Moscow, Aug 9 (IANS) US President Donald Trump’s imposition of tariffs on India is both “unfair and unworkable”, especially when Europe remains the world’s largest importer of Russian energy in dollars and the biggest contributor to Russian revenues, a report in Britain’s leading newspaper has cited. “It’s not just Trump’s hypocrisy that has the Indians up in arms – it’s the unfairness of being punished for breaking no laws. Russian oil exports are not sanctioned by the EU or the US, but the…

Mumbai, Aug 9 (IANS) Indian bullion prices ended marginally higher this week amid global market cues and higher festive demand. By mid-week, gold prices saw a significant dip, with the price of 24-carat gold dropping by Rs 91, but the price inched up higher toward the weekend.Despite the short-term dip, gold continues to price in the broader impact of trade tariff uncertainty and dollar weakness, keeping the overall trend supported. Gold is expected to trade in a volatile range of Rs 99,000 to R…

New Delhi, Aug 9 (IANS) Mini and nano rural enterprises that include small businesses in sectors such as textiles, construction, services, and retail, can generate nearly 79 lakh jobs annually, a report said on Saturday.”India’s rural youth cohort is both vast and expanding, making it central to the country’s future workforce and economic progress and youth literacy has seen strong gains, reaching 97 per cent nationally among those aged 15 – 24,” said a joint report of Transform Rural India …

New Delhi, Aug 9 (IANS) The Sanchar Saathi mobile app, an initiative of the Department of Telecommunications (DoT) to report fraudulent calls and messages, has crossed 50 lakh downloads within six months of its launch, the Ministry of Communication said on Saturday. Since the app was launched in January this year, the Sanchar Saathi initiative has led to the recovery of over 5.35 lakh lost or stolen mobile handsets, the disconnection of more than 1 crore unauthorised mobile connections based on …

Mumbai, Aug 9 (IANS) The Securities Exchange Board of India has proposed easier norms for resident Indians and mutual funds to invest in foreign funds. The regulator proposed to enable retail schemes based in IFSCs in India with resident Indian non-individuals as sponsors or managers to register as FPIs.The investment limit is capped at 10 per cent of the targeted corpus, in line with IFSC rules, a release from SEBI said.The suggestion is to replace the sponsor and manager with a fund management…

New Delhi, Aug 9 (IANS) Delivering on PM Narendra Modi’s vision of ‘Minimum Government, Maximum Governance’, the Government e-Marketplace (GeM) evolved into a cornerstone of transparency, inclusivity and efficiency, said Union Commerce Minister Piyush Goyal on Saturday, hailing the successful 9 years of the digital governance initiative.”Congratulations to @GeM_India on completing 9 years as one of India’s most impactful digital governance initiatives,” Goyal wrote on his official ‘X’ account.Th…

New Delhi, Aug 9 (IANS) India has more than 22,000 e-Services under the National e-Governance Service Delivery Assessment (NeSDA) framework, the Ministry of Personnel, Public Grievances and Pensions said on Saturday.In a bid to further strengthen the public service delivery framework under the NeSDA, the Department of Administrative Reforms and Public Grievances (DARPG), under the Ministry, met with the Right to Service (RTS) Commissioners.Eight RTS Commissioners representing Chandigarh, Punjab,…

New Delhi, Aug 9 (IANS) The Income Tax Department on Saturday released the ITR-5 Excel Utility for Assessment Year 2024–25. This utility can be used by partnership firms, Limited Liability Partnerships (LLPs), and cooperative societies to file their annual returns. Associations of Persons, Bodies of Individuals, artificial juridical persons, cooperative societies, societies registered under the Societies Registration Act, local authorities, and certain business trusts and investment funds are …

Mumbai, Aug 9 (IANS) The Securities and Exchange Board of India (SEBI) has proposed a distinct alternative investment fund (AIF) scheme that would admit only “accredited investors”. Such specialised AIF schemes can benefit from “a lighter-touch regulatory framework than a regular AIF,” a release from SEBI said.Accredited investors are persons or businesses who meet SEBI-certified wealth, net worth and income criteria. For sole proprietorships, HUFs, and Family Trusts, a minimum annual income of …

New Delhi, Aug 9 (IANS) Arbitrage and multi-asset allocation funds saw the highest inflows in open-ended hybrid schemes during Q1 FY26, as investors moved to safer and diversified investment strategies, a report said on Saturday.Hybrid funds’ AUM saw a significant jump during the quarter, with arbitrage funds rising 22.2 per cent and multi-asset allocation funds up 15.4 per cent, according to a report by stockbroking platform Ventura Securities.Balanced hybrid or aggressive hybrid funds experien…