Kamal Nath sworn in as 18th chief minister of Madhya Pradesh
NEW DELHI: Congress leader Kamal Nath was Monday sworn in as Madhya Pradesh chief minister at a ceremony attended by a galaxy of leaders. Governor Anandiben Patel administered the oath of office to 72-year-old Nath, who led the Congress to victory in the recently-concluded state Assembly polls. No other minister took oath along with him. […]
India extends USD 1.4 billion assistance to Maldives
NEW DELHI: Prime Minister Narendra Modi on Monday announced USD 1.4 billion financial assistance to Maldives after he held extensive talks with President Ibrahim Mohamed Solih during which both sides vowed to deepen security cooperation in the Indian Ocean region. The two countries also inked four pacts, including one on visa facilitation. “We held successful […]
Ashok Gehlot sworn in as Rajasthan Chief Minister
JAIPUR: Senior Congress leader Ashok Gehlot was on Monday sworn in as the chief minister of Rajasthan at a ceremony here, while Sachin Pilot took oath as a cabinet minister. The party announced that Pilot will be the state’s deputy chief minister. Rajasthan Governor Kalyan Singh administered the oath of office to Gehlot and Pilot […]
RBI’s forex reserves marginally up to $393.734 billion
NEW DELHI: India’s foreign exchange reserves increased by $ 16.6 million to $393.734 billion in the week to 7 December, mainly due to a rise in foreign currency assets, according to the Reserve Bank of India (RBI) data. In the previous week, the reserves had increased by $932.8 million to $393.718 billion. In the reporting […]
India Post announces full-fledged entry into e-commerce
NEW DELHI: India Post on Wednesday announced full-fledged entry into e-commerce business, where it will leverage its parcel business for end-to-end delivery of products. “We have simplified decision-making process at Department of Posts (DoP) by setting up a separate parcel directorate. It can make quick decision on parcel rates and related provisions. India Post will […]
Public sector banks do not have any plan to close ATMs
NEW DELHI: Public Sector Banks (PSBs) do not have any plans to shut down their ATMs, Minister of State for Finance Shiv Pratap Shukla informed Parliament. The statement assumes significance amidst a report by the Confederation of ATM industry (CATMi) warning that nearly half of the 2.38 lakh machines run the risk of closing down […]
Kia Motors, MG Motor debut at Autocar Performance Show
MUMBAI: The 13th edition of the Autocar Performance Show commenced in Mumbai on Thursday, with two international brands—Kia Motors of Korea and MG Motor of the UK—showcasing some of their cars on their debut at the four-day long event. While Kia has brought in the hot Stinger four-door and the Sportage SUV, the MG Motor […]
Swiggy, Zomato, UberEats and Foodpanda remove 10,500 restaurants for violating food safety law
NEW DELHI: As many as 10,500 restaurants have been de-listed by e-commerce firms like Zomato and Swiggy for not having license or registration under the food safety law, Parliament was told on Friday. Minister of state for health Ashwini Kumar Choubey said the Food Safety and Standards Authority of India or FSSAI in July directed […]
Cement may become cheaper, GST Council meeting next week
NEW DELHI: The GST Council is likely to rationalise the 28% slab by cutting tax rates on construction items, like cement, in its meeting next week. The council, chaired by Finance Minister Arun Jaitley and comprising his state counterparts, has pruned the 28% slab by cutting tax rates on 191 goods over the last one-and-a-half […]
‘Big’ USA-China trade deal could happen soon: Donald Trump
WASHINGTON: President Donald Trump on Friday said a major USA-China trade deal could emerge in the near future, saying that China’s position has been weakened by the economic impact of the tariffs war. “China wants to make a big and very comprehensive deal. It could happen, and rather soon!” he tweeted. Trump said that China’s […]
RBI’s solution for MSME loan woes: Public credit registry
NEW DELHI: The Reserve Bank of India (RBI) preferred fundamental changes to smoothen loan flow to micro-businesses through a public credit registry, rather than doling out forbearances, deputy governor Viral Acharya said on Saturday. The statement comes almost a month after the central board “advised” the monetary authority to consider a restructuring scheme for loans […]
Jawa opens dealerships in Pune, first in India after re-entry
NEW DELHI: Czech motorcycle brand Jawa, which re-entered the Indian market last month with the introduction of three models, on Saturday announced the launch of its first two dealerships in the country in Pune. With the two dealerships— at Chinchwad and Baner in Pune — becoming fully operational, customers can book and test-ride Jawa and […]
Bhupesh Baghel is new Chhattisgarh chief minister
NEW DELHI: Chhattisgarh Congress chief Bhupesh Baghel was Sunday appointed the new chief minister of state after days of intense deliberations with top party leadership headed by Rahul Gandhi. The announcement was made by the Congress on its official Twitter handle even when the meeting of the Legislature Party was on in Raipur. The party […]
COAI wants single audit to meet requirements of multiple agencies
NEW DELHI: Ahead of the planned special audit of telecom operators, industry body COAI has favoured a single audit exercise that meets the requirements of multiple stakeholders like the telecom department and sector regulator Trai. “The DoT is entitled to do audits and we can’t argue with that. But can we get to a point […]
Mastercard will delete Indian cardholders’ data from servers; warns of impact
NEW DELHI: Global card payments major Mastercard has proposed to the Reserve Bank a “certain” date from which it will start deleting data of Indian cardholders from global servers but warned that it would also mean weakening of “safety and security” over a period of time. In an interaction with PTI, Porush Singh, India and […]
Soon, you will be able to make calls, browse internet while flying
NEW DELHI: People will soon be able to make calls and access internet through their phones during air travel and ship voyage within Indian territory as the government has notified rules for providing such services. Indian and foreign airlines and shipping companies operating in the country can provide in-flight and maritime voice and data services […]