Category: World

NEW DELHI: The United States has decided to withdraw its support for an initiative at the World Trade Organisation on free cross-border data flows without localisation, a move that strengthens India’s approach on retaining control over its data. Washington has decided to withdraw its proposal on digital trade at the global trade body to retain […]

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MUMBAI: The Reserve Bank of India is likely to meet with banks next week to discuss the key issues of liquidity in the banking system and developments in sovereign debt yields, which serve as benchmarks for pricing corporate borrowing. “There are meetings scheduled on November 2 and November 3. The discussion points include the skewed […]

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NEW DELHI: State-run oil marketing companies (OMCs) have the capacity to absorb the global crude price shocks as they have made large profits (in the previous quarters) due to high prices, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri told FE on Thursday. Though it has been widely felt that OMCs whose bottom […]

The post Government Hints

Mumbai: Air India on Friday announced the appointment of Klaus Goersch as the Executive Vice President and Chief Operations Officer, as well as various other senior level appointments. In the newly-created position at the airline, Mr Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions. Air India said incumbent […]

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The government has decided to offload 0.3 million tonnes (MT) under the open market sale scheme (OMSS) by the Food Corporation of India (FCI) in its weekly e-auction from next month, against 0.2 MT currently being offered for the bulk purchaser to cool down the prices. Sources told FE that because of surplus stocks held […]

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Global consumer goods major Unilever says the India market, its second-largest in the world, may see a deflation in pricing within skincare and fabric cleansing, as commodity inflation moderates. The India unit of the London-headquartered company reported a flat price-led growth last week for the September quarter as it cut product prices within laundry and […]

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MUMBAI: Shareholders of Reliance Industries Ltd have approved the appointment of Isha Ambani, Akash Ambani and Anant Ambani to the company’s board as Non-Executive Directors with the required majority. While Isha and Akash got approval from 98 per cent of shareholders, Anant got approval from 92 per cent of the shareholders. Institutional Shareholder Services Inc.,

By Dr. Gyan Pathak Congress president Mallikarjun Kharge has finally broken his silence over seat-sharing in the five poll bound states going to polls in November, but only to express party’s confident mood. “We will see this. Let the 5-state election take place first,” Kharge has said implying that there will be no seat-sharing arrangement […]

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By Amarjeet Kaur October 31 is approaching, the day of foundation of the first national level organization of trade unions in India. A collective of trade unions from all sectors, formal and informal, gathered at Bombay and AITUC was founded with Lala Lajpat Rai, a tall leader of the freedom movement at that time, as

By Prabhat Patnaik All fascistic outfits have one common characteristic: they reject outright all evidence that goes against the narrative they spin; and the Hindutva elements in power in India are no exception. Their narrative presents India as the fastest growing economy in the world where the people never had it so good; but if

By Sushil Kutty How the Bharatiya Janata Party has transformed the upcoming assembly polls into Modi Vs. Congress by sidelining state-level leaders is the flavour of this election season running up to and right into general elections 2024. The fact of the matter is there’s no doubt that it is Congress Vs. BJP in

Bengal Minister Jyotipriyo Mallick was arrested by the Enforcement Directorate (ED) in connection with an alleged case of corruption in rationing distribution early Friday morning. Meanwhile, Kolkata is decked up for the grand gala pujo carnival today, where over 100 Durga idols will be paraded, following which, they will be immersed. The program is scheduled […]

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The Election Commission of India (ECI) on Thursday asked the Central government not to conduct any activities related to the proposed ‘Viksit Bharat Sankalp Yatra’ in the five election-bound states and Nagaland’s Tapi constituency till December 5 as provisions of the Model Code of Conduct (MCC) are in place. In a letter to Cabinet Secretary […]

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The Election Commission of India (ECI) on Thursday issued a show-cause notice to Congress leader Priyanka Gandhi Vadra over her “envelop” remarks related to Prime Minister Narendra Modi’s temple visit. The party general secretary has been asked to respond to the notice by October 30 evening. In its notice, the poll body said that the […]

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The Election Commission of India (ECI) on Thursday issued a show-cause notice to Assam Chief Minister Himanta Biswa Sarma for allegedly making communal remarks during an election campaign in Chhattisgarh. Attacking the lone Muslim minister and Congress MLA Mohammad Akbar, Sarma had last week said that “the land of Maa (Mother) Kaushalya will get defiled […]

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State home minister Narottam Mishra sparked a controversy after a purported video of his speech in which he mentioned about ‘making Hema Malini dance’ in his constituency surfaced on social media. Reacting to Mishra’s remark, Congress leader Digvijaya Singh on Thursday wrote on X (formerly Twitter) sharing the video, “Listen to the real meanness of […]

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NEW DELHI: The Union Cabinet on Wednesday revised the per kilogramme subsidy under the nutrient-based regime, lowering it for nitrogen, phosphorus, potassium, and sulphur for the October-March period compared to the April-September period. The cost to the exchequer is estimated at Rs 22,303 crore. Between first half of FY-24 and October to March period, the

MUMBAI: In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday directed them to have at least two wholetime directors. Lenders that do not meet the requirement will have to submit the names for the RBI’s approval within four months. Banks […]

