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IndiaTV Business: Google News Feed: Digest for August 05, 2023

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RBI likely to maintain status quo on interest rates: Experts

Wednesday 02 August 2023 01:32 PM UTC+00
With inflation inching up, experts feel that the Reserve Bank of India is likely to maintain the status quo on key interest rates. The six-member Monetary Policy Committee, headed by RBI Governor Shaktikanta Das, will hold the meeting from August 8 to 10. Prof N R Bhanumurthy, Vice Chancellor, Dr B.R. Ambedkar School of Economics University, Bengaluru told PTI, "Though the consumer inflation is inching up mostly fuelled by food inflation, the demand for credit remains healthy … I do not think the RBI will spoil the party. It will probably go in for a status quo on interest rates."
In an attempt to pending disputes relating to government contracts, the Union finance ministry launched the "Vivad se Vishwas" scheme on Wednesday. Under this scheme, the contractors will have time till October 31 to submit their claims.
Union Finance Minister Nirmala Sitharaman on Wednesday said that a 28 per cent tax on online gaming will come into effect from October 1, 2023. She said that the decision to levy the stipulated tax on the full face value of bets placed on online games will be implemented from October 1 despite calls from states like Goa and Delhi. 
Amid the ongoing monsoon session, the Parliament on Wednesday passed the Jan Vishwas (Amendment of Provisions) Bill, 2023 in order to promote ease of doing business. The bill seeks to promote ease of doing business by decriminalising minor offences through amendments in 183 provisions of 42 Acts. On Wednesday, the bill was passed by Rajya Sabha by a voice vote. It was cleared by the Lok Sabha on July 27. 
The Enforcement Directorate (ED) seized cash and jewellery worth Rs 25 crore along with several 'incriminating' documents after conducting raids at the business and residential premises of executive chairperson Pawan Kant Munjal and some others on Tuesday, officials said. The 69-year-old billionaire businessman's premises were raided in Delhi and neighbouring Gurugram apart from that of some other entities as part of a money laundering investigation against them. It did not elaborate on the exact amount of seizure made from each of those raids.
Ambuja Cement on Thursday morning announced the acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore. According to the press release, Ambuja Cement (which is part of Adani Group) will buy 56.74 per cent stake in Sanghi Industries Ltd (SIL) from its existing promoter group - Ravi Sanghi & family. According to a statement from Ambuja Cement, the acquisition will be fully funded through internal accruals. 
The government has imposed restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers and servers on Thursday. The import restrictions on the products have been imposed with immediate effect. In a notification, the Directorate General of Foreign Trade informed that the exemption from import licensing is provided for up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return, product development purposes.
Fitch Ratings is in the news after the American credit rating agency downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a "steady deterioration in standards of governance" over the past two decades. It's only the second time in US history that its credit rating has been cut. The rating was cut Tuesday one notch to AA+ from AAA, the highest possible rating. The new rating is still well into investment grade. Let's understand the Fitch ratings and how they affect a nation's economy.
At a time when countries like America and China are facing the crisis of economic recession, the world's trust in India (Indian Economy) seems to be increasing. An indication of this has come from the latest report of the world's famous brokerage firm Morgan Stanley. Morgan Stanley has on Wednesday updated India's rating to 'overweight'.
Following the passage of the Jan Vishwas (Amendment of Provisions) Bill, 2023 in the parliament, the Central government has decided to help states in simplification, rationalisation or decriminalisation of provisions with a view to promoting ease of doing business and living in the country.
In an attempt to pending disputes relating to government contracts, the Union finance ministry launched the "Vivad se Vishwas" scheme on Wednesday. Under this scheme, the contractors will have time till October 31 to submit their claims.
Union Finance Minister Nirmala Sitharaman on Wednesday said that a 28 per cent tax on online gaming will come into effect from October 1, 2023. She said that the decision to levy the stipulated tax on the full face value of bets placed on online games will be implemented from October 1 despite calls from states like Goa and Delhi. 
