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BJP spreading communal prejudice, hatred; should worry every Indian: Sonia

Addressing a meeting of the Congress Working Committee, Gandhi said this should worry every Indian and the Congress will have to work hard to repair this damage




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Congress decimated in Delhi election, 63 candidates lose deposits

The party, which ruled Delhi for 15 years on the trot under former Chief Minister Sheila Dikshit, failed to open its account for the second consecutive assembly election in Delhi




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SC asks parties to reveal pending criminal cases against poll candidates

The apex court said political parties will also have to upload reasons for selecting candidates with pending criminal cases on their website




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London-based woman declares herself CM candidate for Bihar Assembly polls

The advertisement mentioned Pushpam Priya Choudhary as president, Plurals, and the CM Candidate, Bihar




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How supply chains established by Nehru helped India break free

Bashing Nehru may be fashionable but flawed. He broke free from the exploitative colonial economic structure and laid strong economic foundations; and above all, India grew fast




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Illegal supply chains: Real & hidden threat to India's security

Pathankot airbase attack proved that terrorists find these the perfect platform to piggyback




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Did Union Budget - 2016 allocate more for rural India and the social sector? Not really

A closer look at budgetary numbers highlights why Indian budgets need to be more transparent




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Trump Says He May Withhold Funding From the World Health Organization

President Trump on Tuesday said the administration will look into withholding money from the World Health Organization. The president said the WHO had become “China-centric.” Photo: Denis Balibouse/Reuters




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WHO Responds to U.S. Halt in Funding

The head of the World Health Organization, Dr. Tedros Adhanom Ghebreyesus, urged solidarity in the global response to the coronavirus pandemic and said they regret the Trump administration’s decision to suspend funding to the WHO. Photo: Salvatore Di Nolfi/Shutterstock




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Indian rival slams Uber's business model

Uber's top rival in India has some unsolicited advice for the U.S. startup: Go local.




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How 'America First' could turn into to 'India First'

Nandan Nilekani, co-founder of one of India's biggest outsourcing companies, says an H-1B visa crackdown would ultimately hurt the U.S.




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Puducherry assembly polls: DMK announces candidates for 9 seats

As per the seat-sharing agreement between Congress and DMK, Congress will contest from 21 seats and DMK from nine




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Opinion: Congress Creates a Coronavirus Spending Mess

Potomac Watch: Congress has found its own neat and plausible answer to the Covid-19 pandemic: spend, spend some more. Thankfully, a few elected leaders are starting to realize it’s wrong. Image: Win McNamee/Getty Images




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Indian Consulate General in UAE resumes partial passport services

The Indian Consulate General in Dubai has issued an advisory on partially resuming the passport services for Indian applicants through BLS Sharjah Centre from April 15 onwards.The advisory from the consulate general says that the applications for renewal of passports that have expired or would expire on or before April 30, 2020 will be processed initially.The Consulate General in Dubai also listed the ways people can apply for the renewal of passports.Those people who want to apply for renewal can send an email to the consulate at the email address- passport.dubai@mea.gov.in with an explanation of the emergency for the renewal.The Consulate would then give an appointment at the BLS International Exclusive Centre for Indian Passport and Visa Services at Sharjah.As per the advisory, the applicant will have to prepare the application online and attach all required documents before visiting the centre at the appointed time.The passport services were suspended in the wake of the COVID-19 ..




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IMF pegs India's growth at 1.9 pc in FY'20-21, but says will bounce back to 7.4 pc next year

The International Monetary Fund (IMF) has projected the growth of Indian economy in 2020 at the rate of 1.9 per cent, while the world economy is likely to contract sharply by "minus 3 per cent" due to the coronavirus pandemic, which is proving worse than the 2008-09 financial crisis.The IMF on Tuesday its yearly World Economic Outlook, providing a grim picture of the world economy amid global lockdown due to the coronavirus pandemic, which has jolted the world by claiming over one lakh lives globally.The IMF has, however, given a bullish projection about India's economic growth in 2021, pegging the growth rate at 7.4 per cent.Gita Gopinath, Chief Economist and Director of the research department at IMF said in her opening remarks, "The COVID-19 pandemic is inflicting high and rising human costs worldwide. Protecting lives and allowing health care systems to cope have required isolation, lockdowns, and widespread closures to slow the spread of the virus.""The health crisis is, ...




