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Home > Tamil Nadu
Tamil Nadu
In the pre-GST era, the government had levied a countervailing duty of 12.5 per cent on such imports almost around the time it imposed excise duty on gold in the domestic market. (Photo: Representational)
Duty-free import of gold, silver restricted
19 Dec 2019 5:22 AM

Since 2017, the import of duty-free gold has been going up. As per WTO norms, India cannot apply duties on select products under free trade agreement.

In 41 cases, investigations have been ordered by the Ministry to be conducted by Regional Directors (RDs) and Registrar of Companies (ROCs). Ministry has ordered inspections in 231 cases to be conducted by regional directors or ROCs and inquiry has been ordered against 31 companies to be conducted by ROCs.
SFIO probes 12 cases in last 3 years
10 Dec 2019 2:14 AM

Out of 12 investigations, prosecutions have been filed against 3 companies by SFIO.

“Japan has been looking at countries like Vietnam and Philippines to fill the labour gap. But in recent times, there has been some improvement in the bilateral relations between Japan and India and now the East Asian country is viewing us as a potential source market for qualified workers,” said Dr S. Sarav-anan, Head for Photonics and Nanotechnology Research Centre, Sona College of Technology is the Convener for Japanese Language Course.
Engineering. students learn Japanese
10 Dec 2019 2:14 AM

The country also has shortage of over 1.7 lakh IT engineers. Qualified aspirants are required to have undergone Japanese language training.

Prime Minister Narendra Modi had launched the scheme, along with two other gold related schemes; the gold monetisation scheme aimed at unlocking 20,000 tonnes, or $800 billion worth of gold lying idle in households and temples; and the national gold coin minted in India with the Ashok Chakra engraved on one side and Mahatma Gandhi on the other side.
Gold bonds gather less than 1 per cent of total spend in four years
10 Dec 2019 1:56 AM

After 33 tranches in four years, just about 28.6 tonnes of gold has been bought by investors through the SGB scheme.

PPIs can be issued in the form of cards and mobile wallets.
New pre-paid card/wallet with Rs 10,000 load soon
06 Dec 2019 1:53 AM

Such PPIs can be issued on the basis of essential minimum details sourced from the customer.

This move by TCIL also prevents possible new entrants into these markets, using the brand name after 2024.
Thomas Cook gets brand right for India, Sri Lanka
04 Dec 2019 1:51 AM

TCIL has signed an agreement with AlixPartners, Thomas Cook UK’s appointed Special Managers in this regard.

According to P. R. Somasunda-ram, Managing Director, India, World Gold Council, the trade had enough stocks in the run up to the festive season. Hence the imports were lower during the previous months as well as in October.
Gold imports surge 78 per cent in November
04 Dec 2019 1:33 AM

The country imported 71 tonnes of gold in November, compared with 40 tonnes in October, reports quoting government officials said.

Those under ‘severe’ stress have either limited or extremely poor visibility of debt servicing due to a combination of factors, says an Anarock Capital report. The entire ‘severe stressed’ loan value in real estate is spread across more than 50 developers.
About $14 billion of realty loans under severe stress
03 Dec 2019 1:55 AM

Among the lenders, hosuing finance companies, or HFCs, account for the largest share or 38 per cent of total realty loans.

The salary growth in India is expected to be 9.2 per cent in 2020. At the fag end of last year, Korn Ferry had predicted 10 per cent salary growth for 2019. However, the inflation-adjusted real wage rise for India will remain at 5 per cent this year as well.
Salary growth to crawl in 2020
03 Dec 2019 1:54 AM

Among the high growth countries, Egypt’s salaries are expected to increase by 13.5 per cent and a 6.6 per cent real-wage increase.

Coffee Day Group company
Sical to sell or hive off businesses to pare debt
27 Nov 2019 1:32 AM

Such sale shall be for a price based on valuation and made either through strategic sale or slump sale.

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