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Finance


France To Tax Digital Giants From 2019, Says Finance Minister

Finance Minister Bruno Le Maire on Thursday stated France will tax digital giants at a national level from 2019 if European Union states cannot reach an agreement on a tax on digital revenues for the bloc. EU finance ministers detained to agree on a tax on digital revenues on Tuesday, despite the last minute Franco-German …

Vijay Mallya Offers To

Five days before a UK court’s verdict on whether Vijay Mallya can be extradited, the fugitive businessman, who is being investigated for fraud and money-laundering, appealed to several Indian banks to accept his offer to pay back 100 percent of the principal loan amount he owes them. In a web of tweets, the liquor baron …

US Gives Russia A 60-Day Ultimatum To Comply With Nuclear Treaty

The United States delivered Russia a 60-day ultimatum on Tuesday to come clean about what Washington stated is a violation of a arms control treaty that keeps missiles out of Europe. NATO allies led by Germany pressed U.S. Secretary of State Mike Pompeo at a meeting in Brussels to give diplomacy one last chance before …

Delhi Government Bars Bloomberg-Funded Charity From Tobacco Control Work

A small Indian non-profit funded by Bloomberg Philanthropies will not be permitted to carry out tobacco-control work in New Delhi after it failed to disclose its funding, according to a city government official and a memo seen by Reuters. Other foreign-funded organizations will be required to seek prior approval in the future for anti-tobacco activities …

Farmer Gets Rs. 1,064 For 750 kg Of Onion, Sends Money To PM In Protest

An onion-grower from Maharashtra who had to sell his produce for few over Rs. 1 per kg has sent his earnings to the Prime Minister to mark his protest. Sanjay Sathe, the resident of Niphad tehsil in Nashik district, was among the handful of ‘progressive farmers’ chosen by the Union agriculture ministry for an interaction …

NPA crisis not due to farm loan waiver,

The non-performing assets (NPA) crisis in the country is not because of loan waivers to farmers, stated BJP Lok Sabha member Varun Gandhi on Friday as he backed the UPA government’s Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) scheme. Labeling students at the Indian Institute of Management, Ahmedabad (IIM-A), where he also launched his …

US and UK strike the deal to preserve air service after Brexit

The United States and the United Kingdom have reached an agreement to sustain air service between the two countries after Brexit. UK Transport Secretary Chris Grayling ascertain the so-called open-skies agreement on Wednesday. The deal will regularise the same access to the US that planes flying from the UK enjoy under the current US-Europe air …

Urjit Patel Briefs Parliamentary Panel On Notes Ban, Reforms In RBI

RBI Governor Urjit Patel Tuesday appeared before a parliamentary panel to talk on demonetization and NPA situation in the public sector banks, among other issues, sources said. Patel was before scheduled to appear before the panel on November 12. The source said matter related to November 2016 demonetization of old Rs. 500/1000 notes, reforms in …

Robust Credit Growth In Economy, Fundamentals Strong

Citing strong fundamentals, Reserve Bank of India (RBI) Governor Urjit Patel said a group of lawmakers on Tuesday that the impact of demonetization was “transient” and the economy had registered a robust credit growth of 15 percent this fiscal. The RBI chief, seen to be at odds with the government over a range of issues …

IRCTC joins the bandwagon, trolls IndiGo over new web check-in controversy

“We believe in being as clear with our customers as we can be! No hidden charges on any bookings made via IRCTC Air!” tweeted the official Twitter handle of IRCTC. The tweet comes after budget airlines IndiGo was slammed for launching extra charges for web check-in for all seats. Though IndiGo clarified that there is …

1984 Anti-Sikh riots

The Delhi High court on Wednesday upheld the jail-term of 88 people, more than 22 years after they were convicted for their indulging in the 1984 anti-Sikh riots and awarded them five-year jail term. On August 27, 1996, a sessions court had convicted 88 out of 107 people captured on November 2, 1984, for rioting, …

NIA to probe Kishtwar killings

The Jammu-Kashmir Government has handed over the probe into the killing of a senior BJP leader and his brother in Kishtwar to the National Investigation Agency. A senior police official confirmed the news, saying that investigations into the matter will now be done by the NIA. BJP state secretary Anil Parihar and his brother Ajit …