The comprehensive trade agreement between India and the UAE will help in creating huge job opportunities and boost growth of the domestic economy, Commerce and Industry Minister Piyush Goyal said on Friday. The bilateral pact, officially dubbed as the Comprehensive Economic Partnership Agreement (CEPA) is expected to increase the bilateral trade in goods to over [...]
The Indian Renewable Energy Development Agency on Friday said it is keen to promote more green energy projects in Odisha and has already sanctioned loans worth Rs 670 crore within one year of opening its branch in the state. The Indian Renewable Energy Development Agency (IREDA), a public sector non-banking financial institution, has been engaged [...]
The Asian Development Bank (ADB) has indicated that it will provide USD 2.5 billion in additional loans to Pakistan, including USD 1.5 billion before the end of this year, to help the cash-starved country which is in dire need of foreign assistance due to its depleting forex reserves and growing repayments and import financing requirements. [...]
Cash-strapped Pakistan's foreign exchange reserves have dropped to their lowest level since December 2019, owing to an increase in current account and trade deficits, higher external debt payments and dried dollar inflows, according to a media report on Friday. As per data from Pakistan's central bank, inflows clocked in at USD 16.4 billion in the [...]
India loses more people in road accidents than in a war, Union Minister General (retd) V K Singh said on Friday. Addressing an event organised by industry body Assocham, Singh said road safety is the most important issue which the government needs to tackle. "More than 1.35 lakh people lose their lives due to road [...]
US Ambassador to Sri Lanka has congratulated the newly-appointed Prime Minister of Sri Lanka Ranil Wickremesinghe and hoped that an inclusive government would be formed quickly to address the economic crisis and promote stability in the island nation. Wickremesinghe, 73, was sworn in as Sri Lanka's 26th prime minister on Thursday to stabilise the country's [...]
Maharashtra Energy Minister Nitin Raut on Thursday said there has been no load-shedding in the state for the last 22 days and attributed this to good work and right planning by his department. He appealed to consumers to pay their energy bills on time and avoid wastage of electricity. “There is a shortage of coal [...]
India's headline inflation galloped for a seventh straight month to touch an 8-year high of 7.79 per cent in April on rising food and fuel prices, raising the odds of an interest rate hike by the RBI early next month to tame prices. With factory output measured in terms of the Index of Industrial Production [...]
The Supreme Court Thursday directed the Enforcement Directorate (ED) to apprise about the progress made by it so far in the investigation of over 50 money laundering cases arising out of the coal block allocation scam. The top court, meanwhile, also permitted the anti-money laundering probe agency to relieve or repatriate four senior officers, monitoring [...]
Prices of home appliances and consumer electronics, including TV, washing machines, and refrigerators, are expected to go up by 3 to 5 per cent from May end or the first week of June as manufacturers pass on the impact of rising input costs to buyers, according to industry players. Moreover, the depreciating Indian rupee against [...]
