PTI The Jammu and Kashmir administration on Saturday approved the setting up of four new industrial estates in the Union Territory to boost investment and promote local employment, according to an official spokesperson. Approval for the setting up of new industrial estates at Budhi in Kathua district, Medicity Jammu in Jammu district and Chandgam and Lelhar in Pulwama district was given by the Administrative Council (AC) that met under the chairmanship of Lt Governor Manoj Sinha here, the spokesperson said. He said the new industrial estates will be developed on 1,379 kanals of land with an investment of Rs 136.65…
Author: Amit Bhanot
PTI Capital markets regulator Sebi aims to introduce same-day settlement of trades on stock exchanges by March 2024 and eventually have real time settlement, its Chairperson Madhabi Puri Buch said on Saturday. Already, the watchdog reduced the settlement timelines to as short as one day. “Sebi wants the T plus zero (T+0) settlement norm to be in place from March-end 2024 and T plus instantaneous settlement 12 months from thereon,” Buch told reporters here after the regulator’s board meeting.
The President of India, Smt Droupadi Murmu launched an Education Campaign ‘New Education for New India’ of Brahma Kumaris, Sambalpur at Sambalpur, Odisha today (November 22, 2023). This campaign is envisaged to inculcate values and uplift the consciousness of the students for better society. Speaking on the occasion, the President said that education has always played an important and transformative role in society building. She highlighted that moral and human values like service, equality and sympathy are the foundation of our culture and youth should be familiar with these great ideals. They should take care of their elderly parents and people from the deprived sections of society…
BQ Prime Measures introduced by the government to simplify and automate the taxation regime have raised the trust factor among taxpayers towards the Income Tax Department, according to a survey by CII. About 87% of the individual respondents and 89% of firms said that the process of claiming income tax refund was convenient, the Confederation of Indian Industry survey revealed. Over 90% of the respondents, both individuals and enterprises, said that that ITR refund gets automatically generated after filing the ITR, it said. The survey, presented to Finance Minister Nirmala Sitharaman, revealed that 83% of the surveyed individuals and 85%…
The Telegraph India The National Highways Authority of India (NHAI) will undertake a safety audit of all 29 under-construction tunnels across the country to ensure safety and adherence to highest quality standards, an official statement said on Wednesday. The statement by the Ministry of Road Transport and Highways (MoRTH) comes in the backdrop of collapse of under-construction Silkyara Tunnel in Uttarkashi on November 12. “NHAI officials, along with a team of experts from Delhi Metro Rail Corporation (DMRC) as well as other tunnel experts, will inspect the ongoing tunnel projects and will submit a report within seven days,” the statement…
FE Tata Motors stands to make 68 times return on the investment it made in its subsidiary Tata Technologies in the mid-1990s making it one of its most profitable bets. The Mumbai-based automotive giant is set to raise a little under `2,300 crore at the upper end of the price band in the initial public offering (IPO) of Tata Technologies. The IPO which opened on Wednesday in the price band of Rs 475-500 was subscribed 6.55 times on the first day. Incorporated as Core Software Systems in 1994 before changing the name to Tata Technologies in 2001, Tata Motors had…
BS Central Depository Services on Wednesday said the number of demat accounts on its platform has crossed the 10-crore mark. Central Depository Services (India) Ltd, or CDSL, began operations in 1999 and facilitates holding and transacting in securities in the electronic form and settlement of trades on stock exchanges. In a statement, the depository announced “the crossing of another milestone as more than 10 crore demat accounts were registered with CDSL”. CDSL is the largest depository in the country in terms of active Demat accounts and allows investors to deposit securities by opening an account in electronic form (dematerialised).
PTI The Kolkata-based Merlin Group announced on Wednesday that the company has signed an MoU with several World Trade Centers in the country to explore opportunities for enhancing trade and investment. The pact was inked during the Bengal Global Business Summit here. . “We signed MoUs with WTC Bangalore, WTC Mumbai, and WTC Noida at the investment summit for mutual support in various activities, promoting businesses and members in each other’s states,” Sushil Mohta, chairman of WTC NDITA said.
PTI The West Bengal Hosiery Association (WBHA) on Wednesday said that an investment of Rs 400 crore in capacity building of hosiery parks in the state is expected by the next fiscal year. Addressing a session on manufacturing industries with a focus on MSMEs and textiles at the seventh Bengal Global Business Summit, WBHA secretary Pradeep Arora said, “This investment aims to add a sprawling 20 lakh sq ft of operational area to the hosiery parks.”. Chief Secretary H K Dwivedi, in his address, underscored the importance of Medium and Small Scale Industries (MSMEs) in the rural hinterlands, while stressing…
PTI India on Wednesday resumed issuing electronic visas for Canadian nationals after suspending it following a diplomatic row over Ottawa’s accusation of possible Indian government involvement in the murder of a Canadian Sikh separatist leader. The latest move is being seen as a step that could reduce tensions between the two countries. India had started issuing Entry visa, Business visa, Medical visa, and Conference visa from October 26 after halting its visa services for Canadian nationals following Prime Minister Justin Trudeau’s allegations of the “potential” involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar on June…