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Despite strongly objecting to the use of “Bharat” in the invitation letter from Rashtrapati Bhawan for the G20 Summit dinner, West Bengal Chief Minister Mamata Banerjee will be attending the event on Saturday night. Sources from the state cabinet said Banerjee has taken the decision to attend the dinner meet after consulting the leader of some of the other constituents of INDIA alliance, who also confirmed their presence at the event. “Another reason why the Chief Mini...
Mamata Banerjee to attend G20 Summit dinner
Domestic rating agency Crisil in its latest report has said that top Indian states' spending on social welfare is set to touch a 10-year high of Rs 4 lakh crore, or 1.7 per cent of their combined Gross State Domestic Product (GSDP), in the ongoing fiscal (FY24). After analysing budgets of top 11 states, which account for over three-fourths of the aggregate GSDP, it said the growth in social welfare schemes is expected to clock a 16 per cent jump in compounded annual growth rate between 20...
Top Indian states` spending on social welfare set to touch 10-year high of Rs 4 lakh crore in FY24: Crisil
Demonetisation hit them hard and local sales plummeted. Then the crackdown on cow slaughter affected the supply of raw material and now the National Green Tribunal (NGT) order on removing all polluting units along the Ganga river is sounding the death knell for leather industry in Kanpur. Amid what is said to be the biggest slump in the leather industry here, the tanners of Kanpur are moving to West Bengal, Bangladesh and to other greener pastures to stay afloat. The situation has been ...
Kanpur`s leather industry relocates to greener pastures in Bengal
The caution of utter financial mismanagement and blatant statistical jugglery to cover that up in the state finance of West Bengal has been cautioned by the economics related academic circles for quite some time. The same thing has been revealed in the latest report of the Comptroller and Auditor General (CAG). As per the CAG report, the instance of blatant jugglery has been witnessed in the attempt to project a lower revenue deficit through misclassification of revenue transactions under ...
Fiscal mismanagement, statistical jugglery mar West Bengal state finances
Ultratech Cement is currently trading at Rs. 8249.25, up by 27.75 points or 0.34% from its previous closing of Rs. 8221.50 on the BSE. The scrip opened at Rs. 8225.10 and has touched a high and low of Rs. 8348.60 and Rs. 8225.10 respectively. So far 3832 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8501.00 on 04-Jul-2023 and a 52 week low of Rs. 5684.20 on 14-Jul-2022. Last one week high and low of the scrip...
UltraTech Cement gains on commissioning 1.3 mtpa brownfield cement capacity at Sonar Bangla
Bandhan Bank is currently trading at Rs. 227.60, up by 2.70 points or 1.20% from its previous closing of Rs. 224.90 on the BSE. The scrip opened at Rs. 226.05 and has touched a high and low of Rs. 229.60 and Rs. 225.35 respectively. So far 260169 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 314.75 on 15-Sep-2022 and a 52 week low of Rs. 182.20 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Bandhan Bank gains as its total deposits rise 16.6% in Q1FY24
Indian Hotels Company is currently trading at Rs.392.20, up by 8.75 points or 2.28% from its previous closing of Rs. 383.45 on the BSE. The scrip opened at Rs. 384.40 and has touched a high and low of Rs. 392.25 and Rs. 384.20 respectively. So far 59232 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 405.20 on 19-Jun-2023 and a 52 week low of Rs. 220.50 on 01-Jul-2022. Last one week high and low of the scrip sto...
Indian Hotels Company moves up on signing Taj Ganga Kutir Resort & Spa in West Bengal
Godrej Properties is currently trading at Rs. 1514.15, up by 6.65 points or 0.44% from its previous closing of Rs. 1507.50 on the BSE. The scrip opened at Rs. 1513.25 and has touched a high and low of Rs. 1515.85 and Rs. 1505.00 respectively. So far 1451 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1530.75 on 01-Aug-2022 and a 52 week low of Rs. 1005.70 on 29-Mar-2023. Last one week high and low of the scrip ...
