Tag: Industry

‘It is important to balance excitement with economics’

In a freewheeling chat Karan Tanna, Founder and CEO, Yellow Tie Hospitality LLP and Head of the National Restaurant Authority of India youth committee talks about the hospitality scene and career scopes in Indian restaurant industry.

July 12, 2019

Goa trade, industry give thumbs-up to Sitharaman’s budget

The top official said that the focus on start-ups would give a boost to the nascent sector, while the announcement about recapitalisation of public sector banks would allow industry access to capital, which was hard to come by in recent years.

July 5, 2019

Between the modern and mythical

This is the story of the slow growth of a village on the path of progress. Set in Shivapura, a village that is tranquil and beautiful, the story becomes something of the dark tragedy of our modern times. Chandrashekhar Kambar, with the help of his translator, has managed to pull off the duality between contentment …

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March 11, 2018

Guv highlights darker side of India’s manufacturing, construction industry

India’s construction and manufacturing industry is the country’s second-largest employer and contributor to economic activity, after agriculture. But a darker side to this explosive growth is that it is also one of the most dangerous. The sector must be more prepared to ensure safety of those who work in its lowest rungs. Despite a decline …

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February 23, 2018

Angul Zilla Mahotsav flagged off

The three-day long Angul Zilla Mahostav was inaugurated last night by rural development minister Bikram Keshari Arukh. Except local MP and Talcher MLA, all the four MLAs ~ Mahesh Sahu , Rajani Kanta Singh,Susanta Behera and Sanjeev Sahu ~ attended the inaugural function. Addressing the gathering, minister Arukh said that Angul is rich in culture …

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January 20, 2018

Industry body urges govt to check rising iron ore prices

The rising prices of iron ore in past two-three months has pushed up sponge iron rates by 25 per cent to Rs 24,000 a tonne, an industry body said while seeking immediate government intervention. Iron ore is one of the main raw materials used to produce sponge iron. The other is non-coking coal. “Sponge iron …

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January 7, 2018

In 2017 that saw oil, gas production switch to revenue-sharing mode

While the strategic petroleum sector, including oil and gas, continues to remain outside the new GST indirect tax regime that replaced a 70-year-old system, the industry did manage in 2017 to switch over to a new exploration regime that gives producers marketing and pricing freedom. The petroleum industry has been pushing for its inclusion in …

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December 30, 2017

Flat income tax system undesirable: Industry, trade officials

As the taskforce to draft a new direct tax law gets cracking, industry and trade officials say a flat rate income tax system is undesirable for a country like India with wide income inequality. The new law is to replace the existing Income Tax Act, 1961. “A flat rate is not progressive in an unequal …

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November 30, 2017

J-K demands ‘structured package’ for trade, industry from RBI

Finance Minister of Jammu and Kashmir (J-K) Haseeb Drabu, asked the Reserve Bank India Governor, Urjit Patel, for a “larger structured package” for J-K’s trade, businesses and industry to get back into profitable operations. “The state’s trade, businesses and industry need a larger structured package to get back into profitable operations and mere restructuring of loans …

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November 25, 2017

Industry honchos hail Moody’s rating upgrade for India

Financial sector stalwarts have hailed India’s rating upgrade by Moody’s, saying it was long overdue and will reduce the borrowing cost for the country. Moody’s Investors Service on Friday raised India’s sovereign rating for the first time in 13 years, saying growth prospects have improved with continued progress on economic and institutional reforms. SBI Chairman Rajnish Kumar said …

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November 17, 2017

Govt working on fiscal incentives to boost industry: Prabhu

Commerce and Industry Minister Suresh Prabhu today said he is working closely with the finance ministry and other departments to firm up policy initiatives along with fiscal incentives to give a fillip to industrial growth and job creation. Prabhu said the country’s economy is doing good and it has a huge growth potential in coming …

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October 5, 2017

Industry, exporters bring up GST concerns at meet with FM

Industry bodies and exporters raised their concerns related to the Goods and Services Tax (GST), including timely refund of duties, with Finance Minister Arun Jaitley at a meeting here today. “The minister gave a sympathetic hearing to our concerns and assured all possible help. He has taken all our points positively,” Federation of Indian Export …

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September 28, 2017

Indian industry not investing in job-intensive sectors: Panagariya

Debunking the notion that rigid labour laws are holding back industrial growth in India, the Niti Aayog has said the real reason behind low job creation is the industry’s inability to invest in labour intensive sectors. “The major impediment in job creation is that our entrepreneurs simply do not invest in labour intensive activities,” Niti …

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August 25, 2017

Two years of ‘Baahubali’: Lessons its success taught the industry

It's been two years since the release of the first part of SS Rajamouli's "Baahubali" franchise and there is so much to learn from its success, feel the next-gen filmmakers such as Chandoo Mondeti, Nag Ashwin and Sankalp Reddy. The success of "Baahubali" as a franchise across the length and breadth of the country has proved …

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July 10, 2017

Rakesh Roshan clocks 50 years in Bollywood industry

It is half a century since the prolific filmmaker Rakesh Roshan took to the Industry. Over the span of time, the multi-talented personality has juggled many roles successfully. Rakesh Roshan is known to be an actor in addition to a producer, director, and screenwriter.  After years of working behind the screen, Rakesh Roshan made his …

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July 1, 2017

Industry prepared for GST rollout from 1 July: CII

As the GST Council meets here to finalise issues before the Goods and Services Tax is implemented from 1 July, industry lobby CII said on Sunday that Indian industry is ready for the rollout of the pan-India indirect tax regime. "GST is the most significant indirect tax reform introduced in the country since Independence," Confederation …

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June 18, 2017

Tobacco playing havoc with health, industry on a high

James Bond of yesteryears Pierce Brosnan for once endorsed a scented chewing-tobacco product from India. The Hollywood star falling for the Indian delicacy is enough proof how tempting our products are! In monetary terms, the tobacco industry’s annual business is more than Rs.10,000 crore and it brings in another Rs. 2,000 crore in foreign exchange …

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May 31, 2017