by PTI News | Apr 29, 2022 | 3:53 pm | Economy, News
Mumbai, Apr 29 (PTI) Bank credit is likely to grow at a four-year high of 11-12 per cent in fiscal 2023, on the back of better economic growth and budgetary support from the government, according to a report.In the fiscal ended March 2022, bank advances have likely grown at 9-10 per cent."Healthy economic growth and [...]
by PTI News | Apr 29, 2022 | 3:41 pm | Economy, News
New Delhi, Apr 29 (PTI) The lack of coordination amongst ministries of coal, railways and power is responsible for coal shortage which caused power outages across the country, the All India Power Engineers Federation (AIPEF) claimed on Friday. "The power outages across the country due to coal shortage are due to the lack of coordination [...]
by PTI News | Apr 29, 2022 | 2:17 pm | Economy, News
The government expects to grant approvals to electronic chip makers in the next 6-8 months as it looks to encourage domestic manufacturing of semiconductors, union minister Ashwini Vaishnaw said on Friday. Speaking at the Semicon India-2022 conference here, Vaishnaw said it will be done in "the next 6-8 months". Minister of state for electronics and [...]
by PTI News | Apr 29, 2022 | 1:57 pm | Economy, News
Bengaluru, Apr 29 (PTI) Union Minister Ashwini Vaishnaw on Friday said the country is already manufacturing electronic goods worth USD 76 billion and is on the way to reaching USD 300 billion. He also said developing a semiconductor industry is not a sprint but a marathon and that the government is for it. "We are [...]
by PTI News | Apr 29, 2022 | 11:54 am | Economy, News
New Delhi, Apr 29 (PTI) The government may not auction spectrum frequency range between 27.5-28.5 gigahertz and leave it for satellite services, according to official sources. The Telecom Regulatory Authority of India (Trai) had recommended a base price for this frequency range and suggested that it can be used for both mobile as well as [...]
by PTI News | Apr 29, 2022 | 11:07 am | Economy, News
Colombo, Apr 29 (PTI) A delegation of the ruling SLPP coalition dissidents representing the former President Maithripala Sirisena-led SLFP, has met the Indian High Commissioner in Sri Lanka Gopal Baglay and briefed him on the current political impasse in the country and plans for an interim government arrangement to address the worst economic meltdown.Sri Lanka [...]
by PTI News | Apr 28, 2022 | 10:39 pm | Economy, News
Washington, Apr 28 (PTI) More than 55 countries have launched a declaration for the future of the internet, the White House said on Thursday, adding that the doors are still open for countries like India which have not joined it.The Declaration for the Future of the Internet is in part a response to a rising [...]
by PTI News | Apr 28, 2022 | 10:24 pm | Economy, News
Islamabad, Apr 28 (PTI) Pakistan's top Islamic court on Thursday declared the prevailing interest-based banking system as against the Sharia law and directed the government to replace it with an interest-free system by the end of 2027.Announcing the verdict in a long-pending case on Riba (interest), the Federal Shariat Court (FSC) directed the government to [...]
by PTI News | Apr 28, 2022 | 7:35 pm | Economy, News
New Delhi, Apr 28 (PTI) Citing high inflation, the Federation of Hotel and Restaurant Associations of India on Thursday appealed to the GST Council to rationalise the GST rates for the hospitality sector. FHRAI has also asked the government to consider simplification of goods and services tax (GST) rules to enable the establishments falling under [...]
by PTI News | Apr 28, 2022 | 7:29 pm | Economy, News
New Delhi, Apr 28 (PTI) Renewable energy has come to the rescue during the ongoing power crisis triggered by surging demand amid the heat wave condition in the country, especially when the peak electricity supply hit the record level of 201.06 GW earlier this week, a senior official said on Thursday. The maximum pan-India power [...]
