Monthly Archives: July 2019

India’s indigenous cinema is going places

Four films on Indian communities are showing at the ongoing International Indigenous Film Festival of Kuching, Malaysia Niranjan Kujur’s Dibi Durga is a unique short film about a day in the life of an indigenous woman. In its duration of a mere six minutes, it manages to encapsulate the sheer …

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Museum starts ‘live’ restoration of Rembrandt masterpiece

‘Operation Night Watch’ aims at preserving the painting for future generations Amsterdam’s famed Rijksmuseum will on Monday begin the biggest ever restoration of Rembrandt’s The Night Watch , erecting a huge glass cage around the painting so the public can see the work carried out live. The multi-million-euro overhaul of …

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FPIs press the panic button on tax surcharge

Are taxed as per individual tax slabs The government may well have targeted high-income individuals while proposing a tax surcharge but that has taken a toll on foreign investors in the Indian capital market. According to experts, a large number of foreign portfolio investors (FPIs) in India operate through a …

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Public, private sectors have to invest: Garg

‘Bulk of investment from govt. firms’ The government hopes to get investments from public sector companies as well as the private sector, according to Finance Secretary Subhash Chandra Garg. Mr. Garg said that the government’s own contribution to gross capital formation was small and so, in the unlikely event that …

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RBI board finalises ‘Utkarsh 2022’

Three-year road map to improve regulation, supervision The Reserve Bank of India (RBI) board, which met in New Delhi, finalised a three- year roadmap to improve regulation and supervision, among other functions of the central bank. This medium term strategy — named Utkarsh 2022 — is in line with the …

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Despite global challenges, 3M India remains bullish

India is an important talent contributor to our global leadership in the U.S., says Ramadurai Minnesota-based 3M Company, that manufactures more than 60,000 products for homes, schools, enterprises, governments and hospitals, may be staring at a barrage of market challenges. These include flagging demand for cars and smartphones, growing end-market …

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‘Financial system has surplus liquidity’

Repo transmission taking 2-3 months against the 6 months earlier, says Das The financial system is “hugely surplus” with liquidity, Reserve Bank of India Governor Shaktikanta Das said on Monday, adding that this would facilitate better transmission of rate cuts implemented by the central bank. “You have to keep in …

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SEBI gets teeth to probe new-age cases

It can fine up to Rs. 10 cr. if a person tampers with information to obstruct probe, destroy data The Finance Bill, 2019 has given the Securities and Exchange Board of India (SEBI) new powers to act against entities that tamper or destroy electronic databases or fail to furnish information …

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Stocks crash on budget, global cues

Surcharge on high income group, strong U.S. jobs data lowering prospects of Fed rate cut dampeners The first trading session of the equity markets after the Union Budget saw stocks in a free-fall mode on Monday as a mix of global factors and domestic concerns emanating from some of the …

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