Business

In another first, Indian Railways have introduced new General Conditions or Contracts (GCC) for Services to define the terms & conditions for contractors engaged in service contracts for non-operational areas such as Housekeeping, Facilities Management, Consultancy etc., as distinct from Works. Under the leadership of Union Minister of Railways & Coal, Shri Piyush Goyal the Ministry of Railways is committed ...

Benchmark Sensex plummeted 840 points on Friday — its biggest single-day fall in two-and-a-half years — while the NSE Nifty ended below the 10,800-mark as the post-Budget sell-off continued for the second straight day. The Budget 2018-19 presented on Thursday imposed long- term capital gains tax of 10 per cent on equities. Investors will also have to pay 10 per ...

Finance Minister Arun Jaitley delivered his Budget 2018 speech on Thursday, with the government focusing on the agricultural sector and farmers’ income. In his speech, Jaitley said Budget 2018 will focus on agriculture and rural economy, health, infra, senior citizens. He said structural reforms will help the Indian economy become the fifth largest in the world very soon. Union Budget ...

More than 100 employees and former staffers have become millionaires after India’s second largest startup company’s stock sale of 500 million rupees. About 200 employees working in the company have sold their own Optional Option (ESOP). Their cost is around 300 crores. After this, the company’s market valuation has risen. Employees of the company have been sold by selling these ...

DAINIK NATION BUREAU The Economic Survey paints as bright a picture for India’s short and medium term growth, while pointing out some pitfalls. Growth in the current fiscal would be quarter of a percentage point larger than the CSO’s advance estimate of 6.5%, owing to a pick-up in exports and the base effect from poor fourth quarter growth in Demonetisation-hit ...

Halting two months of decline, the GST collections gathered momentum in December, rising to Rs 86,703 crore. “Total revenue Collections under GST for the month of December 2017 (received in December 2017/January up to January 24, 2018) has been Rs 86,703 crores till January 24 2018,” the Finance Ministry said in a tweet. Total collections under the Goods and Services ...

Mobile data rates will see a further drop to as low as Rs 2.7 per GB with Reliance Jio announcing extra 500 MB data for its users of select plans as part of ‘Republic Day offer’, says a Bank of America Merrill Lynch report. As per calculations done by the BoFA-ML analysts, per GB data will cost Rs 2.7 under ...

India’s oil ministry is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials told Reuters on Monday. Prime Minister Narendra Modi, who faces elections in key states later this year, and a nationwide election in early ...

Mauritius was the largest source of foreign investment in India, followed by the US and the UK, according to a census by the Reserve Bank. Singapore and Japan were the next two sources of foreign direct investment (FDI), said the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17, released by RBI today. Of the 18,667 companies ...

DAINIK NATION BUREAU Uttarakhand Finance Minister made a strong plea for the release of green bonus and also apprised him about the financial problems being faced by the state due to the implementations of the recommendations of the 14th Finance Commission. Prakash Pant discussed the schemes underway in the state at a pre-budget meeting held at vigyan bhawan led by ...