Section: Business

As Modi Government Completes 3 Years, Its Top Five Policy Moves

Published on By prameya news7 (author)

Prime Minister Narendra Modi's government completes three years today. In 2014, the BJP won a massive mandate to rule India and took power after 10 years of Congress-rule, which was scarred by allegations of corruption and slow economic growth. As the BJP-led regime reaches its three-year mark, buoyed by multiple election victories that have helped consolidate its hold on states besides strengthen decision-making, here is a look at the top policies implemented by the government in economy and the social sector.

Airtel, Voda tried to block Jio entry, Trai tells DoT

Published on By prameya news7 (author)

Months after recommending a penalty of Rs 3,050 crore on incumbent operators Airtel, Vodafone and Idea for not providing enough interconnect points to Reliance Jio resulting in call failures, Telecom Regulatory Authority of India (Trai) has argued in a letter to the department of telecommunications (DoT) that its stand was justified. DoT had in February asked Trai to clarify on what basis it had recommended the penalty.

GST roll-out may increase expense ratio of mutual fund houses by 3%

Published on By prameya news7 (author)

With three per cent increase in service tax likely after the implementation of goods and services tax (GST) from July 1, the expense ratio of mutual fund houses across the country will also go up by 3 per cent.

Mumbai, Kota named among worlds most crowded cities

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Two Indian cities -- Mumbai and Kota -- have been named among the worlds most crowded in a list topped by Dhaka, said World Economic Forum (WEF) citing UN Habitat data.

BHEL commission 270 MW thermal unit in Maharashtra

Published on By prameya news7 (author)

Bharat Heavy Electricals Limited (BHEL) on Thursday announced that it has successfully commissioned another 270 MW thermal unit at RattanIndia Nasik Power Limited’s 5x270 MW thermal power project, located at Sinnar in Nashik District of Maharashtra.

HCL Tech to buyback stock at 17% premium for Rs 3,500 cr

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India’s fourth largest software services firm HCL Technologies said on Wednesday it will buyback shares at Rs 1,000 apiece, a 17% premium over current trading price.

Cabinet okays abolition of FIPB: Say happy goodbye to license raj institution

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Just how powerful was the Foreign Investment Promotion Board (FIPB) in its heydays and why is its scrapping being hailed by all?

After Dena, Central Bank of India declares Videocon Industries as bad loan

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Bankers expect Videocon's other asset sales such as Kenstar to fetch about Rs 1,500 crore and another Rs 1500-odd crore from other assets.

Tax sleuths unearth 400 benami deals; Rs 600-cr property attached

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The income tax department on Wednesday said it had identified over 400 benami transactions and attached properties worth Rs 600 crore in about 240 cases.

7th Pay Commission: Latest, June 1 deadline for hike in allowances, cabinet secy

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Finally there is some positive news for central government employees who are awaiting an update regarding their allowances as per the 7th Pay Commission. The Cabinet secretary has assured that report on the allowances committee would be looked into by June 1 2017.