6 per cent in FY19 and further to 6.On India, it said: "In sum, the GDP growth forecast for FY19 is maintained at 7.While retaining India’s growth rate for current fiscal and the next, the outlook said that economic growth in China will decelerate to 6. Other key drivers of growth include an uptick in public consumption, which is typical before elections, and a recovery in exports following shortages of working capital related to GST,” the supplement said.The slowing down of the industrial output growth in May and the inching up of the retail inflation in June to 5 per cent are short-term challenges which are being pro-actively acted on by the government and the RBI, and these should not be seen in any way as hurting the signs of revival in the economy significantly, said the apex chamber.6 per cent as measures taken to strengthen the banking system bolster private investment and as benefits kick in from the goods and services tax.4 per cent in FY20. Growth in FY20 is expected to rise to 7.
The growth in India will be driven by increased public spending, higher capacity utilisation rate and uptick in private investment, said its supplement to the Asian Development Outlook.”“In the H1FY19, the growth rate is expected to benefit from a low base.3 per cent.3 per cent growth rate in FY19 and 7.“While the industrial output growth is expected to rebound in the next few months; the rise in inflation is being watched by the RBI closely, and the apex bank and the government will certainly take necessary measures to keep it at the manageable levels,” said Rashesh Shah, President, FICCI. Any further increase in oil prices poses a downside risk to growth.5 per cent in the current financial year and improve further in the coming years.New Delhi: India’s growth is expected to accelerate in FY19 to retain the title of the fastest growing major economy, indicated Asian Development Bank (ADB) and apex industry chamber FICCI on Thursday.6 per cent in FY20, the Asian Development Bank (ADB) said.Meanwhile, FICCI said that Indian growth story wholesale Truck Hydraulic Hoses continues to be intact with the GDP expected to grow around 7.9 per cent in FY18.. China’s growth rate was 6.India will grow faster than China, with 7.

India is one of the worlds fastest growing outbound travel and tourism markets, with over one million Indian tourists visiting the US since 2015 and spending over USD 10 billion to support the US travel and tourism export market, he said."Indias inclusion in the Global Entry programme further deepens US ties to the Indo-Asia-Pacific region, and allows CBP to direct security resources to where they are needed most," said the Democratic Senator. Allowing an expedited clearance for pre-approved Indian travelers will provide a big boost to the US -India 2017 Travel and Tourism Partnership," Aghi said.With its rapidly expanding economy, India has the potential to emerge as an important source of leisure and business travel, and entry into the Global Entry program will stimulate and support this growth as well as bolster the security cooperation between our two countries, said Mufi Hannemann, president and CEO of the Hawaii Lodging and Tourism Association.
The Trump administrations decision to include Indians into the Global Entry programme that expedites entry of visitors at the airports and other ports of entry further deepens the bilateral ties to the Indo-AsiaPacific region, a top American Senator has said."For a growing Indian diaspora in the US currently over three million this is a welcome move to solidify people-to-people ties as well.Global Entry is a US CBP programme which allows expedited clearance for pre-approved, low-risk travellers upon arrival in the US. According to the US Commerce Department, approximately 1.Ahead of Prime Minister Narendra Modis visit to the US in June, Hirono had led a bipartisan group of lawmakers urging the Department of Homeland Security to include India in its Global Entry programme..The letter was co-signed by Senators John Cornyn, Amy Klobuchar, Roy Blunt, Jeff Merkley, MarcAo Rubio and Bob Case."Indias entry into the Global Entry programme is a meaningful opportunity to further elevate the US-India relationship," said Mukesh Aghi, former president of USIBC. On landing at select airports, the programme members enter the US through automatic kiosks, instead of queueing up to clear the immigration by meeting an immigration officer.
India recently joined Canada, Mexico, the Netherlands, Panama, South Korea, Germany, Singapore, the United Kingdom, Colombia, brake booster Factory Switzerland, and Argentina in CBPs Global Entry and other trusted traveler programmes.2 million citizens of India visited the US in 2016 and spent USD 13 billion, making India among the top ten markets for US travel and tourism exports. "We are pleased with Senator Hironos leadership in writing a letter to the Secretary of Homeland Security in support of Indias inclusion in the Global Entry Programme," said Sherry Menor-McNamara, president and CEO of the Chamber of Commerce Hawaii.The Chamber of Commerce Hawaii, Hawaii Lodging and Tourism Association, and the US-India Business Council supported Senator Hironos effort. The action by Customs and Border Protection (CBP) to finalise Indias participation in the Global Entry programme will benefit Hawaiis visitor industry in time for the states busy summer travel season, said Senator Mazie K Hirono from Hawaii.