Godrej Properties gains on planning to acquire land for luxury residential project in Kolkata
West Bengal Governor C.V. Ananda Bose on Sunday said that Prime Minister Narendra Modi's monthly radio programme 'Mann Ki Baat' connects people from different sections of society similar to a rainbow. "This programme connects two minds by acting like a rainbow. But I will not call it 'Indradhanush'. Rather I will describe it as 'Narendra Dhanush'. Just as we all have to nurture and develop our physical health, there is also a necessity for developing mental...
`Mann Ki Baat` connect `minds` like a rainbow: Bengal Governor
In wake of the rising complaints of irregularities and the Centre holding back funds under the Pradhan Mantri Awas Yojana (PMAY), the West Bengal government has taken a decision to voluntarily conduct an audit of the implementation of the scheme in the state during the 2022-23 financial year. State government sources said the audit will be conducted in 345 blocks across West Bengal. "In order to make the process transparent, any CAG-approved audit entity will be entrusted to conduc...
West Bengal government to conduct audit to identify irregularities in PMAY scheme
Union Home Minister Amit Shah is likely to visit West Bengal again in May, sources said on Saturday. In all probability, the occasion will be on May 9 when the country will be celebrating the birth anniversary of Gurudev Rabindranath Tagore. Sources from the BJP state committee said that they have requested the minister to visit the state often. To which, the minister had expressed his desire to come to the state again on May 9 and attend the function celebrating Tagore's birthday. ...
Union Home Minister Amit Shah likely to visit Bengal again in May
Ethos is currently trading at Rs. 979.20, up by 15.10 points or 1.57% from its previous closing of Rs. 964.10 on the BSE. The scrip opened at Rs. 970.05 and has touched a high and low of Rs. 997.35 and Rs. 918.00 respectively. So far 4791 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1145.35 on 16-Aug-2022 and a 52 week low of Rs. 711.60 on 06-Jun-2022. Last one week high and low of the scrip stood at Rs. 997...
Ethos surges on launching first multi-brand boutique in Bhopal
BJP National President J.P. Nadda on Friday said that only the BJP can give good governance in Tamil Nadu and added that the party will strengthen its position in the state. He was speaking at a public function in Krishnagiri after inaugurating the new party office. Following this, he inaugurated nine other party district committee offices virtually. The BJP National President added that Tamil Nadu Chief Minister M.K. Stalin has appointed his son Udayanidhi Stalin as a minister and said...
Only BJP can provide good governance in Tamil Nadu: J.P. Nadda
Trinamool Congress is all set to corner the Centre in the upcoming Parliament session on several issues, including investments by SBI and LIC in private entities besides the recent hike in the cooking gas price. According to sources, the decision was taken at a closed-door meeting here on Wednesday evening. Chaired by West Bengal Chief Minister Mamata Banerjee, the meeting saw participation of party's national general secretary, Abhishek Banerjee and the party leaders in the Lok Sabha ...
Trinamool to raise LIC, SBI and cooking gas price hike issues in Parliament
* Currency Chest would help Cash Management for the branches and MSME customers * The Bank has a total of 1,757 banking outlets & serves more than 1 crore customers in the state of West Bengal * The Bank now has 182 bank branches in its Kolkata region Bandhan Bank announced the opening of its Mega Currency Chest in Kolkata. This currency che...
Bandhan Bank opens Mega Currency Chest in West Bengal
With West Bengal Finance Minister Chandrima Bhattacharya set to present state budget for the financial year 2023-24 this month, there are all indications that the state government might exceed its collections target under the "state excise" head as per the budget estimates for the financial year ending March 31, 2023. As per the budget estimates for fiscal ending March 31, 2023, the target for state excise collection was Rs 16,500 crore and as per records of the state excise depa...
