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Middle, rural India driving ‘strategic priorities’ of FMCG firms: Nielsen

Posted on : Sep 25, 2020

Nielsen defines middle India as urban but towns with population of 1-10 lakh, excluding rural centres and metros.

Local players must capture domestic market for self-reliant India: Minister

Posted on : Sep 25, 2020

Citing an example, he said earlier the market depended on China and Vietnam for bamboo for making incense sticks (agarbatti), but now the duty has been increased to 25 per cent

PM Modi’s ‘Atmanirbhar Bharat’ an important initiative, says IMF

Posted on : Sep 25, 2020

India would need to gradually increase its total spending in the healthcare sector from the current 3.7 per cent of the GDP, said IMF

Positive pay system for cheque payments to come into effect from January 1, 2021: RBI

Posted on : Sep 25, 2020

Under the positive pay system, the issuer of the cheque will be required to submit electronically, through SMS, mobile app, internet banking or ATM certain minimum details of that cheque like date, name of the beneficiary, payee, amount to the drawee bank.

Centre used GST compensation cess elsewhere, broke law, says CAG

Posted on : Sep 25, 2020

CAG said out of the Rs 62,612 crore GST Compensation Cess collected in 2017-18, Rs 56,146 crore was transferred to the non-lapsable fund.