New Delhi: The intra-BRICS trade has increased multiple times over the last few years but it accounts for only around 5 per cent of the global trade, reflecting huge untapped potential for deeper integration and stronger value-chain linkages, Commerce Secretary Rajesh Agrawal has said. BRICS is a grouping of 11 developing countries – Brazil, China,…
Chennai: In his maiden government, Tamil Nadu Chief Minister C Joseph Vijay will handle key portfolios including police, general administration and welfare of women, youth, and children, while veteran leader K A Sengottaiyan has been designated as the Finance Minister, the Lok Bhavan said on Saturday. By keeping Home for himself, Vijay continues the trend…
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Amsterdam: Prime Minister Narendra Modi arrived in the Netherlands on Friday on the second leg of his five-nation tour, during which he will hold talks with his Dutch counterpart Rob Jetten to further deepen bilateral cooperation in areas such as trade, technology, defence and renewable energy. The prime minister arrived in the Netherlands after a…
New Delhi: The government on Friday imposed a windfall gains tax of Rs 3/litre on the export of petrol, while reducing the levy on diesel to Rs 16.5/litre and aviation turbine fuel to Rs 16/litre effective May 16. The Finance Ministry, in a notification, said that the road and infrastructure cess will be nil on…
New Delhi: Japanese auto major Honda Motor Co will start introducing models tailored for the Indian market from 2028 and leverage its two-wheeler business to upgrade customers to passenger vehicles as part of rebuilding its automobile business, company Global CEO Toshihiro Mibe said on Thursday. The company has positioned India along with North America and…
Our Business Desk The viral claim that the Indian Rupee has fallen against the Pakistani, Bangladeshi, and Sri Lankan currencies is mathematically correct — but economically misleading. Currencies cannot be judged in isolation or through short-term bilateral movements alone. Macro-economics doesn’t work like a cricket scoreboard. Yes, the Indian Rupee has weakened marginally against the…
New Delhi: India has banned the export of sugar till September 30 this year, according to a government notification. The notification issued by the Directorate General of Foreign Trade (DGFT) on May 13 said this order does not apply to sugar being exported to the European Union and the US under the tariff rate quota…
Bhadohi/Fateshpur (UP): At least 33 people were killed on Wednesday after a powerful storm accompanied by heavy rains caused widespread damage in five districts of Uttar Pradesh, including Bhadohi, Fatehpur and Budaun, officials said. The officials said at least 16 persons have lost their lives in Bhadohi, nine in Fatehpur, five in Budaun, two in…
On the evening of May 10, in Hyderabad, the Prime Minister of India stood before the country and asked a question that no head of government asks lightly. He asked Indians to stop buying gold. Not forever, he said. Just for twelve months. Defer the jewellery. Skip the coin. Redirect that impulse toward something more…
