Economy

Mumbai’s Goregaon logs biggest drop of 20% in flat prices in 2015: Report

The report has compared the launch prices of 2015 in the mentioned key micro markets with average weighted basic sale price over the last 2 years. (Reuters photo) The year 2015 ended with some good news for the real estate investors in India. A report by property consultant Cushman & Wakefield showed a drop in …

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Falling exports: Centre-states meet on Jan 7 to discuss FTAs, worries over taxation

Exports slid 24.43 per cent in November to $20.01 billion, reaching $243.68 billion in the 11 months of 2015 as against $323.2 billion for the entire 2014. (Reuters photo) Worried over exports continuing to fall for the 12th straight month in November, the centre is meeting states later this week to urge them to resolve issues …

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Trade unions seek doubling of I-T exemption limit to Rs 5 lakh

In their pre-Budget memorandum, trade unions on Monday asked the government to double the minimum income tax exemption limit to Rs 5 lakh, fix minimum monthly wage at Rs 18,000 and raise the basic monthly pension to Rs 3,000 for all workers. “The income tax exemption limit has to be raised to at least Rs …

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Restructuring of nation’s automotive testing and certification in the offing

A restructuring of the country’s automotive testing and certification process is on the way with a clear demarcation between the regulator and the regulated. This will end the ambiguity and unease regarding the role of the Automotive Research Association of India (ARAI) as  the premier automotive testing and certification body that is dominated by private …

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Railways comes out with concept paper on Rail Development Authority

The Indian Railways has come out with a concept paper on Rail Development Authority of India (RDA), according to which the proposed body will be an independent and quasi-judicial one with four key functions — recommending tariffs, ensuring fair play and level playing field for private investment in railways, determination of efficiency and performance standards …

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Demand trend from consumption driven sectors remains muted: Icra

Demand trend from India’s consumption driven sectors continue to be muted despite initial opitmism a year ago, says a recent report by Icra. The report which looks at performances of segments like passenger vehicles (PV) sales, gold demand, retail and FMCG paints a rather mixed scenario pertaining to chances of economic recovery in the coming …

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Retail inflation for farm, rural workers ticks up in November

According to the statement, food inflation under CPI-AL and CPI-RL came in at 4.79 per cent and 5.15 per cent, respectively, in November 2015. (Reuters) Retail inflation for farm labourers and rural workers in November rose to 4.92 per cent and 5.02 per cent, respectively, due to increase in prices of food items. The corresponding …

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Wipro names Abid Ali Neemuchwala as CEO

​In a widely expected move, ​India’s third largest IT outsourcer, Wipro Ltd on Monday ​said it ​has appointed Abid Ali Neemuchwala as CEO & member of the board. He replaces TK Kurien who has b… Read More

Telecom Operators, Platforms Should Not Control Content

Joining the ongoing debate on net neutrality and differential pricing of data services, National Association of Software and Services Companies, or Nasscom, the organisation that represents technology companies on Monday said neither telecommunications companies nor internet platforms should control the content as the world wide web is a public utility. “We, Nasscom, oppose any model …

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