Monday, September 30, 2019

Nirmala Sitharaman's fiscal boost a week leaves many questions still unanswered

The moves have left investors with several unanswered questions and worries about the fiscal deficit.

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Japan's last pagers beep for the final time

At their peak, pagers were used by more than 10m people in Japan - but just 1,500 subscribers remained.

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Virtual reality PTSD treatment has 'big impact' for veterans

A two-year trial found an improvement in symptoms for military veterans with PTSD.

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'Sadfishing' social media warning from school heads

Schools report growing worries about young people being tricked by emotional appeals online.

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Manufacturing activity stagnant in September, PMI same as August at 51.4

The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, was 51.4 in September, unchanged from August.

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NHAI to Invite Bids for 400 km of Roads

This will be the fourth bundle of toll-operate-transfer projects, and the second to be offered in the current financial year.

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New consuming class: Teenagers over 60 years

A CII study on senior consumers has pegged the market for their medical needs and lifestyle products at Rs 43,000 crore.

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At their peak, pagers were used by more than 10m people in Japan - but just 1,500 subscribers remained.

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A two-year trial found an improvement in symptoms for military veterans with PTSD.

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Schools report growing worries about young people being tricked by emotional appeals online.

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Onion trade in Nashik disturbed as farmers, traders protest stock limit

In a series of decisions, the ministry of consumer affairs banned onion exports and imposed stock limits of 100 quintals on retail traders and 500 quintals on wholesale traders on Sunday evening to rein the prices.

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Kharif crop to gain from wettest monsoon in 25 years

Officials expect record food output but experts await second advance estimates.

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India, US to continue efforts to link investment with trade

Bilateral Talks Part II Commerce minister Piyush Goyal will meet US commerce secretary Wilbur Ross on the sidelines of the India Economic Summit later this week.

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Govt to borrow Rs 2.68 lakh crore in H2 as fiscal deficit on track

During the first half the govt has raised Rs 4.42 lakh cr, about 62% of the total borrowing.

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India blocks US request at WTO to set up a panel to settle its disagreement over retaliatory tariffs

India said it was confident it would prevail in this dispute but that it was not in a position to agree to the establishment of the panel.

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Southampton internet broadband speeds to be boosted

Virgin Media will deliver internet download speeds 20 times the national average to 100,000 Southampton homes.

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Virgin Media will deliver internet download speeds 20 times the national average to 100,000 Southampton homes.

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Core sector output declines by 0.5 per cent in August

Coal, crude oil, natural gas, cement, and electricity recorded a negative growth of 8.6 per cent, 5.4 per cent , 3.9 per cent, 4.9 per cent and 2.9 per cent, respectively, in August, according to the data of the Commerce and Industry Ministry.

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India's real GDP growth likely to be 5.2 per cent this fiscal: EIU

According to the the Economist Intelligence Unit, annual real GDP growth dropped to a six-year low of 5 per cent in the second quarter and data from the third quarter show "little sign of improvement".

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PMC Bank case raises question on role of RBI, auditors: MoS Anurag Thakur

of the Rs 8,880-crore loan that PMC had, more than Rs 6,500 cr of the assets are with the bankrupt real estate HDIL group only which turned NPA two years back.

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Governments should learn to tolerate criticism, suppressing it can lead to mistakes: Raghuram Rajan

Rajan said governments that suppress public criticism do themselves a gross disservice as it will not get the real picture of the situation.

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Gadkari inaugurates Rs 1,058 crore Delhi-Meerut Expressway phase 3

The third phase or package from Dasna in Ghaziabad to Hapur is over 22-km long, with a civil cost of Rs 1,058 crore

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Drones used to track down fugitive in China

Police used drones to track down a man who evaded detection for almost two decades.

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Police used drones to track down a man who evaded detection for almost two decades.

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The firm blames hackers for hours of pornography showing on the flagship's outdoor screen.

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An anti-hate group says the finger-and-thumb sign is being used as an "expression of white supremacy".

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Asics blames hackers for porn on shop screens

The firm blames hackers for hours of pornography showing on the flagship's outdoor screen.

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OK hand sign added to list of hate symbols

An anti-hate group says the finger-and-thumb sign is being used as an "expression of white supremacy".

