India

New Delhi, May 20: The Centre on Tuesday unveiled a draft gold monetisation scheme that provides flexible interest rate and possible exemption from income, wealth and capital gains taxes in order to unlock the value of this dormant asset held by households. The Finance Ministry has sought comments from stakeholders by June 2. The key objective of the scheme, announced in the 2015-16 Budget, is to

New Delhi, May 19: Dehi lieutenant governor Najeeb Jung met the President on Monday, hours before chief minister Arvind Kejriwal was scheduled to meet Pranab Mukherjee, as the tussle for the reins of the Capital reached the doors of Rashtrapati Bhavan. The city's top two authorities have been embroiled in a hostile confrontation over the past few days over the appointment of senior bureaucrats

Seoul, May 19: Prime Minister Narendra Modi said on Tuesday that India "is the new bright spot of hope" for the region and the world and that the country's progress will help make the Asian dream "a bigger reality". Addressing the Asian Leadership Forum, which was also attended by South Korean President Park Geun-hye, UN Secretary General Ban Ki-moon and Sheikha Mozah of the Qatar royal family

New Delhi, May 18: The Delhi government on Monday conveyed to Lt. Governor Najeeb Jung that the letter he wrote was against the provisions of the Constitution and thus the government cannot pay heed to it. Instead, it will write to the prime minister over it. In a letter to Jung, the Aam Aadmi Party government sought Prime Minster Narendra Modi's intervention's in the tussle between the two over

New Delhi, May 18: Indian mobile-phone sales have dropped for the first time in 20 years, raising the question: Is a slowdown at hand for the world's fastest-growing smartphone market? Mobile sales dropped 14.5 percent the first quarter (Q1, January-March) 2015, on a quarter-to-quarter basis, compared to Q4 (October-December) 2014 -- from 62 million handsets in Q4 2014 to 53 million handsets in Q1

Seoul, May 18: Prime Minister Narendra Modi arrived here today on the last leg of his three-nation visit during which he will hold talks with the South Korean leadership aiming to give a fillip to economic and trade cooperation. A slew of agreements are expected to be signed during the visit including one on Double Taxation Avoidance Convention, cooperation in shipping and logistics, audiovisual

New Delhi, May 17: The war of words over appointment of Delhi's Acting Chief Secretary today continued with Minister of State for Home Kiren Rijiju accusing the AAP government of indulging in character assassination of a lady IAS officer from the Northeast and "disobeying" the Constitution. Accusing the AAP of insulting the people of Delhi, the Minister said the officer's appointment was made by

Ulan Bator, May 17: India today announced a credit line of USD 1 billion to Mongolia to expand its economic capacity and infrastructure, as they decided to upgrade their relationship from Comprehensive to "Strategic Partnership". Narendra Modi, the first Indian Prime Minister to visit Mongolia, held wide ranging talks with his counterpart Chimed Saikhanbileg here following which the two sides

Chennai, May 16: AIADMK today said that it has disbursed over Rs 7 crore as relief to families of 244 persons who died allegedly by committing suicide following Jayaalithaa's conviction in a graft case by a lower court last year. The AIADMK supremo was subsequently acquitted by the Karnataka High Court on May 11. "So far, Rs 7.32 crore has been given away to families of 244 persons who committed

Nagaur, May 16: Scores of Dalits have fled their homes in Rajasthan's Nagaur district after four people were killed by Jats, some of them run over by tractors, during a sudden flare-up of violence over a decades-old land dispute. Six women of the Meghwal Dalit community women who were seriously injured during the clashes in Dangawas village, 250 km from state capital Jaipur, on Thursday alleged