Digital infrastructure is taking India towards Viksit Bharat: Finance Minister Nirmala Sitharaman
Chennai, April 2 - Union Finance Minister Nirmala Sitharaman on Tuesday said that the digital infrastructure is taking the country towards attaining Viksit Bharat by 2047.
RBI may cut repo rate only in Q3 FY25: SBI economist
Chennai, April 2 - The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may cut repo rate only in the third quarter of FY25 and not before, said a top economist in the State Bank of India (SBI).
Paradip Port pips Kandla to become India’s highest cargo handling port
New Delhi, April 2 - Paradip Port Authority has clocked a record 145.38 million metric tonnes (MMT) cargo throughput in FY 2023-24 to nudge past Deendayal Port, Kandla and emerge as the highest cargo handling major port of the country, according to a
IREDA loans for green energy projects surge to Rs 37,354 crore in 2023-24
New Delhi, April 2 - Indian Renewable Energy Development Agency Limited (IREDA), the largest pure-play green financing Non-Banking Financial Company (NBFC) in the country, has achieved its highest-ever annual loan sanctions amounting to Rs 37,354 crore in the financial year 2023-24, according to
DGCA directs Vistara to submit daily flight disruption reports
New Delhi, April 2 - In response to the recent surge in flight disruptions by Vistara Airline, a joint venture of Tata and SIA airlines, the Directorate General of Civil Aviation (DGCA), citing various reasons including crew unavailability, has mandated that the airline
Govt to sell bonds worth Rs 38,000 cr via RBI’s multiple price auction method
New Delhi, April 1 - The Finance Ministry on Monday announced the sale of Rs 38,000 crore worth of government bonds through the Reserve Bank of India's new multiple price auction method.
Aditya Birla Fashion proposes to demerge Madura Fashion business into separate listed entity
New Delhi, April 1 - The Board of Directors of Aditya Birla Fashion and Retail Ltd (ABFRL) on Monday authorised the management of the company to evaluate the vertical demerger of the Madura Fashion & Lifestyle business from the ABFRL into a separate
97.69 pc of Rs 2000 banknotes have been returned: RBI
Mumbai, April 1 - The RBI said in its currency update on Monday that 97.69 per cent of the Rs 2000 banknotes in circulation have now been returned.
SAIL saleable steel output increases to record 18.4 million tonnes in 2023-24
New Delhi, April 1 - Public sector giant Steel Authority of India Limited (SAIL), has recorded a 7 per cent rise in saleable steel output to a record level of 18.4 million tonnes for the financial year ended on March 31, 2024 as
GST revenue jumps 11.5 pc in March to Rs 1.78 lakh crore, yearly collection crosses Rs 20 lakh crore
New Delhi, April 1 - The country’s gross Good and Services Tax (GST) revenue for March 2024 jumped by 11.5 per cent over the same month of the previous year, to touch the second-highest collection ever at Rs 1.78 lakh crore, data released
RBI directs banks to step up hassle-free loans to Self Help Groups
Mumbai, April 1 - The RBI on Monday directed all banks to provide adequate incentives to their branches in financing the Self Help Groups (SHGs) and establish linkages with them, making the procedures simple and easy.
Adani Ports handles record 420 MMT cargo globally with impressive 24 pc growth
Ahmedabad, April 1 - Adani Ports and Special Economic Zone Ltd (APSEZ) handled record 420 MMT (million metric tonne) cargo in FY24 (including international ports), which is an impressive 24 per cent growth (year-on-year), with domestic ports contributing over 408 MMT cargo, it
Finance Ministry refutes misinformation on social media over income tax regime
New Delhi, April 1 - The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from April 1, 2024, as is being reported by some social media platforms.
Homegrown products built on DPI to propel India towards $5 trillion economy: Experts
New Delhi, March 31 - Homegrown solutions and products built on top of the digital public infrastructure (DPI) by young entrepreneurs will pave the path towards India becoming a $5 trillion economy, industry experts said on Sunday.
Power sector experts hail collaboration between RIL & Adani Group for MP power project
Mumbai, March 29 - Power sector experts on Friday hailed the collaboration between the Mukesh Ambani-led Reliance Industries Limited (RIL) and the Adani Group headed by Gautam Adani following RIL’s move to pick up 26 per cent stake in Adani Group’s power plant
India’s policies to empower women take centre stage at G20 meet
Brasilia, March 29 - The second day of the G20 Employment Working Group (EWG) meeting here on Friday started with a special session dedicated to the follow-up of the implementation of commitments made during India’s G20 presidency which includ the need to develop
EV sales’ momentum slowing globally
New Delhi, March 29 - Electric vehicle sales' momentum is slowing globally, marquee global brokerage Goldman Sachs said. Europe, which has driven EV growth up to now, has shown signs of stagnation since the beginning of 2024.
Pakistanis brace for another petrol price hike ahead of Eid-ul-Fitr
Islamabad, March 30 - Even as the cash-strapped economy of Pakistan has taken a massive toll on the lives of its citizens, adding up to their struggles, miseries and sufferings with consistent rise in inflation, now the government is gearing up to announce
Pakistan’s economic growth rate slowed down to just 1 pc in Q2
Islamabad, March 29 - Pakistan's economic growth rate has slowed down to just 1 per cent in the second quarter of this fiscal year because of the poor performance of the industrial and services sectors, local media reported.
Sales turnover of Government e-Marketplace doubles to Rs 4 lakh crore in 2023-24
New Delhi, March 29 - The Government e-Marketplace (GeM) has closed the 2023-24 financial year with a Gross Merchandise Value (GMV) of a staggering Rs 4 lakh crore which is double that of the corresponding figure for the previous fiscal year (2022-23), the