Finance Secretary Garg acknowledges liquidity concerns Finance Secretary Subhash Chandra Garg on Friday defended the government’s decision to bring the fiscal deficit down to 3.3% this year, saying this would free up additional resources for the private sector to borrow and invest. He also acknowledged the industry’s concerns that payments …
Read More »Gangwal wants Centre to intervene in IndiGo mess, says won’t rest till it’s fixed
Bhatia group calls it a misinformation campaign, terms allegations ‘hot air’ Rakesh Gangwal, the co-founder of IndiGo, in a boardroom battle with partner Rahul Bhatia, has vowed to continue to raise the issue of lack of corporate governance at InterGlobe Aviation Ltd. (IGAL), the company that runs India’s biggest airline, …
Read More »CEA for balanced tapping into domestic, foreign savings
Cautions against over-reliance on foreign currency debt Chief Economic Adviser Krishnamurthy Subramanian on Friday sought to caution against a more-thannecessary reliance on foreign savings as a trigger for accelerating economic growth through more investments. “If we have to invest for triggering a virtuous cycle, we need to tap into savings… …
Read More »Centre has no discretion in allocating disaster relief: FM
‘Contribution to States on basis of Finance panel’s formula’ The government has no discretion in deciding the quantum of support each State gets for disaster relief, Finance Minister Nirmala Sitharaman informed the Rajya Sabha, adding that the contribution is set by a formula according to the recommendations of the Finance …
Read More »Infosys raises revenue outlook; deal wins spur Q1 revenue
Tech bellwether’s digital transformation business records 42% growth; net profit grows 5.2% to Rs. 3,802 crore Tech bellwether Infosys has posted ‘encouraging’ first quarter revenue numbers on the back of strong deal wins and robust growth in its digital transformation business. Buoyed by these, the company has revised its revenue …
Read More »India again abstains at UN vote, draws criticism
Stand in spite of SC scrapping Sec. 377 India on Friday abstained at the vote for extending the mandate of an important UN official who reports on violence and discrimination against sexual minorities. India’s abstention at the resolution for term-renewal of the independent Expert on Sexual Orientation and Gender Identity …
Read More »Health, sanitation should be focus areas: Modi
PM interacts with BJP women MPs As part of a series of interactions with BJP MPs, Prime Minister Narendra Modi on Friday met with more than 30 of the 41 women MPs of the party at his residence, and urged them to focus on health, sanitation and eradicating malnutrition. Sources …
Read More »Railways cannot be privatised, says Goyal
‘But it will invite investments for new technology’ There is “no question” of privatisation of the Indian Railways, but the Railway Ministry will invite investments for new technology, lines and projects in the national interest, Railway Minister Piyush Goyal said in the Lok Sabha in response to the debate on …
Read More »ISRO’s lunar touchdown has dry run on soil fetched from Tamil Nadu
Chandrayaan-2’s lander and rover were tested on a simulated surface Newly designed cars are tested for road-worthiness on terrain where they would be driven, while new aircraft are test-flown in the skies. But where on earth did the Chandrayaan-2 mission’s lander and rover, which will head for the moon on …
Read More »Greek find called earliest sign of our species out of Africa
Greek find resets human migration clock A 2,10,000-year-old skull (image shows computer-generated model) discovered in a cave in Greece has been identified as the earliest modern human remains found outside Africa, putting the clock back on mankind’s arrival in Europe by more than 1,50,000 years. The remains are 16,000 years …
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