GDP growth to be flat at 6.8% in FY20: Report
NEW DELHI: The economy will not be able to achieve the official forecast of 7 percent growth in FY20, making it a second consecutive year of sub-7 percent expansion, says a report. Singaporean lender DBS estimates FY20 growth to stay at 6.8 percent, the same as FY19. The economic survey earlier this month had pegged […]
No such request made by Narendra Modi: Jaishankar on Donald Trump’s claim
NEW DELHI: Amid a massive controversy over US President Donald Trump’s claim on Kashmir mediation, India Tuesday said Prime Minister Narendra Modi never made any such request to the US leader and reiterated that Kashmir is a bilateral issue. External Affairs Minister S Jaishankar said in Rajya Sabha that all outstanding issues between India and […]
US lawmaker apologises for Donald Trump’s “embarrassing” claim on Kashmir
WASHINGTON: An influential Democratic Congressman on Tuesday apologised to India’s US envoy for President Donald Trump’s “embarrassing” remarks on Kashmir, while several others came out in support of New Delhi’s established stand against any third-party role on the issue. “I just apologised to Indian Ambassador Harsh Shringla for Trump’s amateurish and embarrassing mistake,” Congressman Brad […]
Trump claims Modi asked him to mediate in the Kashmir dispute between India and Pakistan
WASHINGTON: US President Donald Trump has offered to mediate the decades-long Kashmir dispute between India and Pakistan, a move that signals a shift in long-standing US policy that the issue must be solved bilaterally. “If I can help, I would love to be a mediator,” Trump said at the White House on Monday, where he […]
India’s second moon mission launched successfully
By S Vijay Karthik SRIHARIKOTA: Aiming to take a billion dreams to the moon, India Monday successfully launched its second lunar mission Chandrayaan-2 onboard its powerful rocket GSLV-MkIII-M1 from the spaceport here to explore the unchartered south pole of the celestial body by landing a rover. The geosynchronous satellite launch vehicle lifted-off from the Satish Dhawan […]
Banking sector facing many challenges: Nitin Gadkari
NEW DELHI: Union minister Nitin Gadkari on Saturday said that the banking sector was facing a lot of challenges on various fronts. Gadkari also listed ensuring transparency and giving returns on deposits as challenges before the banking sector. Speaking after inaugurating zonal office of Indian Bank here, the Highways and Road Transport Minister said that […]
Reliance Jio overtakes Bharti Airtel to become India’s 2nd-largest operator
NEW DELHI: Reliance Industries Ltd’s telecom unit Jio pipped rival Bharti Airtel to become India’s second-largest operator by subscribers as of May, government data showed. Jio, controlled by Asia’s richest man Mukesh Ambani, has disrupted the telecom industry in the country since it was launched in 2016, offering cheap bundles and prompting shutdowns. As of […]
Royal Orchid Hotels to open three properties in next two months
NEW DELHI: Royal Orchid Hotels on Thursday said all the three new properties it had recently signed are scheduled to open within the next two months. Out of the three properties, the hotels in Goa and Noida will be under the Regenta Central brand, while the one in Belagavi will be positioned as a Regenta […]
India to sell immovable Enemy Properties this fiscal to mop up revenues
NEW DELHI: The government of India will sell the immovable properties like land and buildings of the Enemy this fiscal to augment the divestment revenues and will also get its share from the proceeds of the non-core asset sales of the CPSEs, a top official said. “We got Rs 1,800 crore from the sale of […]
Russia to deliver S-400 missiles in 2023
NEW DELHI: Russia is likely to deliver the S-400 missile systems to India by April 2023, the government said on Wednesday. Asked about the US pressure to scrap the missile deal with Russia, the government said it takes sovereign decisions based on security challenges facing the country. “A contract has been signed on October 5, […]
India approves seven amendments to insolvency law
NEW DELHI: To ensure timely completion of resolution process as well as provide more clarity on rights, the government of India on Wednesday cleared substantial changes to the insolvency law. As many as seven amendments would be made to the Insolvency and Bankruptcy Code, which is helping in resolution of stressed assets. The amendments are […]
Pakistan reopens airspace for all civilian traffic; Indian flights to operate soon
NEW DELHI: Pakistan opened its airspace for all civilian traffic on July 16 morning, sources said, effectively removing the ban on Indian flights that were not allowed to use majority of its airspace since the Balakot air strikes in February. The move is expected to give a major relief to Air India, which suffered a […]
Pakistan, India agree on ’80 per cent and beyond’ on Kartarpur draft agreement
By M Zulqernain LAHORE:Pakistan and India agreed “80 per cent and beyond” on the draft agreement and operationalisation of the landmark Kartarpur corridor, a senior Pakistani official said Sunday after a marathon meeting between the officials of the two countries in Wagah. The corridor will connect Darbar Sahib in Pakistan’s Kartarpur with Dera Baba Nanak […]
Donald Trump accuses India of imposing tariffs on American products; says ‘no longer acceptable’
By Lalit K Jha WASHINGTON: President Donald Trump on Tuesday said India has long had a “field day” imposing tariffs on American products, which is “no longer acceptable” to the US. Trump’s terse comment came days after his meeting with Prime Minister Narendra Modi on the sidelines of the G20 Summit in Osaka on June […]
Hyundai Kona launched at Rs 25.30 lakh
NEW DELHI: South Korean auto major Hyundai Tuesday launched its full-electric SUV Kona in India priced at Rs 25.3 lakh, and sought government support for electric vehicles (EVs) for personal usage, not just for fleets. The company, which is present in the country through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), is also planning […]
Key highlights of union budget 2019-20
NEW DELHI: The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before the Parliament. The key highlights of Union Budget 2019 are as follows: 10-point Vision for the decade Building Team India with Jan Bhagidari: Minimum Government Maximum Governance. Achieving green Mother Earth and Blue […]