Amid the ongoing monsoon session, the Parliament on Wednesday passed the Jan Vishwas (Amendment of Provisions) Bill, 2023 in order to promote ease of doing business. The bill seeks to promote ease of doing business by decriminalising minor offences through amendments in 183 provisions of 42 Acts. On Wednesday, the bill was passed by Rajya Sabha by a voice vote. It was cleared by the Lok Sabha on July 27. 
The Enforcement Directorate (ED) seized cash and jewellery worth Rs 25 crore along with several 'incriminating' documents after conducting raids at the business and residential premises of executive chairperson Pawan Kant Munjal and some others on Tuesday, officials said. The 69-year-old billionaire businessman's premises were raided in Delhi and neighbouring Gurugram apart from that of some other entities as part of a money laundering investigation against them. It did not elaborate on the exact amount of seizure made from each of those raids.
Ambuja Cement on Thursday morning announced the acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore. According to the press release, Ambuja Cement (which is part of Adani Group) will buy 56.74 per cent stake in Sanghi Industries Ltd (SIL) from its existing promoter group - Ravi Sanghi & family. According to a statement from Ambuja Cement, the acquisition will be fully funded through internal accruals. 
The government has imposed restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers and servers on Thursday. The import restrictions on the products have been imposed with immediate effect. In a notification, the Directorate General of Foreign Trade informed that the exemption from import licensing is provided for up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return, product development purposes.
Fitch Ratings is in the news after the American credit rating agency downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a "steady deterioration in standards of governance" over the past two decades. It's only the second time in US history that its credit rating has been cut. The rating was cut Tuesday one notch to AA+ from AAA, the highest possible rating. The new rating is still well into investment grade. Let's understand the Fitch ratings and how they affect a nation's economy.
At a time when countries like America and China are facing the crisis of economic recession, the world's trust in India (Indian Economy) seems to be increasing. An indication of this has come from the latest report of the world's famous brokerage firm Morgan Stanley. Morgan Stanley has on Wednesday updated India's rating to 'overweight'.
Following the passage of the Jan Vishwas (Amendment of Provisions) Bill, 2023 in the parliament, the Central government has decided to help states in simplification, rationalisation or decriminalisation of provisions with a view to promoting ease of doing business and living in the country.
Sensex climbed 300.1 points to 65,540.78 in early trade; Nifty advanced 105.9 points to 19,487.55 on Friday (August 4).
In an attempt to pending disputes relating to government contracts, the Union finance ministry launched the "Vivad se Vishwas" scheme on Wednesday. Under this scheme, the contractors will have time till October 31 to submit their claims.
Union Finance Minister Nirmala Sitharaman on Wednesday said that a 28 per cent tax on online gaming will come into effect from October 1, 2023. She said that the decision to levy the stipulated tax on the full face value of bets placed on online games will be implemented from October 1 despite calls from states like Goa and Delhi. 
Amid the ongoing monsoon session, the Parliament on Wednesday passed the Jan Vishwas (Amendment of Provisions) Bill, 2023 in order to promote ease of doing business. The bill seeks to promote ease of doing business by decriminalising minor offences through amendments in 183 provisions of 42 Acts. On Wednesday, the bill was passed by Rajya Sabha by a voice vote. It was cleared by the Lok Sabha on July 27. 
The Enforcement Directorate (ED) seized cash and jewellery worth Rs 25 crore along with several 'incriminating' documents after conducting raids at the business and residential premises of executive chairperson Pawan Kant Munjal and some others on Tuesday, officials said. The 69-year-old billionaire businessman's premises were raided in Delhi and neighbouring Gurugram apart from that of some other entities as part of a money laundering investigation against them. It did not elaborate on the exact amount of seizure made from each of those raids.
Ambuja Cement on Thursday morning announced the acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore. According to the press release, Ambuja Cement (which is part of Adani Group) will buy 56.74 per cent stake in Sanghi Industries Ltd (SIL) from its existing promoter group - Ravi Sanghi & family. According to a statement from Ambuja Cement, the acquisition will be fully funded through internal accruals. 
The government has imposed restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers and servers on Thursday. The import restrictions on the products have been imposed with immediate effect. In a notification, the Directorate General of Foreign Trade informed that the exemption from import licensing is provided for up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return, product development purposes.
