The GDP growth is estimated to come at the "deceptively high" level of 20 per cent for the April-June 2021 quarter but is far below the same in the pre-COVID times, rating agency Icra said on Wednesday. Icra said the low base of the last year, when the GDP had contracted by close to 24 per cent, "conceals" the impact of the second wave of COVID-19 infections. Economic activity is boosted by robust government capital expenditure, merchandise exports and demand from the farm sector, it said, estimating the GDP to grow by 20 per cent and the gross value added (GVA) will register a growth of 17 per cent for the June quarter.
Adar Poonawalla said the real challenge lies in taking the vaccine to the "common man, to the vulnerable groups of people and to healthcare workers".
The bus came under fire from terrorists in Zewan in Pantha Chowk area this evening, police officials said.
The criminal case filed under the Prevention of Money Laundering Act is linked to the recovery of at least two diaries by the ED after raids on an alleged associate of Mehbooba, a former Jammu and Kashmir chief minister.
As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank. These firms would make a virtual presentation before the Department of Investment and Public Asset Management, which is handling the sale process, on August 10, according to a notice by DIPAM. The firms that have bid for acting as transaction advisor are Deloitte Touche Tohmatsu India LLP, Ernst and Young LLP, ICICI Securities, JM Financial Ltd, KPMG, RBSA Capital Advisors LLP and SBI Capital Markets.
The Serum Institute of India has informed the Centre that it will be able to supply around 22 crore doses of Covishield in October as the Union government has announced resuming export of surplus Covid vaccines in the coming fourth quarter under the 'Vaccine Maitri' programme, official sources said.
'The muscularity of the last three years didn't bring any dividends and if anything, Chinese attitudes only hardened,' says Ambassador M K Bhadrakumar.
Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a United Kingdom judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated $2 billion Punjab National Bank scam case.
Raising slogans against Lt Governor Manoj Sinha and the administration, the demonstrators, mostly government employees posted in the troubled valley and their kin, demanded that they be provided adequate security or be transferred to Jammu. The employees also threatened en masse resignation from their jobs.
Four persons, including a Pakistani terrorist and his accomplice, were killed in a gunfight in Hyderpora locality of Srinagar late Monday evening. The dead also included the house owner and a doctor, whom police dubbed as 'terror associates'.
People's Alliance for Gupkar Declaration (PAGD) leaders, including three former chief ministers, were put under house arrest on Saturday before a protest against the proposals of Jammu and Kashmir Delimitation Commission, prompting angry reactions from political parties which said such steps will only 'incentivise and facilitate' violent agitations.
'Kudos to the SC & the CJI for standing up to the Govt on the gross misuse of this colonial law of sedition to silence dissent'
The police on Tuesday said businessman Mohammad Altaf Bhat was killed in the "cross-firing" between militants and security forces at Hyderpora on Monday, but he would be counted as a "harbourer of terrorists" as he did not inform authorities about the tenants in his building.
Despite heavy security deployment, groups of farmers from Punjab managed to reach near two Delhi border points on Friday morning after breaking police barricades in Haryana.
Finance Minister Nirmala Sitharaman on Thursday said the government will roll back a steep interest rate cut on small saving schemes such as PPF and NSC -- saying it was an oversight, a move being seen as an attempt by the ruling Bharatiya Janata Party to contain the fallout of a decision hitting the common man in the ongoing elections in West Bengal, Assam and three other states.
The first firing which killed six civilians, occurred when army personnel mistook coal mine workers returning home in a pick-up van singing songs on Saturday evening, to be insurgents belonging to the Yung Aung faction of the banned outfit National Socialist Council of Nagaland-Khaplang (NSCN-K), about whose movements they had been tipped-off.
Congress leaders expressed their solidarity with 21-year-old climate activist from Bengaluru Disha Ravi, who was arrested by Delhi Police for allegedly editing and disseminating the "toolkit" on social media and sent to five days police custody.
Wanted diamond merchant Nirav Modi, whose extradition to India was ordered in April by UK Home Secretary Priti Patel in the estimated USD 2-billion Punjab National Bank (PNB) scam case, has lost the first stage of his extradition appeal in the high court in London.
NCP president Sharad Pawar on Friday said there should be a presentation by the government on what is happening on the India-China border, particularly in Ladakh, where the armies of the two countries are involved in a face-off. Pawar, who is in the national capital to attend a meeting of the Parliamentary Standing Committee on Defence, said there are other defence-related issues on the table for discussion, but he will make a request that a presentation is made on it.
'An ambassador may not be sure whether there would be a war next month, but prudence requires him to take action to see to it that people leave early.' 'Because once the war starts, it will be very difficult to move out.'
