The Ministry of New and Renewable Energy will soon seek the Union Cabinet's approval for a mandate on the use of green hydrogen in different industries. As per the consumption mandate, various industries especially petroleum, steel and fertilizers, would be mandated to consume a certain proportion of green hydrogen. At present various industries use hydrogen [...]
Benchmark stock indices Sensex and Nifty closed lower on Thursday after three days of gains dragged mainly by selling in index majors Reliance Industries and HDFC Bank. The BSE Sensex pared early gains to settle 180.96 points or 0.28 per cent lower at 65,252.34. During the day, it hit a high of 65,913.77 and a [...]
After mutually resolving six trade disputes with the US at the World Trade Organization (WTO), New Delhi and Washington are now trying to engage in ending their last pending dispute over poultry products, a senior government official said on Thursday. In July, India and the US mutually resolved six trade disputes pending at the WTO, [...]
The Reserve Bank on Thursday enhanced the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200 to promote the use of UPI-Lite wallet in areas where internet connectivity is weak or not available. However, the total limit for offline transactions on a payment instrument remains Rs 2,000 at any [...]
Union Road Transport and Highways Minister Nitin Gadkari on Wednesday said he will unveil a 100 per cent ethanol-fueled variant of Toyota's Innova car on August 29. The Union minister, who has been exhorting automakers to come out with alternative fuel-powered and green vehicles, had last year launched a hydrogen-powered car, Toyota Mirai EV. "On [...]
Reserve Bank Governor Shaktikanta Das on Wednesday said the frequent food price spikes pose a risk to anchoring inflation expectations and called for timely supply-side measures to limit such shocks. Delivering the Lalit Doshi Memorial Lecture here, Das said vegetable price shocks are short-term in nature and the monetary policy can wait for the "dissipation" [...]
Reserve Bank Governor Shaktikanta Das on Wednesday termed the success of the Chandrayaan-3 mission as a historic moment that will give a huge boost to the country's space technology manufacturing sector. "A little while ago, we all witnessed history being made when the chief of ISRO proudly announced that India is now on the moon," [...]
An individual on Wednesday settled a case with markets regulator Sebi in relation to the alleged violation of insider trading norms in the matter of Himadri Speciality Chemical Ltd after paying Rs 26 lakh as settlement charges. The settlement order came after the applicant, Debashis Ghosh, proposed to settle the instant proceedings initiated against him [...]
The deadline for implementing an Aadhaar-based payment system as the only mode of payment to workers under National Rural Job Guarantee Scheme MGNREGS will not be extended beyond August 31, government sources said. The Union government in January this year made the use of an Aadhaar-based payment system (ABPS) mandatory for paying wages to those [...]
India, as current holder of the G20 Presidency, is "well positioned" to help advance a global discussion on AI issues, Microsoft Vice Chair & President Brad Smith has said advocating broader legal and regulatory frameworks for AI, and safety brakes in AI systems controlling critical infrastructure. Smith, who is on a visit to India and [...]
