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India-Pak tension: ADB says stability is the basis for peace, prosperity; watching South Asia developments

Milan, May 7 -- The Asian Development Bank (ADB), which backs sovereign and private sector development projects in the Asia-Pacific region, said it regretted the loss of lives amid rising India-Pakist... Read More


Free trade pact with EU possible by year-end amid shared urgency: Sitharaman

Milan, May 6 -- India accords a high priority to the free trade agreement (FTA) with the European Union (EU), and a deal is achievable by the year-end given the shared urgency, finance minister Nirmal... Read More


Trump tariffs mixed bag for Asia-excluding China: ADB chief economist

New Delhi, May 6 -- US President Donald Trump's reciprocal tariffs are a mixed bag for Asian economies, other than China, given their opportunity to replace some of China's exports to the US, accordin... Read More


Sitharaman urges ADB to speed up financing deals; US, China spar over funding

Milan (Italy), May 5 -- Finance minister Nirmala Sitharaman on Monday urged the Asian Development Bank (ADB) to cut the processing time for its lending transactions and either enhance or better manage... Read More


Boost domestic demand, shrink inequality to become rich country by 2050: ADB chief Masato Kanda

Milan (Italy), May 4 -- Developing countries like India can close the gap with advanced economies by continuing reforms, boosting domestic demand, enhancing competitiveness and improving human capital... Read More


CBDT charts route to achieve target after Rs.1 tn relief to middle class

New Delhi, May 3 -- After forgoing Rs.1 trillion in revenue to provide relief to the middle class in this year's budget, the government has set tax collection targets for key regions to meet its Rs.25... Read More


Arvind Shrivastava takes charge as revenue secretary

New Delhi, May 2 -- Senior bureaucrat Arvind Shrivastava on Thursday took charge as revenue secretary to the central government, according to an official statement. Shrivastava's appointment was clea... Read More


ED targets forex, FDI offences after returning Rs.15,261 cr to laundering victims

New Delhi, May 1 -- Riding on its improved global ranking in combating money laundering, India's financial crime-fighting agency, the Enforcement Directorate (ED), will now prioritise probing violatio... Read More


Google settles antitrust case with CCI over smart TV practices, to pay Rs.20 crore

New Delhi, April 21 -- Google has become the first company to utilize India's newly-enacted settlement framework, receiving a settlement order to pay Rs.20 crore to resolve an antitrust investigation ... Read More


More digital nudges weighed as taxman pushes compliance

New Delhi, April 21 -- Armed with a heavy dose of technology, the income tax department is planning to step up its 'nudging'-non-intrusive engagement with individuals and businesses-for tax compliance... Read More