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Global financial conditions tightened abruptly due to COVID-19: IMF

The International Monetary Fund (IMF) in its Global Financial Stability Overview released on Tuesday has noted that early in 2020, global financial markets remained afloat as there was a sense of optimism on the back of supportive monetary policy, reduced trade tension and tentative signs of stabilisation in the global economy. However, the spread of COVID-19 has posed a risk that has seen the prices of risk assets and commodities fall at unprecedented speed.The document released by the IMF says that the equity markets experienced the fastest drop in history with the S and P 500 falling 20 per cent from its peak in just 16 trading sessions.The asset price declines reached about half the magnitude seen in 2008-09 at the worst point of the sell-off, and implied volatility spiked across asset classes, in some cases to levels last seen during the global financial crisis.Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF, Tobias Adrian while releasing the




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Indian rapid response team imparts training in Kuwait

The Indian Rapid Response Team imparted training and shared its experience with the Kuwaiti personnel at Jaber Al Ahmed Hospital as part of capacity building in the fight against COVID-19.The team had reached Kuwait on Monday.A release issued by External Affairs Ministry on Monday said that the rapid response team is expected to stay in Kuwait for the next two weeks to help the Kuwait government with medical assistance in testing and treatment of the people infected by the novel coronavirus.The team went to Kuwait following a phone call between Prime Minister Narendra Modi and Prime Minister of Kuwait Sheikh Sabah Al-Khaled Al-Hamad Al-Saba. Both the leaders had agreed for a coordinated approach towards the deadly disease.




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Trump halts US funding for World Health Organization

US President Donald Trump on Tuesday said he has instructed his administration to halt World Health Organisation's funding while a review is being conducted in the WHO's "role in severely mismanaging and covering up" the spread of coronavirus after it emerged in China."Today I'm instructing my administration to halt funding of the World Health Organization. We will redirect global health and directly work with others. All of the aid that we send will be discussed at very, very powerful letters," Trump said during a press conference.The US President has been critical of the world health body stating that the organisation was aware of the dangers of the coronavirus months before it took action.The United States has been the worst-hit country from the coronavirus. The virus has killed over 25,000 people in the country since the outbreak. There are at least 594,207 cases of coronavirus in the US.The US President also said the funding would be suspended while officials conduct a review "to




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Australia Market rises on ending coronavirus restrictions hopes

The Australian share market got a boost on hopes for an economic recovery at home after the government unveiled plans to end most coronavirus restrictions by July. Prime Minister Scott Morrison's announced a plan to ease social distancing restrictions in a three-step process, which would remove all curbs by July and get nearly 1 million people back to work amid a decline in coronavirus cases.




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Understanding fund directory

The Fund Managers of the year have been selected based on risk-adjusted returns




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How China Upended Life at India's Ship-Recycling Yards

At the world's biggest ship-recycling yard at Alang, India, life is becoming harder as fewer ships arrive. Here's why. Photo: Karan Deep Singh/The Wall Street Journal




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We are increasing our footprint in India: Pratyush Kumar

Interview with President, Boeing India




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Make in India: Nitin Gadkari unveils grand plan for logistics hubs and ports

Policy to boost logistics, ports and e-toll collection on anvil




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Jharkhand attracts Rs 62k crore investment at Make in India Week

The state has signed MoU worth Rs 50,000 crore with Adani Group




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Karnataka gets Rs 9,700-cr investment commitment at Make in India Week

Solar cell manufacturer First Solar is looking to setup a manufacturing unit with an investment of Rs 6,000 cr




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FTAs may hurt Make in India drive, says auto parts industry

The government is in discussion with the European Union (EU) and Australia for FTAs. The country already has such trade pacts with Asean




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Volkswagen used defeat device in India too: Geete

Emission nine times more than cap; firm denies claim




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Make in India Week nets Rs 15.2 lakh crore investment commitments

Of the total commitments, 30% have come from foreign players




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Rs 15-lakh cr investment promises at Make in India

Maharashtra, which was the host state, alone received investment proposals of Rs 7.94 lakh cr and 3,294 MoUs




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Modi urged to make reality match 'Make in India' hype

