It will also reduce such charges for other categories and adjust the consular exchange rate.
Deora's visit assumes importance in view of Musharraf's proposals to China and China's quest for shorter, safer and commercially viable routes for importing gas and oil.
India on Monday said it will meet Pakistan next week to resolve issues, such as transit fee, impeding progress on the over $7 billion Iran-Pakistan-India gas pipeline project, even as it gets formally inducted in a rival line from Turkmenistan.
India and Pakistan will soon finalise the details of the pipeline that will bring natural gas from Iran, a top Pakistan government official said in Islamabad.
Pakistan and Iran have finalised a gas purchase agreement while India is yet to complete modalities for joining the project mainly due to differences with Pakistan over the transit fee to be paid for the gas transported through Pakistani territory. Iran had been asked by Pakistan earlier this month to finalise the Iran-Pakistan-India pipeline project by April because of its rising gas requirements. Iran said it was holding final talks with India to persuade it to join.
India said on Tuesday it will meet Pakistan 'soon' to resolve issues such as transit fee that have stalled a trilateral agreement on the proposed multi-billion dollar gas pipeline originating from Iran. New Delhi first excused itself for a bilateral meeting with Pakistan and then boycotted the September trilateral meeting in Tehran, saying it first wanted to resolve the issue of transit fee payable to Islamabad for wheeling the gas through that country.
Iran had called a meeting of technical experts and lawyers from the three nations during September 24-26 to exchange views on the gas-supply contract that India and Pakistan, as consumers, would have to sign with fuel supplier Iran.
Iran had called a meeting of technical experts and lawyers from the three nations during September 24-26 to exchange views on the gas-supply contract that India and Pakistan, as consumers, would have to sign with fuel supplier Iran.
Iran, Pakistan and India are expected to hold a meeting in Tehran later this month to push the $7.4-billion IPI gas pipeline project that had been delayed after being caught in wrangling over transit fee.
India and Pakistan will on Tuesday discuss financing of the $4.1-billion Iran-Pakistan-India gas pipeline project, the transit fee that Islamabad will charge for allowing the passage of the pipeline to India and security issues.
Last week, Pakistan and Iran had signed a memorandum of understanding for the implementation of the 2600-km project.
BHP Billiton, the Australian consultant which carried out pre-feasibility survey of the Iran-Pakistan-India gas pipeline, has said that the 2775-km long pipeline project has sufficient safeguards to prevent any disruption in the supplies.
Pakistan pitched for India importing natural gas from Iran through a pipeline passing through its territory saying it will do everything possible to ensure safe delivery of gas from the onland pipeline
Not many people in Bangladesh are talking about the Teesta issue.
Railway travel, capitation fees or donations in educational institutes and non-compete services are among the many new services that may come under the proposed Goods and Services Tax (GST), says a concept paper on the issue.
The dawn of a new era had begun under Sourav Ganguly's aggressive leadership. With Ganguly and Coach John Wright at the helm India had transitioned into a force to be reckoned with.
Most of India's oil supplies are expected to stay safe because of the country's good relations with both Russia and Iran. That would take care of over a third of India's supplies.
In a bid to democratise education, cash-strapped edtech firm Byju's has significantly reduced the prices of its products. The annual subscription fee for the Byju's Learning App now stands at Rs 12,000 (inclusive of taxes) per year, while Byju's Classes and Byju's Tuition Centres (BTC) are priced at Rs 24,000 and Rs 36,000 respectively for a full year of classes, according to the sources.
A part-time job will not only support you financially but also help you learn skills that will help you grow in your career.
'The deal pipeline across products is robust for 2024.'
Neymar becomes goodwill ambassador for world's disabled
City host Crystal Palace in the league on Saturday, the only team they failed to score against last season while also losing 2-0 at home.
The stage is set for the loading of cash into automated teller machines (ATMs) through the cassette-swap mode with an initial four-phased roll-out across 30 cities from June 1. The lockable cassette-swap will do away with the current practice of open-cash replenishment into ATMs. Cash-in-transit (CIT) firm personnel, tasked with loading cash into ATMs, will not have to touch it anymore. Cash-handling will be done by CITs at the cash centre, and the task of taking into account the amount of cash remaining from the last cassette-load will also be made simpler.
