Page-26 of Business

India notifies higher tariffs on 29 items imported from US

June 22, 2018

India has notified higher tariffs on 29 items imported from United States (US). This is was in retaliation against US announcement imposing tariffs on steel and aluminium items — 25% and 10% respectively — imported from all countries except Canada ..

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Women Wizards Rule Tech programme launched by NASSCOM to increase number of women in senior levels in IT industry

June 20, 2018

Indian IT industry’s apex body NASSCOM (National Association of Software & Services Companies) has launched ‘Women Wizards Rule Tech’ programme to increase number of women in senior levels in Information Technology (IT) industry. The programme was announced in March 2018 ..

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IRDAI constitutes Suresh Mathur committee to review norms related to Insurance Marketing Firms

June 20, 2018

The Insurance Regulatory and Development Authority (IRDAI) has set up 10-member committee to review norms related to Insurance Marketing Firms (IMF) with an aim to increase insurance penetration in the country. The committee will be headed by Suresh Mathur (ED-IMF, ..

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Liberalised Remittance Scheme: RBI alters definition of relative to check outward remittances

June 19, 2018

The Reserve Bank of India (RBI) has narrowed the definition of relatives under the ‘maintenance of close relative’ category of Liberalised Remittance Scheme (LRS) to check outflow of funds and prevent misuse of facility. Henceforth, funds under this category can ..

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Government to expand BPO promotion scheme for rural youth to 1 lakh seats

June 19, 2018

Ministry of Electronics & Information Technology (MeitY) is planning to expand its India BPO Promotion Scheme to 1 lakh seats from current 48,000 seats. It will also set up 5th and India’s largest National data centre (NDC) in Bhopal, Madhya ..

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India notifies WTO of its decision to impose higher import tariffs on 30 US goods

June 18, 2018

India has notified World Trade Organisation (WTO) of its decision to impose higher import tariffs (ranging from 20 to 50%) on 30 goods from United States. It includes motorcycles (engine capacity of more than 800 cc), heavy machinery, certain iron ..

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TCS becomes first Company to close over Rs. 7 Trillion Market Cap

June 16, 2018

India’s IT major Tata Consultancy Services (TCS) became first listed company in India to close day’s trade with market capitalisation (m cap) of over Rs. 7 lakh crore (over $103 billion). M cap is value of company that is traded ..

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US slaps 25% tariff on $50 billion worth of Chinese goods

June 16, 2018

United States has slapped stiff 25% tariff on US $50 billion worth of Chinese goods. It has accused China of intellectual property (IP) theft and unfair trade practices. This decision has triggered full-fledged trade war between world’s two largest economies. ..

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