NEW DELHI: The Reserve Bank of India (RBI) proposal to allow large corporate houses creating banks is a “bomb”, former RBI governor Raghuram rajan and former lieutenant governor Viral Acharya wrote in a joint article Monday. Emphasizing the need to adhere to tried and true limits on business involvement in …
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NEW DELHI: The Covid-19 pandemic has caused behavioral changes in people’s lives. Social distancing, working from home, online classes are some obvious examples of a new Covid normal. However, it is the economy and related activities that have been most affected by the coronavirus-induced lockdown and subsequent reopening in a …
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NEW DELHI: Hong Kong has suspended Air India (AI) flights for the fifth time, now from Friday to December 3. The Chinese Special Administrative Region (SAR) suspends the flights of any airline whose five or more passengers test positive on arrival for two weeks. The latest restriction on AI occurs …
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MUMBAI: Countries are losing more than $ 427 billion in tax every year due to international corporate tax abuse and private tax evasion. Annual of India tax loss totals to $ 10.3 billion. These are the findings of the first study led by The Tax Justice Network (TJN), which is …
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MUMBAI: The Competition Commission of India (ITC) on Friday authorized the oil giant to telecommunications Dependency industries‘offer to buy Future groupretail assets even as Amazon.com sought to block the potential deal, claiming contractual violations by the latter. India’s antitrust body is a setback for US giant Amazon, which has argued …
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BENGALURU: Minister of Communications and Informatics of the Union Ravi Shankar Prasad He said that Apple has come to India in a big way. At the opening session of the 23rd Bengaluru Technology Summit held virtually on Thursday, he said that even during the Covid period, “nine operating units, along …
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NEW DELHI: India’s airlines and airport operators have started preparing for the mammoth task of bringing Covid vaccines across the country. While it will be “difficult” to meet Pfizer’s minus 70 degrees Celsius requirement for their vaccines, they are preparing to set up cold chain storage for jab work that …
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NEW DELHI: India will be hit hardest among the world’s major economies even after the pandemic subsides, with production 12% below pre-virus levels in the middle of the decade, according to Oxford Economics. The balance sheet stress that had been building up before the coronavirus outbreak is likely to worsen, …
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NEW DELHI: Reserve Bank of India (RBI) designated administrator for Lakshmi Vilas Bank Tennessee Manoharan on Wednesday he said the lender has enough liquidity to pay its depositors. The top priority is to assure LVB depositors that their money is safe, Manoharan said, adding that he is confident of the …
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WASHINGTON: Indian students contributed $ 7.6 billion to the American economy in the 2019-20 academic year, even though there was a 4.4 percent drop in the total number of Indian students, according to a report. China remained the largest source of international students in the US, and the number of …
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