Bengal government might exceed its excise collection target for 2022-23
With less than three months remaining for the current financial year to end, the West Bengal government is yet to spend almost 50 per cent of central funds for rural development works received by the state under the 15th Finance Commission allocation. As per records of the state government, for the current financial year of 2022-23, a total of Rs 4,848 crore of central funds for rural development was allocated under 15th Finance Commission for West Bengal. As on December 31, 2022, out o...
With current fiscal ending soon, 50% of rural development funds in Bengal remain unspent
West Bengal government is all set to end the current financial year of 2022-23 with a per capita debt of around Rs 59,000. The figure on this count is in sharp contrast to Rs 20,530 during the financial year of 2010-11, which was the last year of the 34-year Left Front rule in the state. As per the revised estimates in the last state budget, the accumulated debt for 2022-23 is expected to rise to 5.86 lakh crore up from Rs 5.28 lakh crore as on March 31, 2022. Again, this figure is i...
Bengal economy: Current fiscal to end with per capita debt of Rs 59K
Ringing in festive cheer over clinking glasses is the celebration of Christmas. Whether you like your tipple strong or with a twist, we've listed a few options for you to try and they also make for a great gift: Royal Ranthambore whiskey Inspired by the majestic tigers from the land of royalty, The Royal Crafted Rare Whisky is painstakingly crafted with various bespoke blended malt scotches from different geographical regions. The rare scotch grain is made from 100 percent malted ba...
In high spirits
Bandhan Bank is currently trading at Rs. 239.10, up by 0.45 points or 0.19% from its previous closing of Rs. 238.65 on the BSE. The scrip opened at Rs. 241.95 and has touched a high and low of Rs. 241.95 and Rs. 235.50 respectively. So far 501926 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 349.50 on 17-May-2022 and a 52 week low of Rs. 229.65 on 27-Dec-2021. Last one week high and low of the scrip stood at ...
Bandhan Bank surges on the BSE
Tata Power Company is currently trading at Rs. 222.25, up by 1.55 points or 0.70% from its previous closing of Rs. 220.70 on the BSE. The scrip opened at Rs. 221.05 and has touched a high and low of Rs. 223.00 and Rs. 221.05 respectively. So far 179604 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 298.00 on 07-Apr-2022 and a 52 week low of Rs. 190.00 on 20-Jun-2022. Last one week high and low of the scrip stoo...
Tata Power moves up as its arm launches off-grid solar solutions in West Bengal, Bihar and Jharkhand
Diwali, known as "the festival of lights" is celebrated with grandeur all over India. However, there are regional differences in the celebrations and rituals. In north India, this festival arrives at Dussehra. On Diwali night, which is regarded as lucky, people also gamble in Himachal Pradesh, Delhi, and Punjab. Sikhs do not traditionally celebrate Diwali in Punjab, but they participate in the festivities and light their homes with candles and diyas. On Diwali night, the gurdwara...
Diwali across the country
How will a deep-drafted port at Tajpur in West Bengal's East Midnapore district, impact Haldia Dock Complex (HDC) -- a port facility under Syama Prasad Mookerjee Port (SMP), Kolkata? The state cabinet has already cleared the issuance of a Letter of Intent (LOI) for development of a port at Tajpur to Adani Ports and Special Economic Zone (APSEZ) Ltd. It remains to be seen when APSEZ Ltd accepts the proposal. However, one thing is clear. A sustainable port facility at Tajpur will involve...
Tajpur Port will require huge investment to reach 12 metre draft
Adani Ports and Special Economic Zone is currently trading at Rs. 936.50, up by 3.95 points or 0.42% from its previous closing of Rs. 932.55 on the BSE. The scrip opened at Rs. 934.90 and has touched a high and low of Rs. 953.15 and Rs. 928.00 respectively. So far 198379 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 652.05 on 24-Feb-2022. Last one week high and lo...
Adani Ports surges on bagging Tajpur deep sea port project in West Bengal
Civil Aviation Minister Jyotiraditya Scindia said on Tuesday that the country will have 92-93 carbon-neutral airports by 2024. Scindia also said that the Aviation Ministry aims to achieve net zero emissions by 2030. Addressing the All India Management Association's national convention, the minister said, "Indian airports will not just achieve the net zero target by 2030, but will likely have over 400 million passengers by then," adding that the infrastructure on the ...
