News

Government targets 100 pc ownership by women under PMAY-G scheme About 74 per cent of Pradhan Mantri Awas Yojana–Gramin (PMAY-G) houses are owned by women, and the scheme now aspires to provide 100 per cent ownership to women, the government said on Wednesday.  Skilled employment has also been a priority, with almost three lakh rural masons trained in disaster-resilient construction, boosting their employability, said the Ministry of Rural Development, as it celebrated ‘Awaas Diwas 2024’, the 8th anniversary of the PMAY-G scheme. ...
Government targets 100 pc ownership by women under PMAY-G scheme
Government targets 100 pc ownership by women under PMAY-G scheme
Source: IANS
2024-11-21 09:18:10 am
Government needs to increase healthcare expenditure in India: Former RBI governor Former Reserve Bank of India (RBI) governor C Rangarajan has said that India's healthcare expenditure is currently less than 2 per cent of its Gross Domestic Product (GDP) and the governments must urgently increase it. He stressed on the importance of ensuring efficient fund utilisation before increasing healthcare spending. Rangarajan said ‘in India, there is a consistent discussion on raising healthcare expenditure to at least 2.8 per cent of the GDP. However, current data indi...
Government needs to increase healthcare expenditure in India: Former RBI governor
Government needs to increase healthcare expenditure in India: Former RBI governor
Source: Accord Fintech
2024-11-18 11:28:43 am
Centre launches campaign for assessment year 2024-25 to help taxpayers In a bid to help taxpayers, the government on Saturday launched a compliance-cum-awareness campaign for the assessment year (AY) 2024-25.  The campaign by the Central Board of Direct Taxes (CBDT) will assist taxpayers in accurately completing Schedule Foreign Assets (Schedule FA) and reporting income from foreign sources (Schedule FSI) in their income tax returns (ITR). According to the Ministry of Finance, compliance with Schedule FA and FSI is mandatory under the Black Money (Und...
Centre launches campaign for assessment year 2024-25 to help taxpayers
Centre launches campaign for assessment year 2024-25 to help taxpayers
Source: IANS
2024-11-16 05:03:44 pm
Government to expand oil exploration area to 1 million sq km by 2030: Hardeep Puri Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Friday said that the government aims to expand the country’s oil exploration acreage to 1 million sq km by 2030 to further bolster India’s energy security.   Addressing the GEO India 24 conference here, Puri said the government has reduced "No-Go" areas in the Exclusive Economic Zone (EEZ) by almost 99 per cent, opening up vast new areas for oil and gas exploration. The minister pointed out that wh...
Government to expand oil exploration area to 1 million sq km by 2030: Hardeep Puri
Government to expand oil exploration area to 1 million sq km by 2030: Hardeep Puri
Source: IANS
2024-11-15 05:42:06 pm
Government`s PAIR programme to boost research, innovation in higher education The Union Government-led Anusandhan National Research Foundation (ANRF) has launched the Partnerships for Accelerated Innovation and Research (PAIR) programme to enhance quality research-oriented higher education in the country.  In line with ANRF, operationalised in September, the PAIR programme aims to bring major transformation in Indian Universities. While being aligned with the objectives set by the National Education Policy (NEP) 2020, the PAIR programme will cultivate resear...
Government`s PAIR programme to boost research, innovation in higher education
Government`s PAIR programme to boost research, innovation in higher education
Source: IANS
2024-11-15 02:39:43 pm
Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov Foreigners have sold 82.1 billion rupees ($973 million) of Indian government bonds, which are part of the JPMorgan index, so far in November, according to clearing house data on Thursday. A rise in U.S. yields along with a stronger dollar have driven the selling, traders and analysts said. They expect the outflows to persist until global market volatility settles. "Foreign inflows will likely wait for U.S. yields and dollar index to stabilise before reverting to its pre-October pac...
Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov
Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov
Source: Reuters
2024-11-14 01:55:25 pm
Government efficiency 'czar' Elon Musk to cut a lot of waste in US government: Mark Mobius With Elon Musk leading the new Department of Government Efficiency (DoGE) under Donald Trump’s presidency in the US, the tech billionaire will be able to cut down on a lot of waste in the US government, ace global investor Mark Mobius has said.  In an interaction with IANS, Mobius said that as a “government efficiency czar”, the tech billionaire will be in a better position to bring required changes to the US government. “That will be a big contributor to mo...
