ATMs, debit & credit cards will be redundant in 4 years, says Amitabh Kant
This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
United Airlines has suspended it's Newark-New Delhi flight due to poor air quality concerns in Delhi, reports ANI.
American carrier said that it is suspending flights due to the bad air quality in the capital. Customers who have booked tickets between November 9 and November 13 will be allowed to book tickets for flights leaving on or before November 18 at no additional cost, the airline said.
Nov 11, 08:24 PM (IST)
Russian President Vladimir Putin today said accusations that Moscow meddled in US elections, particularly through contacts with Donald Trump's campaign team, are "fantasies" and attempts to undermine the
US presidency.
The Trump administration has been roiled by claims that Moscow helped the billionaire into the White House, with key former aides under a US investigation for alleged collaboration with the Kremlin.
Nov 11, 08:01 PM (IST)
Lebanon's president has told foreign ambassadors that the country's prime minister Saad al-Hariri, who resigned suddenly last week in Saudi Arabia, has been "kidnapped" and must have immunity, a senior Lebanese official told Reuters on Saturday.
Nov 11, 07:46 PM (IST)
JSW Steel and Lodha Group are among the 20 entities that have evinced interest to invest Rs 2,000 crore to complete the pending real estate projects of debt-laden Jaypee Group firm Jaypee Infratech. According to sources, the Sajjan Jindal-led JSW Steel in association with Jaypee Group's flagship Jaiprakash Associates has expressed interest in the project.
Besides, sources said, the Mumbai-based realty firm Lodha Developers has submitted an expression of interest (EoI) for completing the projects as per the insolvency resolution plan. The EoI invited by insolvency resolution professional (IRP) has received response from various entities, including corporates and asset reconstruction companies.
Nov 11, 07:13 PM (IST)
Senior Congress leader P Chidambaram has said that the BJP of today was not the one of the Vajpayee-Advani era, and his party workers need to exhibit a more vigorous fighting spirit to take on it.
He alleged the saffron party was "caught" in the hands of "some leaders" who felt that their main agenda for being in power was to push the idea of Hindutva.
"In order to oppose and fight the BJP, I say that we should have more fighting spirit (por gunam)," he told party functionaries here today.
Nov 11, 06:42 PM (IST)
Seeking to take credit for the Centre's decision to reduce the GST rates on a number of items, Congress vice president Rahul Gandhi today said he would not rest till the five-slab "Gabbar Singh Tax" was converted into the "Goods and Services Tax" with an 18-percent cap.
The Gandhi scion, who launched his poll campaign tour of north Gujarat after offering prayers at the Akshardham temple in Gandhinagar today, again raked up the issue of a company of Jay Shah, the son of BJP president Amit Shah.
Nov 11, 06:29 PM (IST)
ONGC is hoping to complete its acquisition of the state-run HPCL by March, ONGC's chairman and managing director Shashi Shanker said.
When announced in July, ONGC, one of the richest PSUs with a mount of cash, had pegged the cost of acquiring the 51.11 per cent government stake for around Rs 32,000 crore, but since then HPCL stock has rallied and there are fears that the oil and gas explorer will have to shell out much more than the initial estimate.
With the acquisition, ONGC will become the first fully integrated state-run oil and gas company with significant upstream and downstream operations with many refineries and over 14,400 retail outlets.
Nov 11, 05:54 PM (IST)
Union Home Minister Rajnath Singh on Saturday said the world had started realising that India was no longer a weak nation and that it belonged to the club of powerful countries in the world.
At the international level, India's importance has grown. The world realises that India, at this point of time, has emerged as the biggest economy in the world. India today is no longer a weak country, but in the club of the powerful nations of the world," he said at an event.
Nov 11, 05:34 PM (IST)
The Congress in Arunachal Pradesh today urged the Election Commission to announce by-election dates for two Assembly constituencies in the state that are vacant for several months.
The constituencies are Pakke-Kessang in East Kameng district and Likabali in Lower Siang district.
State Congress president Takam Sanjoy, in a letter to Chief Election Commissioner Achal Kumar Joti, said Pakke-Kessang (ST) Assembly constituency has been vacant since February 8 this year.
Nov 11, 05:08 PM (IST)
The Income-Tax department continued its searches for the third day today at premises linked to jailed AIADMK leader VK Sasikala and her kin over suspected tax evasion.
I-T officials though did not elaborate on the value of cash and type of documents seized.
The searches, including in this metropolis, Bengaluru, Hyderabad and a number of other locations in Tamil Nadu, that commenced on November 9 were going on at some places, a senior tax official told PTI.
Nov 11, 04:46 PM (IST)
Terming the opposition Congress as "anti-people", Union minister Prakash Javadekar today expressed confidence that the BJP will register a massive
victory in the Gujarat assembly elections to be held next month.
"BJP is very confident of winning the elections in Gujarat and it will register a massive victory on the basis of the work done by the government," the HRD Minister, who was here to take part in the party's door-to-door campaign, told reporters.
