Developed nations must lift the deprived with financial, technical resources: India at UN
UNITED NATIONS:India on Saturday told the UN General Assembly that countries that have exploited the nature for their immediate needs cannot abdicate their responsibilities and developed nations must lift the deprived with financial and technical resources. Under-developed and developing nations are the worst victims of climate change and these neither have the capacity nor the […]
China should do more investment in India than focussing on exports: Amitabh Kant
NEW DELHI: NITI Aayog CEO Amitabh Kant on Friday urged the Chinese firms to raise their funding in Indian start-ups and said instead of focusing on exports to India they should look for raising their investments. The Chinese companies should catch up in terms of investing more in India, he said. “China remains the 17th […]
India, Uzbekistan to cement economic ties
NEW DELHI: Issues including tariff reduction to promote trade, setting up of a business council, and expansion of economic relation will be discussed during the upcoming visit of Uzbekistan President Shavkat Mirziyoyev to India. The first visit of the Uzbek President will take place early next week. “As part of intensification of economic dialogue, we […]
Trade war will help India emerge as bigger trading, manufacturing base: Arun Jaitley
NEW DELHI: India’s Finance Minister Arun Jaitley on Friday said the ongoing global trade war may have created initial instability , but will gradually open up opportunities for India as a bigger trading and manufacturing base. Calling on businesses to adopt ethical practices, Jaitley said that entities should pay their due share of taxes as […]
BMW launches two new bikes in India, priced up to Rs 14.4 lakh
NEW DELHI: BMW Motorrad, the premium motorcycle arm of German luxury car maker BMW Group, today launched all-new F750 GS and F850 GS models in India, priced between Rs 11.95 lakh and Rs 14.4 lakh (ex-showroom). The two models will be available as completely built-up Units (CBU) and can be booked at BMW Motorrad dealerships […]
India approves Rs 8,606 crore for border infrastructure, management
NEW DELHI: The government of India has approved Rs 8,606 crore for 60 projects being implemented under the umbrella scheme of Border Infrastructure and Management (BIM) to meet special development needs of people living in those areas, officials said on Wednesday. The projects are being implemented in 17 states having the international borders with Pakistan, […]
India’s economy continues on robust growth path: ADB
NEW DELHI: India’s economy continues on a robust growth path, the Asian Development Bank (ADB) said Wednesday while maintaining the growth forecast for the current fiscal at 7.3 per cent. However, depreciation of the rupee and volatile external financial markets pose challenges, the multilateral lending agency added, in an update of its flagship annual economic […]
India-Pakistan trade potential stands at $ 37 billion: World Bank
ISLAMABAD: The trade potential between India and Pakistan stands at $37 billion, according to a World Bank report which said that continued political tensions and lack of normal trade relations between the two nations have cast a shadow over cooperation efforts within South Asia. The report ‘A Glass Half Full: The Promise of Regional Trade […]
India’s urban areas facing multi-pronged challenges in ensuring housing for all
NEW DELHI: India’s urban areas are facing multi-pronged challenges and a “complex ecosystem” in ensuring housing for all, Union minister Hardeep Singh Puri said on Tuesday. Speaking at Project Managers Global Summit 2018 on ‘Powering India’s Breakthrough Growth: New Dimensions in Project Management’ here Tuesday, Puri said meeting these challenges require efficient project management which […]
Moto One Power launched in India
NEW DELHI: US smartphone maker Motorola said that it has launched its latest smartphone- Moto One Power at Rs 15,999 in India. The device comes with 4GB RAM and 64GB internal storage. The main highlight of the smartphone is its 5,000mAh battery and its OS—Android One. The phone has a 6.2-inch FHD+ screen with that […]
India may cut oil imports to mitigate pain from high oil prices, dip in Indian rupee
NEW DELHI: India, the world’s third-biggest oil importer, is considering cutting oil purchases to soften the blow from high crude oil prices and declining rupee, Indian Oil Corp (IOC) Chairman Sanjiv Singh said on Monday. State refiners are looking at optimising crude oil inventory levels without in any way affecting fuel supplies in the domestic […]
Fitch ups India’s growth forecast to 7.8% for FY19
NEW DELHI: Fitch Ratings on Friday upped India’s growth forecast for the current fiscal to 7.8 per cent, from 7.4 per cent projected earlier. In its Global Economic Outlook, Fitch, however, flagged tightening of financial conditions, rising oil bill and weak bank balance sheets as headwinds to growth. “We have revised up our forecast for […]
India, China need to work together
KOLKATA: Consul General of People’s Republic of China in Kolkata Maa Zhanwu has said his country along with India needed to work together for greater welfare of the world. The relations between the two countries have seen much progress and the meeting with India Prime Minister Narendra Modi and Chinese President Xi Jinping in July […]
India signs air services agreement with Morocco
NEW DELHI: India and Morocco have signed the revised Air Services Agreement between the two countries enabling greater connectivity through a modernized agreement. The delegation of the two countries have met three times in the past years wherein they have worked towards liberalization of markets between the two countries and updating of the existing Air […]
Mastercard, Mahendra Singh Dhoni team up to accelerate digital payments in India
NEW DELHI: Cricketer Mahendra Singh Dhoni (MSD) has joined Mastercard’s ongoing efforts to build a Less-Cash India. Under this partnership, MSD, along with Mastercard will build awareness about digital payments through a Cash-to-Digital campaign. The campaign will aim to educate consumers and merchants about the convenience, wide acceptance, and safety and security features of debit […]
India signs S$ 74 million financing loan agreement with World Bank
NEW DELHI: A Loan Agreement for IBRD Credit of US$74 million equivalent for the Uttrakhand Workforce Development Project (UKWDP) was signed with the World Bank here today. The Loan Agreement was signed by Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India on behalf of the Government of India […]