Slowdown temporary, reforms will reverse trend: Mukesh

Industrialist Mukesh Ambani on Tuesday said the slowdown in the Indian economy was temporary and the recent measures taken by the government would help reverse the trend in the coming quarters. Speaking at Saudi Arabia’s annual investment forum, also known as ‘Davos in the desert’, he said the reforms undertaken …

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Govt. to work on relief package for telcos

Industry stares at over Rs. 1.4 lakh-crore payout to exchequer The government has constituted a Committee of Secretaries (CoS), headed by Cabinet Secretary Rajiv Gauba, to work out a relief package for the telecom sector, a move that may help mitigate the impact of the more than Rs. 1.4 lakh …

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Automobile sales witness Diwali boom

The festive season has brought some relief to automakers, with passenger vehicle makers witnessing up to a 50% jump in retail sales during the Diwali period — driven mainly by high discounts — as compared to the festive season last year. Even though this growth comes on a low base …

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Post-monsoon season sees excess rainfall

A prolonged south west monsoon, the onset of the north east monsoon, and cyclone Kyarr have resulted in a wet October across the State. October to December is considered the post-monsoon period, which includes the north east monsoon. Source :

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‘Deep discounts by e-com firms hitting GST revenue’

The Confederation of All India Traders (CAIT) has written to Finance Minister Nirmala Sitharaman alleging loss of GST revenue to the government due to deep discounting by e-commerce firms, particularly Amazon and Flipkart. Seeking investigation into the business model of both the players, CAIT said e-commerce companies sell goods much …

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‘Unintended pregnancy endangers mother, child’

A study conducted by the World Health Organization (WHO) in 36 countries found that two-thirds of sexually active women who wished to delay or limit childbearing stopped using contraception for the fear of side effects, health concerns and underestimation of the likelihood of conception. This led to one in four …

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