Author: Finance Khabar
New Delhi: The GST collection crossed Rs 1 lakh crore in the month of February as well. The government recovered Rs 1.05 lakh crore under GST in February, an increase of eight per cent over the same month last year. However, the Goods and Services Tax (GST) collection for February this year is lower than the Rs 1.10 lakh crore in January 2020 the previous month. The Finance Ministry said in a statement on Sunday, ‘The gross GST collection in February 2020 is Rs 1,05,366 crore, including CGST (Central GST) Rs 20,569 crore, SGST (State GST) Rs 27,348 crore, IGST…
New Delhi: Honda Cars India Limited’s domestic sales in February were down 46.26 percent to 7,269 vehicles. In February last year, the company sold 13,527 vehicles in the domestic market. The company said in a statement that its exports during the period were 64 vehicles. The company’s sales and marketing director and senior vice-president Rajesh Goyal said that the delivery of their vehicles is limited and it is according to the total supply (parts etc.) they have available for the month.
American giant e-commerce company Amazon is preparing to enter the food delivery market in the Indian market soon. According to a report by TechCrunch, Amazon may enter the business early next month. The company has also started testing it with select restaurants in Bangalore. The company has been working on the food delivery market for the past several quarters. It was earlier planned to launch during Diwali. This report states that the company will directly compete with Swiggy-Jomato in the food delivery market. At the same time, UberEats bid farewell to the Indian online food delivery market. Uber has sold…
Chandigarh: Union Minister Anurag Thakur on Sunday stressed that the world has confidence in India and its economy and said that the government aims to put India among the top three global economies by 2025. The Minister of State for Finance and Corporate Affairs said, “We have become the fifth largest economy in the world and aim to include India among the top three economies in the world in the next five years.” He was speaking to reporters here after an event organized by the Income Tax Department and CII. He also referred to the recently announced scheme ‘vivaad se…
New Delhi: Tata Motors’ domestic sales fell 34 percent to 38,002 vehicles in February. In February last year, the company sold 57,221 vehicles. On the occasion, Chairman of the company’s passenger vehicle business unit Mayank Pareek said that the production has been affected by the rising outbreak of Corona virus in China and the fire incident in the factory of one of its important suppliers. He said that the company is taking several steps to reduce the impact on the production of corona virus. At the same time, there is a close relationship with customers regarding the delivery of vehicles.…
Mumbai: Airline company Air Asia India reported a loss of Rs 123.35 crore in the October-December quarter. The company’s loss in the same period of 2018 was Rs 166.15 crore. The company considers January-December as its fiscal year. Air Asia India is a joint venture of Tata Group and Air Asia Investment Ltd, the investment unit of Malaysia-based airline Asia. According to the company’s statement, the company’s total income increased 65 percent to Rs 1,057.55 crore in the third quarter. It was Rs 641.17 crore in the same period of 2018. The company incurred a loss of Rs 597 crore…
Lucknow: Airtel Payments Bank has launched Aadhaar Enabled Payment System (AePS) at over 250,000 of its Banking Points across India. With AePS, along with customers of Airtel Payments Bank, customers of any bank with Aadhaar linked bank accounts can undertake financial transactions at the designated banking points of Airtel Payments Bank. Customers of Airtel Payments Bank can also do financial transactions at any AePS enabled bank. AePS allows customers to carry out financial transactions on a Micro-ATM by using their Aadhaar number or virtual ID to access their Aadhaar linked bank account. Transactions will be authenticated only if the customer’s…
New Delhi: The study institute Center for Economic Policy Research (CEPR) said in a report that the accounting committees of the board of directors of companies need to take a more active role to investigate all financial and governance related irregularities. The CEPR report states that the role and accountability of auditors and accounting committees need to be clearly defined. The report stated, “Management expects auditors to spot deficiencies with impartiality. But the limited scope and undefined area of work and powers makes it almost impossible to detect many of them. ” According to the report, in such a situation…
Mumbai: Companies are increasing their reliance on professional recruitment organizations to engage the best talent. Although social media and employment related websites still remain the most preferred medium. This has been revealed in a study. CIEL HR Services said in a study that companies are now increasing their reliance on professional recruitment companies for hiring junior, middle to senior positions. In ‘CIEL Works 2020: Latest Trends in Indian Talent Market 2020’, it said that social media and employment related websites are still a priority to connect new people together, but now more companies prefer professional recruitment agencies. Aditya Narayan Mishra…
New Delhi: The price of non-subsidized LPG gas cylinders has been cut. After which the price of 14.2 kg gas cylinders without subsidies in Delhi and Mumbai has been cut by Rs 53. According to the revised rate chart published on the website of Indian Oil, now people will have to pay less money to buy gas cylinders. The decision to reduce gas cylinders will benefit customers who buy non-subsidized cylinders. At the same time, traders who use commercial cylinders are also relieved. Please tell that between August 2019 to January 2020, the price was increased six times in a…
