New Delhi, Mar 30 (PTI) A majority of consumers worldwide expect their overall spending power to be significantly impacted by rising energy prices, while India tops the list where climate change policies have been cited as the main cause of the recent price rises, a global survey showed on Wednesday.The World Economic Forum-Ipsos survey also [...]
New Delhi, Mar 30 (PTI) The Union Cabinet on Wednesday approved a World Bank-assisted Rs 6,062 crore funding programme for the small and medium businesses to help improve their access to market and credit. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the Rs 6,062.45 crore or USD 808 [...]
New Delhi, Mar 30 (PTI) Union minister Nitin Gadkari, who has been pushing for the use of alternative fuel-powered vehicles, on Wednesday rode to Parliament in his new hydrogen-based electric car. Demonstrating the vehicle powered by 'green hydrogen' outside his residence here, Gadkari talked about the need to spread awareness about green Hydrogen, FCEV technology [...]
New Delhi, Mar 30 (PTI) The Union Cabinet on Wednesday extended the time limit for 10 power projects by 36 months to furnish documents required to become certified 'mega' projects so as to avail tax benefits and bid for tenders or supply of electricity. The extension of time period will enable developers to competitively bid [...]
New Delhi, Mar 30 (PTI) The revenue of gold jewellery retailers is likely to increase by 12-15 per cent in 2022-23 on steady demand and sustained high prices of gold, rating agency Crisil said on Wednesday. During 2021-22, revenue of gold jewellery retailers is expected to rise 20-22 per cent albeit on a lower base [...]
New Delhi, Mar 30 (PTI) Sterlite Power on Wednesday said it has received a letter of intent to set up an electricity transmission project in Jammu & Kashmir.The project has been awarded to Sterlite Power through a tariff-based competitive bidding process (TBCB), a company statement said.The leading power transmission developer has received the letter of [...]
The Sri Lankan government on Wednesday extended the nationwide daily power cuts from seven hours to 10 due to the non-availability of fuel to generate hydro-electricity. Sri Lanka is facing an unprecedented acute economic and energy crisis caused due to shortage of foreign exchange. A sudden rise in prices of key commodities and fuel shortage [...]
New Delhi, Mar 30 (PTI) The global macroeconomic uncertainties have increased due to the Russia-Ukraine war, but it is too early to predict its impact on the Indian economy, eminent economist Pinaki Chakraborty said on Wednesday.In an interview with PTI, Chakraborty said high-frequency data show that in many countries, inflation is higher than expected, there are supply [...]
The commerce ministry is studying the work of its three undertakings - MMTC, STC and PEC, and it will take appropriate steps to protect the national interest, Commerce and Industry Minister Piyush Goyal has said. On a question about whether the commerce ministry is planning to close these units, he said: "We are examining all [...]
Bhubaneswar, Mar 29 (PTI) Despite the adverse impact of COVID-19 and natural disasters, Odisha is expected to grow by over 10 per cent in the current fiscal, but the Russia-Ukraine conflict could hit the state's economy, according to a survey report tabled in the assembly on Tuesday.The Odisha Economy Survey Report 2021-22 said the state [...]
