Harnessing 10% of coal bed methane reserves can cut India's energy import bill by $2 billion: Experts
The experts believe that the industry's collective efforts in utilising Coal Bed Methane (CBM) can help the country save over USD 2 billion on imports bill in near future.
China's slacking imports, slowing exports peril global economic recovery
The recovery so far has mainly been driven by consumer spending, rather than infrastructure and property investment and that has reduced demand for commodities such as crude oil, iron ore and copper
Fed raises rates, opens door to pause in tightening cycle
The Federal Reserve’s latest move, which raised its benchmark rate to roughly 5.1%, could further increase borrowing costs.
Vivad se Vishwas scheme: June 30 deadline for MSMEs to submit claims
In cases of failure by MSMEs to execute contracts during the COVID period, 95 per cent of the forfeited amount relating to bid or performance security will be returned to them by the government.
Indian banks wary of parking funds with RBI following liquidity swings - traders
Liquidity in the banking system, which was in deficit till March-end, swung to a surplus of around 2.7 trillion rupees ($32.87 billion) at the beginning of this month, but a rise in cash in circulation as well as credit pickup led to a rapid decline in liquidity to a surplus of 1.35 trillion rupees.
Russian arms sales to India hit currency crossroads amid US sanctions
India is unable to settle the bill in US dollars due to concerns about secondary sanctions, while Russia remains unwilling to accept rupees due to exchange-rate volatility
India races to get richer before it gets older as Indians outnumber Chinese
India needs to advance on four broad fronts — urbanisation, infrastructure, up-skilling and broadening its labour force, and boosting manufacturing — to fully cash in on its demographic dividend and reshape the global economy in the process
CAI reduces cotton crop estimate by 10 lakh bales to 303 lakh bales for 2022-23 season
The total cotton production in the last season was estimated at 307.05 lakh bales, CAI said in a statement
Crypto will die a natural death as investors turn to other assets: PM’s advisory council member
Crypto grew because we had near zero interest rates in developed countries for an extended period so people were searching for higher returns.
India's forex reserves rise $6.30 billion to $584.75 billion
The reserves have been declining as the central bank deployed the kitty to defend the rupee amid pressures caused by global developments.
Blamed for Putinflation abroad, Russia now sees prices cool off
Russian inflation reached 3.5 percent in March from almost 11 percent in the previous month
Revised gas pricing formula to aid demand, profit stability for producers: Fitch
”We expect a partial pass-through of the lower administered price mechanism (APM) gas prices, at which domestic upstream producers supply gas to city gas distributors, in the prices of compressed natural gas (CNG) and domestic piped natural gas (PNG) to add to the distributors’ margins in the near term,” it said in a statement.
Securitisation volumes jump 41% to Rs 1.78 lakh crore in FY23: Icra
The last quarter of the fiscal alone contributed volumes of over Rs 61,000 crore, domestic rating agency Icra said.
OPEC+ output cut may lead to higher oil prices, push up India's import bill: IEA
"India is an energy important country, oil important country, a majority of the oil consumed in India is important, such a move could increase India's oil import bill and as such a burden on the Indian economy and Indian consumers," said IEA chief Fatih Birol.
ONDC’s challenge is onboarding stakeholders, expanding the market: T Koshy, CEO
ONDC is working towards digitizing and supporting grassroots-level entrepreneurs and local retailers, and making them a beneficiary of India's e-commerce revolution.
Post office savings schemes compete with bank FDs after 3 hikes in rates by govt
The return on post office term deposits of two years under the small savings schemes is 6.9 per cent, the same as offered by most banks on deposits of similar maturity.
South Korea to firm up supply chain cooperation with India
President Joe Biden’s administration has been seeking help from allies including South Korea in reducing the global supply chain’s dependence on China
US consumer price inflation likely to stay high, testing the Fed
Government figures Wednesday are expected to show a 0.4 percent monthly gain in the core consumer price index. While softer than the 0.5 percent advance in the prior month, such an increase would match the September-February average and keeps year-on-year figures stubbornly high
Torrent Gas slashes CNG price up to Rs 8.25 per kg, PNG by Rs 5
Torrent Gas has licences to operate city gas networks retailing CNG to automobiles and piped natural gas, called PNG, to household kitchens in 34 districts across the country, including in Chennai and Jaipur.
Banking crisis in US makes Asian emerging markets a safe haven for investors
A Citibank analysis of global financial conditions shows Asian financial markets have tightened less than in the US and most Asian currencies have gained ground against the US dollar
How Karnataka received investments worth Rs 3.23 lakh crore and is attracting more
Foxconn’s plan to invest about Rs 8,000 crore is the latest. The company’s plants will be located at Doddaballapura and Devanahalli taluk. After many incentives and subsidies, the state is now working on a GIS-based system for providing information on compliances and quick identification of land parcels.
Inflation seen easing in March on softening food price rises: Poll
The data is due at 1200 GMT on April 12, less than a week after the RBI surprised markets and analysts by holding its key interest rate steady at 6.50% when most expected a 25 basis point rise.
Raghuram Rajan expects more bank troubles after SVB, Credit Suisse crises
Rajan said a decade of easy money and a flood of liquidity from central banks has caused an “addiction” and a fragility within the financial system as policy makers tighten policy.
Inflation kept at 6 % or below despite adverse circumstances: FM
Price rise is a matter on which the Centre is very sensitive and responsive, she said.
Top officials to discuss Navratna status for RVNL tomorrow
RVNL has recently bagged the NHAI order for the construction of Kona expressway in West Bengal and Varanasi- Ranchi-Kolkata Highway in Jharkhand
