Monday, July 4, 2022

States urged to reform, seize export space being vacated by China

ET has gathered that the thrust was on initiating key state-level reforms to increase exports by grabbing the low-skill manufacturing base China is exiting as wages rise there.

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Syngenta India gets govt nod to spray fungicide using drones

Syngenta is among the first companies to get approval for spraying agrochemicals after submission of safety and bio efficacy data, it said, adding that trials of these products were replicated in the institutes accredited by the government before getting approval.

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Gujarat, Karnataka, Meghalaya top startup ecosystem rankings

Gujarat, Karnataka and Meghalaya were the ‘best performers’ in developing startup ecosystems for entrepreneurs last year, according to the latest ranking of states and union territories by the Centre's Department for Promotion of Industry and Internal Trade (DPIIT). Kerala, Maharashtra, Odisha, Telangana and Jammu & Kashmir were in the next category of ‘top performers’.

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Hotels, restaurants barred from levying service charge by default

The Central Consumer Protection Authority (CCPA) on Monday barred hotels and restaurants from levying service charges automatically or by default in food bills. It allowed customers to file complaints in case of violation with the consumer commissions, including through ‘e-daakhil’, and even district collectors.

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WTO defers ruling on US’ steel, aluminium tariff dispute with India, 5 others

India had complained that the duties were inconsistent with provisions of the WTO's General Agreement on Tariffs and Trade (GATT) 1994, and of the Agreement on Safeguards. New Delhi had listed multiple violations of WTO norms.

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RBI gives green signal to HDFC, HDFC Bank merger proposal

HDFC Bank on Monday said it has got banking sector regulator RBI's nod for the merger proposal of its parent HDFC Ltd with itself. Touted as the biggest transaction in India's corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued at about $40 billion, creating a financial services titan.

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'Schengen Visa processing to happen within a fortnight'

A trip to picturesque Santorini will no longer be plagued by visa delays. The Greece embassy says it has resolved the issue causing visa processing delays. Greece is among the 26 countries that are a part of the Schengen area issuing Schengen visas.

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Sunday, July 3, 2022

Centre red-flags 'disturbing trends' in states' finances

Telangana leads with Rs 56,767 crore of off budget borrowings between 2019-20 and 2021-22, which is over 4.5% of its GDP. Sikkim and Andhra Pradesh's off budget borrowings were near 2.5% of their GDP while Uttar Pradesh and Kerala have indulged in off budget borrowings of Rs 24,891 crore and Rs 10,130 crore respectively, data shared at the meet showed.

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Three of top 10 firms lose Rs 73,630 crore in m-cap; RIL biggest drag



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