New Delhi: Finance Minister Arun Jaitley on Friday said the fiscal deficit target of 4.1 percent of GDP for the current fiscal is a "daunting" task and announced the subsidy bill will be reduced progressively.
"As far as the fiscal deficit is concerned, I have already said that it is a daunting challenge.
"I have accepted the figures and I moved on the presumption that the figures given in the Vote-on-Account of the Interim Budget by my predecessor (P Chidambaram) are correct. Therefore, I have maintained those figures in the larger interest of the economy," he said in Lok Sabha.
Glasgow: Indian medal aspirants P V Sindhu and Parupalli Kashyap notched up straight-game wins in the women`s and men`s singles event to storm into the semifinals of the badminton competition at the 20th Commonwealth Games here on Friday.
World No. 11 Sindhu didn`t break any sweat as she brushed aside New Zealand`s Anna Rankin 21-10 21-9 in a 24-minute match while Kashyap, ranked 22, thrashed Daren Liew 21-13 21-14 in a match that lasted 38 minutes.
Sindhu, the world championship bronze medallist, will next take on Canada`s Michelle Li, while Delhi Games bronze winner Kashyap will meet Rajiv Ouseph of England at the Emirates Arena.
New Delhi: Internet giant Google is the most attractive employer for graduates from the Asia-Pacific region in a list of top companies which figures no Indian firm.
According to global employer branding firm Universum's 2014 Most Attractive Employers in Asia Pacific Ranking, Google has emerged as the most desirable employer among business, as well as engineering and IT students in the APAC region.
Google is followed by Deloitte, Citi, Apple and P&G in the top-five firms for business students. Among engineering and IT students, Google is followed by Apple, Microsoft, Samsung and BMW.
Mumbai: Continuing with the rising trend for the eight consecutive week, the country's foreign exchange kitty surged USD 2.714 billion to USD 320.564 billion on a healthy increase in the core currency assets.
With this jump, the total reserves are shy of the all time high of USD 321 billion achieved in late 2011.
The overall reserves had USD 813.2 million to USD 317.85 billion in the previous reporting week.
Foreign currency assets (FCAs), a major constituent of the overall reserves, rose USD 2.73 billion to USD 293.78 billion for the week ended July 25, 2014, the Reserve Bank said in its weekly statement here Friday.
Mumbai: Weakness in global stock markets and a strong US currency pulled down the rupee by a whopping 63 paise to end at over four-month low of 61.18, logging its worst weekly loss since January 24.
Importers and some banks bought dollars and short-sellers covered their positions on hopes of further hike in the dollar value after US Fed recently trimmed its monthly economic stimulus by USD 10 billion. The dollar too gained against most peers as the American economy grows stronger.
Colombo, Aug 1 : The Sri Lankan Defence Ministry on Friday tendered an unqualified apology to Indian Prime Minister Narendra Modi and Tamil Nadu Chief Minister J. Jayalalithaa over a negative article that appeared on its web site.
The article criticised Jayalalithaa for writing frequently to Prime Minister Modi on issues related to Sri Lanka and the fishermen's issue.
New Delhi: Gold prices inched up by Rs 5 to Rs 28,250 per ten gram in the national capital Friday on scattered buying by retailers amid recovery in global prices.
Silver, however, met with resistance and shed Rs 50 to Rs 44,850 per kg.
Traders said apart from buying by retailers for the coming festive season, a better trend in the global market mainly led to rise in gold prices.
Globally, gold traded 0.20 percent higher at USD 1,284.91 an ounce in London.
In Delhi, gold of 99.9 and 99.5 percent purity traded marginally higher by Rs 5 each to Rs 28,250 and Rs 28,050 per ten gram respectively. It had gained Rs 45 yesterday.
Mumbai: Union Bank of India today reported 18.5 percent increase in net profit at Rs 664.11 crore for the first quarter ended June 2014.
The state-owned bank had a net profit of Rs 560.22 crore during the corresponding period of the previous fiscal.
Total income of the bank rose to Rs 8,547.56 crore as against Rs 7,613.53 crore in the same quarter a year ago, Union Bank of India said in a statement.
Net interest income increased by 10.8 percent to Rs 2,117 crore against Rs 1,910 crore in the first quarter of the previous fiscal.
Mumbai: Reserve Bank Governor Raghuram Rajan is most likely to hold the key rates at the upcoming review of the monetary policy on Tuesday, where factors like liquidity management measures are the ones to watch out for, brokerages said on Friday.
"RBI to leave rates unchanged despite easing inflation... in no hurry to ease rates," Singaporean brokerage DBS said in a note.
London, Aug 1 : Emma Watson recently took to Twitter to share her 'laughing' picture, as part of the recent protest by Turkish women.
