By Krishna Jha The unemployment rate has been rising sharply from seven percent in May to 9.2 percent in June, 2024 in our country today according to CMIE. Government is yet to offer way out from the great crisis. Though our economy is under the shadows of immense crisis,...
By Pradeep Kapoor LUCKNOW: Enthused by the success in Lok Sabha polls, in Uttar Pradesh, Samajwadi Party is in upbeat mood to take on BJP in by-elections for 10 assembly seats in near future. Although dates have not been announced for the polls but Samajwadi Party leaders and former...
By Roger McKenzie President Nicolas Maduro announced new security and defence measures across Venezuela on Tuesday to deal with the outbreak of far right violence in the country. Violence erupted on Monday following news that Mr Maduro had been re-elected president. Sunday’s vote has been verified by independent observers,...
NEW DELHI: India needs to focus on attracting mid-tech foreign direct investment (FDI) for job creation as all large economies are focusing on hi-tech FDI, and they have enough resources to allow them to provide subsidies, leading economists concurred on Wednesday in a panel discussion at the Business Standard...
NEW DELHI: The output of India’s eight key infrastructure industries expanded by 4 per cent year-on-year in June, the slowest growth in 20 months, according to data released by the Department for Promotion of Industry and Internal Trade on Wednesday. The slowdown in growth can be ascribed to factors...
NEW DELHI: Finance minister Nirmala Sitharaman Wednesday said the budget seeks to strike a fine balance among several overriding priorities and will provide impetus to local manufacturing, boost employment and raise India’s share in global growth. “Growth, employment, welfare spending, capital investments, and fiscal consolidation are given equal place,”...
The long-term forecast of India’s growth potential misses a key variable — the currency movement. Krishnamurthy Subramanian, executive director at the International Monetary Fund and former chief economic advisor, told Bhaskar Dutta and MC Govardhana Rangan in an interview that India could be a $55 trillion economy by the...
NEW DELHI: Construction companies in India are increasingly adopting digital technologies to assist project delivery, optimise internal processes and overcome the impact of industry challenges such as growing raw material costs and labour costs, a study has said. Indian companies are exploring a range of newer technologies aiding all...
KOLKATA: The Indian Jute Mills Association highlighted several pressing issues at the 32nd Standing Advisory Committee (SAC) meeting in New Delhi, including the challenges faced by the sector due to declining demand for jute bags, officials said. Key stakeholders such as representatives from the sugar and plastic industry bodies...
NEW DELHI: Union Minister of Road Transport and Highways Nitin Gadkari has requested Finance Minister Nirmala Sitharaman to withdraw the 18 per cent goods and services tax (GST) on life and medical insurance premiums. In his letter to the Finance Minister, Gadkari raised concerns of the Nagpur Division Life...
NEW DELHI: Encora has announced plans to expand its strategic relationship with Cloud Software Group to include extended product engineering and support. The pact includes product development and engineering services under a managed services model, supporting the evolving needs of global businesses of Cloud Software Group (CSG), a release...
NEW DELHI: India’s smartphone shipments fell two per cent year-on-year in June quarter, hurt by the heatwave and slower demand, as per a report by global research firm Counterpoint that showed Xiaomi reclaimed top spot in volume share and Samsung led in value terms. Notably, 5G smartphones captured their...
NEW DELHI: SoftBank-backed SaaS platform Unicommerce eSolutions Ltd will launch its Initial Public Offering (IPO) on August 6. The initial share sale will conclude on August 8 and the bidding for anchor investors will open for a day on August 5, according to the Red Herring Prospectus (RHP). The...
By Nitya Chakraborty The Middle East was thrown into an unprecedented turmoil on Wednesday as the news came of the killing of the Hamas leader Ismail Haniyeh in Teheran in the morning by unidentified gunmen in his residence. Though the Iranian government said that they were investigating the killing...
By K Raveendran Finance Minister Nirmala Sitharaman’s response to the opposition’s critique of the budget, coupled with Rahul Gandhi’s performance, has turned out to be the highlight of the debate on the budget in the Lok Sabha. The crux of the opposition’s argument was that the budget disproportionately favoured...
By Dr Arun Mitra Much was expected from the budget presented by the Finance Minister Smt. Nirmala Sitharaman on July 23, 2024. Since the BJP has lost majority in the Lok Sabha and is now dependent on others to continue to be in power, there was a hope that...
By Dr. Gyan Pathak Throwing a casteist slur against anyone is wrong. Moreover, when a former Union Minister does it against the Leader of Opposition (LoP) in the House of the People, and the Prime Minister endorses the speech containing the slur, they do inflict a personal, social and...
By Sushil Kutty Swami Vivekananda would have held his head in frustration, like Finance Minister Nirmala Sitharaman did, when the Lok Sabha descended to the level of a caste-cauldron like Kerala used to be when Vivekananda visited God’s Own Country. But unlike Vivekananda, Prime Minister Narendra Modi thought the...