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New York: As he hardens his stand on trade, US President Donald Trump is ending India’s $5.6 billion trade concessions under the Generalised Scheme of Preferences programme with effect from June 5. “I have determined that India has not assured the United States that India...

New Delhi: The Goods and Services Tax (GST) collection for the month of May rose 6.67 per cent to Rs 1,00,289 crore from a year ago period staying above Rs 1 lakh crore in monthly revenue mop-up. The collection is, however, lower compared to April...

New Delhi: After a brief interval, high-quality Fake Indian Currency Notes (FICN) are again being printed across India’s eastern borders and are being pumped into the country at an alarming rate. An ongoing investigation of the National Investigation Agency (NIA) has revealed that nexus between...

Mumbai: With economic growth likely to slow down in the March quarter 2019, the RBI may cut repo rate by 25 basis points in the upcoming monetary policy review, analysts say. The growth data for the fourth quarter 2018-19 is to be released Friday. According...

Bhubaneswar: SBI General Insurance (SBIGI) Friday claimed that the company has disbursed 702 insurance claims received from the Fani-affected districts such as Khurda, Cuttack, Puri and Jagatsinghpur. SBIGI MD and CEO Pushan Mahapatra said: “We have received about 1,061 insurance claims from these districts and,...

Hitting a six is not just all about brute power and muscle. A number of times an over-boundary can also be struck by sheer timing. It is quite natural that Virat Kohli will have to depend more on timing because he doesn’t have the brute...

New Delhi: Ujjwala-man Dharmendra Pradhan is set to become India’s longest-serving Oil Minister as he set out for a second stint, during which his priorities he said will be to raise domestic oil and gas production, expedite creation of national gas grid and create common...

New Delhi: Nirmala Sitharaman’s biggest economic challenge as she helms the Finance Ministry will be to find ways to arrest the declining growth and retain the tag of the world’s fastest growing economy, boosting consumption and investment. Sitharaman will inherit a slowing economy. She will...

Bhubaneswar: Four days after being arrested, an inspector rank police officer was placed under suspension with immediate effect Friday on the charge of accepting bribe, police said. Director General of Police Rajendra Prasad Sharma suspended Soumyachit Mishra, former inspector-in-charge of Gop police station in Puri...

Puri: Locals blocked roads at three different places from 10 am till afternoon Thursday protesting against delay in restoration of electricity in many localities of the pilgrim town. Even after nearly a month, power supply has not been restored to many localities in Puri battered...