Undertake repair work of roads every week: Delhi CM to PWD, MCD, NDMC
According to an official notification, roads in the city need the attention of concerned agencies like the Public Works Department (PWD), Municipal Corporation of Delhi (MCD), and New Delhi Municipal Committee (NDMC).
Rupee’s slide pits central bank against a market full of bears
The currency has dropped more than 6 percent this year, putting it on the threshold of 80 per dollar for the first time, as fears of a global recession and spiraling oil prices fuel outflows and deficits
Oil up nearly $5 as tight supply outweighs recession fears
Brent Crude futures were up $4.68, or 4.7 percent, at $105.37 a barrel by 1400 GMT. WTI crude futures climbed $5.11, or 5.2 percent, to $103.64 a barrel.
Road-based logistics sector may see 7-9% rise in revenue this fiscal: Report
This will be largely due to the debt-funded vehicle replacement capex induced by the upcoming scrappage policy, along with the rising interest rate regime, rating agency Icra said in the report on Thursday.
FM asks Niti Aayog to map all industrial activities for incorporating them into PM Gati Shakti
She also suggested to the shipping ministry to look at all the sea ports in the country and their linkages with industrial corridors.
Exclusive | Boris Johnson's exit may prolong India-UK trade talks but won't complicate it: Officials
The India-United Kingdom Free Trade Agreement(FTA) aims to significantly boost trade by reducing tariffs on upto 65 percent of traded goods and up to 40 percent of services. On June 24, both nations concluded the fourth round of talks.
Assam recognised as 'Leader' in states' startup ranking by Centre
This is steep progress from its previous recognition of being an Emerging Startup Ecosystem
RBI measures to have positive impact on overseas fund inflows: DEA Secretary
RBI on Wednesday raised the overseas borrowing limits for companies and liberalised norms for foreign investments in government bonds as it announced a slew of measures to boost foreign exchange inflows
Global stocks higher after Federal Reserve says rate hikes may be needed
London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil prices edged up after falling below $100 per barrel this week.
Copper futures gain on robust demand
Analysts attributed the rise in copper prices to the raising of bets by participants
PM Modi, over 300 vice chancellors, deans to deliberate future roadmap of NEP
The summit will deliberate on internationalisation of higher education, skill mapping, qulaity enhancement, multidisciplinary education, online education, entrepreneurship in higher educational institutes, and how to improve global rankings, among other subjects.
Unfair to blame GST for revenue woes, says CBIC chairman
India is on the right track on GST, Johri said, adding that business processes and IT systems have stabilized and so have the revenue collections
MSP system should be reformed, less govt intervention crucial to agri growth: NITI Aayog member Ramesh Chand
Chand batted for deferred deficiency price payments (DPP) as an alternative to the existing procurement based MSP structure.
India’s energy hunger can widen the trade deficit
Only a sharp fall in global prices of crude oil, coal and other key imports can narrow India’s trade deficit. Meanwhile, India will have to live with a volatile rupee
PLI scheme can add 4% to GDP annually, says new report
So far, the scheme has seen maximum response from the electronics, auto components, and pharma sectors, according to Emkay Investment Managers
India extends deadline for duty free cotton imports to October 31
The world’s biggest producer of the fibre had allowed duty free imports in April after local prices jumped to a record high because of a drop in the production and following rally in global prices
Growth woes | India on a better footing than western economies, says Sanjiv Bajaj
The president of Confederation of Indian Industry says things are starting to look better as consumer inflation has started moderating.
Centre, states yet to reap higher revenue benefit of GST: NIPFP working paper
By increasing revenue mobilisation from 'Non-Shareable Duties' and 'Cesses on Commodities' under Union excise duties, the Centre could manage revenue shortfall in GST, the paper said
Fiscal deficit in FY23 may be lower than target, says ING
The lowering of the debt-to-GDP ratio should be sufficient for Fitch to leave its India credit rating at BBB- and potentially even lift the negative watch in due course, ING has said
Odisha, Uttar Pradesh, Andhra best in implementing National Food Security Act, first-ever state rankings show
The new rankings reveal that some states and union territories significantly lag others in terms of the coverage, beneficiary satisfaction, digitisation, and overall system efficiency of their Targeted Public Distribution System. Goa was the worst performing state on these metrics, while Ladakh had the worst implemention of NFSA.
Trade deficit shoots up 62% YoY to $25.6 billion in June
The issue has again caught the attention of the Prime Minister’s Office as the government expects the trade deficit to widen in the near term, and efforts are on to quickly address it, officials have told Moneycontrol.
Exclusive | Widening trade deficit again on PMO radar, steps being discussed: Sources
Fuelled by rising commodity prices and a weakening rupee, India's trade deficit shot up to $190.7 billion in FY22. Fears of this continuing this year have led policymakers to plan steps to reduce imports and boost exports.
Gujarat and Karnataka best in developing startup ecosystem: Centre's rankings show
Telangana, Kerala, Maharashtra, and Odisha have occupied the second tier in the rankings. Among smaller states, Jammu and Kashmir have entered this list.
Investment proposals drop to Rs 3.57 lakh crore sequentially in June quarter, CMIE estimates
The two largest projects announced by Adani Group are the Rs 60,000-crore Maharashtra Pumped Storage Project for green power and the Rs 44,600-crore, 10-GW solar power project in Andhra Pradesh
