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Defence ministry seeks additional Rs 20,000 cr

Defence ministry seeks additional Rs 20,000 cr

New Delhi, Aug 9 (IANS) The has sought additional allocation of Rs 20,000 crore primarily for procurements, as a substantial part of its budget has already been exhausted due to speeding up of acquisitions, said informed sources. The additional allocation...

All options for Pawan Hans’ divestment being looked at : Official

New Delhi, Aug 9 (IANS) The government is considering all options for divestment of its stake in state-run chopper operator Pawan Hans, a senior official said on Wednesday. According to the Ministry of Civil Aviation’s senior official, a proposal...

Bank of India records profit in Q1

Kolkata, Aug 9 (IANS) State-run Bank of India (BoI) on Wednesday reported a net profit of Rs 87.71 crore in the first quarter which ended on June 30, compared with a loss of Rs 741.36 crore in the year-ago period. The lender’s provision for non-performing...

Nalco registers Rs 129 crore profit in Q1

Bhubaneswar, Aug 9 (IANS) The National Aluminium Co Ltd (NALCO) has registered a net profit of Rs 129 crore in the first quarter (Q1) of the current fiscal 2017-18, compared to Rs 135 crore in the corresponding previous fiscal. According to the reviewed...

Multiplicity of GST rates is a challenge : Ex-RBI official

New Delhi, Aug 9 (IANS) Former RBI Deputy Governor Rakesh Mohan on Wednesday said the GST rollout was a colossal task achieved after over a decade but the multiplicity of rates still remained a challenge. “GST has been achieved after a decade....

Direct tax collection up 19.1% in April-July

New Delhi, Aug 9 (IANS) Direct tax collection was up by 19.1 per cent to Rs 1.90 lakh crore in the April-July period, the government said on Wednesday. “Direct tax collection during the said period, net of refunds, stands at Rs 1.90 lakh crore...

Date of filing first GST returns notified

New Delhi, Aug 9 (IANS) In line with the recommendations of Goods and Services Tax (GST) Council, the government has notified the date of filing the first GST returns for the month of July and August.The date of filing returns was extended earlier by...
Oil India Limited bags the Federation of Indian Petroleum Industry (FIPI)E&P Company of the Year Award- 2016

Oil India Limited bags the Federation of Indian Petroleum Industry (FIPI)E&P Company of the Year Award- 2016

Oil India Limited (OIL), India’s second largest National Exploration & Production Company, won the Federation of Indian Petroleum Industry (FIPI)Award 2016 in the category Exploration & Production- Company of the Year, in the glittering FIPI...

Lok Sabha passes resolution to create new India by 2022

New Delhi, Aug 9 The Lok Sabha on Wednesday passed a resolution pledging to create an inclusive and prosperous India of the dreams of freedom fighters by 2022, the 75th anniversary of India’s Independence. After a special discussion to commemorate...
Sushma to visit Bangladesh in September

Sushma to visit Bangladesh in September

Dhaka, Aug 9 Indian External Affairs Minister Sushma Swaraj will visit Dhaka in the first half of September to attend the fourth Bangladesh-India Joint Consultative Commission (JCC) meeting, a media report said. Indian High Commissioner Harsh Vardhan...
Nagasaki commemorates 72nd anniversary of A-bombing

Nagasaki commemorates 72nd anniversary of A-bombing

Tokyo, Aug 9 The Japanese city Nagasaki on Wednesday marked the 72nd anniversary of the US atomic bombing during World War II, with Mayor Tomihisa Taue insisting that Tokyo joins a treaty to ban nuclear weapons. In his Peace Declaration at a ceremony...
Ex-Minister Sanwar Lal Jat dead at 62

Ex-Minister Sanwar Lal Jat dead at 62

New Delhi, Aug 9  Former Union Minister and BJP MP Sanwar Lal Jat passed away early on Wednesday here at the All India Institute of Medical Sciences (AIIMS), authorities said. Jat was 62. The Rajasthan leader, who had served as Minister of State for...
Modi calls for India free of poverty, corruption by 2022

Modi calls for India free of poverty, corruption by 2022

New Delhi, Aug 9 Prime Minister Narendra Modi on Wednesday said it was time to take a collective pledge to rid the nation of corruption and poverty by 2022 with the same spirit when Mahatama Gandhi launched the Quit India Movement on this day 75 years...

13 killed in China’s 7-magnitude quake

Beijing, Aug 9  The death toll from an earthquake measuring 7 on the Richter scale that struck China’s Sichuan province on Tuesday night has risen to 13, an official said on Wednesday. As of 9.30 a.m., the quake has also left 175 others injured,...
S. African President Zuma survives no confidence motion

S. African President Zuma survives no confidence motion

Cape Town, Aug 9  South African President Jacob Zuma on Tuesday survived a no confidence motion by secret ballot. Parliament Speaker Baleka Mbete announced that 198 MPs voted against the motion, while 177 voted in favour and nine abstained, Xinhua reported. MPs...
Sharif’s wife, daughter may contest ex-PM’s seat

Sharif’s wife, daughter may contest ex-PM’s seat

Islamabad, Aug 9  Former Prime Minister Nawaz Sharif’s wife Begum Kulsoom Nawaz and their daughter Maryam Nawaz have emerged as top contenders to contest the National Assembly seat vacated by Sharif after he was disqualified by the Supreme Court...

JSPL’s Q1 consolidated loss falls to Rs 420 cr

New Delhi, Aug 9  The Naveen Jindal-led Jindal Steel and Power Ltd (JSPL) on Tuesday announced a reduction in its consolidated loss to Rs 420.4 crore for the first quarter of the current fiscal ended June on the back of better operational performance. JSPL...
Ahmed Patel deals severe blow to BJP, wins RS poll

Ahmed Patel deals severe blow to BJP, wins RS poll

Gandhinagar, Aug 9  Ahmed Patel on Wednesday dealt a severe blow to the BJP when he won the Rajya Sabha election in Gujarat in a cliffhanger contest in which the top BJP leadership staked its all by backing a Congress defector. BJP President Amit Shah...
RBI asks banks to periodically test cyber attack vulnerability

RBI asks banks to periodically test cyber attack vulnerability

New Delhi, Aug 9 The Reserve Bank of India (RBI) has asked commercial banks to periodically conduct vulnerability test to test their cyber security preparedness, the government informed Parliament on Tuesday. “The RBI had issued advisories to banks...
Rs 354 crore FDI in agriculture in April-May: Minister

Rs 354 crore FDI in agriculture in April-May: Minister

New Delhi, Aug 9  India has received Foreign Direct Investment (FDI) of Rs 354 crore in the agriculture sector between April and May this year, Minister of State for Agriculture S.S.Ahluwalia told the Lok Sabha on Tuesday. In a written reply, Ahluwalia...