'He was not the hit and run kind of a boxer, but a very intelligent boxer.' 'His presence of mind in the ring brought him glory in many international tournaments.'
India needs foreign exchange buffer reserves to insulate itself from exchange rate volatility as we have "no friends" for swap lines and Japan was the only country that helped during the taper tantrum in 2013, former RBI Governor Raghuram Rajan said on Tuesday. Participating in a virtual event organised by economic think tank NCAER, Rajan said during the taper tantrum in 2013, India asked for swap lines, and only country who helped was Japan. "We need this (foreign exchange) reserve buffer to insulate ourselves because we have no friends.
With India being the largest beneficiary of the GSP, it has been hit the most by the latest decision of the Trump administration
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
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TPG was one of the first global private equity firms to enter Asia, opening a Shanghai office in 1994.
'A soft landing of the Indian economy would be a long-term positive for the equity markets.'
Summary of sports events and persons who made news on Saturday
Shiva Keshavan reveals why he feels 'stabbed in the back' after giving his all for the country for 20 years and what keeps him going despite all the recent problems affecting him.
"This is a humanitarian crisis. A crisis of the heart, and a crisis of the soul," Trump said in his maiden prime-time address from his Oval Office.
Hakim won the Santosh Trophy for Services in 1960 and continued to be a part of the squad till 1966. At club level, he played for City College Old Boys (Hyderabad) and Indian Air Force.
'Coupled with e-filing procedures it would really enhance the ability of the judiciary to provide speedier justice.'
'Markets are factoring in a good show by India Inc in Q2.'
India lost the hosting rights of the 2021 men's World Boxing Championship to Serbia after the national federation failed to pay the host fee, prompting the International Boxing Association (AIBA) to terminate the agreement signed in 2017. The elite competition, which would have happened for the first time in the country, will now be held in the Serbian city of Belgrade.
India's existing web of federal and state sales taxes is levied at different stages of the supply chain and often results in double taxation, while forcing trucks to spend nearly a quarter of their road time in border checks or other inspections.
A group of Indian workers in the US have filed a lawsuit in a district court against the Swaminarayan sect BAPS, accusing it of human trafficking and wage law violations during the construction of a massive temple in New Jersey.
A court in Canada has ordered the seizure of amounts collected by the International Air Transport Association (IATA) on behalf of Air India and the Airports Authority of India (AAI). Separate orders were passed on November 24 and December 21 on pleas by shareholders of Devas Multimedia Private Limited who have filed multiple petitions to enforce arbitration awards against the Indian government. According to a Devas spokesperson, more than $30 million has been seized to date under the IATA action.
Salgaocar FC and Sporting Clube de Goa, Indian football's traditional outfits, decided to "withdraw" from the forthcoming season of the I-League over the All India Football Federation's decision to restructure the domestic league system.
'For Indian firms supplying global majors, coronavirus is both a threat and an opportunity.'
India swept the International Hockey Federation's annual awards on Wednesday, claiming all the top honours, based on a voting system which was lambasted as a "failure" by men's Olympic champions Belgium, prompting the FIH to say that it would try to figure why some associations did not cast their ballot.
The Biden administration on Friday issued a formal notification to delay the implementation of the previous Trump regime's controversial rule to raise mandatory minimum pay for foreign workers on H-1B visa, the most sought after among Indian IT professionals. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. The Department of Labour in its federal notification published on Friday said that it is considering whether to propose a further delay of the final rule's effective date and accompanying implementation periods that are currently scheduled to take effect on May 14, 2021, and July 1, 2021, respectively.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
'Today you have 30 to 40 per cent of bureaucrats who are not parrots of the government, but what happens if you change the system?' 'If implemented, this can disrupt the system, which will have more adverse consequences than demonetisation.'
She said she now wonders what will the US government do to stop hate crimes against minorities.
The committee found Mukhi guilty on the basis of the evidence presented by him, his admissions and the statements of the manager of Under-16 AIFF academy in 2015.
"I am saddened, however, that there is a small, handful of members that seem to be still tolerating the war," Sergiy Kyslytsya said after the Security Council voted on the United States-led draft resolution.
Each of the defendants was associated with the Micropower Career Institute, a for-profit school with five campuses in New York and New Jersey, or the Institute for Health Education, a for-profit school located in New Jersey. Suman Guha Mozumder reports.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
Commerce and Industry Minister Piyush Goyal on Monday said the existing foreign trade policy (FTP) will be extended for six months till March 31 next year. The government had earlier extended the FTP 2015-20 until September 30 this year due to the Covid-19 crisis. The FTP provides guidelines for enhancing exports to push economic growth and create jobs.
Natrajan Venkataram, 42, who was director of Management Information Systems at New York City's Office of the Chief Medical Examiner, pleaded guilty to conspiracy, theft and money-laundering charges. He will be sentenced by a Manhattan Judge on January 30, and faces over 20 years in prison. The indictment charged that Venkataram and girlfriend Rosa Abrieu, 41, who was director of records at the OCME, conspired to send millions to fictitious overseas companies.
In a letter to the Minister, Amit Panghal, who became India's first male boxer to win a world championship silver last year, said that athletes should not have to plead their case for an award by nominating themselves.
Seema Verma, who was confirmed by the Senate on a vote of 55-43, will play a key role in the government's bid to repeal and replace" Obamacare and head the Centers of Medicare and Medicaid Services that provides health services to 130 million people.
If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.
States could then stop complaining about the Centre and fashion their own economic destinies, says T C A Srinivasa Raghavan.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
The intensity of power crisis this season has hit a new high with average coal stock dipping to less than eight days. The first of a pan-Indian series, based on a ground report, shows how the Manesar industrial hub is coping with the challenge. As the scorching heat wave and the lengthy power cuts intensify in Haryana, the usually bustling labour chowk of the Industrial Model Township (IMT) of Manesar wears a deserted look.
AIFF to probe Jamshedpur FC player's age discrepancy issue
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
'We are going to see relatively soon an executive order that deals with H-1B and other temporary visas.' 'We are also going to see an executive order on undocumented people.' 'Undocumented Indians comprise the largest population growth of all undocumented people in this country.' 'Just because India is not named in this executive order doesn't mean it won't be in the future.'
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The RBI has bought Rs 124.62 billion worth of bonds since its announcement on Aug. 20 that it would occasionally buy bonds to relieve some of the cash tightness in the banking system.
