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Showing posts from December, 2020

Cabinet decisions: Sops for grain-based ethanol, nod to clutch of infra projects

The interest subvention would be available for setting up new as well as an expansion of existing molasses or grain-based distilleries and for units that will produce ethanol from other feedstocks such as sugar beet, sweet sorghum and cereals. from The Financial Express https://ift.tt/3pFhGky https://ift.tt/eA8V8J FE Bureau
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An outro for 2020—The varying notes: A look at the big things economic in the year gone by, drawing from music

‘Top of the charts’ is the Delhi rondo, with farmers gathered to protest against the farm Bills. Everyone is arguing with everyone else on this issue, and a fairly pragmatic policy put up by the government has now been opposed by nearly everyone. from The Financial Express https://ift.tt/38Seb3P https://ift.tt/eA8V8J Madan Sabnavis
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Oh no, not again — another history lesson: Follow a systematic process for hedging your risk

Since 2014, the periods of strength have been shorter (354 days, on average) as compared to the period between 2006 and 2014 (502 days); correspondingly, the periods of weakness have been longer—the average since 2014 was 451 days, as compared with 364 days earlier. from The Financial Express https://ift.tt/380UyqZ https://ift.tt/eA8V8J Jamal Mecklai
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A vote for democracy: Allowing remote voting for migrants a good idea

The ‘dynamic ballot’ EVM would be a sea-change from migrants getting disenfranchised by economic compulsions—travelling back home, incurring spending and loss of income and, potentially, even employment often forces them to give up their franchise—with each such machines allowing the voters of multiple constituencies. from The Financial Express https://ift.tt/3aSkaIv https://ift.tt/eA8V8J The Financial Express
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PSU value stocks: Buy these 4 shares; govt firms stare at earnings recovery, likely re-rating

Brokerage and research firm JM Financial, in a recent report, said that their analysis has highlighted a disconnect between PSU valuations and operational performance both vis-à-vis historical averages and the broader market. from The Financial Express https://ift.tt/38AMtYU https://ift.tt/eA8V8J Kshitij Bhargava
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Modi flags off 100th Kisan Rail

“Recent reforms will lead to expansion of agri business and these groups will be the biggest beneficiaries. Private investment in agriculture will support the government's effort to help these groups,” Modi said. from The Financial Express https://ift.tt/34QuSLv https://ift.tt/eA8V8J FE Bureau
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No takers for 18-GW solar power projects

SECI being the national aggregator of renewable energy, signs power purchase agreements (PPAs) with the winning developers in competitive auctions, and subsequently inks PSAs with states to supply electricity from these plants. from The Financial Express https://ift.tt/38FpnAv https://ift.tt/eA8V8J Anupam Chatterjee
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What is driving Asia’s technological rise?

Asia’s rapid emergence as a global technological leader over the last decade is a testament to the power of collaboration. And yet, in much of the world, the tide is turning towards isolationism and protectionism—a trend that will sap potential in many cutting-edge sectors from The Financial Express https://ift.tt/3rvDrVZ https://ift.tt/eA8V8J
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MSMEs, small dealers not to be affected by mandatory 1 pc cash GST payment rule

After unearthing rampant use of fake invoices to evade goods and services tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) had last week amended rules to make it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their GST liability in cash. from The Financial Express https://ift.tt/2KDULr9 https://ift.tt/eA8V8J anamika sinha
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Watch out for cold wave and avoid alcohol: IMD issues advisory ahead of New Year

With the projection of mercury dipping even further in the northern parts of India, the India Meteorological Department (IMD) has asked people living in six northern states including Delhi, Punjab, Haryana, Uttar Pradesh and Rajasthan to watch out for cold wave and avoid consuming alcohol. from The Financial Express https://ift.tt/2WLHuiy https://ift.tt/eA8V8J FE Online
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Study sheds light on critical windows in pregnancy for COVID-19 vaccination

Scientists have found evidence of lower than expected transfer of protective antibodies against the novel coronavirus via the placenta from mothers who are infected in the third trimester, findings that shed light on critical windows in pregnancy that may be most desirable for vaccination. from The Financial Express https://ift.tt/3pvtxBX https://ift.tt/eA8V8J anamika sinha
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Confronting reality: With tractors at Delhi borders, Narendra Modi is beginning to look weak

The farmers have shown him that this kind of contempt for the people is not something that even the most powerful political leaders can get away with. Modi has been forced finally to step out of his echo chamber into the real world. from The Financial Express https://ift.tt/3aLF7Vw https://ift.tt/eA8V8J Tavleen Singh
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Despite corona vaccine, 2021 brings little hope for shopping malls

