Day: January 14, 2019

Fire at Kumbh Mela site, no one injured

Allahabad : A cylinder exploded in a tent at the Digambar Ani Akhara at the Kumbh Mela site, triggering a massive fire on Monday, a day before the fair officially opens, police said. There were no immediate reports of any one being injured, Akhara police station inspector Bhaskar Mishra […]

Discoms’ outstanding dues to power generators rise 24% to Rs 39,498 cr

New Delhi :  Amid stress in the power sector, woes of electricity generating firms have increased further as their outstanding dues on state distribution companies (discoms) rose to Rs 39,498 crore in October 2018, up 24.7 per cent from a year-ago levels, official data showed. “If the outstanding dues […]

LIC’s market share falls below 70 pc

New Delhi : State-owned Life Insurance Corporation’s (LIC) market share fell below 70 per cent in the financial year ended March 2018 as private insurers get more aggressive. The market share of private insurers increased to 30.64 per cent in 2017-18, from 28.19 per cent in 2016-17. “On the […]

High taxes, pollution major challenges to yachting in India: Expert

Phuket (Thailand) :  High taxation, lack of infrastructure and rising pollution levels are impeding the growth of yacht tourism in India, an industry expert has pointed out. India has as high as 60 per cent tax on imports of yachts which is discouraging industry players from bringing luxurious boats […]

FinMin considers steps to prevent composition dealers from charging GST from buyers

New Delhi :  In a consumer-friendly measure, the revenue department is planning to make it mandatory for composition dealers and service providers to declare their GST registration status in invoices to ensure that they do not charge any tax from buyers. The measure, once implemented, would check the widespread […]

Palestinian president plans anti-Hamas measures as split widens

Ramallah (Palestinian Territories) : The decade-long Palestinian split looks set to deepen in the coming months, with president Mahmud Abbas poised to take multiple measures against Gaza to squeeze its Islamist rulers Hamas. The moves raise concerns of more suffering for Gaza’s two million residents, already under an Israeli […]

In Washington, three weddings (whew!) and a shutdown

Washington :  There doesn’t seem to be much love in the air in Washington these days, as a long and bitter government shutdown drags on with no end in sight. But couples whose marriage plans were thwarted by the partial shutdown have gotten a break, thanks to the action […]

Hong Kong investors interested in Inter Milan – reports

Milan : Hong Kong investors are ready to purchase Indonesian businessman Erick Thohir’s 31 percent stake in Italian club Inter Milan, according to reports in Italy on Saturday. The Chinese Suning Commerce Group purchased a controlling 68.55 percent stake in Inter in 2016. Thohir had remained as president with […]

Mining accident in China kills 19, two remain trapped

Beijing : Nineteen people were killed while two remain trapped underground after a roof collapse at a coal mine in northern China, state media reported. A total of 87 people were working underground in the Shaanxi province mine at the time of the accident on Saturday afternoon, official news […]

India invites Chinese participation in its plans to expand Electric Vehicles

Beijing : India plans to achieve electric mobility by 2030 and welcomes Chinese industries participation and investment in the expansion of Indian Electric Vehicles (EV) Market, NITI Aayog Principal Advisor Anil Srivatsava has said. Srivastava, who led an industry delegation from India and addressed summit forum ‘Global Zero Emission […]

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