Agreements have been signed with 26 companies for 54 applications under the production linked incentive (PLI) for specialty steel, Union Steel Minister Jyotiraditya M Scindia said on Thursday. The minister made the remarks at the Global Zinc Summit 2023 in the national capital where he also urged the stakeholders to explore investment opportunities in India. [...]
The government has cut windfall profit tax on export of diesel and ATF to their lowest while also reducing the levy on domestically-produced crude in line with softening international oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut [...]
Equity benchmark indices started the trade on a positive note on Thursday mirroring a rally in the global markets and continuous foreign fund inflows. The BSE Sensex climbed 379.15 points to 61,654.24 after a firm start. The NSE Nifty advanced 108.25 points to 18,124.10. All the Sensex firms were trading in the green in initial [...]
Ahead of panchayat elections, the Mamata Banerjee-led West Bengal government on Wednesday presented a Rs 3.39-lakh crore budget for 2023-24, focusing on farmers, an ailing tea sector, the state’s potential as a logistics hub and budding entrepreneurs. Finance Minister Chandrima Bhattacharya said the state GDP is projected to grow at 8.4 per cent and the [...]
The cash-strapped Pakistan government on Wednesday introduced a money bill in parliament to raise Rs 170 billion in taxes by June this year as part of conditions by the IMF to get the next tranche of an already agreed loan. Finance Minister Ishaq Dar presented the Finance (Supplementary) Bill, 2023, in the National Assembly -- [...]
The union Cabinet on Wednesday approved setting up of 2 lakh new Primary Agriculture Credit Societies (PACS) and dairy-fishery cooperatives in uncovered villages and panchayats over the next five years to strengthen cooperative movement in the country. At present, there are around 63,000 functional PACS out of nearly 99,000 PACS across the country. There are [...]
Finance minister Nirmala Sitharaman on Wednesday said that the effort of the government over the years has been to increase public expenditure with a view to promote growth. Speaking at the Post-Budget interactive session with the members of the industry chamber PHDCCI, the minister said that the government in the 2023-24 budget increased the capital [...]
India's exports in January dipped by 6.58 per cent to USD 32.91 billion, as against USD 35.23 billion in the same month last year, according to the data released by the commerce ministry on Wednesday. Trade deficit in January stood at USD 17.75 billion. Imports in January also declined by 3.63 per cent to USD [...]
Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday amid mixed trends in global markets as investors remained cautious awaiting cues on the interest rate trajectory in the US. BSE Sensex slumped 225.95 points or 0.37 per cent to 60,806.31 points while NSE Nifty dropped 54.50 points to 17,875.35 points. Except for [...]
The green bonds floated by the Indore Municipal Corporation (IMC) as a public issue for setting up solar power plants has received a overwhelming response from investors and attracted a subscription of around Rs 721 crore. This amount is almost six times more than the base price of the issue of Rs 122 crore, IMC [...]
