Electricity futures may become a reality next fiscal

New Delhi (IANS) After prolonged delays, India may soon open derivatives market for the power sector allowing both power generators and consumers to enter into futures contract and use it as a new hedging tool to mitigate price volatility and other…

Growth Catalyst: Jewar Airport expected to create infra, generate jobs

New Delhi (IANS) The upcoming International Airport at the Jewar township of Greater Noida is expected to be a growth catalyst for the region, say industry analysts, as the project is expected to create urban infrastructure and generate jobs.

Sitharaman invites suggestions on 'GST Feedback Diwas'

New Delhi (IANS) Finance Minister Nirmala Sitharaman has invited suggestions on simplifying of return filing process under the Goods and Services Tax (GST) regime as the central and state GST authorities have organised a nationwide 'GST Stakeholder…

Vodafone Idea to shut if it doesn't get relief: Birla

New Delhi (IANS) The country's largest telecom operator will shut its business and move towards insolvency if it does not get any relief regarding the over Rs 40,000 crore adjusted gross revenue-based (AGR) dues it has to pay the Department of…

India Inc. watches as Maha govt reviews 'mega-infra projects'

Mumbai (IANS) Maharashtra government's decision to 'review' all major infrastructure projects in view of a major financial crisis suffocating the state has sent shockwaves in India Inc., though nobody has commented openly so far in the…

Pak inflation surges to nine-year high

Islamabad (IANS) Inflation in Pakistan rose to 12.7 per cent year-on-year, the highest level in nine years mainly driven by an increase in prices of food items, it was reported.

The Pakistan Bureau of Statistics (PBS) reported on Wednesday…

RBI cuts GDP forecast to 5% in FY20; sees early revival signs

New Delhi (IANS) With the second quarter GDP slipping to a six-year low of 4.5 per cent and expected to remain muted, the Reserve Bank of India (RBI) on Thursday cut GDP growth forecast for the current fiscal to 5 per cent.

In its October monetary…

End of road for GST rate cuts? Council to mull tax revamp

New Delhi (IANS) A major revamp of goods and services tax structure is on cards when the GST Council meets during second fortnight of December to review the existing tax structure and compensation cess rates as part of a larger exercise to shore up…

AWS puts Mahindra Electric in top gear as India adopts EVs: CEO

Las Vegas (IANS) With India planning to replace a significant portion of its conventional internal combustion engine fleet by electric vehicles (EV) in the next decade and target 30 per cent of all cars on the road to be EVs by 2030,…

Airtel to consider equity-debt mix for Rs 35K cr AGR funds

New Delhi- (IANS) Bharti Airtel board will meet on Wednesday to explore ways for fundraising to meet the AGR dues of Rs 43,000 crore to the government within the stipulated three month period expiring on January 24.

The company will consider…