The World Bank signed a $500 million loan agreement with India

The World Bank signed a $500 million loan agreement with India

The World Bank said on Tuesday it has signed a $500 million loan agreement with India to improve financial access for the country’s small-scale business enterprises in the manufacturing and services domain. “Lack of adequate finance is one of the biggest challenges facing the MSME (Micro, Small and Medium Enterprises) sector. Financial institutions have limited […]

India-US partnership in a new ‘strategic plus’ phase: Richard Verma

India-US partnership in a new ‘strategic plus’ phase: Richard Verma

Asserting that India-US strategic partnership has moved into a new “strategic plus” phase, US Ambassador to India, Richard Verma, says the two countries are focused on finding creative, realistic ways to move forward. “I believe we are witnessing a transformative time in US-India relations,” he told a Washington think tank on Friday outlining how President […]

SC notice to Centre, Essar on bureaucrat-corporate nexus

SC notice to Centre, Essar on bureaucrat-corporate nexus

The Supreme Court on Monday issued notice to the central government, the CBI and Essar on a PIL seeking a court-monitored probe into the politician-bureaucrat-corporate nexus exposed in email leaks that showed a company allegedly granted gifts and favours to ministers and bureaucrats for promoting its business. A bench of Justice T.S. Thakur, Justice Kurian […]

Nuclear deal within reach: Iranian president

Nuclear deal within reach: Iranian president

Tehran, March 21  A nuclear deal with the world powers on Iran’s nuclear programme is within reach and achievable, Iranian President Hassan Rouhani said on Saturday. Rouhani said negotiators from both sides have found new common ground in recent days, state run news agency IRNA reported. His comments came as diplomats from the P5+1 group […]

No black money amnesty for 1,200 account holders in HSBC Geneva

No black money amnesty for 1,200 account holders in HSBC Geneva

New Delhi, March 21  The 1,200 Indians who allegedly have accounts in HSBC Bank’s Geneva account and against some of whom a probe was initiated by tax authorities can’t get amnesty under the new law that the government proposes to get back ill-gotten money stashed abroad. The so-called amnesty scheme is detailed in the chapter […]

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