India Inc seeks Rs 1 lakh crore from FM Nirmala Sitharaman : Bulletin: Business Today
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India Inc seeks Rs 1 lakh crore from FM Nirmala Sitharaman

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August 9, 2019

India Inc seeks Rs 1 lakh crore in meet with FM Sitharaman to revive growth

India Inc on Thursday demanded a stimulus package of over Rs 1 lakh crore to kick-start investment cycle and revive the economy which is showing signs of a slowdown. Industry leaders also said that the government has assured them to take action soon to boost the economic growth. In a meeting with top industry leaders, called by Finance Minister Nirmala Sitharaman to discuss ways to revive the growth, Assocham President B K Goenka said that amid the current slowdown in global and domestic market, there is a need to have quick-fix solutions.

CCD crisis: Ernst & Young to investigate VG Siddhartha's last letter

After a meeting that lasted over six hours, the board of Coffee Day Enterprises (CDEL) in a filing to the stock exchanges informed that the company had appointed Ernst and Young LLP (EY) to investigate into the circumstances that led to the statements made in the purported letter of its former Chairman, late VG Siddhartha dated 27 July 2019. EY will also scrutinise the books of accounts of CDEL and its subsidiaries.

Apple offers researchers nearly Rs 7.07 crore to detect flaws in iPhones

Apple Inc (AAPL.O) is offering cyber security researchers up to $1 million (Rs 7,04,77,200) to detect flaws in iPhones, the largest reward offered by a company to defend against hackers, at a time of rising concern about governments breaking into the mobile devices of dissidents, journalists and human rights advocates. Unlike other technology providers, Apple previously offered rewards only to invited researchers who tried to find flaws in its phones and cloud backups.

No policy change on Kashmir; India, Pakistan must maintain calm, says US

The United States on Friday said that there is no change in its policy on Kashmir and called on India and Pakistan to maintain calm and restraint. "No", replied State Department Spokesperson Morgan Ortagus when asked by reporters if there has been any change in America's policy on Kashmir.

Article 370 was a hurdle for development of Jammu & Kashmir, says PM

Prime Minister Narendra Modi addressed on Thursday for the first time after abrogation of Article 370 in Jammu and Kashmir. During his address, the PM blamed Article 370, which provided special status to Jammu and Kashmir, for slowing down the pace of developmemnt in the region. During his speech, the Prime Minister reiterated his government's stance that J&K will not remain a union territory forever, and will be reinstated to statehood once situation return to normal. He said that the people of J&K will soon be able to elect their representatives, like before.

Economically-ruined Pakistan's decision to suspend trade makes no dent on India

Pakistan's decision to downgrade bilateral trade and diplomatic ties with India in response to the revocation of Article 370 in Jammu and Kashmir makes no dent on the Indian economy. Instead, it's going to hurt Pakistan's crumbling economy. The reason is simple - Pakistan is way down in the list of India's trade partners: 48th to be precise. Of the total exports of $330.08 billion in 2018-19, India's trade with Pakistan accounted for just 0.6 per cent.
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