Among the states, Tamil Nadu topped the list with market borrowing of Rs 28,000 crore in Q1 FY21, followed by Maharashtra (Rs 25,500 crore), Rajasthan (Rs 16,000 crore)
Monthly Archives: July 2020
Coronavirus Lockdown: Traffic at India’s major ports falls 20% in June quarter
India’s twelve state-run major ports handled 141.9 million tonnes of shipments in the quarter ended June 30, compared with 176.7 million tonnes the previous year, the IPA data showed
UK India Business Council appoints Jayant Krishna as Group CEO
Jayant Krishna will be the first Indian CEO of UK India Business Council and also the first CEO of the Council who will be based in India
Pakistan foreign minister Shah Mehmood Qureshi tests positive for coronavirus
In the last few days, Qureshi has had contact with Pakistani Prime Minister Imran Khan in parliament and in a cabinet meeting on Wednesday
NCLAT suspends work till July 10 after staff tests positive for coronavirus
In a notice issued on July 2, the NCLAT said all court works, including virtual hearings of cases and filing, would remain suspended as some staff members have come in direct contact with a affected person
Bombay HC asks tax dept to refund Rs 833 crore to Vodafone-Idea
After a Supreme Court direction, the revenue department had issued intimation under section 245 proposing certain adjustments to the refund and also passed order under the same section on 28 May 2020 determining the net refund of Rs 833 crore
Sunil Mittal’s Bharti Global, UK govt win bid for bankrupt satellite firm OneWeb
Meanwhile a statement by the UK government said that it “will provide USD 500 million to deliver first UK sovereign space capability, alongside USD 500 million from Bharti Global”
Tata Steel promises no forced job cuts at Amsterdam plant
Tata employees at IJmuiden had staged continuous strike actions since June 10, after unions said the company planned to scrap around 1,000 of the 9,000 jobs at the site
Aequs to set up India’s first toy-making 400-acre cluster in Karnataka
At its aerospace SEZ in Belagavi, Karnataka, Aequs has set up a 600,000 sq feet facility for manufacturing plastic toys. A few large scale manufacturers have already set up shops in the past two years
Not only ban apps, India needs to monitor China FDI too: Think tank
Investments in Indian social and other media (including those in regional languages) as well as start-ups could lead to a subtle push toward the Chinese narrative on bilateral issues and disputes with India, a shift to a more favourable depiction of China and suppression of criticism