- India Inc hails FM steps to boost economy(23:22)
New Delhi, Aug 23 (IANS) India Inc on Friday welcomed the Central government's move to give a major economic boost to diverse sectors such as NBFCs, auto, housing, MSMEs, equity markets and banking via a slew of measures on tax surcharge, GST refunds, easier loans and demand generation.
- Relief for FPIs as Centre unveils booster dose for economy (Roundup)(23:16)
New Delhi, Aug 23 (IANS) With the economy in slowdown mode and expected to falter further, the Modi government on Friday came out with slew of measures including the reversal of the income tax surcharge on FPIs, an upfront recap of PSBs and relief for the struggling auto sector.
- Govt to set up panel to finalise major infra projects(22:12)
New Delhi, Aug 23 (IANS) Finance Minister Nirmala Sitharaman on Friday said that an inter-ministerial task force would be set up to finalise infrastructure projects, as part of the measures to boost the economy.
- 'FPI tax part may be amended in next Parliament session'(21:48)
New Delhi, Aug 23 (IANS) With the government announcing the roll back of the FPI surcharge on Friday, leading experts said considering this was already passed through the Finance Act in the Budget, the likely route the government would take it is to amend the particular portion of the Act in the next session of Parliament.
- Solution for stalled home projects next week: FM(21:40)
New Delhi, Aug 23 (IANS) Holding out hope for distressed home buyers across the country, Finance Minister Nirmala Sitharaman Friday said that the government is working on a solution to get the stalled housing projects completed.
- Realty support: Housing finance firms to get Rs 20k cr more(20:56)
New Delhi, Aug 23 (IANS) In a major relief for housing finance companies and the real estate sector, Finance Minister Nirmala Sitharaman on Friday said that National Housing Bank (NHB) would provide additional Rs 20,000 crore to HFCs, taking up the total liquidity support to Rs 30,000 crore.
- Govt to recap banks with Rs 70k cr to boost lending (Lead)(20:50)
New Delhi, Aug 23 (IANS) Faced with an acute credit crunch following the NBFC crisis, the government has decided to provide Rs 70,000 crore to the banks up front to enable them lend Rs 5 lakh crore, benefitting corporates, retail borrowers, and small traders among others.
- NRAI hits back at Zomato CEO with #ZoGoisNoGo campaign (2nd Lead)(20:44)
New Delhi, Aug 23 (IANS) A day after Zomato CEO Deepinder Goyal taunted Rahul Singh, President of the National Restaurant Association of India (NRAI), on Twitter and logged out of the restaurants' #logout campaign against the deep discounting practices of online food aggregators, Singh on Friday hit back at Goyal by starting a new campaign #ZoGoisNoGo.
- ED searches DCHL promoters in bank fraud case(20:36)
New Delhi, Aug 23 (IANS) The Enforcement Directorate said it carried out searches at the residence and office premises of promoters of the Deccan Chronicle Holding Ltd. (DCHL) -- T Venkatram Reddy and T Vinayakravi Reddy on Thursday and seized several incriminating documents relating to the immoveable properties and digital evidences in a bank fraud case.
- Government gives major boost to auto sector(20:12)
New Delhi, Aug 23 (IANS) The Central government on Friday gave a major boost to the automobile industry by announcing a slew of measures to reverse slowdown denting the sector.
- Paytm Money introduces NFO subscription(20:06)
Bengaluru, Aug 23 (IANS) Paytm Money one of India's largest online platforms for mutual fund (MF) investments, on Friday announced a new offering which allows users to subscribe to NFOs (New Fund Offers) of mutual funds. With this, the platform will allow investments in NFOs from all 40 AMCs in India.
- Economic slowdown matter of deep concern: Kejriwal(19:36)
New Delhi, Aug 23 (IANS) Delhi Chief Minister Arvind Kejriwal on Friday said the economic slowdown is a matter of deep concern for the nation and promised the Centre that the city government will support it in the process.
- NRAI hits back at Zomato CEO with #ZoGoisNoGo campaign (Lead)(19:24)
New Delhi, Aug 23 (IANS) A day after Zomato CEO Deepinder Goyal taunted Rahul Singh, President of the National Restaurant Association of India, on Twitter and logged out of the restaurants' #logout campaign against the "unethical" deep discounting practices of online food aggregators, Singh on Friday hit back at Goyal by starting a new campaign #ZoGoisNoGo.
- India can lead in standardising ethical use of AI: Microsoft(19:16)
By Gokul Bhagabati
New Delhi, Aug 23 (IANS) With the government focusing on the use of Artificial Intelligence (AI) and Machine Learning (ML) as people are increasingly adopting digital technologies, India can lead in setting standards for ethical use of AI, a top Microsoft executive said on Friday.
- Railways plan to reintroduce Ramayana circuit trains(18:58)
New Delhi, Aug 23 (IANS) The Indian Railways plans to reintroduce the Ramayana Circuit tours in November this year, which covers places associated with Lord Rama as mentioned in the epic Ramayana, owing to its successful run last year.
- Authorities don't have to overreach, tax targets achievable: FM(18:50)
New Delhi, Aug 23 (IANS) Responding to India Inc's calls for measures to curb "tax terrorism", Finance Minister Nirmala Sitharaman on Friday said that tax authorities do not have to overreach as the tax targets set in the Budget are well within achievable limits.