New Delhi: The Centre is expected to achieve the FY23 fiscal deficit target of 6.4% of gross domestic product (GDP) despite a downward revision in national income from the budgeted levels, said a person aware of the details. The actual FY23 fiscal deficit, in absolute terms, will likely be slightly lower than the revised estimate … Read more
New Delhi: India‘s potential economic growth could get a boost if government accelerates implementation of its ambitious reform agenda, World Bank said in a report that also outlined policy prescriptions for banking and infrastructure sectors. “Addressing the aftermath of financial sector distress could unlock significant growth,” the multilateral lender said in its ‘Falling long-term growth … Read more
New Delhi CNN — Foreign ministers from the world’s biggest economies convened in New Delhi Thursday in what was seen as a grand test for Indian diplomacy, which ultimately didn’t succeed in reaching a consensus because of Russia’s ongoing invasion of Ukraine. In the second high-level ministerial meeting under India’s Group of 20 (G20) presidency … Read more
New Delhi: The Narendra Modi- led NDA government has ensured that India‘s growth story remains inclusive and doesn’t exclude the middle class or the poor, finance minister Nirmala Sitharaman said Monday. She cited the examples of Vande Bharat trains and the Udaan initiative to buttress the fact that the government wants common citizens, and not … Read more
New Delhi, (India) on Tuesday said its net profit declined by 4 per cent to Rs 243 crore in the third quarter ended December 31, 2022. The company had reported a net profit of Rs 252 crore in the October-December period of the previous fiscal. Total income, however, increased to Rs 1,302 crore in the … Read more
New Delhi CNN — At the Bhalswa landfill in northwest Delhi, a steady flow of jeeps zigzag up the trash heap to dump more garbage on a pile now over 62 meters (203 feet) high. Fires caused by heat and methane gas sporadically break out – the Delhi Fire Service Department has responded to 14 … Read more
New Delhi: The website of the Indian Council of Medical Research (ICMR) faced around 6,000 hacking attempts over a span of 24 hours on November 30, about a week after online services of AIIMS-Delhi were crippled by a ransomware attack. A government official said hacking attempts on ICMR’s website were allegedly made from IPs originating … Read more
New Delhi: For six months, Surender Kumar Chandna, a trader from Kamla Naga r, has been trying to get his general trade licence renewed by the Municipal Corporation of Delhi. Though the system is online, the experience hasn’t been easy. The online application proved unsuccessful, forcing him to send mails and even visit MCD’s Keshavpuram … Read more
China has noted big increase in bilateral trade with India to claim positive trajectory in partnership yet emphasised on CPEC and Hambantota Port as its South Asian connectivity initiatives disregarding New Delhi’s concerns. Trade between China and India in the first nine months this year reached $103.6 billion, up 14.6 percent year-on-year, the Chinese Foreign … Read more
India scrapped an export tax levied on low grade iron ore lumps and fines with below 58% iron content, in a notification late on Friday, reversing an earlier order from May when it had raised the tax to a steep 50% to rein-in inflation. In the notification, which takes effect on Saturday, the government also … Read more