Would have thrown out China in less than 15 minutes if Congress was in power: Rahul Gandhi
KURUKSHETRA: Congress leader Rahul Gandhi on Tuesday attacked Prime Minister Narendra Modi over India’s border standoff with China, saying that if Congress been in power, it would have thrown out China from the country in less than 15 minutes. The former Congress president while addressing a public gathering at Anaj Mandi here late this evening, […]
GST Council to meet again on October 12 over compensation plan
NEW DELHI: The GST Council will meet again on October 12 to discuss and try to reach a consensus between state governments and the Centre on the borrowing options for GST compensation, Finance Minister Nirmala Sitharaman said on Monday. The decision taken to meet again in October was suggested by Bihar Deputy Chief Minister and […]
Your jobs, increments, bonuses are secure: Aditya Puri to HDFC Bank employees
NEW DELHI: HDFC Bank Managing Director and Chief Executive Officer Aditya Puri has assured employees of the country’s largest private sector lender that their jobs and bonuses are secure. Even as the COVID-19 pandemic rages on, Puri, who retires later this month, said the bank is doing well, has sufficient capital and does not have […]
Nvidia building UK supercomputer to boost COVID-19 research
LONDON:U.S. chip giant Nvidia said on Monday it is building Britain’s most powerful supercomputer, which will use artificial intelligence to help researchers solve pressing medical challenges, including those related to COVID-19. GSK and AstraZeneca, which are both involved in coronavirus vaccine research, will be two of the first pharmaceutical companies to harness the power of […]
RBI affirms currency notes potential corona carriers: CAIT
NEW DELHI: The Confederation of All India Traders (CAIT) on Sunday said that the Reserve Bank of India (RBI) had affirmed the possibility of currency notes as potential carriers of novel coronavirus and demanded government incentives for digital payments. The development comes after CAIT wrote a letter to Union Finance Minister Nirmala Sithraman on March […]
Centre to waive interest on interest during moratorium on loan up to Rs 2 crore
NEW DELHI: In a major relief to thousands of individuals and MSME borrowers, the government of India (Centre) in an affidavit informed the Supreme Court that it has taken a decision to waive “interest on interest” on loans up to Rs two crore during the six-month moratorium period. The affidavit said the only solution is […]
Delhi airport to resume flight operations at T2 terminal from October
NEW DELHI: The Delhi airport will resume flight operations at the T2 terminal from October 1, said its operator DIAL on Monday. The airport has been operating flights from the T3 terminal only since March 23, when flight operations in India were curtailed drastically due to the coronavirus pandemic. “The resumption of operations at T2 […]
India extends sugar export deadline by 3 months till December
By Laxmi Devi NEW DELHI: The government of India has given additional three months’ time till December to millers to undertake mandatory export of their sugar quota allocated for this year, a senior Food Ministry official said on Monday. For the 2019-20 marketing year ending September, the government has allowed export of 6 million tonnes […]
Telangana permits reopening bars, clubs, tourism bars
NEW DELHI:As part of the ‘unlock’ phase, the Telangana government on Friday permitted reopening bars, clubs and tourism bars with immediate effect and prescribed conditions to be followed which include provision of thermal screening at entrance of bar and hand sanitizers. “After careful examination of the matter, Government hereby permits to reopen all the Bars, […]
India suspends fresh IBC proceedings till December
NEW DELHI: In a major relief for stressed companies amid the pandemic woes, the government of India on Thursday announced the suspension of fresh insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) by three more months till December. In a gazette notification, the Ministry of Corporate Affairs (MCA) said that the suspension on operation […]
Zoom introduces new features to make video meets more interactive
NEW DELHI:Video conferencing platform Zoom on Thursday announced new features with an aim to make video communications more accessible for people to connect. The new features include multi-pinning, spotlight, new gallery view, better caption size as well as several keyboard shortcuts. Multi-pin and multi-spotlight features have been introduced to help users interact more like real […]
Russia to supply 17 more countries with COVID-19 drug Avifavir
MOSCOW: Russia’s sovereign wealth fund and its partner Chemrar will supply the COVID-19 drug Avifavir to 17 additional countries, the fund said in a statement on Thursday. Avifavir gained approval from the Russian health ministry in May and is based on Favipiravir, which was developed in Japan and is widely used there as the basis […]
Pandemic slashes worldwide income from work by a tenth: ILO
GENEVA: Income earned from work worldwide dropped by an estimated 10.7%, or $3.5 trillion, in the first nine months of 2020, compared to the same period a year ago, the International Labour Organization (ILO) said on Wednesday. The figure, which does not include income support provided by governments to compensate for workplace closures during the […]
IMF official warns coronavirus will weigh on some economies for years
By Andrea Shalal WASHINGTON:The coronavirus crisis is lasting longer than expected and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said on Wednesday. The Fund has provided some $90 billion in total financing to 79 countries, including 20 in Latin America, since the start […]
No guarantee any Covid-19 vaccine in development will work: WHO chief
GENEVA: World Health Organisation (WHO) chief Tedros Adhanom Ghebreyesus has said that the top health organisation has no guarantee whether any single Covid-19 vaccine now in development will work. While addressing a virtual press conference, the WHO chief said: “We have no guarantee that any single vaccine now in development will work.” “The more candidates […]
Don’t make refunds mandatory, airlines may collapse, Supreme Court told
NEW DELHI:India’s private airlines on Wednesday told the Supreme Court it should not be mandatory to refund the passengers, as their revenues have dropped sharply, and many customers have accepted their offer. Senior advocate Arvind Datar, appearing for GoAir, submitted before a bench comprising Justices Ashok Bhushan, R. Subhash Reddy and M.R. Shah that the […]