Thursday , 21 January 2021
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BUSINESS

Launch of ‘Airtel Safe Pay’ – India’s safest wayto pay digitally

  ‘Airtel Safe Pay’ protects customers from payments frauds by ensuring money never leaves their accounts without consent Udaipur. To protectAirtel customers from the growing incidents of online payment frauds, Airtel Payments Bank today launched‘Airtel Safe Pay’ – India’ssafest mode for making digital payments. With ‘Airtel Safe Pay’, Airtel customers making UPI or Netbanking based payments through Airtel Payments Bank, ... Read More »

Jk Tyre Records Excellent Performance In Q3 Fy 2020-21

Rs. Crores –          Net Revenue                2776 –         EBITDA                         507 –         PBT                                 343 Udaipur : Indian tyre industry major, JK Tyre & Industries Ltd. (JK Tyre) announced record financials for the third quarter of the current financial year.  Consolidated Sales at Rs.2776 Crores grew 26% – best ever sales for any quarter.  EBITDA doubles to Rs.507 Crores and PBT recorded multifold increase to ... Read More »

Amway Forays into Vegetable and Fruit Hygiene Category to Cater to the Growing Consumer Needs for Hygiene Products

  Udaipur : Amway India, one of the country’s leading FMCG direct selling companies today announced the launch of its latest innovation in-home care category with Amway HomeTM Fruit & Veggie Wash. Building on its expertise in home- care solutions and in its endeavor to cater to the growing need for hygiene care products, Amway forayed into the vegetable and fruit hygiene space ... Read More »

OKIE Electronics vies lucrative growth opportunities in Rajasthan

Launches its high quality and value for money range of OKIE LED TVs in the state  Udaipur :  After much success in multiple states across India, one of India’s fast growing manufacturing companies Okie Ventures now enters Rajasthan withOKIE Electronics. With strategic partnerships and distribution strategies already in place, consumers can soon begin purchasing OKIE’shigh qualitySmartLEDTVs in major cities of Rajasthan. The ‘OKIE Smart TV’ range is available in different ... Read More »

Finance Minister Smt. Nirmala Sitharaman holds Pre-Budget consultation with Finance Ministers of States/ Union Territories (with Legislature) for Budget 2021-22

The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman held the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) here today. The meeting was held through Video Conference and was attended by Chief Ministers, the Deputy Chief Ministers, Finance Ministers, Ministers and Senior Officers from the States/Union Territories and the Union Government. The ... Read More »

One held by CGST Delhi East officials for availing fake input tax credit of Rs 82.23 crore

In the ongoing drive against availment of inadmissible ITC, officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East unearthed a multi-layered network of fictitious firms being used to generate and pass on fake ITC. Through the use of extensive data analytics, officers identified and searched 21 premises between 15/01/2021 and 17/01/2021, leading to the unraveling of a network ... Read More »

Dharmendra Pradhan flags off two welfare projects of ONGC at Betul in MP

In line with Prime Minister Narendra Modi’s vision to increase the use of renewable energy and making India Atmanirbhar, two projects supported by Energy Maharatna ONGC for the welfare of people in Betul district of Madhya Pradesh were launched by Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan today. The Minister laid the foundation stone of a hostel-cum-training ... Read More »

A national delegation of Bharatiya Mazdoor Sangh (BMS) meets Union Minister Dr Jitendra Singh to discuss service matters related to different departments.

A national delegation of BharatiyaMazdoorSangh (BMS) today met Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr.Jitendra Singh and discussed with him service matters related to different departments. The delegation consisted of members from different wings of the BMS including BharatiyaPratirakshaMazdoorSangh (BPMS), SarkariKarmachariRashtriyaParisangh,Association of Civilian Class-1 Group ... Read More »

Union Home Minister Amit Shah lays the foundation stone of 97th Battalion of Rapid Action Force at Bhadravathi in Karnataka

