Sikkim News Today - Live Updates & Latest Sikkim News

31 Jan

Government Revises GDP Growth For 2018-19 To 6.1% From 6.8%

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The government on Friday revised the country's economic growth for financial year 2018-19 to 6.1 per cent from 6.8 per cent estimated earlier mainly due to deceleration in mining, manufacturing and farm sectors."Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at Rs 139.81 lakh crore and Rs 131.75 lakh crore, respectively, showing growth of 6.1 per cent during 2018-19 and 7.0 per cent during 2017-18," the National Statistical Office said in revised national account data released on Friday.Under the first revision released in January 2019, real GDP or GDP at constant (2011-12) prices…

31 Jan

Economic Survey Predicts Pick-Up In Growth To 6-6.5% In 2020-21: 10 Things To Know

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The government's Economic Survey 2020 pegged the gross domestic product (GDP) growth at 5 per cent in the current financial year, which it said would pick up to 6-6.5 per cent in financial year ending March 2021. That marked a sharp downward revision from the estimate of 7 per cent growth for the current financial year in last year's Economic Survey. Prepared by Chief Economic Advisor Krishnamurthy Subramanian and his team, the Economic Survey 2019-20 comes a day ahead of the presentation of the first full-year Union Budget of the Modi 2.0 administration. The government may need to relax its…

29 Jan

Divine Solitaires’ exciting solitaire offer

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Divine Solitaires is pleased to announce the launch ofits exciting solitaire jewellery exhibition at the reputed Mahabir Danwar Jewellers store inSalt Lake, Kolkata. The Buy One Get Two solitaire jewellery exhibition which will commence on 30th January, 2020 will go up to 3rd February, 2020. Mr Jignesh Mehta, Founder & Managing Director, Divine Solitaires,Mr Arvind Soni, Director, Mahabir Danwar Jewellers and Mr Sandeep Soni, Director, Mahabir DanwarJewellers, interacted with the press at the event. Since its inception in 2006, Divine Solitaires has been the first solitaire brand in India to specialise in loose solitaires and solitaire jewellery. The brand has…

27 Jan

1 LAKH TONS OF DUTCH-MADE TATA STEEL EXEMPT FROM US TARIFFS

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A US tariff on laminated steel used in packaging will not apply to Tata Steel products manufactured in the Netherlands, the Dutch foreign trade minister said on Monday.Sigrid Kaag told reporters that the US had agreed the products would be exempt from a 25 per cent tariff announced by the administration of President Donald Trump in June 2018, saving consumers and the company up to 100 million euros annually in tariff costs.”The import tariffs on laminated steel have been retracted and that’s wonderful news for Tata Steel,” Kaag told reporters in The Hague. “It’s good for us, and good for…

27 Jan

CURRENT SITUATION OF AIR INDIA IS VERY FRAGILE, SAYS CIVIL AVIATION MINISTER

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Civil Aviation Minister Hardeep Singh Puri, addressing the media on Monday, described the current situation of the national carrier as “very fragile”. The government had earlier released the preliminary information memorandum (PIM) for seeking expression of interest for strategic disinvestment of Air India. Mr Puri added that Air India is under a debt trap due to accumulated debt of around Rs 60,000 crore.After failing to sell majority stake in Air India in 2018, the government has worked on critical areas this time around to make the disinvestment bid more attractive to the prospective bidder, Mr Puri said.

27 Jan

QATAR NOT KEEN TO RENEGOTIATE LNG CONTRACTS WITH INDIA

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India wants Qatar to delink the price of its imported gas from that of oil under long-term deals, the oil minister said on Monday, to make supplies cheaper for price-sensitive customers after a sharp fall in spot prices of the cleaner fuel.Liquefied natural gas (LNG) sourced from the spot market costs about half of that under the long-term deals.India in 1999 signed a long-term LNG deal with Qatar for supplies from 2004, with volumes gradually rising to 7.5 million tonnes per annum (mtpa).