New Delhi: The number of groups searched by the Income Tax Department and the resulting seizure of assets has shown an increasing trend over the last three financial years, according to a government data placed in the Parliament on Tuesday. Minister of State for Finance Pankaj Chaudhary said, in a written reply, to the Rajya Sabha…
New Delhi: India and Sri Lanka on Friday unveiled a vision document to significantly expand connectivity and economic ties even as Prime Minister Narendra Modi conveyed to the island nation’s President Ranil Wickremesinghe the need to ensure a “life of dignity” for the Tamil community in that country. Following talks between Modi and Wickremesinghe, the…
New Delhi: Air India and CFM International have finalised the order for LEAP engines for the carrier’s new fleet of 400 narrow body planes. The engines will power 210 Airbus A320/A321 neos and 190 Boeing 737 MAX family aircraft. “Both companies also signed a multi-year services agreement that will cover the airline’s entire fleet of LEAP…
Guwahati: The North Eastern states have scripted a success story in the collection and devolution of the Goods and Services Tax (GST), Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said here on Friday. According to the 2023 RBI report on state finances, the eight NE states have registered a compounded annual GST hike…
Shimla: Union minister Nitin Gadkari has assured sanctioning of Rs 300 crore for reconstructing damaged roads and bridges connecting national highways in Himachal Pradesh, state’s Public Works Department (PWD) minister Vikranaditya Singh said on Thursday. The fund will be sanctioned under the Setu Bharatam Yojna, according to an official statement. Singh, who met the minister for…
New Delhi: Union Minister Piyush Goyal on Wednesday discussed the roadmap to achieve the target of USD 250 billion domestic textiles production and USD 100 billion exports by 2030. The Minister for Textiles, Consumer Affairs, Food and Public Distribution and Commerce and Industry highlighted the need for collective commitment to position India in the global…
Panaji (Goa): India’s liquor industry has been experiencing unprecedented growth in recent years, making it one of the fastest-growing beverage markets globally. After the pandemic, the swift bounce back of alcohol shows the vast customer base inside the country. Because of India’s high population growth rate, every year produces 13 million drinking-age adults. The beverage…
Mumbai: Equity benchmark indices Sensex and Nifty continued their upward movement on Wednesday, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets. Buying in index majors Reliance Industries and ITC also helped the markets maintain their winning momentum. Rallying for the fifth day running, the 30-share BSE Sensex…
Bengaluru: Five people who were radicalised to carry out terror attacks have been arrested by the Central Crime Branch with firearms and ammunition along with 12 mobile phones confiscated from them, Bengaluru Police Commissioner B Dayananda said on Wednesday. Seven pistols, 45 live cartridges, a bunch of walkie-talkies, and some daggers were seized from the terror…
New Delhi: The Asian Development Bank (ADB) on Wednesday retained India’s economic growth forecast at 6.4 per cent for the current financial year and 6.7 per cent for the next, saying robust domestic demand will continue to support the region’s recovery. In an update to its Asian Development Outlook, the ADB said inflation is expected to…
