NEW DELHI: The World Bank on Thursday kept its growth forecast for India unchanged at 6.7 per cent for FY26, maintaining that the country will remain the fastest-growing major economy for next two years. “The services sector is expected to enjoy sustained expansion, and manufacturing activity is anticipated to...
NEW DELHI: Prime Minister Narendra Modi will distribute over 6.5 million property cards under the Centre’s SVAMITVA (Survey of Villages and Mapping with Improvised Technology in Village Areas) scheme to property owners in over 50,000 villages on January 18, the government said on Thursday. The step is one of...
NEW DELHI: The county’s oil and gas industry has sought supportive regulatory reforms to compensate for losses incurred by downstream companies on the sale of auto fuels, and reducing the cess on crude oil production. “The oil marketing companies’ expect an adequate budgetary provision to compensate for losses incurred...
MUMBAI: With the rupee under intense pressure against the dollar, the Reserve Bank of India (RBI) has further liberalised the FEMA (foreign exchange management) rules to encourage its use to settle cross-border transactions. The rupee has lost over 3.5% to the greenback this fiscal so far, most of which...
NEW DELHI: In a major development, the union cabinet on Thursday approved the Protection and Enforcement of Interests in Aircraft Objects Bill which will allow aircraft leasing companies to repossess aircraft in case of non-payment of lease rental by an airline. The bill will give primacy to the Cape...
NEW DELHI: Appellate tribunal NCLAT on Thursday admitted the petitions filed by Meta Platforms and Whatsapp against an order passed by fair trade regulator CCI which imposed a penalty of Rs 213.14 crore for abuse of market dominance. After hearing the initial submissions from Meta and CCI (Competition Commission...
NEW DELHI: Union Road Transport and Highways Minister Nitin Gadkari on Thursday said faulty road construction should be made a non-bailable offence and road contractors and engineers should be held responsible for accidents and sent to prison. Addressing an event organised by industry body CII, Gadkari further said India...
NEW DELHI: Industry body FICCI on Thursday lowered India’s growth projection for the current financial year to 6.4 per cent from 7 per cent estimated earlier. According to FICCI’s Economic Outlook Survey, the revised projection is in line with the broad expectations and reflect a notable slowdown vis-à-vis 8.2...
NEW DELHI: Media house DB Corp Ltd on Thursday reported 4.65 per cent decline in consolidated net profit at Rs 118.21 crore for the third quarter ended December 2024. The company had posted a profit of Rs 123.97 crore for the October-December period a year ago, according to a...
MUMBAI: Equity benchmark indices Sensex and Nifty rallied for the third session on the trot on Thursday, helped by a rally in global markets after lower-than-expected consumer inflation in the US ignited hopes of more rate cuts by the Federal Reserve. Intense buying in Reliance Industries, ICICI Bank and...
By Nitya Chakraborty The announcement on Gaza between Israel and Hamas just five days before the inauguration of Donald Trump as the President of USA on January 20 has baffled many leaders of the peace movement as also left liberal political analysts as to how to properly assess the...
By Dr. Gyan Pathak Deteriorating health condition of the farmer leader Jagjit Singh Dallewal, who has been fast-unto-death hunger strike since November 26, 2024, has become a matter of serious concern, since he has been willing to end his hunger strike if Prime Minister Narendra Modi led government agrees...
By P. Sudhir The GDP growth figures being officially put out are suspect, given the fact that the calculation is based on an implicit inflation rate that is not even a fourth of that emerging from the Consumer Price Index (CPI). But despite such manipulated figures, the fact cannot...
By Arun Srivastava Rahul Gandhi has come under severe attack from the saffron ecosystem for using the word “the state” while identifying the challenges and ideological threat the country and its people face today. Rahul is not a Marxist. But his remark “We are now fighting the BJP, the...
By Pradeep Kapoor LUCKNOW: “Sangathan Srajan” Is the new mantra for Congress leaders and workers for building the organisation to face Uttar Pradesh Assembly polls in 2027.Although it is a big challenge for UP Congress leadership to achieve this task but AICC general Secretary incharge of UP Avinash Pande...
By Sushil Kutty Leader of Opposition in the Lok Sabha, Rahul Gandhi, returned from wherever he was marking New Year from and promptly stirred the hornet’s nest, which is from where the BJP, RSS and the “Indian State” are forever in conflict with the Congress, the party which fought...
By Satyaki Chakraborty The global economy is set to face significant challenges in 2025, with 56% of chief economists surveyed expecting conditions to weaken, according to the latest Chief Economists Outlook from the World Economic Forum. Only 17% foresee an improvement, pointing to heightened uncertainty in key regions and...
By W. T. Whitney Jr. WASHINGTON DC: Only days before he will leave office, President Joe Biden on January. 14 finally removed Cuba from the U.S. list of “State Sponsors of Terrorism” (SSOT). Designating Cuba as a terrorist state has long been a part of the U.S. blockade against...