POMPEO

MIKE POMPEO TO ARRIVE IN INDIA AMID TRADE ISSUES

ANM News Desk: US Secretary of State, Mike Pompeo will arrive in India on Tuesday for talks with government leaders over a growing list of trade and investment issues that have cast a shadow over ties between the two countries.

. Pompeo, who will meet his new counterpart S Jaishankar on Wednesday, is expected to lay the ground for a meeting between US President Donald Trump and Prime Minister Narendra Modi later in the week at a G20 meeting in Japan.

SCOOTER

NITI AAYOG ASKS MANUFACTURERS TO SWITCH TO ELECTRIC VEHICLES

ANM News Desk: India’s central think-tank has asked scooter and motorbike manufacturers to draw up a plan to switch to electric vehicles, days after they publicly opposed the government’s proposals saying they would disrupt the sector.

NITI Aayog which is chaired by Prime Minister Narendra Modi and plays a key role in policy-making, had recommended that only electric models of scooters and motorbikes with engine capacity of more than 150cc must be sold from 2025.

FB

FACEBOOK TO NOT LAUNCH ITS CRYPTOCURRENCY IN INDIA

ANM News Desk: Facebook’s cryptocurrency Libra will not be launched in India.The social media giant is expected to launch the digital coin in 2020.

JK BANK

SHARES OF PROMINENT BANK OF VALLEY FELL 10%

Yawar Shafi, Srinagar: Jammu & Kashmir Bank shares fell 10 percent intraday on June 19 after a media report indicated that former chairman residence has been raided by Anti-corruption Bureau (ACB) on Wednesday.

According to a report published, the stock touched a day’s low of Rs 33.50, the lowest price since May 2009. At 1238 hours IST, it was quoting at Rs 34.40, down Rs 2.80, or 7.53 percent on the BSE.

TRAIN

RAILWAYS TAKE TO PRIVATE SECTOR FOR PUBLICITY

ANM News Desk: For the first time in Indian Railways, the government will be hiring a team of PR professionals from the private sector. They will be holding publicity campaigns for the Railways both at the Union ministry in the national capital as well in each of its zones.

JET AIR

JET AIRWAYS FOUNDER TO BE QUESTIONED ON TAX EVASION OF RS 650 CR

ANM News Desk: Jet Airways founder Naresh Goyal will be questioned by the income tax department in relation with an alleged case of tax invasion.

The assessment wing earlier received the investigation report with records of irregularities that had taken place between Jet and its group companies in Dubai allegedly to evade taxes worth Rs 650 crore.

GOOGLE

SUNDAR PICHAI PRAISES TECH DEVELOPMENT IN INDIAN MARKET

ANM News Desk: Google CEO Sundar Pichai stated that the scale of India’s market has allowed Google to develop new products in the country and take it to the global level.

Observing that Google has been in India now for “a very very long time”, Pichai stated that the number of Indian manufacturers who would make devices ‘Made in India’.

The Indian government, he mentioned, has done a great job of making technology, one of the pillars by which, they will improve governance and as well as socioeconomic conditions in the country.

MIKE POMPEO

MIKE POMPEO URGES INDIA TO DIVERSIFY TRADE

ANM News Desk: US Secretary of State Mike Pompeo pushed for India to further open its economy and also “diversify” its energy portfolio, saying countries that have provided American companies access to their markets have seen “real opportunity”.

PROTEST

JET AIRWAYS’ EMPLOYEES DEMAND RENEWAL OF AIRLINES

ANM News Desk: Atleast 200 employees of Jet Airways staged protests outside the Civil Aviation Ministry in Delhi on Tuesday, demanding revival of the airline and payment of their pending salaries.

TRUMP

TRUMP LIFTS TARIFFS ON STEEL-ALUMINIUM IMPORTS TO CANADA AND MEXICO

ANM News Desk: President Donald Trump on May 17 announced a deal to lift US tariffs on steel and aluminum imports from Canada and Mexico. This move is likely to ease trade tensions between the three North American countries.

The steep US tariffs imposed last year — 25 percent on steel and 10 percent on aluminum, became a major stumbling block to ratifying a new North American trade pact negotiated by the three countries in 2018.