In the run up to the global investors' summit in Lucknow, district authorities on Tuesday inked 64 memorandum of understandings (MOU) for investment worth Rs 1,743.57 crore. District Magistrate Mahendra Bahadur Singh after attending the Kheri investors and exporters' meet said, "64 MOUs executed on Tuesday intended to set up projects worth Rs 1,743.57 crore [...]
Benchmark indices Sensex and Nifty declined in early trade on Wednesday due to selling in financials, oil and IT stocks amid weak global trends. The 30-share BSE Sensex fell by 268 points or 0.44 per cent to 60,709.93 as 24 of its constituents declined. The index opened lower at 60,834.73 and dropped further to a [...]
The Punjab government is mulling to sell surplus coal generated from its captive mine in Jharkhand to private power producers, chief minister Bhagwant Mann said here on Tuesday. Mann said such a move will help reduce the cost of electricity for people in Punjab, and added that his government is in touch with the Union [...]
Amid outrage over a plan to give powers to its arm PIB to police fake news on social media, Union Minister Rajeev Chandrasekhar on Tuesday said that the government will next month hold discussions with stakeholders before the proposal is implemented. The minister said that the rules for regulating online gaming are expected to be [...]
After remaining stable for many weeks, the cost of borrowing for states inched up by 5 basis points to 7.64 per cent at Tuesday's auction when 15 of them raised Rs 25,700 crore from the market. The amount of debt raised today is a 13-week high and for the first time shows an annualised growth [...]
The finance ministry on Tuesday held a meeting with private sector lenders to review progress made by them under the flagship financial inclusion and social security schemes. "Dr. Vivek Joshi, Secretary DFS chaired a meeting today with the representatives of Private Sector Banks, Small Finance Banks and Payment Banks to review the progress made by [...]
Total toll collection through FASTag on fee plazas, including state highway toll plazas, increased 46 per cent to Rs 50,855 crore in 2022, state-owned NHAI said on Tuesday. Total toll collection through FASTag on fee plazas, including state highway toll plazas, in 2021 was Rs 34,778 crore. The average daily toll collection through FASTag on [...]
CropLife India, an industry body of 16 agro-chemcial companies, has demanded that the government should provide tax sops in the upcoming budget on expenditures incurred for research and development (R&D). CropLife India would like to urge the government to "retain a uniform basic customs duty of 10 per cent for both technical raw materials and [...]
The government should scrap the windfall profit tax on domestically produced crude oil as the levy is adversely impacting the capex-intensive exploration of oil and gas, the industry said in its recommendation for the forthcoming annual budget. India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super [...]
The Rajasthan government on Monday signed agreements for investment worth Rs 1.36 lakh crore in the state. The investment was committed under Invest Rajasthan, which was held in October last year. Agreements of 26 projects related to industires, energy, tourism and other sectors were signed at the chief minister's residence. Nearly 17,000 people will get [...]
