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42 seconds ago
My plan is to transform Congress bottom upwards: Rahul

New Delhi, Dec 18 (IANS) Congress President Rahul Gandhi has said that his plan is to transform the Congress from bottom upwards and he will like to bring in many new, young, exciting and dynamic faces. In his first interview as party president with National Herald and Qaumi Awaz, Gandhi rubbished BJP's claims that his party fought the recently held Gujarat state elections of casteist li...

2 hours ago
Pradhan lays foundation stone for Dhamra-Angul gas pipeline

Bhubaneswar, Dec 17 (IANS) Petroleum and Natural Gas Minister Dharmendra Pradhan on Sunday laid the foundation stone for new Dhamra-Angul gas pipeline and Bhubaneshwar-Cuttack-Paradip natural gas spurline in Odisha. The foundation stone was laid at Haripur in Jajpur district. Pradhan said that this 600-km-long natural gas pipeline project is a new year gift for the people of coas...

1 day ago
India must develop $100 billion companies to become global leader: Minister

Panaji, Dec 16 (IANS) India can take over the global economic leadership in the 21st century if it manages to create $100 billion companies across sectors on the home soil, Union Minister Jayant Sinha said here on Saturday. Because if we build companies of that scale, scope, and size, that's how we will achieve economic leadership. That is how we will create economic opportunities for al...

1 day ago
Anil Kapoor 'ready' to act in street plays

Mumbai, Dec 16 (IANS) National Award-winning actor Anil Kapoor says artistes should experiment with mediums and so, he is even willing to act in a street play. He has been a movie star for almost 40 years. After making his TV debut with 24, he will now host the season premiere of the British motoring series The Grand Tour for Amazon Video. Asked what made him do a show on the di...

1 day ago
Creating facilities to double farmers income: Jaitley

New Delhi, Dec 16 (IANS) Finance Minister Arun Jaitley on Saturday said the government has been creating instrumentalities like providing agricultural inputs at lower cost and making cheap credit available to farmers so as to double their income. Speaking at the opening ceremony of Asia-Pacific Rural and Agricultural Credit Forum here, Jaitley said the government is trying to get farmers...

1 day ago
N.Korea threatens to be 'most powerful nuclear, military state'

United Nations, Dec 16 (IANS) In a challenge to the global order, North Korea has issued a threat that it will become world's most powerful nuclear and military state. Pyongyang's assertion of ambitions to global supremacy came on Friday after Secretary-General Antonio Guterres warned the Security Council, The situation on the Korean Peninsula is the most tense and dangerous peace and se...

2 days ago
Global investors' summit: Assam expects investments from Asean nations

New Delhi, Dec 15 (IANS) Assam expects investments in Tourism, Information Technology, Agriculture, Food Processing, Energy and Pharmaceutical sectors from across the globe, especially Asean member-nations, in the state's first global investors' summit on February 3-4, 2018. At a press conference here, Assam Chief Minister Sarbananda Sonowal on Friday also announced allocation of Rs 100 ...

2 days ago
'Industry-friendly' Ethiopia woos Bengal businesses

Kolkata, Dec 15 (IANS) Offering a package of incentives including exemption of income tax and import duty, Ethiopia on Friday sought investment from West Bengal in sectors like infrastructure and small engineering. Ethiopia has joined the group of nations that are fast moving in economic development. My country is the fastest growing in the world and has registered a double-digit annual ...

2 days ago
Russian ex-minister gets 8 years in jail for bribery

Moscow, Dec 15 (IANS) A Moscow court on Friday sentenced Russia's former Economy Minister Alexei Ulyukayev to eight years in a harsh-regime prison and a $2.2 million fine for bribery. Ulyukayev, 61, is the first minister to stand trial in Russia's recent history. Following the announcement, he was taken into custody and escorted from the courtroom. His attorneys intend to appeal the verd...

2 days ago
Russia's former minister found guilty of bribery

Moscow, Dec 15 (IANS) A Moscow court on Friday found Russia's former Economy Minister Alexei Ulyukayev guilty of bribery. Ulyukayev is the first minister to stand trial in Russia's recent history. He was arrested in 2016, accused of trying to extort $2 million from state oil firm Rosneft to green light its purchase of another oil firm, the BBC reported. The accusation was made by...