Government efficiency 'czar' Elon Musk to cut a lot of waste in US government: Mark Mobius
Government efficiency 'czar' Elon Musk to cut a lot of waste in US government: Mark Mobius
Source: IANS
2024-11-13 02:03:26 pm
Manohar Lal Khattar launches new scheme to promote use of e-cars for governmentt use Union Minister of Power and Housing & Urban Affairs Manohar Lal Khattar launched the 'EV as a Service' programme of Convergence Energy Services Limited (CESL), aimed at boosting e-mobility in government offices with the deployment of 5,000 e-cars in government departments over the next two years.  The Union Minister flagged off an EV rally comprising vehicles in multiple segments with the call to action on adopting clean mobility alternatives to reduce emissions. The pr...
Manohar Lal Khattar launches new scheme to promote use of e-cars for governmentt use
Manohar Lal Khattar launches new scheme to promote use of e-cars for governmentt use
Source: IANS
2024-11-11 09:06:46 am
No MSME will be left behind in PM Narendra Modi`s government: FM Nirmala Sitharaman Indian micro, small, and medium enterprises (MSMEs) are providing 21 crore jobs while making a major contribution to the economy and exports across sectors, and no MSME will be left behind by the government, Finance Minister Nirmala Sitharaman said here on Saturday.  Addressing the ‘National MSME Cluster Outreach Programme’, the Finance Minister said that under Prime Minister Narendra Modi, no state will be left behind and the government would attend to every state. &qu...
No MSME will be left behind in PM Narendra Modi`s government: FM Nirmala Sitharaman
No MSME will be left behind in PM Narendra Modi`s government: FM Nirmala Sitharaman
Source: IANS
2024-11-10 08:39:36 am
Medtech leaders welcome government`s move to launch Rs 500cr scheme for medical devices The government’s new Rs 500 crore scheme for the medical device industry will not only boost domestic manufacturing but also reduce reliance on import, said medtech leaders on Saturday.  In a bid to provide a big boost to the medical devices industry, the Union Minister of Health and Family Welfare Jagat Prakash Nadda, on Friday launched the "scheme for strengthening the medical device industry". The comprehensive 5-in-1 scheme with a total outlay of 500 crores targ...
Medtech leaders welcome government`s move to launch Rs 500cr scheme for medical devices
Medtech leaders welcome government`s move to launch Rs 500cr scheme for medical devices
Source: IANS
2024-11-09 01:49:36 pm
Government eases norms for customs cargo service providers to boost global trade The Central Board of Indirect Taxes and Customs (CBIC) has introduced key relaxations for Customs Cargo Service Providers to promote ease of doing business and cut logistics cost in order to facilitate global trade, according to an official statement issued on Friday.   The key relaxations include a reduction in the number of days for insurance of stored goods. Customs Cargo Service Providers (CCSPs) were required to insure goods stored in Customs areas for a period of 10 days in t...
Government eases norms for customs cargo service providers to boost global trade
Government eases norms for customs cargo service providers to boost global trade
Source: IANS
2024-11-09 08:50:28 am
Brazil has potential to be major source for India`s urad, tur imports: Government The consumer affairs ministry said that Brazil has emerged as a supplier of urad in recent years and has the potential to become a major source for the import of India’s black gram (urad) and pigeon peas (tur) for the country. The quantity of urad import from Brazil has increased from 4,102 tonnes in the 2023 calendar year to over 22,000 tonnes till October end of 2024. According to the ministry, trade in pulses with countries like Brazil and Australia has been uniquely advantageous ...
Brazil has potential to be major source for India`s urad, tur imports: Government
Brazil has potential to be major source for India`s urad, tur imports: Government
Source: Accord Fintech
2024-11-08 12:46:09 pm
India should join China-backed Asian trade bloc, government think tank CEO says India should join the Regional Comprehensive Economic Partnership (RCEP), a top official at a government think tank said on Thursday, years after the country decided to walk out of the China-backed Asian trade bloc. The RCEP is the world's largest trade bloc backed by China and groups 15 Asia-Pacific economies, including Australia, Japan, New Zealand and the 10 member-states of the Association of Southeast Asian Nations (ASEAN). In 2019, India decided to not join the bloc, on the gr...
