NEW DELHI: The central government has proposed removing the 50 per cent ceiling on the sale of coal and lignite produced from captive mines, a move aimed at clearing accumulated stockpiles and increasing mineral availability in the market. This is part of a series of reforms proposed in a...
MUMBAI: The rupee breached the 91-per-dollar mark to hit a fresh low of 91.09 on Tuesday, pressured by persistent foreign outflow, riskoff trade in global markets, and delay in India-US trade agreement, dealers said. It strengthened marginally towards the end of the session to settle at 91.03 per dollar,...
NEW DELHI: Life Insurance Corporation of India (LIC) has invested the maximum amount of Rs 88,404 crore in the Tata Group, followed by an infusion of Rs 80,843 crore in HDFC Bank and Rs 60,065.56 crore in Reliance Group, Parliament was informed on Tuesday. Adani Group attracted an investment...
NEW DELHI: The new Gross Domestic Product (GDP) series is set for a major overhaul with the government proposing various changes, including the adoption of the Classification of Individual Consumption according to Purpose (COICOP) 2018 for the compilation of private final consumption expenditure. The Ministry of Statistics and Programme...
NEW DELHI: Axis Bank expects India’s growth to be above trend in 2026-27 (April-Mar) at 7.5%, on the back of structural and regulatory reforms, lower borrowing costs, accelerated capital formation and a cyclical boost from policy easing, Neelkanth Mishra, Chief Economist, Axis Bank and Head – Global Research at...
By Nitya Chakraborty Is Bangladesh’s pre-election scenario is being repeated in Nepal which was the seat of a two day revolt by Gen Z of the country against the ruling K S Oli government in the second week of September this year? Major indications are leading to that, the...
By Dr. Gyan Pathak The Union Government of India is set to introduce Viksit Bharat – Guarantee For Rozgar and Ajeevika Mission (Gramin) Bill (VB-G RAM G) in the Lok Sabha, which will mark the end of the current Mahatma Gandhi National Rural Employment Guarantee Act, 2005 under which...
By T N Ashok The announcement of Maharashtra’s urban local body election schedule has done more than set the clock ticking for civic polls—it has forced an uneasy ruling alliance to rediscover the value of unity. With voting for all 29 municipal corporations, including the powerful Brihanmumbai Municipal Corporation...
By Ashok Nilakantan Ayers With just days left before the curtain falls on 2025, Bollywood finds itself in an unusually buoyant position. After years of uneven recoveries and post-pandemic recalibration, the Hindi film industry finally rediscovered its box-office muscle this year—powered by star-driven spectacles, rooted storytelling, and a growing...
By Keith Flett LONDON: Charles Dickens’s Christmas Carol was published on December 19 1843. Eleven days later the Chartist Northern Star had this response, which was headed “a Christmas Carol”:“According to annual and praise-worthy custom the unfortunate inmates both of the workhouse and prison throughout the metropolis, will, upon...
NEW DELHI: India has proposed a preferential trade agreement (PTA) with Mexico to help domestic exporters deal with the steep tariffs announced by the North American country, a top government official said on Monday. Mexico has decided to impose steep import tariffs – ranging from about 5 per cent...
NEW DELHI: The Union government has decided to replace the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the flagship social-welfare scheme, 20 years after it was enacted, providing for a piece of legislation with a higher number of mandatory work days and altered funding norms. The number of...
NEW DELHI: The government on Monday introduced in Parliament a Bill that seeks to finally open up the Indian civil nuclear energy sector to private sector players, except in uranium mining, after amending specific provisions dealing with thorny issues like the supplier’s liability and compensation in case of a...
NEW DELHI: India’s factory-gate inflation, as measured by the wholesale price index (WPI), remained in deflationary territory at -0.32 per cent in November, easing from a 27-month low of -1.21 per cent in the previous month, according to data released by the Ministry of Commerce and Industry on Monday....
CHENNAI: India’s unemployment rate fell to 4.7 percent in November, marking its lowest level since April, according to official government data, signalling a steady improvement in labour market conditions as the economy moves deeper into the second half of the financial year. The decline from 5.2 percent recorded in...
By Nantoo Banerjee It is difficult to explain why the government took nearly 17 years to decide on launching a bill in Parliament to allow private participation in India’s nuclear power generation programme. The proposed Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill to amend...
By Nitya Chakraborty The Latin American Left got a major shock on Sunday December 14 as the far right candidate Jose Antonio Kast won the run off Presidential elections by defeating the ruling Left coalition candidate Jeannette Jara by a margin of 16 per cent of the polled votes....
By Ashok Nilakantan Ayers NEW YORK: When Jimmy Lai walked into Hong Kong’s High Court on Monday morning, smiling faintly and waving to family members, the moment carried the weight of more than a single verdict. It marked the end of an era — not just for a 78-year-old...