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Government likely to do heavy lifting, capex to increase

Government likely to do heavy lifting, capex to increase

Sun, Jan 21, 2024

India is a hugely infra-deficit country and heavy lifting in this regard is being done by the government which crowds in private investment.

As many as 299 mines identified as abandoned, discontinued, or closed so far: Government

As many as 299 mines identified as abandoned, discontinued, or closed so far: Government

Sat, Jan 13, 2024

The government said it has identified 299 mines as abandoned, discontinued, or closed so far and Coal India Ltd has taken proactive steps towards the closure of these mines.

Government closely monitors rice situation in domestic, and international markets on weekly basis

Government closely monitors rice situation in domestic, and international markets on weekly basis

Wed, Dec 20, 2023

Rice export from India was 22.24 million tonne in 2022, which accounts for 40.63 per cent of the world's rice exports.

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'Government's extension of anti-dumping duties is likely to be credit positive for Indian steel industry'

'Government's extension of anti-dumping duties is likely to be credit positive for Indian steel industry'

Fri, Feb 10, 2017

Moody's and Care Ratings have projected the Government of India's latest move to extend the anti-dumping duties for the next two months to be credit positive for Indian steel companies.

Aadhaar mandatory for receiving subsidised foodgrains from PDS shops from June

Aadhaar mandatory for receiving subsidised foodgrains from PDS shops from June

Thu, Feb 09, 2017

The Government of India on Thursday announced that people who have ration cards under the National Food Security Act need to undergo Aadhaar authentication process to receive further subsidies.

Government to allow deposits on one or more occasions in Garib Kalyan scheme

Government to allow deposits on one or more occasions in Garib Kalyan scheme

Tue, Feb 07, 2017

More than one deposit of undisclosed income can be deposited at the authorized banks. The deposit sum should not be less than 25% of declared undisclosed income.

Amazon seeks government's nod for e-retail of food products in India

Amazon seeks government's nod for e-retail of food products in India

Fri, Feb 03, 2017

The US-based e-commerce company Amazon has sought Goverment of India's nod for online retailing of food products produced and manufactured in India.

Government plans strategic sale of 3 public sector units, merger of 4

Government plans strategic sale of 3 public sector units, merger of 4

Fri, Feb 03, 2017

The Government of India is planning to exit its holding in three public sector units- Bharat Pumps & Compressors (BPCL), Bridge & Roof Co and Hindustan Fluorocarbons -- by selling its stake to strategic buyers.

Action taken against Amazon for sale of tricolour doormats: Govt

Action taken against Amazon for sale of tricolour doormats: Govt

Thu, Feb 02, 2017

The issue of tricolour doormats and slippers sold by online shopping portal Amazon had its echo in the Rajya Sabha today with members raising concern over the matter and the government saying that action has been taken and these have had their desired effect.

Budget 2017: E-commerce companies expect govt to announce policies for ease of funding, reduction in income tax, others

Budget 2017: E-commerce companies expect govt to announce policies for ease of funding, reduction in income tax, others

Tue, Jan 31, 2017

Find out what e-commerce companies expect from India's Union Budget 2017-18 which will be presented on February 1.

Pvt players to set up industries worth Rs 500 crore in Pondy: CM

Pvt players to set up industries worth Rs 500 crore in Pondy: CM

Sat, Jan 28, 2017

Puducherry Chief Minister V Narayanasamy today said 22 private entrepreneurs have come forward to set up industries in Puducherry and Karaikal regions in response to the industrial policy that was unveiled in the Assembly, last year.

Demonetisation: Government may offer second chance to deposit old notes of Rs 500 & Rs 1,000

Demonetisation: Government may offer second chance to deposit old notes of Rs 500 & Rs 1,000

Thu, Jan 26, 2017

The Government of India may give a second chance to citizens of the country to deposit old currency notes of Rs 500 and Rs 1,000.

Demonetisation may compel government to provide stimulus: India Ratings

Demonetisation may compel government to provide stimulus: India Ratings

Wed, Jan 25, 2017

Finance Minister Arun Jaitley in his Budget 2017 on February 1 may have to provide stimulus to the economy reeling under the 'Tsunami' of demonetisation, India Ratings and Research said on Wednesday.

India sugar output forecast to drop to lowest in seven years

India sugar output forecast to drop to lowest in seven years

Wed, Jan 25, 2017

India`s sugar production may fall to 21.3 million tonnes for the 2016/17 crop year, the lowest in seven years and 9 % lower than previously forecast, as drought has curtailed cane supplies in key producing states, a trade body said on Wednesday.

Government maintains 2016-17 sugar output at 22.5 million tonnes

Government maintains 2016-17 sugar output at 22.5 million tonnes

Tue, Jan 24, 2017

Government on Tuesday maintained the country's sugar production estimate at 22.5 million tonnes (MT) for this year, lower from the previous year, due to likely drop in output in Maharashtra and Karnataka.

Budget 2017: Government may announce incentives for gems & jewellery

Budget 2017: Government may announce incentives for gems & jewellery

Mon, Jan 23, 2017

The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget 2017 to promote growth of the industry.

Financial emergency response centre for cyber security in the offing: Top official

Financial emergency response centre for cyber security in the offing: Top official

Sat, Jan 21, 2017

In a bid to ensure cyber security and strengthen technology infrastructure, the central government is in the process of setting up a separate financial emergency response centre, a top official said today.

Government's CPSE ETF receives bids of approximately Rs 12,000 crore

Government's CPSE ETF receives bids of approximately Rs 12,000 crore

Fri, Jan 20, 2017

The further fund offer (FFO) of CPSE has received bids of approximately Rs 12,000 crore over two and half times the base issue size of Rs 4,500 crore.

Government spends Rs 3.09 per Rs 500 currency note: RTI

Government spends Rs 3.09 per Rs 500 currency note: RTI

Fri, Jan 20, 2017

RBI Deputy General Manager P. Wilson said in a written submission that the `selling price` is Rs 3,090 per thousand pieces of Rs 500 denomination new currency notes, or Rs 3.09 per note for the current year, 2016-2017.

Blockchain technology to move beyond bitcoins and cryptocurrencies

Blockchain technology to move beyond bitcoins and cryptocurrencies

Thu, Jan 19, 2017

Blockchain technology came about initially as a way to verify bitcoin transactions online and to enable two parties to transact business without having to know or trust each other.

Government seeks up to $2.2 billion dividend from Hindustan Zinc: Sources

Government seeks up to $2.2 billion dividend from Hindustan Zinc: Sources

Tue, Jan 17, 2017

India is seeking a dividend of up to $2.2 billion (nearly Rs 14,636.1 crore) from partly state-owned Hindustan Zinc Ltd (HZL), three people with knowledge of the matter said, as New Delhi targets a boom in the base metal to help shore up crumbling public finances.

Government mulls easing foreign direct investment norm for single brand retail

Tue, Jan 17, 2017

The government is considering allowing 100% FDI through automatic route in single brand retail to attract a larger number of global players in the sector.

Delivery of two A320neo planes to Air India delayed

Delivery of two A320neo planes to Air India delayed

Sun, Jan 15, 2017

The delivery of first two Airbus A320neo planes to Air India has been delayed by a month due to engine issues and the national carrier is now expected to induct these more fuel-efficient aircraft next month.

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