India expected to become USD 7 trillion economy in seven years: CEA
NEW DELHI: India’s Chief Economic Advisor (ICA) V Anantha Nageswaran said on Monday that the Indian economy will be USD 3 trillion by the end of the current 2022-23 fiscal and is expected to be USD 7 trillion in the next seven years. The government had previously said India would become a USD 5 trillion […]
Demonetisation enforced after extensive talks with RBI: Modi government tells Supreme Court
NEW DELHI: The 2016 demonetisation was a “well-considered” decision and part of a larger strategy to combat the menace of fake money, terror financing, black money and tax evasion, the Union government has told the Supreme Court. Defending its decision to demonetise currency notes of Rs 500 and Rs 1,000 denominations, the Centre told the […]
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 […]
West Bengal breached borrowing limit by seeking loan of Rs 10, 000 crore from RBI: BJP
KOLKATA: Leader of Opposition Suvendu Adhikari on Friday claimed that West Bengal has “breached its borrowing limit” under the Fiscal Responsibility & Budget Management (FRBM) Act by making a loan request of Rs 10,000 crore to the Reserve Bank of India (RBI). Taking to Twitter, the BJP MLA from Nandigram urged the union finance ministry […]
Madhya Pradesh government presents Rs 2.79 trillion tax-free budget; focus on infra, child welfare
NEW DELHI: No new tax was proposed in Madhya Pradesh’s Rs 2.79 lakh crore budget for 2022-23 presented in the Assembly on Wednesday, while Finance Minister Jagdish Devda made substantial allocations for infrastructure at Rs 42,128 crore, for health at Rs 19,405 crore besides Rs 32,843 crore for education in the next fiscal. For the […]
Congress, BJP trade charges over ABG Shipyard bank fraud
NEW DELHI: The Congress on Sunday targeted the Modi government over the Rs 22,842-crore bank loan fraud case of Gujarat-based ABG Shipyard, alleging complicity of those sitting in the highest echelons of power, but the BJP hit back saying the loans were given to the accused company during the UPA rule. On February 7, the […]
Neither PM nor finance minister know economics: BJP MP
MATHURA: BJP MP Subramanian Swamy here on Monday criticised his party’s government at the Centre, saying neither the PM nor the finance minister know economics. He also held the Union finance minister responsible for the price rise it the country, saying she does not consult anyone. “The government does not understand economics, neither the PM […]
India’s GDP growth at 8.4 per cent in July-September
NEW DELHI: India’s economic growth slowed to 8.4 per cent in the second quarter of 2021-22, mainly due to waning low base effect, official data showed on Tuesday. The GDP growth in April-June quarter this fiscal stood at 20.1 per cent. The Indian economy had contracted by 24.4 per cent in April-June last year. The […]
Narendra Modi inaugurates 9 Medical Colleges in Uttar Pradesh
NEW DELHI: Prime Minister Narendra Modi inaugurated 9 Medical Colleges in Siddharth Nagar, UP. These nine medical colleges are in the districts of Siddharthnagar, Etah, Hardoi, Pratapgarh, Fatehpur, Deoria, Ghazipur, Mirzapur and Jaunpur. Governor and Chief Minister of Uttar Pradesh. Addressing the event, the Prime Minister said the Union Government and the Government of Uttar […]
India spends Rs 17,691.08 crore in 157 new approved Medical Colleges since 2014
NEW DELHI: The Government of India has given a nod to as many as 157 new medical colleges in India since 2014 and has invested a total of Rs 17,691.08 crore on these projects. On completion, nearly 16000 undergraduate medical seats would be added. Of these, 6500 seats have already been created with the functioning […]
Government paying Rs 20 crore daily on Air India, wants quick handover: DIPAM Secretary
NEW DELHI: Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM Secretary Tuhin Kanta Pandey said what Tata […]
Modi government could withdraw new farm laws considering upcoming Uttar Pradesh polls: BJP leader
NEW DELHI: A BJP leader has supported farmers’ agitation against the three new farm laws and said that the BJP-led Narendra Modi government (central government) could withdraw them keeping in mind Uttar Pradesh assembly polls. “The demands made by the farmers are right. Keeping in mind the assembly polls and anger among the farmers, the […]
Basavaraj Bommai to take oath as Karnataka Chief Minister at 11 am on Wednesday
NEW DELHI: Newly appointed leader of the BJP legislature party Basavaraj Bommai on Tuesday said Governor Thaawarchand Gehlot has invited him to form the government and he will take oath as Chief Minister at 11 AM on July 28. “I have informed the Governor about my election as the leader of the legislature party. He has […]
Gorakhpur most favoured industrial destination after Noida
LUCKNOW:Gorakhpur is now emerging as the most favoured destination in Uttar Pradesh for industrialists after Noida. Gorakhpur, which is the home of Chief Minister Yogi Adityanath, has seen 259 small and big industrialists of the country acquiring land from Gorakhpur Industrial Development Authority (GIDA) to set up their factories in the district. According to the […]
Modi government to take up 31 Bills during Monsoon session beginning Monday
NEW DELHI: As many as 31 Bills, including two related to finance, six on Ordinances are likely to be taken up by the Narendra Modi government (Centre) during the Monsoon Session of Parliament that will commence from Monday while the Opposition has demanded discussions on a host of issues including the Covid-19 situation and threat […]
Rao Inderjit Singh takes charge as Union Minister of State in Ministry of Corporate Affairs
NEW DELHI: Rao Inderjit Singh took charge as Union Minister of State in the Ministry Corporate Affairs (MCA). Before taking charge as Union Minister of State for MCA, Singh already holds Union Minister of State (Independent Charges) for Ministry of Statistics and Programme Implementation as also for the Ministry of Planning. Singh is a Member […]