India to have 92-93 carbon-neutral airports by 2024: Jyotiraditya Scindia
Photovoltaic (PV) module manufacturer Vikram Solar Limited has bagged an order for 350 MW module supply from an US based independent power producer (IPP). The solar power project will be located in the state of Arizona in the US and the modules will be shipped from India, said a company official. According to the International Energy Agency, over the next 4-5 years the US has the potential of adding up to 20-25 GW of solar energy annually, said Gyanesh Chaudhary, Vice Chairman and Manag...
India`s Vikram Solar bags PV module order for 350 MW in US
The West Bengal government will soon handover a letter of intent (LoI) to Adani Port & SEZ Limited for setting up and developing a deep-sea port at Tajpur in East Midnapore district. The estimated cost of the project is Rs 25,000 crore. The state cabinet on Monday approved the proposal for issuing the LoI to Adani Ports and Special Economic Zone for development of the greenfield deep sea port. State municipal affairs & urban development minister and Kolkata Mayor, Firhad Hakim, ...
Bengal government to give letter of intent on Tajpur port development to Adani Group
Tata Metaliks is currently trading at Rs. 845.00, up by 32.75 points or 4.03% from its previous closing of Rs. 812.25 on the BSE. The scrip opened at Rs. 837.50 and has touched a high and low of Rs. 849.00 and Rs. 815.90 respectively. So far 7214 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1156.00 on 08-Oct-2021 and a 52 week low of Rs. 622.45 on 20-Jun-2022. Last one week high and low of the scrip stood at...
Tata Metaliks shines on inaugurating Phase-I expansion project of DI Pipe plant at Kharagpur
HDC Bulk Terminal Ltd (HBTL), a wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest integrated transport utility and part of the Adani Group, has signed the Concession Agreement with Syama Prasad Mookerjee Port, Kolkata for mechanization of Berth no. 2 at Haldia Port. This is in continuation to the selection of APSEZ as a successful bidder by SMPK earlier in February. "The mechanisation and upgradation of Haldia Bulk Terminal provides u...
Adani Ports to enhance capacity of Bengal`s Haldia dock
Owing to poor rain in major rice producing states like Uttar Pradesh, Bihar and West Bengal, the Centre on Thursday imposed 20 per cent duty on export of various grades of rice. According to a Finance Ministry notification, 20 per cent export duty on rice in husk, husked rice and milled rice has been imposed which would be applicable from September 9. The move would help rein in prices of rice across the country. The decision to impose 20 per cent export duty on rice comes after whea...
Government imposes 20% export duty on rice
The overall sown area of Kharif crops in the week ended August 18 has declined by 2.5 per cent as compared to last year, according to a Bank of Baroda report. "Overall sown area of Kharif crops continues to lag and has declined by 2.5 per cent compared to last year. Sown area of rice (8.3 per cent) and pulses (5.3 per cent) is much lower, in comparison with last year and needs to be watched," the report notes. "Within pulses, Arhar (7.2 per cent), Urad (5.1 per cent) and ...
Kharif crop sown area down by 2.5%: Report
Kalyan Chaubey, the BJP leader from West Bengal, is the unanimous choice of the 36 state football federations for the post of president of All India Football Federations (AIFF) while Congress leader N.A. Haris of Karnataka State Football Association and Kipa Ajay of Arunachal Football Association to get vice-president and treasurer posts respectively, sources in the know of things said. It seems that BJP and Congress have joined hands to run the AIFF as Kalyan Chaubey from BJP and ...
BJP's Kalyan Chaubey and Congress' NA Haris join hands to run AIFF
Don't get puzzled if you don't find aroma in your premium Darjeeling tea which you purchase from your neighbourhood shop or get delivered online. It might be inferior tea imported from Nepal and sold as premium Darjeeling tea. India imports a large quantity of tea from Nepal. In 2020-21, nearly 10.74 million kg of tea was imported from the Himalayan neighbours. However, a Parliamentary standing committee was informed that due to large volumes of inferior tea originating fro...
