News

India’s growing economic reliance on China may be tough to break

ET News - 4 hours 49 min ago
Following a border clash in which several soldiers on both sides were killed, calls have been growing in India for a boycott of everything Chinese. PM Modi’s government this week banned the use of 59 Chinese apps. Goods purchased from China are being delayed at Indian ports, and authorities are planning to impose higher tariffs and stringent quality controls on shipments.
Categories: Business News

Delhi HC seeks Centre's stand on ‘Country of Origin’ tag

ET News - 4 hours 49 min ago
A division bench of Chief Justice DN Patel and Justice Hari Shankar issued notices to the Ministry of Commerce and Industry and online platforms including Amazon, Flipkart, Snapdeal, Ajio, Nykaa and Decathlon.
Categories: Business News

FM asks GST officers to proactively address issues faced by biz in tax compliance

ET News - 4 hours 49 min ago
In a message to tax officers on the third anniversary of Goods and Services Tax (GST), Sitharaman also said there is scope for easing compliance further for taxpayers, especially MSMEs.
Categories: Business News

'Retrospective amendment' in GST law: Companies file writ petition in Delhi High Court

ET News - 4 hours 49 min ago
The companies claim the government amended the law prohibiting companies to avail tax credit if they had “forgotten” about it only after few companies started claiming it and even approached the courts. Many companies had claimed that when the new tax regime was introduced in July, 2017, they forgot to claim the transitional credit.
Categories: Business News

Long road ahead for export recovery: Report

ET News - 4 hours 49 min ago
Export recovery, which may begin from the second quarter, could get further delayed if the border standoff with China lingers on, an India Ratings report said, adding ability of export-oriented manufacturers to keep up supply will remain key to navigating the path to recovery.
Categories: Business News

GST investigation arm unearths Rs 40 cr tax evasion by pan masala/gutkha mfg unit

ET News - 4 hours 49 min ago
The GST investigation arm DGGI unearthed Rs 40 crore tax evasion by an unregistered pan masala/gutkha manufacturing unit in the national capital.
Categories: Business News

DuckDuckGo goes offline in India; privacy focused search engine in talks with ISPs to resolve issue

ET News - 4 hours 49 min ago
DuckDuckGo has emerged as the second most used search engine in the world after Google, due to its focus on privacy. The search engine says it doesn't collect any personal information on those who use it. It also doesn't throw up the IP address of the user.
Categories: Business News

AI should be focus for Digital India: Nilekani

ET News - 4 hours 49 min ago
A lot of the investments done in the early days are now paying off, such as enabling direct benefit transfers during the Covid-19 pandemic, he said. One big area would be using technology for ease of doing business and allowing enterprises to flourish with minimal human interface in government services, he added.
Categories: Business News

US sees record 52,000 new virus cases in 24 hours

ET News - 4 hours 49 min ago
New daily case numbers have hovered around 40,000 in recent days, with Johns Hopkins recording 42,528 new infections one day earlier.
Categories: Business News

Bengaluru’s Covid case doubling rate is 5x the national average

ET News - 4 hours 49 min ago
The city's case-doubling rate now stands at four days — five times the country's average and and more than three times Karnataka's rate of 14 days.
Categories: Business News

AMU offers its Jawaharlal Nehru Medical College as Level-3 COVID hospital, Yogi government likely to agree

ET News - 4 hours 49 min ago
Professor Tariq Mansoor wrote that the Aligarh division, which comprises four districts, did not have a Level-3 dedicated-Covid hospital and that the AMU had procured ventilators, oxygen supply and testing machines from its own resources. Level-3 hospitals are supposed to be for serious patients.
Categories: Business News

Government panel in first meeting ratifies Chinese app ban

ET News - 4 hours 49 min ago
The Indian government said its decision was based on close to 300 documents and reports seeking a ban on the Chinese apps, claiming that they were compromising user data.
Categories: Business News

Free foodgrain schemes to add Rs 1.49 Lakh Cr to govt's subsidy burden

ET News - 4 hours 49 min ago
The government pays a subsidy of about Rs 1.70 lakh crore annually for cheap grains to 810 million ration card holders under the National Food Security Act (NFSA), which offers poor people 5 kg foodgrains per person per month at highly subsidised rates.
Categories: Business News

‘Our dependence on foreign apps with their own agenda must stop’

ET News - 4 hours 49 min ago
India on Monday banned 59 Chinese apps, including short videos platform TikTok, Helo and WeChat, ShareIT, UC Browser and shopping app Club Factory, to counter the privacy and security threats posed by these applications. These apps have millions of users in India.
Categories: Business News

Delhi pushes antibody tests for unlock 2.0

ET News - 4 hours 49 min ago
After Maharashtra, the Delhi government has asked all private diagnostic centres and laboratories associated with private hospitals to start using antibody tests as a sero-surveillance tool and not a diagnostic test for SARS-CoV-2, according to officials.
Categories: Business News

2,442 fresh Covid-19 cases take tally to over 89K in Delhi; toll at 2,803

Business Standard - 4 hours 51 min ago
Delhi recorded 2,442 fresh coronavirus cases on Wednesday, taking the infection tally in the city to over 89,000, while the death toll from the disease mounted to 2,803,the authorities said.
Categories: Business News

India shows it won't yield to China's aggression: Nikki Haley on app ban

Business Standard - 4 hours 54 min ago
"Good to see India ban 59 popular apps owned by Chinese firms, including TikTok, which counts India as one of its largest markets," Haley tweeted on Wednesday
Categories: Business News

Pfizer up 8.5%; parent firm's potential Covid-19 drug shows positive result

Business Standard - 4 hours 59 min ago
Pfizer and Germany's BioNTech are in a race with companies including AstraZeneca Plc, Moderna Inc. to come up with a safe and effective vaccine against Covid-19
Categories: Business News

Coronavirus daily update: Jharkhand reports 35 new cases, tally at 2,525

Business Standard - 5 hours 3 min ago
Jharkhand's Covid-19 tally rose to 2,525 with 35 more people testing positive on Wednesday, a government bulletin said.
Categories: Business News

Coronavirus daily update: Assam reports 548 cases; total count 8,955

Business Standard - 5 hours 21 min ago
Assam reported 548 new Covid-19 cases, pushing the total number of infections in the state to 8,955, Minister for Health and Family Welfare Himanta Biswa Sarma said on Wednesday.
Categories: Business News