GST mop-up at record high of Rs 1.2L cr in Jan

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IRCTC to resume e-catering services at 62 stations from Monday

"IRCTC is going to resume e-catering services at 62 stations in the first phase from February 1, the second phase of resumption will take place most probably after three weeks," an IRCTC official told ANI. New Delhi, Bhopal, Ahmedabad, Howrah, Surat, Vijayawada, Patna, Ujjain, Panvel are amongst major stations where e-catering services will be resumed in the initial leg.

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Budget 2021: Rural poor, farmers' progress to be govt's priority

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RBI likely to maintain status quo on interest rate, say experts

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Petrol prices remain steady ahead of Union Budget day

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Budget: What are tax benefits under Section 80D

Covid-19 pandemic has underscored the importance of health insurance now more than ever. In the initial phase of Covid spread, when capping on hospital charges weren't introduced by the Centre, individuals were left with hefty bills. This highlighted the need for more reforms in the healthcare sector.

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ICICI Q3 profit jumps 19% to 4,940 crore

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Billionaire Steve Cohen quits Twitter

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Myntra forced to revamp logo after outrage

E-commerce store Myntra was forced to revamp its five-year-old brand mark after a social worker and some social media users found the letter "M", designed with overlapping shades of pink and orange to serve as a logo for the fashion and lifestyle e-tailer, to be "indecent, derogatory and denigrating to women".

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Bill to ban private cryptocurrency likely in Parl session

The government is set to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill during the current session of Parliament to ban private cryptocurrencies while putting in place a framework for the launch of a digital currency by the Reserve Bank of India.

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ICICI Bank's Q3 profit rises 17% to Rs 5,498 cr

ICICI Bank on Saturday reported a 17.73 per cent jump in its December quarter consolidated net profit at Rs 5,498.15 crore, as against Rs 4,670.10 crore in the year-ago period.

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India mulls new law to ban cryptocurrencies, create official digital currency

India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.

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Union Budget: India's fiscal deficit explained in 10 charts

In every Budget, fiscal deficit is one of the most keenly observed numbers. This year it’s going to be even more so. India’s fiscal deficit is projected to rise to 7.5 per cent of the country’s gross domestic product (GDP) in this financial year, which is twice the target she had set for the year.

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'Increase R&D spend, jugaad will not help'

The Economic Survey has called for a significant ramp-up of R&D spend, especially by the private sector, arguing that mere reliance on ‘jugaad’ will not help get the required level of innovation.

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In 5 charts: railways poor finances & how to fix it

Railway Budget 2021: Operating ratio has been deteriorating for some years now, with the last few years consistently seeing a figure above 95%.

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Tata Tiago Limited Edition launched at Rs 5.79 lakh: Celebratory XT variant to get 3 colour options

Based on the XT variant, the Tata Tiago Limited Edition will be available in manual transmission, in three colour options. Additional features include new 14-inch Bold Black Alloy Wheels and more.

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Guidebook for startups: Tax benefits, other incentives for eligible ones

A startup, as generally understood, is a venture floated by entrepreneurs, often young and relatively inexperienced, with innovative ideas which could be transformed into a significant business opportunity.

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‘Focus must be on long-term public-health spend, infra’

Covid-19 pandemic has brought healthcare centre stage, highlighting how a health crisis can become a major economic and social challenge, the Economic Survey 2021 said suggesting the need for higher public spending and agile health infrastructure to be able to respond to pandemics.

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Future Group’s Kishore Biyani calls Amazon 'dog in the manger'

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‘Access to bare necessities has improved in all states’

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'Bet on growth to check both poverty & inequality'

India should pay more attention to economic growth as a primary means of decreasing poverty rather than expending more resources on curtailing inequality as redistribution will be better achieved if the size of the pie increases, the economic survey has said.

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‘Smartphone ownership up, could bridge digital divide’

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11% growth, ‘we-shaped’ recovery coming: Economic Survey

The Indian economy is likely to grow by 11% in 2021-22, the V-shaped recovery having been made possible by its strategy of Covid management that focused on protection of life at the expense of a short-term impact on livelihoods, the Economic Survey for 2020-21 has argued.

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Major findings of Economic Survey 2021

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Investors lose over Rs 11.57L cr as markets tank for 6th day

As the equity markets continued to face selling pressure for the sixth consecutive session on Friday, investor wealth tumbled by Rs 11,57,928.54 crore during this time. The 30-share BSE benchmark tanked 588.59 points or 1.26 per cent to finish at 46,285.77 on Friday. The benchmark index has been falling from January 21 onwards, taking the total loss to 3,506.35 points or 7.04 per cent.