New Delhi: Finance Minister Nirmala Sitharaman inaugurated the 44th Civil Accounts Day event today. The event has been organized by the Controller General of Accounts (CGA). In his address, she said that today Direct Benefit Transfer (DBT) and Goods and Services Tax (GST) are being discussed all over the world. She said that these two are like a silent revolution in democracy. The game of middlemen came to an end due to direct benefit transfer and the government as well as the public has benefited immensely. She said that with the help of technology, the country has benefited by Rs…
Japanese two-wheeler manufacturer Honda has launched the new BS6 Honda Unicorn while updating its vehicle line up in the Indian market. The company has fixed the starting price of this new bike at Rs 93,593. This bike company has been launched as a replacement for the previous models CB Unicorn and CB Unicorn 160. Which is much more expensive than the previous model, the previous Unicorn 160 was priced at Rs 75,884 and the CB Unicorn was priced at Rs 80,741. Let me tell you, Unicorn has been quite famous in the Indian market, and it is the first bike…
New Delhi: Many questions are being raised about the decision on demonetisation (2016). Those raising questions say that despite demonetization, there has been an increase in the use of cash in the economy. There is no doubt that the use of cash has increased, but there is a break at a fast pace. Demonetisation was decided in the financial year 2016-17. Currency circulation was 10 lakh crore in 2014-15. It picked up in the next financial year (2015-16), but the demonetisation decision was taken on 8 November 2016. This decision led to a drop in 2016-17. The impact of demonetisation…
Kolkata: The proposed three-day nationwide strike of various bank employees’ organizations from March 11 has been postponed. All India Bank Employees Association, an organization of bank employees, gave this information in a statement here. The organization said that the decision to postpone the strike has been taken due to positive progress in the meeting held with the Indian Banks’ Organization (IBA) in Mumbai on Saturday. The strike was called by the United Forum of Bank Unions, a group of banking sector employees’ organizations. The All India Bank Employees Association said in a statement that various employee organizations met in Mumbai…
New Delhi: The expansion of 4G in the country is increasing and more than 80 percent of smartphone users are using 4G network. Also, more than 50 percent of the customers believe that the battery capacity of the smartphone should improve. This information has come out from a recent survey. According to this survey, users like 4G. AI-based company MoMagic conducted a survey in which it was found that more than 80 percent users use 4G. At the same time, 32 percent users focus on the processor while buying mobile, while 31 percent camera wants 51 percent consumer powerful battery.…
Scheduled to take place on February 29 with an all-inclusive trip to the Taj Mahal, this informal setup will serve as the backdrop to discuss some of the most critical issues in the Indian start-up ecosystem Agra: TiE Delhi-NCR, one of the most vibrant chapters in the TiE global network, is all set to host ‘TiE Tours: Unconference on gogoBus’, a one-of-a-kind business trip that aims to leverage a unique setting to create differentiated entrepreneurial value. Scheduled to kick off from New Delhi on February 29, the unique day-long conference will provide key stakeholders in the Indian start-up ecosystem with…
New Delhi: Life insurance company Max Life Insurance Company Limited, in association with Yes Bank, has sold 2.8 lakh insurance policies in the last fifteen years. The company said in a statement issued on Saturday that it has completed 15 years of its partnership with Yes Bank. The partnership of the two began in February 2005. During this period, the two have sold 2.8 lakh insurance policies worth Rs 34,500 crore. The company said that it has so far paid claims in excess of Rs 70 crore in the event of the death of the insured. Max Life Chief Executive…
New Delhi: Hero Motocorp Limited said on Saturday that it has inaugurated the first training center for women at the Industrial Training Institute (ITI) in Ambala, Haryana. This center of excellence for women will build skills among women at ITI Ambala, Haryana. The center, launched in collaboration with the Department of Skill Development and Industrial Training, Government of Haryana and the United Nations Development Program (UNDP), aims to increase employment opportunities for women in the automotive industry. A company statement said that women will be given industrial training in a fully functional technician training laboratory established under this association. This…
New Delhi: Reliance Industries on Saturday said it has acquired a 37.7 percent stake in textile manufacturer Alok Industries Limited under the Insolvency Code. The deal was done for Rs 250 crore. Reliance had bid jointly with JM Financial Asset Reconstruction Company Limited for the acquisition of Alok Industries. Alok Industries was auctioned under the Insolvency Act to recover the debts of the lenders. The Ahmedabad bid of the National Company Law Tribunal (NCLT) approved the joint bid last year. Reliance Industries Limited told the stock market, “As per the accepted proposal, Alok Industries today allocated 83.33 crore equity shares…
New Delhi: The government has decided to gear up to reduce dependence on China and other countries in the matter of medicines. Significantly, due to the situation arising due to Corona virus in China, the government has had to take this decision. Health workers and medical experts have for a long time been asking the government to reduce dependence on drugs in China. The current situation has affected the production of medicines in China. Due to this, India is not getting many essential medicines from there. India currently relies on China for everything from paracetamol to important anti-biotics. The government…