PM Modi Launches unified portal for credit schemes
The portal can be used to avail loans for education, agricultural infrastructure, business activity and livelihood opportunities.
Exclusive | India pushes for rice exports as bumper harvest swells supply
The government has deployed diplomats posted at Indian embassies abroad to push rice exports. Talks are underway with some countries for substituting wheat exports, banned in May, with rice.
Modi Govt @ 8 | Assertive, personality-driven foreign policy sees India making new friends, struggling against old foes
The government has deployed a muscular, no-nonsense foreign policy that has won it popularity at home. Many believe India had taken a passive, backroom approach to settling issues for too long, with few tangible benefits to show for it.
Exclusive | US-led Indo-Pacific Economic Framework won't be a trade pact
The White House has stated that the IPEF will frame rules for the digital economy, including standards on cross-border data flows and data localisation. But officials say the new partnership is based on broad intent and not fixed outcomes.
India resists move by developed countries to dilute TRIPS waiver for COVID vaccines before WTO meet
Rich economies such as the United States, European Union, United Kingdom and Canada have till now blocked a plan to temporarily waive global Intellectual Property Rights rules for COVID-19 vaccines at the WTO. Now they are actively diluting it before the all-powerful Ministerial Conference on June 12 in Geneva.
Restrictions on sugar exports 'cautionary' in nature, Indian harvest largest globally : Officials
India's sugar harvest in the current season has been larger than Brazil, officials said.
Exclusive | Increasing FDI from tax havens such as Cayman Islands under DPIIT lens
The Cayman Islands, a famous offshore tax haven, was the fifth largest source of FDI for India in FY22, up from the sixth spot in FY21. The small Caribbean island has outpaced traditional FDI sources such as Japan, the UK and the UAE.
Student admissions | Nine central universities get exemption from UGC's common entrance test
State governments wrote to the Union Education Ministry and sought exemption from CUET this year even as UGC wanted to make CUET-UG mandatory.
UGC forms committee, finalising rules to allow foreign universities to open campuses in India
The higher education regulator has already been approached by a few foreign institutions to open their campuses in India, says UGC Chairman Jagadesh Kumar
Exclusive | Commerce Department pushed to keep wheat exports open but agri ministry wanted ban
The government argues the ban will simply redirect Indian wheat to countries that need it most. Officials told Moneycontrol that the decision was deeply unpopular among all stakeholder-ministries. It was chosen by the PMO after no feasible alternative was found to control prices and shore up procurement
Private wheat exports only banned to redirect shipments to nations which need it more: Officials
This comes in the backdrop of wheat production estimated for 2022-23 now falling to 105 million tonnes, from the earlier 113.5 million tonnes estimated.
India in a relatively stronger position than many other countries: Finance secretary
Saying that the fiscal situation was less challenging last year, T V Somanathan stressed that the government will work on maintaining growth and fiscal stability, while the primary responsibility of controlling inflation lies with the Reserve Bank of India.
Bajaj Finserv Chairman and MD Sanjiv Bajaj elected as new CII president
Industry lobby new office bearers for 2022-23 have Pawan Munjal as President-Designate and R Dinesh as Vice President.
GST rates on certain sin goods at a point where they can't be hiked anymore: CBIC Chairman
Sin taxes are levied on alcohol and tobacco but their efficacy has been debated. The Chairman also said that GST collections are expected to bring in Rs 1.3-1.35 lakh crore on a monthly basis in the current fiscal despite pressures on the customs and excise fronts.
Uzbekistan wants to use Chabahar port to access Indian markets
A key central Asian market, Uzbekistan and India have an annual trade turnover of only $315 million as of 2021-22. But both nations have resolved to increase the bilateral trade to at least $1 billion over the next two years.
Exclusive | Govt may impose export controls on wheat by June
The sudden fall in wheat yields due to the heatwave across North India, and continuing bulk purchases by traders eyeing exports, have led to government procurement slowing down. If the situation persists, restrictions could become inevitable soon, say officials.
MC Exclusive: UGC to allow undergrads to do immersions with scientists, industrial R&D labs
An institutionalisation of research internship and immersions at under-graduation levels will play a key role in catalysing inter disciplinary research culture as envisaged in the new education policy, the UGC draft guidelines say. NEP 2020 has a provision that allows students to avail multiple entry and exit during a four-year degree course.
Exclusive | India to approach Russia for concessions on sunflower oil imports
Russia imposed a sunflower oil export quota of 1.5 million tonnes and banned shipments of sunflower seeds till August 31. Now, Indian importers have informed the government that higher export duties by Moscow from June may further increase costs and cripple cargoes.
New Development Bank seeks to co-finance trade infrastructure projects with India Exim Bank
The Shanghai-headquartered NDB has requested India Exim Bank to identify priority projects, especially ones including technological aspects, on which both can partner. Any prospective partnership will be the first time that Indian export finance authorities work together with China, considered a global competitor in the space.
Exclusive | EPFO interest rate credit likely to happen earlier than previous years
Crediting an interest rate of 8.1% earlier will also benefit EPFO’s financial health as the outgo will be less during PF claim settlements.
Shortages, volatility in markets more acute; global economic recovery losing pace: RBI Guv
The standing deposit facility (SDF) has been revised to 4.15 percent and marginal standing facility (MSF) to 4.65 percent, RBI Governor Shaktikanta Das said, adding that the "CPI inflation print for April is also expected to be elevated".
Indian Family Business Awards 2021: Radico Khaitan adjudged most Innovative, Disruptive & Transformational Business of the year
Radico Khaitan has emerged as a major bulk spirits supplier and bottler to other IMFL manufacturers. Four of the company's labels are currently in the coveted Millionaires' Club — the global ranking of spirit and liqueur brands with sales of 1 million 9-litre cases or more.
Indian Family Business Awards 2021 | Family businesses have given India's development stability, strength: Manoj Sinha
Saying that family businesses constituted 'Business enterprises with a human face that has maintained pace with India on the move,' Sinha said these businesses have maintained Indian culture and traditions, and have nurtured the country's economy since independence.
Explained | How India's plan to boost wheat exports can fall foul of WTO rules
As countries line up for Indian wheat amid a global shortage and high prices, international trade rules may cut short exports from the country.
