Finance Ministry in touch with RBI for market intervention to contain rupee value
NEW DELHI: The finance ministry is in touch with the Reserve Bank for market intervention to check declining value of rupee, which has weakened to a low of 72.45 to a dollar, an official said Monday. The RBI has been selling dollars to arrest declining rupee, which led to decline in forex reserves from USD […]
China promises retaliation if USA imposes more tariffs
BEIJING:China on Monday promised retaliation if United States of America (USA) President Donald Trump escalates their tariff battle, raising the risk Beijing might target operations of American companies as it runs out of imports for penalties. The threat came after Trump said Friday he was considering extending penalties to an additional USD 267 billion of […]
First 2+2 Dialogue consequential and a strategic milestone, says US official
By Lalit K Jha WASHINGTON: The first India-US 2+2 Dialogue in New Delhi was “consequential and a strategic milestone”, a senior Trump administration official said Monday, asserting that the decisions taken during the talks is generational in nature and propelled the bilateral relationship to a new level. External Affairs Minister Sushma Swaraj and Defence Minister […]
Rahul Gandhi, Manmohan Singh hit out at Narendra Modi over rising fuel prices, Congress claims bandh a big success
NEW DELHI: The Congress and other opposition parties observed a country-wide ‘Bharat Bandh’ on Monday to protest rising petrol and diesel prices and claimed it was a “grand success” due to the participation of people who have sent a message to the Narendra Modi government rejecting its policies. Top Congress leaders including party chief Rahul […]
Bharat Bandh call given to divert people’s attention from Herald case: BJP
NEW DELHI: The BJP Monday claimed that the ‘Bharat Bandh’ call given by the Congress was to divert the people’s attention from the hearing in the Delhi High Court on a matter related to the National Herald case involving its “corrupt” leaders. Welcoming the Delhi High Court’s order to dismiss pleas of Congress leaders Sonia […]
Sporadic incidents of violence during oppn-sponsored ‘Bharat Bandh’ against fuel price hike
NEW DELHI: Sporadic incidents of violence were reported Monday during a Congress-led opposition sponsored ‘Bharat Bandh’ against spiralling fuel prices that disrupted normal life mainly in Bihar, Kerala, Karnataka, Assam and Odisha. As the Congress top brass including party chief Rahul Gandhi targeted the Modi government at a protest rally in Ramlila maidan in Delhi, […]
Two independent directors of Jaypee Infratech resign
NEW DELHI: Jaypee Infratech Ltd, which is facing insolvency proceedings, Monday said that the company’s two independent directors — Keshav Prasad Rau and Basant Kumar Goswami — have resigned. While Rau has cited personal reasons for the resignation, Goswami resigned because of his growing age and indifferent health, the debt-ridden firm said in a regulatory […]
Property mapping via drones to boost transparency: Experts
MUMBAI: India’s new drone regulations are set to change the landscape of the real estate sector from December, as the 3-D mapping of properties will not just become powerful tool for marketing but will further boost transparency and accountability, industry experts say. The commercial use of drones under the recently announced DGCA norms has been […]
About 13 SEZ developers, units seek more time to implement projects
NEW DELHI: As many as 13 special economic zone (SEZ) developers and units including G P Realtors, JBF Petrochemicals and Aurobindo Pharma have sought more time from the commerce ministry to implement their projects. Decision on these proposals would be taken by the Board of Approval (BoA) for Special Economic Zones (SEZs) in its meeting […]
Aadhar Housing Finance to raise up to Rs 1,400 crore via NCDs
NEW DELHI: Aadhar Housing Finance (AHFL) Monday said it is planning to raise up to Rs 1,400 crore through non-convertible debentures (NCDs), maturing in three, five and 10 years. The base size of the issue is Rs 500 crore, with an option to retain over subscription up to Rs 900 crore. The company is offering […]
Pakistan plans to renegotiate agreements reached under China’s Belt and Road Initiative
ISLAMABAD: Pakistan Prime Minister Imran Khan’s newly elected government plans to renegotiate the agreements reached under China’s ambitious Belt and Road Initiative (BRI) as it “unfairly benefits Chinese companies”, according to a media report. The projects concerned are part of the multi-billion China-Pakistan Economic Corridor (CPEC) plan – the most ambitious part of the BRI, […]
CBI moves extradition request against Nirav Modi’s brother Nishal
NEW DELHI:The CBI has moved an extradition request to bring back Nishal Modi, the brother of fugitive billionaire Nirav Modi who is accused in USD 2-billion banking fraud case in Punjab National Bank, officials said Monday. The request was sent to the Home Ministry on Friday. The Home Minister will send it to Belgium, where […]
After Rajasthan, Andhra Pradesh announces Rs 2 cut in VAT on petrol & diesel
AMRAVATI: After poll-bound Rajasthan, the Andhra Pradesh government Monday announced a Rs 2 cut in VAT on petrol and diesel to check the mounting prices of these fuels. Chief Minister N Chandrababu Naidu announced the reduction in Value Added Tax in the state assembly. He said the state government was currently levying Rs 4 per […]
Delhi launches doorstep delivery of public services
NEW DELHI: Calling it a “historic step” and “revolutionary change”, the Delhi government on Monday launched the doorstep delivery of 40 public services for the people living in the national capital. Launching the scheme at the Delhi Secretariat, Chief Minister Arvind Kejriwal said people will now not have to waste their time standing in queues […]
RERA has changed Real Estate Sector for ever
NEW DELHI: India’s Housing and Urban Affairs Minister Hardeep Singh Puri has said that the NDA government at the centre is committed to provide positive solution to the problems of home buyers, so that they get their home as soon as possible. He was delivering the inaugural address at the “First Regional Workshop on RERA […]
Chidambaram dares BJP to contradict official data on economy
NEW DELHI:Senior Congress leader P Chidambaram Sunday dared the BJP to contradict an official data on growth which has said the economy clocked a 10.08-per cent growth in 2006-07 under the UPA rule, the highest since liberalisation in 1991. The former finance minister reacted after BJP president Amit Shah asked his party leaders to challenge […]