Given the strong fundamentals of the Indian economy, it will be able to sustain a growth rate of over 8 per cent over the next ten years and continue to attract investments in services and manufacturing sectors, Indian Minister of State for Commerce and Industry said in New York. "Despite some developments that are not favourable, we will still manage to have robust growth," Ashwani Kumar said.
Congress leaders are now in a "wait and watch" mode over the possible ripple effect of Punjab developments in faction-ridden Rajasthan and Chhattisgarh, the only two states other than Punjab where the party is in power on its own.
With economic offences seeing an increase, the CBI has written to the Institute of Chartered Accountants of India (ICAI) to probe the growing number of white collar crimes.
Union Minister of State for Industry Ashwani Kumar has asked investors to grab the opportunities in the fast expanding infrastructure, manufacturing and consumer goods sectors in the country.
The minister also said that we should not paint the entire private sector companies as villains because of one bad firm. He said that the government will take steps to restore investor confidence, but did not elaborate on the issue.
After prevailing upon steel producers to reduce prices, the government on Thursday got assurance from cement producers also that they would substantially cut prices voluntarily.The assurance from manufacturers came after government announced to take tough action against them, besides banning exports and allowing duty free import of cement.
CBI director Ashwani Kumar said the Satyam fraud was unique, as it was the founder, and not an outsider, who is the accused. According to sources, the fraud involves an amount that is much bigger than the Rs 7,800 crore (Rs 78 billion) estimated originally. It could be close to Rs 10,000 crore (Rs 100 billion) based on over 7,000 fake invoices and forged documents retrieved by the agency.
It is understood that he was confirmed positive for coronavirus on Thursday night.
Indian Minister of State for Industry Ashwani Kumar speaks on 'The India factor and a comparative analysis of the opportunities and risks in China and India' at Waldorf Astoria in New York on June 4.
Ashwani Kumar, the new CBI chief, is a man with a difference. He is, perhaps, the first officer to sense the plight of mediapersons waiting outside his office in New Delhi, braving scorching sun and rains.
Citigroup Inc, the largest US bank, has asked India to liberalise its financial services sector, saying it would help the country maintain and improve over eight per cent GDP growth.
Union Minister of Commerce and Industries Kamal Nath, would lead a high powered team to Davos in Switzerland sources in the government of India said in an informal chat with rediff.com.
First look on the Japan PM Shinzo Abe's arrival in New Delhi.
West Bengal Governor M K Narayanan on Friday demitted office and left for Chennai along with his wife Padmini.
The government is preparing a draft policy for special investment regions that would be spread over an area of hundreds of kilometres and offer investors all the infrastructure for setting up manufacturing units.
India on Tuesday asked foreign entrepreneurs to take advantage of the investor-friendly atmosphere in the country and said it was the right time to pump money in the country, especially in its manufacturing sector.
India is seeking major investments in the manufacturing sector as a part of its effort to take the benefits of development to the poorest of the poor, Minister of State for Industry Ashwani Kumar said.
The heart and stomach were missing as they had been taken out during the first autopsy conducted at Jinnah Hospital in Lahore.
The special POCSO court in Muzaffarpur passed the order on Friday on an application filed by an accused.
The Congress leader alleged that BJP-appointed governors have violated the Constitution and have in the process "gravely impaired" parliamentary democracy, its conventions and traditions.
The CBI team under Kumar had concluded that Aarushi and domestic help Hemraj were murdered by Krishna Thadarai- help at Talwar's clinic, his friend Rajkumar-- a domestic servant with Praful and Anita Durrani who were Talwars' friends, and Vijay Mandal, driver of Talwars' neighbour.
A bench of justices Dipak Misra and Amitava Roy said it is not inclined to entertain the plea of BJP spokesperson Ashwani Kumar Upadhyay after Attorney General Mukul Rohatgi submitted that the petitioner should file a proper application.
West Bengal Governor M K Narayanan on Monday resigned, becoming the fourth person occupying the gubernatorial post to put in his papers since the National Democratic Alliance government prodded some of the Governors appointed during the United Progressive Alliance rule to quit.
Security has been tightened along the unfenced 64-km-long border near the tri-junction of Mizoram-Tripura-Bangladesh in the state's Mamit district ahead of the November 25 Assembly polls, state Chief Electoral Officer (CEO) Ashwani Kumar said.
'The uncertainty on future leadership needs to be dispelled. It is already late as if today is yesterday. If necessary, a direction can be given to Rahul Gandhi to assume leadership'
The party asked Prime Minister Narendra Modi why a conspiracy was being hatched to destroy the minimum support price (MSP) system and snatch the livelihood of 62 crore farmers.
In her condolence message for Patel, who served as her political secretary for years and was the All India Congress Committee treasurer, party chief Sonia Gandhi said, 'In Shri Ahmed Patel, I have lost a colleague, whose entire life was dedicated to the Congress Party.'
The home ministry has revoked the decision of Delhi government to repatriate its Principal Secretary (Home) and (Land and Buildings) Dharam Pal to the Centre terming it ab initio void and asserted that powers to transfer AGMUT cadre officers rests only with the Centre.
Karnataka Governor H R Bhardwaj and Tripura Governor Devanand Konwar will retire on Saturday and governors of Tamil Nadu and Mizoram have been given the additional charge of the two states respectively.
Neiphiu Rio, the three-time chief minister of Nagaland, resigned from the chair along with his council of ministers on Friday.
'There is a special benefit in the matter being taken up by the Supreme Court rather than the high courts.' 'The orders of the high courts are limited, but the Supreme Court order is binding upon everybody.'
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B V Wanchoo on Friday resigned as Governor of Goa as government went about finalising its plans for replacing the Governors appointed during the previous UPA regime.
A day after the world was rocked by the revelations made by what is now being called the Panama Papers, the Indian Express has disclosed a second list of Indians who were involved in offshore companies.
The financial fraud, one of the biggest in the state as per records, was being investigated by the different departments of Himachal Pradesh for the past over four years.
Senior IPS officer Anil Kumar Sinha was on Tuesday night appointed the new CBI Director to succeed Ranjit Sinha who retired in a glare of controversy with the Supreme Court directing him to recuse from 2G spectrum scam case probe.
The Rajya Sabha on Tuesday witnessed a spat between Congress leader Mani Shankar Aiyar and Samajwadi Party member Naresh Agarwal at the fag end of an impromptu debate on illing of five Indian soldiers by Pakistan troops.
Sheila Dikshit on Tuesday signed as Kerala governor becoming the eighth governor appointed by the United Progressive Alliance regime to quit since the National Democratic Alliance government came to power in May this year.
Despite a slow down in polling at midday due to the scorching heat, voter turnout was around 50 per cent till 2 pm on Friday for elections to the lone Mizoram Lok Sabha seat and by-poll to the Hrangturzo assembly seat.
Microfinance portfolio of SFBs saw a muted growth of about 3% last year
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