Kaushik Basu says manipulation of World Bank’s Doing Business ranking is ‘shocking’
NEW DELH: Terming allegations of manipulation of World Bank’s Doing Business Ranking as ‘shocking’, former chief economist of World Bank Kaushik Basu said on Saturday that pressure was there from governments during his tenure, but the multilateral institution never gave in. The World Bank Group has decided to discontinue publication of its Doing Business (DB) […]
Najafgarh – Dhansa Bus Stand section on the Grey Line of Delhi Metro inaugurated
NEW DELHI: The Najafgarh – Dhansa Bus Stand section on the Grey Line of Delhi Metro was inaugurated today by the Union Minister of Housing and Urban Affairs& Petroleum and Natural Gas Hardeep Singh Puriand the Chief Minister of Delhi Arvind Kejriwal,via video conferencing. The Dhansa Bus Stand is an underground station and an extension […]
Income Tax Department alleges Sonu Sood, associates evaded Rs 20 crore tax, violated FCRA
NEW DELHI: The Central Board of Direct Taxes (CBDT) on Saturday alleged that actor Sonu Sood and his associates evaded tax of Rs 20 crore and claimed that after the Income Tax (IT) Department raided him and a linked Lucknow-based infrastructure group it was found that he routed his “unaccounted income in the form of […]
CVC recommends implementation of ‘Integrity Pact’ in all government procurements
NEW DELHI: The Central Vigilance Commission (CVC) has made the recommendation for implementing the Integrity Pact (IP) in all public procurements by the various Ministries and the Departments. IP helps governments and companies to reduce the high costs and maintain quality control. IP adoption creates public confidence and trust in the decision-making process. In its order […]
Tata Consultancy Services to invest Rs 690 crore in Innovation Park in Kochi
NEW DELHI: In a big boost to the Kerala government’s bid to attract investment, leading IT services provider Tata Consultancy Services (TCS) has agreed to invest Rs 690 crore to set up an Innovation Park in Kochi. The state government has allotted 36.84 acres of land to TCS Ltd for setting up a unit for […]
India’s forex reserves down by USD 1.34 billion to USD 641.113 billion
NEW DELHI: After reaching a record high in the previous week, the country’s foreign exchange reserves declined by USD 1.34 billion to USD 641.113 billion in the week ended September 10, 2021, according to RBI data. In the previous week ended September 3, the reserves had surged by USD 8.895 billion to a life time […]