Auto cos slash production to drive through slowdown

The crisis in the auto sector is deepening and leading companies are going for production cut to drive through the slowdown

No need for pessimism over 5% growth, says FM

India's finance minister Nirmala Sitharaman said that there was no need for unnecessary pessimism as far as 5% GDP growth is concerned

The power sector in India will undergo big reforms that will change the face of domestic electricity market, make it more responsive and reduce cost for distribution utilities as well as consumers through intense competition

India's finance minister Nirmala Sitharaman urged tax officials to build trust with taxpayers and called for a makeover of the department by cutting down on litigation and using technology for faceless interaction

The Enforcement Directorate (ED) searched over a dozen premises linked to the defunct Jet Airways and its erstwhile promoters Naresh Goyal and Hasmukh Gardi in Mumbai and in Delhi in a case of foreign exchange violation



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