Ahead of the meeting between Prime Minister Narendra Modi and President Barack Obama, Secretary of State John Kerry Tuesday said the destinies of US and India were "converging" and they will work to find ways to play to their strengths.
Confident about India sailing through global turmoils without much adverse impact, Finance Minister Arun Jaitley has said the government is focussing on strengthening the country's real economy and harnessing its true growth potential of 8-9 percent.
On his maiden State Visit to the US aimed at allaying concerns over faltering Chinese economy, President Xi Jinping on Tuesday left for America, coinciding with that of Prime Minister Narendra Modi's trip during which the two Asian leaders will vie for investments and influence in their contrasting styles.
Government will not extend the deadline for income tax assesses to disclose unaccounted foreign assets abroad beyond September 30, which is the expiry date of the three-month compliance window to avoid punitive action, a senior tax official said Tuesday.
The Union Cabinet on Tuesday extended the time limit of the "control order" for pulses, edible oils and oilseeds by another year till September 30, 2016, to enable the state governments to take appropriate measures for their availability.
Shobhana Bhartia, Chairperson and Editorial Director of the Hindustan Times Group and Indra Nooyi, CEO and Chairman of PepsiCo were felicitated here at the 40th leadership U.S.-India Business Council (USIBC) Summit for their `commitment towards building a more inclusive global economy`.
Notwithstanding a financial crisis being experienced by major economies like China, India "stands out" as a "shining star" in the global economy and is sustaining a certain momentum despite challenges, Commerce and Industry Minister Nirmala Sitharaman said Monday.
Petroleum and Natural Gas Minister Dharmendra Pradhan Monday said the government will open the bids for 69 marginal oil and gas fields from late November or early December and expressed confidence of getting good response from across the globe.
Wooing foreign investors with the promise of easier conditions for doing business, Finance Minister Arun Jaitley Monday said continuing reforms will push India's economic growth higher than last year's 7.3 percent despite adverse global winds.