LONDON: Nirav modiThe story up to the UK court verdict on Thursday, just two days before his 50th birthday, is one of stark contrasts. From someone literally full of diamonds as a member of a Gujarati family of gem dealers who grew up in the European jewelry center of Antwerp …
Read More »In the midst of the fuel price spiral, 4 states call the Center with tax cuts
NEW DELHI: The Center may be facing a “dharm sankat (dilemma)” from record fuel prices. But four states have taken the lead with tax cuts to offer relief to consumers and show the Center that pump prices they have less to do with rising crude, but more to do with …
Read More »Gasoline at Rs 100: PM Modi says to reduce dependence on imports
NEW DELHI: On a day when gasoline crossed the 100 rupees mark, Prime Minister Narendra Modi said Wednesday that the middle class would not have been burdened if previous governments had focused on reducing India’s energy. dependence on imports. Without referring to the relentless rise in retail fuel prices, which …
Read More »Fiscal discipline is not ruled out, the government aims for a deficit of 4.5% by 2025-26
NEW DELHI: The government will continue on its path of fiscal consolidation and intends to achieve a fiscal deficit below 4.5% of gross domestic product (GDP) by 2025-2026, Finance Minister Nirmala Sitharaman he said in his budget speech. The government expects a fairly steady decline over the years. “We hope …
Read More »Myntra is forced to renew logo after outrage
MUMBAI: E-commerce store Myntra was forced to revamp its five-year brand after a social worker and some social media users found the letter “M,” designed with overlapping shades of pink and orange to serve as a logo for the fashion and lifestyle electronic retailer, was “indecent, derogatory and demeaning to …
Read More »Bill to ban private cryptocurrencies likely in Parliament budget session
NEW DELHI: The government is ready to introduce the Cryptocurrency Law and Regulation of the Official Digital Currency during the current session of Parliament ban private cryptocurrencies while establishing a framework for the launch of a digital currency by the Reserve Bank of India. The Lok Sabha newsletter, published on …
Read More »11% growth, a recovery ‘in the shape of us’ looms: Economic study
NEW DELHI: The Indian economy is likely to grow by 11% in 2021-22, the V-shaped recovery has been possible thanks to its Covid management strategy that focused on protecting life at the expense of a shock to short term on livelihoods. , has argued the Economic Survey for 2020-21. The …
Read More »PM Narendra Modi at the World Economic Forum: India has the ability to strengthen the global supply chain | India Business News
NEW DELHI: Prime Minister Narendra modi on Thursday he said that India has faced all difficulties in fighting the coronavirus pandemic and has the ability to strengthen global supply chains. Take the World Economic ForumDavos dialogue via video conference, Modi said that India launched ‘Aatmanirbhar Bharat Abhiyan’ with the determination …
Read More »IMF projects impressive 11.5% growth rate for India in 2021
WASHINGTON: The International Monetary Fund (IMF) on Tuesday projected an impressive 11.5 percent growth rate for India in 2021, making the country the only major economy in the world to record double-digit growth this year in middle of the coronavirus pandemic. The IMF’s growth projections for India in its latest …
Read More »TikTok, WeChat, Baidu and UC Browser Among 59 Chinese Apps Permanently Banned in India
NEW DELHI: In a radical move that may create legal challenges and increased acrimony between India and China in the digital space, the government has permanently banned 59 Chinese apps, and these are believed to include major ones such as ByteDance’s TikTok, Baidu, WeChat, UC from Alibaba Browser, Club Factory …
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