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Chef Ho Chi Ming doesn’t want to forget his roots. “I want to travel around, telling people what Calcutta Chinese food is all about,” says the third-generation cook in the family.

NEW DELHI : The government introduced a tax provision last year to prod large corporations into paying their micro and small enterprise vendors in time, only to hear concerns that it could backfire on the intended beneficiaries. It’s now looking to modify how large companies are taxed for delayed payments so that they do not decide to sidestep smaller vendors altogether to avoid the stringent tax treatment, said two officials aware of discussions in the government.

Shares of Stanley Lifestyles listed at ₹494.95, a premium of 34.13% over its issue price of ₹369, on Friday. The stock recorded a high of ₹509.4 and closed at ₹479. The IPO consisted of a fresh issue of ₹200 crore and an offer for sale of 91.3 lakh shares aggregating to ₹337 crore on the upper price band. The offer was subscribed 96.98 times on its final day of bidding on June 25.

Manipur Chief Minister N Biren Singh stated that some MLAs have gone to meet central leaders to effectively address Manipur's issues, not to seek his resignation. A meeting of MLAs was held on Thursday where it was decided to submit a memorandum for lasting peace in Manipur and to make a courtesy call for the victory of the NDA in the general election. Singh mentioned that a small committee would meet central leaders. The memorandum was signed by around 34 to 35 NDA MLAs. He highlighted that it was decided to seek appointments with the Prime Minister and Union Home Minister after the parliamentary session. «They MLAs have entrusted me for getting the appointment,» he said. Biren Singh clarified, «Some MLAs have gone for people are seeking solution and peace. This is rumours promoted by vested interest groups that they have gone to seek my resignation. It is wrong.» He further explained that at the meeting, MLAs expressed their appreciation for Prime Minister Narendra Modi and Union Home Minister Amit Shah for their resolve to solve the Manipur issue. «Shah has even started holding meetings with different agencies,» Singh stated.

Gujarat state’s GIFT City model in Karnataka. “I wish to put forward a request for your support and assistance in establishing a central business district hosting a global financial and IT hub, similar to the Gujarat International Finance Tec-City (GIFT City) project of Gujarat, in Karnataka,” Kharge said in a formal letter addressing the FM on Tuesday.

Delhi and the National Capital Region experienced continuous rainfall accompanied by thunderstorms and lightning on Friday. The heavy rain led to traffic snarls and roadblocks. An under-construction wall collapsed in the Vasant Vihar area entrapping a few workers underneath, ANI reported.

Part of a departure terminal canopy at New Delhi’s main airport has collapsed as monsoon rains lashed the Indian capital, killing one person and injuring six others

NEW DELHI : As India's insurance regulator seeks to insure every citizen by 2047, the life insurance industry wants the government to add more incentives to increase penetration in the Union Budget 2024-25. The industry believes that the incentives would not only make insurance affordable, but would also facilitate long-term funds for investing in key areas of the economy. “India’s infrastructure sector is poised for a significant growth and requires a huge investment to support that growth.

NEW DELHI : The nearly three-month-long election process slowed down the construction of highways in the first two months of fiscal year 2024-25 despite the Centre front-loading capital expenditure, showed data from the ministry of road transport and highways (MoRTH). The highway construction fell by12% to 1,288 kilometres in April-May from 1,465km in the year-ago period, showed the data. Besides, the government awarded only one 4km road project during the two months, compared to road projects of 382 km a year ago “due to the imposition of the Model Code of Conduct", the road ministry said in an office memorandum on Friday.

NEW DELHI : Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Despite arriving early, the annual monsoon rains have been deficient in June so far, while the government has imposed stock limit on wheat to control price rise. The Adani Group is planning to nearly double its capital expenditure in 2024-25.

NEW DELHI:The upcoming budget for 2024-25 will unveil major economic reforms and present a roadmap for Viksit Bharat, the government’s push to propel India towards ‘developed nation’ status by 2047, President Droupadi Murmu said addressing the joint session of Parliament on Thursday.“Along with significant economic and social decisions, this budget will include many historic steps as the government prepares to present its first budget in the forthcoming session. It will be an effective document outlining the government’s far-reaching policies and futuristic vision," Murmu said.Union finance minister is expected to present the budget for financial year 2024-25 next month.Murmu said reforms in infrastructure development, manufacturing and industrial policy, digital economy, green energy transition, agriculture, healthcare, and financial sectors have helped strengthen India’s economy.Also read |Unemployment and inflation call for revising budget priorities“In a decade, India has risen from the 11th to the 5th largest economy," Murmu said.

U.S. State Department's 2023 religious freedom report on India noted violent attacks on minority groups, especially Muslims and Christians, including killings, assaults and vandalism of houses of worship. The report on international religious freedom released on Wednesday said that in 2023, senior U.S. officials continued to «raise concerns about religious freedom issues» with their Indian counterparts. Human rights experts say India has seen a rise in attacks on minorities under Prime Minister Narendra Modi, who recently won a third term, and his Hindu nationalist Bharatiya Janata Party (BJP).

