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Scientists in Bangladesh have developed a method to convert Jute fibre into low-cost bio-degradable cellulose sheets named ‘Sonali’ which can be used as wrapping material and carrying bag. Mubarak Ahmad Khan, the scientific adviser to the state-run Bangladesh Jute Mills Corporation (BJMC) and leader of the team that developed the new ‘Sonali’, says that the … Read more
US President Donald Trump has hinted that he is unlikely to lift the freeze of security assistance to Pakistan till the time he is satisfied with Islamabad’s actions against terrorist network. During their first meeting in Washington, Mr Trump told Pakistan Prime Minister Imran Khan last night that US is paying 1.3 billion dollars to … Read more
United States regulators have approved a five billion dollar penalty to be levied on Facebook to settle a probe into the social network’s privacy and data protection lapses. This was reported in Wall Street Journal, which says that the Federal Trade Commission (FTC) approved the settlement in a 3-2 vote with the two Democratic members … Read more
India and the United States have agreed to further grow their economic relationship and address mutual trade concerns. A US delegation led by Assistant Trade Representative Christopher Wilson held bilateral talks with a team of Indian officials headed by Additional Secretary, Department of Commerce, Sanjay Chadha in New Delhi on Friday. The two sides discussed … Read more
RBI has authorised 29 agency banks to accept payments of Income Tax dues. In a press release issued from Mumbai on Monday, RBI has appealed tax payers to remit their income tax dues sufficiently in advance of the due date. In order to minimize the hassle, tax payers can also use the facility of online … Read more
Japanese auto major Honda will recall over 90,000 units of its sedan City and multi-purpose vehicle Mobilio in India manufactured between December 2013 to July 2015 to replace fuel return pipe. The recall will affect only the diesel variants of the two models. The company’s Indian arm, Honda Cars India Ltd (HCIL) said that it … Read more
Government has came out with a draft scheme under which a person or entity can earn interest by depositing the metal with banks. As per the draft guidelines released by Finance Ministry, minimum gold deposit is proposed at 30 grams and the interest earned on it would be exempt from income tax as well as … Read more
The United Nations today said India will see a gradual growth acceleration with its GDP expected to reach 5.9 per cent this year and 6.3 per cent in 2016. According to the United Nations World Economic Situation and Prospects 2015 report, India’s economy expanded by an estimated 5.4 per cent in 2014, an improvement from … Read more
The Seattle City Council unanimously passed an ordinance that would give the city the highest minimum wage in US. Socialist City Council Member Kshama Sawant, who after the council meeting called on the people of America to elect more independent and socialist candidates, said the push for a higher minimum wage is spreading across the … Read more
Output of the country’s eight core industries rose by 4.2 per cent in April this year compared to the same month last year. This was boosted by higher electricity, fertiliser and cement production. According to official data released yesterday, the coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity sectors had expanded … Read more