‘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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Realty sector sees ₹16,000-crore investment in first half of fiscal

Mohammed YousufBig bang policy reforms, economic and political stability, liberalisation of the FDI policy and improvement in the investment community’s sentiment are some of the factors working in Indian real estate’s favour BENGALURU, JULY 20:   The first half of calendar year 2017 witnessed an investment inflow of ₹16,000 crore into the real estate sector, the […]

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What the education sector can expect once GST kicks in

Education is a major sector of any economy, the quality of which, very often, determines its future. It has been a fundamental right since the Right of Children to Free and Compulsory Education Act was passed by the Parliament in 2009. Thus, it is the country’s foremost duty to ensure the provision of and accessibility to […]

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‘Women employed the most in education sector’

Women had the highest share of employment in the education sector at 24.47 lakh workers in April-June, followed by manufacturing sector at 18.57 lakh workers, according to the revamped first round of Quarterly Employment Survey (QES). The survey, for April-June, the first quarter of FY17, covered eight sectors of the Indian economy — manufacturing, construction, […]

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Competition brings in new energy that is required for banking sector

(From left) Tamal Bandyopadhyay, consulting editor, Mint, and adviser to Bandhan Bank; Dinesh Kumar Khara, managing director, State Bank of India; Julian van Kan, managing director, head of banks and intermediaries, Asia Pacific region, BNP Paribas; and Bharat Padmanabhan, managing director, regional head, Asean and South Asia, Standard Chartered Bank. Photo: Mint Singapore: Competition in […]

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Farmers Body Supports Ban On FDI In Tobacco Sector

New Delhi: Pitching for a ban on foreign investment in tobacco sector, Federation of All India Farmer Associations (FAIFA) on Friday said multinational firms are using ambiguities in the FDI policy to endorse international brands in the country, which encourages illegal trade. FAIFA, which claims to represent ‘lakhs of tobacco growers’ in India, alleged the […]

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NITI Aayog Concerned Over Total FDI Ban In Tobacco Sector

New Delhi: The proposal to completely ban foreign direct investment (FDI) in the tobacco sector has run into rough weather as NITI Aayog has raised certain issues on the plan. However, the proposal of the Department of Industrial Policy and Promotion (DIPP) has got the support of the Finance Ministry. The DIPP is expected to […]

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IT sector behind Bengaluru’s high CO2 emissions

Around 60% of the urban passenger transportation in the two cities was “commute traffic”, which is travel to the workplace and back. Photo: AFP Hyderabad: One fifth of the commuters and households in Bengaluru are found to have produced half of the carbon dioxide emissions in the city, according to a study. Commute to tech […]

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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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