Nov 11, 04:26 PM (IST)
Srinagar MP and former J&K chief minister on Saturday said that the Pakistan-occupied-Kashmir belongs to Pakistan and that people on the Indian side should stop asking for 'azadi'.
He also said that Kashmir on the Indian side needs more autonomy and those seeking ‘azadi’ are misguided.
Nov 11, 04:06 PM (IST)
The Congress today claimed credit for the GST Council's decision to cut tax rates on 178 items of daily use, saying the government was forced to do so due to the pressure mounted by party vice-president Rahul Gandhi and the "huge response" his campaign had been receiving in poll-bound Gujarat.
Leading the charge against the government on the Goods and Services Tax (GST), Gandhi said the Congress would continue to fight for a 18-per cent cap on the highest GST slab instead of the current 28 per cent, and vowed that the party would get the job done "if the ruling BJP doesn't".
On Thursday, after three days of choking pollution, the authorities took multiple measures and announced several others. Delhi Fire Services sprinkled water on trees across the national capital as part of measures to control pollution. As many as 52 fire tenders were at work to spray water on trees in Delhi from noon to 4 pm.
Nov 11, 03:40 PM (IST)
"In light of the the two conditions by NGT on 2 wheelers & women, at the moment we are calling it off. We will go back to NGT on Monday, file a review petition for them to reconsider their decision regarding the two," Gehlot said.
A bench headed by NGT chairperson Justice Swatanter Kumar said that no one should be exempted from the scheme, except for CNG vehicles and emergency services such as ambulance and fire.
During the hearing, the tribunal questioned the city government as to why it was granting exemptions to certain sections if the aim was to improve air quality, PTI reported.
The bench also issued notices to the National Highway Authority of India (NHAI) and the National Buildings Construction Corporation (NBCC) to show cause why exemplary cost should not be imposed on them for violation of its order putting a ban on construction activities.
On November 9, Delhi government, led by Arvind Kejriwal, said it will re-implement odd-even scheme for five days beginning November 13.
Transport Minister for NCT of Delhi Kailash Gahlot announced this development on Thursday. However, the minister did not announce if the government is implementing the scheme to test the waters or if it is a norm to be followed henceforth.
highlights
United Airlines has suspended it's Newark-New Delhi flight due to poor air quality concerns in Delhi, reports ANI.
American carrier said that it is suspending flights due to the bad air quality in the capital. Customers who have booked tickets between November 9 and November 13 will be allowed to book tickets for flights leaving on or before November 18 at no additional cost, the airline said.
Srinagar MP and former J&K chief minister on Saturday said that the Pakistan-occupied-Kashmir belongs to Pakistan and that people on the Indian side should stop asking for 'azadi'.
He also said that Kashmir on the Indian side needs more autonomy and those seeking ‘azadi’ are misguided.
Delhi government calls off odd-even scheme.
On November 9, Delhi government, led by Arvind Kejriwal, said it will re-implement odd-even scheme for five days beginning November 13.
Transport Minister for NCT of Delhi Kailash Gahlot announced this development on Thursday. However, the minister did not announce if the government is implementing the scheme to test the waters or if it is a norm to be followed henceforth.
United Airlines has suspended it's Newark-New Delhi flight due to poor air quality concerns in Delhi, reports ANI.
American carrier said that it is suspending flights due to the bad air quality in the capital. Customers who have booked tickets between November 9 and November 13 will be allowed to book tickets for flights leaving on or before November 18 at no additional cost, the airline said.
Russian President Vladimir Putin today said accusations that Moscow meddled in US elections, particularly through contacts with Donald Trump's campaign team, are "fantasies" and attempts to undermine the
US presidency.
The Trump administration has been roiled by claims that Moscow helped the billionaire into the White House, with key former aides under a US investigation for alleged collaboration with the Kremlin.
Lebanon's president has told foreign ambassadors that the country's prime minister Saad al-Hariri, who resigned suddenly last week in Saudi Arabia, has been "kidnapped" and must have immunity, a senior Lebanese official told Reuters on Saturday.
JSW Steel and Lodha Group are among the 20 entities that have evinced interest to invest Rs 2,000 crore to complete the pending real estate projects of debt-laden Jaypee Group firm Jaypee Infratech. According to sources, the Sajjan Jindal-led JSW Steel in association with Jaypee Group's flagship Jaiprakash Associates has expressed interest in the project. Besides, sources said, the Mumbai-based realty firm Lodha Developers has submitted an expression of interest (EoI) for completing the projects as per the insolvency resolution plan. The EoI invited by insolvency resolution professional (IRP) has received response from various entities, including corporates and asset reconstruction companies.
Senior Congress leader P Chidambaram has said that the BJP of today was not the one of the Vajpayee-Advani era, and his party workers need to exhibit a more vigorous fighting spirit to take on it. He alleged the saffron party was "caught" in the hands of "some leaders" who felt that their main agenda for being in power was to push the idea of Hindutva. "In order to oppose and fight the BJP, I say that we should have more fighting spirit (por gunam)," he told party functionaries here today.
