Modi govt plans new loan waiver scheme for small entrepreneurs
The government is working on a universal debt relief scheme for small borrowers aimed to help small farmers, artisans and micro enterprises. The plan is likely to be ready for implementation when the new government is formed. The results of the Lok Sabha election that is currently underway will be declared on May 23. Anyone below a specified income and asset threshold such as individuals with an annual income of Rs 60,000, outstanding loans of Rs 35,000 or less and assets worth Rs 20,000 or less will be eligible for the scheme.
Britain's wealthiest: Hinduja brothers return to top of UK rich list, Lakshmi Mittal slips six spots
Indian-born industrialist brother, Sri and Gopichand Hinduja, reclaimed the title of Britain's wealthiest by posting fortunes of 22 billion pounds to their name. The industrialist brothers posted a 1.35 billion jump in their fortunes to rank at the top of The Sunday Times Rich List 2019. The second spot went to Mumbai-born Reuben brothers with 18.66 billion pounds.
Reliance entry to digitise 5 million kirana stores by 2023: Report
Richest Indian Mukesh Ambani-led Reliance Industries' entry into online retailing will help expand the current 15,000 digitised retail stores to over 5 million by 2023, a study of Bank of America Merrill Lynch said. As much as 90 per cent of India's USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries. These kirana stores are keen to upgrade their tech and this is driving a wave of modernization, the study said.
China broke trade deal, dreaming US will elect new President in 2020 elections: Trump
Accusing China of breaking the negotiated trade deal draft with the United States, President Donald Trump on Sunday said Beijing was now "dreaming" that he would be replaced by a Democratic candidate after the 2020 presidential elections. In a series of tweets, Trump indicated toughening of his stand against China. After the near collapse of trade talks with China last week, Trump on Friday imposed a hefty duty on import of Chinese products from 10 per cent to 25 per cent and asking for a similar increase on tariff on the rest of the Chinese import of over USD 300 billion.
Lok Sabha Election 2019 Phase 6: 59 parliamentary constituencies record 63.3% voter turnout
The penultimate phase of Lok Sabha election 2019 witnessed a total voter turnout of 63.3 per cent in 59 parliamentary constituencies in six states and one Union Territory on Sunday, said the Election Commission. The sixth phase of polling was held for four seats in Jharkhand, eight seats each in Bihar, West Bengal, and Madhya Pradesh, 14 in Uttar Pradesh, all 10 seats in Haryana and all seven constituencies in Delhi.
Honda to continue selling diesel cars in India even after BS-VI norms kick in
Japanese auto major Honda will continue to offer diesel models in India even after BS-VI emission norms kick in, unlike Maruti Suzuki which has decided to stop selling diesel cars from April 1, 2020. According to a senior official of Honda Cars India Ltd (HCIL), the company plans to upgrade its two diesel engines
Pakistan to get $6 billion aid from IMF for over 3 years
Pakistan on Sunday reached an agreement with the IMF on a bailout package under which the cash-strapped country will receive USD 6 billion over three years, according to a top official. The staff-level agreement now awaits a formal approval by the International Monetary Fund (IMF) board of directors in Washington.
'Khan Market gang, Lutyens Delhi did not create my image', says PM Narendra Modi in fresh jibe at Rahul Gandhi
Prime Minister Narendra Modi has hit back at Congress President Rahul Gandhi for his statement that the Congress had dismantled Modi's image over allegations of corruption in the Rafale deal. "Modi's image has not been created by the Khan Market gang, or Lutyens Delhi, but 45 years of his toil," Modi told The Indian Express. The PM was referring to Congress President Rahul Gandhi's statement to a TV channel