Business

Jammu, Oct 31 (PTI) Pampore, the hub of saffron in Kashmir, is expected to have a bumper crop of the spice this season due to initiatives taken by the national mission on saffron (NMS).

Under the NMS, a project of Rs 411 crore was approved by the Government of India in 2010-2011, under which an area of 3,715 hectare of saffron was proposed to be rejuvenated, a senior officer of Agriculture Department said.

New Delhi, Oct 31 (PTI) India has lost a case filed by the US at the WTO against domestic export incentives as the dispute settlement panel on Thursday concluded that these schemes are inconsistent with the international trade norms.

With this ruling, India will have to re-work these incentive schemes to comply with the WTO ruling. However, it can file appeal against the ruling at the appellate body of the WTO dispute settlement mechanism.

New Delhi, Nov 1 (PTI) A number of agreements will be signed between India and Germany signifying their broad-based ties and the "very close" relationship between the two countries, German Chancellor Angela Merkel said on Friday

She made the remarks after being received by Prime Minister Narendra Modi at the Rashtrapati Bhavan where she was accorded a ceremonial welcome after arriving here on Thursday night on a two-day visit

WASHINGTON, Oct 31 (NNN-AGENCIES) — Leaders from the United States and China encountered a new obstacle in their struggle to end a damaging trade war, when the summit where they were supposed to meet was cancelled because of violent protests.

U.S. President Donald Trump said he hoped to sign an interim trade deal with Chinese counterpart Xi Jinping during the Nov 16-17 Asia-Pacific Economic Cooperation summit in Chile. Chilean officials said they cancelled the summit to focus on restoring law and order in the country.

31 Oct 2019; MEMO: A high-level European Union (EU) delegation yesterday arrived in the Sudanese capital of Khartoum, intending to support the transitional government, Anadolu Agency has reported.

“The purpose of the visit is to continue the dialogue with the Sudanese government and support, as well as the political and civil forces in Sudan and how the EU can support them in these fixes of momentous change,” the EU mission said in a statement.

31 Oct 2019; MEMO: The US House of Representatives approved sanctions against Turkey yesterday over its military operation and presence into northern Syria, only a week after President Donald Trump lifted them.

New Delhi, October 30; GANASHAKTI: The CPI (M) Delhi State Committee welcomes the announcement of the AAP Government fixing monthly minimum wage of unskilled workers at Rs. 14,842. It also welcomes enhancement in wages of semi-skilled and skilled workers.

This is the result of prolonged struggles by the Left trade unions and workers of Delhi as well as the successful legal fight waged by them in the Delhi High Court and Supreme Court. The CPI (M) heartily congratulates the workers of Delhi for this victory. 

New Delhi, Oct 30 (PTI) Air India is looking to raise USD 819 million (over Rs 5,800 crore) to refinance existing bridge loans availed for six Boeing 787 and one Boeing 777 aircraft.

The national carrier is yet to have long term financing facility for six B787 and B777-300ER, according to a tender document.

Bids have been invited from banks, financial institutions for refinancing existing bridge loan facility worth USD 819 million.

At current exchange rate, the amount will be more than Rs 5,800 crore.

Kanpur: This city's JAJMAU is still famous for the leather business despite all the ups and downs. There is a simple tendency among the business community who never ever appears satisfied with the pace of their business. This propensity is not even denied by the young businessmen of the area.

Delhi; 31 Oct 2019 (UMM): According to a new Government of India scheme, a fine will be imposed on gold above a fixed quantity without proper purchase receipts.

Though the details of the scheme are yet to be revealed, government claims that the scheme is to prevent black money in gold investment.