The Union Home Minister Amit Shah laid the foundation stone of 97th Battalion of Rapid Action Force (RAF) at Bhadravathi in Shivamogga district of Karnataka. On this occasion Union Minister of Coal & Mines and Parliamentary Affairs, Pralhad Joshi, Karnataka Chief Minister BS Yediyurappa, Deputy Chief Ministers Govind Karajol and Dr. Ashwath Narayan, Home Minister of Karnataka, Basavaraj Bommai, CRPF Director ... Read More »

Road Safety Month from Monday, 18th January

Union Minister for Road Transport & Highways and MSMEs Nitin Gadkari will inaugurate the Road Safety Month in New Delhi on Monday. The commemoration of this Month marks the Ministry’s commitment for making roads safer for all the road users. The event is organised throughout the country to create awareness among general public and specially amongst the youth to improve safety on roads and ... Read More »

Union Minister Piyush Goyal’s address to Food Corporation of India (FCI) on 57th Foundation Day

Piyush Goyal, Union Minister of Consumer Affairs, Food & Public Distribution, Railways, and Commerce & Industry inaugurated the newly constructed building of Divisional Office, Mysuru on the occasion of 57th Foundation day of FCI on 14th January 2021. The Minister also addressed the officers, staff and workers of Food Corporation of India (FCI) through Facebook Live on the occasion. He lauded the ... Read More »

Tariff Notification No. 04/2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), ... Read More »

Steel Minister Dharmendra Pradhan exhorts industry to become export-centric;Participates in a webinar on “New opportunities for steel in construction and infrastructure”

Minister of Steel and Petroleum and Natural Gas Dharmendra Pradhan today addressed a webinar on “New opportunities for steel in construction and infrastructure”, organized by Indian Steel Association. Pradhan speaking on the occasion exhorted the steel industry leaders to focus on making the industry export-centric and fulfill global requirements too. He said, “Aatmanirbhar Bharat and being ‘Vocal for local” is ... Read More »

INDIA’S FOREIGN TRADE DATA: DECEMBER 2020

India’s overall exports (Merchandise and Services combined) in April-December2020-21* are estimated to be USD 348.49Billion, exhibiting a negative growth of (-)12.65per cent over the same period last year. Overall imports in April-December 2020-21* are estimated to be USD 343.27Billion, exhibiting a negative growth of (-) 25.86per cent over the same period last year.   *Note: i) The latest data for ... Read More »

Tamil Nadu becomes the 11th State to complete One Nation One Ration Card system reform ;Additional borrowing permission of Rs.4,813 crore issued to Tamil Nadu

Tamil Nadu has become the 11th State in the country to successfully undertake “One Nation One Ration Card system” reform stipulated by the Department of Expenditure, Ministry of Finance. Thus, the State has become eligible to mobilise additional financial resources of Rs.4,813 crore through Open Market Borrowings. Permission for the same was issued by the Department of Expenditure. Tamil Nadu has ... Read More »

PM to flag off eight trains facilitating seamless rail connectivity to Statue of Unity with different regions of the country on 17 January

Prime Minister Narendra Modi will flag off eight trains connecting different regions of the country to Kevadiya on 17th January, 2021 at 11 AM via video conferencing. These trains will facilitate seamless connectivity to the Statue of Unity. Prime Minister will also inaugurate several other projects related to the Railways sector in Gujarat during the event. Chief Minister of Gujarat ... Read More »

NSIC and Airtel join forces to accelerate Digital Transformation of Indian MSMEs

Udaipur.  Bharti Airtel (“Airtel”), India’s premier communications solutions provider, is stepping up initiatives to accelerate the digital transformation of Micro, Small and Medium Enterprises (MSME) in India by partnering with National Small Industries Corporation (NSIC), A Government of India Enterprise having its mission “to promote and support MSME sector by providing integrated support services encompassing Marketing, Technology, Finance and other services”.  Airtel ... Read More »

Indian Railway enhances Speed to 130 Kmph Along the Golden Quadrilateral & Golden Diagonal sections

