CATEGORIES

Strategy for GST reforms: Direction and speed

The argument that the tax system has settled and therefore no longer needs reforms is fallacious

Toxic work culture is upwardly mobile

A sewer is the world's least desired workplace. Yet blocked sewers and septic tanks make up the daily place of work for over 700,000 Indians known as manual scavengers, a profession that is officially supposed to be banned in India. A minuscule proportion of such workers get to use the giant cleaning machines that their counterparts in the West can depend on to do their work every day. In the past five years, over 300 Indians, overwhelmingly from among the lowest castes and backward communities, died by drowning or asphyxiation in the line of duty.

Airbus says deliveries fell 9% in September

Airbus deliveries fell 9 per cent in September to 50 aircraft, compared with the same month last year, the European planemaker said on Wednesday.

Amazon targets faster deliveries with new tech

Amazon, in its quest for greater efficiency, has developed new systems to shave seconds off each package delivery and to help customers make faster buying choices, even for new product types that they may know little about.

Boeing revokes pay offer as strike drags on

Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.

Netanyahu speaks to Biden as Israel's Iran retaliation looms

Israeli Prime Minister Benjamin Netanyahu's office said he spoke with US President Joe Biden for the first time in more than a month as Washington looks to temper Israel's retaliation for last week's missile attack from Iran.

Google faces breakup in historic antitrust case

Firm says it would have significant consequences for consumers, businesses

Soon, pay up to ₹1K without entering PIN on UPI Lite

The Reserve Bank of India (RBI) on Wednesday enhanced transaction limits for UPI123Pay and UPI Lite to encourage wider adoption of these UPI products.

BUYERS' BET Consumer confidence improves in RBI's September survey

Consumer confidence improved in the September 2024 Survey round compared to the previous round in July due to better perceptions about the general economic, employment, and income conditions, according to the Reserve Bank of India's (RBI) forward looking survey.

Hopes dashed but prudent approach, say realtors

Even as the realtors' hopes for a repo rate cut ahead of the festive season were dashed after the Reserve Bank of India (RBI) kept it unchanged at 6.5 per cent for the 10th consecutive time on Wednesday, real estate industry experts say that the decision represents a \"prudent approach\" expected to boost stability in the sector.

RBI opens door for rate cut, finally

If we see higher inflation in Sep-Oct and 7% GDP growth in Sep qtr, will the RBI go for a rate cut in Dec? Or, will that be pushed to Feb?

Micro, small enterprises not to face pre-pay fines

The Reserve Bank of India (RBI) on Wednesday said that banks and non-banking financial companies cannot levy foreclosure charges or pre-payment penalties on floating rate term loans sanctioned to Micro and Small Enterprises (MSEs).

New capital instrument norms for UCBs on anvil

The norms for new capital-raising instruments, such as issuance of shares at a premium for urban cooperative banks (UCBs), are expected to provide flexibility in raising resources and support growth of the sector.

'Confident inflation will moderate in Q3... but risks remain'

Reserve Bank of India (RBI) Governor SHAKTIKANTA DAS, along with Deputy Governors MICHAEL PATRA, M RAJESHWAR RAO, SWAMINATHAN J and T RABI SANKAR, responds to a range of questions during a post-policy media interaction. Edited excerpts:

MPC holding out, but not for long

Ahead of the October meeting of the Monetary Policy Committee (MPC), uncertainty ran high on a potential change in rates, policy stance, and economic forecasts, and for good reason.

Over 82% of rural youth able to use internet, says govt survey

Over 82 per cent of youth in rural areas between 15 and 25 years of age can use the internet while the figure is nearly 92 per cent in urban cities, showed a government survey.

After Assembly poll results, battle shifts to Maharashtra

BJP to work for bigger mandate in state: Modi; Cong to study Haryana outcome

Atishi forced to vacate Delhi CM's residence, claims CMO

Delhi chief minister's residence at 6, Flagstaff Road in Civil Lines was forcibly vacated at the behest of the BJP as Lt Governor V K Saxena wants to allot it to a saffron party leader, the CMO alleged in a statement on Wednesday.

Better access to water, sanitation but only 63% use clean fuel: Mospi

Recent findings from the Comprehensive Annual Modular Survey, released by the National Statistical Office (NSO) on Wednesday, reveal that 97.8 per cent of households have toilet facilities and 95.7 per cent have access to improved sources of drinking water. However, only 63.4 per cent of households use clean fuel for cooking.

Cyberattack probe underway: Star Health

Star Health and Allied Insurance (Star Health) on Wednesday said that a thorough and rigorous forensic investigation led by independent cybersecurity experts is underway into the cyberattack it had been subject to.

Rural indebtedness up, income, spend rise too

Share of food as part of rural consumption falls by 7.84%

Early dip in stubble fires offers brief relief, but pollution threat looms

Delhi's brief reprieve from pollution, a welcome breath of fresh air during the monsoon months, might just linger a little longer. As the first gusts of the stubble-burning season sweep in, the skies are showing a promising change - incidents of crop residue burning have plummeted by nearly 65 per cent.

WB's Gill: India's rise as high-income developed nation 'not guaranteed'

Underscoring the threat of a middle-income trap, World Bank Chief Economist Indermit Gill has said that India's rise as a high-income developed country is \"not guaranteed\" unless it takes specific measures, including giving more economic freedom and improving quality of education.

CBAM arbitrary, can hurt industry: FM

EU's deforestation rules could disrupt India's supply chains, says Sitharaman

Govt may send notices to e-com, qcom players on expiry date norms

The Central Consumer Protection Authority (CCPA) has tightened scrutiny on quick commerce and ecommerce players on issues of flouting the rules of selling products close to the expiry date.

‘Lot of innovation in the pipeline for cheese JV’

Two years after announcing its joint venture (JV), Britannia Industries and Bel Group on Wednesday inaugurated their first cheese factory in Ranjangaon, Maharashtra, with an investment of ₹220 crore. VARUN BERRY, executive vice-chairman and managing director of Britannia Industries, and CÉCILE BÉLIOT, chief executive officer of Bel Group, discuss capturing a larger share of the cheese market in India in an exclusive telephonic interview with Sharleen D'Souza. Edited excerpts:

India's e2W penetration lags in EV race

India may be the second-largest market for electric two-wheelers (e2Ws) globally, having sold 0.9 million vehicles in the calendar year (CY) 2023. However, the situation differs when it comes to e2W penetration.

A-I, Vistara in churn over pilot career progression plan

Vistara pilots claim A-I colleagues leapfrogging them in promotion

Physics Wallah looks for ibankers for IPO in 2025

The two founders of edtech company Physics Wallah are in talks with investment bankers after closing a funding round of $210 million as they prepare for an initial public offering (IPO), sources told Business Standard.

Top energy, commodity, infra companies see senior executive exits

During the last one month, at least six senior executives working at top companies in the energy, commodity and capital goods spaces have tendered their resignations, show disclosures.