-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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BHU protest was mishandled, probe report likely to say -Rajeev Dikshit
-The Times of India VARANASI: A high-level official report on the recent violence and arson in Banaras Hindu University (BHU) has reportedly noted that proper and timely communication with protesting girl students by the varsity administration could have nipped the problem in the bud and prevented it from escalating. On Tuesday, the BHU vice-chancellor, too, ordered a probe into the incidents headed by a retired HC judge. UP chief secretary Rajiv Kumar had...
More »Centre to police: Nudge people to achieve goals of demonetisation -Srinath Rao
-The Indian Express The move came about, the letter mentions, during a meeting chaired by Prime Minister Narendra Modi in New Delhi on August 25, 2017, where it was found that proof of pending recommendations being implemented was present only on paper. Mumbai: The Union Home Ministry has written to police forces across the country to assess their efforts to encourage citizens to move to cashless transactions and curb fake currency and...
More »Govt readies booster dose to revive stuttering economy, may target MSME sector -Suchetana Ray
-Hindustan Times India’s economic growth slumped to 5.7% in April-June quarter, which experts attribute to demonetisation that sucked out 86% of the currency in circulation from a largely cash-reliant economy. The government’s expected measures to revive a stuttering economy could mainly target the MSME sector and involve a re-look at public-private project norms to boost investment without breaching its fiscal deficit target for the year, officials involved in the process told HT. Besides,...
More »Why Arun Jaitley is unable to cut petrol, diesel prices -Abhik Deb
-The Times of India NEW DELHI: In the last one week or so, the government has actively turned its focus towards reviving the country's economy. On Thursday, news agency Reuters quoted government officials to report that the Centre is planning to spend up to Rs 50,000 crore to arrest the 'economic slowdown'. This report came a day after Finance Minister Arun Jaitley said that the government is considering additional measures to...
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