Prosecutors say a total of more than $2 billion was paid in bribes by companies to obtain inflated contracts from the energy company. They wanted a trophy," Cunha said at a news conference.In a 450-10 vote late Monday, the Chamber of Deputies stripped the congressional seat from Eduardo Cunha.With the loss of his congressional seat, Cunha also loses a legislator's partial immunity from prosecution.Cunha, who said the accounts belonged to a trust, was pressured into resigning as speaker in July after the accounts came to light, but he had refused to give up his post as a lawmaker. He denies any wrongdoing. Rio De Janeiro: The once powerful speaker of Congress' lower house is the latest top politician to fall before the mammoth corruption scandals that have caused widespread anger among Brazilians. In Brazil, only the country's Supreme Court can decide to charge and try federal lawmakers. since 1990 totaling more than $20 million.
Nine legislators abstained.Cunha has been a key ally of new President Michel Temer, who was Rousseff's vice president, but after the vote he criticized Temer, saying his administration did not stand by him.Although prosecutors allege Cunha received millions of dollars in bribes linked to the mammoth corruption case at state-run oil giant Petrobras, lawmakers considered only the issue of whether he had lied about having secret bank accounts in Switzerland.He blamed his removal on the impeachment of Rousseff. Cunha's power began to erode in the middle of last year after a plea bargain deal led to testimony linking him to multimillion-dollar Swiss bank accounts.In a 450-10 vote late Monday, the Chamber of Deputies stripped the congressional seat from Eduardo Cunha, who has been accused of corruption and obstruction Truck Gear Box Valves of justice. He was in his fourth term and was considered one of the most powerful men in Brazil.4 million Swiss francs ($2.Swiss prosecutors say Cunha held secret bank accounts at Julius Baer bank, with media reports putting their value in December at 2.
As speaker, Cunha was the main driver behind the impeachment process that led to the Senate trying left-leaning President Dilma Rousseff and removing her from office last month for allegedly violating fiscal rules to hide problems with the government's budget.If he had remained speaker, Cunha would have been next in line for the presidency if anything happened to Temer.S. Brazilian investigators say Cunha also has had undeclared accounts in the U.Now the corruption allegations against him will be investigated by a lower court judge seen as harsher than the top court, which was dealing with the cases until now.Prosecutors accuse Cunha of corruption and money laundering for his role in negotiating Petrobras contracts for drill ships and say he received an illegal payment of $5 million..5 million).Against a backdrop of Brazil's worst recession in decades, the Petrobras scandal has ensnared some of the country's most powerful lawmakers and business executives."This was a political process because I kicked off the impeachment proceedings.He entered politics in the 1990s as a fundraiser for President Fernando Collor de Mello, the first Brazilian leader elected after military rule ended in 1985."The current administration adopted the agenda of removing me from office," he said, adding that he planned to publish a book telling about the behind-the-scenes dealings that led to the impeachment of Rousseff.

The study pointed out that high denomination currency withdrawal is not without some inherent problems."To that extent, even our study may turn out to be ambitious if the tax authorities are not able to trace the money laundered through different accounts.Further, in order to check the menace of black money, the chamber suggested measures, which include reducing discretionary powers of officers by framing rules and laws clearly and not leaving them to individuals interpretation. A strong political will would be required to deal with this issue and bureaucrats drafting the proposed legislations should be clearly instructed not to leave any grey areas, it added.. Eliminating such flows will require further reforms like lowering stamp duty on property transactions, electronic registration of real estate etc," the Assocham study said.However, the industry body has suggested measures like lowering stamp duty on property transactions to tackle the menace. "Government must reduce the opportunity and incentives for unaccounted transactions by narrowing the gap between the market value and the one fixed by the government agencies for different levies like stamp duty etc," Rawat said.
Given the resource constraints with the tax authorities, carrying out such an exercise for identification of laundered money may be a herculean task," Assocham Secretary General D S Rawat said. White money used to purchase something becomes black if the shopkeeper does not pay sales tax," the study noted, adding that much of conspicuous consumption is paid for in unaccounted money, which, in the hand of the recipients can again become perfectly legal income.Moreover, it said, indications that most of the scrapped currency has returned to the banking system through right or wrong means do suggest that demonetisation may not even fully wipe out the existing stock of ill-gotten cash.Ultimately, the problem of undisclosed incomes and wealth supply clutch booster has to be tackled at the source, Assocham highlighted. The problem in a way starts here," the chamber said."Ironically, several of our laws are badly drafted and framed, leaving scope for official discretion.New Delhi: Demonetisation may wipe out the present stock of black money held in cash from the economy but cannot eliminate the ill-gotten wealth converted into assets such as gold and real estate, Assocham said today. "Invalidating existing high-denomination notes addresses the stock of black money but does little to address future flows. "It is very difficult to separate black money from white money because distinction is not once-and-for-all.

"Seven workers were injured in the incident and were immediately shifted to a private hospital here," he said.Police team and experts have been sent to the spot to ascertain the exact cause of the blast, he said.The accident took place last night at Bajrang Ispat located in Tilda Police Station area in Raipur when the victims were working close to a blast furnace, Raipur Superintendent of Police Sanjeev Shukla said."Two of them were said to be in a serious condition as they have sustained over 80 per cent burns," Shukla added.As per preliminary information, when the night shift workers were busy with their task, suddenly a chamber of furnace exploded following which hot liquid fell on them causing burn injuries, he said.
Soon after getting information of the incident, Raipur Collector OP Choudhary and the SP rushed to the spot along with security personnel. A case has been registered in this connection, the SP said adding that further probe was on.When the night shift workers were busy with their task, a chamber of furnace exploded following which hot liquid fell on them.. Raipur: At least seven workers suffered burn injuries, two of them grievously, following an explosion at a steel brake chamber plant in Raipur, police said on Saturday.
A case has been registered against the principal of a private school for allegedly molesting a 17-year-old girl student in Raigarh district of Chhattisgarh, police said on Thursday.The accused had allegedly touched the girl inappropriately and sought sexual favours from her at his chamber.A case has been registered in this connection, the ASP said adding further investigation was on.On Wednesday, the victims relatives approached the police and lodged a complaint, he added.He was booked under IPC Section 354 (assault or criminal force to woman with intent to outrage her modesty) and Section 8 of Protection of Children from Sexual Offences (POCSO) Act, he added. However, no action was taken by them," he said. The accused is yet to be arrested.