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US welcomed India’s economic reforms: Nirmala Sitharaman


Washington: Finance Minister Nirmala Sitharaman has said that the Biden administration as well as leaders from the corporate sector in the United States have welcomed as a very positive step the reforms undertaken by the Indian government, particularly the withdrawal of the retrospective tax. In August, Parliament passed a bill to scrap a tax rule...

RSS distances itself from ‘Panchajanya’ article targeting Infosys


New Delhi: The Rashtriya Swayamsevak Sangh (RSS) distanced itself from an article published in Panchajanya, a journal championing Hindu cause, that attacked Infosys’ Chairman Nandan Nilekani over glitches in the income tax portal. The clarification by Sunil Ambekar, All India Prachaar Pramukh (communications chief) of the RSS, activists said, may have come after “somebody...

India may let foreign investors buy up to 20% in LIC IPO


New Delhi: The Indian government is considering allowing foreign institutional investors to buy up to a total of 20% in state-owned Life Insurance Corporation (LIC), a government source said, as it presses ahead with a stake sale, reports Reuters. The listing of LIC is set to be India’s biggest ever initial public offering (IPO), with...

‘US economic recovery slowing due to Delta variant spread’


Washington: The US economic recovery from the Covid-19 pandemic is slowing due to the spread of the Delta variant and a sizable segment of unvaccinated people, Joseph Brusuelas, chief economist at accounting and consulting firm RSM US LLP, has said. "In the United States, infections have increased to a rate of 157,000 per day, with...

India will not be impacted by US Fed’s likely tapering


New Delhi: Chief Economic Adviser (CEA) K.V. Subramanian has said that India will not be affected by the possible tapering of the easy monetary policy by the US Federal Reserve by the end of this year. Citing the "strong" macroeconomic fundamentals, he said that there should not be much concern. "The fact that our macroeconomic fundamentals,...

India on course for 9% GDP growth in FY22


New Delhi: The high GDP growth despite low base of last year has given confidence that the Indian economy may well grow over 9 per cent in FY22 with tailwinds coming from rapid recovery of manufacturing and construction sectors. The data released by the Union Ministry of Statistics this week showed that the country's GDP...

The Anuvrat Movement and its Impact on Individual Lifestyle


While it is the duty of medicos to analyze and examine the devastatingly debilitating effects of luxurious and sedentary lifestyle on the health of an individual from the medical point of view, my aim here is to acquaint the medicos with the most encouraging results and unprecedented success ANUVRAT MOVEMENT has had in changing...

Economic rebound lifts equities, Nifty crosses 16K-mark


Mumbai: Faster economic rebound, as shown by healthy macro-data, along with estimates of a possible less severe third Covid wave, lifted India's equity indices to record high levels, with the Nifty50 breaching the 16,000-mark. Besides, healthy macro-economic data as well as better-than-expected quarterly results boosted investor sentiments. The S&P BSE Sensex hit an intra-day record level...

Zee owner Subhash Chandra settles over 91% debt


New Delhi: Essel Group Chairman Subhash Chandra said that he has settled 91.2 per cent of the debt to 43 lenders. In an open letter, he said that the remaining dues are in the process of being paid. In his first open letter issued on January 25, 2019, Chandra had apologised for the hardships faced by...