Maha: Rise in betel leaf prices makes ‘Calcutta paan’ costlier

Maha: Rise in betel leaf prices makes ‘Calcutta paan’ costlier

Tuesday, 31 December 2019 | PTI | Aurangabad

Betel leaf used to make the popular ‘Calcutta paan’ has got costlier in Aurangabad in Maharashtra, leaving a bitter taste in the mouth of patrons. These leaves come from Medinipur in West Bengal and rates have now touched Rs 1,200 for a bundle of 100 against Rs 500 till some days...

BSNL clears Rs 1,700 crore in dues to vendors

Tuesday, 31 December 2019 | PTI | New Delhi

State-owned Bharat Sanchar Nigam Ltd (BSNL) has cleared Rs 1,700 crore of vendors dues, its CMD P K Purwar said on Monday. The corporation has also made salary payment to its employees for November, Purwar added. “Payments worth Rs 1,700 crore have been released to our vendors and contractors of BSNL,” he...

With four labour codes, 2020 to be a ‘year of reforms’, says Gangwar

Tuesday, 31 December 2019 | PTI | New Delhi

As many as 44 central labour laws are most likely to be subsumed under four labour codes in 2020, making it a year of reforms as the Government works to bolster investments and tackle slowdown blues. Besides, the Union Labour Ministry is mulling launching a “Santusht” portal next month for effective...

Govt will give 5G spectrum for trials to all operators: Prasad

Tuesday, 31 December 2019 | PTI | New Delhi

nIndia will not bar any equipment suppliers, such as China’s Huawei, in the upcoming trials for 5G, with Telecom Minister Ravi Shankar Prasad on Monday saying the government will allocate airwaves to all telecom service providers for conducting trials of super-fast speed 5G networks. Huawei rivals western equipment makers, such as...

No MDR on RuPay, UPI payments will kill industry, warns industry

Tuesday, 31 December 2019 | PTI | Mumbai

No MDR charges on transactions through RuPay cards and UPI payments will kill the digital payments industry, the Payments Council of India stated on Monday while criticising the government’s move. After a meeting with bankers last Saturday, Finance Minister Nirmala Sitharaman had asked them not to charge MDR on payments via...

Govt might breach fiscal deficit target in FY20; need for fiscal stimulus rises: Report

Tuesday, 31 December 2019 | PTI | New Delhi

The Government might breach the fiscal deficit target this financial year amid drop in the revenue mobilisation and expected additional expenditure by the Government, says a report. According to Dun & Bradstreet’s Economy Forecast, the need for fiscal stimulus has increased even as the government finances remain “strained”. “We expect that the...

Market ends steady in a see-saw trade; investors long for fresh cues

Tuesday, 31 December 2019 | PTI | Mumbai

Benchmark indices closed on a flat note after a topsy-turvy session on Monday, with participants fence-sitting in absence of further cues ahead of year-end holidays. At the closing bell, the BSE benchmark Sensex was 17.14 points, or 0.04 per cent, lower at 41,558. The 30-share gauge swung between a high of...

Business Corner

Tuesday, 31 December 2019 | Agencies

LIC pays Rs 2,610.74 crore dividend to govt New Delhi: MR Kumar, Chairman, LIC of India, on Monday presented the dividend cheque of Rs 2,610.74 crore to Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, as the Government of India’s share of the surplus arising out of LIC’s actuarial...

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