The centre underpaid the food subsidy bill to the Food Corporation of India (FCI) by as much as ₹69,394 crore in order to meet the fiscal deficit target of 3.4% of gross domestic product (GDP) in 2018-19. This rollover of the food subsidy bill, which is 41% of the budget estimate, was the highest during the […]

Prime Minister Narendra Modi approved the reconstitution of the National Institution for Transforming India (NITI) Aayog.Rajiv Kumar has been retained as the Vice Chairman of NITI Aayog. Home Affairs Minister Amit Shah has been appointed as one of the ex-officio members of the NITI Aayog, along with Defence Minister Rajnath Singh, Finance Minister Nirmala Sitharaman, and Agriculture and Rural Development Minister Narendra Singh Tomar. VK Saraswat,

Bank of Baroda (BoB) has declared Dighi Port chairman and managing director Vijay Goverdhandas Kalantri as a wilful defaulter, The Times of India reported. Both Vijay Kalantri and his son Vishal Kalantri, director of Dighi Port, owe close to Rs 3,334 crore to a consortium of 16 banks in the country that include BoB, while

External Affairs Minister S Jaishankar will embark on a two-day visit to Bhutan on Friday for his first bilateral trip after assuming charge of the ministry.  The visit reflects the importance that India attaches to its bilateral relationship with Bhutan, a close friend, and neighbour, the Ministry of External Affairs (MEA) said in a press statement.  During the visit, Jaishankar is

Jay-Z has always lived in a billionaire state of mind, but now it’s official.  The rapper and businessman has made history as hip-hop’s first billionaire, according to a new Forbes cover story published on Monday. The magazine conservatively estimates his fortune totals more than $1 billion.  While Forbes has been historically opaque about its wealth calculations of the

P Jayadevan appointed as executive director of IndianOil Corporation Ltd for Tamil Nadu and Puducherry with immediate effect. He succeeds R Sitharthan He will function as the coordinator for the oil industry in the state and also in the union territory. He will head as the chairman’s secretariat at the corporate office, New Delhi. He has

India has notified a tax information exchange agreement (TIEA) with the Marshall Islands, enabling bilateral sharing of banking information and allowing officials of one country to undertake tax examinations in the other, the finance ministry said on Thursday. The TIEA for exchange of information with respect to taxes was signed on March 18, 2016 at

Taiwan plans to propose a deal to buy tanks and portable missiles from the U.S.This proposal by Taiwan drew an angry rebuke from China. Taiwan’s Defence Ministry requested the US for 108 M1A2 Abrams main battle tanks, more than 1,500 Javelin and TOW anti-tank missiles, and 250 shoulder-fired Stinger anti-aircraft missiles in the proposal formally. The U.S. government, on the other

Viswanathan Anand defeat against world champion Magnus Carlsen of Norway in the Armageddon game at the Altibox Norway Chess Tournament.  Finally some finely disguised manoeuvres in the Armageddon game where the Indian played another black. Armageddon rule invented for a super tournament for the first time. Carlsen, Aronian, Mamedyarov, Liren and Yangyi have 1.5 points

Delhi Metro became the first ever project in the country to receive power generated from a waste-to-energy plant. The Delhi Metro Rail Corporation (DMRC) receiving 2 MW power from a 12 MW capacity waste-to-energy plant set up in Ghazipur. It is being utilized at the Vinod Nagar Receiving Substation (RSS) for meeting the operational requirements of Pink Line