ISSDA, SPA ink pact to promote innovative use of stainless steel
Through the memorandum of understanding (MoU), both institutions plan to promote innovative architectural technologies and materials across buildings and the construction industry with the common objective of advancing the field of architecture design
India committed to taking care of its armed forces' veterans: Taranjit Singh Sandhu
Recognising the services of Indian armed forces’ veterans, the Indian Embassy here organised Varishtha Yoddha’, an event to honour these ex-servicemen. Recognising the services of Indian armed forces’ veterans, the Indian Embassy here organised Varishtha Yoddha’, an event to honour these ex-servicemen
Windfall Tax | Oil marketing companies may bargain with refiners, says Revenue Secretary Tarun Bajaj
The quantum of duties will be reviewed every 15 days to see how the international prices have moved, based on which action will be taken
RBI's deposit insurance arm to pay depositors of two co-operative banks in August
DICGC, a wholly-owned subsidiary of the RBI, provides an insurance cover of up to Rs 5 lakh on bank deposits. Depositors of the two Maharashtra-based banks will get the amount credited to the alternate bank account specified by them, or on their consent, to their Aadhaar-linked bank accounts.
Diesel sales soar 35%, petrol demand rise 29% YoY in June
The start of the cropping season helped diesel demand register a double-digit growth over the pre-pandemic period — a record in recent years.
Homebuyers' body FPCE wants RERA to be made functional in West Bengal to protect consumers
In May last year, the Supreme Court had struck down the West Bengal government’s law WBHIRA for regulating real estate sector, saying it was ”unconstitutional”.
DGFT issues RCs for 1.6 million tonne wheat export after May 13 ban order
The government is allowing wheat shipments for which irrevocable letters of credit (L/C) were issued on or before May 13, when the ban on the export of the foodgrain was imposed with an aim to contain rising prices.
Windfall tax to help recoup most of Rs 1 lakh crore revenue lost in excise cut
India on July 1 joined a select league of nations globally that have taxed windfall gains accruing to oil companies from soaring energy prices.
US jobs report shows resilient labour demand, policymakers brainstorm in Asia, Europe
The European Central Bank will release minutes of its June deliberations, Brazil’s double-digit inflation may have ticked up again, and Canada also publishes jobs data. Monetary officials in Australia, Israel, Peru and Poland are among those forecast to keep raising rates
Bihar prepared PMGSY budget 2020-21 without any planning: CAG
National Quality Monitoring (NQM) found that 1,029 road and bridge projects were in the category of ”unsatisfactory” during a period of five years till 2020-21, the Comptroller and Auditor General (CAG) said in its report, tabled in the assembly on Thursday.
JPMorgan cuts US economic growth forecasts ‘perilously close’ to recession
The Wall Street bank reduced its estimate for annualized gross domestic product growth to 1 percent for the second quarter, down from 2.5 percent previously
US factory activity slows to two-year low as clouds gather over economy
The slowdown in manufacturing followed moderate consumer spending growth in May along with weak housing starts, building permits and factory production
Govt slaps Rs 66,000 crore windfall tax on crude oil production; introduces export levy on petrol, diesel, ATF
A Rs 6 per litre tax on export of petrol and ATF and Rs 13 per litre tax on export of diesel is effective from July 1, finance ministry notifications showed.
Jharkhand to unveil new solar policy targeting to generate 4,000 MW in 5 years
To encourage families to use rooftop solar panels in cities, a subsidy of up to 80 per cent of the total installation cost will be given to people having an annual income of less than Rs 3 lakh.
Singapore firm to set up Rs 25,600 crore hi-tech semiconductor park in Tamil Nadu
Chennai, Jul 1 A new semiconductor high-technology park at an investment of Rs 25,600 crore spread over the next five years, would be set up ..
Big tech firms offering financial services pose risk to financial stability: RBI
The central bank, in its 25th Financial Stability Report (FSR), said the advent of FinTech has exposed the banking system to new risks which extend beyond prudential issues and often intersect with other public policy objectives relating to safeguarding of data privacy, cyber security, consumer protection, competition and compliance with anti-money laundering policies
Windfall tax 'is a very heavy amount imposed': ex-CMD of ONGC
The government has imposed Rs 23,230 per tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices.
Rupee exchange rate under close watch of RBI and government, says finance minister
The rupee has been slipping to fresh lows over the last several sessions as global macroeconomic woes mount and as foreigners continue to pull out funds from Indian equities.
Punjab households to get 300 units of free electricity from today: CM
The AAP government had earlier announced giving 300 units of free power to every household from July 1.
Factory output momentum eases slightly in June
June is the 12th consecutive month in which India's manufacturing PMI has stayed above 50.
Supreme Court has not altered fundamental features of GST, says finance minister
Nirmala Sitharaman also says it is reasonable to expect the steady growth trend in GST revenue to continue.
Govt keeps interest rates unchanged on small savings schemes for September quarter
The interest rate on small savings schemes has not been revised since the first quarter of 2020-21. The interest rate on small savings schemes has not been revised since the first quarter of 2020-21.
Direct Bhubaneswar-Dubai flights very soon: Naveen Patnaik
The direct air connectivity between Dubai and Bhubaneswar has been a long-pending demand for people
Centre's fiscal deficit at 12.3% of full year target in May, widens from year ago
The increase in fiscal deficit was mainly due to higher expenditure, according to official data
