View: Bank mergers and minor policy changes won’t revive economy

Simply freezing lending by the worst banks was never a long-term solution.

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Govt puts restrictions on imports of agarbatti

Agarbatti imports from China dipped to USD 6.39 million in 2018-19 from USD 8.53 million in the previous fiscal.

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Protest in Hong Kong not to impact trade with India: HKTDC

South Asia Consultant at HKTDC Rajesh Bhagat said the city overall remains safe, and major functions are operating normally, such as the financial market, flow of information and other business activities.

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Engineering Export Promotion Council seeks alternative to interest subvention scheme

The Union government has been providing interest subvention to the extent of three to five per cent on bank credit, EEPC India Chairman Ravi Sehgal said here on Saturday.

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Allowing single-brand retailers to sell online first to help global firms tap Indian market: Deloitte

The government recently relaxed norms for single-brand retailers having foreign investment to attract global players.

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IT Ministry partners Google on 'Build for Digital India'

Google will offer mentorship sessions in product design, strategy and technology to the most promising products and prototypes.

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Rupee volatility, rising cost of borrowing and pending GST refunds major issues faced by exporters: EEPC India

The EEPC India chairman said the Union Commerce and Industry Minister Mr Piyush Goyal is proactively engaged with the exporting community to deal with the challenging global situation.

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MeitY seeks views on non-personal data

Government may also leave it to ministries to define what data should come under policy.

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Bilateral trade in rupee-rouble up 5-fold during Modi govt

Modi, Putin to discuss ways to boost trade ties in Vladivostok next month.

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Cabinet may clear food processing scheme soon

The World Bank will be giving 1,500 crore, while 1,000 crore will be provided by the Centre. State governments will put in 500 crore.

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Big bank mergers: Government turns ten PSBs into four

Other Measures Separate mechanism for sanctioning and monitoring of big loans, operational flexibility in hiring from the market.

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Acreage under kharif crops nears last year's level

The government expects to meet its food grain production target of 291.1 million tonnes set for this year.

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Nirmala Sitharaman lays out roadmap for better governance of PSU banks

The finance minister also announced that banks can now recruit Chief Risk Officer from the market, at market-linked compensation levels to attract best available talent.

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CEA Krishnamurthy Subramanian admits India is showing signs of slowdown

He said ​similar phenomena was also been observed previously before during 2013-14, when growth was around 5 per cent.

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London gets 10m more landline phone numbers to meet demand

Ofcom said a new (020) 4 code will be introduced as there are fewer than half a million numbers left to hand out.

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Technew

Ofcom said a new (020) 4 code will be introduced as there are fewer than half a million numbers left to hand out.

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PM Narendra Modi's key official Nripendra Misra expresses intention to quit

As per to ANI, former Cabinet Secretart PK Sinha has been appointed OSD in PMO following Misra's request.

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India's GDP growth slows to 5% in April-June 2019

India’s gross domestic product expanded 5% in the quarter through June, the slowest pace in five years.

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New FDI norms unlikely to meet objective of higher inflows

The Government had on Wednesday announced moves including 100 per cent FDI in contract manufacturing and coal mining.

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YouTube restores far-right channels after appeal

The video-sharing site said it had been wrong to cut off access to the white nationalist channels.

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The video-sharing site said it had been wrong to cut off access to the white nationalist channels.

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Nirmala Sitharaman announces big banks merger: India will now have only 12 PSBs, down from 24. Details here

Govt today decided to amalgamate 10 public sector banks into four banks.

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Eight men facing charges over illegal streaming sites

Jetflicks and iStreamItAll claimed to offer more content than Netflix and Amazon.

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Jetflicks and iStreamItAll claimed to offer more content than Netflix and Amazon.

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Fiscal deficit touches Rs 5.47 lakh crore at July-end

The revenue gap during April-July has been pegged at Rs 4.57 lakh crore vs Rs 4.42 lakh crore year on year.

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Farmers' profit from kharif crops this year could shrink to 10-12% from 37% a year ago; Crisil Research

As on August 22, 2019, paddy sowing was down 6.4% from a year ago, mainly because of delayed monsoon rains.

