Business

The telecom regulator on Tuesday deferred by a year a plan to scrap a levy charged by operators for handling incoming calls from rival networks, offering relief to older telcos that generate a part of their revenue from interconnect usage charges (IUC). The Telecom Regulatory Authority of India (Trai) will […]

A smaller kharif or summer crop, surging agricultural imports, and higher global food prices are likely to keep household food spending high in 2020, with the good news being that these will translate into higher farm incomes, according to analysts. The June-September monsoon started sluggishly, delaying sowing, ended with a […]

The Indian authorities are proactively establishing institutional checks to empower citizens rather than allowing big techs to control customer data for their own ends, the Bank for International Settlements (BIS) said in its latest report. The report, however, said the Indian model does not necessarily transpose well to all jurisdictions. […]

Finance minister Nirmala Sitharaman on Monday invited ideas and suggestions for the Budget 2020-21 from citizens through the website mygov.in to make the budget-making process “participative and inclusive”. “Those wishing to give inputs on #Budget2020 please do so using @mygovindia – Inviting Ideas and Suggestions for Union Budget 2020-2021,” she […]

Onion prices have soared across India since September 2019, but the retail profit margin (the difference between average wholesale and retail prices) was its lowest in four years in November in the national capital, at 51.4%, an indication that retailers don’t make more money off high onion prices. The average […]

The CBDT on Monday issued an order extending till December 31 the deadline for paying the third installment of advance tax payments for northeastern states in view of the Internet clampdown due to protests there against the amended Citizenship Act. Earlier, the deadline was Sunday, December 15. “Considering the large-scale […]

Mumbai, Dec 16 (PTI) The Indian rupee appreciated by 8 paise to 70.75 against the US dollar in early trade on Monday as easing crude oil prices and positive developments on the US-China trade talk front strengthened investor sentiments. Forex traders said the weakening of the US dollar vis-a-vis other […]

As the central government is planning to invite bids for Air India soon, its CMD said on Saturday that expecting a radical improvement in the airline bordering on a turnaround is an impractical thought “in this environment of disinvestment”. In a Facebook post, Air India Chairman and Managing Director Ashwani […]

The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of payment system National Electronic Funds Transfer (NEFT) on a round-the-clock basis from December 16, the central bank said. The move will aid the payment system become operational on a 24×7 […]

The series of pathbreaking and ambitious reforms unleashed by the Modi government in the last few years will make India a very competitive and productively-efficient economy in the long run, a top Indian official said on Friday. “There is a great positivity about India,” NITI Aayog CEO Amitabh Kant told […]

Indian stocks gained on Friday tracking a rally in global markets that were buoyed by expectations of a breakthrough in US-China trade after months of uncertainty. US stocks hit fresh record levels on Friday after China said first phase trade talks with the US have achieved major progress and that […]

Market benchmark BSE Sensex jumped over 250 points on Friday led by global euphoria over progress in US-China trade and likely Conservative Party win in UK general elections. After rising 284 points in early session, the 30-share index was trading 244.04 points or 0.60 per cent higher at 40,825.75. Similarly, […]