Page-21 of Business

Garden Reach Shipbuilders and Engineers becomes first Defence PSU to be activated on TReDS platform

August 10, 2018

The Garden Reach Shipbuilders and Engineers Ltd (GRSE) has become the first defence Public Sector Units (PSU) to be activated on the TReDS (Trade Receivable Discounting System) platform. The platform enables discounting of invoices of MSME sellers against large buyers ..

RBI to pay Rs. 50,000 crore dividend to Government for FY18

August 9, 2018

The Reserve Bank of India (RBI) has transferred surplus (dividend) of Rs. 50,000 crore to Government for year ended in June 2018, over 63% more than Rs 30,659 crore which it transferred in 2017. Significance of Surplus RBI surplus forms ..

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NITI Aayog and CII launch partnership on SDGs

August 9, 2018

The NITI Aayog and Confederation of Indian Industry (CII) have signed Memorandum of Understanding (MoU) on Sustainable Development Goals (SDGs) and entered into three-year partnership. The MoU was signed during Government and Business Partnership Conclave held in New Delhi. This ..

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Government raises import duty on 328 textile products to curb imports

August 8, 2018

Government has doubled import duties on 328 textile products to 20% from existing rate of 10% under Section 159 of the Customs Act, 1962.  Earlier in July 2018, Government had doubled import duty on over 50 textile products — including ..

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Government extends deadline for imposing duty hike on 29 US products by 45 days

August 6, 2018

Union Finance Ministry has further extended deadline on imposing import duty hike on 29 products, imported from United States (US) by 45 days till September 18, 2018 from earlier August 4, 2018. This decision for extension of retaliatory measures for ..

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FICCI launches WOW mobile app to create awareness on preventive healthcare

August 3, 2018

FICCI Ladies Organisation (FLO), the women’s wing of Federation of Indian Chamber of Commerce and Industry (FICCI) has launched WOW (Wellness of Women) mobile application aimed at creating awareness on preventive healthcare for women across the country. WOW app WOW ..

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Core industries growth quickens to 6.7% in June 2018

August 1, 2018

As per data released by Union Ministry of Commerce and Industry, index of eight core industries expanded to 7-month high of 6.7% in June 2018. This was due to better performance by cement, refinery and coal sectors of the index. ..

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Ashok Leyland to supply 10×10 heavy vehicles to Indian Army

July 30, 2018

Indian Army has awarded Rs. 100-crore contract for 81 high mobility 10×10 vehicles to India’s leading vehicle manufacturer Ashok Leyland. This is for first time Indian vehicle manufacturer will deliver heavy duty, high mobility vehicles for the launchers. This will ..

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