GST exemption threshold doubled, Kerala allowed to impose calamity cess

New Delhi (IANS): In a major relief for MSMEs and small businesses, the GST Council on Thursday doubled the exemption threshold from Rs 20 lakh to Rs 40 lakh and raised the limit for availing the composition scheme to Rs 1.5 crore from the present…

India to retain status as fastest growing economy in 2019-20: World Bank

United Nations (IANS) Fuelled by policy reforms and rebound in credit, India's economy is forecast to expand by 7.5 per cent during the 2019-20 fiscal year and retain its position as the fastest growing major economy in a world of slowing…

Trade strike hits banks, government offices in Maharashtra

Mumbai (IANS) Most of the central government offices, banks, port trusts and other state government departments wore a deserted look on Tuesday as employees launched a two-day nationwide trade strike, a top organiser said here.

Sensex opens higher over easing trade tension

Mumbai (IANS): The key Indian equity indices opened higher on Monday amid expectation of an ease in the US-China trade tension.

Talks between US and China is scheduled to be held on Monday and Tuesday.

All the sectors on BSE and NSE…

Skills gap puts $1.97 tn growth at risk in India

New Delhi (IANS) India may have to forgo as much as $1.97 trillion in gross domestic product (GDP) growth promised by investment in intelligent technologies over the next decade if the country fails to bridge the skills gap, a new report…

India's GDP estimated to grow at 7.2% in 2018-19

New Delhi (IANS): India's GDP (gross domestic product) is estimated to grow at 7.2 percent in 2018-19 compared to 6.7 percent attained during the previous fiscal, official data showed here on Monday.

"Real GDP or GDP at Constant Prices…

Bankers to go on 2-day nationwide strike, services may be hit

New Delhi (IANS): Banking services across the country are likely to be affected on January 8-9 due to a nationwide strike, notice for which was served on Saturday by the All India Bank Employees Association (AlBEA) and the Bank Employees Federation…

Honor 10 Lite with dewdrop notch to launch in mid-Jan

New Delhi (IANS): Huawei's sub-brand Honor is set to launch Honor 10 Lite with a 24MP selfie camera, its home-grown Kirin 710 processor and a dewdrop notch display in India in mid-January, industry sources told IANS on Friday.

This is the…

Maharashtra's Solapur eyes to be sourcing hub for uniforms

Bengaluru (IANS): Textile city Solapur in southeast Maharashtra is eying to be the country's uniform sourcing hub, said a trade official on Thursday.

"We plan to have about 2,000 garment units in the textile city to become the world's…

Lenders recover Rs 80,000 cr via NCLT, Rs 70,000 cr more likely: Jaitley

New Delhi (IANS): Banks struggling with the Rs 10-lakh crore non-performing assets (NPAs or bad loans) crisis are likely to recover around Rs 70,000 crore by the current fiscal-end over the Rs 80,000 crore they have already recovered through the insolvency…