The conflict between Russia and Ukraine is expected to hit "badly" the Indian economy and the trade to a significant extent, domestic traders' body CAIT said on Friday. The Confederation of All India Traders (CAIT) said the impact will jeopardise efforts to recover the domestic trade from the COVID-19 pandemic. The expected rise in crude [...]
Hyderabad, Feb 25 (PTI) The pharmaceutical sector in the country can grow to USD 130 billion by 2030, industry captains said on Friday. Several industry leaders participated in the 'CEOs Conclave' as part of 'BioAsia 2022', the Telangana government's flagship annual life sciences convention, that concluded on Friday. "I think USD 130 billion by 2030 [...]
Kathmandu, Feb 25 (PTI) Nepal and India have agreed to form a Joint Hydro Development Committee to further explore the development of viable hydropower projects in the Himalayan nation with a focus on storage, it was announced here on Friday. The two sides have reached an agreement during the 9th meeting of the Nepal-India Joint [...]
Mumbai, Feb 25 (PTI) Domestic petrol and diesel prices are lagging by up to Rs 8 per litre in the absence of any hike in the prices to reflect the changes globally, since the announcement of state elections in December last year, domestic rating agency ICRA said in a report on Friday. The estimated lag [...]
Kolkata, Feb 25 (PTI) Shipping liners have stopped booking export cargo destined for Russian and Ukrainian ports, officials said on Friday.Russia is the topmost destination for India’s engineering exports in the Commonwealth of Independent States (CIS) region.“Many shipping liners stopped supplying containers and taking bookings for Russian ports due to geopolitical uncertainty. MSC which is [...]
New Delhi, Feb 25 (PTI) To tide over the challenges to meet business-related expenses by MSMEs, Union Bank of India and the National Payments Corporation of India (NPCI) have jointly launched a credit card for the borrowers, offering interest-free credit for up to 50 days. The 'Union MSME RuPay Credit Card' is a new digital [...]
Nagpur, Feb 25 (PTI) The payment of gas subsidy by state-run oil marketing companies (OMCs) has plummeted to Rs 2,706 crore for the first nine months of FY22, from Rs 37,585 crore in FY19, an RTI query has revealed. The query was filed by Nagpur resident Abhay Kolarkar, who sought information from the Ministry of [...]
New Delhi, Feb 25 (PTI) The commerce ministry on Friday said it has set up a help desk to support and resolve issues of traders on account of the conflict between Russia and Ukraine. Export-import communities can submit details of their issues on the DGFT website, on which support is required. In view of the [...]
Bhubaneswar, Feb 25 (PTI) Union Steel Minister RCP Singh said on Friday that the government was promoting research on using plastic waste in steel-making to create an environment-friendly "waste-to-wealth" model. Singh inaugurated a two-day conference of ministers of mines and industries from states at Konark in Odisha, according to an official release. During the nearly [...]
New Delhi, Feb 25 (PTI) Union Steel Minister Ram Chandra Prasad Singh on Friday said research to use plastic waste in steel making is being done by various companies. Singh also emphasised on Prime Minister Narendra Modi's vision of creating wealth from waste. He was speaking during a two-day Conference of Ministers of Mines and [...]