However, mall owners, many of whom have extended slab-wise discounts till March, say that rents are already down by as much as 25% in some places and rentals as well as footfalls would now be determined only after government rolls out the immunisation programme to check the pandemic. from The Financial Express https://ift.tt/2KGxRzg https://ift.tt/eA8V8J Rishi Ranjan Kala, Asmita Dey
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Millennials and metros moving apart, thanks to WFH

Analysts say with companies looking to have 15-25% of employees working remotely, future homebuyers or even those living on rent will explore peripheral areas for a better lifestyle at lower costs. The trend is gaining more popularity with millennials, or essentially those in the age group of 25-40 years. from The Financial Express https://ift.tt/2JksViW https://ift.tt/eA8V8J Rishi Ranjan Kala
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Millennials and metros moving apart, thanks to WFH

Analysts say with companies looking to have 15-25% of employees working remotely, future homebuyers or even those living on rent will explore peripheral areas for a better lifestyle at lower costs. The trend is gaining more popularity with millennials, or essentially those in the age group of 25-40 years. from The Financial Express https://ift.tt/2JksViW https://ift.tt/eA8V8J Rishi Ranjan Kala
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Resolution soon? Agitating farmers to resume talks with Modi govt on Tuesday

Yadav, however, added: “We are flexible and will go with open mind." But when Yadav insisted the discussion with the government would be on “modalities of repeal” of the laws, not on whether laws be repealed, Darshan Pal of Punjab Krantikari Kisan Union said “these details could be avoided”. from The Financial Express https://ift.tt/3mMJPo1 https://ift.tt/eA8V8J FE Bureau
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Amended GST rules target frauds, will not impact the cash flow of small businesses: Sources

Earlier this week, the government notified that any business that supplies goods or services worth over Rs 50 lakh will have to pay at least 1% of the tax liability in cash instead of discharging their entire liability through the ITC. from The Financial Express https://ift.tt/37QAaIT https://ift.tt/eA8V8J FE Bureau
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Brexit trade pact raises chances of India-UK FTA

In fact, the Federation of Indian Export Organisations (FIEO) has now urged the government to sign a memorandum of understanding for an FTA with Britain when British Prime Minister Boris Johnson visits India next month, its president Sharad Kumar Saraf told FE. from The Financial Express https://ift.tt/37OOthh https://ift.tt/eA8V8J Banikinkar Pattanayak
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PM-speak: Farm laws to create Brand India in global agri markets

“We have given the best alternatives to farmers to sell their crops through these laws. What is wrong if farmers have so many options (to sell their produce)? Some are spreading the canard that the existing mandis will be closed. Have you heard of closure of any mandi in a any place?” he asked. from The Financial Express https://ift.tt/37Nez3X https://ift.tt/eA8V8J FE Bureau
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Newsmakers 2020

From unusual product launches to cloud kitchens taking off and recycled content on television, what the year looked like from The Financial Express https://ift.tt/3rCm5a2 https://ift.tt/eA8V8J BrandWagon
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Markets hit new highs

India is expected to receive its fair share of portfolio flows if global liquidity remains plentiful and central bankers around the world stay accommodative. from The Financial Express https://ift.tt/3aCVMdH https://ift.tt/eA8V8J FE Bureau
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Act East, court West: Trade agreements with the EU and US cannot be a substitute for close ties with our Eastern trade partners

Trade agreements with the EU and US cannot be a substitute for close ties with our Eastern trade partners. India should reconsider RCEP and strengthen ties with ASEAN even while negotiating FTAs with the US and the EU from The Financial Express https://ift.tt/3aE9vRB https://ift.tt/eA8V8J
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Coverage Cost: Survey shows many reluctant to pay for Covid-19 shot, govt must ensure access-barriers don’t scuttle coverage

The government—the states and the Centre together—needs to address concerns on the cost front, by assuring free shots while exhorting people who can afford to pay for it to voluntarily do so. from The Financial Express https://ift.tt/3pf80Nu https://ift.tt/eA8V8J The Financial Express
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Share Market LIVE: Sensex, Nifty may mount a comeback today; Antony Waste Handling IPO subscribed 1.98 times

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Dow Jones closed with gains on Monday but Asian peers were failing to mount a comeback with Shanghai Composite, Hang Seng, TOPIX, KOSPI, all trading with losses. from The Financial Express https://ift.tt/3ay9xuc https://ift.tt/eA8V8J FE Online
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Jammu and Kashmir DDC Election Results 2020 LIVE: Counting of votes for 280 seats to begin shortly

Jammu and Kashmir Local Body Election Result, J&K DDC Election Results 2020 LIVE: Among the 280 seats, 140 constituencies are in Jammu Division and 140 are in Kashmir Division. Nearly 2,200 candidates were in the fray for 280 seats. from The Financial Express https://ift.tt/3peWvpk https://ift.tt/eA8V8J FE Online
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Animal Farm: USFDA approves GM pigs for medical and dietary use, but should have been more transparent with the research findings

