Tuesday , 17 September 2019
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Scale up operations, exports: Prasad to electronics CEOs

New Delhi: Projecting India as an emerging hub for electronics manufacturing, Information Technology (IT) Minister Ravi Shankar Prasad on Monday told leading CEOs of the technology majors to scale up operations and said that India’s fundamentals of the economy are strong. “Electronics manufacturing in India has recorded tremendous growth. The Value of Electronics products manufactured in India has increased from …

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Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

Mumbai: Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign banks had a share of Rs 58,630 crore, according to RBI data published in the Handbook of Statistics on Indian Economy 2018-19. The total savings deposits with commercial banks, including foreign ones, in 2018-19 stood at …

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Nearly Rs 4Kcr spent on Swachh Bharat info, education: Study

New Delhi: To make the Swachh Bharat Mission a success, India mobilised huge resources for information, education and communication (IEC) activities, with a new report estimating that the cash expenditure by the government, private sector, and the development community to be between Rs 3,500-4,000 crore in five years since the programme’s launch. Of this cash spend, around 20 per cent …

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Motorola launches first smart TV in India, Moto e6s phone

New Delhi: Following the footsteps of Chinese smartphone maker Xiaomi, Lenovo-owned Motorola has ventured into the consumer durables space with the launch of a smart TV for the first time in India on Monday. Motorola also announced the Moto e6s smartphone at an affordable price point of Rs 7,999 on the same day. Xiaomi is already a leading player in …

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Manipal Hospitals Goa observes World First Aid Day

PANAJI: In an attempt to raise awareness on the importance of first aid among school kids, Manipal Hospitals Goa collaborated with Mushtifund High School Parent Teachers Association (MHSPTA) on “World First Aid” day. The programme was unveiled by Dr Jeedhu Radhakrishnan, In-charge of department of accident and emergency at Kasturba Medical College and Hospital Mangalore along with Sagar Agni chairperson …

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It’s a sign that you’re hiding real data: Rajan on Goyal faux pas

IANS New Delhi Commerce Minister Piyush Goyal’s “gravity” gaffe refuses to die down. Former RBI governor Raghuraman Rajan on Friday launched a scathing attack on Goyal dissecting every word of his remark and saying that he fails to understand the “gravity” of economic slowdown. “When you don’t understand the #GRAVITY of the economic slowdown, the words stumble and reasoning becomes …

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E-assessment scheme to curb human interface: Tax dept

IANS New Delhi In its bid to curb corruption by making tax filing and their review faceless, the government has come out with e-assessment scheme, 2019 making it mandatory for all communication between tax department and taxpayers to be done online. Now, tax notices will be issued by a centralised e-assessment centre requiring taxpayers to reply only through digital mode. …

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IT minister to meet global tech brass on Sep 16

IANS New Delhi IT Minister Ravi Shankar Prasad will hold discussions with CEOs of over 50 global technology companies including Apple, Samsung, Vivo, and Xiaomi on Monday, seeking their inputs on opportunities and expectations from the government to make India a powerhouse for the electronics manufacturing sector, IT Secretary Ajay Prakash Sawhney said on Friday. He said that over $15 …

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Forex credit to exporters at below 4% on anvil: Goyal

IANS New Delhi Commerce Minister Piyush Goyal on Thursday said the soon to be issued norms on foreign exchange export credits to exporters could be pegged below 4 per cent in order to boost exports. Addressing the Board of Trade meeting here, which included many industry association representatives, Goyal expressed concern at the fall in export credit and said he …

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Industrial output growth drops to 4.3% in July

PTI New Delhi India’s industrial production growth slowed to 4.3 per cent in July, dragged mainly by manufacturing sector’s poor show, according to government data released on Thursday. Factory output, as measured by the Index of Industrial Production (IIP), had expanded 6.5 per cent in July 2018. The industrial output growth was recorded at 1.2 per cent in June and …

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