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Finance Minister Sitharaman tables ‘white paper’ on Indian economy in Lok Sabha

New Delhi: Finance Minister Nirmala Sitharaman presented a ‘White Paper on the Indian Economy’ in the Lok Sabha on Thursday in a bid to highlight the government’s assertion that the nation slipped into the category of “fragile five” economies globally during the 10-year tenure of the previous Congress-led UPA regime between 2004 and 2014. According…

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RBI says no systemic worries, action on Paytm due to “persisted non-compliance”

Mumbai: Reserve Bank Governor Shaktikanta Das on Thursday said there are no systemic worries and the action on Paytm was driven by a “lack of compliance” at Paytm. Deputy Governor Swaminathan J said the actions against the fintech have been taken due to “persisted non-compliance”. The Governor declined to specify the specific shortcomings resulting in…

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Demon RTD set to Stir & Shake the Category

Panaji: “Future-perfect, the Ready-to-Drink (RTD) Cocktails would grow from a relatively unknown category to one of the best-selling sub-categories in India,” says Dr. Mohan Krishna founder of Cheers group, and he adds “there would be a ‘significant shift’ to RTD from the beer category and as well from the overall spirit connoisseurs on the plank…

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TMC dubs budget as ‘election gimmick’

Kolkata: The Trinamool Congress on Thursday dubbed the interim budget as an “election gimmick” ahead of the Lok Sabha polls and urged the BJP to “stop political theatrics and prioritise human welfare”. Senior TMC leader and minister in the West Bengal government, Chandrima Bhattacharya, expressed the party’s discontent, highlighting “alarming statistics” on farmer suicides. “Data…

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