While the FDA has opened the doors for larger farm animals to be genetically modified, doing so without putting the research backing the safety of such technology in the public domain ends up fuelling people’s distrust of the system. from The Financial Express https://ift.tt/3pj2qKh https://ift.tt/eA8V8J The Financial Express
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Ancient Curse: For some people, a Neanderthal gene could be complicating Covid-19 in a radical way

The authors of the latest DPP4 study looked at the Neanderthal DPP4 gene in those who has severe Covid-19, and found that this was reported in a ‘higher frequency’ in the genomes of nearly 8,000 people who had been hospitalised with a severe manifestation. from The Financial Express https://ift.tt/2LU99Mi https://ift.tt/eA8V8J The Financial Express
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The mystery behind rising iron ore prices

In FY20, India’s iron exports rose 133% to 37.69 million tonnes versus FY19 levels. And over 80% of these exports went to China. In crux, India’s domestically produced iron ore was serving the needs of another market before catering to its own from The Financial Express https://ift.tt/38r1qwE https://ift.tt/eA8V8J
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Across The Aisle: May your children forgive us

Demonetisation, the slowdown of the economy over 8 quarters (2018-19 and 2019-20), the pandemic, the loss of jobs, homes and livelihoods, the migration of millions and the recession (Q1 and Q2 of 2020-21) have greatly impacted the nutritional status of our children. from The Financial Express https://ift.tt/3h1O3Hj https://ift.tt/eA8V8J P Chidambaram
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Christmas cakes around the world

Christmas is around the corner and it’s time to treat yourself with the best of Christmas cakes from around the world. The best thing? They can be experimented with and baked at home. Here are some delicious ones to try. from The Financial Express https://ift.tt/2WvHbZh https://ift.tt/eA8V8J
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Covid-19 puts break on Indian Railways earnings: National transporter staring at 72% fall in passenger revenue in FY21

“Last year, the passenger revenue was around ₹ 53,000 crore. At this point, we have earned around Rs 4,600 crore, down 87%. In the passenger segment we will earn less, around Rs 15,000 crore in FY21,” Railway Board chairman and chief executive VK Yadav said on Friday at a virtual press meet to unveil the draft National Rail Plan 2030. Budget 2020-21 estimates had pegged earnings from passenger business at ₹61,000 crore. from The Financial Express https://ift.tt/34tNrVT https://ift.tt/eA8V8J FE Bureau
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Liquidity infusion: Proposed coal exchange to allow traders to buy and sell contracts

While sellers will be benefitted with wider market reach, faster inventory liquidation through price negotiation and a ready platform with a buyers base, buyers will be benefitted from integrated services like financial support, quality testing and delivery tracking system, Bhattacharyya said. from The Financial Express https://ift.tt/37yZa7e https://ift.tt/eA8V8J FE Bureau
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Reliance, BP start gas production from deep-water KG-D6 field

The companies are jointly developing three gas fields in the offshore KG-D6 block. Of these, the R Cluster field — which is expected to reach plateau gas production of about 12.9 million standard cubic metres per day (mscmd) in 2021 — now becomes the first project to come online. from The Financial Express https://ift.tt/3p6a3ng https://ift.tt/eA8V8J FE Bureau
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Data drive: Corona’s Wild West

While case additions in Asia have been relatively muted, there is a chance that these countries may also witness a revival in the coming months. India, on Friday, became the second country to cross the one-crore-infections mark. from The Financial Express https://ift.tt/3r4QUnk https://ift.tt/eA8V8J The Financial Express
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Government rules out putting farm laws on hold

Expressing the Centre’s inability to heed the Supreme Court’s (SC) suggestion to “assure that no executive action under the new laws” will be initiated, attorney general KK Venugopal said no farmer will then come for registration. from The Financial Express https://ift.tt/3r5bhkl https://ift.tt/eA8V8J FE Bureau
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DSE appointments: But who will guard the guardians?

