DTH players have approached the government to waive the 8 per cent licence fee imposed on them in line with a similar proposal for broadband services so that they remain competitive in the market, industry body DTH Association has said. The DTH body approached the Information and Broadcasting Ministry following a proposal under the consideration [...]
At least 59 per cent of the accelerated inflation is attributable to the impact of the geopolitical conflict triggered by the Russian invasion of Ukraine, economists at SBI said on Monday. In the face of the heightened inflation situation – the headline number touched nearly 7.8 per cent for April, and the RBI is set [...]
Omnipresent Robot Technologies has inked a pact with Gautam Buddha University and Skill Council of India to set up a drone excellence centre in Uttar Pradesh. The centre will have segments for drone pilot and operations training, drone data processing and analysis and app development, drone design and manufacturing, and drone testing and repair, according [...]
Cryptocurrencies can lead to "dollarisation" of a part of the economy which would be against India’s sovereign interest, top officials of the RBI have told a parliamentary panel, according to sources. Briefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, top officials of the RBI, including its [...]
Telecom Minister Ashwini Vaishnaw on Saturday said legal backing for Right of Way (RoW) will be in place by December, and launched the GatiShakti Sanchar portal that will centralise and speed up approvals for laying of fibre and tower installations, as the country gears up for 5G roll-out. The GatiShakti Sanchar portal will facilitate centralised [...]
The government's decision to ban wheat exports will help in crushing attempts by certain foreign players to hoard Indian wheat for price manipulation in global markets, according to sources. With this move, they said, India wants to ensure fair and proper use of its wheat stocks to address global needs, particularly of the most needy [...]
India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to official notification. However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) said in [...]
Targeting previous Congress governments, Prime Minister Narendra Modi on Friday said the Information Technology revolution could not be encashed earlier as the youth were not given encouragement, and an entire decade was wasted due to scams and policy paralysis. Because of the well thought out strategy of his government, the number of start-ups in India [...]
Retail businesses across India grew 23 per cent in April this year in terms of sales as compared to pre-pandemic levels of the same month in 2019 with customers coming back to stores, as per industry body RAI. According to the latest survey by Retailers Association of India (RAI), retail businesses across regions grew in [...]
Equity benchmarks capitulated in fag-end trade on Friday to post their sixth straight session of loss as investors fled for safety amid dismal macroeconomic data and persistent selling by foreign investors. Building on a firm start, the 30-share BSE Sensex rallied over 800 points in afternoon trade but buckled under intense selling pressure to finish [...]