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Sunday, September 29, 2019

500-tonne waste to help build 100km of highways by October-end

Though the Indian Roads Congress had come out with a code to enable use of waste plastic in 2013, it never took off.

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Maharashtra farmers fume at Centre over onion export ban

Retail prices of onions have gone up to Rs 70-80/kg from Rs 30/kg in the last couple of weeks due to supply disruption.

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Onion cries: Why the market swings from glut to shortage

Onion prices usually rise during the lean period (July to Sept/Oct) in the onion production-marketing cycle.

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Farmers in poll-bound Maharashtra fume at centre over onion export ban

Retail prices of onions have gone up to Rs 70-80/kg from Rs 30/kg in the last couple of weeks due to supply disruption.

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Agriculture share in India's 'Gross Value Added' fell to 17.9% in FY17 from 18.6% in FY14

The crops sub-sector accounted for nearly 62% of the agriculture and allied sector in 2011-12, which has gradually come down to about 58% in 2016-17.

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Home loans likely to get cheaper from this week

As banks shift to a new system borrowers could be paying less on their mortgages .

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Corporate tax rate cuts: New contract manufacturing units eligible for 15 per cent tax benefit

Companies opting for 22% tax regime won’t be eligible for minimum alternate tax credit.

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Technew

A smartphone app can make a detailed virtual avatar allowing you to try on a whole range of clothes.

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Will virtual clothes transform how we shop?

A smartphone app can make a detailed virtual avatar allowing you to try on a whole range of clothes.

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Retailers are struggling to make their products accessible, and customers are taking them to court.

from BBC News - Technology https://ift.tt/2nu2KeC

Why much of the internet is closed off to blind people

Retailers are struggling to make their products accessible, and customers are taking them to court.

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Centre imposes stock limit on onion traders across the country

The ministry of consumer affairs issued a notification today prohibiting onion exports till further orders.

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The US entrepreneur says prototype flights of his Moon-Mars rocket system will begin in months.

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Elon Musk gives update on Starpship rocket plans

The US entrepreneur says prototype flights of his Moon-Mars rocket system will begin in months.

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View: Forget onion export ban, invest in storage and processing

Encouraging imports, not banning exports, is the remedy to augment supplies. But then, as he says, this must be done in ahead of time which is seldom the case.

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Government may seek Rs 30,000 cr interim dividend from RBI

Apart from the RBI dividend, there are other means of bridging any shortfall, including mop up from disinvestment and higher utilisation of National Small Saving Fund (NSSF)

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Saudi Arabia to invest USD 100 billion in India

Saudi Arabia is a key pillar of India's energy security, being a source of 17 per cent or more of crude oil and 32 per cent of LPG requirements of India.

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Vehicle scrappage policy may bring in stricter fitness norms for pre-2005 built vehicles

As per estimates, there are about 2 crore pre-2005 built vehicles that are plying on Indian roads and the move is aimed at de-incetivising such vehicles.

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Govt to set up working group on proposed new industrial policy

The group will have members from different government departments of the Centre and states, as well as from industry chambers, including the CII.

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Saturday, September 28, 2019

Ease of doing business: India among 20 most improved countries

Trade is easier following the integration of several government agencies into an online system.

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Help smallholder farmers thrive economically: Simon Groot

By offering smallholder farmers quality vegetable seeds, both hybrid and non-hybrid, and the knowledge and training to properly grow and harvest them, we are making more varieties of more nutritious food available to more people than ever before.

from Economy-News-Economic Times https://ift.tt/2nCmXyC

Dipam , Niti Aayog aim to cut government stake in select CPSEs to below 51%

At the initial stage it will be 2-3 PSUs where government stake in these PSUs would be brought down to less than 51 per cent which would also require amendment to certain laws.

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There should be just 3 GST rates: 6, 12 & 18%: Bibek Debroy

The way both the Union and states are working together is phenomenal. Also, let us not forget the success in terms of the GST subsuming all sorts of erstwhile taxes and the way freight moves today.