Fitch Ratings is in the news after the American credit rating agency downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a "steady deterioration in standards of governance" over the past two decades. It's only the second time in US history that its credit rating has been cut. The rating was cut Tuesday one notch to AA+ from AAA, the highest possible rating. The new rating is still well into investment grade. Let's understand the Fitch ratings and how they affect a nation's economy.
At a time when countries like America and China are facing the crisis of economic recession, the world's trust in India (Indian Economy) seems to be increasing. An indication of this has come from the latest report of the world's famous brokerage firm Morgan Stanley. Morgan Stanley has on Wednesday updated India's rating to 'overweight'.
Following the passage of the Jan Vishwas (Amendment of Provisions) Bill, 2023 in the parliament, the Central government has decided to help states in simplification, rationalisation or decriminalisation of provisions with a view to promoting ease of doing business and living in the country.
Equity benchmark indices rebounded in early trade on Friday (August 4) after three days of fall amid buying in IT counters and mixed global market trends.
In an attempt to pending disputes relating to government contracts, the Union finance ministry launched the "Vivad se Vishwas" scheme on Wednesday. Under this scheme, the contractors will have time till October 31 to submit their claims.
Union Finance Minister Nirmala Sitharaman on Wednesday said that a 28 per cent tax on online gaming will come into effect from October 1, 2023. She said that the decision to levy the stipulated tax on the full face value of bets placed on online games will be implemented from October 1 despite calls from states like Goa and Delhi. 
Amid the ongoing monsoon session, the Parliament on Wednesday passed the Jan Vishwas (Amendment of Provisions) Bill, 2023 in order to promote ease of doing business. The bill seeks to promote ease of doing business by decriminalising minor offences through amendments in 183 provisions of 42 Acts. On Wednesday, the bill was passed by Rajya Sabha by a voice vote. It was cleared by the Lok Sabha on July 27. 
The Enforcement Directorate (ED) seized cash and jewellery worth Rs 25 crore along with several 'incriminating' documents after conducting raids at the business and residential premises of executive chairperson Pawan Kant Munjal and some others on Tuesday, officials said. The 69-year-old billionaire businessman's premises were raided in Delhi and neighbouring Gurugram apart from that of some other entities as part of a money laundering investigation against them. It did not elaborate on the exact amount of seizure made from each of those raids.
Ambuja Cement on Thursday morning announced the acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore. According to the press release, Ambuja Cement (which is part of Adani Group) will buy 56.74 per cent stake in Sanghi Industries Ltd (SIL) from its existing promoter group - Ravi Sanghi & family. According to a statement from Ambuja Cement, the acquisition will be fully funded through internal accruals. 
The government has imposed restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers and servers on Thursday. The import restrictions on the products have been imposed with immediate effect. In a notification, the Directorate General of Foreign Trade informed that the exemption from import licensing is provided for up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return, product development purposes.
Fitch Ratings is in the news after the American credit rating agency downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a "steady deterioration in standards of governance" over the past two decades. It's only the second time in US history that its credit rating has been cut. The rating was cut Tuesday one notch to AA+ from AAA, the highest possible rating. The new rating is still well into investment grade. Let's understand the Fitch ratings and how they affect a nation's economy.
At a time when countries like America and China are facing the crisis of economic recession, the world's trust in India (Indian Economy) seems to be increasing. An indication of this has come from the latest report of the world's famous brokerage firm Morgan Stanley. Morgan Stanley has on Wednesday updated India's rating to 'overweight'.
Following the passage of the Jan Vishwas (Amendment of Provisions) Bill, 2023 in the parliament, the Central government has decided to help states in simplification, rationalisation or decriminalisation of provisions with a view to promoting ease of doing business and living in the country.
Equity benchmark indices rebounded in early trade on Friday (August 4) after three days of fall amid buying in IT counters and mixed global market trends.
In an attempt to pending disputes relating to government contracts, the Union finance ministry launched the "Vivad se Vishwas" scheme on Wednesday. Under this scheme, the contractors will have time till October 31 to submit their claims.
