Srinagar : The security forces neutralised four terrorists and captured one alive, near the Line of Control (LoC) in Kupwara district of Jammu and Kashmir. The terrorists are from Pakistan and the one apprehended alive is from Lahore. Union Minister of State for Home Affairs, Kiren Rijiju termed the operation a grand success, stating, ‘this has […]
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New Delhi (PTI) : Indian Finance Minister Arun Jaitley has said that overcoming the adverse impacts on the world economy post ‘Brexit’, India has proved its economical capacity. Finance Minister further expressed his trust in the Indian economy saying that at the global level India has come forward as the safest place to invest. Addressing the Lok Sabha Finance Minister Jaitley assured the House that RBI and SEBI, the regulatory authorities of the Indian banking sector and the stock market are taking proper precautions to keep the investments in India safe in the happenings post ‘Brexit’ and are constantly keeping an eye on the global […]
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Rome/Brussels : European economists and analysts have claimed that as the Italian banking sector is overburdened with a debt of 350 billion, the Italian economy could also tumble down like that of Greece. The Italian economy is the 3rd largest economy in the ‘Eurozone’. The instability of this economy may lead to uncertainty in the entire […]
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Ankara : The Turkish government proclaimed that it will weed out each and every person involved in the coup against President Erdogan. In the ruthless operations being carried out by the loyal Turkish forces, 50,000 people had already been taken captive by Wednesday. The held include many teachers and it is claimed that the operations will […]
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Mumbai: On the background of the declaration made by the Indian Government in the last month regarding the new policy for the textile industry, ICRA Ltd. has estimated that textile exports would increase by 6% in the financial year 2016-17 reaching US $40 billion. The increasing demand for the cloth and the price hike of the thread will lead to increase in exports, estimates the credit rating agency. Even after the financial volatility at the global level there will be a rise in exports of the country, expects ICRA. The decreasing cost of cotton and fibre has lead to decrease in the growth of textile sector. It is estimated that there will be a decrease in the exports of raw cotton in the year 2016-17. However, there is an expected rise in the textile exports at the same time. In order to face the increasing competition in the textile exports, the co-operation extended by the government would lead in the increase of textile exports, said Anil Gupta, Vice Chairman of the corporate sector rating, ICRA. He further said that along with the textile exports there would be an increase in the export of the cloth used for household decorations. He expects that the price hike of fibre in the current year as compared to that of the previous year will prove beneficial to this sector. In the current financial year, there has been a fall in the textile exports by 6% in the first two months bringing the exports at $5.7 billion. But, the scenario would change in the coming few months as estimated by the experts. There has not been much difference in the past three years in the overall textile exports of India. In the year 2014-15 the exports were $41.4 billion, whereas in the year 2013-14 the figure was $39.31 billion. However it is believed that the co-operation from the government will help in increase of exports.
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Moscow : President Vladimir Putin has signed into law, a controversial anti-terror legislation. The new law that provides for rigorous punishment for engagement in terror activity and for inciting terror also grants special powers to the Russian security agencies. Mobile companies and internet service providers have however, expressed their disapproval of the law. Taking into […]
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On Wednesday 6th July gold hit its highest in more than two years, by virtue of uncertainty, drop in stock markets and slide in some bond yields to record lows after Britain’s vote to leave the European Union (Brexit). Post the rise, gold rates having reached to $ 1367.104 per troy ounce (31.10 g) is […]
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Sochi, Dt. 2 (News Agency) – An important meeting was held between the foreign ministers of Russia and Turkey newly improvise the cooperative measures by leaving behind the previous tensions that was created on causing of fall of the Russian fighter plane in the Syrian border by Turkey last year. During that time, Mevlut Cavusoglu, […]
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London, dated 1st July (Press)- London, famously known as the Financial Hub globally and in Europe markets, would possibly lose the status post the Brexit results. Post Brexit many companies are moving their offices outside the UK. Germany, France and Ireland are putting in efforts to attract the companies planning to exit the UK. Financial […]
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Bengaluru, Dated July 1 (News Agency)–India first indigenous multi-role fighter jet ‘Tejas’ was inducted into the Indian Air Force on Friday. The Prime Minister of India, Mr. Narendra Modi expressed his happiness by stating that he is feeling extremely proud with this induction. He added that it was also a proof of India’s skills and […]
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