People from many industries are coming to us and saying they are out of distress: Nirmala Sitharaman

The government’s measures are beginning to show results, finance minister Nirmala Sitharaman tells Sidhartha, Surojit Gupta & Rajeev Deshpande in an exclusive interview. Bank balance sheets are better, lending is improving and NBFCs are back in business. Excerpts… What is the impact of several measures taken by the government and your assessment of the economy?We … Read morePeople from many industries are coming to us and saying they are out of distress: Nirmala Sitharaman

Air India, Bharat Petroleum Corporation to be sold by March: FM Nirmala Sitharaman

NEW DELHI: The government is looking to wrap up the sale of state-run airline Air India and oil refiner and marketer Bharat Petroleum Corporation (BPCL) by March, finance minister Nirmala Sitharaman said on Saturday. “We are moving on both with the expectation that we can complete them this year. The ground realities will play out,” … Read moreAir India, Bharat Petroleum Corporation to be sold by March: FM Nirmala Sitharaman

One nation, one ration card: We are creating a central repository of ration cards, says food secretary

Efforts are on to install ePoS devices in nearly all fair price shops across India to enable ration card portability, Ravi Kant, secretary, food & public distribution, tells Prerna Katiyar. Edited excerpts: What is the One Nation One Ration Card system? The purpose is nationwide portability in distribution of subsidised foodgrain to beneficiaries [under the … Read moreOne nation, one ration card: We are creating a central repository of ration cards, says food secretary

One nation, one ration card: Inside food ministry’s ambitious scheme to make ration cards portable

Record-keeping by hand is back at this “automated” fair price shop in Bangur, a dense Kolkata suburb, ever since its electronic point-of-sale (ePoS) machine broke down and had to be sent for repair. Keeping an eye on the weighing scale while giving beneficiaries their quotas of gom (wheat) and chaal (rice), Lakshmi Kant Aich, who … Read moreOne nation, one ration card: Inside food ministry’s ambitious scheme to make ration cards portable

Export authority asked to pay Rs 54 lakh to onion trader for deficient service

MUMBAI: The Maharashtra State Consumer Dispute Redressal Commission has directed the Export Credit Guarantee Corporation of India (ECGCI) to pay over Rs 54 lakh to an onion exporter for deficiency in service. In its order passed on Wednesday, the commission asked the ECGCI to pay Rs 48,70,234 towards the loss suffered by the exporter, Rs … Read moreExport authority asked to pay Rs 54 lakh to onion trader for deficient service

Ind vs Ban | Bangladesh wobble to 60/4 at lunch after India declare at 493/6

India remained on course for a big innings victory after their pacers blew away the Bangladesh top-order, reducing the visitors to 60 for 4 at lunch on the third day of the first Test here on Saturday. India declared their first innings at their overnight score of 493 for 6 to let their pace attack … Read moreInd vs Ban | Bangladesh wobble to 60/4 at lunch after India declare at 493/6

Ind vs Ban | India declare 1st innings at overnight 493/6

India declared their first innings at overnight score of 493 for 6 in reply to Bangladesh’s 150 in the opening Test here on Saturday. Ravindra Jadeja and Umesh Yadav remained unbeaten on 60 and 25 respectively. India lead by 343 runs. Brief Score Bangladesh 1st innings: 150 all out in 58.3 overs. India 1st innings: … Read moreInd vs Ban | India declare 1st innings at overnight 493/6

India joins China, Russia, Japan to oppose use of 26 Ghz band for 5G

NEW DELHI: India is learnt to have aligned with China, Russia and Japan to oppose use of 26 Ghz spectrum band for 5G operations, but industry bodies have expressed their reservations about the decision. China and Russia have opposed 5G operation in 26 Ghz band to defend their military operations, while India has aligned with … Read moreIndia joins China, Russia, Japan to oppose use of 26 Ghz band for 5G

View: Staying out of RCEP gives India a chance to reflect on its competitiveness

By Vikram Kirloskar Earlier this month, India pulled out of the Regional Comprehensive Economic Partnership (RCEP), and rightly so. Prime Minister Narendra Modi’s decision to stay out of the regional free trade agreement (FTA) is based on views expressed by a wide spectrum of stakeholders. Industry bodies, farmers and civil society organisations believe that unless … Read moreView: Staying out of RCEP gives India a chance to reflect on its competitiveness

Govt will be forced to slash spending this year too: Crisil’s DK Joshi

MUMBAI: With little headroom for fiscal expansion given the falling tax collections, the government will have to cut its expenditure, says an economist. The fiscal deficit target of 3.4 per cent of GDP is likely to slip, DK Joshi, the chief economist at the rating agency crisil said here on Friday. “Fiscal policy doesn’t have … Read moreGovt will be forced to slash spending this year too: Crisil’s DK Joshi

India vs Bangladesh | Mayank Agarwal, Ajinkya Rahane build as India reach 188/3 at lunch on day 2

Opener Mayank Agarwal continued his fine run by inching towards his third Test hundred as India reached 188 for 3 at lunch despite losing skipper Virat Kohli early on the second day of the opening Test here on Friday. India now have a lead of 38 runs after having dismissed Bangladesh for 150 in the … Read moreIndia vs Bangladesh | Mayank Agarwal, Ajinkya Rahane build as India reach 188/3 at lunch on day 2

India Second To US In Demanding Facebook User Data, Requests Up By 37%

In the first half of 2019, there were 50,714 requests from the US government for user data. New Delhi:  The number of government demands for Facebook user data increased by 16 percent in the first half of this year compared to the last half of the previous year, the social media giant has said in … Read moreIndia Second To US In Demanding Facebook User Data, Requests Up By 37%

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