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Talking to ET Now, Rajan Mathews, DG, COAI, says systematic financial issues of the industry need to be addressed as otherwise the government also continues to lose money. Edited excerpts: ET Now: You were moderating the session at the India Mobile Congress a few days back when either MukeshAmbani or Sunil Mittal or Himanshu Kapania asked the government for relief measures. Today the Telecom Commission has agreed to defer spectrum payments from eight years to sixteen years. The contentious AGR
Forget fast growth, India is barely holding on. Just look at the data : Economic Times
The Index of Industrial Production rose just 1.2% in July compared with a 5.2% rise in July 2016. IIP for the manufacturing sector inched up only 0.1% in July, compared with a rise of 6.3% in July 2016.
3 factors slowing the economy down when rest of the world is growing: Raghuram Rajan
Rajan says today the big worry is that growth has fallen considerably and we need to accelerate the pace of reforms so that growth picks up as well as conveying to the business community there are no surprises that are waiting.
Big Ben bell to go silent in London for repairs until 2021
After 12 deep bongs at noon (11.00 GMT), the bell will begin its longest period of silence since it first rang out in 1859.
BSE to 'compulsorily' delist 200 companies on Wednesday
According to this circular, as per the Securities and Exchange Board of India's delisting regulations, promoters of these delisted companies will be required to buy the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the BSE.
Hit by slowing growth and automation, IT industry has started sacking freshers
Several freshers -- or fresh out-of-college recruits -- in the IT industry are being asked to leave by IT majors, even though they are considered the most adaptable to learning new skills, and are usually not paid very high salaries, helping companies keep costs low.
Factory Output Nosedives, Contracts 0.1 Per Cent In June
Factory output contracted 0.1 per cent in June, partly on account of retailers reducing stocks before the implementation of GST or goods and services tax.
Ex- RBI Guv Bimal Jalan says he would have not allowed demonetisation
Jalan has previously stated that a rupee authorized and circulated by RBI and the government should not be demonetized in any situation short of a crisis.
Softbank's Vision Fund invests in Flipkart, becomes largest shareholder in the firm
The investment is part of Flipkart's recent fund raise when it raised USD 1.4 billion from Tencent, eBay and Microsoft. (Moneycontrol)
Without PAN-Aadhaar Linking, Income Tax Return Won't Be Processed.
August 5, 2017 was the last day for filing your Income Tax Return (ITR) this year. However, the last date to link your Aadhaar with PAN is August 31. If you have already filed your income tax return by the due date, you still need to link your Aadhaar with PAN. The government has said income tax returns (ITRs) will be processed after the linkage of Aadhaar with PAN. (NDTV Profit)
GST Council May Finalise E-way Rules On Saturday
The GST Council is likely to lower tax rate on Saturday on job works making fabric to garments to 5 per cent and put in place a mechanism for online registration of goods above a certain value before they can be transported. (NDTV Profit)
RBI Rate Cut Important For Sustained Growth, Says Finance Ministry
The new repo rate at 6 per cent is the lowest in six-and-a-half years. The last rate cut was effected in October 2016. (NDTV Profit)
Coal Utilities Seek State Funds Or Tariff Hike To Reduce Emissions
Thermal power companies account for 80 per cent of all industrial emissions of particulate matter, sulphur and nitrous oxides. (NDTV Profit)
SBI looks to maintain MCLR at existing rates via 2-tier saving interest rate
SBI said balance above Rs 1 crore will continue to earn interest at 4 percent per annum, while interest at 3.5 percent per annum will be offered on balances of Rs 1 crore and below. (moneycontrol.com)
ITC offers quality & value to long-term investors
ITC reported single-digit earnings growth in a quarter marked by GST pangs and regulatory headwinds. The recent cess on cigarettes under GST appears to have dampened sentiment for the stock somewhat. However, we believe GST minimises the vagaries of state-level taxations, and the discount of ITC to the FMCG universe is an opportunity for long-term investors.
Demonetisation crackdown round two: Tax sleuths target corporate accounts
After targeting individuals who made large cash deposits in banks during or after demonetisation, the income-tax department is now going after businesses that deposited lots of cash in corporate accounts in the second round of demonetisation tax notices. (Economic Times)
NALCO adds new product to its portfolio
National Aluminium Company Limited (NALCO) has taken the initiative to produce AA 3105 alloy comprising aluminium, manganese and magnesium at the rolling plant of its smelter division. (moneycontrol.com)
Reliance AGM 2017 LIVE: Ambani announces 1 bonus share for every 1 share held
Shares of Reliance Industries gained around 4 percent intraday on Friday after the Mukesh Ambani-led firm announced a bonus issue on its share. (moneycontrol.com)
Manufacturing sector needs to be more competitive: Vice President
The Vice President of India, M Hamid Ansari has said that the Indian manufacturing needs to improve dramatically in terms of productivity and efficiency to compete in the globalised market, said a government release on Tuesday. (India Infoline)
Retailers' Association Appeals For Review Of Cash Bills Format In GST
The Retailers Association of India (RAI) has appealed to the finance minister to simplify the prescribed sale invoice format for cash bills rendered to customers claiming it is "confusing". (NDTV Profit)
`Forgot password’ commonest query in GST’s first fortnight; offline utility to be launched on July 24, says GSTN Chairman Navin Kumar
Persuading traders to upload invoices in advance a big challenge; companies facing issues with digital signatures because of not following instructions on the portal
A week of GST: Teething trouble and facepalm moments for consumers, traders
If the government keeps adding specifications later, traders may fear being held against the law for evading taxes. (moneycontrol.com)
Siemens opens its first digital factory in India
The German company hopes to use Mumbai's digital factory as a showcase to sell a range of plant automation equipment and software to Indian manufacturing units. (Economic Times)
India, Israel launch 5-year tech fund to further business ties
India and Israel today launched a five-year technology fund, reminiscent of a fund that boosted the Jewish state's ties with US over four decades, and agreed to holds talks for an investment protection treaty in a bid to boost trade and business ties. (moneycontrol.com)
20th September 2015: Quality Mark Awards for manufacturing Heavy Engineering Quality Products: Chapter Madhya Pradesh
21st of March 2015: FMPCCI IInd Outstanding Achievement Awards 2014
21st of March 2015: Skoch Achiever Award
United Engineering Industries is a manufacturer one stop solution of highly engineered special heavy metal fabricated & machined components. Supply of assemblies for Rail Transportation, Steel Bridges & Girders, Nuclear Power, Thermal & Hydro Energy, Steel, Cement & Minerals and Petrochemicals. Our manufactured components are not only supplied in INDIA but globally which has been acclaimed by all. We are also a RDSO & IBR approved Company.
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