Latest News

India to promote its textiles as political crisis hits Bangladesh’s exports, say sources

NEW DELHI, Jan 14 (Reuters) – India aims to boost its textile and garments industry in next month’s budget with financial support, tariff cuts on key inputs and incentives to produce locally, two government sources said. An ongoing political crisis in neighbouring Bangladesh, opens new tab has prompted global retailers to explore alternatives, including India, for garment imports, exporters told Reuters. “Indian exporters are finding it difficult to meet the rush of export orders in last few months as many U.S. companies are looking for alternative suppliers,” said Mithileshwar Thakur, secretary general at India’s Apparel Export Promotion Council. India’s textile

Delhi polls for AAP, BJP reduced to making allegations; Congress has given people a roadmap: Pilot

Jaipur, Jan 14 (PTI) Congress leader Sachin Pilot on Tuesday said instead of a discussion on inflation and unemployment, the Delhi assembly poll campaigns has remained limited to allegations and counter-allegations between the AAP and BJP. The Congress, however, has focussed on giving a roadmap to the people and has launched new guarantees if elected to power, the former Rajasthan deputy chief minister said. “BJP and Aam Aadmi Party are making allegations against each other. BJP is alleging that so many crores have been spent on CM House or ‘Sheesh Mahal’. Aam Aadmi Party says that so much money was

Rupee hits record low; state-run, foreign banks’ dollar sales cap fall

MUMBAI, Jan 14 (Reuters) – The Indian rupee weakened to its all-time low on Tuesday due to strong dollar bids spurred by the maturity of positions in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India helped cap losses, traders said. The rupee hit a record low of 86.6475 before closing at 86.63 against the U.S. dollar, down from its close at 86.5750 in the previous session. The currency was under pressure through much of the session amid broad-based dollar demand prompted by maturing positions in the NDF market. State-run banks were spotted offering dollars,

Maintain decorum of home minister’s post: Pawar on Shah’s remarks

Mumbai, Jan 14 (PTI) Former Union minister Sharad Pawar on Tuesday rubbished Union Home Minister Amit Shah’s remarks that the BJP’s victory in the November 20 Maharashtra assembly polls ended the politics of betrayal and treachery started by him in 1978. “I was the chief minister in 1978. I am not aware about his whereabouts then,” Pawar told reporters in Mumbai. “When I was the chief minister, there were people like Uttamrao Patil from Jan Sangh in my ministry,” Pawar added. The decorum of the post of home minister should be maintained, the NCP (SP) chief said, bemoaning the lack

1 … 1,203 1,204 1,205 1,206 1,207 … 1,687