Domestic cable and wire industry has urged the government to introduce strict laws to discourage the use of counterfeit electrical products by real estate developers. In the last decade, deaths due to electrocution have increased in the country. During a fire outbreak, smoke inhalation kills more people than the fire itself, R R Kabel Managing [...]
Capital markets regulator Sebi has proposed allowing mutual funds to introduce five new categories under ESG (environmental, social and governance) scheme. The five new categories should be exclusions, integration, best-in-class and positive screening, impact investing and sustainable objectives. Presently, mutual funds can launch only one ESG scheme under the thematic category of equity schemes. Considering [...]
Foreign direct investment (FDI) into India declined by 15 per cent to USD 36.75 billion during the April-December this fiscal, according to the latest Department for Promotion of Industry and Internal Trade data. The FDI inflows stood at USD 43.17 billion during the corresponding period of the previous year. The total FDI inflows, which includes [...]
Benchmark Sensex plunged by 927 points to close at a three-week low while the broader Nifty settled at a four-month low on Wednesday amid weak global trends as investors braced for the release of the Federal Open Market Committee minutes later in the day. Falling for the fourth day in a row, the BSE Sensex [...]
The Uttar Pradesh government on Wednesday presented the budget FY24 with an aim to lay the foundation for a self-reliant Uttar Pradesh and focus on the all-around development of the state for making it a USD 1 trillion economy. The budget of Rs 6,90,242.43 crore for FY24 was the biggest in the state's history. "This [...]
The Uttar Pradesh government on Wednesday proposed Rs 750 crore for maintenance of stray cattle and allocated Rs 120 crore for establishment of cow protection centres. The state Budget for 2023-24 also proposed 17,000 'Kisan Pathshalas' and allocated funds for subsidised electricity supply to private tube wells and agriculture universities. Out of 187 proposed cow [...]
Leading stock exchange NSE has decided to extend the trading hours for interest rate derivatives contracts till 5 pm from Thursday onwards. At present, the contracts are traded between 9 am and 3:30 pm. The change in timing is aimed at converging it with underlying market timings, the National Stock Exchange (NSE) said in a [...]
The Uttar Pradesh government on Wednesday presented a Rs 6,90,242.43 crore Budget, including new schemes worth Rs 32,721.96 crore, for the financial year 2023-24. The total receipt is estimated at Rs 6,83,292.74 crore, which includes revenue receipts of Rs 5,70,865.66 crore and capital receipts of Rs 11,247.08 crore, Uttar Pradesh Finance Minister Suresh Kumar Khanna [...]
Stock market benchmark indices fell in initial trade on Wednesday tracking weak global trends ahead of the release of minutes of the Federal Open Market Committee (FOMC) meeting. The BSE Sensex fell 329.12 points to 60,343.60 after a weak beginning. The NSE Nifty declined 97.3 points to 17,729.40. From the Sensex pack, IndusInd Bank, Wipro, [...]
Indians are spending nearly USD 1 billion every month on foreign travel which is significantly more than the pre-Covid levels, reveals Reserve Bank data on outward remittances. During the April-December period of 2022-23, the outward remittances under the Liberalised Remittance Scheme (LRS) for resident individuals towards 'travel' was USD 9.95 billion. The corresponding spending on [...]
