Despite the much-hyped ‘make in India’ campaign and jump in the ‘ease of doing business’ list, hiring in the manufacturing sector has been down in the past several quarters and is likely to remain flat at least for the next couple of quarters.
Plan and Policy
Plan & Policy
IIFL Holdings’ subsidiary 5Paisa Capital listed on the bourses on Thursday as the first listed financial marketplace in India. But the price discovery process for the demerged business led to a huge difference in its listing price on BSE and NSE.
On the BSE, 5Paisa capital listed at Rs 650 a share while on the NSE it listed at Rs 400 per share.
The demerger of 5Paisa Capital from IIFL Holdings was announced last year in October.
A key congressional committee has passed a legislation that proposes to increase the minimum salary of H-1B visa holders from $60,0000 to $90,000 and imposes a number of restrictions on the work visa that is popular among Indian IT professionals.
Alarmed by massive slump in exports of garments and other items, the government has allowed exporters to file claims for refunds manually with the concerned indirect tax officials.
Consumers making payments for goods and services using debit/credit cards or through other online modes could get a 2 per cent discount on the payable goods and services tax (GST), as the government is considering the incentive to boost digital payment. This will include a 1 per cent concession on the central goods and services tax (CGST) and another 1 per cent on the state GST. Going by the proposal, a consumer would have to pay a GST of 16 per cent where the product is in the 18 per cent slab, provided he/she chooses to pay digitally.
Uttar Pradesh, India’s largest sugar producing state, is all set to hit a record 10 million tonnes (mt) production this season.
Mills have so far produced three times more sweetener than last year with better recovery.
Until November 15, mills had produced 5.7 lakh tonnes of sugar this season compared to 1.9 lakh tonnes in the year-ago period, said Deepak Guptara, secretary of the Uttar Pradesh Sugar Mills Association. The recovery (sugar produced from sugarcane) is at 9.53 per cent this year so far as against 9.14 per cent in 2016-17, he said.
As pollution level climbed to 12 times above the recommended limit this week in Delhi, government officials said they knew what was needed to control the haze, but nothing would be done, at least this year.
Two days after the Congress alleged that a scam is brewing in the French deal to buy 36 Rafale jets, the Congress and the BJP continued to exchange barbs over it with Rahul Gandhi accusing the prime minister of allegedly changing the “entire deal” to benefit a businessman, a charge debunked by the ruling party.
Finance Minister Arun Jaitley has said three key structural reforms -- Aadhaar, Demonetisation and GST -- have enhanced transparency and helped in transition from cash to less cash economy.
The government on Wednesday decided to prepone the introduction of cleaner BS-VI grade auto fuels in the national capital from April next year to address the problem of alarming pollution levels in Delhi and adjoining areas.