NEW DELHI: Foreign automakers’ hopes of a booming Indian car market are fading fast as a brutal second wave of Covid-19 infections and limited government room for more stimulus spending suggest a recovery could lag far behind China and the United States. Carmakers that saw nearly a decade of Indian sales growth wiped out in … Read more
External Affairs Minister S Jaishankar on Tuesday met Qatar’s foreign and defence ministers and discussed bilateral cooperation with them and exchanged views on global regional issues during his second visit to the key Gulf nation in a week. Jaishankar met his Qatari counterpart Mohammed bin Abdulrahman Al-Thani, who is also Deputy Prime Minister, in Doha, … Read more
The Adani Group, however, said the accounts had not been frozen New Delhi: The Congress on Tuesday asked the government to break its silence over the National Securities Depository Ltd (NSDL) freezing the accounts of three foreign investor funds holding a sizeable stake in Adani Group companies and come out with the truth. Congress spokesperson … Read more
The income tax department on Monday allowed manual filing of certain forms after the new tax filing portal continued to face tech glitches even after a week of its launch. The I-T department issued a circular allowing manual filing of Form 15CA/15CB (required for foreign remittances) with banks till June 30, so that business transactions … Read more
MUMBAI: The country’s forex reserves crossed the $600-billion mark for the first time on the back of continued foreign investment flow into the capital markets. According to the RBI, forex reserves increased by $6.8 billion in the week ended June 4 to $605 billion. The current level of forex reserves are enough to cover nearly … Read more
China’s new anti-foreign sanctions law was rushed into force on Thursday (Representational) Beijing: A new Chinese law against foreign sanctions is designed to boost Beijing’s power against international pressure, but could spark compliance dilemmas for foreign businesses operating in the world’s second-largest economy. It comes just a week after US President Joe Biden expanded a … Read more
The Ministry of External Affairs (MEA) on Thursday said it is aware of the challenges being faced by the Indian students who are unable to travel to foreign countries to pursue their studies due to the restrictions put in place to curb the spread of COVID-19 and is taking up the issue with the governments … Read more
India is close to agreeing to grant foreign COVID-19 vaccine makers such as Pfizer Inc protection against legal liability so that it can use their shots in an immunisation campaign that is facing acute shortages, three government sources told Reuters. “Indemnity will be granted,” said one of the sources. “If one company gets it then … Read more
External Affairs Minister S Jaishankar was received by the Ambassador in Kuwait Kuwait City: External Affairs Minister S Jaishankar arrived in Kuwait on a bilateral visit today. According to diplomatic sources, the aim of the visit is to deepen India’s ties with the oil-rich Gulf nation. It comes nearly three months after the two countries … Read more
Foreign Secretary Harsh Vardhan Shringla on Wednesday held talks with US Charge D’Affaires Daniel B Smith focusing on ways to combat the coronavirus pandemic including supply of COVID-19 vaccines. External Affairs Ministry Spokesperson Arindam Bagchi said regional issues, and cooperation in the United Nations also figured in the “productive meeting”. “Foreign Secretary @harshvshringla had a … Read more