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Business & Economy

E-commerce grows by 36 per cent in last quarter in India: Report

Bengaluru, Feb 10 (PTI) The last quarter of 2020 saw e-commerce order volume growing by 36 per cent in India with Personal care, Beauty and Wellness (PCB&W) segment being the biggest beneficiary, according to a report.

In October to December 2020 period, PCB&W and FMCG & Healthcare (F&H) categories' volumes grew by 95 per cent and 46 per cent year-on-year (YOY) respectively, said the Q4- 2020 -E-commerce Trends Report', released by Unicommerce and Kearney.

Turkey unveils space program including 2023 moon mission

Ankara, Feb 10 (AP-PTI) Turkish President Recep Tayyip Erdogan unveiled an ambitious 10-year space programme for his country Tuesday that includes missions to the moon, sending Turkish astronauts into space and developing internationally viable satellite systems.

Erdogan announced the programme, seen as part of his vision for placing Turkey in expanded regional and global role, during a live televised event laced with special effects.

Indian Govt to bring bill on crypto currencies

New Delhi, Feb 9 (PTI) The government will soon bring a bill on crypto currencies as existing laws are inadequate to deal with issues concerning them, Minister of State For Finance Anurag Thakur told Rajya Sabha on Tuesday.

Replying to a question in the Upper House, Thakur said regulatory bodies like RBI and Sebi do not have any legal framework to directly regulate crypto currencies as they are not currencies, assets, securities or commodities issued by identifiable users.

Ensure democracy's norms maintained: US Caucus to India

Washington, Feb 8 (PTI) A powerful India Caucus in the US Congress has urged the Indian government to ensure that the norms of democracy are maintained and protesters allowed to demonstrate peacefully and have access to the Internet as it held a meeting with New Delhi's envoy here.

India's Ambassador to the US Taranjit Singh Sandhu, who regularly interacts with India Caucus members on a number of issues, had a virtual meeting with the top leadership of the Congressional India Caucus last week.

India: No 'ghar wapsi' (returning home) till farmers' demands are met: Tikait

Charkhi Dadri (Har), Feb 7 (PTI) Asserting that the agitation against the Centre's farm laws is a people's movement that will not fail, Bharatiya Kisan Union leader Rakesh Tikait on Sunday said there will be no "ghar wapsi" till protesting farmers' demands are met.

Tikait lauded the role of "khap panchayats" (caste councils) and their leaders in supporting the farmers' stir.

Indian PM appeals to farmers to end agitation against farm laws

New Delhi, Feb 8 (PTI) Prime Minister Narendra Modi on Monday appealed to protesting farmers to end their agitation against the new farm laws even as he questioned opposition parties for their sudden "U-turn" on the agriculture sector reforms.

The prime minister also hit out at those behind the protests, saying a new "breed" of agitators called "andolan jeevi" has emerged in the country who cannot live without an agitation and the nation should guard against them.

India's coal import rises by 15% in December

New Delhi, Feb 7 (PTI) The country's coal import rose by 15.1 per cent to 23.63 million tonnes (MT) in December 2020 compared to 20.52 MT in the year-ago month.

Non-coking coal imports were at 15.63 MT in December this fiscal against 14.21 MT in the same month last fiscal. Coking coal imports were at 5.36 MT against 4.47 MT in December 2019-20, according to provisional data compiled by mjunction services.

India: Punjab & Sind Bank loss zooms to Rs 2,375 cr in Q3

New Delhi, Feb 6 (PTI) Punjab & Sind Bank on Saturday said its net loss in December quarter 2020-21 spiralled to Rs 2,375.53 crore on higher provisions for bad loans.

The lender had posted a net loss of Rs 255.49 crore in the same period a year ago. In September quarter also, the bank had a loss of Rs 401.27 crore.

India: Centre imposing cess, surcharges to deny states : Mitra

Kolkata, Feb 6 (PTI) West Bengal Finance minister Amit Mitra Saturday said the Centre is on a spree to impose cess and surcharges to deny the states from getting their share of revenues.

The Centre has increased cess and surcharges from eight to 16 per cent over and above the taxes so as not to share with the states, he told reporters here a day after the vote-on-account by Chief Minister Mamata Banerjee in the state assembly.

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