Prime Minister Narendra Modi on Friday met several prominent economists as his government gets ready to present the Union Budget for 2023-24 amid global headwinds emanating from geopolitical tensions, said sources. Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget in the Lok Sabha on February 1. The minister has already met different [...]
Despite reduced offerings for all categories of tea, a marginal increase in total demand was in evidence during Sale-02, a Calcutta Tea Traders Association (CTTA) official said here on Friday. The current auction was held on January 10, 11 and 13. The market witnessed a mixed note. CTC leaf and Orthodox met with increased demand [...]
The Centre has asked state governments to address the gaps that still exist in the fishery sector in their upcoming annual plans by prioritising the value chain. This was communicated to state fisheries department officials at a workshop organised recently to formulate strategies for annual action plans for 2023-23 and 2024-25, an official statement said. [...]
Commerce and Industry Minister Piyush Goyal on Friday pitched for increasing efforts at the World Trade Organisation (WTO) for getting patent waivers for diagnostics and therapeutics used to deal with the Covid-19 pandemic. In June last year, members of the WTO agreed to grant a temporary patent waiver for the manufacturing of COVID-19 vaccines for [...]
Capital markets regulator Sebi on Friday allowed investment managers of investment vehicles -- REITs and InvITs-- to conduct meetings of unitholders through video conferencing and other audio-visual means. The move would allow maximum participation of unitholders in the decision-making process and help in better governance. Under the rules, an annual meeting of all unitholders of [...]
India will likely see an investment of USD 58 billion in finding and producing oil and gas resources in 2023, Oil Minister Hardeep Singh Puri said on Friday, adding global energy majors Chevron Corp, ExxonMobil and TotalEnergies are keen to invest. India, the world's third biggest oil-consuming and importing nation, is looking to raise domestic [...]
A vast majority of the business leaders believe that the Production Linked Incentive (PLI) schemes have been beneficial and expect an extension to other sectors in the coming years, a Deloitte Survey said on Friday. An overwhelming number of survey respondents hope the budget will fuel growth across industries by building strong domestic demand and [...]
Benchmark Sensex and Nifty bounced back on Friday after a three-day decline following buying in index major Infosys and Tata Consultancy Services amid a firm trend in global equities. The 30-share BSE Sensex gained 303.15 points or 0.51 per cent to settle at 60,261.18. During the day, it jumped 460.23 points or 0.76 per cent [...]
Union Minister Hardeep Singh Puri on Friday asked automobile manufacturers to move from the prototype stage and start introducing green vehicles in the market, saying the time has come for biofuels and other clean energy technologies. In his address at a symposium here at the Auto Expo 2023, the Minister of Petroleum and Natural Gas [...]
A 12-kilometer long tunnel connected to the Tapovan Vishnugad hydroelectric project is 1 kilometers away from Joshimath town and at least a kilometer below the ground, state-owned NTPC has told the power ministry explaining its project has no role in the subsidence of the region. An apparent sinking of land is being blamed for cracks [...]
