"The three codes would come in the Monsoon session of Parliament which is scheduled to begin on September 14. We have circulated draft rules of the Code on Wages which would also be finalised soon," Gangwar had said addressing a virtual FICCI conference on 'Code on Wages: Safeguarding Rights of Lakhs of Essential Services Workers' on September 1, 2020. … [Read more...] about Cabinet discusses labour reforms, to push remaining 3 Codes in Monsoon session
Tax reform law about
The 'New Space India Limited (NSIL), a PSU under the Department of Space, will endeavour to re-orient space activities from a 'supply driven' model to a "demand driven model, thereby ensuring optimum utilisation of our space model, thereby ensuring optimum utilisation of our space assets,” it had said. … [Read more...] about Laws being put in place to ease business environment for private sector in space segment: ISRO
Market participants are however, cautious largely because tax cuts and deregulation have already been priced in, with the rally through the last three months. Recent executive orders by Trump, which will likely slow the flow the talent into the country and raise geopolitical tensions, did prove to be a setback to the feel good sentiment, but has not been enough to really dent the rally. Further, Dallas FED President Robert Kaplan reiterated the FED view, for sooner rather than later rate hikes, This along with recent upbeat US economic data have spiked rate hike chances in March to 50%. Higher interest rates will support bond markets, which could prompt an outflow from equities. … [Read more...] about Dow Heading To More Record Highs?
As the world's third-largest economy with a reputation for advanced technologies and extensive outreach network and official development assistance programmes, Japan initiated such parleys on de-risking supply chains from its overdependence on China by the end of March itself. Its first outcome was seen in early April when Japan announced a stimulus package of $2.2 billion to help companies move production away from China. … [Read more...] about Supply Chain Resilience Initiative | There’s no escaping China’s growing centrality
Mohan Shenoi of Kotak Mahindra Bank said, "Strong US data, progress in US tax reform bill and Powell's statements indicate December US Fed rate hike is on track. US Dollar has rallied and stabilised against most majors except pound which rallied on progress of Brexit talks." … [Read more...] about Indian rupee opens weak at 64.54 per dollar; down 23 paise