Indian Railway has started the New Year by achieving a landmark achievement by drastically enhancing the maximum speed to 130 kmph for 1,280 km length out of 1,612 Km in Golden Quadrilateral – Golden Diagonal (GQ-GD) route.This covers the entire GQ-GD route over South Central Railway, except Vijayawada – Duvvada section, where signaling up-gradation work is in progress. The enhanced ... Read More »

First Advance Estimates of National Income, 2020-21

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the First Advance Estimates of National Income at both Constant (2011-12) and Current Prices, for the financial year 2020-21 along with the corresponding estimates of expenditure components of the Gross Domestic Product (GDP). 2.  The First Advance Estimates of GDP have been released in accordance with the ... Read More »

CBIC introduces flagship Liberalised Authorised Economic Operator Package for MSMEs

Recognising their critical contribution in supporting the economy especially during the present difficult times of COVID-19 pandemic, Central Board of Indirect Taxes & Customs (CBIC) has taken a new initiative to introduce its flagship “Liberalised MSME AEO Package” for Micro Small and Medium Enterprises (MSMEs). In order to attract MSMEs to become Authorised Economic Operators (AEOs) and avail the various ... Read More »

Rate of exchange of 100 units of foreign currency equivalent to Indian rupees

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.113/2020-Customs(N.T.), dated 17thDecember, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the ... Read More »

Bureau of Indian Standards celebrates the 74th foundation day on 6th January 2021

The Union Minister for Consumer Affairs, Food & Public Distribution, Commerce & Industry and Railways Piyush Goyal attended the 74th foundation day celebration of Bureau of Indian Standards on 6th January 2021.  On this occasion he inaugurated the Toy Testing facilities, which BIS has created across three of its laboratories and announced the launch of Certificate Courses on Assaying & Hallmarking as well ... Read More »

Details of Freight Corridor dedicated explained.

Dedicated Freight corridor, whose Rewari – Madar section on Western corridor, was dedicated to the Nation by Prime Minister Narendra Modi today, is going be the game changer in economic development of the country. Dedicated Freight Corridor Corporation of India is constructing the Western DFC (1506 Route km) and Eastern DFC (1875 route km including Sonnagar-Dankuni PPP Section). The EDFC ... Read More »

Ministry of Railways extends time limit beyond six months for cancellation of PRS counter tickets and refund of fare across reservation counters for the journey period 21.03.2020 to 31.07.2020

Ministry of Railways has decided to extend the time limit beyond six months and upto nine months from the date of journey for cancellation of PRS counter tickets and refund of fare across reservation counters for the journey period 21.03.2020 to 31.07.2020. It is applicable only for regular time tabled trains cancelled by Railways. In case of ticket cancelled through ... Read More »

Toyota Kirloskar Motor ushers in the New Year with new Fortuner and Legender

Udaipur. In line with Toyota’s philosophy of making “Ever- Better Cars”, Toyota Kirloskar Motor (TKM) today launched the new Toyota Fortuner and exclusive new Legender. The Fortuner has been an aspirational SUV for more than a decade now and continues to dominate the segment with over 53% segment share, even today. The new Fortuner is available in 2.8 L Diesel ... Read More »

JK Tyre ties-up with Hyundai Motor India to drive growth in the OEM segment

Udaipur :  Indian tyre industry major and the pioneer of radial tyre technology in the country, JK Tyre & Industries Ltd., has become an exclusive tyre partner with Hyundai Motor India – one of the largest car manufacturer in the country – for its highest selling SUV, Creta. Over the years, JK Tyre has introduced hi-technological products that are best suited ... Read More »

HDFC Bank witness loan growth of 19% in Q3FY21

HDFC Bank has witnessed a loan growth of 19 percent to Rs 10,82,000 crore during the third quarter ended December 2020 (Q3FY21). The bank had an outstanding loan of Rs 9,36,000 crore as of December 31, 2019, and a growth of around 4 percent. It stood at Rs 10,38,300 crore as of September 30, 2020. The bank’s deposits aggregated to ... Read More »

