Startups represent an important part of the economy and can shape the future of jobs, products and industries, NITI Aayog Vice Chairperson Suman Bery said on Tuesday. Speaking at the launch of 'AIM-PRIME Playbook', Bery further said science-based startups are particularly exciting due to their potential for delivering large-scale social impact. The AIM PRIME (Program [...]
Sustaining positive momentum for the 14th straight month, equity mutual funds attracted a net sum of Rs 15,890 crore in April amid heightened volatility in stock market and consistent selling by foreign portfolio investors. This was much lower compared to a record net inflow of Rs 28,463 crore seen in the preceding month, data from [...]
The crypto industry has urged the government to reduce the TDS on payments towards gains arising from trading in cryptocurrencies to 0.01 or 0.05 per cent, from the proposed 1 per cent, saying it will hurt retail traders. CoinDCX CEO and Co-Founder Sumit Gupta said 30 per cent tax on income from cryptocurrencies is on [...]
The government has imposed a countervailing duty on copper tubes and pipes coming from Malaysia, Thailand and Vietnam for five years, following recommendations by the Directorate General of Trade Remedies that has probed the matter on a suo-moto basis. The imposition of the duty is aimed at guarding domestic players against imports that are subsidised [...]
The government measures to ease power supply constraints through higher coal imports are likely to increase cost of supply for discoms by 4.5-5.0 per cent in 2022-23, Icra said on Tuesday. On May 5, Ministry of Power (MoP) issued a directive under Section 11 of the Electricity Act, stating that all imported coal-based power plants [...]
The Colombo Stock Exchange has declared Tuesday as a market holiday due to settlement difficulties, nearly a month after it remained closed for a week amid the worst economic crisis in Sri Lanka. The decision also came a day after Sri Lanka witnessed unprecedented violence and political crisis following the resignation of Prime Minister Mahinda [...]
Many pockets of Mumbai plunged into darkness on Monday evening in a power outage caused by what was termed as a "technical fault". The outage comes amid a series of disruptions in power supply faced by the financial capital over the last month amid a severe shortage of electricity that has forced the state discom [...]
Prime Minister Narendra Modi will on May 13 virtually launch the Madhya Pradesh government's new startup policy aimed at encouraging budding entrepreneurs in the state, an official said on Monday. A host of incentives will be given to eligible early stage companies under the Madhya Pradesh government's Startup Policy and Implementation Plan-2022, he said. The [...]
The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13 per cent increase compared to the year-ago period, according to official data. The all-India average retail price of wheat flour or atta was Rs 29.14 per kg on May 8, 2021. The data from the [...]
RailTel has launched Prime Minister Wi-Fi Access Network Interface (PM-WANI) scheme-based access of its public WiFi services across 100 railway stations, the Rail PSU said in a statement on Monday. The soft launch of this public friendly services was done by Puneet Chawla Chairman and Managing Director, RailTel, at a programme held here on Monday. [...]
