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Bhubaneswar
Friday, December 15, 2017

Business

GST Hits Nepal’s Export To India: Report

Kathmandu(PTI): Nepal's export to India has been adversely affected after the enforcement of Goods and Services Tax as Nepali goods have become less competitive in the Indian market due to high duty in post-GST period, a media report said today. Trade of major export items to India, which were enjoying zero duty or nominal tariff earlier, has dropped significantly, the...

Onion, Tomato Price Rise A Seasonal Effect: Paswan

New Delhi(PTI): Consumer Affairs Minister Ram Vilas Paswan today termed the rise in onion and tomato prices as "seasonal factor", saying the situation will normalise in a week or so on improved supplies of the fresh crop. In the national capital, retail onion prices are ruling as high as Rs 51 per kg and those of tomato at Rs 80....

Odisha Govt May Apply For Geographical Indication Tag On Hand-Woven Ethnic Shawl

Koraput(PTI): The Odisha government was planning to apply for a GI certificate and create a national market for the hand-woven ethnic shawls made by Dongria Kondh, a tribal group of Odisha. Mostly crafted by women for their own use and to present to guests as a mark of respect and affection, the embroidered shawls are entirely handmade. "In view of...

Odisha Confident Of Mega Project On Land Earmarked To Posco: Industry Secretary

Bhubaneswar(PTI): Unfazed by Posco's move of suspending its plan to set up a Rs 52,000-crore steel plant in Odisha, the state government said a project "with huge investment" is expected as many big companies are showing interest in the land allotted to the Korean steel major. In March, Posco-India requested the Odisha government to take back its 2,700 acres of...

Ease Of Doing Business Remains A Major Concern: Sunil Mittal

Mumbai(PTI): Sunil Mittal, the head of the largest telecom operator Bharti Airtel, has said ease of doing business still remains a "major concern" and urged the government to do more. "The ease of doing business remains a major concern. I know government is very focused on this, the PM wants our ranking to go up. You come out with fantastic...

Anti Corrosive Pipe Wrapping Introduced In Rourkela Steel Plant

Bhubaneswar(PTI): The Rourkela Steel Plant (RSP) today said its Pipe Plant had achieved a major breakthrough in the ongoing 20-inch spiral welded pipe campaign through production and supply of 5.8 mm thickness pipes with special "polyster re-inforced anti-corrosive coal tar wrapping". These specialty wrapping and coating were not a part of RSP s normal manufacturing process. Keeping in mind the constant...

Cupertino City To Help Odisha Market Tourism Products

Bhubaneswar:Cupertino city of The United States of America will cooperate with Odisha to market its tourism products and cultural potential, Cupertino city Mayor Sabita Vaidyanathan said today. She said this after meeting Odisha's Tourism and Culture minister Ashok Chandra Panda here. The visiting dignitary had a discussion with the state government on bilateral cooperation between Odisha and Cupertino in the field...

GST Collections At Rs 92,150 cr In September

New Delhi(PTI): The government has collected Rs 92,150 crore as Goods and Services Tax (GST) in September from 42.91 lakh businesses, the finance ministry said today. Of this, Rs 14,042 crore is on account of Central GST, while State GST is to the tune of Rs 21,172 crore. Integrated GST collections stood at Rs 48,948 crore, of which Rs 23,951 crore...

Odisha Has 1 Lakh Acre Land Bank For Industries, Claims Industry Department

Bhubaneswar(PTI): As part of initiatives to help investors set up facilities in the state, the Odisha government has built up 1 lakh acre land bank, a senior official has said. Keen on attracting investments in the mineral-rich state, the government has offered various sops and incentives to investors who were showcased advantages of setting up ventures here, Department of Industries,...

Aadhaar Linkage With Bank Accounts Mandatory, Says RBI

Mumbai(PTI): Reserve Bank of India today said biometric identity number Aadhaar linkage with bank accounts is mandatory. The RBI clarification followed media reports quoting a reply to a Right to Information (RTI) application that suggested the apex bank has not issued any order for mandatory Aadhaar linkage with bank accounts. "The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar...

Kamal Haasan Throws His Weight Behind ‘Mersal’

Chennai(PTI): Veteran actor Kamal Haasan today threw his weight behind the makers of Vijay-starrer 'Mersal', asking those opposing the just-released Tamil movie over references to the GST to "counter criticism with logical response". In a Twitter post, Haasan said: "Mersal was certified. Don't re-censor it." "Counter criticism with logical response. Don't silence critics. India will shine when it speaks," he said. Haasan...

Now, Air India Looks For Rs 1,500 Crore Short Term Loans

New Delhi(PTI): Disinvestment-bound Air India has sought proposals for short term loans worth Rs 1,500 crore to meet "urgent" working capital needs, according to a document. This is the second time in little over a month that the flagship carrier has floated tenders for short tenure loans even as the government is working on the modalities for the stake sale. The...

Nalco Moots 2 Joint Ventures With US, Russian Companies In Odisha

Bhubaneswar: The public sector aluminium major National Aluminium Company Limited (NALCO) has planned to set up two new joint ventures (JVs), one with US-based Almex and another with Rusal of Russia at the upcoming Angul Aluminium Park in Odisha, informed a senior company official. The two new projects in pipeline will manufacture special grade aluminium to be used in metro...

Hit By DeMo-GST, Corporates Slash Diwali Gifts By 35-40%: Assocham

Lucknow(PTI): Reeling under disruptions arising out of demonetisation and GST rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40 per cent, Assocham said. A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns and...