Punjab's Deputy Chief Minister Sukhjinder Singh Randhawa has said a probe would be carried out to ascertain whether Aroosa Alam, a Pakistani journalist who has been visiting former chief minister Amarinder Singh for several years, has links with the ISI.
The 50-year-old jeweller, who remains behind bars at Wandsworth Prison in south-west London, had lost the first stage of the high court appeals process last week as a judge declined permission to appeal "on the papers". Modi's lawyers had five days to file a renewal application seeking an oral hearing to plead the case for permission to appeal against the extradition ordered by UK Home Secretary Priti Patel on April 16.
Some reports suggest that the Centre has empowered the BSF to conduct searches, arrest suspects and make seizures up to an area of 50 km inside the Indian territory from the international border.
The letter from Julaniya, in possession of ANI, clearly stated that country of origin of athletes wouldn't be a barrier for them to get visas to come and compete in international sporting events in the country.
The national budget 2019-20 had an outlay of Rs 10,000 crore for Phase-II of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme to boost electric mobility and increase the number of EVs in commercial fleets.
'It is going to be a tough balance for the RBI to manage economic stability and ensure smooth government borrowing.'
Finance Minister Nirmala Sitharaman has rebutted Congress leaders Rahul Gandhi and Randeep Singh Surjewala's allegations regarding "wilful defaulters, bad loans and write-offs", and stated that they have "attempted to mislead people in a brazen manner".
The video message that has gone viral on social media, comes within a day after Gandhi tweeted a video of the same man seen narrating a conversation with his son who recounted how he was injured in the clash with Chinese soldiers at the Line of Actual Control (LAC).
Col N S Bal, who had earned a Shaurya Chakra and ran marathons despite battling cancer, died on Thursday at a hospital in Bengaluru, officials said.
Union Home Secretary Ajay Kumar Bhalla may have a video conference with West Bengal's Chief Secretary Alapan Bandyopadhyay and Director General of Police Virendra on Friday evening after they conveyed their inability to travel to the national capital, officials said.
Former Indian Administrative Service officer A K Sharma was on Friday named a Bharatiya Janata Party candidate for the Uttar Pradesh legislative council polls a day after he joined the party, fuelling speculation that he will get a ministerial post.
A rise in petrol and diesel consumption can help the government cut cesses on the fuels by Rs 4.5 a litre without impacting revenue collections of FY21, and help cool off the pressure on inflation, domestic rating agency ICRA said on Friday. Petrol consumption is estimated to increase 14 per cent in 2021-22 and diesel by 10 per cent on the lower base, rise in mobility and economic recovery, ICRA said. The rating agency added that it will result in an additional Rs 40,000 crore in revenue for the government through higher collections of the cess.
Rahul said it is clear that the management of the first and second wave of COVID-19 was "disastrous".
The UK court, which had been presented with detailed submissions regarding the precarious mental health of Nirav Modi and a family history of depression and suicide during the extradition proceedings, concluded on Thursday that the diamond merchant's state of mind may well benefit from a move from his London prison cell to Barrack 12 at Mumbai Central Prison on Arthur Road. As part of a very comprehensive judgment handed down by District Judge Samuel Goozee at Westminster Magistrates' Court in London in which he found a prima facie case of fraud and money laundering against the 49-year-old diamond merchant, it is noted that Modi's risk of suicide may be high but there is no evidence to point to immediate suicidal intentions. The judgment refers to the expert defence witness who had assessed Modi, forensic psychiatrist Andrew Forrester, to point out that Barrack 12 may well be a positive change from Wandsworth Prison in south-west London where he is being held on judicial remand, with the COVID-19 pandemic playing a "significant role" in the deterioration of his "depressive disorder".
The UK judge who handed down his judgment on Thursday in favour of the extradition of Nirav Modi to face charges of fraud and money laundering in India said he had found no evidence of adverse political influence in the case, as claimed by the diamond merchant's legal team.
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'Why don't you resign from the Lok Sabha? Why does the Akali Dal party not withdraw support from the Modi government?'
Currently, the country is using two 'made-in India' jabs -- Covishield and Covaxin -- to inoculate its billion-plus population and has administered 20 crore doses since launching the world's largest vaccination drive in mid-January. A third vaccine, Russian-made Sputnik V, has been approved by the government and is being used on a smaller scale at present.
GST collections in March touched a record high of over Rs 1.23 lakh crore, a 27 per cent growth over the year-ago period, the Finance Ministry said on Thursday. "GST revenues crossed above Rs 1 lakh crore mark at a stretch for the last six months and a steep increasing trend over this period are clear indicators of rapid economic recovery post pandemic," the ministry said. Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, income tax and customs IT systems and effective tax administration have also contributed to the steady increase in tax revenue over last few months, it added.
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