Inferior tea from Nepal sold, re-exported as premium Darjeeling variety
Meghalaya Chief Minister Conrad Sangma-headed GoM on online gaming, after deliberating on the issue for two days is likely to recommend 28 per cent GST on gross revenue from casinos and online gaming companies, sources said The GoM is likely to put forth its recommendation before the GST Council, when it meets next month. Sangma had tweeted about chairing a meeting with "the representatives of the Casino industry in Goa" on Sunday and with "stakeholders of the Turf Author...
GoM on online gaming likely to recommend 28% GST
Minister of Civil Aviation Jyotiraditya Scindia on Friday inaugurated the direct flight between Jabalpur in Madhya Pradesh and West Bengal capital Kolkata. Spicejet will be operating daily flights and deploy its Q400,78-seater turbo prop aircraft designed for shorter distance flights on the route. This new flight route is a part of 26 new domestic flights that SpiceJet is launching on Friday. Speaking on the occasion, Scindia said that there has been massive expansion in the air serv...
Jyotiraditya Scindia inaugurates direct flight between Jabalpur, Kolkata
West Bengal government has issued an order for all district magistrates to immediately start the process of infrastructure audit in all markets located in the rural belts of the state and submit a report to the state secretariat at the earliest. Upon receiving the reports from the district magistrates, the state micro, small and medium enterprises department will identify the areas of infrastructure in such markets that need improvement and take up the task accordingly. Sources from the...
Infrastructure audit of Bengal`s rural markets to start soon
In political rallies or administrative review meetings, the common talking point of West Bengal Chief Minister Mamata Banerjee is her claim of keeping social development projects, especially the ones related to women and farmers, alive. This is despite the huge unpaid dues by the Union government of the state's share in GST collections. The chief minister says that she is keeping these social development projects alive with the state's internal revenues. However, a recent Reserv...
RBI report contradicts Mamata`s claim on development spending
Kolkata : Further delighting its customers in the cultural capital of India, Honda Motorcycle and Scooter India (HMSI) today announced that its cumulative two-wheeler sales in West Bengal have now crossed the momentous 20 Lac units’ mark. Honda’s journey in achieving 20 lac loyal two-wheeler customers in West Bengal In 2001, HMSI began operations with its maiden two-wheeler Activa. It took Honda 17 years to delight its first 10-lac customers in the eastern sta...
Honda Motorcycle & Scooter India becomes First choice of 20 Lac families in West Bengal
BLS International Services is currently trading at Rs. 194.50, up by 2.45 points or 1.28% from its previous closing of Rs. 192.05 on the BSE. The scrip opened at Rs. 196.30 and has touched a high and low of Rs. 199.60 and Rs. 191.40 respectively. So far 52482 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 229.05 on 17-Jun-2022 and a 52 week low of Rs. 63.50 on 28-Jun-2021. Last one week high and low of the scri...
BLS International Services rises on inking pact with Directorate of Registration and Stamp Revenue in West Bengal
Yes Bank is currently trading at Rs. 12.83, up by 0.12 points or 0.94% from its previous closing of Rs. 12.71 on the BSE. The scrip opened at Rs. 12.79 and has touched a high and low of Rs. 13.00 and Rs. 12.72 respectively. So far 6008160 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 16.25 on 07-Apr-2022 and a 52 week low of Rs. 10.51 on 23-Aug-2021. Last one week high and low of the scrip stood at Rs. 13.23 a...
Yes Bank gains as its arm to expand footprint in more cities of West Bengal
WPIL is currently trading at Rs. 1075.00, up by 12.65 points or 1.19% from its previous closing of Rs. 1062.35 on the BSE. The scrip opened at Rs. 1084.00 and has touched a high and low of Rs. 1099.00 and Rs. 1075.00 respectively. So far 2711 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 1215.00 on 01-Jun-2022 and a 52 week low of Rs. 750.50 on 23-Aug-2021. Last one week high and low of the scrip stood at Rs....
