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No plan to raise rail fares for now: Goyal

New Delhi: There is no proposal to hike rail fare even as price of diesel has gone up as a result of increase in excise duty and cess, Railway Minister Piyush Goyal said in the Rajya Sabha on Friday. “At present, there is no proposal to change fares because of diesel price increase,” he said. Goyal also said that consumption …

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Zomato introduces ‘infinity dining’ for Gold users

New Delhi: Home-grown restaurant search and delivery platform Zomato on Friday introduced the “Infinity Dining” plan for its “Gold” subscribers that allows them to have unlimited buffet at partner restaurants. The plan has been introduced in partnership with 350 restaurants – with at least a 3.5 rating — in Delhi, Mumbai and Bengaluru. While dining infinitely at bars, they get …

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Govt promoting agri allied sectors to achieve target

New Delhi: The government on Friday admitted in Rajya Sabha that doubling of farm income by 2022 was not possible with the current rate of growth in the agriculture sector, and said it was trying to promote allied sectors to achieve the target. During the Question Hour, SP member Ram Gopal Yadav said going by the present growth rate of …

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Biz Scan

Handloom exhibition underway in city PANAJI: ‘Cottonfab-2019,’ a 17-day handloom exhibition is going on at Kala Academy, DBB Road, Panaji is underway and will be open for public until August 5. The exhibition showcases cotton sari, dress material, kurtis, home furnishing and also jewellery. The exhibition is captivating the interest of the shopaholics. Cottonfab always bring something new for the …

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Goyal reviews India’s participation in Dubai World Expo 2020

New Delhi: India Pavilion will be a permanent showcase for the country in Dubai, Union Commerce and Industry Minister Piyush Goyal said and reviewed the preparations for the construction of the India Pavilion at the Dubai World Expo 2020. The expo will take place for six months beginning October 20, 2020 to April 10, 2021. During the meeting, Goyal urged …

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Petrol price reduced by 2-6 paise per litre

New Delhi: Fuel prices on Thursday witnessed a drop by 2-7 paise per litre. Petrol prices were reduced in the range of 2-6 paise per litre while diesel by 3-7 p/l in across major cities of the country. In Delhi, petrol was retailing at Rs 73.35 per litre against yesterday’s Rs 73.41 a litre. Diesel stood at Rs 66.18 per …

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FM introduces bill in RS for faster resolution of bad loans

New Delhi: The Government on Wednesday introduced The Insolvency and Bankruptcy Code (Amendment) Bill 2019, that seeks to ensure timely completion of debt resolution process and provide more clarity on rights of stakeholders. Finance Minister Nirmala Sitharaman introduced the bill seeking as many as seven amendments to the Insolvency and Bankruptcy Code, which provides for resolution of bad loans. The …

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As penalties loom, how true is telecom’s financial distress narrative?

NEW DELHI: The narrative of financial stress has once again started circulating in India’s telecom sector, in the run-up to key decisions being taken on penalties and the 5G spectrum auction. For instance, on Wednesday, the Digital Communication Commission (DCC), formerly known as the telecom commission, will meet to consider reducing proposed penalties on incumbent telecom operators for violation of …

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CCEA nod to 40 LMT sugar buffer stock at Rs 1,674 cr: sources

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday is said to have approved the creation of a buffer stock of 40 lakh metric tonnes (LMT) of sugar for one year from August 1, 2019, to July 31, 2020, at an estimated cost of Rs 1,674 crore. “Creation of buffer stock of …

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Kenya woos Indian investors to help boost exports

Nairobi: Kenya on Wednesday encouraged Indian investors to set up manufacturing plants locally that will help to boost the country’s exports in order to reduce the bilateral trade deficit. Betty Maina, Principal Secretary in the Ministry of Industry, Trade and Cooperatives told journalists in Nairobi that India is one of Kenya’s biggest sources of imports. “We are seeking additional Indian …

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