Rupee closes near 17-month high against US dollar
The Indian rupee on Tuesday rebounded and closed near 17-month high against the US dollar. It gained six out of seven trading sessions. The rupee closed at 65.28 a dollar—up 0.12% from its Monday’s close of 65.36. The rupee opened at 65.40 a dollar and touched a high and a low of 65.21 and 65.44, […]
Banks will take Rs27,400 crore hit if BJP sticks to UP farm loan waiver promise: SBI
If the Bharatiya Janata Party (BJP) government in Uttar Pradesh goes ahead with its poll promise of waiving loans to small and marginal farmers, banks will have to take a hit of Rs27,419.70 crore, said a research report. That impact, of course, will be temporary, as the state government will step in to reimburse lenders. […]
Aadhaar to be mandatory for income tax returns, getting PAN
The government on Tuesday proposed making Aadhaar, the unique number issued by the Unique Identification Authority of India, mandatory for filing of income-tax returns as well as for obtaining and retaining the permanent account number (PAN). It also proposed making cash transactions above Rs2 lakh illegal, reducing the limit from the earlier proposed one of […]
Govt moves fresh proposal to cap cash transactions at Rs 2 lakh, instead of Rs 3 lakh
Government on Tuesday moved a fresh proposal to cap cash transactions at Rs 2 lakh instead of Rs 3 lakh as provided in the Budget, as it introduced as many as 40 amendments to the Finance Bill in an ‘unprecedented move’. As the Finance Bill was taken up for consideration in the Lok Sabha, opposition […]
Trump nominates Indian-American Amul Thapar to top judicial post
An Indian-American legal luminary has been nominated by US President Donald Trump to a key judicial position on the powerful US court of appeals. Amul Thapar, 47, who in 2007 became the first South Asian Article III judge when he was appointed as a US District Judge for the Eastern District of Kentucky, is the […]
Radicalised German teens sentenced for attacking Gurudwara
BERLIN: Three radicalised German-born teens were on Tuesday sentenced to up to seven years in juvenile detention for carrying out a “religiously motivated” bomb attack on a Gurdwara that left a Sikh priest badly injured. The judge ruled that the teens should serve sentences of seven years, six years and nine months, and six years […]
Currency in circulation 30% short of pre-demonetisation levels, shows RBI data
Currency in circulation in India stood at Rs12.45 trillion as on 10 March, showed data from the Reserve Bank of India. Although the pace of remonetisation was quicker in the week to 10 March compared to the two previous weeks, currency in circulation is still at about 70% of pre-demonetisation levels. On 4 November 2016, […]
Mukesh Ambani says expatriate talent should be brought back to India
Days after terming the protectionist bent of the Donald Trump regime as a “blessing in disguise”, Reliance Industries Ltd (RIL) chairman Mukesh Ambani on Saturday said it’s “high time” India promoted reverse brain-drain wherein its brightest talent come back and serve the homeland. “It’s high time that our brightest and the best work for the […]
One held in Hyderabad for cheating NRI
HYDERABAD: A 30-year-old man was on Thursday arrested for allegedly cheating an NRI of over Rs 9 lakh by fraudulently using his international credit card for buying a car and gold ornaments. Cyber crime wing of Hyderabad Police arrested K Nageswara Rao, a native of Guntur district in Andhra Pradesh, who is presently staying here, […]
Preet Bharara was probing Trump cabinet member when fired: Report
Indian-American attorney Preet Bharara, who was recently fired by the Trump administration, was investigating into allegations of trading of health-related stocks of secretary of health and human services Tom Price, an investigative news media outlet has claimed. New York-based independent and non-profit ProPublica, which is known for its investigative reporting mostly on health-related issues, in its […]

