Centre may consider tax cuts for products in highest GST slab

More items may be knocked off the highest GST slab in an attempt to boost demand, as per a reportin The Economic Times. The economic slowdown has most states in favour of a tax reduction. Worried about the demand slump and unemployment, they communicated these concerns to the Centre as well, it said. The Indian economy slipped to a five-year low of 6.8 percent in FY19, with January seeing the lowest numbers at 5.8 percent. The GST Council, under new Finance Minister Nirmala Sitharaman, may meet ahead of the Budget presentation on July…

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India’s coconut products export to cross ₹2,000 crore in FY19

A higher price realisation of activated carbon in the overseas market has pushed up India’s coconut product exports to cross the ₹2,000 crore mark in FY19. The country exported 80,467 tonnes of activated carbon valued at ₹1123.64 crore till January this year and the total exports in overall products stood at ₹1812.55 crore. The final figures are yet to be compiled, but it is set to touch the range of ₹2,100 crore up to March this year. Activated carbon fetched a price of ₹140/kg in FY 19 vis-a-vis ₹100/kg in FY18. The low price of coconut…

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Maruti Suzuki To Launch 2 All-New Car Brands In India – Report

Maruti Suzuki will reportedly introduce Nexa as a separate car brand by 2022-23; will likely offer premium vehicles Maruti Suzuki India Limited (MSIL) inaugurated the Nexa premium dealerships in 2015 and the first product was the S-Cross. Despite the initial hiccups, it did get going well following the arrival of Baleno hatchback and four years on, it is significantly contributing to the brand’s sales tally every month. Maruti Suzuki is consistently expanding Nexa’s reach and it has been paying them good dividends. Along with it, the regular Arena as well…

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Lupin gains on exclusive rights to sell Aptissen products in Canada

Shares of Lupin rose 1 percent intraday Thursday as company entered into definitive distribution agreement with Aptissen S.A. Lupin and Aptissen S.A. entered into a definitive distribution agreement under which Aptissen has granted Lupin the exclusive rights to market, distribute and sell the current Aptissen products in Canada, company said in BSE filing. This includes immediate rights to distribute Synolis VA for the treatment of Osteoarthritis. Synolis VA (Visco-Antalgic) is the intra-articular injection product for osteoarthritis with a unique combination of Hyaluronic Acid and high concentration of Sorbitol. Synolis VA 40/80 is already…

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Top 5 upcoming cars in India 2019: Hyundai Venue, MG Hector, Tata Altroz and more

The Indian car market has already seen several big launches in 2019. The likes of Maruti Suzuki India, Mahindra & Mahindra, Tata Motors, Honda Cars India and Ford India have either introduced new products or driven in facelifts. Some of the important launches this year have been 3rd-generation Maruti Suzuki WagonR, 2019 Maruti Suzuki Baleno, Maruti Suzuki Alto facelift, Ford Figo facelift, 2019 Ford Endeavour, Mahindra XUV300, 10th-generation Honda Civic and Tata Harrier. Even after so many launches, there is no halt to the flow of new vehicles in India…

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Why the world is due a revolution in economics education

Economic thinking governs much of our world. But the discipline’s teaching is stuck in the past. Centred around antiquated 19th-century models built on Newtonian physics, economics treats humans as atomic particles, rather than as social beings. While academic research often manages to transcend this simplicity, undergraduate education does not – and the influence of these simplified ideas is carried by graduates as they go on to work in politics, media, business and the civil service. Economists such as myself tend to speak in tightly coded jargon and mathematical models. We speak of “economic…

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Citroen to launch three new cars in India after C5 Aircross

Citroen has revealed that it will launch the C5 Aircross SUV in India towards the end of next year. The SUV will be a rival to the Jeep Compass, Tata Harrier, Hyundai Tucson and the upcoming Kia SP2i and MG Hector. Apart from the Citroen C5 Aircross, the company will launch one new product every year from 2021 till 2023. The new vehicles will be manufactured and introduced first in India before being launched in the international markets. It isn’t clear whether these will be all-new nameplates or new-generation versions of the existing models. However, our understanding is that the…

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University Grants Commission bans distance learning degree programmes in agriculture

The University Grants Commission (UGC) has prohibited imparting distance degree programmes in agriculture.(Thinkstock) The University Grants Commission (UGC) has prohibited imparting distance degree programmes in agriculture. The decision was taken by the higher education regulator at its last meeting on the ground that a degree programme in agriculture is technical in nature as it requires practicals or laboratory courses. “The Union agriculture ministry had referred the matter to the commission, requesting it to consider prohibiting universities from offering Open and Distance Learning (ODL) degree programmes in agriculture,” a senior commission…

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