Economy

G20 summit: Xi Jinping arrives in Osaka, to meet Narendra Modi, Donald Trump amid heightened trade tensions

The leaders are likely to discuss the status of the trade agreement and find ways to finalise the deal, which has been stuck for the past several weeks as America alleges that China went back on its commitment from the draft trade bill.
G20 summit, Xi Jinping, Narendra Modi, Donald Trump, BRICS, Wang Yi, Liu He, Osaka summit, latest news on G20 summit News

Amid trade tensions, PM Modi and Donald Trump to meet at G20 summit today

The Trump-Modi meeting assumes significance in the wake of the strain that has popped up in the bilateral relationship on a host of trade and economic issues

Donald Trump, G-20 Summit, naraendra Modi, Xi Jingping, Vladimir Putin, S Jaishankar, china, russia, india News

Trade war: US, China agree tentative truce ahead of G20 summit, says report

Chinese President Xi Jinping's meeting with U.S. President Donald Trump is conditional upon Washington agreeing to such a tentative agreement, SCMP reported, citing one source with knowledge of the pl

US China trade war, G20 summit, US tariffs, Donald Trump,  US china trade talks, Xi Jinping, Chinese imports, United States, world economy, latest news on US china trade talks News

Donald Trump warns of plan B on China Trade: Billions more in tariffs

“My Plan B with China is to take in billions and billions of dollars a month and we’ll do less and less business with them,” Trump said Wednesday during an interview with Fox Business Network’

Donald Trump, US china trade war, US tariffs, G-20 Summit, Xi Jinping, Trump plan B for china, US-China trade negotiations News

Donald Trump says trade deal ‘possible’ with China , tariffs could be lower

Relations between Washington and Beijing have spiraled downward since talks collapsed in May.

g20, g20 summit News

Cross-border payments: Relief for Visa, MasterCard and others as RBI eases data storage norms

Allows mirror copy of cross-border payments to be stored in India; all storage to be within the country for domestic transactions.

Cross-border payments: Relief for Visa, MasterCard and others as RBI eases data storage norms

India-US trade: Great friends bound to have disagreements, says Mike Pompeo

Jaishankar on S-400 deal: India will be guided by own national interest.

mike pompeo, us foreign secretary mike pompeo News

Slippery slope: Car sales drying up despite heavy discounts

Despite dealers offering discounts from anywhere between 2% and 10%, sales remain in the slow lane

automobile sector, automobile industry News

Income Tax dept to share data on defaulters’assets with PSU banks

Central Board of Direct Taxes (CBDT) has directed zonal heads of the income tax department (ITD) to share information related to assets and liabilities of defaulters with banks on their request.

cbdt, income tax News

CBDT expands scope of direct tax code committee

he timeline for the panel to submit its recommendation remains unchanged to July 31.

cbdt, supreme court, sc News

CBIC to move to desk-based filing for small taxpayers

In a detailed letter on how to conduct audits, the department said premise-based audit still has to be conducted for medium and large category of taxpayers.

tax, gst News

SECI tweaks conditions for manufacturing-linked solar scheme

The new tender seeks to set up 6 GW of solar plants, against 2 GW of manufacturing units.

solar, solar energy, solar sector News

NHAI’s cumulative debt soars to Rs 1.78 lakh crore in FY19

NHAI's equity capital, as per rating agency Icra, has gone up from around Rs 60,000 crore in 2013-14 to Rs 201,600 crore in FY19

nhai, highways News

Power tariffs: Regulators delay new orders amid rising discom stress

Only 15 states have issued tariff orders so far and that exclude major power consumers.

power traiff, power supply News

Ujjwala Yojana: Modi govt targets 8 crore LPG connections by August

Under the PMUY, 7.25 crore connections have already been issued since the programme was launched in May 2015.

pmuy, lpg News

FDI in telecom sector down 43 per cent to USD 2.6 billion in 2018-19, says Ravi Shankar Prasad

He added that the quantum and nature of FDI inflows depend on many factors and accordingly no specific reasons can be attributed for increase or decrease of inflows on year-to-year basis.

There has been neither a regulatory uncertainty nor the lack of conducive environment to invest in the Telecom Sector News

India won’t allow trade talks overtake national interest, says Piyush Goyal

Under the WTO, the General Agreement on Tariffs and Trade (GATT) aims at promoting trade by reducing or eliminating trade barriers like customs duties.

Goyal also said that this particular step by the US happened during the midst of the elections and America took the decision on May 31 to withdraw GSP concessions from June 5. (PTI Photo) News

Environment ministry okays two-year construction order for Polavaram project

In 2014, the NDA government declared Polavaram a national project and the ministry kept the 'stop work order' in abeyance to allow construction work. The 'Stop Work Order' was kept in abeyance six tim

Addressing the media at the Parliament complex, Union Minister for Environment, Forest and Climate Change Prakash Javadekar said the two-year construction order was signed on Wednesday. (File photo) News

RBI reiterates its stand on data localisation; says, payment data of Indian customers to remain in India

Reiterating its stand on data localisation norms, the Reserve Bank of India (RBI) on Wednesday said that payment data of the Indian customers should only be stored in India.

Govt likely to use ₹3-trillion RBI windfall to pay regular bills: Report News

Not just India, unemployment top worry across globe; India, China, Saudi Arabia still think headed right way

Despite the high unemployment rate in India, after China and Saudi Arabia, it is the third most optimistic country and people believe that the country is headed in the right direction.

us. us unemployment, us unemployment rate, america unemployment rate, us unemployment, jobs in us, unemployment in us, अमेरिका में बेरोजगारी, बेरोजगारी दर, us unemployment rate in april, donald trump. donald trump jobs, donald trump jobs tweet News

Amitabh Kant gets two-year extension as NITI Aayog CEO

The Appointments Committee of the Cabinet has approved the extension of Kant's tenure for a further period of two years beyond June 30, 2019, i.e. up to June 30, 2021.

Amitabh Kant (File photo) News

Take action against erring exporters but ensure protection to innocent: FIEO to govt

The Central Board of Indirect Taxes and Customs (CBIC) has, however, assured genuine exporters that their refund claims would be processed in an automated environment and issued in a timely manner.

There are about 1.42 lakh exporters in the country. (Reuters File photo) News

G20 nations imposed 20 new trade-restrictive measures in last 8 months: WTO

WTO's 21st Monitoring Report on trade measures of the bloc was issued on June 24 and comes days ahead of the G20 summit in Japan.

These measures impact both exports and imports of the member countries including India. (Reuters File photo) News

Only one country’s companies are more optimistic than India about growth despite global slowdown

Indian businesses have the second most optimistic outlook after Indonesia, as almost nine in ten (89 per cent) Indian firms expect to grow over the next two years, says an HSBC survey.

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