Finance Minister Nirmala Sitharaman could make the announcement when she presents her annual budget for 2020/21 on 1 Feb (Photo: Reuters)
Finance Minister Nirmala Sitharaman could make the announcement when she presents her annual budget for 2020/21 on 1 Feb (Photo: Reuters)

Budget 2020: Govt may increase import duties on more than 50 items

  • Higher customs duties are likely to hit electronics, electrical goods, chemicals and handicrafts
  • The hike would provide a level playing field for local manufacturers who are hit by cheap imports from China, say officials and industry sources

BoB's other income, which includes core fee income, rose 49.5% to  ₹1,295 crore
A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, thus denting tax collections
A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, thus denting tax collections

In FY20, India faces first fall in direct taxes in at least two decades: Report

  • The tax department managed to collect only 7.3 trillion as of 23 Jan, more than 5.5% below the amount collected in the year-ago period, said a senior tax official
  • Direct taxes typically account for about 80% of the government's projections for annual revenue

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RBI governor Shaktikanta Das
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), gestures as she speaks during a panel session on the closing day of the World Economic Forum (WEF) in Davos, Switzerland. (Bloomberg)
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), gestures as she speaks during a panel session on the closing day of the World Economic Forum (WEF) in Davos, Switzerland. (Bloomberg)

Growth slowdown in India temporary, expect momentum to improve going ahead: IMF

  • On emerging markets, IMF chief Kristalina Georgieva said they are also moving forward
  • On risks ahead for the global economy, the IMF chief listed factors like weakness in long-term productivity growth and low inflation

So far this fiscal year, PVR shares have risen 20%. (Mint )
Varun Dhawan and Shraddha Kapoor in a still from Street Dancer 3D.
A health official scans the body temperature of a passenger as she arrives at the at an airport. Representative image (AP)
A health official scans the body temperature of a passenger as she arrives at the at an airport. Representative image (AP)

India steps up coronavirus checks at airports as 3 people suspected of disease

  • Around 23,000 Indian students are studying in China a considerable number of them in Wuhan medical University
  • AIIMS in New Delhi said that it has kept ready an isolation ward and kept ready all the protective gear to handle any spread of the virus

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Chief Justice of India Justice S.A. Bobde during the 79th Foundation Day Celebrations and All India Members' Conference of the Income Tax Appellate Tribunal, in New Delhi on Friday (Photo: ANI)
Chief Justice of India Justice S.A. Bobde during the 79th Foundation Day Celebrations and All India Members' Conference of the Income Tax Appellate Tribunal, in New Delhi on Friday (Photo: ANI)

Quick resolution of tax disputes an incentive for taxpayers: CJI

  • Like tax evasion, excessive tax is also a social injustice, said S.A. Bobde
  • The CJI said he is looking into the use of AI for judicial functioning but added that it should never be allowed to substitute human discretion necessary for decision making

The company said capital expenditure projects will be delayed by nearly a year, particularly the 5 million tonne per annum Dolvi plant expansion. (Mint)
The company said capital expenditure projects will be delayed by nearly a year, particularly the 5 million tonne per annum Dolvi plant expansion. (Mint)

JSW Steel Q3 net profit crashes 88% to 187 crore

  • The third quarter was affected by a dramatic fall in local steel prices while automotive contracts were renewed at lower levels
  • Net debt fell marginally to 49,550 crore at the end of December while the net debt to equity ratio stood at 1.35

File Photo: Rot am See is located about 170 kilometers (105 miles) northwest of Munich (Reuters)
File Photo: Rot am See is located about 170 kilometers (105 miles) northwest of Munich (Reuters)

6 killed in Germany shooting, suspect arrested

  • Aalen police said several people were injured and some were killed in the shooting early Friday afternoon, but haven't confirmed the number of fatalities
  • Rot am See is located about 170 kilometers (105 miles) northwest of Munich.

Vodafone India and Idea Cellular has completed their merger in September 2018 (Mint )
Road transport and highways minister Nitin Gadkari (Photo: HT)
Road transport and highways minister Nitin Gadkari (Photo: HT)

There will be performance audit of NHAI officials: Gadkari

  • The officials will be assessed on whether they are able to complete the allocated work in time, their problem resolution skills and initiative towards taking responsibility at work
  • The road minister instructed all chief engineers in the highways ministry and all members of NHAI to organise ‘review Mondays’ on the first and third Monday of every month

Representative image of a GoAir plane
The new rules which allow shops and establishments to be open through the night with some riders come into effect from 27 January. (Hemant Mishra/Mint)
The new rules which allow shops and establishments to be open through the night with some riders come into effect from 27 January. (Hemant Mishra/Mint)

