Mumbai: The Reserve Bank on Wednesday revised upward its growth estimates for the current fiscal year to 6.8 per cent and lowered its inflation projection to 2.6 per cent based on an above-normal monsoon and the rationalisation of GST rates. In August, the Reserve Bank of India (RBI) projected a 6.5 per cent GDP growth…
Manila: A powerful 6.9-magnitude earthquake jolted the central Philippines, collapsing buildings and killing at least 19 people on the island of Cebu, authorities said early Wednesday, with fears the toll could rise as rescuers searched for survivors. The shallow quake struck at 9:50 pm (1359 GMT) Tuesday off the island’s northern end near Bogo, a…
Beijing: President Xi Jinping on Tuesday said China will resolutely oppose “Taiwan independence” separatist activities and external interference, and firmly safeguard national sovereignty and territorial integrity. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks at a reception held at the…
New Delhi: Gold prices on Tuesday climbed Rs 500 to touch record Rs 1.20 lakh per 10 grams in the national capital due to a weak dollar and expectations of further rate cuts by the US Federal Reserve. According to the All India Sarafa Association, the yellow metal had rallied Rs 1,500 to close at…
New Delhi: Despite a strong 7.8 per cent growth in the first quarter, the Indian economy is expected to grow at 6.5 per cent in the current financial year as the impact of US tariffs on Indian exports will reduce prospects, particularly in the second half, ADB said on Tuesday. It is to be noted…
New York: The President of the United States, Donald Trump, on Monday announced 100 percent tariffs on movies made outside the country, in a move likely to impact the Indian film industry. “Our movie-making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby’,” Trump…
Beijing: China has removed import duties on as many as 28 medicines, including all cancer drugs, from May 1, a move that would help India export these pharmaceuticals to the neighbouring country. The development assumes significance as India has time and again asked for greater market access for its goods and services, including IT, pharmaceuticals,…
Patna: Vice President C P Radhakrishnan on Sunday asserted it was the concept of “dharma” that kept the country united, despite its people speaking “different languages”. He remarked in his address during the valedictory function here of Unmesha International Literature Festival, organised by Sahitya Akademi in collaboration with the Union Ministry of Culture. “One dignitary…
King Śāntanu, mindful of his father Pratīpa’s counsel, consented to wed the maiden of unknown origin who came to him with the stern condition that he should never question her actions nor intrude upon her movements. Bound by promise and desire, he accepted her hand and for a time their life together seemed tranquil, though…
United Nations: China and India are the “primary funders” of the Ukraine war by continuing to purchase Russian oil, US President Donald Trump said on Tuesday in his address to the UN General Assembly. The Trump administration has imposed an additional 25 per cent tariff on New Delhi as a penalty for its purchases of…
