Investment outlook continues to be grim

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

Ministries bat for lower GST rate for airfares, leather, cement sectors

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 rates. The commerce & industry ministry favours a cut in duty on gold imports as well.

Speaking to reporters after

Service charge waiver a bad idea, say restaurateurs

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

Government announces safety audit for 418 mines

The government on Tuesday announced 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

Demonetisation hits financial sector's weight in Nifty

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

Govt calls meeting of Geneva officials to discuss WTO issues

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 people from Geneva to talk

Apple's 'growing' demands for sops riles government

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