NEW DELHI: The Indian economy will grow around 7 per cent in the current fiscal year and is on track to maintain a similar growth rate for several years, NITI Aayog member Arvind Virmani said on Friday. Virmani said there are new challenges facing the country and they will...
NEW DELHI: Automotive dealers body FADA on Friday urged the government to introduce vehicle depreciation benefits for individual taxpayers, saying it will not only expand the taxpayer base but also ignite automobile demand. In its pre-budget wishlist, the Federation of Automobile Dealers Associations (FADA) also asked the finance ministry...
NEW DELHI: Auto industry body SIAM on Friday sought sops to promote EVs and suggested the government to bring in additional incentives for scrapping of vehicles in the upcoming Budget. The Society of Indian Automobile Manufacturers emphasised on a growth oriented Budget with focus on greater allocation for capital...
ISLAMABAD: Pakistan and the IMF have agreed on a USD 7 billion aid package spread over more than three years to help the cash-strapped country deal with its chronic economic issues. “Building on the economic stability achieved under the 2023 Stand-by Arrangement (SBA), IMF staff and the Pakistani authorities...
NEW DELHI: State-owned Hindustan Copper Ltd on Friday said it is likely to exceed its capex target of Rs 350 crore for the ongoing fiscal year. “Although this year’s capex target is Rs 350 crore, it is expected that the company may exceed the target like last year,” the...
The Opposition INDIA bloc won 10 of the 13 seats that went to polls across seven states, backing up their strong show in the Lok Sabha elections. The BJP, which returned for a record third term at the Centre last month, managed to claim only two seats. In Punjab,...
By Nitya Chakraborty Five days after the historic mandate given by the French voters in the national elections on July 7, the process of carrying talks for a coalition government against the Far Right has become difficult with President Emanuel Macron setting his terms for building a’ Republican” majority...
By K Raveendran The Supreme Court decision on July 12 to grant interim bail to Delhi chief minister Arvind Kejriwal and leave larger issues relating to PMLA cases to the consideration of a larger bench throws further light on the intersection of politics and law enforcement in India. The...
By Sushil Kutty ‘No’, President Joe Biden is in no mood to step away from the race. Not for the sake of Vice President Kamala Harris nor for making the “Vice President Donald J Trump” gaffe. President Joe Biden mixed up names and titles at the Nato presser in...
By Arun Srivastava Some twenty years back a division bench of Patna High Court had bemoaned the absence of work culture in Bihar. The officials who have the authority to enforce the work ethics are reluctant to improve the governance and ensure that the subordinates perform. Division bench of...
By Anil Rajimwale Narendra Modi government will present the first budget of its third term on July 23 in the budget session from July 22 to August 12. The BJP-led government is widely expected to continue its policy direction claiming ‘reforms’. The dialectics of budgets and economic policies over...
By Pradeep Kapoor LUCKNOW: Chief Minister Yogi Adityanath and BJP leadership are facing biggest challenge to retain seats won by the party in the 2022 assembly polls during the coming by-elections to 10 assembly seats in Uttar Pradesh. Ten assembly seats going for by-elections are Karhal, Milkipur, Sishamau, Kaktheri,...
By Rahil Nora Chopra In the forthcoming session of parliament which commences from July 22 and scheduled to end on August 12, Congress will put forth its demand with Prime Minister Narendra Modi-led NDA government for the chairmanship of Standing Committee on Finance and Home, as previously under the...
By Tirthankar Mitra KOLKATA: The West Bengal BJP has tied itself up in knots after its tally in 2024 Lok Sabha elections came down to 12 from the figure of 18 won in 2019 elections. Intra-party recriminations have taken place and are going to be followed by change at...
MUMBAI: RBI governor Shaktikanta Das on Thursday indicated that interest rates may remain higher for longer. With a 4.75% rise in retail inflation in May, Das said that inflation numbers for June – which will be announced on Friday – are expected to be close to 5%, according to...
The Supreme Court has granted interim bail to Delhi Chief Minister Arvind Kejriwal in connection with a case under the Prevention of Money Laundering Act (PMLA) relating to the Delhi excise policy scam. The decision comes as a relief to Kejriwal, who was facing imminent arrest by the Enforcement...
NEW DELHI: India Inc will be liable to goods and services tax, applicable from October 2023, on intra-group corporate guarantees that will be 1% per annum of the value of the loan guaranteed, according to a notification that brings into effect the provision approved by the GST Council. There...
NEW DELHI: India’s public procurement portal Government e Marketplace (GeM) may also become a vehicle for the government to invite bids for work contracts. A proposal in this regard will be submitted to the commerce ministry following stakeholder consultations, chief executive officer of GeM P K Singh said on...