The Reserve Bank has given time till November 30 to banks and NBFCs to put in place a mechanism to ensure that existing digital loans are in compliance with the modified norms aimed at protecting the interest of customers. Last month, the central bank tightened norms for 'digital lending' to prevent charging of exorbitant interest rates by certain entities and also check unethical loan recovery practices. In a circular, the RBI said outsourcing arrangements entered by Regulated Entities (REs) with a Lending Service Provider (LSP)/ Digital Lending App (DLA) do not diminish the REs' obligations and they shall continue to conform to the extant guidelines on outsourcing.
Indian CEOs are to be now offered the choice of outsourcing all or part of their managerial responsibilities for a specified period.
'The clean break between Russia and Europe that this foolish attack is creating may actually last long.' 'It will undermine Europe and benefit the US and China.'
Russia's main gain will be that in geopolitical terms, Ukraine regains its sovereignty and ceases to be a de facto American colony, observes Ambassador M K Bhadrakumar.
'The right to shelter does not mean right to government accommodation. The government accommodation is meant for serving officers and officials and not to the retirees as a benevolence and distribution of largesse,' a bench of justices Hemant Gupta and A S Bopanna said in its judgement passed last week.
'A microcosm of India, inclusive and welcoming'. For years, Pragati Maidan was the centre of Delhi's social life.
$10 billion TAPI pipeline unlikely before 2020
Amazon India has decided to shut down 'Amazon Distribution', according to sources. This follows its recent decision to shut its food delivery and edtech offerings. The moves are part of the annual operating planning review process amid global macroeconomic uncertainty. The e-commerce giant is looking to focus on its core businesses, sources said.
Interchange fee is the amount charged by ATM operators for every transaction.
The Competition Commission of India (CCI) on Monday ordered a detailed probe against internet giant Google for alleged unfair business practices with respect to Google Pay as well as Google Play's payment system. Google Pay is a popular digital payments platform while Google Play is the app store on its Android ecosystem.
The recent spate of technical glitches in aircraft has prompted the Directorate General of Civil Aviation (DGCA) to issue an order on July 18, making aircraft maintenance engineers (AMEs) with category B1/B2 licences the final authorities in certifying planes. This has put the spotlight on the availability of such personnel. According to the order, airlines were resorting to frequent one-off authorisation by the Category A certifying staff at transit stations, which is not in line with existing regulatory provisions.
One of Mumbai's biggest real estate redevelopment projects of Bombay Development Directorate's (BDD's) chawls (large buildings divided into many separate tenements, offering cheap, basic accommodation) has taken off in Central Mumbai, opening up a Rs 20,000-crore opportunity for real estate companies. It is expected to drive down real estate prices in Central Mumbai by up to 25 per cent, forecast real estate experts. Spread over 92 acres in Central Mumbai's prime localities of Worli, Lower Parel, and Dadar and consisting 195 four-storey houses, the BDD chawls were constructed in the 1920s.
In what comes as the biggest positive for Indian cricket in recent times, former captain Rahul Dravid has agreed to take over as the head coach of the men's team.
Billionaire Mukesh Ambani on Wednesday pitched for using the USO Fund to subsidise smartphones for select groups to help penetrate the digital revolution and said India should make the rollout of 5G or the fifth-generation technology standard for broadband cellular networks a national priority. As much as 5 per cent of the licence fee paid by telecom operators goes to the Universal Service Obligation (USO) Fund, which was set up in April 2002 for achieving universal service objectives by providing access to telephone services in rural and remote areas and creation of infrastructure for mobile services and broadband in these areas. However, according to the CAG, less than half of the funds so collected are transferred for the said purpose.
Tax experts say one of the most dispute-prone proposals is making "fraudulent availing" of input tax credit (ITC), without an invoice or bill, a cognizable and non-bailable offence.
In efforts to bolster corporate governance among listed companies, Sebi on Tuesday approved various amendments to rules governing the appointment, re-appointment and removal of independent directors, including the requirement to disclose resignation letters of such individuals. There will be a one-year cooling period for an independent director transitioning to a whole-time director in the same company/ holding/ subsidiary/ associate company or any company belonging to the promoter group. As part of the review of regulatory provisions related to independent directors, the Sebi board has cleared amendments to Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Growing and harvesting trees for productive and economic uses are once again dead in the water, says Sunita Narain.
