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Yearly Archives: 2020

Oil min to take Cab nod on gas sector reforms

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The government has decided against giving the power sector priority access to cheaper domestic gas. The petroleum ministry is finalising a note for the Cabinet on gas sector reforms which among other things proposes to restrict allocation of limited domestic gas for fertiliser, city gas distribution (CGD) and production of LPG.

Rohit, Kohli guides India to series win over Australia

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Rohit Sharma and Virat Kohli paced a tricky run chase with sublime knocks as India wrapped the series 2-1 with a comfortable seven-wicket victory in the decisive third ODI against Australia, here on Sunday.

April-Dec PV exports rise 6%; Hyundai, Ford lead the pack

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Passenger vehicle (PV) exports from India increased by 5.89% in the first nine months of the current fiscal, with Hyundai Motor leading the segment with dispatches of around 1.45 lakh units, as per the latest data by SIAM.

Interim dividend issue may come up in next board meeting of RBI

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The issue of interim dividend may come up for discussion in the next Reserve Bank of India (RBI) board meeting as the government struggles to meet its ambitious fiscal deficit target of 3.3% amid revenue shortfall, sources said.

Air India unions to demand VRS package in meet

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Air India trade unions are likely to demand a VRS package at their second meeting with Minister of State for Civil Aviation Hardeep Singh Puri in New Delhi on Monday.

Equity MF investment falls 41% in 2019 on slowdown

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Investors pumped in nearly Rs 75,000 crore in equity-oriented mutual fund schemes in 2019, a sharp plunge of 41 per cent from the preceding year, mainly hit by extreme market volatility amid slowing economic growth.

Realistic nominal GDP target at 9.5-10% likely: Nirmala Sitharaman

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Finance Minister Nirmala Sitharaman is likely to stay conservative about the nominal gross domestic product (GDP) growth and set it at 9.5-10% in the FY21 budget as the time for 'picking optimistic target' experiments are over, say sources.

India may miss tax mop-up target for 2019-20 by Rs 2.5 lakh crore: Subhash Chandra Garg

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The government's tax collection is likely to fall short of its estimate by Rs 2.5 lakh crore or 1.2% of GDP in 2019-20, former finance secretary Subhash Chandra Garg said on Sunday while calling for scrapping of dividend distribution tax.

Aussie state braces for severe storms

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Australian forecasters warned on Sunday of severe storms to hit the bushfire-hit state of Victoria, which could lead to flooding. The Bureau of Meteorology issued severe thunderstorm warnings for parts of the state on Sunday, saying damaging winds and heavy rainfall were expected, the BBC reported.

Viral Facebook video reunites man with his family

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A viral Facebook video has helped a 78-year-old Bangladeshi man reunite with his family over four decades after he went missing on a business trip, according to a media report.
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