JK Tyre, others face Competition Commission of India investigation
The Competition Commission of India (CCI) is investigating JK Tyre & Industries Ltd after a state government accused the company of bid rigging, and the probe has been expanded to other firms, according to sources and legal filings. Rigging bid: Next hearing on October 28 The CCI last year ordered a probe after the northern […]
India’s public debt ratio to jump to 90 per cent because of COVID-19: IMF
Washington: India’s public debt ratio, which remarkably remained stable at around 70 per cent of the GDP since 1991, is projected to jump by 17 percentage points to nearly 90 per cent because of increase in public spending due to COVID-19, the IMF said on Wednesday. “In our projections, the increase in public spending, in […]
World economy in deep recession, growth to be -4.4%, predicts IMF
The IMF on Tuesday predicted a deep global recession this year and the world growth to be -4.4%, asserting that the global economic crisis is far from over mainly due to the impact of the coronavirus pandemic. In its latest World Economic Outlook report, the International Monetary Fund also said the swift recovery in China […]
GST Council meet ends without reaching consensus on compensating states
The stalemate over compensating states for the shortfall in GST collections continued on Monday with a meeting of the GST Council ending without reaching any consensus on the issue. The panel, which is the highest decision-making body on indirect taxes, for the second time in a week failed to reach a consensus on the Centre’s […]
KTA demands extension of amnesty scheme for pending sales tax arrears
President Kashmir Trade Alliance (KTA) Ajaz Shahdhar on Sunday demanded for extension of amnesty scheme for pending sales tax arrears upto ending March 2021. Shahdar said the process has been restricted unfortunately upto ending October 2020. He reiterated that scope of amnesty already announced under Govt Order No 39-FD of 2018 be extended upto ending […]
Last assessment of ‘land under saffron cultivation’ a decade ago, while encroachments continue
Anantnag: Since the inception of the National Saffron Mission (NSM) in 2010 there has been no further assessment of land under saffron cultivation in Kashmir valley, making the authorities rely on the decade-old data. Insiders in the Agriculture department of Kashmir acknowledge that the government has no idea of how much land, previously under saffron […]
Paytm aims to support 1 million apps on Mini App Store
Paytm on Thursday said it aims to support one million apps on its recently launched Android Mini App Store as part of its efforts to support Indian developers and compete against tech giant Google. The company will also invest Rs 10 crore for the app developers on its platform. Paytm founder Vijay Shekhar Sharma – […]
Services sector slump eases in Sept, but job losses widen
Indian services sector output broadly stabilised in September but remained in the contraction zone as incoming new business fell moderately due to the damaging impact of the pandemic on demand, leading to more job losses, a monthly survey said on Tuesday. The seasonally adjusted India Services Business Activity Index rose for the fifth straight month […]
Google defers Indian in-app fee by six mths after startups protest
Alphabet Inc’s Google has extended its deadline for Indian app developers to comply with a new billing system for commission fee by six months, it said on Monday, days after local startups voiced anger about the charges. Google will now enforce its global policy more strictly and charge a 30% commission fee for in-app purchases […]
Paytm takes on Google, unveils India’s own Android Mini App Store
In a bid to support Indian app developers after its own app was removed by Google from its Play Store recently, leading digital payments platform Paytm on Monday launched an Android Mini App Store to support local developers take their innovative products to the masses. Paytm said it will provide listing and distribution of these […]