Union Finance Minister Nirmala Sitharaman on Wednesday said that a 28 per cent tax on online gaming will come into effect from October 1, 2023. She said that the decision to levy the stipulated tax on the full face value of bets placed on online games will be implemented from October 1 despite calls from states like Goa and Delhi. 
Amid the ongoing monsoon session, the Parliament on Wednesday passed the Jan Vishwas (Amendment of Provisions) Bill, 2023 in order to promote ease of doing business. The bill seeks to promote ease of doing business by decriminalising minor offences through amendments in 183 provisions of 42 Acts. On Wednesday, the bill was passed by Rajya Sabha by a voice vote. It was cleared by the Lok Sabha on July 27. 
The Enforcement Directorate (ED) seized cash and jewellery worth Rs 25 crore along with several 'incriminating' documents after conducting raids at the business and residential premises of executive chairperson Pawan Kant Munjal and some others on Tuesday, officials said. The 69-year-old billionaire businessman's premises were raided in Delhi and neighbouring Gurugram apart from that of some other entities as part of a money laundering investigation against them. It did not elaborate on the exact amount of seizure made from each of those raids.
Ambuja Cement on Thursday morning announced the acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore. According to the press release, Ambuja Cement (which is part of Adani Group) will buy 56.74 per cent stake in Sanghi Industries Ltd (SIL) from its existing promoter group - Ravi Sanghi & family. According to a statement from Ambuja Cement, the acquisition will be fully funded through internal accruals. 
The government has imposed restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers and servers on Thursday. The import restrictions on the products have been imposed with immediate effect. In a notification, the Directorate General of Foreign Trade informed that the exemption from import licensing is provided for up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return, product development purposes.
Fitch Ratings is in the news after the American credit rating agency downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a "steady deterioration in standards of governance" over the past two decades. It's only the second time in US history that its credit rating has been cut. The rating was cut Tuesday one notch to AA+ from AAA, the highest possible rating. The new rating is still well into investment grade. Let's understand the Fitch ratings and how they affect a nation's economy.
At a time when countries like America and China are facing the crisis of economic recession, the world's trust in India (Indian Economy) seems to be increasing. An indication of this has come from the latest report of the world's famous brokerage firm Morgan Stanley. Morgan Stanley has on Wednesday updated India's rating to 'overweight'.
Following the passage of the Jan Vishwas (Amendment of Provisions) Bill, 2023 in the parliament, the Central government has decided to help states in simplification, rationalisation or decriminalisation of provisions with a view to promoting ease of doing business and living in the country.
Equity benchmark indices rebounded in early trade on Friday (August 4) after three days of fall amid buying in IT counters and mixed global market trends.
In an attempt to pending disputes relating to government contracts, the Union finance ministry launched the "Vivad se Vishwas" scheme on Wednesday. Under this scheme, the contractors will have time till October 31 to submit their claims.
Union Finance Minister Nirmala Sitharaman on Wednesday said that a 28 per cent tax on online gaming will come into effect from October 1, 2023. She said that the decision to levy the stipulated tax on the full face value of bets placed on online games will be implemented from October 1 despite calls from states like Goa and Delhi. 
Amid the ongoing monsoon session, the Parliament on Wednesday passed the Jan Vishwas (Amendment of Provisions) Bill, 2023 in order to promote ease of doing business. The bill seeks to promote ease of doing business by decriminalising minor offences through amendments in 183 provisions of 42 Acts. On Wednesday, the bill was passed by Rajya Sabha by a voice vote. It was cleared by the Lok Sabha on July 27. 
The Enforcement Directorate (ED) seized cash and jewellery worth Rs 25 crore along with several 'incriminating' documents after conducting raids at the business and residential premises of executive chairperson Pawan Kant Munjal and some others on Tuesday, officials said. The 69-year-old billionaire businessman's premises were raided in Delhi and neighbouring Gurugram apart from that of some other entities as part of a money laundering investigation against them. It did not elaborate on the exact amount of seizure made from each of those raids.
Ambuja Cement on Thursday morning announced the acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore. According to the press release, Ambuja Cement (which is part of Adani Group) will buy 56.74 per cent stake in Sanghi Industries Ltd (SIL) from its existing promoter group - Ravi Sanghi & family. According to a statement from Ambuja Cement, the acquisition will be fully funded through internal accruals. 
