Category Archives: Trade

99% of demonetised notes back in system | RBI


The Reserve Bank of India  in its annual report confirmed that almost 99 per cent of banned Rs 500 and Rs 1000 notes that were demonetised last November have returned to the system.
In the report for 2016-17, the RBI said that out of 632.6 crore pieces of Rs 1,000 currency notes in circulation, 8.9 crore have not been returned post the note ban last November.

The… Read More

SAAB and Adani group join hands for Defence manufacturing

SAAB and Adani group

Swedish defence giant Saab and Indian conglomerate Adani group have announced a collaboration in defence manufacturing entailing billions of dollars of investment, mainly eyeing a contract for single-engine fighter jets for the Indian Air Force.

Announcing the deal in New Delhi , the two companies said the project will encompass design, development and… Read More

e-Rashtriya Kisan Agri Mandi portal launched | Connecting farmers to World Market

The government launched a portal e-Rashtriya Kisan Agri Mandi (e-RaKAM) which will provide a platform to sell agricultural produce. e-RaKAM is a first of its kind initiative that leverages technology to connect farmers of the smallest villages to the biggest markets of the world through internet.

Food and Consumer Affairs Minister Ram Vilas Paswan and Union… Read More

Arvind Panagariya to return to Academics | Resigns from Niti Aayog


Indian-American economist and Niti Aayog Vice-Chairman Arvind Panagariya resigned on Tuesday from his post. Panagariya, however, said he would leave the Government think-tank on August 31 and return to academic circles at Columbia University.

Panagariya’s exit move comes at a time when the Narendra Modi-led Government at the Centre is in the middle … Read More

Rajesh V Shah appointed new NIFT Chairperson


Shri Rajesh V Shah has been appointed as Chairperson on the Board of Governors of the National Institute of Fashion Technology up to 31.03.2019 vice Shri Chetan Chauhan as per the provisions of the National Institute of Fashion Technology Act, 2006. wishes Shri Rajesh V Shah the very best.

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Northeast states to benefit from GST

GST Bill
Eight states of Northeast region  are among the states which are likely to benefit from the GST rollout on the midnight of June 30th and July 1st. Contrary to certain misconceived notions in certain quarters, GST will offer these States an opportunity to realize fiscal growth in tandem with the more developed states of India and thus make up for their own shortcomings.… Read More

Paytm Mall helps car and bike dealers get online

Paytm Mall

Paytm Mall is helping car and bike dealers come online by digitising their catalogues, and is also boosting online discovery through QR codes.This has helped over a thousand dealerships across the country to reach a wider set of customers.

Dealers are also using the QR code as a medium to drive sales without the need of managing a large inventory, Paytm said in… Read More

Telecom industry disappointed at unchanged GST rate


Industry body COAI said it is disappointed with GST rate for telecom services remaining unchanged at 18 per cent.The Cellular Operators Association of India which has Bharti Airtel, Vodafone, Idea Cellular and Reliance Jio as members – has been pushing for lowering of Goods and Services Tax, or GST rate, for telecom services to five per cent in sync with… Read More

Vikram Limaye appointed as MD and CEO- National Stock Exchange

Vikram Limaye

Shri Vikram Limaye currently MD & CEO of IDFC Ltd, and infrastructure financing firm has been appointed as Managing Director and Chief Executive Officer of the National Stock Exchange (NSE) ,The Securities and Exchange Board of India (SEBI) has approved the appointment of subject to his resignation from India’s cricketing body.

Shri Limaye… Read More

Chemist shops to remain closed today across India

Chemist shop

Chemists across the country will shut shop today in protest against the alleged stringent regulations on the sale of medicines. According to the All India Organisation of Chemists and Druggists the one-day strike was called as their several representations opposing the regulations on the sale of medicines in the country, submitted to the government, … Read More

Cisco revenue forecast disappoints; says to cut 1,100 more jobs

Cisco Systems Inc (CSCO.O) forecast current-quarter revenue that widely missed analysts’ estimates and said it would cut 1,100 more jobs, as the world’s largest networking gear maker steps up efforts to transform into a software-focused company.

Shares of the Dow component fell 8.2 percent to $31.05 in after-market trading on Wednesday. … Read More

Faster, better, more efficient: Barco set to showcase OpSpace


Barco, a global leader in professional visualisation and networking solutions, has announced a cutting-edge training module for system integrators and end-users in Bangalore. The premium event is scheduled to take place on May 19, 2017 at Hotel Taj Vivanta at MG Road, Bangalore, and will be attended by over 80 Barco partners, consultants, and over 50 end … Read More

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