Business

Customs dept closely monitoring toy imports, newer modus operandi adopted to circumvent BIS norms: CBIC

The CBIC on Saturday said the customs department is closely monitoring import of toys and continuously tackling newer modus operandi adopted to circumvent the quality control and safety norms. The government earlier this week said 18,600 toys have be..

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What’ll India get on February 1

No finance minister can ignore politics as she presents the annual budget. More so when she rises to read the last full budget before a general election. Finance Minister Nirmala Sitharaman’s forthcoming budget on February 1 will be as much a politic..

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CAI lowers cotton crop estimate to 330.50 lakh bales for 2022-23 season

The Cotton Association of India (CAI) on Saturday lowered the cotton crop output estimate by 9.25 lakh bales for the 2022-23 season to 330.50 lakh bales as production is expected to decline in Maharashtra, Andhra Pradesh and Karnataka. The total cott..

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India’s rabi crops sowing rises 4.4% led by wheat

Farmers in India have sown rabi crops across 620.62 lakh hectares as of Friday, an increase of 4.4 per cent year-on-year from the previous cropping season, Union farm ministry data showed. During the same period last year, the total acreage was 594.6..

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UIDAI issues advisory for those who have not updated Aadhaar for a long time. Here are details

The Unique Identification Authority of India (UIDAI) has urged Aadhaar holders who were issued the unique identity 10 years back and who have never updated their records, to revise their information in its database. Aadhaar holders can update their u..

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Is the government strategically manoeuvring the IBC?

The time taken to resolve cases under Insolvency and Bankruptcy Code (IBC) is gradually increasing. In 2017-18 the average time for resolution was 230 days. This has increased to 679 days for current financial year to September 2022. Moreover, 64% of..

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Centre for ‘common ducts and posts’ in linear infrastructure projects

The Centre has written to all ministries and states proposing mandatory common 'ducts' and 'posts' across all linear infrastructure in urban and industrial areas, housing projects and all central and state government development w..

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India, UK set to revive FTA talks; no new deadline yet

India and the United Kingdom are set to resume formal talks for a bilateral free trade agreement (FTA) with the prime ministers of the two sides on Thursday agreeing on the need for its early conclusion, officials said. While no new deadline to concl..

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Plans afoot to use future road projects to raise funds: Nitin Gadkari

The government is planning to use future road projects for raising funds, road, transport, and highways minister Nitin Gadkari said on Friday, a day after the maiden bond issue of National Highway Infra Trust (NHIT) received a tremendous response fro..

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The world’s oil buyers are being crushed by a surging dollar

Brent oil has dropped more than 30% from this year’s high, but you wouldn’t know it if you live in Paris, Mumbai or Accra. The decline in the global oil benchmark from nearly $128 a barrel has dovetailed with a jump in the dollar of about 15% over t..

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Several firms face filing hurdles post new rule introduced by MCA

A new rule introduced by the Ministry of Corporate Affairs (MCA) is forcing companies to reconcile their financial statements, creating challenges for many in filing the fiscal year 2022 accounts before the October 31 deadline. Under this rule, compa..

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Either Centre or state can initiate action for same offence, says GST Council

The Goods and Services Tax (GST) Council said enforcement action against a single offence can be initiated either by state or central tax authorities, a move aimed at preventing issuance of multiple show cause notices (SCNs) to businesses for the sam..

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