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'Need to keep watch on data usage to prevent creation of unprecedented mkt power'

The underlying comparative advantage and strength of the fast growing e-commerce sector comes from data, Niti Aayog Vice-Chairman Rajiv Kumar said.

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India to overtake China as largest importer of coking coal: Fitch Solutions

While China will remain dominant in terms of overall market share, India will become increasingly important in terms of seaborne demand.

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Muted GDP growth in April-June quarter expected

Ahead of official release of GDP numbers, most research firms have predicted muted growth in the previous quarter and have revised downward their forecast for FY20.

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Plans to safeguard companies from sudden change in local laws

Several sector-specific MoUs between the Indian states and various far eastern regions are also on anvil.

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Modi's $5 trillion GDP goal hits a hurdle: Debt at road builder

Modi’s office proposed that NHAI be transformed into a road-asset management company, according to the letter obtained by Bloomberg.

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Google finds 'indiscriminate iPhone attack lasting years'

Criminals used previously unknown vulnerabilities to implant monitoring software, research shows.

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Criminals used previously unknown vulnerabilities to implant monitoring software, research shows.

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Government to check if cash reached the farmers

It has decided to conduct physical verification of PM Kisan beneficiaries by picking 5% beneficiaries randomly to rule out any discrepancy in cash transfer.

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Economy undergoing cyclical, not structural, slowdown: RBI report

The RBI report added that land, labour & marketing issues must be addressed to arrest broad-based downturn in some sectors.

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Technew

The two tech entrepreneurs debated the risks posed by artificial intelligence at an event in Shanghai.

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Elon Musk and Jack Ma disagree about AI's threat

The two tech entrepreneurs debated the risks posed by artificial intelligence at an event in Shanghai.

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India's economic growth seen slipping in April-June, more stimulus expected

If the latest number for expansion of gross domestic product is 5.7% or less, the quarter had the slowest expansion in 21 quarters, since 5.3% in January-March 2014.

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Huddersfield woman jailed for abusing children for money online

Jodie Little was living in Northern Cyprus when she committed the crimes but was prosecuted in the UK.

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Jodie Little was living in Northern Cyprus when she committed the crimes but was prosecuted in the UK.

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Post drought like conditions cause lower cane production

ICRA observes that given the above context, India’s ability to export sugar and continued policy support by govt to divert sugarcane production towards ethanol manufacture will remain a key to sustaining the health of the sugar industry.

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Kharif production to decline in 2019, post 3 years of record high production

Kharif foodgrain production was a record 170.7 million tonnes in marketing year (January to December) 2018, up by 2% over previous year.

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Fruits and vegetables output records flat growth

According to the third advance estimate, the horticulture production is estaimated to be 313.85 million tonnes as against output of 311.71 million tonnes in 2017-18.

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Samsung heir faces South Korea bribery retrial

The Supreme Court also orders a retrial for Samsung's Lee Jae-yong for bribery in the same scandal.

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Technew

The Supreme Court also orders a retrial for Samsung's Lee Jae-yong for bribery in the same scandal.

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Technew

Huawei's next flagship phone will not come with Google's popular apps including Maps and YouTube.

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Huawei's next phone won't have Google apps

Huawei's next flagship phone will not come with Google's popular apps including Maps and YouTube.

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Govt adopting interventionist approach to revive growth

IndRa expects FY20 to be the third consecutive year of subdued growth pushed by a slowdown in consumption demand, delayed and uneven progress of the monsoon so far.

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India offers a bargain: Our consumers, your jobs

Multinationals that want a slice of India's spending are being told to help expand the middle class first.

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Govt’s booster dose for automobile industry to lift affordable housing

While the automobile crisis would not have caused affordable housing sales to come to a halt, sales would definitely shift into low gear.

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India, Russia may sign pact during PM’s Vladivostok trip

The pact will outline a road map to increase bilateral trade manifold and includes a new investment treaty as part of measures to realise untapped potential in economic partnership.