India should join China-backed Asian trade bloc, government think tank CEO says
India should join China-backed Asian trade bloc, government think tank CEO says
Source: Reuters
2024-11-07 05:04:54 pm
Will work with government to ensure favourable policies for gem, jewellery sector: GJEPC After the government revised wastage norms for jewellery, effective from January 1 next year, the Gem and Jewellery Export Promotion Council (GJEPC) said on Tuesday it remains committed to safeguarding the interests of the gem and jewellery sector and will continue to work closely with the government to ensure favourable policies for the industry.  The Directorate General of Foreign Trade (DGFT) has revised wastage norms and standard input output norms (SIONs) for jewellery. The updat...
Will work with government to ensure favourable policies for gem, jewellery sector: GJEPC
Will work with government to ensure favourable policies for gem, jewellery sector: GJEPC
Source: IANS
2024-11-06 11:39:42 am
ACME Solar IPO: Concentrated revenue, dependence on government-owned infra among key risks Concentrated revenue risk, dependence on government-owned transmission grids and infrastructure, and growth relying on winning highly competitive project bids are key risks for ACME Solar Holdings IPO, a brokerage firm said on Tuesday.  The IPO is a mix of fresh issue of up to Rs 2,395 crore and an offer of sale (OFS) of up to Rs 505 crore. According to a note by Bajaj Broking, the company focuses on the development, construction, ownership, operation, and maintenance of large-scal...
ACME Solar IPO: Concentrated revenue, dependence on government-owned infra among key risks
ACME Solar IPO: Concentrated revenue, dependence on government-owned infra among key risks
Source: IANS
2024-11-05 03:59:37 pm
Government e-Marketplace introduces 170 Seed categories on portal On a mission to simplify access to quality agricultural & horticulture seeds, Government e-Marketplace (GeM) has revamped & introduced 170 Seed categories on the portal. Created ahead of the upcoming cropping season, the newly populated categories feature nearly 8,000 seed varieties that can be procured by Central/State PSUs and other governing bodies for further dissemination across the country. Created after consultation with stakeholders including state seed corporations and res...
Government e-Marketplace introduces 170 Seed categories on portal
Government e-Marketplace introduces 170 Seed categories on portal
Source: Accord Fintech
2024-11-05 12:46:28 pm
Government e-marketplace launches 170 seed categories to speed up supply to farmers  The Government e-Marketplace (GeM) on Monday said it has revamped and introduced 170 seed categories on the portal to simplify access to quality agricultural and horticulture seeds for farmers.  “Created ahead of the upcoming cropping season, the newly populated categories feature nearly 8,000 seed varieties that can be procured by Central and State PSUs and other governing bodies for further dissemination across the country,” according to an official statement issue...
Government e-marketplace launches 170 seed categories to speed up supply to farmers
Government e-marketplace launches 170 seed categories to speed up supply to farmers
Source: IANS
2024-11-04 02:18:02 pm
Government`s digital life certificate campaign to benefit over 1.81 lakh pensioners More than 1.8 lakh pensioners generated their digital life certificates (DLC) on the very first day, even as the government rolled out the largest-ever campaign, the Ministry of Personnel, Public Grievances & Pensions said.  The Department of Pension & Pensioners’ Welfare on Friday launched the third and the largest nationwide DLC campaign in 800 cities or districts across India from November 1-30. "This is the biggest-ever DLC campaign undertaken," said...
Government`s digital life certificate campaign to benefit over 1.81 lakh pensioners
Government`s digital life certificate campaign to benefit over 1.81 lakh pensioners
Source: IANS
2024-11-02 04:41:49 pm
Government to launch 4,740 digital service centres to boost inclusive growth in rural areas The Ministry of Electronics and Information Technology (MeitY) on Friday launched the Digital India Common Service Center (DICSC) project to bridge the digital divide in rural India and ensure that digital services reach every citizen.  Starting with Pilibhit and Gorakhpur in Uttar Pradesh, this project will establish one model DICSC centre in nearly all gram panchayats across 10 districts, totaling 4,740 centres nationwide. These centres will offer a variety of services including Aad...