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Once-in-a-century crisis, V-shaped recovery: Highlights of Economic Survey

Chief economic adviser (CEA) Krishnamurthy Subramanian on Friday presented the Economic Survey 2020-2021 and dedicated it to all the Covid warriors who upheld the country during once-in-a century crisis. He also likened India's economic recovery to the resilience shown by the Indian cricket team in the recently concluded series in Australia.

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New-gen Hyundai Tucson gets N-Line Treatment: Changes Explained

Hyundai’s sporty look N-Line treatment has been draped over the latest Tucson SUV. The “Motorsport-Inspired” tweaks are said to go on sale soon in international markets.

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Benchmarks fall for 6th session; sensex dives 588 points

The domestic equity market continued its downward journey for the sixth session in row on Friday, with the BSE sensex plummeting over 588 points and the NSE Nifty tumbling nearly 183 points due to across-the-board selling.

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Indian Oil's quarterly profit more than doubles

State-run refiner Indian Oil Corp Ltd's quarterly profit more than doubled, as the value of its inventory increased on the back of higher crude prices and margins rose at its petrochemical business.

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FM tables Economic Survey 2020-21 in Lok Sabha

Finance minister Nirmala Sitharaman on Friday presented the Economic Survey that details the state of the economy ahead of the government's Budget for the fiscal year beginning April 1, 2021. The Economic Survey 2020-21, authored by a team led by CEA Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well as reforms for accelerated growth.

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FM gave four-five mini budgets in 2020: PM Modi

Prime Minister Narendra Modi on Friday said finance minister Nirmala Sitharaman had to give four-five mini-budgets in the form of packages in 2020 and expressed confidence that the upcoming budget would also be seen as part of that series.

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High stakes as India vows to unveil a Union Budget like never before

India will turn to finance minister Nirmala Sitharaman's budget on Monday to see how she prioritizes spending to get the pandemic-ravaged nation back to being the world's fastest-growing major economy.

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Airtel ahead of Jio in 5G demo

India got its first 5G commercial demonstration with Bharti Airtel showcasing the high-speed telecom service in Hyderabad, in what was seen as a signal to arch rival Reliance Jio that it had stolen a march in the introduction of the coveted new-age telecom technology.

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MG Hector & Maruti Suzuki Ciaz promise highest resale value, finds survey

According to the survey, MG Hector has commanded the highest resale value (around 90% in one year) in the SUV category and the Maruti Suzuki Ciaz in the sedan category.

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Economic Survey likely to predict 11% economic growth for 2021-22: Report

India is likely to predict economic growth of 11% in the fiscal year beginning April 1 in its annual economic survey later on Friday, a source said, betting on a sharp recovery from the pandemic-induced slump this year.

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Sitharaman to table Economic Survey: Live updates

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GM aims to end sale of gasoline cars by 2035

GM sold 2.55 million vehicles in the United States last year, but only about 20,000 were EVs, the Chevy Bolt hatchback. It said in November it was investing $27 billion in electric and autonomous vehicles over the next five years, up from $20 billion planned before the coronavirus pandemic.

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How to make Indians part with gold

Indians love gold. Almost every household purchases gold on festive occasions, even if a small quantity. Over the last few decades, household stock of gold has piled up significantly. To put this asset to productive use and help reduce India’s dependence on gold imports, government introduced the Gold Monetisation Scheme (GMS) in 2015.

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Ahead of Budget, PM signals push to infrastructure, manufacturing, technology

Ahead of the Union budget, PM Modi on Thursday signalled a major push to infrastructure, manufacturing, mobility, technology and urbanisation and urged global investors to take advantage of the opportunities available in a “vibrant democracy with a business-friendly environment and a huge market”. The NDA government will unveil the country’s annual budget on February 1.

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5G rollout may be reality by September

5G could be a reality in India by September this year. The govt on Thursday took a decision that allows telecom companies to make changes in technology advancements and upgrades with a notice of only six months, against one year, mandated previously. The modifications have been made part of the amendments to the notice inviting applications for the spectrum auctions slated for March.

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Budget 2021 aiming to revive economy with limited fiscal headroom

The Bharatiya Janata Party (BJP) has promised a game-changing Budget to revive the pandemic-hit economy, but a mountain of debt may force the finance minister to make tough choices when she delivers the package on Monday.

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Gopinath cautions against tightening of policy support

International Monetary Fund's (IMF) chief economist Gita Gopinath on Thursday said it would be damaging for India to start tightening policy support in the midst of the Covid-19 pandemic and also stressed on reducing wasteful expenditures in the upcoming Budget.

