India recorded export growth of 4 per cent in September: UN
Export growth declined in India in the third quarter of 2020 relative to the same quarter last year but picked up pace in September, according to a global trade update by the UN. The UNCTAD’s new global trade update said that global trade recorded a 5 per cent drop in the third quarter of 2020 […]
SpiceJet launches four international, 58 domestic flights
Budget carrier SpiceJet on Tuesday announced the launch of 62 new flights, including four international services to Muscat from Delhi and Ahmedabad and back, starting Thursday under the air bubble agreement with Oman. The 58 domestic flights include services on Delhi-Kandla-Delhi sector, Ahmedabad-Goa-Ahmedabad, Goa-Hyderabad-Goa, Mumbai-Guwahati-Mumbai, Ahmedabad-Kolkata-Ahmedabad, Delhi-Durgapur-Delhi,Hyderabad-Mumbai-Hyderabad, Kochi-Kolkata–Kochi, Pune-Chennai-Pune, Madurai-Delhi-Madurai and Mangalore-Delhi-Mangalore sectors, SpiceJet said. […]
China’s economic recovery quickens as consumption returns
China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of global demand. Gross domestic product (GDP) grew 4.9% in July-September from a year earlier, official data showed on Monday, slower than the 5.2% forecast by […]
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 – […]
