Markets regulator Sebi has renewed recognition to AMC Repo Clearing Ltd as a clearing corporation for one year for the purpose of clearing and settling transactions in repo and reverse repo in the debt securities. The regulator has granted renewal of recognition for one year commencing on January 17, 2023 and ending on January 16, [...]
The economy is likely to log in a tepid 6 per cent growth next fiscal, in line with the consensus estimates, rating agency Crisil said on Thursday. The agency also sees the economy averaging a growth rate of 6.8 per cent over the next five fiscals. Crisil further said it expects the corporate revenue to [...]
Andhra Pradesh Finance Minister Buggana Rajendranath on Thursday tabled a Budget of Rs 2,79,279 crore for financial year 2023-24 in the Legislative Assembly here. Of the total budget, Rs 54,228 crore has been allocated for direct benefit schemes (DBT), which include YSR Pension Kanuka getting Rs 21,435 crore, YSR Rythu Bharosa (Rs 4,020 crore), Jagananna [...]
India's milk production rose 5 per cent in 2021-22 to 221.06 million tonnes, the government said on Wednesday. Minister of Fisheries, Animal Husbandry & Dairying Parshottam Rupala on Wednesday unveiled an annual publication 'Basic Animal Husbandry Statistics 2022'. The Minister congratulated Animal Husbandry's Statistics Division for coming out with this publication. He said the book [...]
As many as 92,683 entities have been recognised as startups by the Ministry of Commerce and Industry as on February 28 this year, Parliament was informed on Wednesday. These startups are eligible for availing tax and non-tax benefits under the Startup India initiative. The government, with an intent to build a strong ecosystem for nurturing [...]
India's edible oil imports rose 12 per cent year-on-year in February to 10.98 lakh tonnes on higher imports of crude palm oil, according to industry body SEA. In a statement, the Solvent Extractors' Association of India (SEA) on Wednesday said that edible oil imports rose to 10,98,475 tonnes in February from 9,83,608 tonnes in the [...]
Benchmark BSE Sensex trimmed all its early gains to close down by 344 points at a five-month low on Wednesday due to heavy selling in banking, financial and telecom stocks as lingering concerns over banks' health and high inflation dented sentiments. Besides, persistent foreign capital drain from the domestic market and the sliding rupee kept [...]
As many as 725 road projects of the total 1,801 ongoing projects are running behind the schedule across the country as of February 2023 due to protracted monsoon in many states and above-average rainfall in some states, Union minister Nitin Gadkari said on Wednesday. The Road Transport and Highways Minister in a written reply to [...]
India's exports dipped in February for the third consecutive month by 8.8 per cent to USD 33.88 billion against USD 37.15 billion in the same month last year, according to the data released by the commerce ministry on Wednesday. Imports also declined by 8.21 per cent to USD 51.31 billion as against USD 55.9 billion [...]
Uttarakhand finance minister Prem Chand Aggarwal on Wednesday presented the annual budget for the financial year 2023-24 in the state assembly here, announcing an increase in capital expenditure. Aggarwal presented the budget on the third day of the state assembly's ongoing budget session in Uttarakhand's summer capital Gairsain. The budget focuses on investment in the [...]