Government to launch 4,740 digital service centres to boost inclusive growth in rural areas
Government to launch 4,740 digital service centres to boost inclusive growth in rural areas
Source: IANS
2024-11-02 08:44:00 am
Government launches WAFX WAVES VFX Challenge to promote visual effects artists In a bid to promote the visual effects (VFX) ecosystem in India, the Ministry of Information and Broadcasting has launched the WAFX WAVES VFX Challenge, which will not only boost professional growth but also offer a chance to join a robust network of the country’s top VFX studios and mentors.  The initiative, in collaboration with ABAI- India’s leading AVGC (Animation, Visual Effects, Gaming, and Comics), is part of the World Audio Visual and Entertainment Summit 2025 (WAV...
Government launches WAFX WAVES VFX Challenge to promote visual effects artists
Government launches WAFX WAVES VFX Challenge to promote visual effects artists
Source: IANS
2024-10-30 01:35:56 pm
RBI to cut rates in December to 6.25%, say narrow majority of economists India's central bank will cut its key policy rate in December by a quarter point to 6.25% to bolster slowing economic growth, according to a slim majority of economists in a Reuters poll who also expect inflation to moderate in the near-term. Inflation unexpectedly spiked to 5.49% in September, but was forecast to cool to an average 4.9% this quarter and drop to 4.6% in January-March, giving the Reserve Bank of India (RBI) room to ease policy. The central bank has held interest rate...
RBI to cut rates in December to 6.25%, say narrow majority of economists
RBI to cut rates in December to 6.25%, say narrow majority of economists
Source: Reuters
2024-10-30 09:08:26 am
Government doubles loan limit under Pradhan Mantri Mudra Yojana to Rs 20 lakh The finance ministry has said that the government has doubled the loan limit under the Pradhan Mantri Mudra Yojana (PMMY) to Rs 20 lakh to promote entrepreneurship in the country. This increase aspires to further the overall objective of the Mudra Scheme which is funding the unfunded.  This enhancement is specifically beneficial to upcoming entrepreneurs facilitating their growth and expansion. The move is in alignment with the government's commitment in fostering a robust entrepr...
Government doubles loan limit under Pradhan Mantri Mudra Yojana to Rs 20 lakh
Government doubles loan limit under Pradhan Mantri Mudra Yojana to Rs 20 lakh
Source: Accord Fintech
2024-10-28 12:11:25 pm
Bharat AI mission advancing with strong ties among industry, government: Ashwini Vaishnaw Union Minister for Electronics and IT and Railways, Ashwini Vaishnaw, on Saturday said the country’s AI mission is advancing with strong collaborations among industry, government and academia.  In a post on X, Vaishnaw said he met Meta's Chief AI Scientist Dr Yann LeCun and discussed the country’s potential in AI and skilling the youth. "Met @ylecun of Meta to discuss Bharat’s AI potential. Our AI mission is advancing with strong collaborations among indu...
Bharat AI mission advancing with strong ties among industry, government: Ashwini Vaishnaw
Bharat AI mission advancing with strong ties among industry, government: Ashwini Vaishnaw
Source: IANS
2024-10-27 09:07:58 am
Indians seek lifestyle residences amid government’s infrastructure push: Economist Amid the government’s push to develop world-class infrastructure, the real estate industry is also surging due to better connectivity options, festive incentives, and changing lifestyle choices, an economist said on Thursday.   More and more Indians are opting for "lifestyle residences" and real estate remains the most preferred asset class for investment, especially premium properties. Economist Aakash Jindal told IANS that India is developing its overall infrastru...
Indians seek lifestyle residences amid government’s infrastructure push: Economist
Indians seek lifestyle residences amid government’s infrastructure push: Economist
Source: IANS
2024-10-24 04:10:31 pm
Government to double defect liability period for EPC contracts to 10 years: Nitin Gadkari Union minister Nitin Gadkari has said the government has decided to double the 'defect liability period' to 10 years for contractors of engineering, procurement and construction (EPC) projects. Currently, under EPC projects, the responsibility for maintenance of national highways lies with the government after the defect liability period (5 years) is over. Gadkari said ‘The quality of roads built under EPC mode is not good. The defect liability period under EPC mode is 5 year...
