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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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Combined Index of Eight Core Industries increases by 3.8 pc in December 2021

TBB BUREAU NEW DELHI, JANUARY 31, 2022 The combined Index of Eight Core Industries stood at 141.3 in December 2021, which is an increase of 3.8 per cent (provisional) as compared to December 2020. The production of Coal, Natural Gas, Refinery Products, Fertilizers, Cement and Electricity industries increased in December 2021 over the corresponding period of last year. The Office ...

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Tata Steel Long Products to buy Neelachal Ispat Nigam for Rs 12,100 crore

TBB BUREAU BHUBANESWAR, JANUARY 31, 2022          The Union government on Monday approved sale of Neelachal Ispat Nigam Ltd (NINL) to Tata Steel Long Products Ltd for Rs 12,100 crore.          A joint venture of MMTC, NMDC, BHEL, MECON, OMC and IPICOL, NINL has a 1.1 million tonnes (MT) capacity integrated steel plant at Kalinganagar in Odisha. The plant is ...

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Indian economy to grow by 9.2pc in real terms in 2021-22

TBB BUREAU NEW DELHI, JANUARY 31, 2022 India to witness GDP growth of 8.0-8.5 per cent in 2022-23, supported by widespread vaccine coverage, gains from supply-side reforms and easing of regulations, robust export growth, and availability of fiscal space to ramp up capital spending. The Union Minister for Finance & Corporate Affairs Nirmala Sitharaman tabled the Economic Survey 2021-22 in ...

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EyeMyEye launches sustainable eyewear frames in India

TBB BUREAU MUMBAI, JANUARY 31, 2022 Taking a leap towards adopting eco-friendly fashion, EyeMyEye – India’s most loved eyewear platform takes pride in presenting an excellent collection of distinctive sustainable eyewear frames, the ‘Bamboo Eyewear Range’ in India. Designed from 100% pure &organic bamboo material, this collection offers a range of unique Eyeglasses & Polarized Sunglasses that will stay fashionable ...

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