New Delhi: Pension fund regulator PFRDA plans to come out with a systematic withdrawal plan which will provide flexibility to pension account holders to withdraw a lump sum fund as per their choice on completion of 60 years. “It is at a very advanced stage. Hopefully, by the end of next quarter we should be…
Islamabad: Cash-strapped Pakistan has received USD 1 billion from its close ally China to support its critically low foreign reserves amidst the uncertainty to revive a stalled International Monetary Fund loan. The State Bank of Pakistan (SBP) on Friday night confirmed having received the amount from China without sharing any other details about it. It would…
Chandigarh/Amritsar: A ‘jatha’ (group) of Sikh pilgrims will leave for Pakistan on June 21 to attend Maharaja Ranjit Singh’s death anniversary congregation and also visit gurdwaras in the neighbouring country. The Shiromani Gurdwara Parbandhak Committee (SGPC) said it has received visas for 205 pilgrims for going to Pakistan and the ‘jatha’ will leave for Pakistan on…
Colombo: Sri Lanka cannot afford to resume vehicle imports since the country is still grappling with an acute shortage of US dollars, a senior minister said on Friday, nearly a week after the cash-strapped government lifted import restrictions on nearly 300 items. “The exchange rate of the US dollar is now determined by supply and demand….
New Delhi: The Securities Appellate Tribunal (SAT) has refused to give any interim relief to Essel Group chairman Subash Chandra and his son Punit Goenka against a Sebi order that barred them from holding the position of a director or key managerial personnel in any listed company. The appellate tribunal has asked Sebi to file…
New Delhi: The GST Council on July 11 will discuss some more measures to tighten the noose on fake registration and fraudulent generation of input tax credit (ITC) as it looks to check tax evasion, a top official said on Friday. “We are thinking of some other measures and we will take them through the…
New Delhi: HCL Foundation on Friday said it has partnered with the National Cooperative Union of India (NCUI) to train over 5,000 women, youths and artisans from marginalized communities for sustainable income-generating opportunities. As per the Memorandum of Understanding (MoU), HCL Foundation and NCUI’s Centre for Entrepreneurship Development and Cooperation (CEDC) will set up a…
New Delhi: India and the US are working to ‘quickly conclude’ the mutual recognition agreement (MRA) for authorised economic operators of both countries to expedite customs clearances, CBIC Chief Vivek Johri said on Friday. The two countries in September 2021 entered into an MRA to recognise the AEOs of both countries. The AEO programme enables…
New Delhi: Australian Foreign Minister Penny Wong on Friday announced the appointment of Philip Green as Australia’s next High Commissioner to India. Green, who was most recently Australia’s ambassador to Germany, would succeed incumbent Barry O’Farrell. “The Australia-India relationship has never been closer. Australia and India share perspectives, challenges and a democratic heritage,” Wong said, announcing…
New Delhi: Exports declined for the fourth-consecutive month by 10.3 per cent year-on-year to USD 34.98 billion in May, while the trade deficit widened to a five-month high of USD 22.12 billion. According to the data released by the commerce ministry on Thursday, key export sectors recording negative growth include petroleum products, gems and jewellery,…