Government to double defect liability period for EPC contracts to 10 years: Nitin Gadkari
Government to double defect liability period for EPC contracts to 10 years: Nitin Gadkari
Source: Accord Fintech
2024-10-24 10:32:34 am
Government working tirelessly to create conducive innovation ecosystem for startups: Minister  The government has been working tirelessly under the leadership of Prime Minister Narendra Modi to create an ecosystem that is conducive to growth of businesses and, in particular, startupsj Speaking at an event during the ‘ITU-WTSA 2024’ in the national capital, the minister said “we are at a pivotal point where emerging technologies are converging and laying the foundation of a new world”. Since the launch of “Startup India, Standup India” ini...
Government working tirelessly to create conducive innovation ecosystem for startups: Minister
Government working tirelessly to create conducive innovation ecosystem for startups: Minister
Source: IANS
2024-10-24 10:16:04 am
Zepto CEO credits Modi government for mushrooming of start-ups Aadit Palicha, Co-Founder & CEO of Zepto on Monday credited Modi government for creating an 'enabling' atmosphere for mushrooming of start-ups and expressed optimism that the the greenhorn businesses will power the next phase of growth.   Speaking to the media persons on the sidelines of the NDTV World Summit, Aadit Palicha said, "This is India's century. Thanks to the government's work in providing the infrastructure needed to build such exceptional companies...
Zepto CEO credits Modi government for mushrooming of start-ups
Zepto CEO credits Modi government for mushrooming of start-ups
Source: IANS
2024-10-21 04:51:13 pm
Akums Drugs and Pharmaceuticals inches up on entering into MoU with Government of Republic of Zambia Akums Drugs & Pharmaceuticals is currently trading at Rs. 915.00, up by 0.25 points or 0.03% from its previous closing of Rs. 914.75 on the BSE. The scrip opened at Rs. 896.00 and has touched a high and low of Rs. 935.00 and Rs. 896.00 respectively. So far 17573 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1174.85 on 20-Aug-2024 and a 52 week low of Rs. 724.50 on 06-Aug-2024. Last one week high and low of...
Akums Drugs and Pharmaceuticals inches up on entering into MoU with Government of Republic of Zambia
Akums Drugs and Pharmaceuticals inches up on entering into MoU with Government of Republic of Zambia
Source: Accord Fintech
2024-10-18 03:33:48 pm
Combined capital spending of state governments likely to expand by 13% in FY25: ICRA Credit rating agency ICRA has projected the combined capital spending of a sample of 13 major state governments to expand by 13% to Rs 6.5 trillion in FY25. However, this entails a miss, relative to the FY25 Budget Estimate (BE) of Rs 7.2 trillion, following a dull start to the capex in the initial months of this fiscal as well as the anticipated undershooting in states’ revenues.  The rating agency foresees a modest slippage in the combined revenue and fiscal deficits of the 13...
Combined capital spending of state governments likely to expand by 13% in FY25: ICRA
Combined capital spending of state governments likely to expand by 13% in FY25: ICRA
Source: Accord Fintech
2024-10-17 02:50:29 pm
India extends operation of imported coal-based power plants, government circular shows India has extended the mandate for the country's imported coal-based power plants to operate at full capacity until Dec. 31 in anticipation of higher power demand, according to a government circular reviewed by Reuters. Previously, the government had allowed the imported coal-based plants to operate at full capacity until Oct. 15. The order is not yet public and the federal power ministry did not immediately respond to a request for comment. The order, dated Tuesday, invoked an e...
India extends operation of imported coal-based power plants, government circular shows
India extends operation of imported coal-based power plants, government circular shows
Source: Reuters
2024-10-16 02:27:59 pm
Key state government`s capex to rise by 13 pc to Rs 6.5 lakh crore in FY25 The capex of key state governments is projected to rise by 13 per cent in the current fiscal (FY25) to Rs 6.5 lakh crore, according to a report on Wednesday.  However, compared to the FY25 budget estimate (BE) of Rs 7.2 lakh crore, the latest projection falls short following a dull start to the capex in the initial months of this fiscal as well as the anticipated undershooting in states’ revenues, according to credit agency ICRA. The agency has projected the combined capital ...
