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Home > Tamil Nadu
Tamil Nadu
The government had increased the import duty on edible oil to protect the domestic industry. The duty-free imports are negating the advantage of customs duty increase on edible oil, which was imposed to help farmers realise remunerative prices. (Representational Image | PTI)
Illegal edible oil imports on rise
01 Oct 2019 1:45 AM

The government had increased the import duty on edible oil to protect the domestic industry.

Modifications also could be made on addition of approved standalone riders or add-ons to the approved individual health insurance products, minor changes in policy wordings, change in the name of the approved product, change in sum insured options made available to policyholder within the sum insured range filed and decrease in minimum and / or increase in maximum premiums and maximum entry age.
Insurance policies become flexible
25 Sep 2019 2:07 AM

Premium table can be extended, list of day care procedures can be expanded and critical Illnesses covered can be added.

China has also restricted import of certain types of waste paper due to environmental concerns. The restrictions led to a decrease in waste paper prices, in turn benefitting India, an importer of the commodity.
Trade war hits Indian exports to China
24 Sep 2019 1:52 AM

China has also restricted import of certain types of waste paper due to environmental concerns.

Post transfer of its entire stake in Thomas Cook India to Fairfax, Thomas Cook UK ceased to be the promoter of Thomas Cook (India).
India business not related
24 Sep 2019 1:51 AM

The world's oldest travel firm Thomas Cook collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe.

In the sixth annual ‘Flavors of Fast report’ by FIS, which analysed 54 countries, India’s Immediate Payment Service received the only 5+ rating on the Faster Payments Innovation Index scale of 1-5. (Photo: Financial Chronicle)
IMPS is world’s best money transfer platform
20 Sep 2019 1:16 AM

India is one market which has successfully integrated real-time payments with mobile and the result has been 1,000 per cent plus growth rates.

The Biscuit Manufacturers Welfare Association has made a representation to the council seeking revision of GST rate for biscuits priced below Rs 100 per kg on par with other processed food items which were exempt from excise duty during the previous regime. (Representional Image)
GST (il)logic: Tax on biscuit 18 per cent, bread 0 per cent, rusk 5 per cent
18 Sep 2019 1:50 AM

Biscuits priced below Rs 100 per kg accounts for 25 per cent of the biscuit market in value terms and 42 per cent in volume terms.

Ever since the e-commerce sector started growing in India, mobile phones have been numero uno in the marketplace, as the largest-selling category growing multi-fold. Even during the demonetisation and GST implementation phase, the mobile phones have been growing by 40 to 50 per cent and had grabbed half of the e-commerce market.
Mobile sales come down, but still in double-digits
18 Sep 2019 1:50 AM

However, in 2018, the mobile phone category grew by 28 per cent, and in the first half of 2019, it saw the lowest growth of 12 per cent.

According to Satish Magar, President, Credai, government has to provide incentives to the home buyers. Though RBI has been reducing repo rates, homebuyers are not receiving the benefit due to transmission issues.
Housing industry seeks tax sops, lower rates
17 Sep 2019 1:42 AM

Industry finds that the stress fund allocated to the housing sector with several riders will not increase demand among homebuyers.

Accoording to the policy, all EVs--two, three and four-wheelers, buses and light commercial vehicles, will be given 100 per cent Motor Vehicle Tax exemption till the end of the year 2022, the press release said. (Representational Image)
TN govt unveils electric vehicle policy with slew of sops
16 Sep 2019 8:05 PM

Tamil Nadu Electric Vehicle Policy 2019 has been prepared to promote manufacturing of electric vehicles, an official release said.

Imports of polyester yarn increased 193 per cent from 29,08,000 kg in July 2018 to 85,35,000 kg in July 2019. Similarly, viscose yarn imports shot up 342 per cent from 6,47,000 kg in July last year to 28,58,000 kg in July this year.
Man-made yarn imports up multi-fold in July
16 Sep 2019 1:14 AM

The textile industry has sought rationalization of GST rate for MMF products at 5 per cent.

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