‘Code of ethics’ to be applicable for news publishers, OTT players, digital media: Govt
New Delhi: The government on Thursday said a ‘code of ethics’ and three-tier grievance redressal mechanism would be applicable for news publishers, over-the-top (OTT) platforms and digital media. Seeking to establish a soft touch regulatory framework for these entities, the government said OTT platforms (like Netflix and Amazon Prime Video) would have to self-classify the […]
PNB scam case: Nirav Modi loses extradition fight, UK judge rules he has case to answer in India
London: Nirav Modi, the diamond merchant wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case, on Thursday lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts. The 49-year-old appeared […]
Govt clears PLI scheme to boost manufacturing of laptops, tablets, PCs
New Delhi: The government on Wednesday approved a production-linked incentive (PLI) scheme for laptops, tablets, all-in-one PCs and servers, as it looked to woo global players to tap India’s manufacturing capabilities. The approval of PLI scheme for these hi-tech IT hardware gadgets comes after the Cabinet last week cleared a Rs 12,195 crore scheme for […]
Govt has no business to be in business: Modi
New Delhi: Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring the bare minimum in four strategic sectors. “It is government’s duty to support enterprises and businesses. But it is not essential that it should own and run […]
FinMin lifts embargo, permits all pvt banks to participate in govt-related business
New Delhi: The finance ministry on Wednesday allowed all private sector banks to participate in government-related business like collection of taxes pension payments and small savings schemes. At the moment, only few large private sector are allowed to conduct government-related business. This step is expected to further enhance customer convenience, spur competition and higher efficiency […]
India’s GDP may turn positive at 1.3% in Dec quarter: Report
New Delhi: India’s GDP may turn positive at 1.3 per cent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising, according to a report. The government will release the GDP numbers for […]
Petrol, diesel prices hiked again after 2-day pause
New Delhi: Petrol price on Tuesday neared the Rs 91 per litre mark in the national capital and diesel crossed Rs 81 a litre, as fuel prices were hiked again after a two-day pause. Petrol and diesel prices were raised by 35 paise per litre each, sending retail rates to an all-time high, according to […]
India, Mauritius ink free trade pact
New Delhi: India and Mauritius have signed a free trade agreement, under which over 300 domestic goods from agriculture, textiles, electronics and other sectors will get market access at concessional customs duties in the African nation, an official statement said on Tuesday. According to a commerce ministry statement, Commerce Secretary Anup Wadhawan and Ambassador Haymandoyal […]
India committed to enhancing capabilities in defence manufacturing: PM
New Delhi: India is working hard to enhance its capabilities and capacities in the defence-manufacturing sector at a fast pace, Prime Minister Narendra Modi said on Monday, noting that there were hundreds of ordnance factories before independence with large-scale weapons export from the country in both world wars but this system was not strengthened. Addressing […]
Investors lose Rs 3.7-lakh crore as markets tank
New Delhi: Investor wealth slumped by Rs 3.7 lakh crore on Monday, as the equity market recorded its biggest single-day fall in two months. At the close of trade, the total market capitalisation of BSE listed companies eroded by Rs 3,71,883.82 crore to Rs 2,00,26,498.14 crore. The total market capitalisation of BSE listed companies stood […]