Key state government`s capex to rise by 13 pc to Rs 6.5 lakh crore in FY25
Key state government`s capex to rise by 13 pc to Rs 6.5 lakh crore in FY25
Source: IANS
2024-10-16 01:50:33 pm
Maharashtra government brings ordinance on Stamp Duty Act, expects to generate additional Rs 2,000 cr annually The MahaYuti government has released an ordinance to amend the Maharashtra Stamp Act, 1958 proposing the increase in stamp duty on affidavits, agreements and related documents to Rs 500 from the present Rs 100. The stamp duty on share capital has been increased to Rs 1 crore from Rs 50 lakh.  The ordinance was brought on Monday. According to the revenue department, the amendments to the Maharashtra Stamp Act will help increase the revenue from stamp duty and registration up to almost ...
Maharashtra government brings ordinance on Stamp Duty Act, expects to generate additional Rs 2,000 cr annually
Maharashtra government brings ordinance on Stamp Duty Act, expects to generate additional Rs 2,000 cr annually
Source: IANS
2024-10-15 12:22:17 pm
Government advances target for 20 pc ethanol blending by 2025: Hardeep Puri The government has advanced its target for 20 per cent ethanol blending by 2025, reinforcing its commitment to sustainable energy, Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Monday.   The minister said discussions have already started to develop a roadmap for the future, post the attainment of the 20 per cent blending target. "This roadmap will guide the country’s next steps in its pursuit of energy sustainability and self-reliance," sa...
Government advances target for 20 pc ethanol blending by 2025: Hardeep Puri
Government advances target for 20 pc ethanol blending by 2025: Hardeep Puri
Source: IANS
2024-10-15 10:15:15 am
Monthly income of rural households rises 57.6 pc, financial savings up: Government survey The average monthly income of rural households saw a substantial rise of 57.6 per cent over a five-year period, up from Rs 8,059 in 016-17 to Rs 12,698 in 2021-22, according to government data on Thursday.   This indicates a nominal compound annual growth rate (CAGR) of 9.5 per cent, according to the Ministry of Finance. Annual average nominal GDP growth during the same period (on a financial year basis) was 9 per cent, according to the NABARD’s second All India Rural Financi...
Monthly income of rural households rises 57.6 pc, financial savings up: Government survey
Monthly income of rural households rises 57.6 pc, financial savings up: Government survey
Source: IANS
2024-10-10 06:28:17 pm
Internet subscribers in India reach 969.6 million, average revenue per user grows  The total number of Internet subscribers in India increased from 954.40 million to 969.60 million in the April-June quarter, registering a quarterly rate of growth of 1.59 per cent, the government said on Wednesday.  Out of 969.60 million internet subscribers, number of wired Internet subscribers are 42.04 million and number of wireless Internet subscribers are 927.56 million, as per data by the Telecom Regulatory Authority of India (TRAI). The broadband Internet subscriber b...
Internet subscribers in India reach 969.6 million, average revenue per user grows
Internet subscribers in India reach 969.6 million, average revenue per user grows
Source: IANS
2024-10-10 09:26:38 am
Indian government extends cenbank deputy M. Rajeshwar Rao`s tenure by one year  India's government approved the re-appointment of Reserve Bank of India deputy governor M.Rajeshwar Rao for a period of one year starting Oct. 9 or until further orders, it said late on Friday. Rao was first appointed deputy governor in September 2020 for a period of three years and was given a one year extension in 2023. With the latest re-appointment, Rao would serve a total of five years in the position. Rao is currently in charge of the RBI's departments of regulation,...
Indian government extends cenbank deputy M. Rajeshwar Rao`s tenure by one year
Indian government extends cenbank deputy M. Rajeshwar Rao`s tenure by one year
Source: Reuters
2024-10-07 09:44:35 am
Essar Energy Transition welcomes UK government's backing of HPP1 project  Essar Energy Transition (EET) welcomed Friday's announcement by the UK government confirming its support of the HyNet cluster.  EET Hydrogen, a division of EET, is developing the first large-scale, low-carbon hydrogen production hub in the UK at its site in Stanlow. This hub will produce 1,350 MW of hydrogen capacity in total and capture around 2.5 million tonnes of carbon per annum - equivalent to taking 1.1 million cars off the roads. The EET Hydrogen hub will enable re...
