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Amazon, Toyota, Alcoa and others working to counter Trump’s tariff plans

SAN FRANCISCO/WASHINGTON Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration’s trade policies and to head off new tariffs. Companies are attempting to avoid any confrontation with U.S. President Donald Trump but want …

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Equity indices in green as government seen winning trust vote

MUMBAI The key Indian equity indices traded on a positive note on Friday afternoon riding on the Central government’s confidence of winning the trust vote in Parliament, analysts said. According to market analysts, capital goods and IT stocks witnessed healthy buying activity so far in the day. However, depreciation in …

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India faces possibility of losing to US on exports subsidies issue: Official

NEW DELHI India faces the possibility of losing in the trade disputes with the US on its challenge to export subsidies, but the government is working on schemes to make them WTO compliant, an official said here on Thursday. “We have a whole lot of challenges in World Trade Organization (WTO)… we respond strongly (but) …

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Bengal suggests alternative devolution formula to Finance Commission

KOLKATA The West Bengal government on Wednesday said it has suggested an alternative formula to the 15th Finance Commission for devolution based on locational complexities, social backwardness, continuation of revenue deficit grants and others. The panel, headed by its Chairman N.K. Singh, was on a three-day visit to the state. “In their detailed presentations on state finances, …

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GST on international air tickets wrong,breaches global agreements: IATA

NEW DELHI Global airlines’ body IATA has strongly opposed levying of GST on international air tickets, dubbing the taxation as “wrong” as it contravenes many global agreements to which India is a party. The International Air Transport Association (IATA) represents more than 280 airlines in different parts of the world. Its members include …

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India’s wholesale inflation rate rises to 5.77% in June

NEW DELHI Rise in prices of manufactured products along with that of food articles and fuel types accelerated India’s wholesale inflation rate at 5.77 per cent compared to 4.43 per cent in the previous month, official data showed on Monday. According to the Ministry of Commerce and Industry, last month’s WPI rate was also …

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All-Women J&K Bank branch inaugurated in Srinagar

SRINAGAR As a step towards women empowerment, the state’s first all-women branch of Jammu and Kashmir Bank was today inaugurated here. First Lady Usha Vohra e-inaugurated the first ‘All-Women Branch of J-K Bank’ at a function organised at the SKICC, where the chairman, J-K Bank, Parvez Ahmad, was also present, an official spokesman said. Vohra also launched special services and …

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