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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...
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...
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...
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...
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,...
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...
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...
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...
NEW DELHI: Successful conclusion of India’s proposed trade agreements with the UK, Oman and four European nation bloc EFTA will reflect its commitment to trade liberalisation and economic integration at a time when the whole world is turning protectionist, according to a report. Economic think tank Global Trade Research...
MUMBAI: The Reserve Bank of India (RBI) on Friday allowed banks and non-banks to issue prepaid payment instruments (PPIs) for public transit services such as metro, buses, rail, waterways, tolls, and parking. The regulator amended the guidelines for PPIs for mass transit systems (MTS). It said such PPIs could...
NEW DELHI: The 13th ministerial conference (MC 13) of the World Trade Organisation (WTO) in Abu Shabi next week could dent the crucial single-undertaking rule or consensus-based decision making at the multilateral body, sources here warned. New Delhi would oppose the China-led Investment Facilitation for Development (IFD), even as...
NEW DELHI: India’s key macro indicators, such as CPI inflation, WPI inflation, and the trade and current account deficits are seen subdued in the near-term, given global commodity prices are low and unlikely to rise sharply in the coming months, say economists. “The slowdown witnessed in the world economy...
NEW DELHI: India’s installed Renewable Energy (RE) capacity, excluding large hydro plants, is estimated to increase to 170 GW by March 2025 from a level of 135 GW in December 2023, rating agency ICRA said on Friday. “ICRA estimates that the rise in the RE capacity over the next...
NEW DELHI: Indian Railways has deployed Kavach, the indigenous train collision avoidance system, on 1,465 route km primarily across the South Central Railway division. The Railways would soon float tenders, around May or June, to upgrade existing and upcoming installations to LTE (long term evolution) technology making the entire...
The Telecom Regulatory Authority of India (TRAI) on Friday released recommendations on ‘Introduction of Calling Name Presentation (CNAP) Service in Indian Telecommunication Network’, which means the name identity information provided by the telephone subscriber in the Customer Application Form (CAF) should be used for the purpose of CNAP. This...
The procurement and manufacturing of these cutting-edge radars and CIWS systems will be spearheaded by Larsen and Toubro in collaboration with several Indian small and medium enterprises. In a strategic move aimed at bolstering India’s aerial surveillance capabilities along its borders with China and Pakistan, the Cabinet Committee on...
NEW DELHI: Foreign Direct Investment (FDI) in the space sector in India is not 100 per cent blanket approval and has been split into three stages to comply with military requirements, said industry veteran JD Patil, founder chairperson of Indian Space Association (ISpA), and a board member of regulatory...
BHUBANESWAR: Kalyani Steel Ltd on Friday signed an MoU with the Odisha government to set up a manufacturing facility with an investment of Rs 11,750 crore. The project for manufacturing titanium metal, aerospace and automotive components and advanced speciality steel at Gajamara in Dhenkanal district will create 10,000 job...