China is ready to take "conciliatory steps" in order to avoid new violations of the obligations on the India-Chinese border, Chinese Foreign Minister Wang Yi said on Friday, a day after holding a crucial meeting with External Affairs Minister S Jaishankar over the current standoff in Ladakh. Speaking during a joint press conference with Russian Foreign Minister Sergey Lavrov, Wang said troops and equipment should be withdrawn from the Line of Actual Control (LAC).
With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts. Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) - Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem - constitute the divestment list. All the three units of SAIL have been loss-making for more than five years.
Making a case for an optimal fiscal stance, the Economic Survey on Friday said growth leads to debt sustainability and not necessarily vice-versa. "This is because debt sustainability depends on the 'Interest Rate Growth Rate Differential' (IRGD) i.e. the difference between the interest rate and the growth rate in an economy. "With the Indian context of potential high growth, the interest rate on debt paid by the Indian government has been less than India's growth rate by norm, not by exception," it said.
The price for pushing the envelope beyond the comfort zone that the land of storytelling is used to is a hefty one, observes Meghna Chadha.
'It is difficult to see how we will be able to get out of the hole that we have dug ourselves into and are digging deeper into,' notes Aakar Patel.
President Ram Nath Kovind addressed the nation on the eve of India's 75th Independence Day. Here's the text of what he said:
Almost all banks that issue contactless cards provide users with a 100 per cent liability cover.
Speaking with reporters, Gandhi said, "This (school) is India's future. Hate and violence has destroyed it. Nobody has benefited from this. Violence and hate are enemies of development."
Being part of category-I implies lower compliance burden, simplified know-your-customer norms and documentation requirements, and fewer investment restrictions.
India will sit in the 15-nation United Nations Security Council (UNSC) for the 2021-22 term as a non-permanent member - the eighth time that the country has had a seat on the powerful horseshoe table.
Dr Kalam continues to live in the imagination of the people of this nation and remains a role model for the youth and missile and space scientists who are diligently following his vision to achieve new laurels for India, notes S M Khan, who served as President Kalam's press secretary.
A BMW car hit a pedestrian who was walking on the city's Embassy Road at around 8am and attempted to flee, Geo News reported quoting some eyewitnesses.
A model being considered is to have a combined cold chain approach - where the agricultural cold chain would be combined with vaccine cold chains.
Defending champion Lakshya Sen pulled out of the SaarLorLux Open Super 100 tournament after his father-cum-coach D K Sen tested positive for COVID-19 in Saarbrucken.
As the UN marks 75 years of its existence, the 193-member UN General Assembly adopted a forward-looking political declaration that gave a clarion call for strengthening mechanism to combat terrorism, reformed multilateralism, inclusive development and better preparedness to deal with challenges like the COVID-19 pandemic.
'We are a great sporting country but need to have a sporting powerhouse. We have to make sports as a way of life. To begin this movement on the birthday of Chand is the best tribute we can pay to him'
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
ED has come across two immovable assets - one flat in Dubai and one land parcel in London. It is examining the valuation of both properties, estimated between Rs 150 crore and Rs 200 crore.
'We need to prove to the world that quality vaccines and R&D are possible in India.'
The joint statement said Jaishankar and Wang agreed that both sides should take guidance from the series of consensus reached between leaders of the two countries on developing India-China relations, including not allowing differences to become disputes.
"India is a welfare state and, therefore, we cannot allow either extreme poverty or inequality," he said.
The bombs to be procured are an advanced version of the Spice-2000 bomb, which can be used to reduce enemy buildings and bunkers to rubbles in no time.
'All political parties have exploited the police. The current government at the Centre is blatant and unapologetic about it.'
Processes are at an advanced stage for a number of assets of the Centre and central public sector enterprises (CPSEs) to be monetised. The assets include office space, apartments, factories, land, power transmission assets, sports stadia, gas pipelines, and telecom assets.
'We are going ahead with the trials assuming what we have is the vaccine.' 'There is also a chance that what you have is not the vaccine. Then, you have to go back to the drawing board again.' 'So far, there has been no success in developing a good vaccine against coronaviruses.' 'That's why there are hundreds of trials going on at different stages in different parts of the world.'
The divestment target remaining unchanged, from the 2019-20 interim Budget, this year means the Centre will now have to depend on non-tax revenue sources like dividends from the RBI, PSBs and PSUs, as there are real concerns of a tax revenue shortfall. The fiscal deficit target of 3.4% of GDP for 2019-20 is likely to be retained as well.
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
The new hires will work in cutting-edge domains of artificial intelligence, machine learning, IoT, natural language processing, camera technology and 5G networks.
The article also said that the opposition Congress party has little to offer other than the dynastic principle.
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
Sources said valuation of all these assets was an ongoing process, and the mode and manner of disposal would be decided on a case-by-case basis
The 'Swachh Survekshan-2017' ranked Gonda as the dirtiest city and Bhusawal in Maharashtra stands second-last in the ranking.
'With Taliban rule in Afghanistan, Pakistan and the unemployed jihadis will certainly turn their gaze to India and Kashmir.' 'Despite this imminent danger to national security, defence preparedness does not find a mention in the ongoing electoral campaign,' says Colonel Anil A Athale (retd).
Pointing to farmer suicides and unemployment in the country, he said the last three years were a 'betrayal' of the mandate.
The government is buying out the shares of India Ports Global, which are now held in a 60-40 ratio by the JNPT and Deendayal Port Trust in Kandla.
On the one side there is a strong 'chowkidar', on the other, a line of tainted people, the prime minister said.
The docking of two Chinese submarines at the Colombo harbour in 2014 had angered India, which said it undermined its security interests.
'My passion is dancing and music. What is wrong with that?'
"Sath hai, vishwas hai, ho raha vikas hai," the PM said.
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