India and the US have signed an agreement to promote innovation through increasing cooperation among startups, address regulatory hurdles and share best practices on fundraising by entrepreneurs, an official statement said on Wednesday. The memorandum of understanding (MoU) on enhancing innovation ecosystems through an innovation handshake under the framework of India-US Commercial Dialogue was signed on November 14 in San Francisco. Commerce and Industry Minister Piyush Goyal is in San Francisco.
India's economic growth will be above 6 per cent in the current fiscal as the country has managed to strengthen its macroeconomic stability and performance even in a period of large global shocks, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said on Monday. Goyal further said that a global slowdown reducing India's export growth, geopolitics fueling oil and food prices, and erratic weather are some of the continuing risks that the country faces. "India has managed to strengthen its macroeconomic stability and performance even in a period of large global shocks.
An articulate ex-banker and a chartered accountant by training, Piyush Goyal is particular about numbers.
The high point of the trip will be Goyal's meeting with US Trade Representative Robert Lighthizer on November 13, which is expected to see the USTR push India towards lower import duties in a broad range of areas.
Terming infrastructure as the "backbone" of any nation's development, Goyal while presenting the interim Budget for 2019-20 in the Lok Sabha said India aspires to be a USD 10 trillion economy in the next eight years, and on the anvil is next generation infrastructure of roads, railways, seaports, airports, urban transport, gas and electric transmission and inland waterways.
It noted the prosecution's submissions about the need to take Kumar to Mumbai and other parts of the national capital to collect evidence, which was not possible without the accused's custody.
South Africa might have faltered at the finishing line but their maiden final appearance in the T20 World Cup earned them accolades from local and expatriate fans
In the coming assembly election, negotiations over seat-sharing will be as important as actual outreach to voters.
The Reserve Bank of India's (RBI's) job to bring down inflation is not over, and any premature move on the policy front could undermine the success achieved so far on the price situation, according to RBI Governor Shaktikanta Das. RBI's rate setting panel, Monetary Policy Committee (MPC), had met for three days from February 6-8. The panel decided to leave the key policy rate unchanged at 6.5 per cent for the sixth time in row.
There is also speculation within the BJP that its national president J P Nadda, whose extended tenure will end by this month and who was among the leaders meeting Modi, may also be brought back in the government.
When the Chair asked Chowdhury to raise a point of order, Goyal stood up and said that he would not allow the Congress leader to speak in protest against the disruption of the external affairs minister's statement earlier in the day on India's foreign engagements since the Budget session.
The Union ministers and farmer leaders had met earlier on February 8, 12 and 15 but the talks remained inconclusive.
A picture showing Indian flag placed upside down during the meeting of two ministers went viral. The picture was released by photo agencies.
In the post on X, Mahajan said, "I will be indebted to the family-like people from Mumbai North Central who treated me not just as an MP but gave me affection like a daughter."
Bihar's demand for electricity was assessed at 2,994 MW
The Bharatiya Janata Party suffered a setback in Lok Sabha polls in Maharashtra on Tuesday, with its tally dwindling by less than half compared to 2019, while the opposition Maha Vikas Aghadi of Congress, Shiv Sena-Uddhav Balasaheb Thackeray and the Nationalist Congress Party-Sharadchandra Pawar was on a roll, pocketing 30 of the 48 seats.
Here are the key highlights of the Interim Budget 2019-20 presented by Finance Minister Piyush Goyal in the Lok Sabha on Friday.
Of the Rs 1.97 trillion that the government intends to spend on all 14 production-linked incentive (PLI) schemes, around Rs 41,000 crore remains unutilised as of now, according to a senior government official. This means that 80 per cent of the total allocated amount, or Rs 1.56 trillion, will be used to pay incentives to companies eligible to claim benefits over the next few years. The unutilised amount/savings result from undersubscription, lukewarm responses in the case of schemes such as textile, as well as a reduction in the allocation of schemes.
While there are some new faces in the cabinet, leaders such as BJP president JP Nadda and Jual Oram have returned as ministers.
Among the new entrants to the Union cabinet, former Madhya Pradesh chief minister Shivraj Singh Chouhan has been given the agriculture and rural development portfolios, Bharatiya Janata Party president J P Nadda the health portfolio and former Haryana chief minister Manohar Lal Khattar the power portfolio.
Shrirang Barne, an MP of Shiv Sena led by Eknath Shinde, on Monday expressed disappointment over the party not getting a cabinet berth in the newly-formed Narendra Modi-led government and alleged partiality.
