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Shifting of rail assets for bullet train project begins

New Delhi: The National High Speed Rail Corporation Limited (NHSRCL), nodal agency for the 508-km Mumbai-Ahmedabad bullet train project, has started relocating the Western Railway’s structures in Vadodara that are falling in the project area. A senior NHSRCL official told IANS, structures of the Western Railway, like cabins and offices, falling in area sanctioned for the high-speed rail corridor, were …

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No free Metro rides plan for women received: Puri

New Delhi: The central government on Thursday said it had not received any proposal for free rides for women in Delhi Metro trains from the Delhi government for approval. In a written reply to All India Trinamool Congress MP Saugata Roy, Minister of State for Housing and Urban Affairs Hardeep Singh Puri in the Lok Sabha said the Union government …

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Data related to payments to be stored only in India: RBI

PTI Mumbai The Reserve Bank Wednesday said all data related to payments must be stored only in India and data processed abroad will have to be brought back to the country within 24 hours. “The entire payment data shall be stored in systems located only in India…,” the RBI said in its FAQs on certain implementation issues raised by the …

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India won’t allow trade talks overtake national interest: Goyal

PTI New Delhi Stating that the US has taken a “unilateral position” in rolling back export incentives from India, the government Wednesday asserted that it would not allow trade negotiations to overtake issues of national interest. Responding to supplementaries during the Question Hour in Lok Sabha, Commerce and Industry Minister Piyush Goyal said “we believe” that the US decision of …

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ECONOMIC SCAN

Seminar on MSMEs today   PANAJI: The World Trade Center- Goa is holding a seminar on MSMEs and Global Economy on June 27, the occasion of United Nations World MSME Day. GR Akadas, director, MSME Di, Goa and Shashi Kumar M assistant director, along with Prashant Kamat, functional manager, DITC, will be speakers at the event. The seminar is at 2.30 …

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Toyota launches premium hatchback Glanza

Modi attacks Congress, seeks Opposition’s support NT NETWORK Panaji Sharayu Toyota Wednesday marked its entry into premium hatchback segment with the official launch of Toyota Glanza. Designed to cater to the needs of the youth car owners, this newest premium hatchback is sophisticated with a suite of intuitive features and intelligent design that come together with unmatched comfort and safety. …

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Budget may maintain status quo on angel tax

New Delhi: The Union Budget on July 5 was likely to maintain a status quo on angel tax for start-ups, sources said and added the problematic issues were taken care of in February this year. It indicates no change in Section 68 of the Income Tax Act, 1961, under which any unexplained funding raised by a start-up can be held …

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World Bank approves $147 mn loan to Jharkhand

Ranchi: The World Bank on Tuesday approved a $147 million loan agreement to provide basic urban services to the people of Jharkhand and help improve the management capacity of the urban local bodies (ULBs) in the state. “The Jharkhand Municipal Reform Programme will focus on improving the municipal sector’s capacity to provide basic urban services. It will invest in urban …

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‘Premium’ salt in India contains deadly cyanide: US report

Mumbai: In a shocker, a US lab report reveals that premium brands of processed iodised salt sold in India allegedly contain alarming levels of carcinogenic and harmful components like potassium ferrocyanide, an activist said here on Tuesday. According to Shiv Shankar Gupta, chairman of Godhum Grains & Farms Products, the test by American West Analytical Laboratories has revealed that potassium …

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Odisha to focus on agriculture to bring poverty below 5%

Bhubaneswar: Odisha Governor Ganeshi Lal on Tuesday said the government will emphasise on agriculture development and farmers’ welfare for bringing poverty below five per cent over the next five years. Addressing the inaugural session of the 16th Odisha Legislative Assembly, the Governor said the government will provide interest free crop loans to small and marginal farmers up to Rs 1 …

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