Business
Jairam Ramesh Criticizes GST Tax Slabs for Popcorn
about 1 hour ago
1 mins
Congress MP Jairam Ramesh criticized the GST Council's decision on popcorn tax slabs, calling it absurd. The council clarified that popcorn with salt and spices is taxed at 5% if not pre-packaged, 12% if pre-packaged, and 18% if mixed with sugar. Ramesh highlighted issues like GST evasion and input tax credit fraud, questioning if the government will reform the GST system. He noted the complexity of the GST system, which was intended to be simple, and called for a potential GST 2.0.
Business
Jairam Ramesh Criticizes GST Tax Slabs for Popcorn
about 1 hour ago
Business
Raghav Chadha Applauds Launch of 'Udaan Yatri Cafe' at Kolkata Airport
about 2 hours ago
2 mins
The Ministry of Civil Aviation has launched the 'Udaan Yatri Cafe' at Kolkata Airport to address overpriced food and beverages at airports. This initiative, introduced by Civil Aviation Minister Rammohan Naidu Kinjarapu, aims to provide affordable essentials like water and snacks. AAP MP Raghav Chadha, who raised concerns about high prices, praised the move. If successful, the cafe will expand to other airports. Chadha also highlighted rising airfares and poor airport management, urging for nationwide affordable amenities.
Business
Raghav Chadha Applauds Launch of 'Udaan Yatri Cafe' at Kolkata Airport
about 2 hours ago
Business
CII Proposes Reforms in India's Priority Sector Lending Framework
about 4 hours ago
3 mins
The Confederation of Indian Industry (CII) has proposed reforms to India's Priority Sector Lending (PSL) framework, suggesting regular updates to align with emerging priorities. CII recommends expanding PSL to include sectors like green initiatives, digital infrastructure, and healthcare. They advocate for a shift to Outcome-Based Metrics, focusing on measurable outcomes. CII also suggests setting up a committee to revise PSL norms and explore the need for new Development Finance Institutions (DFIs).
Business
CII Proposes Reforms in India's Priority Sector Lending Framework
about 4 hours ago
Business
Shubhra Ranjan IAS Study slapped monetary penalty for advertising misleading claims
about 7 hours ago
3 mins
The Central Consumer Protection Authority fined Shubhra Ranjan IAS Study Rs 2 lakh for misleading advertisements about UPSC Civil Service Exam 2023 results. The ads claimed high success rates without disclosing the specific courses taken by successful candidates. An investigation revealed most students took a Political Science and International Relations crash course. The government stressed the importance of transparency for consumers to make informed decisions about their education choices.
Business
Shubhra Ranjan IAS Study slapped monetary penalty for advertising misleading claims
about 7 hours ago
Business
Prime Minister Modi to Distribute 71,000 Job Letters at Rozgar Mela
about 7 hours ago
2 mins
Prime Minister Narendra Modi will distribute over 71,000 appointment letters to new recruits on December 23 through video conferencing. The Rozgar Mela event, held at 45 locations across India, aims to prioritize employment generation. Various Ministries and Departments, including Home Affairs and Health, are involved. The government is filling vacant posts and has launched schemes like Aatmanirbhar Bharat to boost employment. Initiatives like Make in India also focus on job creation.
Business
Prime Minister Modi to Distribute 71,000 Job Letters at Rozgar Mela
about 7 hours ago
Business
HDFC Securities expects India GDP to moderate to 6.4% in 2024-25
about 7 hours ago
3 mins
HDFC Securities forecasts India's GDP to grow by 6.4% in 2024-25, with risks from urban demand slowdown and limited private investment. Rural demand and government spending are key growth drivers. The Reserve Bank revised its growth forecast to 6.6% after a 5.4% growth in the July-September quarter. For 2025-26, GDP is expected to improve to 6.7%. Investments and rural consumption will drive growth, with sectors like BFSI and IT leading. Government spending is expected to rise in the latter half of 2024-25.
Business
HDFC Securities expects India GDP to moderate to 6.4% in 2024-25
about 7 hours ago
Business
Challenges and Growth in India's Hospitality Sector: Insights from CII and EY Report
about 7 hours ago
3 mins
The Confederation of Indian Industry (CII) and Ernst & Young India (EY) report highlights challenges in India's hospitality sector, including data collection issues and regional disparities. The lack of comprehensive data affects policymaking and underreports the industry's employment contribution. Skill gaps lead to wage differences, with skilled professionals earning more than unskilled workers. The sector, employing 80 million people, faced a downturn during COVID-19, but is recovering, with domestic tourism driving growth and economic contributions expected to double by 2034.
Business
Challenges and Growth in India's Hospitality Sector: Insights from CII and EY Report
about 7 hours ago
Business
Wood cost to tear off writing and printing paper margin: Crisil report
about 8 hours ago
3 mins
The operating margin for Indian writing and printing paper manufacturers is expected to drop by 400-500 basis points to 15-16% this year due to higher wood costs and lower realisations. Revenue is projected to decline by 2-3%, with volume growing slightly by 2-4%. Factors such as low-cost imports and rising domestic wood costs are impacting profitability. Despite these challenges, the industry's credit profiles remain strong. Operating margins are expected to recover next year as wood supply improves.
Business
Wood cost to tear off writing and printing paper margin: Crisil report
about 8 hours ago
Business
Union Minister Rammohan Naidu Kinjarapu Launches UDAN Yatri Cafe at Kolkata Airport's Centenary Celebration
about 8 hours ago
2 mins
Union Minister Rammohan Naidu Kinjarapu inaugurated the Centenary Celebrations of Kolkata's Netaji Subhas Chandra Bose International Airport, launching the UDAN Yatri Cafe to offer affordable food for travelers. The event also featured the release of a Centenary Postal Special Cover, My Stamp, Souvenir Coin, and a coffee table book. A photo exhibition and signature campaign were held, with tributes to Netaji Subhas Chandra Bose. The airport, serving 26 million passengers annually, plays a key role in connecting Kolkata globally.
Business
Union Minister Rammohan Naidu Kinjarapu Launches UDAN Yatri Cafe at Kolkata Airport's Centenary Celebration
about 8 hours ago
Business
Indian Market Faces Volatility Amid IPO Activities and Global Trends
about 9 hours ago
4 mins
The Indian market is experiencing volatility as participants monitor foreign institutional investment trends, global market performance, and domestic IPO activities. The 55th GST Council meeting decisions and the US Fed's interest rate cuts are influencing market sentiment. The market lost nearly 5% this week, with Nifty and Sensex closing near weekly lows. Sectors like pharma remain resilient, while metals, energy, and banking face pressure. Traders are advised to manage risks amid these challenges.
Business
Indian Market Faces Volatility Amid IPO Activities and Global Trends
about 9 hours ago