Month: June 2023

China on course to achieve 5% economic growth target in 2023: Li Qiang
Posted in China News

China on course to achieve 5% economic growth target in 2023: Li Qiang

TIANJIN, China: China is on course to achieve its five percent target for economic growth for 2023 set by Beijing earlier this year, premier Li…

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Olivia Chow: Canada's Toronto elects first woman of colour as mayor
Posted in Rest of World News

Olivia Chow: Canada’s Toronto elects first woman of colour as mayor

TORONTO: Leftist candidate Olivia Chow was elected Monday as mayor of Canada’s largest city, ending more than a decade of conservative rule.She is the first…

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One dead in 'gang' shooting in Sydney's Bondi neighborhood
Posted in Rest of World News

One dead in ‘gang’ shooting in Sydney’s Bondi neighborhood

SYDNEY: Australian police said a man was killed in Sydney’s famed Bondi neighbourhood Tuesday, in what local media called a “gang hit”.A police cordon was…

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finance: India's current account likely turned to surplus in Jan-March: Poll
Posted in Economy

finance: India’s current account likely turned to surplus in Jan-March: Poll

India‘s current account balance likely turned positive in January-March, marking the first quarterly surplus in nearly two years thanks to a narrower trade deficit and…

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Canada's largest city elects first woman of colour as mayor
Posted in Rest of World News

Canada’s largest city elects first woman of colour as mayor

TORONTO: Leftist candidate Olivia Chow was elected Monday as mayor of Canada‘s largest city, ending more than a decade of conservative rule.She is the first…

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John B Goodenough, the Nobel-winning creator of lithium-ion battery, dies at 100
Posted in US News

John B Goodenough, the Nobel-winning creator of lithium-ion battery, dies at 100

John B Goodenough, the scientist who shared the 2019 Nobel Prize in Chemistry for his crucial role in developing the revolutionary lithium-ion battery, the rechargeable…

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UK Labour leader declares he has ‘reset party’s relationship with India’
Posted in UK News

UK Labour leader declares he has ‘reset party’s relationship with India’

LONDON: Opposition leader Sir Keir Starmer emphasised the importance of “modern India” to a Labour government (should the party win the next general election) in…

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Inside Image (1).
Posted in Economy

Radios, tape recorders, 2-in-1s remain on CPI playlist

Radios, tape recorders, 2-in-1s and VCD/DVD players have long gone off shopping lists but they still figure in the 300 items tracked for price tag…

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The new Foreign Exchange Management (Current Account Transactions) Rules, which was notified last month on May 16, deleted a section that exempted credit card payments from the LRS.
Posted in Business

Confusion on LRS tweak days before rollout; junk it: Experts

With the July 1 deadline for its controversial tax on international credit card spends looming, the government is still working on knotty issues to evolve…

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Inside Image (1).
Posted in Economy

Banks told to push foreign trade in Rupee

Banks are being nudged to popularise the settlement of cross-border trade in rupee. While many businesses – driven by commercial convenience, balance of payments, and…

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