Goyal said he tried to buy out ColorPlus from Raymond a few years ago.
The Centre is unlikely to offer new direct tax incentives for units operating in special economic zones (SEZs) and may instead allow the grandfathering of previous exemptions that such units were entitled to, according to proposed amendments to the SEZ Act, 2005, people aware of the matter said. The amendments, proposed by the commerce department, will soon be considered by the Cabinet for approval. This represents a departure from the department's earlier plan to introduce these changes through the Development Enterprises and Services Hubs (DESH) Bill, 2023, which faced strong criticism from the ministry of finance.
Bollywood celebrities like Prasoon Joshi, Bhushan Kumar, Ritesh Sidhwani, Anu Malik, Abhishek Kapoor, Kunal Kohli, Vipul Shah, Urvashi Rautela, Kailash Kher, Ranvir Shorey, and Anil Sharma were among the Bollywood personalities who attended a special meeting with Union minister Piyush Goyal and Bharatiya Janata Party vice-president Bijayant Panda on Sunday as part of central government's Citizenship Amendment Act outreach programme. The dinner was organised at a five-star hotel in Mumbai and was an invitation-only affair.
The Centre on Thursday hiked Dearness Allowance (DA) to 50 per cent of basic pay from the existing rate of 46 per cent effective from January 1 this year, benefitting over 1 crore employees and pensioners ahead of general elections. The Union Cabinet has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners from January 1, 2024, representing an increase of 4 percentage points over the existing rate of 46 per cent of the basic pay/pension, to compensate against price rise, Union Minister Piyush Goyal said after the Cabinet meeting.
Besides Defence Minister Singh (Lucknow), Minister of Women and Child Development Irani (Amethi), those in the fray are Minister of State for Housing and Urban Affairs Kaushal Kishor (Mohanlalganj) and Minister of State of Consumer Affairs Sadhvi Niranjan Jyoti (Fatehpur).
Lyricist Javed Akhtar said that Hindus have always been tolerant, adding that democracy in India existed because of Hindus at an event in Mumbai on Friday.
This meeting came in the backdrop of a controversy raked up by some politicians, including those from Bharatiya Janata Party, Communist Party of India and Trinamool Congress, who objected to the sale of 24 per cent of Jet's equity to Etihad at a cost of Rs 2,058 crore, saying it was not in the national interests.
National Democratic Alliance nominee Om Birla was elected as Lok Sabha speaker on Wednesday after a motion moved by Prime Minister Narendra Modi was adopted through voice vote, capping intense debate on the issue with the opposition in a rare move proposing its own candidate.
All six members of the Reserve Bank of India's (RBI's) monetary policy committee (MPC) expressed caution over food inflation during the December review, while two external members warned about high real interest rates as headline inflation approaches its target of 4 per cent. The central bank continued to maintain the status quo on both the repo rate and the stance in the December monetary policy. India's retail inflation in November rose to 5.5 per cent - its fastest pace in three months - due to higher food prices.
The event that was inaugurated by five-time world champion Viswanathan Anand will have 11 rounds before the best player in the under-20 category can be determined in both sections.
The increase in production will be from the existing mines.
The constituency of Mumbai South, home to industrialists as well as high-ranking government officials, fared the worst with 47.7 percent voting.
The government's largesse was widely expected after the ruling Bharatiya Janata Party lost power in the recent assembly polls in three Hindi heartland states, where rural distress was cited to be one of the reasons for the defeat of the saffron party.
The Delhi Police in its remand paper submitted late Saturday evening seeking seven days custody of Delhi Chief Minister Arvind Kejriwal's aide Bibhav Kumar regarding the alleged assault on Aam Aadmi Party Rajya Sabha member Swati Maliwal said that it was a 'serious case' where the 'brutal assault' could have turned 'fatal'.
'The people preferred Uddhav Thackeray and Sharad Pawar...'
Expressing gratitude to the media and the government for the release of merchant ship Stolt Valor, its captain Prabhat Goyal said on Tuesday that the Indian Navy should engage in "hot pursuit" to deal with pirates.
The Tejas Express between Ahmedabad and Mumbai Central will run six days a week except on Thursday. The train will halt at Nadiad, Vadodara, Bharuch, Surat, Vapi and Borivali stations in both directions. The train will have AC Chair Car Executive Class and AC Chair Car coaches. Meals will be served to passengers by on-board service staff.
Coal India would open 60 new mines soon, the minister said.
According to CAIT, e-commerce policy should take within its ambit not only foreign players but also domestic ones.
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