Public-private partnership in port infrastructure has been an important source of investment in the sector and the Ministry of Ports, Shipping and Waterways (MoPSW) has a pipeline of 44 projects for total investment of Rs 22,900 crore till 2024-25, Union Minister Sarbananda Sonowal said on Tuesday. Moreover, the government is working on the guidelines for [...]
Payments through the Unified Payments Interface (UPI) touched a record high of Rs 12.82 lakh crore in December. During the month, 782 crore transactions in volume terms were done on the platform, which was launched in 2016. "UPI has made major contribution in ushering digital payment revolution in the country. In December 2022, UPI has [...]
Equity benchmarks declined in early trade on Tuesday amid mixed trends in Asian markets and continuous foreign fund outflows. The 30-share BSE Sensex went lower by 159.01 points to 61,008.78. The broader NSE Nifty dipped 47.65 points to 18,149.80. From the Sensex pack, Reliance Industries, Bharti Airtel, Hindustan Unilever, ITC, Mahindra & Mahindra, Tata Steel, [...]
The RBI on Monday said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions which are 'too big to fail'. SIBs are perceived as banks that are 'too big to fail (TBTF)'. This perception of TBTF creates an expectation of government support [...]
The Centre on Monday said an additional 19 first mile connectivity projects of state-owned CIL and SCCL will be implemented by 2026-27. First mile connectivity refers to the transportation of coal from pitheads to dispatch points. "The Ministry of Coal will be taking up additional 19 First Mile Connectivity (FMC) projects for Coal India Ltd [...]
The Indian economy recovered from the COVID-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and elevated inflation will continue. The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds [...]
Equity benchmarks started the first day of trade of the New Year on a positive note and ended with smart gains, propelled by buying in index majors Reliance Industries and ICICI Bank amid a firm trend in European markets. The 30-share BSE Sensex climbed 327.05 points or 0.54 per cent to settle at 61,167.79 on [...]
The Goods and service tax (GST) collections in Himachal Pradesh increased by 25 per cent to Rs 4,052 crore till December this fiscal from Rs 3,172 crore in the year-ago period, an official spokesperson said here on Monday. In a release issued here, he said that the State Taxes and Excise Department collected Rs 341 [...]
Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public. The value of the currency in circulation (or public holding of cash) stood at Rs 32.42 lakh crore as on December 23, [...]
Unemployment rate in the country has zoomed to a high of 8.3 per cent in December, the highest in 2022, according to data from Centre for Monitoring Indian Economy (CMIE). The unemployment rate during November was at 8 per cent, while in September it was the lowest at 6.43 per cent and was at the [...]
