Tuesday , 17 September 2019
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Return to the basics while investing

By Tensing Rodrigues* It’s always good to halt after a long travel, relax and check the compass. In the language of the millennial’s check the Google Map. Am I on the right track? What’s true of travel is also true of investment. That’s what we want to do today. Go back to the basics of investment. Is my investment going …

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Home Ministry deregisters Infosys Foundation following its request

PTI New Delhi The Home Ministry has deregistered the Infosys Foundation under the Foreign Contribution (Regulation) Act following its request that its registration be cancelled as the organisation no longer fell in the ambit of the act, officials said Monday. All Non-Government Organisations (NGOs) are required to register under the FCRA to receive foreign funding. “Infosys Foundation would like to …

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CBI asks for DIAL papers in alleged scam

IANS New Delhi Probing further into the alleged financial irregularities involving GMR Group-led Delhi International Airport Pvt Ltd (DIAL), the Central Bureau of Investigation (CBI) has asked the Civil Aviation Ministry to provide all the files related to airport firm at the ‘earliest’. The investigating agency has also asked for the Comptroller and Auditor General (CAG) report on the privatisation …

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Development must be at the centre of WTO reforms: India

UNI New Delhi India on Monday said there is an urgent need  to keep  development  at  the  centre  of  the  reform  agenda at the World Trade Organisation, as the proposals currently pushed by  the developed world do  not  address  the  concerns  of  the  develAoping  countries. Pointing out that the discourse  for  reforming  the  WTO unfortunately  is characterised  by  a  complete  …

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Industrial output contracts 0.1% in March, lowest in 21 months

New Delhi: India’s industrial production contracted by 0.1 per cent in March this year, the lowest in 21 months, mainly due to manufacturing sector slow down, official data showed Friday. Factory output, as measured in terms of the Index of Industrial Production (IIP), had grown by 5.3 per cent in March 2018, according to data released by the Central Statistics …

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EPFO issues notice to Jet for not remitting employee dues

New Delhi: Grounded Jet Airways’ troubles seem to be mounting each passing day. The Employee’s Provident Fund Organisation (EPFO) has now served a show-cause notice to the airline for not remitting provident fund and other allied dues in various employee accounts. In a letter to the Jet Airways Managing Director, the EPFO regional office in Mumbai has said it will …

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Mukesh Ambani breaking all barriers to connect next billion

New Delhi: As Asia gears up for the next wave of digital transformation to connect the next billion people online, infrastructural and affordability barriers are being broken in India by Reliance Industries chairman and managing director Mukesh Ambani and his initiatives, a new survey said on Friday. According to the survey by Booking Holdings, the world’s leader in online travel, …

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‘Extent of overestimation of GDP in all likelihood marginal’

New Delhi: Amid concerns raised over growth numbers in the wake of an NSSO report, the finance ministry Friday said the extent of overestimation of GDP “in all likelihood is marginal” as the proportion of closed and non-traceable enterprises in the corporate affairs ministry’s database is falling. The statement comes against the backdrop of a Technical Report of Services Sector …

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India committed to build cooperative relationship with Vietnam: Naidu

Hanoi: India is committed to building its cooperative relationship with Vietnam in diverse fields, Vice President Venkaiah Naidu said Thursday, pointing that agricultural growth has been a key driver in the remarkable progress achieved by the South East Asian country. In his first engagement after arriving here on a four-day visit, Naidu addressed the Indian community in the country, highlighting …

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‘Corp Affairs Min database fairly reliable, not a black box’

New Delhi: The corporate affairs ministry maintains a fairly reliable database that is not a “black box”, a senior official said Thursday and emphasised that it is up to statistical authorities to decide on which data is representative for GDP calculation. Against the backdrop of concerns over data used for calculating GDP numbers, Corporate Affairs Secretary Injeti Srinivas asserted that …

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