Business

Rural Non-Food Spend Over 50% For First Time: Consumer Expenditure Survey

NEW DELHI: The average spending on non-food items by rural India surpassed the 50 per cent mark for the first time in 2022-23, with a decrease in the proportion of total expenditure now allocated to food items, according to the latest Household Consumption Expenditure Survey (HCES) released by the...

Feb 26 · >

WTO Ministerial: Permanent Solution To Food Security May Be Some Time Away

NEW DELHI: A draft text ahead of the World Trade Organization’s (WTO’s) 13th ministerial conference (MC13) has proposed to “agree and adopt” a permanent solution to public stockholding for food security until the next ministerial meeting. This means a permanent solution India has been negotiating hard for may be...

Feb 26 · >

Department Of Telecommunications To Fund Six Chip Design Projects

NEW DELHI: The Department of Telecommunications (DoT) is looking to fund at least six chip design projects this year under the Telecom Technology Development Fund (TTDF). The value of the projects to be funded is around Rs 50-100 crore, officials said. These chip design projects are separate from those...

Feb 26 · >

Banks Look At Bonds, Rights Issue Amid Stretched Loan-To-Deposit Ratios

MUMBAI: Amid the tight liquidity environment and stretched loan-to-deposit ratios (LDRs), banks are looking at alternative fund-raising options to support their balance sheets, leading to several of them tapping the capital markets to raise debt or equity through varied instruments. The surge in credit growth pushed Indian banks’ loan...

Feb 26 · >

India Seeks Permanent Solution To Food Security

NEW DELHI: India will strongly oppose a China-led proposal for an investment facilitation pact besides pressing for finding a permanent solution to public stock holding of grains for food security and protection of the interests of fishermen at the WTO ministerial meeting beginning Tuesday. The Indian delegation is led...

Feb 26 · >

Government Makes Efforts To Improve Soil Health

NEW DELHI: Nearly 8,300 soil testing labs have been set up across the country since 2014-15 as part of the government’s efforts to improve soil health and reduce input cost incurred by farmers to grow crops, according to an official. These are static soil testing labs, mobile testing labs,...

Feb 26 · >

IOC, GAIL, ONGC Fined For Third Straight Quarter For Failure To Appoint Directors

NEW DELHI: State-owned oil and gas giants including IndianOil, ONGC and GAIL (India) have been slapped fines for the third straight quarter for failing to meet listing norm requirements of having the requisite number of directors on their board. Stock exchanges have fined oil refining and fuel marketing giant...

Feb 26 · >

Number Of M&A Deals In India Falls In 2023: PwC

NEW DELHI: The number of merger and acquisition (M&A) deals during 2023 dropped by 10 per cent on an annual basis to 793, said a PwC India report on Sunday. However, the total disclosed deal value for M&A declined much steeper at 38 per cent during the year, according...

Feb 26 · >

GST Council May Soon Clarify Tax Exemption To RERA

NEW DELHI: The GST Council is likely to soon clarify that Real Estate Regulatory Authority (RERA) will not be required to pay Goods and Services Tax (GST), an official said. According to the official, RERA, which functions as a regulator as well as facilitator for the realty sector, is...

Feb 26 · >
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