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ED initiates FEMA probe against Amazon

The probe is being conducted under various sections of the Foreign Exchange Management Act (FEMA) after the central probe agency recently received a communication from the commerce ministry seeking "necessary action" against e-commerce players like Amazon and Flipkart pertaining to certain multi-brand retail businesses and an observation made by the Delhi High Court in relation to Amazon.

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Investors lose over Rs 9.56L cr as markets fall for 5th day

Domestic investors' wealth witnessed an erosion of Rs 9,56,597.82 crore as markets recorded their fifth straight session of decline.The 30-share BSE benchmark tanked 535.57 points or 1.13 per cent to close at 46,874.36 on Thursday.

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Int'l flight suspension extended till Feb 28

Scheduled international passenger services have been suspended in India since March 23 due to the coronavirus pandemic. But special international flights have been operating under the Vande Bharat Mission since May and under bilateral "air bubble" arrangements with selected countries since July.

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US economy contracts at sharpest pace since 1946

The US economy contracted at its sharpest pace since World War II in 2020 as Covid-19 ravaged services businesses like restaurants and airlines, throwing millions of Americans out of work and into poverty.

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India has capability to strengthen global supply chain: PM Modi at World Economic Forum

Prime Minister Narendra Modi on Thursday said that India has braved all difficulties in fight against coronavirus pandemic and has the capability to strengthen global supply chains. Addressing the World Economic Forum's Davos Dialogue via video conferencing, Modi said that India launched 'Aatmanirbhar Bharat Abhiyan' with the resolve of increasing the capacity of our economy.​

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Citroen C5 Aircross SUV production starts in India: Hyundai Tucson rival launch, expected price, features

The Citroen C5 Aircross SUV is expected to be launched in this quarter, most likely by the end of February. The SUV has been tested for more than 2.5 lakh kilometres in the Indian countryside.

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Renault Kiger makes global debut in India: Top facts about Sonet, Nexon, Vitara Brezza rivalling compact SUV

The Renault Kiger will go on to challenge numerous compact SUVs in a highly competitive space. These include the likes of Tata Nexon, Maruti Suzuki Vitara Brezza, Kia Sonet, Mahindra XUV300 among many.

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Sensex plunges 536 pts: Top reasons behind the fall

Equity indices fell for the fifth straight session on Thursday with the benchmark BSE sensex plunging over 500 points. The 30-share BSE index dived 536 points or 1.13 per cent to close at 46,874. Sensex lost 2,918 points in just five trading session.

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What Indian industries want from Union Budget 2021

Finance minister Nirmala Sitharaman is expected to unveil plans to boost economic growth when she presents the 2021/2022 Union Budget on February 1. Corporates and industry lobby groups expect the government to announce greater spending on healthcare and infrastructure, as well as tax breaks for the automotive, manufacturing and tourism industries, reeling from the coronavirus crisis.

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All-new Renault Kiger India Unveil LIVE: Expected price, features of Kia Sonet rival

All-new Renault Kiger India Unveil LIVE Updates | The Kiger shares its platform with the Renault Triber and will be positioned in the subcompact SUV segment, rivalling the likes of Hyundai Venue and Maruti Suzuki Vitara Brezza.

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Maruti Suzuki India quarterly profit rises on festive sales

Maruti Suzuki India Ltd on Thursday reported a rise in third-quarter profit, as more consumers bought vehicles during the festive season and customers returned to showrooms after lockdowns eased across the country.

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Union Budget 2021: Which are the stocks to watch

India’s annual budget will be unveiled on February 1, with expectations that the government will boost spending to reboot an economy that’s forecast to contract the most this year since 1952. Analysts believe that tax cuts, higher capital expenditure and greater spending on infrastructure, which tend to support low-income earners, hold the key to unlocking demand.

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How EPF discriminates against those who need it

For a vast number of the salaried, the employee provident fund (EPF) is the only social security net they have. But the EPF rules are such that they tend to discriminate against the young and vulnerable — those who have not yet worked for five years without a break. It took a pandemic to expose how this hurts the private-sector salaried workers most when they were hit hard.

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Honda begins export of Made-in-India City to left-hand-drive markets: Targets 3-fold rise in exports

Honda Cars India will be exporting India-made 5th Generation Honda City to over 12 Left Hand Drive countries in 2021. The company has begun export of initial batch to Middle East countries.

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Budget 2021: Centre plans higher levy on some goods to cut imports

India is considering a proposal to raise levies on a range of imported goods, with a view to boosting local manufacturing in line with the government’s focus on self-reliance, people with knowledge of the matter said.

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