Essar Energy Transition welcomes UK government's backing of HPP1 project
Essar Energy Transition welcomes UK government's backing of HPP1 project
Source: IANS
2024-10-05 09:22:07 am
Government considering tweaking regulatory norms for MedTech and pharma sectors: Niti Aayog member Niti Aayog member (Health) VK Paul has said that the government is considering tweaking regulatory norms for MedTech and pharma sectors and sought industry inputs for the same. He said with changing times the regulatory framework also needs to be worked upon. He noted that under the ages of principal scientific adviser to the Government of India, regulatory improvements for medical technology and pharma are under active consideration. He sought industry participation in making the system bett...
Government considering tweaking regulatory norms for MedTech and pharma sectors: Niti Aayog member
Government considering tweaking regulatory norms for MedTech and pharma sectors: Niti Aayog member
Source: Accord Fintech
2024-10-03 02:38:58 pm
NTPC gains as its arm inks MoU with Government of Rajasthan NTPC is currently trading at Rs. 445.30, up by 2.20 points or 0.50% from its previous closing of Rs. 443.10 on the BSE. The scrip opened at Rs. 446.45 and has touched a high and low of Rs. 447.85 and Rs. 443.50 respectively. So far 145244 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.30 on 30-Sep-2024 and a 52 week low of Rs. 227.75 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. 448....
NTPC gains as its arm inks MoU with Government of Rajasthan
NTPC gains as its arm inks MoU with Government of Rajasthan
Source: Accord Fintech
2024-10-01 10:46:03 am
Gujarat government approves Rs 245 crore for widening narrow bridges, structures to ease traffic Government of Gujarat has approved an allocation of Rs 245.30 crore to widen 41 narrow bridges and structures on nearly 20 road routes across Gujarat, Chief Minister Bhupendra Patel announced on Monday.  This move aims to alleviate traffic congestion and ensure smoother travel across the state. The decision comes after the state recognised that several bridges and structures are narrower than the roads they connect, leading to frequent traffic jams. The state’s Roads and Buildin...
Gujarat government approves Rs 245 crore for widening narrow bridges, structures to ease traffic
Gujarat government approves Rs 245 crore for widening narrow bridges, structures to ease traffic
Source: IANS
2024-09-30 05:25:35 pm
Government prepares road map for creating 4.5-6 crore jobs in textile sector by 2030: Giriraj Singh Union Minister Giriraj Singh has said that the government has prepared a road map for creating 4.5-6 crore jobs in the textile sector by 2030. He also asserted that efforts are being made to take the sector's market size to $350 billion from around $165 billion at present. He noted that the seven PM-MITRA integrated mega textile parks approved earlier will have investment to the tune of Rs 70,000 crore when fully functional, thereby creating 21 lakh jobs.  The minister said that t...
Government prepares road map for creating 4.5-6 crore jobs in textile sector by 2030: Giriraj Singh
Government prepares road map for creating 4.5-6 crore jobs in textile sector by 2030: Giriraj Singh
Source: Accord Fintech
2024-09-30 11:45:12 am
National Centre of Excellence for AVGC sector to create 5 lakh jobs: Government India has the second-largest anime fan base globally and is projected to contribute 60 per cent to the worldwide growth in anime interest in the coming years. With the new National Centre of Excellence (NCoE) for the AVGC-XR (animation, visual effects, gaming, comics and extended reality) sector, the industry is expected to create 5 lakh jobs, the government said on Sunday.  Boasting a growth rate of 25 per cent and an estimated value of Rs 46 billion by 2023 (as per a FICCI-EY report...