The government has imposed restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers and servers on Thursday. The import restrictions on the products have been imposed with immediate effect. In a notification, the Directorate General of Foreign Trade informed that the exemption from import licensing is provided for up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return, product development purposes.
Fitch Ratings is in the news after the American credit rating agency downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a "steady deterioration in standards of governance" over the past two decades. It's only the second time in US history that its credit rating has been cut. The rating was cut Tuesday one notch to AA+ from AAA, the highest possible rating. The new rating is still well into investment grade. Let's understand the Fitch ratings and how they affect a nation's economy.
At a time when countries like America and China are facing the crisis of economic recession, the world's trust in India (Indian Economy) seems to be increasing. An indication of this has come from the latest report of the world's famous brokerage firm Morgan Stanley. Morgan Stanley has on Wednesday updated India's rating to 'overweight'.
Following the passage of the Jan Vishwas (Amendment of Provisions) Bill, 2023 in the parliament, the Central government has decided to help states in simplification, rationalisation or decriminalisation of provisions with a view to promoting ease of doing business and living in the country.
Equity benchmark indices rebounded in early trade on Friday (August 4) after three days of fall amid buying in IT counters and mixed global market trends.
In an attempt to pending disputes relating to government contracts, the Union finance ministry launched the "Vivad se Vishwas" scheme on Wednesday. Under this scheme, the contractors will have time till October 31 to submit their claims.
Union Finance Minister Nirmala Sitharaman on Wednesday said that a 28 per cent tax on online gaming will come into effect from October 1, 2023. She said that the decision to levy the stipulated tax on the full face value of bets placed on online games will be implemented from October 1 despite calls from states like Goa and Delhi. 
Amid the ongoing monsoon session, the Parliament on Wednesday passed the Jan Vishwas (Amendment of Provisions) Bill, 2023 in order to promote ease of doing business. The bill seeks to promote ease of doing business by decriminalising minor offences through amendments in 183 provisions of 42 Acts. On Wednesday, the bill was passed by Rajya Sabha by a voice vote. It was cleared by the Lok Sabha on July 27. 
The Enforcement Directorate (ED) seized cash and jewellery worth Rs 25 crore along with several 'incriminating' documents after conducting raids at the business and residential premises of executive chairperson Pawan Kant Munjal and some others on Tuesday, officials said. The 69-year-old billionaire businessman's premises were raided in Delhi and neighbouring Gurugram apart from that of some other entities as part of a money laundering investigation against them. It did not elaborate on the exact amount of seizure made from each of those raids.
Ambuja Cement on Thursday morning announced the acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore. According to the press release, Ambuja Cement (which is part of Adani Group) will buy 56.74 per cent stake in Sanghi Industries Ltd (SIL) from its existing promoter group - Ravi Sanghi & family. According to a statement from Ambuja Cement, the acquisition will be fully funded through internal accruals. 
The government has imposed restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers and servers on Thursday. The import restrictions on the products have been imposed with immediate effect. In a notification, the Directorate General of Foreign Trade informed that the exemption from import licensing is provided for up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return, product development purposes.
Fitch Ratings is in the news after the American credit rating agency downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a "steady deterioration in standards of governance" over the past two decades. It's only the second time in US history that its credit rating has been cut. The rating was cut Tuesday one notch to AA+ from AAA, the highest possible rating. The new rating is still well into investment grade. Let's understand the Fitch ratings and how they affect a nation's economy.
At a time when countries like America and China are facing the crisis of economic recession, the world's trust in India (Indian Economy) seems to be increasing. An indication of this has come from the latest report of the world's famous brokerage firm Morgan Stanley. Morgan Stanley has on Wednesday updated India's rating to 'overweight'.
Following the passage of the Jan Vishwas (Amendment of Provisions) Bill, 2023 in the parliament, the Central government has decided to help states in simplification, rationalisation or decriminalisation of provisions with a view to promoting ease of doing business and living in the country.
Equity benchmark indices rebounded in early trade on Friday (August 4) after three days of fall amid buying in IT counters and mixed global market trends.
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