User: iihs_blore Topic: iihs_blore_ab
Category: All-Channels :: Urban Economic Growth and Development
2 new since Jun 19 2019 04:18 IST RSS 2.0
 
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5 startups get Rs 35 lakh each 19.6.2019 The Shillong Times
New Delhi: Facebook-owned WhatsApp and Invest India on Tuesday picked 5 Indian startups who would receive nearly Rs 35 lakh ($50,000) each to further develop country-first products to solve real-life problems being faced by millions in the country. The start-ups are digital healthcare platform MedCords; virtual reality content platform Melzo; WhatsApp-based conversational AI platform Javis; […]
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Slowdown, jobs Sitharaman's twin challenges 19.6.2019
The full Budget 2019-20 to be presented by the new finance minister, Nirmala Sitharaman, on July 5, 2019, is a good trigger to bring the Narendra Modi 2.0 government back into development mode. This being the first Budget of the NDA 2.0, it is easy in some respects and difficult in others. With NDA returning to power, no radical shift in policies and programmes is needed, which makes the task of the FM easier. But the fact that this budget is being prepared against the backdrop of slowing down of economic growth and high unemployment rate make the task of the FM somewhat difficult. Niti Aayog vice-chairman Rajiv Kumar, who got reappointed for another term, is right in saying that that private investment has to lead the way for the next phase of growth. So, public investment must be such as to crowd in private investment. But the private investment needs to come not from crony capitalists or investors but from the new class of entrepreneurs and capitalists who believe in the virtues of competition, ...
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RBI to examine concerns over data localisation rule: Govt 19.6.2019 Business – The Navhind Times
PTI New Delhi The RBI will examine concerns around its strict data localisation rules that require storing of customer data exclusively in India without creating mirror sites overseas, the government said Tuesday. The Reserve Bank of India (RBI) in April last year asked payment firms to ensure their data are stored exclusively on local servers, …
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Kareena Kapoor Khan to cameo in Saif Ali Khan's latest? 19.6.2019
Ever since Saif Ali Khan and Kareena Kapoor  Khan were spotted in London shooting for their films Jawaani Jaaneman and Angrezi Medium respectively, rumours have sprung up that Bebo could have a cameo in her husband"s latest film. However, the film trade is not too gung-ho about Kareena and Saif as a pair on screen. Saif and Kareena have been in a few films together till date, including disasters like LOC Kargil and Tashan before they got together in real life. Later on, they did films like Agent Vinod, and then Kareena was spotted in a cameo in the Saif Ali Khan-Ileana DCruz starrer Happy Ending. "But it has not been a happy ending for Saif and Kareena together in their films. People have rejected the pair together. "Pata nahin (don"t know), why there is this obsession to cast them together. Agreed that it makes news, but it does not make sense for the trade. The film business gets excited only when the couple have given hits together," explains a trade source. Media ...
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United States almond growers blame Donald Trump 19.6.2019
Washington: A top US Senator has slammed President Donald Trump for "damaging" trade ties with India, saying his actions are hurting California almond growers who export more than $650 million worth of nuts to the country every year. California Senator Dianne Feinstein's criticism of the US President came days after India announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium. "India just placed a 75 per cent tariff on almonds in response to President Trump's trade war. His actions are hurting Californians. "California almond exports to India are worth more than $650 million a year. The president must stop damaging trade relations with our allies," Senator Feinstein said. Almond growers in the US are a worried lot as authorities last month predicted a record California almond crop for the upcoming production year. According to the ...
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Paul defends KHADC’s action to close down Swiggy services in state 18.6.2019 The Shillong Times
SHILLONG: Following the closure of the Swiggy services by Khasi Hills Autonomous District Council (KHADC) due to the want of trade license, the Executive member in charge of Trade,  Paul Lyngdoh has asserted that the firms and companies who want to operate here must possess trade license “Just because you employ local boys and girls, ...
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PM Narendra Modi meets key secretaries in run up to Budget 18.6.2019
New Delhi: Ahead of the maiden budget of his second term in office, Prime Minister Narendra Modi on Tuesday brainstormed with top bureaucrats of finance and other ministries for ideas to reverse a slagging economy and create jobs. Sources said the meeting at the Prime Minister's residence had in attendance all five secretaries in the finance ministry as well as Niti Aayog officials. Modi is likely to have discussed the reforms road map for every department with a view to making it easier to do business in the country and boost the economy. The agenda for increasing revenue mop-up and taking reform steps to push GDP growth, which has slipped to a 5-year low of 6.8 per cent in 2018-19, may have also figured in the meeting, they said. Data showed that even though inflation continued to be within the RBI's comfort range, economic growth in January-March quarter slumped to a 5-year low of 5.8 per cent, pushing India behind China, due to a poor showing by agriculture and manufacturing sectors. With ...
