Free Press Journal
  • Goldman sees FY15 deficit target higher at 4.3%

    NEW DELHI : The government is likely to revise upwards its fiscal deficit aim for 2014-15 (Apr-Mar) to 4.3% of gross domestic product from the “overly optimistic” target of 4.1% pegged in the Interim Budget, Goldman Sachs said.

  • FY15 divestment target set to go up to bridge fiscal gap

    Jaitley can take advantage of Sebi’s proposed norms that mandate to increase public shareholding in public sector companies to 25% in three years. Currently, there are 23 public sector companies where public shareholding is less than 25%. (more…)

  • Protests as ‘Ek Villain’ shows Mira Rd in bad light

    Bhayandar : The Mira Road police station witnessed chaotic scenes on Monday when activists of the Bahujan Vikas Aghadi (BVA) joined by locals launched an agitation to register their protest against objectionable scenes in recently released Bollywood blockbuster film ‘Ek Villain’.

  • New York Times drops India Ink

    Washington : Citing resource constraints, the New York Times has dropped its special “India Ink” section providing in-depth coverage of “The World’s largest Democracy at a Crossroads” after a three year run, reports IANS.

  • Competition Commission slaps Rs 25.67 cr fine on Adani Gas

    New Delhi :  Fair trade watchdog CCI has imposed a penalty of more than Rs 25 crore on Adani Gas for violating competition norms by abusing its dominant market position. Adani Gas is a subsidiary of Adani Enterprises, which is part of diversified Adani Group.

  • 2G case: Raja admits to meeting Radia at home

    New Delhi : Former Telecom Minister A Raja, an accused in the 2G case, on Monday admitted to having met former corporate lobbyist Niira Radia along with then Tata group chairman Ratan Tata at his residence in connection with work of Tata group, but categorically denied having any telephonic conversation with her.

  • Biting the fiscal bullet inevitable

    The UPA government’s last Interim Budget for 2014-15 presented a far rosier picture of the state of India’s economy than was warranted. It was confidently stated by the then finance minister, P Chidambaram, that the economy was more stable than it had been two years ago. The quarterly growth rate was on the rise. The fiscal deficit – another word for government’s market borrowings — was declining. Inflation had moderated. The exchange

  • Nigel, Vaishnavi, Riya get top seed

    Mumbai: Nigel D’Sa and Vaishnavi Iyer have been given pride of place in the CCI Greater Mumbai District Badminton Championship, that will be held at CCI from July 9 to 13.

  • RCom set to reduce headcount by over 35% by month-end

    New Delhi :  Reliance Communication (RCom) will reduce its workforce by up to 5,500 employees from BPO and shared services operations as the country’s fourth-largest telecom operator tries to trim its debt.

  • Ex-Fin secy seeks justice Bharucha’s recusal as Reliance case arbitrator

    NEW DELHI :  A former finance secretary asked Reliance Industries nominee arbitrator, former Chief Justice of India Sam Piroj Bharucha, to recuse himself as an arbitrator from company’s dispute with the government over the Krishna-Godavari Basin D6 gas fields.

  • Jaitley may tweak some fiscal nos, retain borrowing target

    NEW DELHI : The Regular Budget for the financial year started April is already being touted as a harbinger of the “achche din” promised by Prime Minister Narendra Modi, but the big question is whether the government will keep unchanged the key numbers in the Interim Budget for 2014-15.

  • New remote-controlled contraceptive lasts 16 years

    Washington : A US start-up has come up with a new implantable contraceptive – a wireless, remote-controlled chip that can be turned on and off at the push of a button – which can last for 16 years, reports PTI.

  • Tempo runs over cop in Thane

    Thane : A 52-year-old policeman was knocked down by a tempo at Vadpe Naka on Bhiwandi bypass in the district, police said on Monday.

  • Pope Francis

    Pope asks victims of sex abuse for forgiveness

    Vatican City : Pope Francis begged forgiveness on Monday from the victims of clergy sex abuse as he held his first meeting with several abuse survivors but another victim called the gathering nothing more than ‘a PR event’.

  • Sheer cussedness

     Anyone familiar with the history of the early years of our republican democracy would know that the Congress Party had enjoyed a brute majority. Thanks to the aura of the freedom movement attached to its name, the party won huge victories not just in parliamentary polls, but in Assembly polls as well. It was not until the 1967 Lok Sabha poll that the first signs of a strong opposition emerged, though in

  • Grit and determination of 46 nurses helped: Chandy

    Thiruvananthapuram : The grit and determination of the 46 nurses helped in their evacuation from Iraq, said Chief Minister Oommen Chandy as he called for providing higher education and jobs in the state so that there is no need to go abroad. “I am a strong believer in god and in prayers. I owe this rescue to the prayers offered by the lakhs of people and the grit and determination of these 46

  • Kunal Kapoor gets bruised

    Actor Kunal Kapoor, who was last seen on the big screen in ‘Luv Shuv Tey Chicken Khurana’ in 2012, has returned home from Thailand but with a black eye and broken tooth! Apparently the actor sustained the injuries while trying his hands at a local combat sport Muay Thai. What’s more, the 36-year-old actor took to Twitter to share his picture while his post read, “This is what I came back from

  • ‘Witnesses’ not persons named by Ness Wadia

    Mumbai : Two of the witnesses listed by industrialist Ness Wadia whose statements he wants to be recorded in the molestation case filed by Bollywood actress Preity Zinta against him, were not cooperating, while the rest were yet to be identified and contacted, according to police. “When two of them (witnesses) were contacted, they said they were not the persons listed by Wadia. (But) We do not think that we contacted wrong persons,”