HDFC planning to raise Rs 5,000 crore via NCDs

Housing Development Finance Corporation (HDFC) is planning to raise up to Rs 5,000 crore by issuing bonds on private placement basis to meet its business requirements. The bank will issue secured redeemable non-convertible debentures (NCDs) on private placement basis with an issue size of Rs 2,000 crore and an option to retain over-subscription of up to Rs 3,000 crore. The ... Read More »

AssureShift – Simplifying Packing Moving Experience in India

With an upsurge in openings for job, education, and commercial development across the country, there is a rise in the number of people frequently migrating from one place to another. Due to the ever-growing relocation needs and to ensure people avoid unnecessary expenditures and trauma because of goods damages and self-injuries, several moving firms have come up in the market ... Read More »

YEAR END REVIEW-2020, DEPARTMENT OF POSTS

For more than 150 years, the Department of Posts (DoP) has been the backbone of the country’s communication and has played a crucial role in the country’s social economic development. It touches the lives of Indian citizens in many ways: delivering mails, accepting deposits under Small Savings Schemes, providing life insurance cover under Postal Life Insurance (PLI) and Rural Postal ... Read More »

Income Tax Department conducts searches in Delhi

The Income Tax Department carried out search and seizure action on a number of hawala operators engaged in the activity of routing and handling unaccounted cash in Delhi region. The search action has resulted in unearthing of incriminating evidences revealing various shell entities being used for raising bogus purchase/sale bills, and routing of unaccounted funds through several layers of bank ... Read More »

Ensure all last mile connectivity in DFC- Shri Piyush Goyal

Railways should gear up to ensure all last mile connectivity as it speeds up the problem progress of DFCs in the country. This was said by Piyush Goyal Minister for Railways and Commerce & Industry and Consumer Affairs, Food &  Public Distribution while reviewing the progress of upcoming DFCs He asked the officials to continue to engage and coordinate with ... Read More »

Union Ministry of Road Transport and Highways (MoRTH) extends validity of Vehicular documents like DLs, RCs, Permits etc till 31st March 2021

The Union Ministry of Road Transport and Highways (MoRTH) has extended the validity of vehicular documents like DLs, RCs, Permits etc till 31st Mach 2021 in the light of need to prevent spread of Covid -19. Ministry has today issued a directory to the States and Union Territory administrations in the regard. MoRTH had earlier issued advisories dated 30th March, ... Read More »

COVID-19 had massive impact on Indian aviation sector in 2020

New Delhi:  The COVID-19 pandemic had a massive impact on the Indian aviation sector in 2020 and major airlines facing losses and challenging times laid off employees, sent them on leave without pay, or cut their salaries. The government also had to extend the deadline for submitting bids for Air India five times during the year. When the pandemic started ... Read More »

FinMin allows Rajasthan to borrow Rs 2,731 cr more post ease of doing biz reform

New Delhi:  The Finance Ministry on Saturday said it has permitted Rajasthan to borrow an additional Rs 2,731 crore after the state successfully undertook ease of doing business reforms. Rajasthan has now joined the five other states namely, Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana, which have completed the reform facilitating ease of doing business to be eligible ... Read More »

Rajasthan becomes 6th State to complete ease of doing business reforms ; Additional borrowing permission of Rs. 2,731 crore issued

Rajasthan has become the 6th State in the country to successfully undertake “Ease of Doing Business” reform stipulated by the Department of Expenditure, Ministry of Finance. Thus, the State has become eligible to mobilise additional financial resources of Rs. 2,731 crore through Open Market Borrowings. Permission for the same was issued by the Department of Expenditure on 24th December, 2020. Rajasthan has now ... Read More »

FedEx Survey Shows Indian SMEs Believe Growth in E-Commerce to Continue, Even as COVID Restrictions Lift

Udaipur :  FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, shared the findings of a recentsmall and medium enterprise (SME)-focused survey in India. The FedEx-commissioned survey was conducted by the independent research firm Dun & Bradstreet India to identify trends in e-commerce and digital adoption among SMEsduring the COVID-19 pandemic. The ... Read More »