Washington: India has a high debt like that of China but the risks associated with it are not as great as that of its northern neighbour, a senior official from the International Monetary Fund has said, advising India in the medium term to have an ambitious fiscal consolidation plan that brings down deficits. “The current debt…
Toronto: A prominent Indo-Canadian community member has voiced deep concern over the “ecosystem” in Canada that has enabled Khalistan extremists to use violence, threaten and bully those opposing their “nefarious agendas’. Amidst the diplomatic standoff between Canada and India over the killing of a pro-Khalistan separatist in Surrey in British Columbia province in June, he…
Mumbai: Mukesh Ambani has raced ahead of Gautam Adani to become the richest Indian on a list of wealthiest people in the country. The 66-year-old chairman of the diversified Reliance Industries saw his wealth growing by a marginal 2 per cent to Rs 8.08 lakh crore, while Adani’s fortune plummeted by 57 per cent to Rs…
New Delhi: Karnataka Chief Minister Siddaramaiah on Monday said he has urged State Commission for Backward Classes chairperson K Jayaprakash to submit the caste census report and asserted that once that is done, his government will definitely publish the data. Asked about the matter at a press conference at the All India Congress Committee (AICC) headquarters…
New Delhi: The Congress on Monday promised that a government led by it will conduct a nationwide caste census and implement 33 per cent reservation for women in the Lok Sabha and state legislative assemblies at the earliest, including adequate representation for women belonging to the OBC community. The party made the assertion in a resolution…
New Delhi: The unemployment rate for persons aged 15 years and above in urban areas declined to 6.6 per cent during April-June 2023 from 7.6 per cent a year ago, the National Sample Survey Office (NSSO) data showed. Joblessness or unemployment rate is defined as the percentage of unemployed persons in the labour force. Joblessness…
New Delhi: The GST Council on Saturday decided to reduce GST on molasses to 5 per cent, from 28 per cent, and exempt alcohol for human consumption from the levy. Chhattisgarh Deputy Chief Minister T S Singh Deo, who is a member of the GST Council, said extra neutral alcohol (ENA) for industrial use will…
Mumbai: Superstar Akshay Kumar says he seeks encouragement from his audiences to make movies that bring about a societal change, irrespective of how they perform at the box office. The 56-year-old actor, whose latest film “Mission Raniganj” opened in theatres on Friday, said the Hindi cinema is going through a “nice phase” where both commercial and…
Mumbai: India is poised to become the new growth engine of the world, Reserve Bank of India Governor Shaktikanta Das said on Friday as the central bank retained the country’s GDP growth forecast at 6.5 per cent for 2023-24, notwithstanding the slowing global economy. Invoking Kautilya’s Arthashastra, Das said macroeconomic stability and inclusive growth are the…
Mumbai: Reserve Bank Governor Shaktikanta Das on Friday said 87 per cent of the Rs 2,000 denomination notes being withdrawn have returned as deposits into banks while the rest has been exchanged across counters. Addressing a press conference after the announcement of the bi-monthly monetary policy review, Das said Rs 12,000 crore of the Rs 3.56…
