NEW DELHI: Deloitte India on Wednesday said it expects GDP growth in the current fiscal to be in the range of 6.5-6.8 per cent primarily due to upcoming festive spending as well as higher government expenditure before the national elections mid-next year. In its India economic outlook report, released...
NEW DELHI: India and the United Kingdom (UK) are unlikely to ink the much-anticipated trade deal by the end of October as differences are yet to be ironed out, it is learnt. A top official aware of the development told Business Standard Wednesday late evening that although negotiations are...
NEW DELHI: India and China are projected to jointly contribute about half of the world’s growth in both 2023 and 2024, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook (Asia and Pacific) report. India’s economy is projected to grow at 6.3% in FY24 and FY25...
NEW DELHI: The Telecom Regulatory Authority of India (Trai) is soon expected to start the consultation process to set the reserve price for new spectrum bands, identified by the department of telecommunications (DoT) in 37-37.5 GHz, 37.5-40 GHz, and 42.5-43.5 GHz, according to government officials. The process could take...
NEW DELHI: The government will take a calibrated approach on cryptocurrency and is not going to rush ahead despite the recommendations of a synthesis paper prepared by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) having been accepted by G20 finance ministers and central bank governors...
By Nitya Chakraborty The Hamas-Israeli war entered its 12th day on Wednesday with the clashes between two sides intensifying leading to all the possibility of being turned into a dreadful regional war. So far more than three thousand Palestinians have been killed, including about five hundred who were killed...
By K Raveendran Four judgments from a five-member bench: that’s enough to indicate the complexities and confusion about the Supreme Court’s decision on the keenly-awaited same sex marriage issue. Overflowing with ‘agreements and disagreements’, the diverse verdicts, however, betray a certain degree of predictability. As Chief Justice D Y...
By James M Dorsey Human beings’ most destructive instincts – survival, anger, fear, despair, and vengeance – dictate Israeli and Palestinian war strategy and policy in the wake of Hamas’ October 7 brutal attack on Israel. The dominance of emotions produces an environment in which one atrocity justifies another...
By Girish Linganna One of the saddest days in contemporary Israeli history happened during the Simchat Torah festival on October 7, 2023. Hamas militants launched an air, land and sea attack on the territory of the Jewish state exactly 50 years to the day after the Yom Kippur War,...
By Dr. Gyan Pathak The issue of lying and dividing people is in sharp focus in the Rajasthan election campaign. The Congress Chief Mallikarjun Kharge has accused the BJP and PM Narendra Modi of lying and dividing people. PM Modi, in all-out attack, said that Congress government under CM...
By Sushil Kutty All those who watch Sansad TV know Trinamool MP Mahua Moitra. Even Rajya Sabha Members of Parliament. But Lok Sabha MPs get to see her in action first-hand, which is like watching the Gaza Strip skyline at night. Sparks fly every other minute and then the...
By Tirthankar Mitra Without going into the veracity of the statement that whether America sneezes, the world catches cold holds good now, the existing affairs indicate that all is not well in the US Senate. It finds itself immobilised in an internal dissension. The resulting dysfunction could not have...
By Harihar Swarup Jaggy Shivdasani, 65, was the oldest Indian medallist at the Asian games in Hangzhou, where he and his team won a silver in bridge. He was also the youngest Indian champion: he set that unbroken record at the age of 18, winning the Holkar Trophy in...
The Food Safety and Standards Authority of India (FSSAI) has waived the need for clearances for certain imported ingredients and food items. In an advisory, the food safety authority said the customs department would no longer need to obtain FSSAI clearances for food ingredients or items that are imported...
The Reserve Bank on Tuesday tightened the customer due diligence (CDD) norms by asking banks and regulated entities to adopt a risk-based approach for periodic updation of KYC. After a review, the central bank has made amendments to the Master Direction (MD) on Know Your Customer (KYC). Regulated Entities...
NEW DELHI: The demand for steel in India is expected to register a ‘healthy growth’ of 8.6 per cent against the overall global rise of 1.8 per cent in 2023, worldsteel said on Tuesday. It forecasts that global steel demand will grow 1.8 per cent in 2023 and reach...
NEW DELHI: The three-day India Mobile Congress (IMC) will showcase the widening convergence of telecom with new domains, such as semiconductors and deep tech, P Ramakrishna, the forum’s chief executive officer, said on Tuesday. With more than 250 global and domestic exhibitors, the seventh edition is expected to draw...
MUMBAI: There is still some way until India’s dependence on imports of active pharmaceutical ingredients (APIs) and intermediates from China reduces, but the growth rate of imports has come down. While the production-linked incentive (PLI) scheme for bulk drugs (APIs) has boosted local production of some key APIs here,...