Category: Economy
Maharashtra govt to waive Rs 48,000 crore pending farm power dues: Devendra Fadnavis
Mumbai: Maharashtra Chief Minister Devendra Fadnavis has announced that the state government will waive around Rs 48,000 crore in pending electricity dues of farmers to…
India’s direct tax body notifies Cost Inflation Index for this fiscal year
India‘s direct tax body has notified the Cost Inflation Index (CII), a tool to measure the rise in cost due to inflation, for fiscal year…
India, EU strengthen strategic partnership at 3rd TTC; announce cooperation in AI, semiconductors, clean technologies
Brussels: India and the European Union on Wednesday reaffirmed their commitment to strengthen strategic cooperation in trade, technology and security at the third meeting of…
Cabinet clears Rs 1.9 Lakh crore push for chip, mobile phone manufacturing
New Delhi: The Union Cabinet on Wednesday approved the ₹1.27 lakh crore second phase of the India Semiconductor Mission (ISM) and a new ₹62,500 crore…
Attacks on seafarers hit hiring, raise costs for shipping companies
New Delhi: Attacks on commercial vessels that have claimed the lives of Indian seafarers are hurting recruitment and increasing costs for shipping companies, according to…
Cabinet approves ₹24,000-crore highway projects in Varanasi to ease congestion
New Delhi: The Union Cabinet on Wednesday approved national highway projects worth more than ₹24,000 crore in Varanasi to ease congestion in the temple town….
RBI pushes banks, NBFCs to own data risks across third parties
MUMBAI: The Reserve Bank of India (RBI) has proposed stricter governance standards for data shared with third-party service providers, requiring regulated entities to ensure that…
India, EU hopeful of investment protection pact before year-end
New Delhi: India and the European Union Wednesday said they are hopeful of concluding an investment protection agreement before the end of this year. Commerce…
Softer inflation trips rate hike forecasts, RBI hold more likely
MUMBAI: A softer-than-expected inflation trajectory in the first quarter has prompted economists to forecast a pause in rate action by the Reserve Bank of India…
Russian firms seeking more gasoline from India
New Delhi: Top Russian energy companies have approached Indian refiners for more gasoline after Ukrainian strikes knocked out a significant portion of Russia’s refining capacity,…