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GST: The challenges before India's largest indirect tax reform

GST was supposed to untangle the indirect tax regime and facilitate economic growth. Two years and three months later, it’s hobbled by challenges

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Maharashtra and Haryana: How these two poll-bound states fared under BJP govts

Maharashtra and Haryana are fast growing states. But the incumbent govts may have to face uneasy questions on the economic front ahead of the polls.

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Good news for Kashmiri apple farmers: Government mulls hike in prices

NAFED, which is the nodal agency for procuring apples, has fixed Rs 54, Rs 38 and Rs 15.75 for A , B and C grade apples, respectively.

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PSUs told to clear vendor, contractor dues by October 15 to boost spending

Finance Secretary Rajiv Kumar said 34 central PSUs have already spent Rs 48,077 crore till August.

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Rainfall reaches 107%, Met fears 'excess' deluge

Monsoon rainfall turned positive this year after staying below-normal for five years in a row.

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MAT treatment splits India Inc after tax cuts

While some cos want to claim credits even after switching to lower tax bracket, others seek more time to write them off.

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Friday, September 27, 2019

Chetan Bhagat's 6 doable, practical ways to get to 10% GDP growth

The big cuts in corporate taxes are a sure sign that the government acknowledges this issue.

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India may cut duties on 80% of Chinese imports under RCEP

The RCEP is a proposed FTA between the 10 member states of the Association of Asean and its six FTA partners – China, India, Japan, South Korea, Australia and New Zealand.

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Company executives are being targeted by spoof emails requesting them to send vast sums of money.

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OnePlus begins smartphone exports from India

OnePlus is also planning a deeper play into India by taking a leaf out of Apple’s playbook.

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Spoofing emails: The trickery costing businesses billions

Company executives are being targeted by spoof emails requesting them to send vast sums of money.

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India probes alleged dumping of Malaysian calculators

The anti-dumping duty, if imposed, would help guard domestic players against cheap imports of the product.

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Thailand, India sign trade agreements for Rs 2,400 crore

Giving a break up of the agreements, Jurin Laksanawisit said the agreements signed in Mumbai totaled approx Rs 900 crore while in Chennai, it was about Rs 1,500 crore.

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Crop area inches closer to last year's level

Minister of State for agriculture Parshottam Rupala said that excessive rains would not impact the production.

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Govt stops import incentives for exporters of gold medallions and coins

An Advance Authorisation is issued to allow duty free import of inputs, which are physically incorporated in export products.

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Finance Minister Nirmala Sitharaman asks PSUs, ​ministries to release payments in a timely manner

Sitharaman said the idea is to ensure there are no dues pending for the service providers.

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TOT auctions likely to be postponed for the second time

The National Highways Building Authority of India (NHAI) in June this year invited bids for a cumulative 500 kms of road stretches looking to raise a minimum of Rs 4,995 crores.

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Inhabitants of the virtual space will be able to play games, chat and shape the world, says Facebook.

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Facebook to create VR world called Horizon

Inhabitants of the virtual space will be able to play games, chat and shape the world, says Facebook.

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Documents show that US immigration services use free online translation tools to vet social media.

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US uses Google Translate to vet refugees

Documents show that US immigration services use free online translation tools to vet social media.

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Total government liabilities rise to Rs 84.6 lakh crore in Q1: Finance Ministry report

The government issued dated securities worth Rs 2,21,000 crore as against Rs 1,44,000 crore in the same period a year ago.

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Delayed rains brighten prospects of Rabi output: India Ratings

As on 19 September 2019, water level in 113 reservoirs spread across the country was 144.179 billion cubic meter which is 85% of the total storage capacity and is higher than the 74% witnessed last year.

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Malaysian and Indian Palm Oil Industry Join Hands to Promote Sustainable Palm Oil Production and Trade

"The objective of this MoU is to jointly promote Malaysian Sustainable Palm Oil (MSPO) and Indian Palm Oil Sustainability Framework (IPOS) through harmonization between the two national standards."

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Corporate tax cut to improve India's competitiveness in Asia: IHS

The decision to implement the sweeping corporate tax reform measures reflects the slowdown in economic growth momentum, it said.

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It's the latest in a series of restrictions imposed by the Vietnamese government on social media users. from BBC News - Technology htt...