Commerce Minister Suresh Prabhu rubbished the talk of his demotion in the Cabinet reshuffle, saying he looks at his new task as an opportunity to ensure rapid economic growth of the country.
Shift to commerce minister from railways no demotion, says Suresh Prabhu
Commerce Minister Suresh Prabhu rubbished the talk of his demotion in the Cabinet reshuffle, saying he looks at his new task as an opportunity to ensure rapid economic growth of the country. Noting that his new assignment is his ninth as a Cabinet minister, Prabhu said every task is equally important. Prabhu was moved out of the important railway ministry and was handed over the commerce and industry portfolio in the Cabinet recast. The development comes after Prabhu took moral responsibility for the Kalinga Utkal Express train’s derailment near Khatauli in Uttar Pradesh’s Muzaffarnagar district on August 19 that killed 23 people.
Modi Cabinet reshuffle: Thrust on merit but eye on political goals too
The induction of nine ministers and the promotion of four others to the cabinet rank is being seen as Prime Minister Narendra Modi’s focus not only on governance but also to take care of the BJP’s political considerations.
Dharmendra Pradhan, who took oath as a cabinet minister, has emerged as the party’s face in Odisha and become one of its prominent leaders as the party has highlighted the “success” of his ministry’s scheme of giving free LPG connections to the poor in its political campaigns.
Black money: Catching tax cheats will be easier after demonetisation; here is how
Now that it is official that almost all the currency that was demonetised has come back into the banking system, the only way for the government to retrieve lost face is to ensure it is able to catch tax-cheats who thought they had got away. With the government saying it is probing Rs 1.75 lakh crore of suspicious deposits, there is fear a raid-raj will be unleashed and that, after all the tax demands, this will not amount to anything. After all, between FY11 and FY16, disputed tax claims rose 3.6 times while total tax collections rose 1.8 times.
How to invest smartly and get higher returns; here is what you can do
After the country’s biggest lender, State Bank of India, reduced interest rate on savings deposits by 50 basis points for deposits below Rs 1 crore, most state-owned and private sector banks have followed suit. Banks are flush with funds after the surge in deposits post-demonetisation and continued slack in credit growth. Savings account balances accounted for 78% of the overall current account savings account (CASA) of banks and 30% of the overall deposit base as on June 30, 2017.
Nokia 6 priced at Rs 14,999 is a stylish Android handset aimed at masses
When it comes to technology and smartphones, Nokia is still one of the most trusted brands though it has gone through many ups and downs over the past few years. But with its comeback, aided by Finnish start-up HMD Global, this brand is showing us what brand loyalty can do. The company’s new mid-budget phone is the Nokia 6, aimed at the masses. The Nokia 6 is no exception, but HMD Global has focussed on the style part too and this could well be one of the most stylish phones in this price range.
How to keep smartphone data safe: 5 ways that offer relief
Thanks to modern-day smartphones, there’s a tremendous amount of information at your fingertips which you do not want to fall into the wrong hands. Phones are small and easy to misplace or get stolen in a moment of distraction. Moreover, they are susceptible to hacking when leveraging unsecured public networks. There’s also the issue of malware, which can gain access to your smartphone via the apps you download. Yet most fail to recognise the importance of using sound security practices.