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G20 stops short of denouncing protectionism

Osaka: Leaders of the Group of 20 major economies warned Saturday of growing risks to the global economy but stopped short of denouncing protectionism, calling instead for a free, fair trade environment after talks some members described as difficult. In a communiqué at the end...

India’s end-March external debt rises

Mumbai: India’s external debt for the quarter-ended March 2019 rose 2.6 per cent or $13.7 billion to $543 billion on account of an increase in short-term debt, commercial borrowings and non-resident Indian (NRI) deposits. According to the Reserve Bank of India’s external debt statistics released...

JP Nadda

Delhi needs a leadership with serious vision: J P Nadda

New Delhi: BJP working president J P Nadda Saturday claimed the ruling AAP has become “a laughing stock” and exuded confidence that his party will form government in Delhi as the city needs a leadership with “serious vision” for it. Addressing the party’s Delhi unit...

Jet staff consortium, AdiGroup to bid for 75 pc stake

New Delhi: In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup Friday announced a partnership to bid for 75 per cent of the airline through the NCLT process, members of the consortium said. The debt-laden company became the first domestic airliner to go...

Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh

Small savings rate cut by 0.1 pc

New Delhi: The government Friday reduced interest rate on small savings schemes, including NSC and PPF, by 0.1 per cent for the July-September quarter. The move is aimed at matching the softening of interest rates in the banking sector since the RBI cut its benchmark...

Payment security mechanism for power purchase in place

New Delhi: In a big relief to the stressed power sector, the government Friday approved the proposal for implementation of a payment security mechanism for purchase of electricity by distribution companies from generating firms. The power ministry has made it mandatory for discoms to open...

Switzerland

India seeks Swiss support in probe against 6 Essar firms

New Delhi: India has sought Switzerland tax department’s assistance in a probe against six companies of the Essar group, including those into steel and power businesses, according to official documents of the Alpine nation. Kickstarting the information exchange process, the Federal Tax Administration of Switzerland...

100% electricity to Puri before Rath Yatra, says govt

Bhubaneswar: The state government Friday promised the Odisha Assembly that 100 per cent electricity would be given to Puri and nearby areas before the Rath Yatra so that one of the biggest Hindu festivals of the region is undertaken without hassles. Responding to queries on...

 

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