The 24-year-old British beauty sided with the ladies who started the ' laughing protest' in defiance of a Turkish deputy prime minister Bulent Arinc, who in a speech for Eid al-Fitr said that women should be "chaste" and "should not laugh in public", the Guardian reported.
Following the comment, thousands of women posted picture s of themselves where they're 'laughing out loud', in order to highlight their rights in the country.
Bangalore: Vishal Sikka, the first non- founder and outsider to lead Infosys, on Friday said the country's second largest software services firm will focus on intellectual property, products and platforms in an effort to revive the lost glory of the once IT bellwether.
The former Board member of German software giant SAP, who took over as Infosys CEO today from S D Shibulal, will also work with start ups to drive scale and business for the Bangalore-headquartered firm.
In a letter to Infosys employees, Sikka said the task before the company now was to lay out the way forward.
London, Aug 1 : Animal rights charity PETA has criticized Kim Kardashian after the beauty shared a video of her taking a swim with dolphins.
PETA's UK Associate Director, Mimi Bekhechi, said that the 33-year-old reality star's hobby was "cruel" since she could leave the pool, but the Dolphins couldn't, the Mirror reported.
She added that people don't know that it affects the psychological and physiological needs of dolphins, which aren't met in these swim-with-dolphin parks or excursions.
London, Aug 1 : Katy Perry admitted that despite being successful and popular, she still has self-confidence issues.
The 29-year-old 'Roar' singer said that she was still a "young female" with body issues who felt conscious and doubtful of her make-up looks, the Daily Express reported.
The beauty, who is on her Prism tour, added that she has had good and bad days, and though her life might look pleasant, she was like any other human being who felt pain. (ANI)
Washington, Aug 1 : A new study has revealed that cosmetic eyelid surgery technique can help cure migraine.
A team of plastic and reconstructive surgeons have reported a high success rate using a method to screen and select patients for a specific surgical migraine treatment technique and that more than 90 percent of the patients who underwent this surgery to decompress the nerves that trigger migraines experienced relief and also got a bonus cosmetic eyelid surgery.
London: Reality TV star Kendall Jenner reportedly wants to win her rumoured former boyfriend Harry Styles back.
18-year-old Jenner, who broke up with the `One Direction` singer three months after she started dating last November, feels he is the right one for her and she should get back with him, reportedly.
"The few times Kendall`s seen Hazza (Harry Styles) since their split have made her all the more desperate to get her claws into him again. She believes he`s `the one` and has been telling all her friends they are meant to be together," a source said.
New Delhi: Country's largest two-wheeler maker Hero MotoCorp on Friday reported a 8.67 percent increase in its total sales at 5,29,862 units in July 2014.
It had sold 4,87,545 units in the same month last year, Hero MotoCorp said in a statement.
During July, Hero MotoCorp become the first Indian two-wheeler maker to have a manufacturing facility in Latin America, where it has set up its wholly-owned subsidiary in Colombia 'HMCL Colombia SAS'.
"All the recent launches by the company, including the new Xtreme, Karizma and ZMR are driving volumes across market," Hero MotoCorp said.
New Delhi: Toyota Kirloskar Motor on Friday reported a 4.30 percent decline in total sales at 13,847 units in July 2014.
The company had sold 14,470 units in the corresponding month of previous year, Toyota Kirloskar Motor (TKM) said in a statement.
In the domestic market, TKM sold 11,921 units in July 2014, up 3.52 percent as compared to 11,515 units in July 2013.
During the month, the company exported 1,926 units of Etios.
New Delhi: `Yeh Jawani Hai Deewani` actress Evelyn Sharma says she is turning down offers of item numbers and glamorous roles as she wants to do performance-oriented films in Bollywood.
Evelyn, who is famous for her glamorous avatars in films like `Yaariyan` and `Main Tera Hero` now wants to impress the audience with her acting skills.
"I have been getting offers of sexy roles and item numbers, but now I want to explore my acting and do characters which require me to perform.
New Delhi, Aug 1 : Prime Minister Narendra Modi met U. S Secretary of State John Kerry at 7 Race Course Road here today.
The two of them reportedly discussed bilateral as well as global issues of mutual interest to the countries.
This visit is also significant as it will create the ground for Modi's visit to the US in September this year.
Kerry is on a three day visit to India.
New Delhi, Aug 1 - The Confederation of Indian Industry (CII) has welcomed the Cabinet nod for Labour Law Reforms in a few important acts as reported in the media today.
"The quick action has demonstrated the Government's strong commitment towards pushing key labour reforms to encourage economic growth and generate employment opportunities in the country," said. Chandrajit Banerjee, Director General, CII.