Prime Minister Narendra Modi had asked exporters to prepare a strategy for the next five years and start working in that direction.
In an interaction with Jash Kriplani, A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company, shares his optimism on what makes him believe that these cuts can help in addressing multiple issues plaguing the economy, without letting fiscal deficit pose any major risk.
Rahul Bedi reports on the defence ministry's decision to seek a long-pending replacement for the INSAS assault rifle for its troops
Weakness in other currencies against the dollar overseas, after US Fed indicating interest rates could rise earlier than expected as the jobs market picking up, also put pressure on the local unit, forex dealers said.
The government's focus is on containing and controlling coronavirus the Ministry of External Affairs said on Thursday and advised Indians to stay put wherever they are and travel only under compelling reasons. Responding to questions about IPL and other sporting events, it said the MEA's advise would be "not do it at this time but if the organisers want to go ahead, it is their decision".
The Indian information technology industry is relieved at the US Senate's decision to block the proposed 'Creating American Jobs and Ending Offshoring Act', that sought to offer a tax holiday for employers moving jobs to the US from abroad.
In absolute terms, the CAD stood at $4.6 billion in the current fourth quarter, compared with $13 billion in the year-ago quarter and $17.7 billion in the third quarter of fiscal year 2018-19.
This is part of the nine memorandums of understanding (MoUs) worth Rs 5,027 crore, including Hero Group-backed Ather Energy's over Rs 600 crore investment, to establish a manufacturing facility for e-vehicles.
The decision to go for such a pact was taken at a meeting between European Union Foreign Affairs Minister Baroness Catherine Asthon and Overseas Indian Affairs Minister Vayalar Ravi.
Designer Namrata Lodha has been winning hearts with her sustainable hats.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'We have been bold and innovative on recognition in the past and we do not need to rush,' advises Ambassador T P Sreenivasan.
Prime Minister Manmohan Singh on Friday said the government was conscious about the adverse effect of economic crisis on Indians employed abroad and was working on a project to provide social security net for the workers returning home.
Global financial markets plunged late last month after Dubai World, the government investment firm burdened with $59 billion liabilities, requested for deferment of the debt.
The Congress chief once again claimed that while China gave jobs to 50,000 people in 24 hours, India gave employment to only 450 people in the said period.
These measures are part of initiatives by these nations to attract Indian tourists, says Aneesh Phadnis.
Most banks are going slow on clearing such loan applications as the employment scenario has turned adverse due to the financial crisis faced by most companies.
The US Citizenship and Immigration Services (USCIS) announced the measures to enforce the provisions of the new Employ American Workers Act (EAWA) of the American Recovery and Reinvestment Act, which prohibits hiring of H-1B visa holders by American companies who receive the federal aid money.
Sales of Apple's smartphones in China have suffered a setback.
India's carpet exports saw a sharp decline of 31 per cent to $600 million in 2008-09 as demand from the US, which accounts for half of the country's overseas shipment of such products, fell under the impact of recession.
Indian doctors won a landmark legal battle against the British government when the House of Lords ruled that the state "was wrong" in issuing guidelines discriminating against overseas graduates, mostly Indians,for employment in its health services.
The government has suspended the licence of Dewan Consultants and Mansur & Co, Mumbai and blacklisted the foreign employer -- Global Resources -- in connection with the 'sub-human conditions' of more than 100 Indian workers in Mississippi, the Lok Sabha was informed on Wednesday.
Overseas education consultant NNS Chandra shares advice on how to pick the right international education.
Up to 300 Indian workers, including 100 Keralites, are suffering under poor living conditions in the US after being allegedly cheated by a Mumbai-based recruitment firm which promised them Green Card and Permanent Residency Visa, family members of the workers claimed on Tuesday. Pradeep, whose brother Sabulal Vijayan was among those cheated, said the workers, employed in a marine construction company, have filed a complaint in a local court in Mississipi.
Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.
Hanuma Vihari wanted to utilise the summer months playing county cricket in England but the COVID-19 pandemic has put paid to the India all-rounder's plans for the time being.
Rating agency Crisil said corporates, especially those in the auto, aviation, consumer durables and oil sectors, will be "severely impacted" by rupee depreciation due to large overseas debt and limited hedging.
IT stocks have dropped about 3 per cent in the days since the Donald Trump administration took first steps toward visa reform and all of India's highest-profile technology tycoons have seen their net worth eroded. Saritha Rai reports.
A federal lawsuit in Iowa alleges that two men orchestrated a scheme to underpay workers who came into the country on H-1B visas
There will be no requirement of emigration clearance from October 1 for Indians travelling abroad, with the government on Thursday admitting that the 'retrograde' scheme was a cause of 'harassment' and 'corruption'.
A three-member Bench of the court ruled that the order by the Department of Health regarding employment of doctors on the High-Skilled Migrant Programme was not lawful, after a 16-month-long legal battle led by the British Association of Physicians of Indian Origin.
Karan Gupta, overseas education consultant, answers questions about internships abroad. He stresses the importance of networking, research and good marks.
CAD refers to the difference between inflow and outflow of foreign exchange that has a bearing on exchange rate.
'The pay cuts have been very tough on those with entire families to support.'
The Duchess of Cornwall is here on a private visit.
Take an education loan. Encourage them to freelance while studying.
The company shut its factory on June 3, which ironically was also World Bicycle Day. It laid off its 431 remaining employees, but the company insists they continue to be on its rolls and will be paid "lay-off wages" upon marking attendance daily.
FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor-friendly policy on FDI, under which investment up to 100 per cent is permitted on the automatic route in most sectors/ activities. At $ 64.37 billion, FDI in 2018-19 is the highest ever investment received for any financial year.