Even as the Make in India hype scales new heights, some bosses questioned Modi's delivery on promises to make it easier to do business




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Modi's $222-billion Make in India haul masks challenges to come

Right now, the campaign launched in 2014 is best known for its logo - a lion made of cogs - that has shown up on billboards from Hanover to San Francisco




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Make in India, finance in UK: Harriett Baldwin

Interview with UK Economic Secretary to the Treasury




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CIDCO inks MoUs worth Rs 30,000 crore during Make in India Week

CIDCO also inked an MoU with Transparency International India to combat corruption and for effective governance




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Make in India: 1,500 workers and a week to clear the junk

They'll be dismantling 27 pavilions spread over 2,30,000 sq mt of land owned by MMRDA




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Make In India Week: Odisha bags Rs 70,959 cr investment commitments

Around Rs 30,000 crore investments are from the mineral sector while the rest are from areas like food processing, electronics, textiles and renewable energy




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Make in India only a first step, say CEOs

Laud the central government for pro-active steps




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Maha forms panel to track MoUs signed at Make in India week

Event through Feb 13-18 at BKC in Mumbai brought in 2,594 MoUs entailing Rs 7.94 lakh cr investments




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Make in India nudges RPG Group to invest at home

Currently, the $2.9 billion RPG Group earns 42 per cent of its revenue from overseas




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India-Australia semi most watched match in ICC WC 2015

A record 309 mn Indians tuned in to watch India's semi-final clash with Australia




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Indian Ports Working At 70-80% Capacity

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Government Of India Announces Sale Of Three Dated Securities For Rs 19,000 crore

The government of India (GoI) has announced the sale (re-issue) of three dated securities for Rs 19000 crore. These include 6.18% GS 2024 9,000, 7.57% GS 2033 4,000 and 7.16% GS 2050 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be price based (for all securities), using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.




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India signs $1.5 billion loan with ADB to support India's COVID-19 immediate response

The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan that will support the government's response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups. Earlier, the ADB's Board of Directors approved the loan to provide budget support to the government to counter and mitigate the adverse health and socio-economic impact of the pandemic.




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Post-Covid era will see perceptible change in global supply-chains and India should capture significant share in the world trade: Piyush Goyal

Minister of Commerce and Industry & Railways Shri Piyush Goyal held discussions with the Export Promotion Councils(EPCs) of the country. He called upon the Exporters to identify their strengths, potentials and competitive advantages in specific sectors, and focus on harnessing them in the world markets. Goyal said that in the post-Covid era, there is going to be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in the world trade. He assured them that the Government will be a pro-active supporter and facilitator in their efforts, and the Indian Missions abroad can play an important role in that. The Minister said that Incentives can be given, but they have to be justified, reasonable, and WTO-compliant.




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India's Gold Demand Tanks 36% In March Quarter

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India Manufacturing PMI Plunges Sharply Into Contraction Zone

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Government of India announces the sale of three dated securities for Rs 19,000 crore

The government of India (GoI) has announced the sale (issue /re-issue) of three dated securities for Rs 19000 crore. These include 5.09% GS 2022 3,000 May 08, 2020, New GS 2030 (maturing on May 11, 2030) 10,000 and 7.19% GS 2060 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be Yield based for New GS 2030 and price based for remaining securities using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.




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India's Services Sector Witnesses Largest Month On Month Contraction

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Gillette India standalone net profit declines 40.31% in the March 2020 quarter

Sales decline 12.66% to Rs 406.57 crore




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McDonald's India adds new McSpicy Fried Chicken on its menu

Speaking about this new fried chicken on the menu, Seema Arora Nambiar, Sr. Vice President, Menu, Marketing and People Resources, McDonald's India (West and South) said All our products are designed keeping in mind what our consumers want and like. McSpicy Fried Chicken has been specifically crafted as per the taste preference of our consumers. This product is carefully marinated with ghost chili pepper and is fried to perfection to ensure it is spicy to the last bite - just the way consumers love it.




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BASF India receives demand notice from Commercial Tax Department, Karnataka

The company has now received demand notice for the further period i.e. 2013-14 from the Commercial Tax Department, Karnataka aggregating to Rs. 85.19 crores (including interest & penalty) by treating the stock transfers of its Mangalore Plant as interstate sales to dealers.