New Delhi: Finance Minister Nirmala Sitharaman on Friday said India would achieve near doubling of per capita income in the next five years and witness the steepest rise in living standard of the common man in coming decades aided by structural reforms undertaken by the government in the last 10 years. Addressing the 3rd edition…
Washington: At a time when the entire world recognises that China is a non-transparent and opaque economy, some people, possibly responsible for its growing influence in the India industry, are choosing to continue to praise or defend the China story, Commerce and Industry Minister Piyush Goyal said on Thursday. Slamming the previous Congress-led government, he…
New Delhi: The Union Cabinet on Thursday approved modifications to the Productivity-Linked Reward (PLR) Scheme for major ports and dock labour board employees/workers. The modified PLR scheme applicable from 2020-21 to 2025-26 will benefit about 20,704 employees of Major Port Authorities and Dock Labour Board Employees/workers, the Ministry of Ports, Shipping and Waterways said in…
Mumbai: Equity benchmark indices Sensex and Nifty tanked in early trade on Thursday, dragged by decline in heavyweight stocks Reliance Industries, HDFC Bank, ICICI Bank and spiralling conflict in the Middle East. The BSE Sensex tumbled 1,264.2 points to 83,002.09 in early trade. The NSE Nifty slumped 345.3 points to 25,451.60. From the 30 Sensex…
Washington: The US-India CEO Forum has reaffirmed its commitment to expanding bilateral trade and commerce, driving inclusive economic growth and innovation, and fostering a resilient partnership. The Forum is co-chaired by US Secretary of Commerce Gina Raimondo and Union Minister of Commerce and Industry Piyush Goyal. The sixth edition of the Forum — a platform…
New Delhi: Think tank Global Trade Research Initiative (GTRI) stated that the conflict is already hurting India’s trade with countries like Israel, Jordan, and Lebanon. The Federation of Indian Export Organisations (FIEO) said the Iran-Israel conflict has the potential to significantly impact world trade and the global economy in several ways. “Iran is a key…
New Delhi: The government has notified April 1, 2025, as the sunset date for the anti-profiteering clause in the GST law. Also, from October 1 all pending complaints under the anti-profiteering provisions will be handled by the Principal bench of the GST Appellate Tribunal (GSTAT), instead of the Competition Commission of India (CCI), the GST…
Sri Bheemalingeshwara” is located in Bheemeshwara near Khaiwara town, which is in the Shivamogga District of Karnataka. Bheemeshwara or Bheemalingeshwara is an ancient cave temple of Lord Shiva nestled in a serene and secluded forest area in the Western Ghats. Next to the temple, there is a waterfall that plunges from a height of 50…
New Delhi: Three Adani group firms — Adani New Industries Ltd, Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd — have joined the World Economic Forum’s ‘Transitioning Industrial Clusters’ initiative, forming the Adani Mundra Cluster. This initiative aims to enhance collaboration and align the vision of co-located companies to drive economic…
Mumbai: The country’s current account deficit widened marginally to USD 9.7 billion or 1.1 per cent of GDP in April-June 2024, as against USD 8.9 billion or 1 per cent in the year-ago period, Reserve Bank of India said on Monday. The crucial number representing the country’s external sector strength has come on the heels…