Seeking to take credit for the Centre's decision to reduce the GST rates on a number of items, Congress vice president Rahul Gandhi today said he would not rest till the five-slab "Gabbar Singh Tax" was converted into the "Goods and Services Tax" with an 18-percent cap.
The Gandhi scion, who launched his poll campaign tour of north Gujarat after offering prayers at the Akshardham temple in Gandhinagar today, again raked up the issue of a company of Jay Shah, the son of BJP president Amit Shah.
ONGC is hoping to complete its acquisition of the state-run HPCL by March, ONGC's chairman and managing director Shashi Shanker said.
When announced in July, ONGC, one of the richest PSUs with a mount of cash, had pegged the cost of acquiring the 51.11 per cent government stake for around Rs 32,000 crore, but since then HPCL stock has rallied and there are fears that the oil and gas explorer will have to shell out much more than the initial estimate.
With the acquisition, ONGC will become the first fully integrated state-run oil and gas company with significant upstream and downstream operations with many refineries and over 14,400 retail outlets.
Union Home Minister Rajnath Singh on Saturday said the world had started realising that India was no longer a weak nation and that it belonged to the club of powerful countries in the world.
At the international level, India's importance has grown. The world realises that India, at this point of time, has emerged as the biggest economy in the world. India today is no longer a weak country, but in the club of the powerful nations of the world," he said at an event.
The Congress in Arunachal Pradesh today urged the Election Commission to announce by-election dates for two Assembly constituencies in the state that are vacant for several months. The constituencies are Pakke-Kessang in East Kameng district and Likabali in Lower Siang district. State Congress president Takam Sanjoy, in a letter to Chief Election Commissioner Achal Kumar Joti, said Pakke-Kessang (ST) Assembly constituency has been vacant since February 8 this year.
The Income-Tax department continued its searches for the third day today at premises linked to jailed AIADMK leader VK Sasikala and her kin over suspected tax evasion. I-T officials though did not elaborate on the value of cash and type of documents seized. The searches, including in this metropolis, Bengaluru, Hyderabad and a number of other locations in Tamil Nadu, that commenced on November 9 were going on at some places, a senior tax official told PTI.
Terming the opposition Congress as "anti-people", Union minister Prakash Javadekar today expressed confidence that the BJP will register a massive victory in the Gujarat assembly elections to be held next month. "BJP is very confident of winning the elections in Gujarat and it will register a massive victory on the basis of the work done by the government," the HRD Minister, who was here to take part in the party's door-to-door campaign, told reporters.
Srinagar MP and former J&K chief minister on Saturday said that the Pakistan-occupied-Kashmir belongs to Pakistan and that people on the Indian side should stop asking for 'azadi'.
He also said that Kashmir on the Indian side needs more autonomy and those seeking ‘azadi’ are misguided.
The Congress today claimed credit for the GST Council's decision to cut tax rates on 178 items of daily use, saying the government was forced to do so due to the pressure mounted by party vice-president Rahul Gandhi and the "huge response" his campaign had been receiving in poll-bound Gujarat. Leading the charge against the government on the Goods and Services Tax (GST), Gandhi said the Congress would continue to fight for a 18-per cent cap on the highest GST slab instead of the current 28 per cent, and vowed that the party would get the job done "if the ruling BJP doesn't".
While the smog has subsided in the capital, concentration of pollutants continues to remain high.
On Thursday, after three days of choking pollution, the authorities took multiple measures and announced several others. Delhi Fire Services sprinkled water on trees across the national capital as part of measures to control pollution. As many as 52 fire tenders were at work to spray water on trees in Delhi from noon to 4 pm.
"In light of the the two conditions by NGT on 2 wheelers & women, at the moment we are calling it off. We will go back to NGT on Monday, file a review petition for them to reconsider their decision regarding the two," Gehlot said.
The NGT on Saturday gave its nod for implementation of the scheme aimed at tackling high pollution level.
A bench headed by NGT chairperson Justice Swatanter Kumar said that no one should be exempted from the scheme, except for CNG vehicles and emergency services such as ambulance and fire.
During the hearing, the tribunal questioned the city government as to why it was granting exemptions to certain sections if the aim was to improve air quality, PTI reported.
The bench also issued notices to the National Highway Authority of India (NHAI) and the National Buildings Construction Corporation (NBCC) to show cause why exemplary cost should not be imposed on them for violation of its order putting a ban on construction activities.
Delhi government calls off odd-even scheme.
On November 9, Delhi government, led by Arvind Kejriwal, said it will re-implement odd-even scheme for five days beginning November 13.
Transport Minister for NCT of Delhi Kailash Gahlot announced this development on Thursday. However, the minister did not announce if the government is implementing the scheme to test the waters or if it is a norm to be followed henceforth.