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Nagaonkar said the ministry should have gone to Piyush Goyal, a chartered accountant who had stepped into the role twice in the previous government when Jaitley was out sick. Goyal will now be minister of railways and commerce, at a time when trade ties with the United States are straining. … [Read more...] about Torrent of bad news hits Sitharaman on first day as India finance minister

SINGAPORE: Singapore has been an "important" partner in the advancement of India's Act East policy and the country in many ways has shaped New Delhi's engagement with South East Asia, India's new envoy said here. "Singapore in many ways has led or shaped India's engagement with South east Asia, and beyond so it has been an important partner in the advancement of India's Act East policy," India's High Commissioner to Singapore Jawed Ashraf told tabla! a Singapore Friday weekly. Ashraf feels Singapore's extraordinary success is a source of inspiration to everyone. India also sees Singapore and the Association of South East Asian Nations (ASEAN) as important partners in building a peaceful, stable and increasingly integrated region, which can continue to anchor prosperity across Asia and the Pacific. The need for such shared pursuit has become even more urgent and important in these times of many challenges and uncertainties, stressed Ashraf. However, he added that a good … [Read more...] about Singapore important partner in India’s Act East policy: Indian envoy Jawed Ashraf

PITHORAGARH: Local people have decided not to take part in border trade with China through Lipulekh pass in Uttarakhand this year, citing the coronavirus threat. They conveyed their unwillingness to participate in the annual exercise during a preparatory meeting convened by the administration on Wednesday, Dharchula sub divisional magistrate A K Shukla said. "Indian traders have decided not to do trade with China through Lipulekh pass this year as a precaution against COVID-19," Shukla said. Officials said there has been no word so far from the Centre as well on border trade as the lockdown against coronavirus continues. "As China happens to be the epicentre of the deadly virus, we should exercise caution and not enter that country," said Vishan Garbiyal, patron of Bharat-Chin Vyapar Sangathan, which represents tribal traders. India-China border trade through Lipulekh pass, located at a height of 17,000 feet in Pithoragarh district's Chand valley, resumed in 1992 after remaining … [Read more...] about Indians to skip border trade with China through Lipulekh pass this year

BENGALURU: India’s cash rich IT services companies are eyeing captive technology centres of global corporations, as they gear up to provide IT and back-office services at lower costs and offset a demand slowdown from the US and European markets in the wake of the Covid-19 pandemic. In the last three years, many global firms have either expanded their global in-house centres or set up new ones in India, looking to own the digital and analytics-based tech operations within the company as it became strategic. The global economic slowdown has, however, made some of these companies shed costs and outsource work to large services companies. India has nearly 1,300 captives across cities and they together employ nearly one-fourth of the 4.3 million workers in the $191-billion IT-Business Process Management sector. “We have seen a 50% jump in captive search. Our records show that searches have gone up in March and April. Enterprises are searching for captive monetisation, those … [Read more...] about Indian IT companies look at captive data centre to fuel growth and revival

Besides Gupta, the grim list of Indian heritage doctors and nurses dying during the pandemic include Jitendra Kumar Rathod, Manjeet Singh Riyat, Krishan Arora, Rajesh Kalraiya, Pooja Sharma, Jayesh Patel, Vivek Sharma, Kamlesh Kumar Masson, Amarante Dias, Sophie Fagan, Hamza Pacheeri and Amrik Bamotra. … [Read more...] about Indian-origin doctor in UK, working during Covid-19 pandemic, found dead in hotel