The Federation of Hotel & Restaurant Associations of India has suggested various measures and sought the government's intervention for the revival and growth of the hospitality industry. The recommendations include making tourism a priority sector, according infrastructure status to hospitality industry, ensure better credit facilities, subsidies and incentives, rationalisation of GST, continuation of EPCG scheme, [...]
A senior official of the Indian Council of Agricultural Research (ICAR) on Tuesday called for stopping the industrial use of edible oils while pointing out that the paints industry consumes 23 per cent of the country's edible oil. Speaking with PTI, ICAR Assistant Director General (Oilseeds and Pulses) Dr Sanjeev Gupta on Tuesday said, "It [...]
The government has completed transactions worth Rs 1 lakh crore under the National Monetisation Pipeline (NMP) in 2021-22, surpassing the ambitious programme's first-year target of Rs 88,000 crore, Niti Aayog CEO Amitabh Kant said on Tuesday. Addressing an event organised by Public Affairs Forum of India (PAFI), Kant said India needs to fire on all [...]
India's steel exports are expected to remain strong in the coming months as higher prices and regional demand would drive the steel companies to divert part of their output to exports, according to Moody's Investors Service. In its report 'Steel – Asia Pacific: Higher raw material costs reduce benefit of steel price gains amid Ukraine [...]
The value of foreign portfolio investors' (FPI) holdings in domestic equities reached USD 612 billion in the March quarter, down 6 per cent from the preceding quarter, according to a Morningstar report. This was largely on the back of a massive sell-off by foreign investors and correction in the Indian equity markets. At the end [...]
Making a strong case for reduction in taxes on petrol and diesel, CII President Sanjiv Bajaj on Tuesday said it should be done in a collaborative manner between the Centre and states with a view to containing the rising inflation. In an interview to PTI, he said taxes on petrol and diesel were increased by [...]
The CBI has registered a fresh case against Lok Sabha MP Karti Chidambaram to probe an 11-year-old allegation of facilitating visas of 250 Chinese nationals after receiving illegal gratification of Rs 50 lakh in 2011 when his father P Chidambaram was the Union home minister, officials said on Tuesday. After registering the case, the CBI [...]
Wholesale price-based inflation spiked to a record high of 15.08 per cent in April on rising prices across segments from food to commodities. The WPI-based inflation was 14.55 per cent in March and 10.74 per cent in April last year. "The high rate of inflation in April 2022 was primarily due to rise in prices [...]
Prime Minister Narendra Modi on Tuesday inaugurated the country's first 5G testbed to enable startups and industry players to test and validate their products locally and reduce dependence on foreign facilities. The testbed has been set up at a cost of around Rs 220 crore. Speaking at the silver jubilee celebrations of the Telecom Regulatory [...]
The US hopes India will “reconsider” its decision to ban wheat exports, with Washington “encouraging" countries not to restrict exports as that will exacerbate food shortages, amidst Russia's invasion of Ukraine. India, the world's second-biggest wheat producer, has banned wheat exports in a bid to check high domestic prices amid concerns of wheat output being [...]