2 days ago
India witnessed infusion of AI across industries

(ATTN Editors: Beginning December 15, IANS will be running a series of Yearenders that look at the highs and lows in the areas of politics, business, economy, technology, lifestyle, literature and sports during the year coming to an end. Editor, IANS) By Nishant Arora New Delhi, Dec 15 (IANS) When it comes to disruptive technologies that will drive businesses in the coming years,...

3 days ago
35% of businesses registered in GST pay no tax: Jaitley

New Delhi, Dec 14 (IANS) Around 4 lakh people contribute 95 per cent of GST collections, while 35 per cent of those who have filed returns mostly paid no tax, Finance Minister Arun Jaitley said on Thursday. He provided these figures emerging from studies in response to a query at industry chamber Ficci's 90th AGM here on whether the Goods and Services Tax (GST) is proving a burden fo...

3 days ago
Equity indices close higher ahead of Gujarat exit poll results

Mumbai, Dec 14 (IANS) Short covering, along with positive hopes of the ruling BJP's win in the crucial two-phased Gujarat assembly elections, erased the day's entire losses and lifted the key Indian equity indices to close in the green on Thursday. On a closing basis, the wider Nifty50 of the National Stock Exchange (NSE) edged higher by 59.15 points or 0.58 per cent to 10,252.10 points....

3 days ago
'Premature GST hurting small businesses, causing revenue shortfall'

New Delhi, Dec 14 (IANS) West Bengal Finance Minister Amit Mitra on Thursday attacked the Central government on what he called premature GST launch and said it had led to revenue shortfall of Rs 39,111 crore to states in just four months. He said the plummeting GST collections by Rs 12,000 crore in one month was a serious cause of concern even as the premature implementation had led to s...

3 days ago
Indian economic inequality widened since 1980: Report

New Delhi, Dec 14 (IANS) Putting various economic growth policies under a question mark, new research from the World Inequality Lab said Indian economic inequality has increased rapidly since the 1980s. The report - World Inequality Report - has put three other countries, North America, China and Russia in the same category. The report was compiled by the World Wealth and Income...

3 days ago
Unlocking real estate value in the current scenario

As lenders and borrowers in India grapple with heavy debt levels, asset sales have been a strategy used to pare debt levels by conglomerates. We think one aspect of asset sales that needs even greater focus in India is for corporations to realise that selling real estate is an alternative to using the capital markets for share or debt issuance. This unlocking of real estate value need no...

3 days ago
US Fed raises interest rate amid strong job market

Washington, Dec 14 (IANS) US Federal Reserve has raised the benchmark interest rates for the third time this year and maintained the forecast of three more rate hikes in 2018, as the economy and job market continued solid growth. In view of realized and expected labor market conditions and inflation, the (Federal Open Market) Committee decided to raise the target range for the federal fu...

3 days ago
Global trade conference ends without progress

Buenos Aires, Dec 14 (IANS) The 11th Ministerial Conference of the World Trade Organization (WTO) has concluded here with a disappointing lack of results, Director-General Roberto Azevedo said. In his speech on Wednesday during the closing session of the biennial meeting, Azevedo regretted the failure of the WTO's 164 member-nations to reach substantive agreements, Efe news reported. ...

3 days ago
US Fed raises interest rate by 25 basis points

Washington, Dec 14 (IANS) The US Federal Reserve has raised the benchmark interest rate by 25 basis points, the third such increase in 2017. In view of realized and expected labor market conditions and inflation, the (Federal Open Market) Committee decided to raise the target range for the federal funds rate to 1.25 to 1.5 per cent, said the Fed in a statement on Wednesday after concludi...

4 days ago
Winter session of Parliament to begin on stormy note

New Delhi, Dec 13 (IANS) The winter session of Parliament beginning on Friday is likely to be stormy with the opposition parties all set to corner the government over a range of issues like the Rafale deal, the adverse impact of GST and demonetisation on the economy, the plight of farmers and religious intolerance. The session, which was delayed due to the Gujarat Assembly polls, is also...

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