Never said don't understand Bombay people, says FM calling news 'parody'

New Delhi (IANS) Finance Minister Nirmala Sitharaman has strongly denied quotes attributed to her by a report in The Print where she is quoted as snubbing industrialists and saying "I dont understand Bombay people".

In an astonishing turn of…

Transmission rates improving, inflation spike factored in: RBI Guv

New Delhi (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said the transmission of rate cuts was gradually and steadily improving and allayed any fears on the latest inflation spike to 7.59 per cent saying these numbers broadly…

18% GST on food-drinks within or away from hotel: Maha authority

Mumbai (IANS) In a significant order, the Maharashtra Authority for Advance Ruling (MAAR) rejected a plea by a five-star hotel contending that food and beverages served in a restaurant away from the hotel premises should attract 5 per cent GST instead…

DoT directs telcos to pay AGR dues 'immediately'

New Delhi (IANS) Department of Telecommunications (DoT) on Friday directed all telecom licensees to make immediate payment of dues in compliance with the Supreme Court order of October 24 last year.

The DoT'S Licensing Finance wing, in…

Sensex slips 106 points on inflation, coronavirus worries

Mumbai (IANS) Indian markets closed lower on Thursday along with major world indices over a sharp rise in coronavirus-related deaths in China. Increase in retail inflation and prices of LPG cylinder also dampened the investors' mood further.

Govt to issue spl sovereign bonds sans investment caps: Sanjeev Sanyal

New Delhi (IANS) In line with the Budget announcement , Government would issue special series bonds in rupees which will be completely outside capital controls to let the foreign investors buy and sell these sovereign rupee bonds freely, principal…

Odisha govt signs MoU with HDFC Bank to boost startups

Bhubaneswar (IANS) The Odisha government on Wednesday signed a Memorandum of Understanding (MoU) with the HDFC Bank Limited to provide smart banking solutions to Startups in the state.

The Micro Small and Medium Enterprises (MSME) Department…

India's industrial output slips by 0.3% in Dec

New Delhi (IANS) Decline in manufacturing activity contracted India's December factory output by 0.3 per cent from a rise of 1.82 per cent in November and 2.5 per cent during the corresponding period of the previous year.

"The 'Quick…

FM cites FDI, FPI, GST collection to show 'reviving economy'

New Delhi (IANS) In a bid to counter criticism over the slowdown, Finance Minister Nirmala Sitharaman on Tuesday stressed on seven economic indicators and data to show that the Indian economy is stable and said that green shoots for its revival are…

Fuel prices cut for fifth consecutive day on Monday

New Delhi (IANS) Fuel prices dropped further for the fifth consecutive day on Monday as international crude prices fell due to demand slump. The Price of petrol was cut by 13-16 paise a litre and that of diesel by 16-20 paise a litre across all major…