Business Featured National 

GOODS AND SERVICE TAX Council cuts rates on 17 items and 6 services, rationalises 28% slab

The Goods and Service tax council on Saturday cut the tax rate on 17 items including televisions, movie ticket, monitors and other electronic items and on 6 services, excluding cement in the 28% bracket. The finance minister of India Mr Arun Jaitley said that it is the Christmas Bonanza for every man and the reduces rate will come to an effect from January 1st, 2019. The goods on which GOODS AND SERVICE TAX has been lowered to 18 per cent from 28 per cent at present include pulleys, transmission shafts…

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LALU-YADAV-TRUECOLUMN Business Featured National 

RJD CHIEF LALU PRASAD YADAV GETS INTERIM BAIL BY DELHI HIGH COURT

On Thursday, the Delhi High court granted Interim Bail till January 2019 to former Bihar Chief Minister and RJD chief Lalu Prasad Yadav who is serving in jail term in Ranchi in two cases, Indian Railway Catering and Tourism Corporation (IRCTC) scam case And fodder scam case. Both the cases were filed by Central Bureau of Investigation and the Enforcement Directorate. Relief was granted to Lalu Prasad Yadav by the special judge Arun Bharadwaj after he was produced before the court through video conference from a Ranchi jail, where he…

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5GSPECTRUM-TRUECOLUM Business National 

Next spectrum auction in the second half of 2019 : Telecom Secretary

The Department of Telecommunication will only be holding a spectrum sale in the second half of next fiscal year. A spectrum auction is a process whereby the government uses an auction system to sell the license to transmit signals over specific bands of the electromagnetic spectrum and to assign scarce spectrum resources. Depending on the specific auction format used, a spectrum auction can last from a single day to several months from the opening bid to the final winning bid. The spectrum auction is a step towards market-based spectrum management…

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CHINAPRESIDENT-TRUECOL Business International 

China will ‘never seek hegemony,’ Says Chinese President

While attending the opening ceremony of the Hong Kong Zhuhai Macau Bridge on Tuesday the Chinese President Xi Jinping said that China will never seek Hegemony as the country’s economic growth is concerned. During the conference, he repeated China’s commitment to a multilateral trading system and further opening of its economy. The President said that China’s expanding footprint worldwide from Asia-Pacific to Africa and beyond through a broad network of infrastructure projects called the Belt and Road Initiative has led some nations to raise the alarm over what they call…

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drugs-truecolumn Business Featured National 

Madras High Court bans online sales of Medicines

The Madras High Court has banned the online sale of medicines till the central government notifies the rules regarding it. The court has also set January 31, 2019 as deadline to issue the notification. SK Chandra Kumar, a lawyer representing the Tamil Nadu Chemist and Druggist Association told that, ” the court has ordered a complete ban until players obtain a licence to sell it online.” According to the association, though online shopping might be convenient for consumers but buying medicines from any unlicensed store may be risky as they…

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PMmodi-truecolumn Business Featured International 

India expands USD 1.4 Billion assistance to Maldives

On Monday, Prime Minister Narendra Modi announced USD 1.4 billion financial assistance to Maldives after he held extensive talks with President of Maldives Mr. Ibrahim Mohamed Solih during which both sides vowed to deepen security cooperation in the Indian Ocean region. India and Maldives also signed four pacts including one on visa facilitation. Indian Prime Minister Narendra Modi also said that the India is extending USD 1.4 billion as budget support, currency swap and line of credit for the social and economic development and cultural development of Maldives. The ties with two…

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ONEPLUST-TRUECOLUMN Business Featured Technology 

ONE PLUS LAUNCHES ITS NEW PHONE: PRICE, SPECIFICATION AND MUCH MORE

One Plus launches its new phone in India, the phone is (One Plus 6T Mc Laren edition). The phone is the latest edition smart phones released by smart phones released by One Plus. The sale of this smart phone will be start from today in India on both online and offline channels and will be also be sold at Amazon, OnePlus India website and OnePlus exclusive offline stores. The smart phone will be available at a price Rs. 50,999.     ONE PLUS 6T | TRUE COLUMN Feature of One…

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moody's-truecolumn Business Featured National 

Moody’s Put PFC and REC on review for rating Downgrade

On Thursday, the Credit Rating Agency Moody’s Investor Service has placed the Baa3 issuer ratings of Power Finance Corporation Limited (PFC) and Rural Rectification Limited (REC) “on review for downgrade” over the Cabinet Committee on Economic Affairs (CCEA) decision to sell the government’s stake in REC to PFC, along with management control. This follows after ICRA placed the long-term rating of AAA for the various debt programmes of REC and PFC “on watch”. ICRA also reaffirmed the ICRA triple A to the short-term borrowing programmes of the two firms. According…

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SENSEX-TRUECOLUMN Business Featured National 

SENSEX JUMPS OVER 300 POINTS

After the appointment of new RBI Governor, the equity bench mark BSE SENSEX jumps over 300 points in the early trade on Wednesday. NIFTY also rose by 98.50 points or 0.93%, to 10,647.65. The 30-share index was trading higher by 324.94 points, or 0.92%, at 35,474.95. All the sectoral indices, led by banking, auto, and consumer durables stocks were trading in the positive zone. Brokers said that the investor sentiment got a boost after the appointment of the new RBI Governor on hopes that it will now address the liquidity…

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NOTE6PRO-TRUECOLUMN Business Technology 

Filpkart Shopping day sale is live , Redmi Note 6 Pro Launched

Flipkart, the e-commerce site is live with its Big Shopping Day sale which will be active for 3 days from 6th – 8th December. As a part of long 3 days sale, branded smartphones like Oppo, Xiomi, Realme are now available with offers and discount. During this sale, Xiomi has launched its phone “Xiomi Redmi Note 6 Pro”. Now the phone is available on e-commerce site. For those who are unaware Redmi Note 6 Pro, it is a successor to the company’s Redmi Note 5 Pro. The Redmi Note 6 Pro…

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