WPIL rises on securing order of Rs 430.87 crore from Government of West Bengal
Adani Enterprises will be setting up a hyper-scale data centre at Bengal Silicon Valley in the New Town area in the northern outskirts of Kolkata, according to the West Bengal Commerce and Industries Minister Partha Chatterjee. "We have already allotted 51.75 acres of land for that purpose at Bengal Silicon Valley. The land is being allotted on the basis of a 99-year lease," he told media persons at the Assembly premises here on Monday. However, Chatterjee declined to comment ...
Adani Group to set up hyper-scale data centre near Kolkata
Serious concerns are being raised from various quarters on the trend of borrowing by the cash-strapped West Bengal government and the nature of using the borrowings. The first concern is the huge debt to gross state domestic product (GSDP) ratio in the state. As per the statistics of the state finance department and the latest CAG report, West Bengal's debt to GSDP ratio for the financial year of 2020-21 reached an alarming level of 37.05 per cent, up from 35.68 per cent in 2018-19. ...
West Bengal's fiscal health: Debt to GSDP ratio, past debt service matters of concern
Shares of Adani Group company Adani Enterprises rose nearly 5 per cent, a day after the group chairman and founder, Gautam Adani, proposed to invest Rs 10,000 crore in West Bengal in next few years. On Wednesday, he made this announcement while addressing the inaugural session of the Bengal Global Business Summit (BGBS)-2022, the annual event organised by the West Bengal government to showcase the state as an ideal investment destination. "This investment will be mainly in sectors ...
Adani Enterprises shares up nearly 5%, Co commits Rs 10k cr investment in Bengal
The Bengal Global Business Summit (BGBS)-- 2022 has attracted investment proposals worth Rs 3.42 lakh crore, according to the state Chief Minister, Mamata Banerjee. "The BGBS -- 2022 has attracted a total investment proposal worth Rs 3,42,375 crore, which is the highest among all the six editions of BGBS. In the past five editions of BGBS combined, our state received investment proposals worth Rs 12.5 lakh crore," Banerjee said on Thursday at the closing programme of the BGBS, an...
West Bengal has got investment proposals worth Rs 3.42L cr: CM Mamata Banerjee
Adani Group will invest an amount of around Rs 10,000 crore in West Bengal in the next few years, according to the group chairman and founder, Gautam Adani. He made this announcement while addressing the inaugural session of the Bengal Global Business Summit (BGBS)-2022, the annual event organised by the West Bengal government to showcase the state as an ideal investment destination. "We plan to make an investment to the tune of Rs 10,000 crore in West Bengal in the next few years....
Gautam Adani promises Rs 10,000 cr investment in West Bengal
Asian Tea & Exports is currently trading at Rs. 18.90, up by 0.69 points or 3.79% from its previous closing of Rs. 18.21 on the BSE. The scrip opened at Rs. 17.82 and has touched a high and low of Rs. 19.12 and Rs. 17.82 respectively. So far 89007 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.75 on 14-Dec-2021 and a 52 week low of Rs. 10.90 on 22-Apr-2021. Last one week high and low of the scrip stood ...
Asian Tea & Exports jumps on supplying one rake road of coal in West Bengal
In the midst of strong protests by the opposition BJP, West Bengal Finance Minister Chandrima Bhattacharya on Friday presented a populist Budget of Rs 3.21 lakh crore, proposing extension of the 2 per cent rebate on stamp duty and 10 per cent waiver on circle rate of land for another six months till September 2022, along with incentives for battery-operated and CNG vehicles and tax relief for the tea sector. The total Budget allocation for 2022-23 will see 3.8 times growth to Rs 3,21,030 c...
Bengal government tables Rs 3.21 lakh crore Budget for 2022-23
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