India’s real estate stock to reach 3.7 trillion sq.ft. in 2019
NEW DELHI: CBRE South Asia said that India continues to retain its position as the world’s fastest growing major economy, on the back of improved investor confidence and better policy reforms its Real Estate Market Outlook 2019 – India. The IMF’s database also suggested that India’s contribution to world growth has increased from 7.6% during […]
Fitch cuts India GDP growth forecast for FY20 to 6.8 per cent
NEW DELHI: Fitch Ratings on Friday cut India’s economic growth forecast for the next financial year starting April 1, to 6.8 per cent from its previous estimate of 7 per cent, on weaker than expected momentum in the economy. “While we have cut our growth forecasts for the next fiscal year (FY20, ending in March […]
India to soon start selection process for new PFRDA chairman
NEW DELHI: The government of India will soon start selection process for a new chairman of pension fund regulator PFRDA to succeed the present chief, Hemant G Contractor, whose term is slated to end in April. “The Finance Ministry will soon come out with an advertisement to find a successor to head the Pension Fund […]
Yamaha MT-15 launched in India
NEW DELHI: India Yamaha Motor unleashed the all new MT-15 (155 cc) in India during a launch program at Buddh International Circuit (BIC), Greater Noida. The new MT-15 (155 cc) mounts a liquid-cooled, 4-stroke, SOHC, 4-valve, 6-speed transmission, 155cc fuel-injected engine along with Variable Valve Actuation (VVA) system on a Delta box frame. The new […]
India bans Boeing 737 Max 8 planes after Ethiopian Airlines crash
NEW DELHI: Government of India on Tuesday grounded Boeing 737 Max 8 aircraft used by the country’s airline companies in light of the Ethopian Airlines crash that killed 157 people. SpiceJet has around 12 ‘737 Max 8’ planes in its fleet, while Jet Airways has five. “DGCA has taken the decision to ground the Boeing […]
Bird Group to open three hotels in India in next 3-4 years
NEW DELHI: Bird Group on Tuesday said it is looking to open three luxury hotels under its brand ‘Roseate Hotels and Resorts’ in India and Middle East in next 3 to 4 years and is considering acquisitions for future expansion. The group currently has six properties with three of them in India including the recently […]
Donald Trump plans to scrap preferential trade status for India, Turkey
By Lalit K Jha WASHINGTON: USA President Donald Trump has said he intends to end the preferential trade status granted to India and Turkey, asserting that New Delhi has failed to assure America of “equitable and reasonable” access to its markets, an announcement that could be seen as a major setback to bilateral trade ties. […]
Every Indian should have a proper house by 2022
NEW DELHI: The Prime Minister of India Narendra Modi has addressed the Construction Technology India Event, 2019 event at Vigyan Bhavan. The Prime Minister emphasized the commitment of the Union Government towards ensuring that every family’s dream of a home, becomes a reality and said that the need for the Global Housing Technology Challenge, was […]
India, ADB sign $926 million loan agreement for Mumbai Metro Rail Project
NEW DELHI: The Asian Development Bank (ADB) and the Government of India signed a $926 Million Loan Agreement today to operationalize two lines for the Mumbai Metro Rail System that will ease the distress of millions of commuters each day and help provide a cleaner, less congested city. The Single Largest Infrastructure Project Loan in […]
Lok Sabha Polls will be held on time
NEW DELHI: The general elections in the country will be held on time, Chief Election Commissioner (CEC) Sunil Arora said on Friday, amid tensions between India and Pakistan. The CEC is in the Uttar Pradesh capital for the past two days to review poll preparations in the state. “The election in the country will be […]
Air Canada temporarily suspends flights to India as Pakistan closes its airspace
NEW DELHI: Canada’s flag carrier Air Canada on Wednesday temporarily suspended its flights to India due to the closure of Pakistani airspace, amid escalating tensions between the two countries. Pakistan Wednesday closed its airspace for commercial flights and suspended flight operations across major airports. India also closed nine airports in Jammu and Kashmir, Himachal Pradesh […]
GST on under-construction flats slashed to 5%; affordable housing to attract 1%
NEW DELHI: In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said. The Council also cut GST rates on affordable housing to 1 per cent from the current […]
Coming Lok Sabha polls could be world’s most expensive: US think tank
NEW DELHI: The upcoming general elections in India will be the most expensive in Indian history and perhaps one of the most expensive ever held in any democratic country, a US-based expert has said. The Election Commission of India is soon expected to announce its schedule for the polls to be held to elect 543 […]
You have to blend good governance with clever politics: Arun Jaitley at Global Business Summit 2019
NEW DELHI: Debates and discussions on the unprecedented role and impact of technology in transforming businesses ruled day one of the 5th edition of The Global Business Summit being held on 22nd and 23rd February 2019 in New Delhi. Presented by The Economic Times and YES BANK and powered by Facebook, saw the presence of […]
India will stop share of its water flowing into Pakistan
NEW DELHI: Government of India has decided to stop the flow of its share of water to Pakistan from rivers under the Indus Water Treaty, a move seen as an immediate fallout of deadly terrorist attack that killed 40 paramilitary personnel in south Kashmir. Water Resources Minister Nitin Gadkari tweeted to convey the decision of […]
Narendra Modi arrives in South Korea on two-day visit to bolster strategic ties
NEW DELHI: Prime Minister Narendra Modi arrived here on Thursday on a two-day visit to strengthen India’s strategic ties with South Korea and seek to enhance bilateral cooperation in diverse areas, including trade and investment. Ahead of his visit, the prime minister described South Korea as an important partner for India’s key initiatives such as […]