Fiscal deficit of states to hit peak of Rs 8.7 lakh crore as tax collections slide
NEW DELHI: The Covid pandemic-induced lockdown and consequent slump in economic activity will hit tax collections of states and result in a near four-fold expansion in their revenue deficits this fiscal, year-on-year, ratings agency Crisil said in a report. With this, the states’ aggregate gross fiscal deficit (GFD) will not only get expanded to an […]
L&T’s construction arm wins large transmission orders in Bangladesh
NEW DELHI: Engineering major Larsen & Toubro (L&T) on Wednesday said its construction arm, L&T Construction, has won a slew of Transmission Line orders in Bangladesh. The scope of these packages involves Design, Supply, Installation, Testing and Commissioning of Extra High Voltage Transmission Lines on turnkey basis. While the company didn’t disclose the value of […]
Remarks by Rahul Gandhi in Press Conference
NEW DELHI: Former Congress chief Rahul Gandhi on Tuesday hit out at the Narendra Modi government (Centre) over the farmers’ agitation, saying that the “image” of India built by the Congress is being “destroyed” by Prime Minister Narendra Modi. Commenting on the farmers’ protests at several borders of the national capital for the last 54 days […]
UAE bizman nominated for government’s Centre for Migration
THIRUVANANTHAPURAM: M.A. Yusuffali, Chairman and Managing Director of UAE-based Lulu Group International has been nominated as expert member of the Governing Council of India Centre for Migration (ICM) by the Ministry of External Affairs (MEA). ICM is a committee that undertakes research and studies on migration of Indian workers for overseas employment and supports informed […]
Uttar Pradesh emerges as 5th largest export giant in India
NEW DELHI: Converting challenges into opportunities is his identity and in this regard, Uttar Pradesh (UP) Chief Minister Yogi Adityanath with his hard work and visionary leadership has done every possible thing to change the COVID-19 pandemic crisis into a good time. Under the guidance of CM Yogi, many exporters of the state left no […]
Joe Biden to propose 8-year citizenship path for immigrants
By Lisa Mascaro and Bill Barrow WASHINGTON: US President-elect Joe Biden plans to unveil a sweeping immigration bill on Day One of his administration, hoping to provide an eight-year path to citizenship for an estimated 11 million people living in the country without legal status, a massive reversal from the Trump administration’s harsh immigration policies. […]
East Delhi Municipal Corporation panel rejects new taxes proposed in budget
NEW DELHI: The Standing Committee of the cash-strapped East Delhi Municipal Corporation (EDMC) on Monday rejected the three new taxes, including a professional tax and a betterment tax, proposed in its annual budget to augment its revenue. Additional Commissioner Alka R Sharma had presented the budget in December in which an education cess of five […]
Amit Shah to launch Ayushman CAPF healthcare scheme on January 23
NEW DELHI: Union Home Minister Amit Shah is expected to launch the Ayushman healthcare scheme for central paramilitary force personnel in Assam later this week, official sources said. They said Shah will hand over the first Ayushman health cards to the chiefs, a sub-officer and a jawan of each of the central armed police forces […]
Kamdhenu Group launches ‘Kamdhenu Nxt’ in Delhi and Haryana
NEW DELHI: Kamdhenu Group, a well-diversified group in steel and paint, launched its premium brand ‘Kamdhenu Nxt’ – the next generation high-end interlock steel TMT bar in the market of Delhi and Haryana. With this, the company intends to capture a sizable market share in these two markets. Satish Kumar Agarwal – Chairman and Managing […]
TOTAL acquires 20 per cent stake in Adani Green Energy
NEW DELHI: Adani Group on Monday said global energy major TOTAL has acquired a 20 per cent equity stake in Adani Green Energy Ltd. The purchase of 20 per cent minority interest by TOTAL was done “via the acquisition of shares held by the Adani Promoter Group in Adani Green Energy Limited (AGEL),” a statement […]
3 Adani Group-owned domestic airports accredited in ACI health accreditation programme
NEW DELHI: Three Adani Group-owned domestic airports in Ahmedabad, Lucknow and Mangaluru have been accredited in the Airports Council International (ACI) Airport Health Accreditation (AHA) programme, a release said on Monday. The ACI programme enables airports to demonstrate to passengers, staff, regulators, and governments that they are prioritising health and safety in a measurable and […]
The Quorum launches in Mumbai
NEW DELHI: The Quorum, a lifestyle club that opened in Gurgaon in 2018, today announced the launch of its second club, in Mumbai. With an anticipated opening date in April 2021, The Quorum in Mumbai aims to introduce and further extend its unique blend of hospitality and philosophy of being community-led, content-driven, design-focused and experiential, […]
Three UK partners with TCS to accelerate 5G network rollout
NEW DELHI: Tata Consultancy Services (TCS) has announced that it has been selected by Three UK, one of the UK’s leading mobile network carriers, to help the latter configure its mobile network for its ongoing rollout of 5G services. Three is in the process of deploying a new 5G radio access network which is already […]
Proposed tractor rally on January 26: It’s law & order matter, says Supreme Court on plea for injunction against it
NEW DELHI: The Supreme Court told the Centre (Narendra Modi government) on Monday that the proposed tractor rally on the Republic Day by farmers protesting against the new farm laws is a law and order matter and Delhi Police is the first authority to decide who should be allowed to enter the national capital. A […]
Don’t join WhatsApp if not accepting new policy: Delhi High Court
NEW DELHI: The Delhi High Court on Monday said accepting the new privacy policy of social messaging app WhatsApp was a “voluntary” thing and one can choose not to use or join that platform if one did not agree with its terms and conditions. “It is a private app. Don’t join it. It is a […]
China economy grows in 2020 as rebound from Covid-19 virus gains
By JOE McDONALD BEIJING:China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with disease flare-ups. Growth in the three months ending in December rose to 6.5% […]