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Category: Business and Economy

India hikes customs duty on several goods imported from the US

India has hit back at US President Donald Trump’s protectionist policies, hiking customs duty on 29 products, including farm products, steel, and iron, which are imported from America. This retaliatory action is in response to the US move to raise tariffs on steel and aluminum products earlier this year, which had a tariff impact of $241 million on India

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Amazon CEO became the Richest Person in the World

Amazon founder and CEO Jeff Bezos, the wealthiest person in the world, is richer than he has ever been before. The tech titan’s net worth has grown over $5 billion and now totals $141.9 billion, according to the Forbes World’s Billionaires list. That makes Bezos worth roughly $49 billion more than Bill Gates and about $60 billion more than Warren Buffett.

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SoftBank to invest up to USD 100 billion in Indian solar

SoftBank Group has decided to invest $60 billion-$100 billion in a solar power project in India. SoftBank and the Indian government are expected to make an announcement soon after final arrangements and made. The company is expected to make the investment through a fund backed by Saudi Arabia’s government. SoftBank was not immediately available for comment. SoftBank said in March its Vision Fund would invest in creating the world’s biggest solar power project in Saudi Arabia

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4th Governing Council Meeting of NITI Aayog held In Delhi

The fourth meeting of the Governing Council of NITI Aayog was held in New Delhi. It was attended by 23 Chief Ministers and the Lieutenant Governor of Andaman & Nicobar Islands, apart from Union Ministers, who are ex-officio members and special invitees. The PM highlighted the importance of the Governing Council of NITI Aayog as a platform to inspire cooperative federalism, stressing the need for effective center-state cooperation to advance development outcomes and achieve double-digit growth for India

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India And Nepal To Have Four New Air Gateways

India And Nepal To Have Four New Air Gateways. India has agreed to open four new air entry points to Nepal in the eastern and western parts of the country. This aims at facilitating movement of international traffic. The four routes that India agreed to make two-way are Kathmandu-Biratnagar-Dhaka, Kathmandu-Janakpur-Kolkata Kathmandu-Janakpur-Patna in the eastern part of Nepal and Kathmandu-Mahendranagar-Delhi in the west

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June 2018
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