Clipped from: https://www.thehindubusinessline.com/economy/policy/pli-scheme-for-textiles-sector-only-mfg-firms-registered-in-india-to-be-eligible-for-sops/article36707327.ece?homepage=true Only one company of a group will be allowed to be registered for PLI for Textiles Only manufacturing companies registered in India will
Day: September 28, 2021
As China bans cryptocurrencies, Indian exchanges ‘feel the heat’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/as-china-bans-cryptocurrencies-indian-exchanges-feel-the-heat/article36683887.ece?homepage=true See slowdown in trading volume; players say this is a short-term trend China’s blanket ban on crypto mining and transactions resulted in a
PLI scheme: Auto component companies hope to pare imports | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pli-scheme-auto-component-companies-hope-to-pare-imports-121092701377_1.html It would also reduce imports from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in
NCLT allows Future Group to hold EGMs to sell businesses to Reliance | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclt-allows-future-group-to-hold-egms-to-sell-businesses-to-reliance-121092800934_1.html The deal would consolidate Mukesh Ambani’s position in the Indian retail industry, which is witnessing huge investments by multinational players like Amazon and
Sebi board clears frameworks for gold, social stock exchanges | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-board-approves-framework-for-gold-exchange-121092801007_1.html The instruments representing gold will be called Electronic Gold Receipts (EGRs) and will be notified as securities; Sebi board also approves proposal to
Health insurance: Insurers need to own hospitals so as to reduce medical costs – The Financial Express
lipped from: https://www.financialexpress.com/money/insurance/health-insurance-insurers-need-to-own-hospitals-so-as-to-reduce-medical-costs/2339036/ This impasse has been going on for years. No wonder Indian health insurance has the highest complaints rate as compared to other countries.
Fraudsters in India shift focus from financial services to travel and leisure: Report – The Financial Express
Clipped from: https://www.financialexpress.com/money/fraudsters-in-india-shift-focus-from-financial-services-to-travel-and-leisure-report/2339757/ In India post the unlocks, travel and leisure have increasingly become a target as the industry recovers and fraudsters are looking to capitalize
Blockchain: How it plays a crucial role in assessment of credit risk in borrowers? – The Financial Express
Clipped from: https://www.financialexpress.com/money/blockchain-how-it-plays-a-crucial-role-in-assessment-of-credit-risk-in-borrowers/2339726/ Digital currencies played a crucial role in powering the growth of the FinTech industry while giving a push to the widespread adoption of
inheritance rights of children: Money & relationships: What are the inheritance rights of children? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/money-relationships-what-are-the-inheritance-rights-of-children/articleshow/86502704.cmsSynopsis According to the Indian Succession Act, 1956, and the Indian Succession (Amendment) Act, 2005, children, whether boys or girls, have a right to
Retrospective seniority can’t be claimed from date when employee is not even borne in service:Supreme Court – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/retrospective-seniority-cant-be-claimed-from-date-when-employee-is-not-even-borne-in-servicesupreme-court/articleshow/86585284.cmsSynopsis “The jurisprudence in the field of service law would advise us that retrospective seniority cannot be claimed from a date when an employee
minimum wage: Expert group responsible for determining minimum wages reconstituted – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/expert-group-responsible-for-determining-minimum-wages-reconstituted/articleshow/86581622.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The idea is to fast-track the work on minimum wages so that employers, including the Centre and state governments, are prepared well in
sanjeev sanyal: India has fiscal resources and monetary space for more government intervention if needed: Sanjeev Sanyal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/india-has-fiscal-resources-and-monetary-space-for-more-government-intervention-if-needed-sanjeev-sanyal/articleshow/86584731.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis India would like to invest in infrastructure rather than transfer money in the hope of reviving the economy, principal economic adviser Sanjeev Sanyal
Data privacy should not be compromised in using fintech: FM – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/data-privacy-should-not-be-compromised-in-using-fintech-fm/articleshow/86583586.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Addressing the fintech industry, the minister said the value of digital transactions jumped to Rs 6 lakh crore in January-August 2021 from Rs
Households in southern states more indebted than rest of India: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/households-in-southern-states-more-indebted-than-rest-of-india-report/articleshow/86583722.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In 2019, Telangana with 67.2 per cent had the highest proportion of its rural households indebted and Nagaland with 6.6 per cent had
India Exports: India’s agri exports are rising. But its export basket leaves one hungry for more – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/india-agri-exports-are-rising-but-its-export-basket-leaves-one-hungry-for-more/articleshow/86574099.cms SynopsisThe country has to bring in structural changes to improve the situation in agriculture. High-yielding varieties and superior post-harvest management can make the
DHFL lenders set to mark ₹37,400 crore recovery this week, the biggest among NPAs this fiscal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/dhfl-lenders-set-to-mark-37400-crore-recovery-this-week-the-biggest-among-npas-this-fiscal/articleshow/86572541.cmsSynopsis Lenders led by State Bank of India (SBI) are set to log recoveries of ₹37,400 crore this week, as Piramal Capital and Housing
There’s too much optimism in market, a little pessimism can balance the scale: Nikhil Kamath | Zerodha: – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/theres-too-much-optimism-in-market-a-little-pessimism-can-balance-the-scale-nikhil-kamath/articleshow/86579480.cmsSECTIONSThere’s too much optimism in market, a little pessimism can balance the scale: Nikhil KamathByTamanna Inamdar,Last Updated: Sep 28, 2021, 01:25 PM ISTSynopsis “I
Apart from China, consumption is not going down on oil products in near future: MK Surana, CMD, HPCL – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/apart-from-china-consumption-is-not-going-down-on-oil-products-in-near-future-mk-surana-cmd-hpcl/articleshow/86581859.cmsSECTIONSApart from China, consumption is not going down on oil products in near future: MK Surana, CMD, HPCLLast Updated: Sep 28, 2021, 05:25 PM
22,000 compliances reduced, 103 offences decriminalised: Government – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/22000-compliances-reduced-103-offences-decriminalised-government/articleshow/86586972.cmsSynopsis With the aim to simplify, decriminalize & remove redundant laws, India has undertaken a massive exercise to reduce burdensome compliances. India has reduced more
Sebi: SEBI board revises delisting norms to streamline M&As – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/sebi-board-revises-delisting-norms-to-streamline-mas/articleshow/86585400.cmsSynopsis Under the current regulations, a company that is acquiring 49 per cent stake in a listed entity and sees its total stake rise
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