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Zee Business: India Economy News

https://www.zeebiz.com/india-economy.xml 👁 2313

Tax dept raises Rs 55 cr from selling Modi paintings


The income tax department Tuesday evening auctioned the artworks owned by the absconding diamantaire Nirav Modi, who fled the country after duping state-run lender PNB of a whopping Rs 14,000 crore, for Rs 59.37 crore.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/tax-dept-raises-rs-55-cr-from-selling-modi-paintings-91766

Court allows sale of Mallya's shares worth Rs1000 cr; liquidator to sell 7.4 mn UBL stocks Wednesday


In a major step to partly recover outstanding dues from Vijay Mallya, a PMLA court Tuesday rejected United Breweries Holdings' plea to stay the proposed sale of shares worth around Rs 1,000 crore of its erstwhile subsidiary United Breweries (UBL) by a court-appointed liquidator.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/court-allows-sale-of-mallyas-shares-worth-rs1000-cr-liquidator-to-sell-74-mn-ubl-stocks-wednesday-91758

HC allows Vedanta to take part in NALCO's tender for alumina


The Orissa High Court Tuesday allowed Vedanta Limited to participate in the tender floated by the National Aluminum Company Ltd (NALCO) for the sale of its 30,000 MT metallurgical grade calcined alumina.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/hc-allows-vedanta-to-take-part-in-nalcos-tender-for-alumina-91749

Pakistan opens its airspace; PIA resumes normal flight


Pakistan Tuesday fully opened its airspace, nearly a month after shutting it for commercial flights following escalating tensions with India after the Pulwama terror attack and the subsequent aerial strike by Indian jets on a training camp of the Jaish-e-Mohammed (JeM) in Balakot.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/pakistan-opens-its-airspace-pia-resumes-normal-flight-91747

Bank branches dealing with govt business to remain open this Sunday: RBI


The Reserve Bank of India (RBI) Tuesday directed banks to keep open their branches dealing with government business on the last day of the financial year (March 31), which happens to be Sunday.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/bank-branches-dealing-with-govt-business-to-remain-open-this-sunday-rbi-91739

KVIC distributes electric potter wheels in remote Himachal villages


Khadi and Village Industries Commission (KVIC) have given the potters of villages in Himachal Pradesh, who were in drudgery, a better employment source by distributing electric potter wheels, said the commission.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/kvic-distributes-electric-potter-wheels-in-remote-himachal-villages-91738

Nirav Modi case: Ex-PNB chief Usha Ananthasubramanian approaches NCLAT


Former Punjab National Bank (PNB) managing director and CEO Usha Ananthasubramanian has approached the NCLAT against the NCLT Mumbai-bench order, which made her a respondent in the PNB-Nirav Modi fraud case.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/nirav-modi-case-ex-pnb-chief-usha-ananthasubramanian-approaches-nclat-91736

Pakistan opens its airspace; PIA resumes normal flight


The Civil Aviation Authority (CAA) on Tuesday announced the complete opening of Pakistan's airspace, with the national carrier resuming its flights across the country. Pakistan closed its airspace on February 27 following escalating tensions with India.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/pakistan-opens-its-airspace-pia-resumes-normal-flight-91735

Farm loan waivers kill credit culture, says Rajan


India needs to focus on resolution of farm distress rather than loan waivers which kill the credit culture, former RBI governor Raghuram Rajan said Tuesday.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/farm-loan-waivers-kill-credit-culture-says-rajan-91731

Samsung partners Indus Bazaar to offer apps in Indian languages


Samsung India Tuesday said it has partnered with Indus Bazaar, which will enable it to offer Apps on Galaxy store in 12 Indian languages.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/samsung-partners-indus-bazaar-to-offer-apps-in-indian-languages-91726

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