Amid the Budget preparation, the revenue department is assessing the feasibility of further adjustments to maximise benefits for salaried individuals.
Posts tagged Rediff
ixigo IPO to put spotlight on Easy Trip, Yatra (28-06-2024)
Shares of Le Travenues, which operates online travel booking platform ixigo, soared 78 per cent on their market debut (June 18) and surged 80.4 per cent in the three days over their issue price. Ixigo has joined competitors EaseMyTrip and Yatra on the bourses. Analysts believe the blockbuster response to ixigo may lead to greater scrutiny of the financial performance of other online travel aggregators (OTAs) like Easy Trip Planners, and Yatra Online.
How govt plans to overhaul PLI schemes (28-06-2024)
To burnish production-linked incentive (PLI) schemes, the government is considering an overhaul of some of them relating to sectors such as textiles and pharma, and making incentive payments quarterly, officials in the know said. In a bid to cut the delay in processing incentive claims, the government is looking at switching to a quarterly disbursement of incentives. Currently, in most schemes, incentives are annual.
‘Unemployment Higher Among Educated…’ (28-06-2024)
‘The more educated a young person is, the higher the chances of him or her remaining unemployed.’
How To Fix Ayushman Bharat: Experts To FM (28-06-2024)
‘Patients under the scheme may ultimately have to go to private hospitals.’
Quality Lapses Shut Down Drug Makers (28-06-2024)
Most of the pharma units are failing in documentation, and validation processes, and many don’t have full-fledged quality control laboratories.
Quality Lapses Shut Down Drug Makers (28-06-2024)
Most of the pharma units are failing in documentation, and validation processes, and many don’t have full-fledged quality control laboratories.
Banks’ gross NPAs at 12-yr low, may fall further (27-06-2024)
The bad assets or gross NPAs of commercial banks fell to a 12-year low of 2.8 per cent in March 2024 and may go down further to 2.5 per cent by the end of the current fiscal, said the RBI’s Financial Stability Report (FSR) released on Thursday. Scheduled Commercial Banks’ (SCBs) gross non-performing assets (GNPA) ratio fell to 2.8 per cent, and the net non-performing assets (NNPA) ratio to 0.6 per cent at the end of March 2024. “The asset quality of SCBs recorded sustained improvement, and their GNPA ratio moderated to a 12-year low in March 2024. Their NNPA ratio too improved to a record low,” said the June FSR.
Jio mobile tariff to go up by 12-27% from Jul 3 (27-06-2024)
Reliance Jio, India’s top telecom operator, announced a 12-27 per cent hike in mobile tariffs — the first in two and half years, setting the stage for other operators like Vodafone Idea to raise charges. The company has also restricted the access of unlimited free 5G services for customers. The hike comes immediately after the spectrum auction, as per the anticipation of sector experts.
Gautam Singhania reappointed as Raymond CMD for 5 yrs (27-06-2024)
Textiles and fabric manufacturer Raymond Ltd on Thursday said its shareholders have approved the reappointment of Gautam Hari Singhania as chairman and managing director for a term of five years effective from July 1, 2024, along with his proposed remuneration. “The shareholders of the company at their Annual General Meeting (AGM) held today (June 27) have approved the re-appointment of Singhania. “The AGM commenced at 3 pm and concluded at 4:05 pm,” Raymond Ltd said in a regulatory filing.