal gap of 6.1% of GDP next fiscal year after ending the current year with a 6.8% shortfall, thanks to looser spending to see the economy through the pandemic.

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Economic Survey leaves no escape from fuel price hike after polls

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Budget FY23: Can Nirmala Sitharaman find enough resources while providing more for capital expenditure?

​​Can she find enough resources for priority areas while providing more for capital expenditure? A look at the budget numbers that hold the key to walking the tightrope:

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MF body asks fund houses to freeze foreign investments

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Air India moves US court to prevent Devas demand for recovery of $1.2 billion arbitration awards

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Budget session from today with reduced legislative time

The government and the MPs will get a total of only 79.5 hours, around 60% of the scheduled sitting hours, for pursuing their legislative agenda and raising issues of immediate public concern in the Rajya Sabha during the first half of the Budget session that commences on Monday.

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Niti prods railways to create infrastructure for electric vehicles at stations

Niti Aayog has suggested that railways should designate at least 20% of the parking capacity at railway stations or office complex for setting up electric vehicle charging bays or battery charging and swapping stations, and also install at least one EV charging point at each targeted manned level crossing and railway colony.

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How alternative financing is empowering small businesses’ growth

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Budget 2022: Five areas for some relief to households

There is a case for some relief to households. Here are some areas in which this is possible.

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Budget may unveil more semi-high-speed trains

Besides significant increase in budgetary allocation, the government is also likely to announce the introduction of more semi-high-speed trains that can run at 180-200 kmph on Golden Quadrilateral (GQ) routes in the Union Budget that will be presented on Tuesday.

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Impact of pandemic? Women jobseekers fell by 34% in 2021

Not only have more women lost jobs compared to men during the pandemic, but also fewer women are returning to work. The number of women actively looking for work each month reduced by three million between 2019 and 2021, says the latest bulletin from Centre for Monitoring Indian Economy (CMIE) and Centre for Economic Data and Analysis (CEDA).

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IndusInd Bank Q3 profit rises 36% to Rs 1,161 crore

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BharatPe ropes in agency for independent audit

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India, United Kingdom conclude round 1 of free trade agreement talks

The talks covered 26 policy areas including trade in goods and services such as financial services and telecommunications, investment, intellectual property, customs, sanitary and phytosanitary measures, technical barriers to trade, gender, sustainability and geographical indicators.

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Govt plans over $40 billion for food, fertiliser subsidy for 2022-23

The government is likely to set aside about Rs 3 lakh crore ($40 billion) on food and fertiliser subsidies in its budget next week for 2022-23, officials said, roughly the same amount the government budgeted for this fiscal year ending in March.

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RBI 'behind the curve' criticism: Deputy Governor Patra says approach has served us well

India is placed "much better" to deal with future waves of the pandemic as compared to being affected the worst in the first wave after the nationwide lockdown, he said, expressing concerns on inflation being elevated due to crude prices.

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Govt to permit retrofitting of CNG kit in petrol cars soon

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FinMin allows 2 states to borrow additional Rs 7,309 cr

"Department of Expenditure has granted additional borrowing permission of Rs. 7,309 crore to two States for undertaking the stipulated reforms in the power sector," an official statement said.

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Chandrasekaran likely to chair new Air India board

A new Air India (AI) board led by Tata Group chairman N Chandrasekaran will be formed soon even as several group executives from TCS, AirAsia India and Tata Steel are expected to move to the ailing carrier to revive operations. Chandrasekaran, who is awaiting security clearance from the Centre to lead the Air India board, will bring in an expat CEO to pilot the carrier. This will be his second expat CEO hire after German citizen Puneet Chhatwal for Taj hotels.

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ArcelorMittal set to invest Rs 1.7 lakh crore in Gujarat

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Covid impact: No ‘halwa’ ceremony before Budget

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Sensex tanks 581 points as Federal Reserve signals rate hike

A statement by Jerome Powell, chairman of the US central bank, the Federal Reserve, roiled markets around the world after he clearly indicated on Wednesday evening that the Fed would hike rates in March, ending a nearly two-year old market support programme through near-zero interest rate and buying of bonds from markets.

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‘This is your Captain... Welcome to Air India’s future’

Air India’s Maharaja opened his eyes to a whole new world on Thursday, with the Tata Group reacquiring its old airline along with AI Express and a 50% stake in ground handler AI-SATS. Pilots on all AI flights of Friday will greet guests with the line, “This is your Captain speaking... Welcome to the future of Air India”. And Tata Sons chairman Natarajan Chandrasekaran promised employees of the airline that “the golden age lies ahead”.

