GDP growth to be flat at 6.8% in FY20: Report Friday, July 26th, 2019

MUMBAI, (PTI): The economy will not be able to achieve the official forecast of 7 percent growth in FY20, making it a second consecutive year of sub-7 percent expansion, says a report. Singaporean lender DBS estimates FY20 growth to stay at 6.8 percent, the same as FY19. The economic survey..

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Dikshit: The affable politician who gave Delhi its modern look Saturday, July 20th, 2019

NEW DELHI, (PTI): Sheila Dikshit was one of the tallest leaders of the Congress who had the distinction of being Delhi's longest serving chief minister and giving the national capital Delhi its modern look. A warm and affable politician, she was a loyalist of the Gandhi family. She was handpicked..

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India assesses technical snag that aborted moon mission Monday, July 15th, 2019

NEW DELHI (AP): India’s space organization is examining the technical snag behind Monday’s aborted launch of a spacecraft intended to land on the far side of the moon and expects to set a new launch date within days. The Chandrayaan-2 mission was called off less than an hour before liftoff by..

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India scrubs Moon mission launch one hour before liftoff Sunday, July 14th, 2019

SRIHARIKOTA, India, (AFP): India on Monday postponed the launch of a lunar probe less than an hour before blast-off because of a technical problem, delaying its bid to become only the fourth nation to land a spacecraft on the Moon. The Chandrayaan-2 -- or Moon Chariot 2 -- mission is part of..

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29 die as bus plunges off India’s ‘highway to hell’ Monday, July 8th, 2019

NEW DELHI, (AFP): At least 29 people were killed and 18 others injured when a bus careered off a notorious Indian highway after the driver apparently fell asleep at the wheel, officials said Monday. The bus was carrying more than 50 people along the Yamuna expressway -- known as the "highway to..

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JD(S)-Cong govt under threat as 14 MLAs submit resignation Saturday, July 6th, 2019

BENGALURU, (PTI): Fourteen MLAs of the ruling JD(S)-Congress alliance in Karnataka have submitted their resignation to the Speaker, putting a question mark on the survival of the 13-month-old government. If the resignations are accepted, the wobbly ruling coalition will lose majority in the..

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Petrol, diesel to be costlier; tax on super-rich, gold imports Friday, July 5th, 2019

NEW DELHI, (PTI): Finance Minister Nirmala Sitharaman Friday hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing..

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Banks see whopping 73% spike in frauds at Rs 71,543 cr in FY19 Thursday, July 4th, 2019

MUMBAI, (PTI): Banks have reported a massive 73 percent increase in incidents of fraud worth Rs 71,543 crore in FY19, a senior Reserve Bank official said Thursday. Till March 2019, the top five, 10 and 100 cases of frauds cumulatively reported constituted 24 percent, 34 percent and 70 percent of..

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Wall collapse kills 21 as monsoon chaos hits Mumbai Tuesday, July 2nd, 2019

MUMBAI, (AFP): At least 21 people were killed in Mumbai Tuesday when a wall collapsed as the heaviest monsoon rains in a decade brought chaos to India's financial capital and surrounding areas. Scores more were injured when the structure came down around 2:00 am (2030 GMT Monday) in a slum, said..

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35 dead as bus falls into gorge in J&K Monday, July 1st, 2019

JAMMU, (PTI): At least 35 people died and over a dozen were injured when an overcrowded bus skidded off a hilly road and fell into a deep gorge in Jammu and Kashmir's Kishtwar district on Monday morning, officials said. The minibus, which was on its way from Keshwan to Kishtwar, skidded off the..

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Rupee rises 17 paise to 68.86 vs USD in early trade

MUMBAI, (PTI): The rupee opened on a strong note and rose 17 paise to 68.86 against the US dollar in early trade Monday tracking gains in domestic equities, even as crude oil prices firmed up. Forex traders said, rupee appreciated on reports that Chinese President Xi Jinping and his American..

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Is Trump Right About Middle-East Peace? Tuesday, October 22nd, 2019

By withdrawing American troops from northern Syria, US President Donald Trump has once again signaled that his administration recognizes only two national interests in..

The Battle of the Fading Hegemons Monday, October 21st, 2019

Locking China Out of the Dollar System Monday, October 21st, 2019

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Trump’s Perfidious America Saturday, October 19th, 2019