I2U2 leaders' summit highlights investments in renewable energy, food parks in India
The first-ever meeting of I2U2 leaders focused on the food security crisis and clean energy. India, Israel, the US, and the UAE have committed to advance low-carbon industries and promote green tech.
INSTC route between India and Russia to see pick-up in trade volumes from next month, say officials
The INSTC is India's grand plan to cut short the time taken for trade shipments to reach Russia and Europe, and enter the central Asian markets, and vice versa.
Trade deficit rises to record $26.1 billion in June as imports surge, up 172% YoY
The massive rise comes as a result of refined petroleum imports almost doubling to $21 billion in June, while coal imports shot up by 260 percent.
India pushes for amendment to DTAA to stop double taxation of IT firms in Australia
India has also taken up with Australia the delay in processing visas for students heading to Australia for higher studies
Kerala govt providing funds to KSRTC to help in loan repayment
The minister, answering queries in the House regarding the huge losses being suffered by Kerala State Road Transport Corporation (KSRTC), said the over Rs 3,500 crore loans of the transportation body cannot be repaid in one go and the government was helping it to recover from the same.
Indian model of SDG localisation is relevant: NITI Aayog Vice Chairperson Suman Bery
Bery was addressing a special India side session at the UN High-level Political Forum on Sustainable Development on Indian model of SDG Localization, Towards full implementation of the 2030 Agenda. His remarks comes as countries around the world work towards achieving the ambitious UN’s targets.
MCD launches QR code-based plastic collection service in Karol Bagh zone
Special Officer, MCD, Ashwini Kumar launched the new initiative called ’Plastic Pick-up Chat Bot’ at the Civic Centre here on Wednesday.
Infra financing, green tech to be in focus for India at first I2U2 Summit
The first virtual summit between the leaders of India, Israel, the US and the UAE would also touch upon the global food crisis and the Ukraine war, officials said.
Windfall tax review more likely than expected after sharp fall in global crude oil prices
In a surprise move, the government on July 1 slapped export duties on petrol and ATF (Rs 6 per litre or USD 12 per barrel) and diesel (Rs 13 a lire or USD 26 a barrel) and imposed a windfall tax on domestic crude production (Rs 23,250 per tonne or USD 40 per bbl).
Centre relaxes norms for adjusting states' off-budget borrowings
India Ratings & Research Chief Economist DK Pant said adjustment of off-budget borrowing of FY21 and FY22 would have resulted in severe resource crunch for few states. Decision of deferring adjustment of off-balance sheet borrowing of the state where debt servicing is being done through state budget is a good decision.
Watch | Fall in rupee affecting your travel plans? Head to these countries to feel like royalty!
The rupee has been hitting new lows by the day and is inching towards the 80 mark against the dollar. This may have thrown your foreign travel plans out of gear – as your budgets will shrink for travel to countries like the US, Europe, Australia and Southeast Asia. However, there ARE some countries where you could actually feel like royalty because the value of the Indian rupee is higher compared to their local currency! Watch this video before making your next travel plan!
India's manufacturing exports expected to reach $1 trillion in 5 years, finds study
India’s manufacturing exports had grown by 40 percent to hit an unprecedented $418 billion in FY21-22.
ICMR releases guidelines for 54 common illnesses across 11 specialities for use by physicians
The volume III of the ’Standard Treatment Workflows’ seeks to address problems associated with irrational use of medicines, over and under diagnosis and poor referral practices, among others.
Exporters laud move to allow rupee trade but seek clarity on benefits
While the industry sees the move as the first step towards full convertibility of the Indian rupee, insiders say it will be difficult to push trade if export benefits aimed at attracting foreign exchange are not forthcoming
India's growth remains stable while most other economies lose momentum: OECD report
The growth outlook for the US has been downgraded from ‘stable growth’ to ‘growth losing momentum’ amid high inflation, low consumer confidence and declining share prices.
Need better synergy between govt and private players for harnessing PPP model in agriculture: Agri secretary
”Several players are working in silos. Being in the government, we can play the role of a conductor in a symphony orchestra. Can we bring about the synergy and work together,” Ahuja said addressing an event organised by the industry chamber Ficci here.
Government works on formal framework for public-private partnership in agriculture
The government wants to partner with industry to create a PPP model which will not only be replicable and upscalable but also highly viable on a sustainable basis, Agri Ministry officials have said. The move to formally rope in more companies into the sector comes 6 months after the three controversial farm laws were repealed by the Centre under popular pressure.
Centre constitutes new trade advisory body, onboards TCS CEO
The Board advises the government on policy measures connected with Foreign Trade Policy (FTP). However, the body had been defunct for a long time with the last meeting having taken place in 2013.
Govt appoints 29 members in Board of Trade
The board, which includes participants from states, union territories, senior officials from public and private sectors, provides a platform to discuss ways on boosting manufacturing and exports.
PM Modi to Inaugurate SGX Nifty Futures Trading At GIFT City; Know Details
The trading of the Nifty futures contracts on the Singapore Exchange (SGX) will begin at International Financial Service Centre (IFSC) in Gandhinagar. Know details
Inflation may ease gradually, precluding chances of hard landing, says RBI Guv
The current era is one of globalisation of inflation amidst growing deglobalisation of world trade, the RBI governor said on July 9.
RBI allows banks to settle Sri Lankan trade in currencies outside Asian Clearing Union mechanism
The move by the Indian central bank comes amid Sri Lanka's ongoing crisis, with its foreign exchange reserves at alarmingly low levels.
Govt-registered startups have created 7.5 lakh jobs till now, DPIIT data shows
Earlier this year, the DPIIT had begun a plan to enable the creation of 20 lakh new jobs in the sector by officially registering 50,000 new startups over the next four years.
Finance Minister exempts excise duty on ATF purchases by Indian carriers for overseas flights
In a notification, the ministry said that ATF supplied as fuel to domestic carriers on international routes would continue to be exempted from basic excise duty from July 1.