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Pinterest to direct vaccine searches to health sites

The firm will direct vaccine-related searches to public health organisations to combat misinformation.

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India making serious efforts to bring standards up to global norms: US advocacy group on FDI reforms

The Union Cabinet liberalised foreign direct investment (FDI) rules in several sectors.

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Technew

The firm will direct vaccine-related searches to public health organisations to combat misinformation.

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Government in huddle as fragrance of Chinese agarbattis spreads far and wide

High-level meeting to chart revival path for indigenous industry.

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Worst unemployment in decades strains Indian consumer loans

Given the slowdown in the economy, analysts are signaling potential risks, though publicly available data on personal loan arrears is sparse.

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Sugar industry gets Rs 6,268-crore export subsidy

The subsidy will be transferred directly to the farmers’ accounts on behalf of the mills against cane price dues.

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MeitY may not include E-commerce data in privacy bill

Likely to reject DPIIT proposal; bill to only address privacy and security issues related to personal data and not info in public domain.

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Easing single brand retail rules to lure Apple, Oneplus, others: ICEA

The new rules will usher in significant growth of handset demand and better customer experience, the India Cellular & Electronics Association said.

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Cabinet clears Rs 6,268 crore sugar export subsidy

The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi.

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Government liberalises FDI norms, approves 75 new medical colleges

The government has also approved 100 per cent FDI in coal mining activities and contract manufacturing.

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US-China trade dispute presents opportunity for India

The research report, authored by the bank's economist Radhika Rao, lists five reasons why the trade war matters to India.

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Android CamScanner PDF app 'sent malware to phones'

The app, that takes scan-like photographs of documents, has been downloaded more than 100 million times.

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The app, that takes scan-like photographs of documents, has been downloaded more than 100 million times.

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French 'cybercops' dismantle pirate computer network

A team of French police destroys a virus that infected 850,000 computers, officials say.

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Technew

A team of French police destroys a virus that infected 850,000 computers, officials say.

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Technew

Dominic Nielen-Groen called himself Papa Bear on an Instagram hashtag used by paedophiles.

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Technew

Scotland's schools are changing and at the forefront of that change is a project which will see 50,000 pupils given their own iPad.

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Instagram criticised by judge over schoolgirl grooming chat logs

Dominic Nielen-Groen called himself Papa Bear on an Instagram hashtag used by paedophiles.

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Q&A: Why give free iPads to 50,000 pupils?

Scotland's schools are changing and at the forefront of that change is a project which will see 50,000 pupils given their own iPad.

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Mild India recovery from slowdown by March next: Goldman Sachs

The broking house further said it expects a moderate pick-up in economic activity.

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'Rosalind Franklin' Mars rover assembly completed

Engineers in Stevenage, UK, finish building a robot that will search for life on the Red Planet.

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Engineers in Stevenage, UK, finish building a robot that will search for life on the Red Planet.

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Technew

Grimsay in the Outer Hebrides now has superfast broadband, and there's hope it will help business and the population.

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India and Russia eye dairy, diamond biz to give age-old ties a new shine

PM Narendra Modi and Russian President Vladimir Putin will put their stamp of approval to the new direction in bilateral relations at the fifth Eastern Economic Forum.

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Can broadband stop depopulation in the Outer Hebrides?

Grimsay in the Outer Hebrides now has superfast broadband, and there's hope it will help business and the population.

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Animal spirits get worse as India slowdown spills over to July

Weakness in India’s investment and consumption activity worsened in July, with economic growth showing little signs of recovery from a five-year low.

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RBI windfall: Where did the money come from

The RBI accepted the Jalan committee’s recommendation, agreeing to transfer Rs 1.76 lakh crore to the government for 2018-19.

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Stringent rules to protect consumers under new Act: Ram Vilas Paswan

ET talks to the Union minister for consumer affairs, food and public distribution Ram Vilas Paswan about the new Consumer Protection Act.

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CBDT clarifications on I-T return bring relief to NRIs

The move comes following representations from the industry seeking clarifications on various aspects to the new return forms.

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