BUSINESS
No government directive on Russian oil; refiners weigh costs, alternatives independently, sources say
For state-run refiners, the new sanctions are likely to have a limited impact since they do not have long-term supply contracts with the Russian firms targeted by the latest curbs.
BUSINESS
Centre's capex-loan scheme for states sees slow disbursal at Rs 47,000 crore so far
For FY27, the government would continue the scheme, likely with a similar estimate, which will be mentioned in the upcoming Budget, according to sources.
BUSINESS
Budget FY27 may peg MGNREGA outlay at record high, FY26 estimate likely to remain unchanged
A good monsoon has kept the demand for work low since July and the government will need money to build houses and for water conservation
BUSINESS
CBDT signs record 174 Advance Price Agreements in FY25
Experts say this shows the government’s intention to provide tax certainty to foreign businesses having operations in India, to enhance ease of doing business (EoDB).
BUSINESS
Project-wise insolvency in real estate may get statutory backing in new IBC draft bill
There are sections within the government which don’t agree with the move as they feel the RERA Act, 2016, contains sufficient clauses to deal with this issue.
BUSINESS
EPFO sets up task force and IBC cell to recover over Rs 21,000 crore in pending PF dues
It is also leant that the EPFO has categorised pending dues into two buckets - immediately realizable’ (IR) and ‘non-immediately realizable’. Of the total Rs 21,000 worth of dues pending, IR dues amount to Rs 2,980 crore while the non-IR dues are over Rs 18,500 crore.
BUSINESS
EPFO official says full withdrawal timeline revised to 12 months to ensure interest benefit to subscribers
One government official said that full money is often withdrawn after two months of unemployment, and re-employment takes place soon afterwards, thus reducing benefit of interest availed by the subscriber.
BUSINESS
India's ports to attract Rs 80 lakh crore investment, says Sarbananda Sonowal
MoUs worth Rs 10 lakh crore would be signed during the upcoming Maritime Week, the ports minister has said
BUSINESS
"PM Modi’s energy and connection with masses inspiring," says AP IT Minister Nara Lokesh
PM Modi gets quite a few letters as Prime Minister His office, they bring in a hundred letters which are unopened, and every day he picks up 10 of them, opens them, and reads them personally. And that's the way he keeps his ear to the ground, you know.
BUSINESS
TDP and BJP in a 'partnership of equals', says Nara Lokesh on NDA's dynamics
"Our support has always been unconditional. We joined the NDA before 2024 without any conditions. We've continued supporting the alliance unconditionally. Of course, we may have our views on certain regulations or policies, but those discussions happen behind closed doors," Lokesh said.
BUSINESS
Andhra Pradesh to build South Asia's first 'Quantum Valley'; CM Naidu leading quantum revolution: IT Minister Lokesh
“What we are saying is that we are ready to lead from the front (in quantum computing). We want to access these funds (of NQM) and create a vibrant ecosystem that will help us grow,” said Lokesh.
BUSINESS
Andhra vs Karnataka: "Will compete for every rupee of investment," says AP Minister Nara Lokesh
The reason why these companies would prefer AP over Karnataka is because his state government is genuinely willing to listen, said Lokesh, adding that many Bengaluru based start-ups and IT firms are in talks with AP government to shift their bases.
BUSINESS
Focus on balancing welfare and development, ups and down part of political journey: Andhra IT Min Nara Lokesh
“Winning elections is important, every single cycle matter. But what's more important is convincing people about the value of continuity in governance,” said the Minister. Nara Lokesh talks about the lessons from the past, and emphasis of the Naidu's government on inclusive growth.
BUSINESS
'Only concern is creating jobs, jobs, and more jobs': Nara lokesh says '99 paise land model' key to 2 mn job goal
The Minister explained the state government is working on implementing all such policies which would create more jobs. For instance, the “99 paise land model” is mainly aimed at catalysing jobs in the state.
BUSINESS
Aiming for higher returns: EPFO to form panel with RBI, FinMin to overhaul equity, debt investments
The committee will give its suggestions by December to the EPFO, post which a call will be taken by the Fund’s Central Board of Trustees (CBT) on restructuring, said one official.
BUSINESS
H-1B fee hike is an opportunity for 'brain gain': Andhra IT Minister Nara Lokesh
"Time has come for brain gain. India is no longer just about cost arbitrage. It’s about knowledge, talent," said Nara Lokesh.
BUSINESS
Google's $10 billion Vizag data centre gets tax certainty; AP ensures no retrospective levy: IT Minister Nara Lokesh
The Minister said that there will be separate power-grid for data centres, and added that Google will pay for the power grid. "Part of it will be subsidised by the state," he said.
BUSINESS
MSME-SPICE Scheme to be expanded to include 'greenfield' projects after low uptake
According to SPICE scheme’s official dashboard only six MSMEs have availed incentives under the scheme so far, even as the programme envisages enabling more than 3400 MSEs to adopt Circular Economy (CE) solutions till 2026-27 (the end date of the scheme).
BUSINESS
Govt to add more African, South American buyers on Trade Connect to diversify textiles, leather exports
The initiative linked to the Trade Connect portal will be part of the central government’s soon-to-be-notified Rs 25,000 crore-'Export Promotion Mission' (EPM) that aims to offer a set of financial incentives to help exporters diversify to more markets.
BUSINESS
Telecom sector’s contribution to GDP to rise to 20% over in 10-12 years, says Scindia
The government is unlikely to raise its stake further in Vodafone Idea in the near future, the minister has said
INDIA
Hoping to work with industry and govt to expand their Telecom services once we are operational, says India Starlink executive
According to sources, the rules for the allocation of spectrum for satellite communications services are likely to be in place within next two months.
BUSINESS
Some AI tools unfairly impacting online prices, shows a CCI report: Can regulators rein in the algorithm?
A report by Competition Commission of India (CCI) on Artificial Intelligence has highlighted how AI tools could be getting used for unethical price manipulation and predatory pricing.
BUSINESS
CCI’s proposed 'self-audit' framework for AI 'unique' as compared to other jurisdictions: Experts
At present, UK and US encourage internal audits and algorithmic accountability. But, the CCI’s six-pillar model is relatively unique in offering a structured approach and if implemented well, experts note.
BUSINESS
Taiwan wants FTA with India, will reduce tariffs on Indian farms products, says Taiwanese economist
To get more Taiwanese investment, India should ease labour laws and streamline work visas, Kristy Hsu, director of the Taiwan-ASEAN Studies Center, has said in an interview to Moneycontrol
