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Govt to focus on strategic stake sales to meet Rs 2.1 trn disinvestment
Dipam secretary pointed out there have been hiccups due to Covid-19
Govt caps late fee at Rs 500 for GST returns filed before Sept 30
Even those with nil liabilities had huge late fee outstanding under previous provisions; in their case it has been made zero now
India will not import power equipment from China: R K Singh amid standoff
He further said state discoms should not give orders for supply of equipment to Chinese firms
Coal India unions on 3-day strike to protest against commercial mining, FDI
The workers are protesting against commercial mining and the FDI in the coal sector which was implemented last year by the central government
June services activity shrinks for third month in a row; PMI at 33.7
Services sector remains in deep downturn as job losses continue
India's services activity stayed in deep contraction in June: PMI
June was the fourth straight month the index was sub-50, the longest such stretch since a ten-month run to April 2014
India's GDP likely to contract by 6.4% in FY21, says Care Ratings
The rating agency, in May, had projected a decline in GDP growth of 1.5-1.6 per cent in FY21.
India speaks to US, Canada, European & Gulf nations on air travel bubbles
The Ministry of Civil Aviation (MOCA) had on June 23 said India is considering establishing "individual bilateral bubbles" with the US, the UK, Germany and France.
RBI asks banks, NBFCs to reclassify MSMEs as per revised criteria
Last month, the government notified new criteria for classification of micro, small and medium enterprises (MSMEs) on the basis of turnover and investment in plant and machinery
India's first private train to be on track by April 2023: Indian Railways
The Railways indicated that the plan to rope in private players came after an estimate showed that passenger traffic is expected to grow by 55 per cent from the current level by 2030
Tamil Nadu CM invites global e-commerce firms to invest in state
Tamil Nadu has constituted a Special Investment Task Force to attract investments under the leadership of chief secretary K Shanmugham
Chinese imports, UDAY scheme on agenda of power ministers' meet on July 3
"We have reports that malware and Trojan horse can be installed which can be activated remotely to bring down the power sector and the economy," R K Singh said
From ATM withdrawals to a/c balances, banks are back to charging customers
Banks, or the government, did not notify an extension of the ATM related rules, which meant that banks can now charge their customers like before
Govt itself weakening 'atmanirbhar' campaign: RSS affiliate on MSME plan
'Govt's recent notification on the MSME sector will enable large corporates and MNCs take indirect control of the manufacturing sector in India through their subsidiaries'
India's trade deficit with China falls to $48.66 bn as imports decline
Exports to China in the last financial year stood at $16.6 billion, while imports aggregated at $65.26 billion
Look beyond metros, set up new industries in Tier-II, III cities: Gadkari
Gadkari also said that Indian origin companies vying for global success is the way forward towards fulfilling PM's dream of Atma Nirbhar Bharat
India-focussed PE, VC fundraising grounds to a halt amid pandemic
Fund raising in the June quarter dipped to $171 million, a 94 per cent decline over $2.75 billion raised last year
Slowdown: Chhattisgarh bucks trend with rise in GST receipts, vehicle sales
State govt credits revival to putting more money in people's pockets
Rates for construction finance rise; LRD down as banks turn averse to lend
Construction finance rates have risen to 12.9 per cent in Q1 of the calender year 2020 from 11.9 per cent last year
India needs FDI worth Rs 50-60 trn to boost Covid-19 hit economy: Gadkari
Economic activities have been significantly disrupted in the wake of the pandemic and subsequent lockdowns that were in place to curb spreading of infections
