Tue, Mar 2, 2021 5:12 PM
UPL signs strategic collab with FMC Corp for Rynaxypyr active ingredient
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There are enough reasons to cheer for the Indian economy, given the robust figures banks are churning out on the back of strong macro fundamentals, but there could be hard days looming on the horizon. Last week, the speech of Reserve Bank of India (RBI) Governor Shaktikanta Das at the FICCI-IBA conference offered a good summary of the state of the economy and the banking industry.
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Uttarakhand Finance Minister Premchand Aggarwal has announced that no decision has been made regarding the proposed 18% GST on income from transactions under Rs 2,000 for payment aggregators. He said that the matter would be referred to fitment committee for further review and deliberation. Aggarwal, however, shared that helicopter services for pilgrims and tourists will be subject to a 5% GST.
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Tata Group has committed ₹950 Crore to Agratas, its battery manufacturing subsidiary, as part of its strategy to strengthen its position in the new energy sector. Agratas aims to enhance its manufacturing capabilities to support the automotive industry’s shift toward cleaner energy solutions. The company is establishing advanced battery manufacturing facilities in both India and the UK.
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