The executive functionaries of the Delhi University, in subverting the subject experts’ recommendations in the selection for 14 posts at the Delhi School of Economics, are in breach of the public trust reposed in them to uphold the standard of quality we demand of a public university. It speaks volumes about governance at the university, an Institution-of-Eminence, when it makes a mockery of academic hiring by turning a selection committee into an election committee from The Financial Express https://ift.tt/2LDBtSO https://ift.tt/eA8V8J
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‘Our NPAs may rise to 3-5% in FY22 before normalising’

We have not grown significantly in the first six months, but we expect the bank to grow 10-15% in this half of the year. So, the overall growth should be about 15% when we close our March numbers. In terms of portfolio quality, we are now in the mid-nineties in terms of collection efficiencies. from The Financial Express https://ift.tt/3gX9zNj https://ift.tt/eA8V8J Shritama Bose
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Weeding out the corrupt: Tribunal upholds IRS officer’s sacking

The 1990-batch IRS officer Pramod Kumar Bajaj was among 85 officials who have been removed from the service by the government over the past few years. Bajaj had moved the tribunal challenging the action citing relief given to him by other benches of CAT earlier in cases of alleged wrongdoings. from The Financial Express https://ift.tt/3ntw2ns https://ift.tt/eA8V8J FE Bureau
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5% public float a must post CIRP: Sebi

The move is aimed at curbing volatility and manipulation in the share prices of these companies. The regulator said these companies would be given 12 months to achieve a public shareholding of 10% from the date their shares are admitted for re-trading on the exchanges and 36 months to reach 25%. from The Financial Express https://ift.tt/3nDXMG0 https://ift.tt/eA8V8J FE Bureau
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WhatsApp to offer sachet-sized health cover

The pilots on financial services and other social impact programmes are one of the four pillars of WhatsApp’s strategy in India. The other three are in the areas of digitisation of small businesses, interaction of consumers with businesses and digital payments. India is WhatsApp’s largest market in terms of the size of its user base. from The Financial Express https://ift.tt/3oZLeJz https://ift.tt/eA8V8J FE Bureau
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Chlorophile | Tech-churn for Indian agriculture

From resistance to change to digital transformation, agriculture has come a long way. Digital start-ups are connecting smallholder farmers with large buyers, automating farm operations, curing deficient soils, minimising post-harvest losses, and so on from The Financial Express https://ift.tt/3gSrtRr https://ift.tt/eA8V8J Vivian Fernandes
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Axis Bank says reports on Srei exposure ‘grossly inaccurate’

Private sector lender Axis Bank on Tuesday said the report, issued by an Australia-based news platform, which alleged that the bank has provided loans to Srei entities without any due diligence and verification of end use of the loan amount is “grossly inaccurate and baseless”. from The Financial Express https://ift.tt/38bEP7l https://ift.tt/eA8V8J FE Bureau
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Delhi-Mumbai expressway: NHAI arm to raise Rs 46,000-crore debt in 2-3 years

This fiscal, we (the SPV) need to borrow a little less than Rs 10,000 crore, but we already have got offers for Rs 29,000 crore from banks and financial institutions. It shows the success of the SPV model. We will see who offers the best rate and then decide accordingly. from The Financial Express https://ift.tt/3oWO6qI https://ift.tt/eA8V8J Surya Sarathi Ray
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A bio-entrepreneurship revolution

People’s knowledge of resources can be considered as a part of Technology Commons, in which, people-to-people knowledge sharing is allowed and encouraged, but people-to-firms is through licensing from The Financial Express https://ift.tt/3amW5sK https://ift.tt/eA8V8J
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Pre-Budget meeting: India Inc tells Centre to boost non-debt receipts

They suggested that the Centre set realistic revenue and deficit targets for FY22, avoid excessive off-Budget borrowing and firm up a three-year road map for fiscal consolidation and economic rebound, factoring in the unprecedented devastation caused by the pandemic. from The Financial Express https://ift.tt/2IO7yq0 https://ift.tt/eA8V8J FE Bureau
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Piramal, Adani & Oaktree submit bids for DHFL

FE learns Piramal has offered to pay Rs 1,054 crore more as cash upfront than Oaktree capital; it is willing to pay Rs 12,700 crore while Oaktree is willing to make a cash payment of Rs 11,646 crore. Adani Properties’ cash offer is smaller at Rs 10,750 crore. While Oaktree has offered to pay Rs 21,000 crore of debt over seven years, Piramal has said it will pay Rs 19,550 crore in 10 years. from The Financial Express https://ift.tt/3gMw5IF https://ift.tt/eA8V8J
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Farm laws impasse: A way forward?

Nothing will be lost if another six months are spent in finding an acceptable, if differentiated (with state-specific variations), solution to the issues the farmers seem to have with the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 from The Financial Express https://ift.tt/2KpRg7c https://ift.tt/eA8V8J
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‘Neutral’ on Cipla, co well-placed to deliver 24% earnings CAGR

Considering other settlements, limited build-up of sales over FY23-26E, and unlimited quantities of g-Revlimid by Cipla post Jan-26E, there could be a potential NPV addition of `40 per share from this opportunity. We await clarity on further details of the agreement. from The Financial Express https://ift.tt/2WgbNxW https://ift.tt/eA8V8J Motilal Oswal
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