India

New Delhi, Feb 2: Government of India’s plans to classify data centres and energy storage as infrastructure assets allowing firms to access cheap and long-term credit, in a big boost for billionaires Gautam Adani, Sunil Mittal and Mukesh Ambani’s plans to aggressively grow in these segments. “Data centres and energy storage systems including dense charging infrastructure and grid-scale battery

New Delhi, Feb 1: For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 35 paise from borrowings and other liabilities, 5 paise from non-tax revenue like disinvestment and 2 paise from non-debt capital receipts, according to the Budget documents for 2022-23. According to the Union Budget 2022-23 presented in Parliament by Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget for the fiscal year beginning 1 April. Infrastructure emerged as the topmost priority for the Narendra Modi government as the finance minister said that the budget for 2022/2023 will lay the foundation for economic growth through public investment as Asia's third-largest economy emerges from a pandemic-induced slump

New Delhi, Feb 1: Having closed the most high-profile disinvestment process of Air India, the government also decided to retire the airline’s debt that it transferred to the Special Purpose Vehicle (SPV). In the Union Budget 2022-23, the government allocated an additional Rs 51,971 crore towards the settlement of outstanding guaranteed liabilities of Air India and its other sundry commitments

Niranjan Kumar, the eldest son of a small farmer in the eastern Indian state of Bihar, was one of 1.25 crore youngsters who applied for 35,000 jobs when the railways department started recruitment examinations more than a year ago. The mathematics graduate, 28, and his dormitory mates did not even make it to a recently released shortlist despite preparing for years, a collective setback that

New Delhi, Jan 31: Indian economy contracted by 6.6 per cent in 2020-21 as against the earlier estimate of 7.3 per cent decline, showing that the Covid-19 pandemic hit economy did not perform as badly as was initially worked out. As per the provisional estimates released in May 2021, the GDP had contracted by 7.3 per cent during 2020-21 on account of the outbreak of Covid-19 and subsequent

Punjab Congress chief Navjot Singh Sidhu's elder sister Suman Tur has accused him of “deserting” her mother for the "sake of money" in her old age. Suman Tur, who lives in the United States, described Navjot Sidhu as “a cruel person”. Suman Tur is currently in Chandigarh, where she addressed a press conference on Friday, alleging that Navjot Sidhu had thrown her out along with her mother in 1986

Two more legislators, belonging to the Apna Dal, an ally of the BJP, have resigned just ahead of the Uttar Pradesh Assembly elections scheduled to take place next month. Following his resignation, Chaudhary Amar Singh said: "This government is a liar and no development has been done. I met Akhilesh Yadav and will join him. Soon more people will join us." He is likely to contest his Shohratgarh

Lucknow, Jan 13: The resignation of three ministers in three days and the subsequent photos being uploaded with Samajwadi Party (SP) chief Akhilesh Yadav has changed the dynamics of Uttar Pradesh politics. Till a few days back the BJP was confident of winning back the state but the resignations have sent jitters down the spines in the BJP camp. The question is, whether there is an undercurrent in

Lucknow, Jan 13: Uttar Pradesh minister Dharam Singh Saini on Thursday resigned from the BJP, becoming the ninth MLA to break off ties with the saffron party just days ahead of the state assembly polls. Earlier in the day, Dharam Singh Saini returned the security cover and residence allotted to him by the state government, which set off speculation that he was going to quit the BJP. Dharam Singh