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Ind-Ra upgrades Jindal Stainless Limited rating to ‘IND AA-’

TBB BUREAU NEW DELHI, FEB 2, 2022 India Ratings and Research (Ind-Ra) has upgraded the long-term issuer rating assigned to Jindal Stainless Limited (JSL) to ‘IND AA-’ with a stable outlook, while resolving the Rating Watch Evolving (RWE). The agency had previously assigned ‘IND A+/RWE’ rating to JSL’s long-term credit facilities. As per the report released by Ind-Ra, the upgrade ...

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Ayush Ministry’s budget allocation stands up at Rs 3050 Cr

TBB BUREAU NEW DELHI, FEB 1, 2022 Cost effective Ayush services under the National Ayush Mission (NAM) have gotten major boost in the Union Budget 2022 presented by Finance Minister Nirmala Sitaraman today. The total allocation of budget to Ayush Ministry in last 7 years has increased over four times from 691 crore to Rs 3050 crore. Recognizing the importance ...

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Union Budget 2022-23 will fast track economic recovery: ICC

TBB BUREAU NEW DELHI, FEBRUARY 1, 2022 Indian Chamber of Commerce (ICC) has lauded the growth-oriented policy direction of the Union Budget 2022-23 based on EoDB, reforms, clear direction based on digital transformation. Budget measures would raise demand, support consumption, fast track economic recovery, support Employment generation and Output in the Economy. Commenting on the Union Budget 2022-23 presented in ...

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FM Sitharaman presents Union Budget for 2022-23

TBB BUREAU NEW DELHI, FEB 1, 2022 India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs ...

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Coal shortage now at alarming levels, say aluminium producers

TBB BUREAU BHUBANESWAR, JANUARY 31, 2022 With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Aluminium Association of India (AAI) has approached the Ministry of Coal, urging immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry. In its representation to the Ministry, the AAI has ...

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GST collection tops Rs 1.38 lakh cr in January 2022

TBB BUREAU NEW DELHI, JANUARY 31, 2022            GST collection in January crossed Rs 1.38 lakh crore in January, a growth of 15 per cent over the year-ago period.            Total number of GSTR-3B returns filed up to January 30, 2022 is 1.05 crore that includes 36 lakh quarterly returns, the Finance Ministry said.            “The gross GST revenue ...

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PNB launches co-branded credit card with Patanjali in partnership with RuPay

TBB BUREAU NEW DELHI, JANUARY 31, 2022 Punjab National Bank (PNB) and Patanjali Ayurved Limited (PAL) have launched co-branded credit cards in partnership with the National Payments Corporation of India (NPCI). The co-branded credit cards are offered on NCPI’s RuPay Platform and are available in two variants – PNB RuPay Platinum and PNB RuPay Select. Starting the New Year on ...

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