Opposition members in Rajya Sabha today strongly raised the issue of agrarian crisis in the country, saying farmers were being forced to do distress sale of crops in the face of cheaper zero-duty imports.
Finance Minister Arun Jaitley today described the Goods and Services Tax (GST) as a "win- win" deal for all as it will expand the tax net, end "inspector raj" and bring down prices of goods.
The BSE Sensex recovered over 174 points in opening trade today on fresh buying by investors after Hndustan Lever reported better-than-expected earnings.
India’s plan to reduce its dependency on oil imports by 10 per cent by 2022 is likely to take a marginal hit in current fiscal as good monsoon and gradual acceleration of economic activity is all set to push up crude oil demand in the country to the double digit growth.
But lower global crude oil prices would come to the aid of the country as even with growth in demand the overall crude oil import bill of the country would rise only marginally over FY17 when country imported about 213 million tonnes of oil by paying about $ 70 billion.
The Monsoon session of Parliament had a stormy start on Tuesday, with the opposition forcing a washout by creating pandemonium over various issues and an angry BSP chief Mayawati resigning from the Rajya Sabha for not being allowed to speak on the dalit issue. Members from parties like the Congress, the Trinamool Congress, the Left parties and the RJD created uproar in both the Lok Sabha and the Rajya Sabha as soon as the Houses met for the day.
As the opposition was gearing to corner the Centre on the worsening security situation in Jammu and Kashmir, a union home ministry’s report tabled in Parliament on Tuesday claimed that number of terror attacks in the state and incidents of stone pelting have come down compared to last year. The report aims to puncture opposition claims that violence in the troubled state had gone up since the BJP and People’s Democratic Party (PDP) alliance assumed power.
With Air India’s sell-off looking imminent, the carrier’s top boss Ashwani Lohani has assuaged its 20,000 staff that their “genuine and valid” interests would be protected during disinvestment.
Since most of the stocks are lying almost in open without proper protection from rain, onions have started rotting. According to a back-of-the-envelope calculation, the loss could be about Rs 500 crore.
Small and medium enterprises (SMEs) have put 900 finished and semi-finished products on the watch list for monitoring demand trend after goods and services tax (GST) kicked in this month.
Markets regulator Sebi on Tuesday asked listed banks to make additional disclosure on divergence in asset classification and provisioning to stock exchanges in a prescribed format. The move will help banks to recognise their stressed assets as non-performing more uniformly. The banks will have to disclose where additional provisioning requirements assessed by RBI exceed 15 per cent of the net profit for the reference period.