NEW DELHI : The Union budget in July is likely to restore the concessional 15% corporate tax rate for new manufacturing facilities, a scheme introduced in 2019 that expired on 31 March this year, two persons aware of the matter said. The plan now is to extend this scheme by one to two years to facilitate fresh manufacturing investment, which is a priority for the National Democratic Alliance (NDA) government, one of the two persons cited above said on condition of anonymity. The Centre wants to give a strong thrust to the manufacturing sector as it could generate well-paid employment to a large number of people currently engaged in low-paid farm activities.

China on Wednesday spoke of President Mohamed Muizzu's recent visit to New Delhi and the importance of India to his country's tourism-dependent economy. The comments by Minister of Economic Development and Trade Mohamed Saeed came as Male seems to have re-oriented ties with New Delhi following President Muizzu, known for his pro-China leanings, attending Prime Minister Narendra Modi's swearing-in ceremony earlier this month. «President Muizzu reiterated that India remains our closest neighbour,» Saeed, who is attending the 15th World Economic Forum (WEF) at Dalian, told CNBC International TV in an interview.

NEW DELHI : For the first time, India has achieved a higher ethanol production from grains, especially maize, than sugar-based feedstock, on the back of a government cap on the diversion of sugar for producing the biofuel. The share of grain-based ethanol stands at nearly 51% so far in the current ethanol-supply year (November 2023-October 2024), said two officials with access to data. Till 9 June, 357.12 crore litres of ethanol have been produced—175.74 crore litres from sugar-based feedstock—sugarcane juice, B-heavy molasses and C-heavy molasses—and 181.38 crore litres from grain-based feedstock—damaged foodgrains, surplus rice and maize available with Food Corp.

NEW DELHI : Jayanth R. Varma joined the Reserve Bank of India’s (RBI's) monetary policy committee (MPC) in October 2020, and in his very first meeting, he dissented. Ashima Goyal, who was appointed at the same time, has since emerged as the only other dissenting voice, albeit not as often as Varma, who was a hawk initially, but turned dovish in the middle of 2022.

visit Russia in July. However, he refused to comment on the development until the visit was publicly confirmed by the two governments. Asked about the US reaction as PM Modi is expected to visit Russia to meet Russian President Vladimir Putin next month, Miller responded, «So we've seen those reports. I haven't seen a visit publicly confirmed by either of the countries. So, I think I'll wait to decline comment until I see them publicly actually confirmed by the governments in question.» His remarks came after reports claimed that India and Russia are making arrangements for an upcoming visit by PM Modi to Russia. Russian Foreign Policy Adviser Yuri Ushakov confirmed the development, Russia-based RIA Novosti reported.

? The amount die-hard fans are willing to shelve to catch Telugu superstar Prabhas may make you dumbfounded. According to a News18 report, fans are willing to shelve as high as Rs 2300 to bag a ticket for ‘Kalki 2898 AD’. What makes this news even more astounding is that these are not fans from regions such as Telangana and Andhra Pradesh, which are considered the mainstay of Telugu stars, but Mumbai! Yes, you read that right! The most expensive ticket for the upcoming epic sci-fi fantasy is being sold in Mumbai.

Pre-Budget Consultation with experts from the employment and skill development sectors to take suggestions for the forthcoming General Budget 2024-25, in New Delhi, on Tuesday. Leading names in the sector of skilling and employment such as Anshuman Magazine, Suchita Dutta, Sarvesh Agrawal, and Gayatri Vasudevan were present in the meeting. After the meeting, Anshuman Magazine, former Chairman of CII Northern Region and CEO-India, South East Asia, Middle East and Africa, Global Commercial Real Estate Services, said that the experts conveyed the need for skilled people. He said, «Basically the discussion was centered on skilling and employment generation. People from different sectors tabled their suggestions during the meeting. Considering the huge number of graduates coming out from the colleges, the experts suggested how can we make them job ready.»

NEW DELHI : The underwhelming performance of local-language children’s films such as Chhota Bheem and the Curse of Damyaan underscores, once again, the struggles of an underserved genre in India. Trade experts say Indian children, who now have access to Hollywood franchises like the Avengers, no longer fancy substandard fare. The genre, which saw successes such as Chota Chetan, Koi..Mil Gaya and Taare Zameen Par in the 1990s and 2000s, doesn’t command immediate draw as most Indian children watch mainstream films that parents deem appropriate for the entire family.

Mumbai/New Delhi: Millions of students vying for coveted colleges and courses makes India's vast education sector a prime target for cybercrime, experts said, at a time authorities have pointed to leaked question papers appearing in the so-called dark net. Besides, data of innumerable students may also be vulnerable to unauthorized access and misuse. Amid widespread student protests over the past two weeks, the government has raced to withdraw grace marks in the pre-medical entrance exam for MBBS and related courses, cancelled an exam for junior research fellowships at universities, and postponed another exam to admit students to post-graduate medical courses.