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BSE Sensex down 61 points even as inflation cools to a 3-month low

The benchmark BSE Sensex fell about 61 points in early trade on profit-booking by investors in recent gainers, even as retail inflation fell to a three-month low in February. The 30-share barometer, which gained 180.94 points in the past two sessions, was trading down 60.95 points or 0.25 per cent at 24,743.33 with healthcare, FMCG, […]

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PM Modi at MOF-IMF Conference on “Advancing Asia: Investing for the Future” in Delhi

The Prime Minister, Shri Narendra Modi at MOF-IMF Conference on “Advancing Asia: Investing for the Future”, in New Delhi on March 12, 2016. The Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Shri Arun Jaitley, the Managing Director, International Monetary Fund (IMF), Ms. Christine Lagarde and other dignitaries are also seen

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Ahmedabad Mayor meets with Mayor of Valladolid under Sister City project

Today in Ahmedabad, Mayor Gautambhai Shah conducted a Press meet with Mayor of Valladolid, Spain and its delegation. Municipal Commissioner, Councillors and official were present during the meeting in a high level meeting. In year 2008, there was agreement made under Sister City project with Spain on cultural, heritage and architectural development and tourism promotion.

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Govt to Rollback on EPF after PM’s Call For Review

Finance Minister Arun Jaitley is ready to make a suo motu statement regarding the controversy surrounding his EPF proposals in Lok Sabha on Tuesday without even waiting for start of the discussion on Budget 2016-17 in Parliament. The updated list of Lok Sabha’s business for Tuesday, in fact, has already listed Jaitley to make his […]

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Banks ask Supreme Court to stop Vijay Mallya From Leaving India

The SBI and other banks on Tuesday moved the Supreme Court with a plea to prevent Vijay Mallya from leaving the country. Vijay Mallya should not be allowed to leave India, a consortium of 17 public sector banks said in a petition to the Supreme Court Today. The court is expected to take up the […]

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JICA’s financial assistance of Rs 4,870 crores assistance for Ahmedabad Metro project

Today JICA Japan International Cooperation Agency  signed a pact with the Centre to provide 82.434 billion yen (about Rs 4,870 crores) assistance for Ahemadabad Metro Rail Project. With this pact, the total loan amount provided by JICA for metro projects in India (including Delhi, Chennai, Bengaluru, Kolkata and Mumbai Metros) has exceeded 1 trillion yen […]

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7th Pay Commission: Western Railway Employees’ Union to submit memorandum on Mar 11 to govt

Western Railway Employees’ Union Ahmedabad Division members held a meeting to discuss on 7th Pay Commission of Western Railway Employee Union in the city. Railway Union will submit memorandum on Mar 11 to govt on 7th Pay Commission and warned to go on strike from Apr 11, if required. Railway unions have held meetings with […]

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Valsad: Tender mango shoots and mango crop destroyed in unseasonal rains

With today morning’s unseasonal rains in Gujarat, produce of tender mango shoots and mango crop in Valsad was destroyed in the rain and incurring lot of loss. As a result, this year mango is likely to be sold at higher rate than average mango cost over previous years.  

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Jewellers on 3 days of India on strike; protests against excise duty imposition

Jewellers of India are on 3 days strike post imposition of 1 % excise duty in Union Budget 2016-17. They have also expressed feedback on customer’s pan card saying that many customers do not have pan card. Government has made pan card compulsory over jewellery purchase over Rs 2 lakhs. Ahmedabad, Rajkot and Saurashtra jewellers […]

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Gujarat government’s new Electronics policy; subsidy upto Rs 100 Cr on EMC setup

Gujarat Government has announced subsidy upto Rs 100 crores on capital cost to establish a Electronics Manufacturing Cluster (EMC) in state in addition to other incentives under its ‘Electronics Policy 2016’. “This new policy is aimed at attracting an investment of USD 6 billion in the next five years, and aims to create 5 lakh […]