Mumbai retailers warm up to running 24x7 outlets as new rules set in 

  • The new rules which allow shops and establishments to be open through the night with some riders come into effect from 27 January
  • Many of the mall owners have reportedly said that initially they will be open only till 3 am and may take it up to 5 AM

Photo: Reuters
A traveller wearing a mask arrives on a direct flight from China, after a spokesman from the US Centers for Disease Control and Prevention (CDC) said a traveller from China had been the first person in the United States to be diagnosed with the Wuhan coronavirus, at Seattle-Tacoma International Airport in SeaTac, Washington.  (REUTERS)
A traveller wearing a mask arrives on a direct flight from China, after a spokesman from the US Centers for Disease Control and Prevention (CDC) said a traveller from China had been the first person in the United States to be diagnosed with the Wuhan coronavirus, at Seattle-Tacoma International Airport in SeaTac, Washington. (REUTERS)

China shuts down 13 cities as coronavirus death toll climbs to 26

  • China has also deployed its military medics to help civilian doctors
  • The Wuhan lockdown is a cause of concern for Indian students who are still there

Railway administration also had to face problem in updating its software and content. (REUTERS)
The department had launched raids at 13 premises of the group, Suri, and others on 19 January in and around Delhi.
In this photo made available by U.S. astronaut Christina Koch and Italian astronaut Luca Parmitano pose for a photo with a cookie baked on the International Space Station. (AP)
In this photo made available by U.S. astronaut Christina Koch and Italian astronaut Luca Parmitano pose for a photo with a cookie baked on the International Space Station. (AP)

Astronauts bake first cookies in space

  • The space station's Italian commander Luca Parmitano acted as baker aided by NASA astronaut Christina Koch for the chocolate-chip cookie experiment
  • While the astronauts said they looked and smelled like cookies, no one has tasted them

Infosys had appointed law firm Shardul Amarchand Mangaldas to investigate these claims (Mint )
Renée Zellweger in Judy
Adani Gas is developing city gas distribution networks to supply piped natural gas to industrial, commercial and domestic users, and compressed natural gas to the transport sector (Photo: Pradeep Gaur/Mint)
Adani Gas is developing city gas distribution networks to supply piped natural gas to industrial, commercial and domestic users, and compressed natural gas to the transport sector (Photo: Pradeep Gaur/Mint)

Petroleum regulator alleges violations on city gas projects; Adani Gas clarifies

  • The issues assume importance in the backdrop of Total, which plans to buy a 37.4% stake in Adani Gas
  • The Adani family owns a 74.8% stake in Adani Gas

ImpactGuru raised Rs. 15.27 lakhs from 410 donors in four days. Photo: ImpactGuru
HDFC Bank managing director Aditya Puri's term comes to an end in October this year
HDFC Bank managing director Aditya Puri's term comes to an end in October this year

HDFC Bank taps Egon Zehnder to identify Aditya Puri's successor

  • A six-member internal search committee, appointed in November last year, has been unable to reach a consensus on selecting a successor to Puri, who has been at the helm of HDFC Bank since its inception in 1994: Report

Kangana Ranaut in a still from 'Panga'.
Finance Minister Nirmala Sitharaman. (ANI)
Kolkata saw home prices rise 3%, bucking a trend of falling costs in places like Mumbai and Chennai
Oil India on Wednesday filed a modification plea before the top court against its October verdict.
Following abrogation of article 370, EPFO started covering the J&K region for the first time in November 2019, and thus some payroll data (HT)
Following abrogation of article 370, EPFO started covering the J&K region for the first time in November 2019, and thus some payroll data (HT)

What does payroll data tell about J&K job seekers?

  • In the month of November, at least 11,887 people aged 35 or above were in formal sector jobs, whereas 6,536 were in the age group of 29-35
  • As per the payroll data, 3106 workers joined formal work in the 26-28 age group

Of the 10 most popular free Google Play apps in Kenya on Jan. 15, five were lending apps, according to a SimilarWeb ranking (AP)
Of the 10 most popular free Google Play apps in Kenya on Jan. 15, five were lending apps, according to a SimilarWeb ranking (AP)

Google ban fails to stamp out short-term payday lending apps

  • Lending apps are particularly popular in developing nations such as Nigeria, India and Kenya
  • The epicenter is Kenya, where an explosion in mobile lending and little government oversight has made Google the arbiter of which apps customers can choose

Delhi Metro services on Republic Day 2020.
Bank employees' unions have threatened to sit on a two-day bank strike after wage related talks with IBA failed. (Mint)