National Centre of Excellence for AVGC sector to create 5 lakh jobs: Government
National Centre of Excellence for AVGC sector to create 5 lakh jobs: Government
Source: IANS
2024-09-29 03:33:39 pm
Government retains borrowing target, to raise Rs 6.61 lakh crore in H2 FY25 to fund revenue gap The finance ministry has said that the Centre has retained its borrowing target for the current financial year and plans to raise Rs 6.61 lakh crore through auction of dated securities during for the second half of the fiscal year 2024-25 (H2 FY25) to fund the revenue gap to boost economic growth. Out of Gross Market borrowing of Rs 14.01 lakh crore budgeted for 2024-25, Rs 6.61 lakh crore (47.2 per cent) is planned to be borrowed in for H2 FY25 through issuance of dated securities, including...
Government retains borrowing target, to raise Rs 6.61 lakh crore in H2 FY25 to fund revenue gap
Government retains borrowing target, to raise Rs 6.61 lakh crore in H2 FY25 to fund revenue gap
Source: Accord Fintech
2024-09-27 04:37:38 pm
SJVN zooms on inking two MoUs with Government of Maharashtra SJVN is currently trading at Rs. 132.35, up by 6.35 points or 5.04% from its previous closing of Rs. 126.00 on the BSE. The scrip opened at Rs. 127.25 and has touched a high and low of Rs. 133.20 and Rs. 127.00 respectively. So far 1773737 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.45 on 05-Feb-2024 and a 52 week low of Rs. 63.38 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. 133....
SJVN zooms on inking two MoUs with Government of Maharashtra
SJVN zooms on inking two MoUs with Government of Maharashtra
Source: Accord Fintech
2024-09-27 02:18:26 pm
Sugar stocks sweeten as government considering increasing ethanol price, sugar MSP Sugar stocks are buzzing in the markets after the Food Minister Pralhad Joshi said the government is considering increasing the ethanol price for 2024-25 season as well as minimum selling price (MSP) of sugar, which remains unchanged at Rs 31 per kg, a rate established in February 2019. The proposal on hiking the ethanol price is under consideration of the government. Ethanol prices, fixed by the government, have not been hiked since the 2022-23 ethanol supply year (November-October). Shre...
Sugar stocks sweeten as government considering increasing ethanol price, sugar MSP
Sugar stocks sweeten as government considering increasing ethanol price, sugar MSP
Source: Accord Fintech
2024-09-27 12:47:48 pm
Government hikes minimum wage rates for workers, effective from October 1 The government on Thursday announced to increase minimum wage rates by revising the Variable Dearness Allowance (VDA), in a bid to help workers cope with the rising cost of living.  The move will support workers, particularly those in the unorganised sector. Workers engaged in various sectors, including building construction, loading and unloading, watch and ward, sweeping, cleaning, housekeeping, mining, and agriculture within central sphere establishments, will benefit from the revi...
Government hikes minimum wage rates for workers, effective from October 1
Government hikes minimum wage rates for workers, effective from October 1
Source: IANS
2024-09-27 09:25:07 am
Government to borrow Rs 6.61 lakh crore in second half of current fiscal The government on Thursday said it plans to borrow Rs 6.61 lakh crore in the second half of the current fiscal through the issuance of dated securities, including Rs 20,000 crore of Sovereign Green Bonds (SGrBs).   The government, in consultation with the Reserve Bank of India (RBI), has finalised its borrowing programme for the second half (H2) of FY 2024-25. Out of the gross market borrowing of Rs 14.01 lakh crore budgeted for FY 2024-25, Rs 6.61 lakh crore (47.2 per cent) is pla...
Government to borrow Rs 6.61 lakh crore in second half of current fiscal
Government to borrow Rs 6.61 lakh crore in second half of current fiscal
Source: IANS
2024-09-27 09:17:28 am
330 million mobile phones being manufactured in India a year: Government India’s electronics sector is currently employing about 1.2 million people all over the country, as 325 to 330 million mobile phones are being manufactured every year, the government said on Thursday.  The country has witnessed rapid growth in electronics manufacturing – from Rs 1.9 lakh crore in 2014-15 to Rs 9.52 lakh crore in production in 2023-24 (with an annual compounded growth rate of 17.4 per cent) and 22.7 per cent export growth. On the 10th anniversary of the ...
330 million mobile phones being manufactured in India a year: Government
330 million mobile phones being manufactured in India a year: Government
Source: IANS
2024-09-27 09:11:00 am