India’s Finance Minister hints at possibility of Modi government considering restoration of state status to Jammu and Kashmir
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Saturday hinted at the possibility of the Centre (Narendra Modi government of Central government) considering restoring state status to Jammu and Kashmir. She dropped the hint while talking about the distribution of funds to the states by the Centre as per the recommendations of the 14th Finance […]
India looking at greater market access for pharma products in UK under FTA
NEW DELHI: India is looking at greater market access for its pharmaceutical products in the UK as part of the proposed free trade agreement with Britain, an official said on Friday. The official also said that a leaked chapter of the agreement, which is floated on some portals, on intellectual property (IP) is edited, distorted, […]
Giridhar Aramane assumes the office of Defence Secretary
NEW DELHI: Giridhar Aramane, a 1988-batch Indian Administrative Service (IAS) officer of Andhra Pradesh cadre, assumed the office of Defence Secretary on November 01, 2022. Before taking charge, Aramane laid a wreath at National War Memorial in New Delhi and paid homage to the fallen heroes. He saluted the bravehearts who sacrificed their lives while […]
By 2025, India hopes to expand its defence manufacturing beyond $25 billion
NEW DELHI: The Prime Minister, Narendra Modi laid the foundation stone of the C-295 Aircraft Manufacturing Facility in Vadodara, Gujarat today. He also visited an exhibition showcasing technological and manufacturing strides in the aerospace industry under Aatmanirbhar Bharat. Addressing the gathering, the Prime Minister said that today we have taken a big step in the […]
India, China trade crosses $100 billion during January-September; deficit up at $75 billion
BEIJING: India and China bilateral trade continued to boom, crossing USD 100 billion for the second year in the first nine months of 2022 while India’s trade deficit climbed to over USD 75 billion, according to trade data released by Chinese customs. The total bilateral trade, amidst the military standoff in eastern Ladakh, went up […]
India suffered income loss of $159 billion due to extreme heat in 2021: Report
NEW DELHI: India suffered an income loss of USD 159 billion, 5.4 per cent of its gross domestic product, in the service, manufacturing, agriculture, and construction sectors due to extreme heat in 2021, according to a new report. Heat exposure in the country led to the loss of 167 billion potential labour hours, a 39 […]
PhonePe investing $200 million on building data centres
NEW DELHI: Walmart-owned payment services provider PhonePe on Thursday said it is investing USD 200 million (around Rs 1,661 crore) on building data centres in the country, a top official said on Thursday. The investments are driven by the regulatory insistence on data localisation, which prevents a financial sector entity from storing its data overseas, […]
India’s Finance Ministry seeks trade, industry suggestions on taxes for 2023-24 Budget
NEW DELHI: Kickstarting stakehoder consultation for 2023-24 Budget in India , the finance ministry has sought suggestions from industry and trade associations regarding direct and indirect taxes. Along with the suggestions, the industry has to submit justification for their demand which, if found with merit, could become part of the Union Budget for 2023-24 (April-March), […]
People unhappy with collegium system; government’s job to appoint judges: India’s Law Minister
NEW DELHI: India’s Law and Justice Minister Kiren Rijiju said the people of the country are not happy with the collegium system and according to the spirit of the Constitution, it is the government’s job to appoint judges. Speaking at ‘Sabarmati Samvad’ organised here on Monday by ‘Panchjanya’, a weekly magazine published by the RSS, […]
India to have over 65% power capacity from non-fossil fuels by 2030: RK Singh
NEW DELHI: India will have more than 65 per cent of its power generation capacity from non-fossil fuels by 2030, Power and New & Renewable Energy Minister RK Singh said on Monday. Addressing a CII conference on green energy, he explained that India is aiming for 65 per cent of power generation capacity from non-fossil […]
Ministry of Civil Aviation organises Conference of the Secretaries of Civil Aviation in New Delhi
NEW DELHI: Ministry of Civil Aviation has organised the Conference of the Secretaries of Civil Aviation of all the states and union territories. The inaugural session was chaired by Rajiv Bansal, secretory, Ministry of Civil Aviation, Govt of India, today in Vigyan Bhavan, New Delhi. The objective of the conference is to promote greater collaboration […]
Coal to be back again as gas becoming unaffordable: India’s Finance Minister
NEW DELHI: Given the global energy crisis, India’s Finance Minister Nirmala Sitharaman has said that coal is going to be back again as gas has become unaffordable. Sitharaman, who attended the annual meetings of the International Monetary Fund and the World Bank, said the western world has seen countries moving to coal. The Western world […]
Rupee is not sliding, dollar is strengthening, says India’s Finance Minister in US
WASGINGTON: Finance Minister Nirmala Sitharaman has said that the rupee has not weakened but it is the dollar that has strengthened, as she defended the 8 per cent slide in the value of Indian currency against the greenback this year. Speaking to reporters after attending the annual meetings of the International Monetary Fund (IMF) and […]
Expanding India-US union for knowledge-based economy valuable: Vivek Lall
WASHINGTON: There is great merit in expanding the partnership between India and the United States towards a knowledge-based economy, a top Indian American corporate leader said on Tuesday, asserting that a successful collaboration would result in a number of joint efforts in matters of mutual interest. With India and US demographics, industrial might, and technological […]
When everyone is slowing, India in relatively bright spot than others: IMF
WASHINGTON: When everyone is slowing down in terms of economic growth, India has not remained unimpacted, but is doing better and is in a relatively bright spot compared to other countries, a top International Monetary Fund (IMF) official said on Tuesday. Just look at the global conjuncture right now, which is the overarching problem, IMF […]
US Treasury Secretary Janet Yellen to travel to India
WASHINGTON: US Treasury Secretary Janet Yellen here on Tuesday announced to travel to India next month to attend the ninth edition of US India Economic and Financial Partnership, asserting that the US-India relationship is critical to addressing the world’s most important global economic challenges. I am glad to announce today that in November ahead of […]