Demand has fallen by 500,000 tonnes because of cash crunch after government’s demonetisation move
Rajesh Bhayani | Mumbai January 4, 2017 Last Updated at 01:04 IST
Indian sugar mills association has revised downwards their estimates for sugar consumption in sugar season 16-17 (October to september) and next fortnight the apex sugar body will be reviewing estimates for production, said ISMA in
The contraction in November this year is the second biggest fall in the current financial year
Ishan Bakshi | New Delhi January 4, 2017 Last Updated at 01:05 IST
If investment proposals are anything to go by, corporate sentiment was badly hit in November.
Data from the Department of Industrial Policy and Promotion (DIPP) show that in November, 148 Industrial Entrepreneurs Memoranda
A committee of officials is looking at segment-wise GST rates
Commerce, industry and civil aviation ministries on Tuesday pitched for lower rates for leather, cement, plantation crops and airfares under the proposed goods and services tax (GST). A committee of officials is looking at segment-wise GST rates. The commerce & industry ministry favours a cut in duty on gold imports as well.
Speaking to reporters after
They say the law is just making it tough for a server as minimum pay wage is not enough to survive A day after the central government said that customers have the option of not paying the ‘service charge’ part of hotel bills, major eatery owners said the move could impact the morale of staff. They said if a customer is not satisfied
Much of the Q3 data will simply not be available for the CSO to factor in its calculation
Ishan Bakshi | New Delhi January 4, 2017 Last Updated at 01:26 IST
The advance estimates of GDP for 2016-17, to be released later this week, might not fully capture the disruption in economic activity due to demonetisation. As these estimates will be
The government on Tuesday announced safety audit for all 418 mines in the country in the wake of one of the worst open cast mine disaster under Rajmahal, killing at least 18 people.
“We held a review meeting with Coal India and there we have taken few decisions on mine safety. We have also decided to carry out a detailed investigation on the
Banks and financial services lose out to information technology and power firms
Krishna Kant | Mumbai January 4, 2017 Last Updated at 01:33 IST
Demonetisation has taken the zing out of India’s booming banks and financial services sector. There has been a 100-basis point (bp) decline in the sector weight in the benchmark NSE Nifty 50 Index in the last quarter
India is pushing for a trade agreement on services as members of the global trade body
The Commerce Ministry on Tuesday said it has convened a meeting of senior Indian officials from Geneva to discuss all World Trade Organization (WTO)-related issues, including the proposed trade facilitation pact in services.
“I am having a review this month. Calling all WTO people from Geneva to talk
In past 50 days, 60% of the work force was let off in retail, agri, textile and other sectors
Karan Choudhury | New Delhi January 4, 2017 Last Updated at 01:07 IST
Traders, retailers and various trade bodies in India have been saying that 100% foreign direct investment (FDI) in multi-brand retail, if allowed, would wipe out industry. However, according to
Apple has demanded concessions on tax as well as exemption from local sourcing of input materials
Apple’s India plans have hit a sticking point over concessions the company is making a pitch for. Amid reports that the California-based firm is in advanced stages of talks with the government for setting up a manufacturing facility in India, a senior commerce ministry source said on