Economy Policy
Thu, 08 Dec 2022 01:12:00 +0530Uttar Pradesh targets Rs 30,000 crore investment in electric mobility
Plans to develop western, central UP as e-vehicle hubs
Thu, 08 Dec 2022 00:47:00 +0530Tata's Chandrasekaran to head Business 20 India; CII to be Secretariat
'As India commences its leadership of B20 amid multiple global developments and transformations, the participation of businesses in global economic decision-making has never been more critical'
Thu, 08 Dec 2022 00:24:00 +0530Railways' diesel consumption reduced by 50.29% in FY21 compared to FY20
The Railways has reduced its diesel consumption by more than 50 per cent in 2020-21 in comparison to its previous financial year, Railway Minister Ashwini Vaishnaw said on Wednesday.
In his reply to a question in Lok Sabha, Vaishnaw said in 2018-2019...
Wed, 07 Dec 2022 23:52:00 +0530Single-day peak power demand to rise by up to 35,000 MW in April: Power min
The single-day peak demand for power is expected to increase by up to 35,000 MW in April 2023 and the government has started preparations to meet the same, Union minister R K Singh said on Wednesday.
Speaking to PTI, the minister for power, new & ren...
Wed, 07 Dec 2022 23:42:00 +0530What we have learned three days into the price cap on Russian oil
The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation
Wed, 07 Dec 2022 23:22:00 +0530EV charging biz may require up to Rs 1.05 trn investment by 2032: Report
Electric vehicle (EV) charging station business may require an investment to the tune of Rs 1.05 lakh crore by 2032 as the country is expected to need 2.30 lakh such facilities during this period, a report said on Wednesday.
This massive investment w...
Wed, 07 Dec 2022 23:20:00 +0530Consumer-facing firms see no 'immediate impact' of RBI's rate hike
Shashank Srivastava, senior executive officer (sales and marketing) at Maruti Suzuki India, said that though higher retail loan rates could adversely impact demand, the industry would have to wait
Wed, 07 Dec 2022 23:15:00 +0530Assam Cabinet clears recruitment for 10,000 positions: Himanta Biswa Sarma
Recruitment for about 10,000 government posts was sanctioned by the Assam cabinet on Wednesday, Chief Minister Himanta Biswa Sarma said.
It also cleared reservation in top positions in the government for retired officers of the armed forces to improv...
Wed, 07 Dec 2022 23:12:00 +0530'Govt's duty cuts to impact customs; GST to help achieve FY23 tax target'
Robust GST collections will help achieve the FY23 revenue growth target on the indirect taxes front, despite the impact of duty cuts on central excise and customs mop-up, a top official said on Wednesday.
Central Board of Indirect Taxes & Customs Cha...
Wed, 07 Dec 2022 23:09:00 +0530Irdai proposes 3 yrs insurance cover for cars, 5 yrs for two-wheelers
Regulator Irdai on Wednesday proposed to introduce an insurance cover of three years for cars and five years for two-wheelers with an aim to allow wider choice to customers.
The Insurance Regulatory and Development Authority of India (Irdai) has floa...
Wed, 07 Dec 2022 23:04:00 +0530We've lowered size of policy rate change, RBI's Das and Patra tell media
Battle against inflation is far from over though the worst is behind us; moderation of inflation will be grudging and uneven, they say
Wed, 07 Dec 2022 22:18:00 +0530Govt includes steel, pharma, chemicals in RoDTEP scheme as exports falter
Expanded list of items will be applicable for exports made from December 15. Scheme outlay pegged at Rs 1,000 crore, says govt official
Wed, 07 Dec 2022 21:12:00 +0530Banks should not ask for verification at branch level if e-KYC done: RBI
The Reserve Bank on Wednesday said banks should not ask for verifications/updates at the branch level in case a customer has done e-KYC or those who have completed the KYC (know-your-customer) process on C-KYC portal.
Bank customers who've completed ...
Wed, 07 Dec 2022 21:01:00 +0530Global Captive Centres to add 364k jobs in next 12 months: Report
Global Captive Centres (GCCs) are looking to ramp up their workforce and add close to 3.64 lakh jobs within next 12 months amid a spurt in service demand from key global markets, says a report.
According to NLB Services' India Captivating Report, the...
Wed, 07 Dec 2022 20:58:00 +0530Rs 2.44-trn plan for 500-Gw renewable energy transmission launched
Liberty to Renewable project developers to sell on Exchanges till Transmission comes up: Power Minister
Wed, 07 Dec 2022 20:57:00 +0530India to provide voice to issues of interest during G20 presidency: Govt
India's endeavour during its G20 presidency would be to build consensus within the grouping, raise key issues of the global south and highlight the country's 3Ds -- development, democracy and diversity, the government informed Lok Sabha on Wednesday....
Wed, 07 Dec 2022 20:48:00 +0530Govt working on ways to contain surge in imports of non-essential goods
The government is working on ways to contain surge in imports of non-essential goods with an aim to boost the country's exports and reduce trade deficit, an official said.
The commerce ministry has identified those products and have sent communicatio...
Wed, 07 Dec 2022 20:25:00 +0530RBI opts for smaller repo rate hike of 35 bps, hints at more to come
Main risk is core inflation remaining sticky: Governor
Wed, 07 Dec 2022 19:50:00 +0530SC directs Centre, RBI to put on record relevant info on demonetisation
The Supreme Court on Wednesday directed the Centre and the Reserve Bank of India (RBI) to put on record relevant records relating to the government's 2016 decision to demonetise currency notes of Rs 1000 and Rs 500 denomination.
Reserving its verdict...
Wed, 07 Dec 2022 19:46:00 +0530Centre seeks info from embassy on Iran's bar on rice, tea imports
'As of now, there has been no confirmation from the authorities and the response from the embassy in Tehran is also taking time'