‘Public sector doesn’t understand profit, business’

SpiceJet chairman and managing director Ajay Singh said on Friday that the Goods and Services Tax (GST) had become an additional burden on the civil aviation sector that needs to become globally competitive in order to boost tourism. “There is no shortage of ambition in the civil aviation sector but a lot needs to be […]

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Public capex to lead the recovery in investment

CHENNAI: India’s macro environment is seeing a lopsided growth recovery largely led by consumption whereas private investments remain sluggish in the short term. It is in this context that all eyes have turned to public capex to fill the void. The country’s top ten state-run firms have planned a capex of Rs 1.33 lakh crore in […]

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NITI Aayog invites public comments on national medical commission bill

A file photo of NITI Aayog vice-chairman Arvind Panagariya. Photo: Pradeep Gaur/Mint A high-level committee headed by NITI Aayog vice-chairman Arvind Panagariya has proposed to replace the Medical Council of India (MCI) with a National Medical Commission. The four-member committee formed in March made its preliminary report public on Wednesday and invited public comments on […]

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Sebi Cautions Public Against Unregistered Investment Advisors

New Delhi: Concerned over investors’ getting lured by false trading tips from unregistered investment advisers, markets regulator Sebi on Thursday cautioned public to deal with only registered investment advisers and research analysts for availing investment advisory services. “The public in general is advised to check the registration status of the entity/person on the Sebi website […]

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Parliamentary Panel Invites Public Comments On Debt Recovery Laws

New Delhi: A Parliamentary Committee has sought comments from the stakeholders on a bill to amend the debt recovery laws with an overall objective of improving the ease of doing business. The views of stakeholders are being sought by June 22 on the Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) […]

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Govt to push for consolidation of public sector banks

In his Budget speech, Mr. Jaitley had announced that public sector banks are expected to get an infusion of Rs. 25,000 crore this fiscal The government will push for consolidation of public sector banks once they are recapitalised and strengthened, Finance Minister Arun Jaitley said today. “We have now undertaken this exercise of recapitalisation of […]

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