Business

Washington, Jul 16 (PTI) Seeking to strengthen America's ties with Quad nations -- India, Australia and Japan and countries in Southeast Asia, a key US Congressional committee has passed a legislation aimed at addressing the challenges posed by China.

The House Foreign Affairs Committee passed the Ensuring American Global Leadership and Engagement or EAGLE Act at its meeting here on Thursday.

Nanded (Maha), Jul 15 (PTI) Thanks to price hikes, liquor has become cheaper than petrol and diesel in the country, Congress leader and Maharashtra PWD minister Ashok Chavan said here on Thursday.

The former chief minister led a protest march against rising prices from Old Mondha area to the district collector's office.

Jammu, Jul 15 (PTI) Lashing out at the Centre for the "unprecedented" price hike of essential commodities, the Congress on Thursday said BJP leaders who used to protest on every fraction of price rise while in opposition are mute spectators in the government now as ministers.

Mumbai, Jul 16 (PTI) The country's economy will start witnessing a growth of 6.5 to 7 per cent from fiscal 2023 onwards, helped by various reforms undertaken by the government so far and also as COVID-19 vaccination drive progresses, Chief Economic Advisor Krishnamurthy Subramanian said.

He said the second wave of COVID-19 is unlikely to have a very significant on the economy.

The country's economy contracted by 7.3 per cent in fiscal 2020-21.

Kanpur: How can the rate of medicines remain untouched before the increase in petrol, diesel and LPG?

All those medicines that were much in demand during the high wave of coronavirus have got new rates under the fresh batch number.

According to the traders, the rate pattern shows an increase from ten to thirty per cent. Medicines are also dearer due to their separate batch and division.

15 July 2021; MEMO: Turkey and Israel have agreed to work towards improving their strained relations after a rare phone call between their presidents, a spokesman for Turkey's ruling AK Party said on Wednesday, Reuters reports.

15 July 2021; MEMO: The US announced on Wednesday that it would allow Iran to use frozen funds to pay off its debts to South Korea and Japan.

The move comes in light of the ongoing talks to save the 2015 international nuclear agreement, which has lifted long-imposed US sanctions on Tehran.

15 July 2021; MEMO: Former UK Chancellor Philip Hammond has taken up a job with Saudi Arabia's finance minister, sparking concerns over the level of access and influence the Gulf kingdom will have on Britain.

15 July 2021; MEMO: The Saudi Coast Guard has turned away three Egyptian tourist boats near the Red Sea islands of Tiran and Sanafir, which President Abdel Fattah Al-Sisi previously transferred to Saudi control amid outrage by opponents in 2016, Lebanese newspaper Al-Akhbar reported.

Mumbai, Jul 14 (PTI) In a major supervisory action, the Reserve Bank on Wednesday indefinitely barred the US-based Mastercard from issuing new credit, debit and prepaid cards with effect from July 22 for its failure to comply with data storage norms.

Mastercard, a major card issuing entity in the country, is the third company to have been barred by RBI from acquiring new customers after American Express Banking Corp and Diners Club International over data storage issue.