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  • ADB maintains 2018, 2019 GDP growth forecasts for developing Asia

    19 July, 2018 3:00 AM 35

    The Asian Development Bank said developing Asia is on track to meet growth expectations for this year and 2019, but warned that rising U.S. protectionist trade measures and countermeasures from China and others pose "a clear downside risk". The Manila-based institution, which released an update of its Asian Development Outlook on Thursday, kept its 2018 and 2019 economic

  • Passengers may soon shell out 50% more for security fees at airports

    18 July, 2018 4:54 PM 44

    The Passenger Security Fee (PSF), that travellers have to pay at airports, will see a sharp rise soon. Airport operators have informed the government that the current PSF is not sufficient to meet costs and the amount should be hiked. At present each passenger shells out Rs 130 as PSF, which is used to pay salaries of Central Industrial Security Force

  • IGST refund of Rs 21,142 crore sanctioned as on June 16

    18 July, 2018 3:58 PM 37

    Chaudhary said that in order to sort out the problems being faced by the exporters for refund claims of GST two ‘Special Drive Refund Fortnight' were organised in March and June. The government today said integrated GST refunds amounting to Rs 21,142 crore have been sanctioned as on June 16 for exporters. "IGST refunds amounting to Rs 21,142 crore

  • EPFO invested nearly Rs 50K cr in ETFs till June 30: Govt

    18 July, 2018 3:55 PM 54

    Retirement fund body EPFO has invested Rs 48,946 crore in exchange-traded funds (ETFs) till June 30, 2018, parliament was informed today. The Employees' Provident Fund Organisation (EPFO) is investing in ETFs based on Nifty 50, Sensex, Central Public Sector Enterprises (CPSEs) and Bharat 22 indices. The body does not invest in shares and equities of individual

  • PepsiCo India to reduce salt in snacks; to pilot plant-based packaging

    18 July, 2018 3:36 PM 42

    PepsiCo India said it has already introduced upgraded variants of its Lay's snacks with reduced sodium in different flavors. PepsiCo India on July 18 said that it will reduce salt content in 75 percent of its snacks portfolio by 2025 as part of strategy towards offering healthier food. The company also said that as part of sustainable packaging solutions

  • Government ropes in Google to create 3D views of monuments on Incredible India website

    18 July, 2018 3:35 PM 80

    Tourism minister KJ Alphons expressed hope that this virtual reality experience will inspire tourists to visit India. The tourism ministry has initiated a project with Google to offer 3D views of Indian monuments on the website of Incredible India. As per a report in The Economic Times, tourism minister KJ Alphons said: "We want to give tourists a virtual

  • 'Cash for Transfer' scam tarnishes image of UP Police

    18 July, 2018 3:13 PM 33

    The policemen in the leaked WhatsApp chat have stated that he paid a bribe of INR 50,000 to transfer his posting to Dibai from Noida Senior policemen in Uttar Pradesh first denied and then tried to do damage control after a leaked WhatsApp chat revealed that a Station House Officer (SHO) posted in Bulandshahr had to pay a bribe of Rs 50,000 to the Meerut

  • Vistara's 24-hour flash sale: Book flight tickets starting at Rs 1,299

    18 July, 2018 2:36 PM 32

    On Wednesday, Vistara announced a 24-hour flash monsoon sale with all-inclusive one-way fares across all its cabin classes. Many airlines like Jet Airways and IndiGo have already announced monsoon discount packages in their efforts to attract more passengers. As per a tweet by the airline, passengers can save up to 50 per cent if they book their tickets

  • RCom reports smaller loss in first quarter

    18 July, 2018 2:31 PM 33

    Debt-laden Indian telecoms company Reliance Communications Ltd (RCom) reported a narrower first-quarter loss of Rs 3.42 billion (USD 34 million) on Wednesday, citing lower expenses in terms of access charges and licensing fees. It was the company's seventh straight quarterly loss and compared with a loss of Rs 12.21 billion a year ago. RCom is yet to complete

  • JSW Steel to double Dolvi capacity to 10 mtpa by 2019

    18 July, 2018 2:00 PM 39

    JSW Steel Ltd today said its domestic expansion was well on track at its Dolvi unit in Maharashtra, which would double capacity to 10 million tonnes per annum at an estimated cost of Rs 15,000 crore by the end of 2019. "We are installing a new integrated 5-million tonne capacity flat steel plant at Dolvi. Work is going on and is likely to be completed