-The Indian Express The RBI which studied the results of 2,726 non-government and non-financial companies said the overall EBIDTA of these corporate showed a 0.2 per cent increase. However, net profit declined by 6.9 per cent even as sales improved by 7.2 per cent. Mumbai: Small companies are finding the going tough with sales and profits taking a big beating in the wake of demonetisation and implementation of Goods and Services Tax (GST)....
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The Centre could provide relief from rising fuel prices by cutting taxes, but here's why it may not -Nitin Sethi and Mayank Jain
-Scroll.in The price of petrol and diesel remains as high even though the cost of importing crude oil has halved from 2011. In 2011 when the cost of oil being imported by India was averaging above $100 per barrel, the retail price that citizens paid for petrol in Delhi averaged Rs 65 per litre. But today, when the cost of importing oil is substantially lower at an average of $50 per...
More »Rising input prices keeping down net crop incomes in many states, observes new report
For those who asked why the farmers of Madhya Pradesh, Maharashtra and other states hit the streets during June and July this year, the report prepared by the Committee on Doubling Farmers’ Income could be a ready reckoner. Prepared under the chairpersonship of Ashok Dalwai, the report on Doubling Farmers’ Income after studying the trends in crop income and cost associated with 23 crops, reveals a mixed picture across the...
More »Slavery stain on granite
-PTI London: Leading UK retail chains such as John Lewis and Habitat have withdrawn granite products from their range over fears of child labour and slavery within its Indian supply chains. Businesses selling granite products such as kitchen worktops and tiles are scrutinising the source of their products after global investigators discovered that debt bondage, underage workers and unsafe, unhealthy working conditions are part and parcel of daily working life in Indian...
More »Audit slams Railways on food quality
-The Hindu CAG finds many hazards in catering system; Army’s high-calibre munitions level critical A Comptroller and Auditor General report tabled in Parliament on Friday has found severe deficiencies in the catering services of the Indian Railways, with several stations and trains serving food items “unfit for human consumption”, unpurified tap water being used for food preparation, and food being left unprotected from insects and rats. “Deficiencies in respect of quality of food...
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