Nirmala

Insolvency law main factor in improving health of country’s banking sector: FM in Lok Sabha

New Delhi: Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a main and very crucial factor in improving the health of the country’s banking sector, including recovery of non-performing assets. Piloting a bill for further amending the IBC in the…

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Reliance SEZ export duty clarity key under India’s fuel tax rejig: Analysts

New Delhi:  The applicability of newly reimposed export windfall taxes on shipments of diesel and ATF from Reliance Industries’ SEZ refinery remains the key uncertainty, following India’s fuel duty overhaul, with significant implications for refining margins and government revenues, according to analysts. Under the revised framework, effective March 26, India has imposed export duties of…

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Locals seek affordable airfare as Noida airport takes wing, say benefits must reach poor

Noida:  Welcoming the inauguration of the Noida International Airport, several locals on Saturday urged the government to ensure affordable airfare so that the facility benefits not just the affluent but also the economically weaker sections. Prime Minister Narendra Modi inaugurated the first phase of the airport on Saturday at Jewar in Gautam Buddh Nagar district….

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India opposes China-led investment pact in WTO

New Delhi:  India on Saturday said it has strongly opposed the contentious China-led Investment Facilitation for Development (IFD) Agreement for its incorporation into the WTO framework. Incorporation of the IFD agreement risks eroding the functional limits of the WTO and undermining its foundational principles, Commerce and Industry Minister Piyush Goyal said in a social media…

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Call centres

FCC seeks public comments on bringing call centres back to US

Washington: The Federal Communications Commission has mooted proposals to encourage businesses to bring call centre jobs back to the US and require call-takers to be proficient in American Standard English. In a statement here, the Federal Communications Commission (FCC) said that over the past few decades many corporations shifted their customer service and call centre…

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