Finance Minister Nirmala Sitharaman. Reuters
Indian economy is likely to swell to $5 trillion mark ahead of its target of 2024 despite huge challenges and global trends. This was stated by T.N. Manoharan, non-executive chairman of India’s Canara Bank recently in Dubai,
The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters,
Disappointment over the Budget proposals and muted global markets led the Sensex to log the heaviest fall in seven months on Monday. Both the key equity indices − Sensex and Nifty − fell over 2 per cent.
India raised import tariffs on nearly 75 items including gold and automobile parts in its budget on Friday and increased taxes on the rich to help pay for recapitalising banks and supporting small business in a bid to revive sagging growth.
No progress appears to have been made towards finalising the cabinet, which protesters demand comprise independent experts and exclude all established political parties.
Buckingham Palace has said under the new arrangement the couple are “required to step back from royal duties, including official military appointments” and will no longer receive public funds for royal duties.
High winds and choppy seas in the area where the spacecraft was expected to splashdown on Saturday delayed the dramatic inflight test of the unmanned astronaut capsule to Sunday, with a longer six-hour launch window starting at 8am (EST).
US President Donald Trump marked the 60th anniversary of the signing of the current US-Japan security treaty with a call for a stronger and deeper alliance between the two countries, despite criticising the pact six months ago.