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Commerce Minister holds meeting with e-Commerce, tech companies 18.6.2019 Central Chronicle
Agencies, New Delhi Union Commerce and Industry Minister Piyush Goyal held an extensive consultation with tech industry and e-Commerce companies to understand their concerns and take their suggestions towards building a robust data protection framework that will achieve the dual purpose of privacy and innovation and strengthen India’s position as a global tech leader with […]
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Jet stock plummets 53 pc, over Rs 400 cr investor wealth drained 18.6.2019 The Asian Age | Home
Insolvency proceedings against Jet Airways likely to begin this week.
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Trump launching re-election campaign defiantly facing odds 18.6.2019 The Assam Tribune
Trump launching re-election campaign defiantly facing odds
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Rupee rises 11 paise to 69.80 vs USD in early trade 18.6.2019 The Assam Tribune
Rupee rises 11 paise to 69.80 vs USD in early trade
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‘India’s trade outlook fragile due to tension with US’ 18.6.2019 Business – The Navhind Times
IANS New Delhi India’s near-term trade outlook is fragile as its retaliatory tariffs on US products come amid a global slowdown, a report said. Trade deficit remained elevated in AMay and widened to $15.36 billion from $15.33 billion in April and a comparable $14.62 billion the same month last year. “The near term outlook for …
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Jet Airways hits all-time low, stock plunges over 40% 18.6.2019 DNA
Investors said the stock has erased market cap of Rs 2,800 crore in the past six months. Besides, the stock lost 73 percent of its value in the past seven days.
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Modi readying to sell off weak PSU banks to fund rural homes 18.6.2019 The Asian Age | Home
India's central bank and the govt is in the midst of cleaning up a banking system saddled with the world's worst NPA ratio.
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Gold edges up by Rs 100, silver rises Rs 130 18.6.2019
New Delhi: Gold prices rose by Rs 100 to Rs 33,720 per 10 gm at the bullion market in the national capital on Tuesday on the back of positive demand from local jewellers amid favourable trend overseas, according to the All India Sarafa Association. Similarly, silver prices increased by Rs 130 to Rs 38,220 per kg on account of increased offtake by industrial units and coin makers. Traders said positive global market and demand from local jewellers pushed the prices upwards. In the international market, spot gold was trading up at USD 1,344.90 an ounce, while silver was up at USD 14.96 an ounce in New York. In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 100 each to Rs 33,720 and Rs 33,550 per 10 gram, respectively. Sovereign gold, however, remained unchanged at Rs 26,800 per eight gram as compared to the previous close. Silver ready jumped by Rs 130 to Rs 38,220 per kg, while weekly-based delivery rose by Rs 140 to Rs 37,256 per kg. Prices of silver coins saw no change ...
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Modi readying to sell off weak PSU banks to fund rural homes 18.6.2019
New Delhi: The Narendra Modi government is selling controlling stake in a few smaller public sector banks (PSBs) to raise funds for schemes for the poor. The proposition being considered includes offering a larger part of stake in a few weaker banks and use the proceeds to fund Prime Minister Narendra Modi"s ambitious rural housing program, sources told Bloomberg, asking not to be identified as the proposition is at an early stage. The modalities are still being worked out and, in case endorsed, it might be included within the budget to be presented on July 5, they added. Modi"s administration is under pressure to raise spending on welfare programs and accelerate development after winning the recently concluded Lok Sabha elections. In case the plan is finalised, the government will have to revise a law to empower it to sell majority controlling stake in state-run banks, the sources said. Two calls made to Finance Ministry spokesman D S Malik by Bloomberg remained unanswered. India"s ...
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Legislation moved to bring India at par with NATO allies 18.6.2019 World News – The Navhind Times
PTI          Washington Two top American lawmakers have moved a legislation in the Senate, seeking key amendment in the country’s Arms Control Export Act to bring India at par with the US’ NATO allies — Israel, Australia, New Zealand and South Korea — when it comes to sale of high-tech military items. The necessary amendment …
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Meghalaya capital eyes Presidential retreat 18.6.2019 The Assam Tribune
Meghalaya capital eyes Presidential retreat
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Deb urges Centre to take up issue of trade restrictions with Dhaka 18.6.2019 The Assam Tribune
Deb urges Centre to take up issue of trade restrictions with Dhaka
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Five rescued 18.6.2019 The Assam Tribune
Five rescued
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