Economy / The New Indian Express
NEW DELHI: The Congress on Tuesday warned that a bill introduced in the US Senate, proposing a 25 per cent tax on any American payments for outsourced work, will light a fire in the Indian economy if it becomes a reality. Congress general secretary in-charge of communications, Jairam Ramesh, made the remarks while referring to the Halting International Relocation of Employment Act, or HIRE Act , introduced on October 6 by Senator Bernie Moreno of Ohio. The bill has been referred to the Senate Co
DEHRADUN: Uttarakhand Chief Minister Pushkar Singh Dhami on Friday launched the first phase of the ambitious Rs 185.20 crore Sharda Corridor project at Sharda Ghat, Tanakpur, describing it as a monumental convergence of faith, culture, and sustainable development for the region. The Chief Minister said the project aims to transform the valley stretching from Banbasa to Mata Rankochi into a vibrant confluence of religion, nature, and employment opportunities. This land will no longer be merely a
NEW DELHI: Aviation regulator DGCA has decided to empanel private aeromedical evaluation centres for conducting civil aviation medical tests, with the pilots' grouping ALPA India saying the move will streamline pilot medicals, ensure higher efficiency and greater compliance with international norms. Welcoming the decision, the Airline Pilots' Association of India (ALPA India) said it marks the end of routine civil aviation medicals being conducted at Indian Air Force (IAF) centres. The move, lon
NEW DELHI: Russian Ambassador to India DenisAlipovon Thursday stressed the importance of Russias oil supplies to India , describing them as very beneficial and aligned with Indias national interests. Addressing questions here about Indias continued purchase of Russian energy amid repeated pressure from US President Donald Trump,Alipovemphasisedthat the Indian governments decisions are driven by its own priorities. The Indian government is acting, having in mind the national interests of this cou
MUMBAI: India is on track to become the third largest economy by 2028 and the UK is perfectly placed to be a partner in this journey, British Prime Minister Keir Starmer said on Thursday. Addressing a news conference here, he expressed confidence that US President Donald Trump's Israel-Hamas peace plan will bring relief to the hostages, civilian population in Gaza, and the whole world. The India-UK trade deal is a launchpad to boost British leadership in areas ranging from technology to life sci
MUMBAI: The operating crew of Air India's Amritsar-Birmingham flight reported that the Boeing 787's Ram Air Turbine (RAT) unexpectedly deployed during the final approach on October 4, but the aircraft landed safely, the airline said on Sunday. RAT deploys automatically in the eventuality of a dual engine failure or total electronic or hydraulic failure. It uses wind speed to generate emergency power. Air India said it has cancelled its Birmingham-Delhi flight as the aircraft has been grounded fo
VISHAKAPATNAM: Union Finance Minister Nirmala Sitharaman on Wednesday said the Next Gen GST reforms have infused Rs 2 lakh crore into the economy, which has left people with more cash on hand, which otherwise would have gone to taxes. Addressing the Outreach and Interaction Program on Next Gen GST Reforms, she also said, following the tax reforms, 99 percent of goods under 12 percent GST slab have moved to five percent. The rejig has resulted in 90 percent items under 28 percent tax slab slippin
KOLKATA: Shyama Prasad Mookerjee (SMP) Port, Kolkata, on Tuesday said it will extend all support to trade for smooth cargo movement to Nepal in view of the ongoing crisis in the neighbouring country. Nepalese Prime Minister K P Sharma Oli resigned amid massive anti-government protests, during which demonstrators vandalised the parliament building and attacked the residences of several top politicians, including President Ramchandra Paudel. SMP Port Deputy Chairman Samrat Rahi told PTI that Nepal
NEW DELHI: Civil Aviation Minister Ram Mohan Naidu has announced that the government would take efforts to amplify real estate activities within close proximity to upcoming and new airports in order to ensure sectoral growth to 15% in the near future. An official release said the Minister made the announcement during the second day of the National Real Estate Development Councils (NAREDCO) 17th National Convention on Saturday. The Minister indicated that a study is being undertaken to draw devel
It may be pure chance that the next round of big-bang reforms directed towards Indias internal economy has come at a time of turbulence on the external front. But its a happy coincidence all the same that GST is getting pruned and simplified, offering a new impetus to consumption, at a time of very erratic weather for exports. The vexed Goods and Services Tax, which has completed eight years with a complex ziggurat-like architecture, is finally getting rationalised into a slimmer, neater structu
PUNE: Congress MP Shashi Tharoor has said US President Donald Trump's remark terming India a 'dead economy' was meant to be an insult and must not be taken literally. Tharoor on Sunday said that when wars are being conducted with the active involvement of some of the biggest powers, and people who are supposed to be upholding world order are contributing to promoting disorder, India needs to be very clear about its national interests. The senior Congress leader, who was in conversation with Cros
LUCKNOW: In light of US President Donald Trumps recent claim that the Indian economy was dead, Prime Minister Narendra Modi on Saturday responded to him, without directly referencing the remark, by asserting that India was on its way to becoming the worlds third-largest economy while the world was grappling with an atmosphere of instability. There is an atmosphere of instability across the globe. Every country is focused on its individual interests. India is set to become the third biggest econo
NEW DELHI: The Congress on Friday claimed that the Indian economy has been well and truly devastated by a series of five Modi-inflicted shocks, and said the government as well as its cheerleaders are being economical with the truth of the real state of the economy. Congress general secretary in-charge communications Jairam Ramesh said the Modi government, its drumbeaters and cheerleaders are living in a make-believe world. The opposition party's assertions came a day after former Congress presid
The BJP flayed Rahul Gandhi on Thursday for echoing US President Donald Trump's dead economy jibe at India , calling it a shameful insult to the aspirations, achievements and well-being of the people of the country as it asked the Congress leader why he epeats foreign propaganda that undermines the country. This came after Gandhi said everyone except Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman knows that the Indian economy is dead, as he accused the BJP-led government o
NEW DELHI: In order to ensure inclusive communication and last-mile information delivery in every language across the country, the Ministry of Information and Broadcasting is moving towards adopting AI-based solutions that can bridge linguistic divides. The Secretary of Ministry of Information & Broadcasting Sanjay Jaju on Thursday held a meeting with Incubators and Startups from across the country, working on AI/ML-based technology solutions at the T-Hub in Hyderabad. Apart from the CEO of T-Hu

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