Mumbai, May 5 (PTI) Battling a sharp surge in inflation, the Reserve Bank is all for a smooth monetary policy response and the desire to have smaller hikes led it to tighten the policy in an off-schedule meet, a source said on Thursday. Inflation has been massively impacted by Russia's invasion of Ukraine and will [...]
Beijing, May 5 (PTI) As China continue to wage a grim battle to curb the spread of the Omicron variant in Beijing and Shanghai, Chinese President Xi Jinping on Thursday asked officials to adhere to the much-criticised dynamic zero-COVID policy, saying that the epidemic prevention reached a "critical stage." Xi presided over the ruling Communist [...]
New Delhi, May 5 (PTI) India will not provide import duty concession under the free trade agreement with Australia on 29.8 per cent of its tariff lines or product categories, including dairy products, food grains, precious metals, jewellery and most of the medical devices.Given the sensitivities of the specified products for the domestic industry, India [...]
Islamabad, May 5 (PTI) Pakistan has requested Saudi Arabia not to withdraw its deposits given to its central bank and extend its oil facility for the cash-strapped country. Finance Minister Miftah Ismail while addressing a press conference in Karachi on Wednesday said Islamabad had requested Riyadh, which is considering rolling over dollar deposits as Islamabad [...]
Cases related to bank loan frauds, embezzlement of government funds and duping of investors through ponzi scams constitute almost half of the money laundering investigations taken up by the ED since it was empowered to investigate serious financial crimes about 16 years back. Cases of corruption in the government and public sector come next as [...]
New Delhi, May 5 (PTI) Union Minister of State for Power & Heavy Industries Krishan Pal Gurjar has assured all possible assistance to state-owned SJVN Ltd in the execution of various projects in India, Nepal and Bhutan.The minister visited SJVN Corporate Headquarters Shakti Sadan at Shimla today, a company statement said.Gurjar held a meeting with [...]
Paris, May 5 (PTI) Prime Minister Narendra Modi and French President Emmanuel Macron held extensive discussions on a range of bilateral and pressing global issues, including the raging conflict in Ukraine, the situation in the Indo-Pacific and terrorism, as the two top leaders agreed on a blueprint to work together in making the India-France strategic [...]
Pluc.tv, which “believes in powering the rise of the creator middle class” will be joining start-up accelerator Expert DOJO in Southern California on the heels of crossing half a million users. Start-to-finish creator economy platform Pluc.tv announced that it has raised an undisclosed amount in pre-seed funding and is joining Expert DOJO, an international early-stage [...]
Equity indices surrendered early gains to close flat on Thursday as profit-taking took hold amid a rally in global markets, even as the US Federal Reserve hiked rates on expected lines to combat inflation. Recovering after a severe drubbing in the previous session following the RBI's surprise rate hike, the 30-share BSE benchmark Sensex soared [...]
New Delhi, May 5 (PTI) The Delhi Cabinet has approved a start-up policy which seeks to provide the youth with financial and procedural help in setting up companies and formed a 20-member task force for the purpose, Chief Minister Arvind Kejriwal said on Thursday. He also said the "Business Blaster" programme, currently being run in [...]
