Category: India News

India withdraws warning on national biometric ID after online panic

NEW DELHI, May 29 – India on Sunday withdrew a warning not to share photocopies of the national biometric identity card after the announcement caused widespread panic on social media. The Aadhaar card, which has a unique number tied to an individual’s fingerprints, face and eye scan, aims […]

Dog day afternoon: India banishes bureaucrat couple amid stadium dog walk furore

NEW DELHI, May 27 – India ordered the transfer of a bureaucrat couple to opposite ends of the country on Thursday, following public outcry over a media report alleging they forced a sports stadium in Delhi to shut early in order to walk their dog. India’s Ministry of […]

India has no plans to curb rice exports as local supplies surge

NEW DELHI, May 26 – India does not plan to curb rice exports as the world’s biggest exporter of the staple has sufficient stocks and local rates are lower than state-set support prices, trade and government sources said. India banned wheat exports on May 14, just days after […]

India could cut import tax on some edible oils to tame local prices, trade and government sources say

NEW DELHI, May 24 – India could soon cut an import tax on crude soyoil and crude sunflower oil, trade and government sources said on Tuesday, as the world’s biggest vegetable oil importer tries to keep a lid on local prices. The reduction in the duty, known as […]

Indian government trims tax on fuel to fight inflation

NEW DELHI, May 21 – India’s Finance Minister Nirmala Sitharaman on Saturday announced a reduction of taxes on petrol and diesel to fight inflation and keep prices of essential items in check. The excise duty on petrol was reduced by 8 rupees ($0.1028) per litre, and for diesel […]

Top India court says tax body’s decisions do not bind states, federal govt

NEW DELHI, May 19 – Decisions by the Indian tax body that sets goods and services tax (GST) rates are not binding on the states or the federal government, a top court said on Thursday, a ruling that could potentially dilute the country’s biggest tax reform. Legal experts […]

India bans wheat exports as heat wave hurts crop, domestic prices soar

Summary Ban could push global wheat prices to new peaks India was aiming to export 10 mln T wheat before ban Heat wave dents size of wheat crop, lifts prices Govt buying falls more than 50% from year ago MUMBAI, May 14 (Reuters) – India banned wheat exports […]

Building fire kills 27 in New Delhi, police arrest company owners

NEW DELHI, May 14 – Police in New Delhi arrested two people suspected of flouting fire safety regulations on Saturday after at least 27 people died in a blaze at a building housing a manufacturing unit for surveillance cameras. Rescue teams worked overnight to clear the burnt out […]

Sonia targets PM at Cong’s Chintan Shivir, says minorities being ‘brutalised’

Udaipur, May 13:  Congress chief Sonia Gandhi on Friday launched a blistering attack on Prime Minister Narendra Modi, charging that it has become clear that his mantra of ‘minimum government, maximum governance’ means keeping the country in a permanent state of polarisation, “brutalising” minorities and “threatening” political opponents. […]

India’s top lender SBI Q4 profit misses, new bad loans rise

MUMBAI, May 13 – State Bank of India (SBI) (SBI.NS) missed fourth-quarter profit estimates despite record earnings as higher overhead costs and interest expenses weighed, with a rise in new bad loans sending shares falling to lowest levels in over two months. Shares of SBI, India’s biggest lender widely seen […]

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