Even outright sale of chosen PSUs by the government is proving to be quite a task. The government is struggling to sell the laggards. (Photo: AFP)
Even outright sale of chosen PSUs by the government is proving to be quite a task. The government is struggling to sell the laggards. (Photo: AFP)

India can’t make up its mind on PSUs, 30 years after liberalisation

  • 30 years after liberalization, India’s muddled thinking on PSUs continues. This year, things may only get worse.
  • The tension is only likely to increase further in 2020-21 because of the pandemic. PSUs have already contributed over 2,000 crore to the newly launched PM CARES Fund

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Burger King India aims to raise  ₹810 crore through the three-day share sale that begins on Wednesday. (Photo: Pradeep Gaur/Mint)

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Photo: Mint

Home sales need more than a virus scare to recover

The pandemic has worsened the slowdown in India’s housing sector. However, home sales picked up in Q2, on the back of stagnant prices, lower interest rates and pent-up demand, even as they remained lower than 2019 sale levels. Mint explores the state of India’s real estate.

Political parties may also demand that the government produce a white paper on the spread of coronavirus (REUTERS)
Only blue-collar jobs in e-commerce and logistics sectors saw growth in the last couple of months (Mint)
Photo: iStock

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Agriculture minister Narendra Singh Tomar. The next meeting is scheduled on 3 December (HT)
Biden’s success may depend on his ability to get legislation through the Senate (Photo: AFP)
Biden’s success may depend on his ability to get legislation through the Senate (Photo: AFP)

Biden’s picks display concern for African-American workers

His economic nominations suggest he wants inequality reduced

Photo: Bloomberg
Indian Railways 'push pull' technology
Investors overlooked data showing US manufacturing activity slowed in November amid a rise in Covid-19 infections that has prompted state-wise restrictions (AP)
Investors overlooked data showing US manufacturing activity slowed in November amid a rise in Covid-19 infections that has prompted state-wise restrictions (AP)

S&P 500, Nasdaq start December with record highs on vaccine optimism

  • Investors are closely following updates on a handful of leading vaccine candidates as well as the start of global shipments as drugmakers submit paperwork for regulatory approvals
  • Earlier in the day, China's better-than-expected factory data lifted global equities

Flipkart  (MINT_PRINT)
Photo: AFP
Representational image (Photo: AFP)
Out of the  ₹1.05 trillion revenue collected in November, central GST is  ₹ 19,189 crore, state GST is  ₹ 25,540 crore, IGST is  ₹ 51,992 crore and cess is  ₹8242 crore. (Mint)
Out of the 1.05 trillion revenue collected in November, central GST is 19,189 crore, state GST is 25,540 crore, IGST is 51,992 crore and cess is 8242 crore. (Mint)

PMI, GST data indicate sustained economic recovery

  • Deepening contraction in core sector growth comprising eight infra sectors in October after nearing zero mark in September had raised questions on sustainability of the normalization process in the economy

Photo: Mint
Photo: Mint

The Indian economic recovery seems led by profits, not wages

Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter

In this India Meteorological Department released satellite image captured on Tuesday, deep depression in the Bay of Bengal, which is likely to intensify further into a cyclonic storm (PTI)
In this India Meteorological Department released satellite image captured on Tuesday, deep depression in the Bay of Bengal, which is likely to intensify further into a cyclonic storm (PTI)

Cyclonic storm 'Burevi' likely to intensify further during next 12 hours: IMD

  • IMD has issued a cyclone alert for south Tamil Nadu and south Kerala coasts
  • Heavy to very heavy rainfall at a few places with isolated extremely heavy falls very likely over south Tamil Nadu on 2 and 3 Dec; over south Kerala on 3 Dec

Companies like Microsoft, Goldman Sachs, Qualcomm, Google, Amazon, Walmart, Bajaj Auto, JP Morgan Chase and Co, Flipkart among others hired from multiple IITs.
The department would be known as Yusuf Hamied Department of Chemistry. (Mint)
The number of COVID-19 containment zones in Delhi rose to 5,669 on Tuesday from 5,552 on Monday
Undated handout photo of Burger King's new reusable containers (Photo: Reuters)
Prime Minister Narendra Modi last week visited Ahmedabad, Hyderabad and Pune to review the development and manufacturing process of coronavirus vaccines (REUTERS)
Union Agriculture Minister Narendra Singh Tomar (ANI)
Sensex climbed over 500 points to 44,655
Photo: Reuters
Photo: iStock
Photo: iStock

How LTC/LTA scheme can be beneficial for an individual taxpayer

  • While employees are aware that they would need to expend three times the amount of LTA exemption, one needs to ensure that all conditions in the scheme are met to avail of the tax break
  • Employees who have opted for the simplified tax regime (new tax regime) are not eligible to claim tax relief under this scheme.

Oppo had the fastest after-sales service turnaround time followed by Realme (Reuters)
The upshot is that Vi’s market share losses can be expected to continue.
Union Agriculture Minister Narendra Singh Tomar and Union Minister for Commerce and Industry Piyush Goyal held a meeting with farmers' leaders at Vigyan Bhavan in New Delhi on Tuesday. (ANI Photo)
Union Agriculture Minister Narendra Singh Tomar and Union Minister for Commerce and Industry Piyush Goyal held a meeting with farmers' leaders at Vigyan Bhavan in New Delhi on Tuesday. (ANI Photo)

Govt offers to set up panel to look into issues, but farmers refuse to budge

  • As the meeting continued for more than two hours, sources said the farmer representatives were unanimous in seeking repeal of the three laws
  • For the meeting in Delhi, Union Agriculture Minister Narendra Singh Tomar was accompanied by Railways and Commerce and Industry Minister Piyush Goyal

The central government has called a meeting with all 32 agitating farmers unions at Vigyan Bhawan
A health worker draws the 'Gam-COVID-Vac', also known as 'Sputnik V', COVID-19 vaccine, developed by the Gamaleya National Research Center for Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF), from a vial during a trial at the City Clinic #2 in Moscow, Russia. (Bloomberg)
A health worker draws the 'Gam-COVID-Vac', also known as 'Sputnik V', COVID-19 vaccine, developed by the Gamaleya National Research Center for Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF), from a vial during a trial at the City Clinic #2 in Moscow, Russia. (Bloomberg)

Dr Reddy’s starts clinical trial of Sputnik V vaccine

  • Hetero is likely to manufacture the vaccine primarily for the Indian market, but will not have distribution rights
  • Dr Reddy’s plans to enrol 100 participants for phase 2 and 1,400 for the last stage.

File photo of Delhi Health Minister Satyendar Jain. (ANI)
Representational image
Bitcoin steadied after its biggest drop as investors and speculators reappraised the outlook for initial coin offerings
Union Health Secretary Rajesh Bhushan (PTI)
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