North East

26 Jan

Shaktikanta Das Calls For More Structural Reforms To Revive Growth Ahead Of Budget

nebm0 CommentsNorth East

With just a week left for the budget, Reserve Bank of India Governor Shaktikanta Das on Friday called for structural reforms and more fiscal measures to revive consumption demand and the overall growth, saying monetary policy has its own limitations to achieve these objectives.Prime Minister Narendra Modi government in its second term will present the first full year budget next Saturday, at a time when the advance estimate of GDP has projected nominal growth plunging to a 48-year-low of 7.5 per cent and real growth hitting an 11-year low of 5 per cent or thereabout."Monetary policy has its own limits.…

26 Jan

Government Likely To Raise Import Duties On More Than 50 Items: Report

nebm0 CommentsNorth East

Government plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 billion worth of imports from China and elsewhere, officials and industry sources said. Finance Minister Nirmala Sitharaman could make the announcement when she presents her annual budget for 2020/21 on February 1, along with other stimulus measures to revive sagging economic growth, one of the government officials said. Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, lamps, wooden furniture, candles, jewellery and handicraft items, two government sources with direct knowledge of the…

26 Jan

Government Faces First Fall In Direct Taxes In At Least Two Decades

nebm0 CommentsNorth East

India's corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, over half a dozen senior tax officials told Reuters, amid a sharp fall in economic growth and cut in corporate tax rates.Prime Minister Narendra Modi's government was targetting direct tax collection of Rs 13.5 lakh crore for the year ending March 31 - a 17 per cent increase over the prior fiscal year.However, a sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections and prompting the government to forecast…

25 Jan

BML Munjal University announces two new specializations for MBA courses

nebm0 CommentsNorth East

BML Munjal University (BMU), the Hero Group’s not-for-profit university, today announced the launch of specializations for MBA courses – Artificial Intelligence and Data Engineering & Operations and Supply Chain. The students will have the option to choose an area of specialization in the second semester. The specializations are aimed at making students ready for future technologies and the dynamic business and industrial environment. In addition, the University is accepting applications for the MBA Program for 2020- 22 batches. The applicants will have to fill in the online common application form available at www.bmu.edu.in/apply-page/, by January 30, 2020. The two new…

22 Jan

Airbus to showcase world-class technology at DefExpo

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Airbus will showcase its best-in-class military products and cutting-edge defence technologies at the DefExpo airshow between February 5and 8, 2020, in Lucknow, Uttar Pradesh, India. Airbus’ exhibits at the show will demonstrate its capabilities and commitmentto kick-start a defence industrial base in the country. Airbus will exhibit at Stand S46, Hall 07. Visitors to the stand will find scale models of the highly versatile C295 aircraft which is proven around the world as a tough, reliable and high-performance workhorse with outstanding lifecycle costs and excellent performance on short or unpaved runways. Airbus has bid to manufacture the C295 in India together…

21 Jan

Kotak Mahindra Bank Announces Q3 FY19-20 Results

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The Board of Directors of Kotak Mahindra Bank (‘Kotak Bank’) took on record the unaudited standalone and consolidated results for Q3FY20, at the Board meeting held in Mumbai, today. Bank’s PAT for Q3FY20 increased to Rs.1,596 cr from Rs.1,291 cr in Q3FY19 up 24%. During this quarter, employee cost includes non-recurring charge towards pension obligation of ~ Rs.200 cr mainly due to change in annuity rate, DA, etc. Net Interest Income (NII) for Q3FY20 increased to Rs.3,430 cr from Rs.2,926 cr in Q3FY19, up by 17%. Net Interest Margin (NIM) for Q3FY20 at 4.69% up from 4.31% in Q3FY19. CASA…

20 Jan

Paytm empowers over 2 million merchants in Eastern India with its All-in-One QR

nebm0 CommentsNorth East

India's largest payments platform Paytm (owned by One97 Communications Limited) has today announced that it will be onboarding 2 million merchants in the next 12 months from the eastern region including West Bengal, Assam, Jharkhand and Orissa. The recent launch of All-in-One QR for merchants across the country has already enabled over 2 million merchants in this Eastern India to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI based payment apps directly into their bank account at 0% fee. The platform offers a single reconciliation of all payments through its 'Paytm for Business' app. The company further plans…

19 Jan

15 million babies are born preterm: WHO

nebm0 CommentsNorth East

Much more than in the past, the number of pre-term babies is on the rise lately. WHO reveals that an estimated 15 million babies are born preterm. Dr. Sumita Saha, Consultant Paediatrician and NICU in-charge at Fortis Hospital Anandapur said, a baby is called as premature if he/she is born before 37 weeks of gestation period as against a normal term of 40 weeks. However, those born between 32-37 weeks generally do not need much support. Those born below 32 weeks are the ones who need a good amount of intensive care support. However, if born over 24 weeks, the…

19 Jan

FEHI performs India’s 1st Coronary Shockwave Lithotripsy

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Fortis Escorts Heart Institute (FEHI), New Delhi performed India's First Coronary Shockwave Lithotripsy to open up a severely blocked artery in a 67 year-old patient who had recently had a heart attack. It was done by a team of doctors led by Dr Ashok Seth, Chairman, FEHI, New Delhi. The patient had 90 percent blocked artery which could not be opened by the standard technique balloon angioplasty at extremely high pressures with balloon bursting and it became impossible to open the blockage. Then the novel shockwave balloon was inserted inside the heart artery and sonic pulses delivered to break the…