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RBI may raise reverse repo rates

As the recent surge in Omicorn variant has failed to derail the economy in a big way, growth may not be as much of a concern, rising rates in the overnight call money rates, the case for a rate hike becomes stronger

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Tatas to get Air India today, ready with makeover plan

Sixty-nine years after it was nationalised, Air India is all set to return to founder Tata Group on Thursday. The legal documentation for this big-ticket transfer is complete, except for a mandatory no objection from Ireland-based lessors of some aircraft that is expected by late Wednesday night.

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UK can gain 'first mover' advantage in India with FTA: Report

British companies are poised to gain from a "first mover" advantage ahead of the US and European Union (EU) in India as a result of a free trade agreement (FTA), which has the potential to overshadow other major UK trade deals, a new UK think-tank analysis said on Wednesday.

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IMF lowers GDP forecast for FY22 to 9% from 9.5%

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Phased introduction of Labour Codes on cards

The two codes which may come in from the next fiscal will be the Social Security Code and the Code on Occupational Safety, Health and Working Conditions.

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Mehta retains top position at HUL as Unilever rejigs business model

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Tata chief, Nadella, Pichai among Padma awardees

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After 5-day losing streak, sensex sees bounceback

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Budget must focus on near-term income support measures, delay fiscal correction: Report

Citing the latest National Statistical Office's estimate on GDP for this fiscal, a report by CRISIL on Tuesday said household consumption is lagging fiscal 2020 levels by three percentage points this fiscal, making it the worst performer among the expenditure-side components of the GDP since the pandemic.

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Roadmap in place for coal supply: Ministry of railways

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Air India to check cabin crew BMI when they report for flights

Preparing for a makeover as it heads back to founder Tata Group, Air India will now check the body mass index (BMI, basically a ratio of a peron’s weight and height), and overall grooming of its cabin crew members when they report for flights. The airline on January 20, 2022, informed cabin crew of its entire fleet that “grooming associates have been assigned the task of recording observations on BMI management/grooming/uniform turnout”.

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CCI looks to ease market share disclosure norms for mergers

At present, disclosures are made under Form-II if the market share of the post-merger entity exceeds 15%. The form has about 30 queries that seek voluminous details about the deal and post-merger market and the business environment.

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Budget RE Discounts Proceeds from LIC IPO

The Centre has not accounted for proceeds from the initial public offering (IPO) of Life Insurance Corporation (LIC) in its revised budget estimates.

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PM Modi toasts young innovators, Indian CEOs of global majors

Hailing the important role of youth in nation building, PM Modi on Monday underlined the growing prowess of India in innovation and the start-up sphere as he conveyed the nation’s pride in the fact that some major global companies are being led by young Indian CEOs. “Today we feel proud when we see the youth of India excelling in the world of start-ups. We feel proud when we see that the youth of India are innovating, taking the country forward,” the PM said.

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Third wave drags business resumption to pre-Covid levels

The Nomura India Business Resumption Index fell to 100.5 for the week ended January 23 from 102.2 in the prior week, with NIBRI now back at the pre-pandemic levels (100).

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Budget 2022: Swaminathan Aiyar shares his expectations and key themes likely in FM Sitharaman's speech

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Indians placed record bets on US stocks in ’21

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CAs’ clean chit can’t stall co's folding: Supreme Court

In Antrix-Devas judgment, SC ruled that proceeding for winding up of a company on ground of perpetrations of fraud can't be stalled by shareholders citing reports from CAs, auditors giving clean chit or non-discovery of fraud. SC junked arguments of Devas and shareholders that since the auditors’ reports of 2012, 2016, 2017 and 2020 certified “no fraud on or by the company has been noticed or reported during the course of the audit”, the Antrix-Devas deal was terminated not on fraud grounds.

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‘Devas action won’t delay Air India handover’, target remains January-end

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Devas shareholders to continue seizing Indian assets abroad

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Assocham requests govt to remove custom duty on copper concentrate

The Indian copper industry imports 95 per cent of the copper concentrate on account of its limited availability in the country. The domestic availability is merely 5 per cent of the total requirement.

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India's economy has some bright spots, a number of very dark stains: Raghuram Rajan

The Indian economy has "some bright spots and a number of very dark stains" and the government should target its spending "carefully" so that there are no huge deficits, noted economist and former RBI Governor Raghuram Rajan said on Sunday. Known for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic.

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A populist Budget with a rural slant: What could be in Budget 2022?

Both Omicron and elections could have a bearing on Nirmala Sitharaman’s budget to be presented on February 1. Forthcoming assembly polls might have the upper hand, making it a populist budget with a rural slant.

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‘Blursday’ to ‘extrepreneur’: Gen Z terms meet corp talk

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Sharp fall in cop revamp funds as states fail to utilise them

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