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NEW DELHI: In a leg-up for India’s consistent stand against global rules on e-commerce, the US has decided to withdraw its proposal on digital trade at the WTO to retain the policy space for regulating big-tech firms. The US proposal on e-commerce rules, withdrawn at the WTO’s Joint Statement Initiative (JSI) on e-commerce on Wednesday, […]

The post US Withdraws

NEW DELHI: The government on Wednesday extended mandatory blending of imported coal with domestic fuel for power gencos till the end of the current financial year, in an attempt to ensure uninterrupted power supply across the country. It also extended the emergency clause or Section 11 of the Electricity Act 2003 which mandates imported coal-based […]

The post Mandatory Imported-Coal Blending

India’s Oil and Natural Gas Corp hopes to recover over $500 million in dividends pending since 2014 for its stake in Venezuelan projects as sanctions on the nation were eased, a source said on Thursday. The source declined to be named due to sensitivity of the matter. The Biden administration on Wednesday eased sanctions

NEW DELHI: Government think tank NITI Aayog has initiated a study to develop a comprehensive action plan to bridge India’s trade deficit with China over time and align trading strategies with emerging geopolitical situation and potential risks to safeguard supply chains. The Aayog has invited bids from consultants to lead the two studies in areas

By Dr. Gyan Pathak “All farm loans will be waived, as we have done in the past, immediately after the Congress returns to power,” promised CM Bhupesh Baghel in Chhattisgarh in a repeat of 2018 election promise. It was among the four key promises made by the Congress on which the party has pinned its […]

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By Arun Srivastava This is not the first time that the JD(S) has entered into an alliance with the BJP. In 2006, with the tacit blessing of the senior JD(S) leader, the former prime minister H D Deve Gowda, the JD(S) had brokered an alliance and his son HD Kumaraswamy headed the alliance government. But […]

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By P. Sudhir The speech of the RSS chief at the annual Vijayadashami rally in Nagpur is supposed to contain the authoritative pronouncements of the Sangh. In the rally last Tuesday, Mohan Bhagwat’s speech continued with the theme of the last few Vijayadashami speeches, where the Sangh totally identified with the Narendra Modi government and

By Tirthankar Mitra Her acting is a combination of vivacity which gels completely with her natural acting style. This has earned Aparna Sen a place of honour among the greats of Bengali cinema. Here is a heroine turned director whose co-actors have ranged from Uttam Kumar, Soumitra Chattopadhyay to Shatrughan Sinha and Amitabh Bachchan (during […]

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The BJP on Wednesday alleged that the Congress is indulging in “appeasement” politics for votes ahead of state assembly polls as the grand old party and its leaders have come out in “support” of Hamas and Khalistan. BJP national spokesperson Sambit Patra also said the Congress has failed to fulfil its poll promises made during […]

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Enforcement Directorate (ED) is carrying out searches at 11 locations in Rajasthan, including official residence of state Congress chief Govind Singh Dotasra in Jaipur along with a few other places linked to him. The ED has also reportedly raided the premises of Congress candidate from Rajasthan’s Mahua assembly seat as part of a money laundering […]

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Congress leader Priyanka Gandhi Vadra slammed the BJP-led Centre on Wednesday over its “hollow” welfare schemes while addressing a rally where her party promised an annual honorarium of Rs 10,000 to the women heads of families in Rajasthan. At a public rally addressed by Gandhi, Rajasthan Chief Minister Ashok Gehlot promised two “guarantees” if the […]

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The Ethics Committee of Lok Sabha is set to convene its first meeting today to address the “cash for query” accusation, involving TMC MP Mahua Moitra. The complainant, BJP parliamentarian Nishikant Dubey, along with advocate Jai Anant Dehadrai, are scheduled to provide their statements. Dubey, who filed the complaint with Speaker Om Birla, included documents […]

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CHENNAI: French automotive major Renault announced on Wednesday that it has lined up an investment of approximately €3 billion ($3.2 billion) for expansion, as part of its International Game Plan for 2027. This initiative encompasses regions beyond Europe, including India. According to the road map, by 2027, one in every three Renault cars sold

MUMBAI: India’s largest information technology (IT) services company, Tata Consultancy Services (TCS), has received a notice from the Maharashtra government’s Ministry of Labour & Employment regarding the company’s delay in onboarding lateral recruits. The complaint was filed by the Pune-based IT employees’ union, Nascent Information Technology Employees Senate (NITES), in July 2023. While the exact […]

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NEW DELHI: A two-day meeting of senior officials of the World Trade Organisation (WTO) member countries which concluded in Geneva last Tuesday shaped agenda for the coming ministerial meeting of the world body, by narrowing down the differences over the key issues of agriculture, dispute settlement, e-commerce taxation, according to official sources. The direction and […]

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NEW DELHI: The finance ministry is reviewing its disinvestment schedule following the recent stock market selloff amid high volatility triggered by global factors, said people aware of the details. The ministry is likely to adopt a “prudent selloff” approach now, one official told ET, adding there won’t be “divestment for the sake of divestment anymore” […]

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