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NEW DELHI: The Build Operate Transfer (BOT) model for highway construction is back, with the National Highways Authority of India (NHAI) calling bids for projects entailing combined investments of Rs 31,000 crore via this route. In all, 8 key highway stretches including a greenfield access-controlled expressway is proposed to...
NEW DELHI: Hit by two anti-subsidy actions in the US and the European Union, government is looking to revamp the system for Remission of Duties and Taxes on Exported Products (RoDTEP), attempting to build a verification system for the refunds. The two cases are seen to be due to...
NEW DELHI: Reliance Industries Ltd is seeking a minimum USD 10 rate for the gas it plans to produce from coal seams, as it altered its pricing formula to reflect the changed energy scenario. Reliance has sought bids from users for 0.90 million standard cubic meters per day of...
NEW DELHI: The pharma industry has sought fiscal incentives to promote research and development (R&D) in the sector, as it is likely to reach USD 400-450 billion market size by 2047. In a statement, Indian Pharmaceutical Alliance Secretary General Sudarshan Jain said there is a high risk, long gestation...
NEW DELHI: State-owned Oil and Natural Gas Corporation (ONGC) has made two significant back-to-back natural gas discoveries in a Mahanadi basin deepwater block in the Bay of Bengal as its calculated game plan of venturing into high-risk deep water exploration starts yielding results. The firm made the discoveries in...
NEW DELHI: The government will take a decision after September on the existing import management system on certain IT hardware products such as laptops and tablets after evaluating the import data, which it is monitoring, an official said. In October last year, India put in place an import management...
NEW DELHI: The government has clarified that there are no import restrictions on certain IT hardware products such as desktop computers. In a circular to customs authorities and industry, the commerce ministry arm Directorate General of Foreign Trade (DGFT) has said only the import of laptops, tablets, all-in-one personal...
NEW DELHI: India’s retail inflation rose to 5.69 per cent in December 2023 up from 5.55 per cent in November last tear with higher food prices stretching household budgets, according to official figures released on Friday. Retail inflation inched up marginally in December, while industrial production in November plunged...
NEW DELHI: India and the US are working on a collaboration mechanism to jointly develop technologies to process critical minerals. If the deal goes through, it will be in addition to the US-led Minerals Security Partnership (MSP), a grouping of 14 nations including the European Union. India and the...
NEW DELHI: The government is expected to announce its commitment to reforms in the financial sector in the upcoming interim budget, laying the roadmap for big bang announcements in 2024-25, including the privatisation of a state-run bank and a general insurance firm, said people with knowledge of the matter....
NEW DELHI: India is expected to clock a GDP growth in the range of 6.9-7.2 per cent in the current financial year on the back of improving economic fundamentals, Deloitte India said in an update to its quarterly outlook. As per the first advance estimates of national income released...
NEW DELHI: The central public sector enterprises (CPSEs) and other government agencies like the NHAI and the Railways have invested Rs 5.51 trillion or 75% of their combined FY24 capital expenditure target in April-December period. On an annual basis, these entities’ capex grew by robust 22.4% in the first...
NEW DELHI: In a boost to self-reliance in developing advanced missile technology, India on Friday successfully test fired the New General Akash (Akash-NG) missile from the integrated test range, Chandipur off the coast Odisha, defence ministry officials said here. The missile has a range of more than 80 km,...
NEW DELHI: Reliance Industries Ltd, India’s largest company, has launched the Graduate Engineer Trainee programme, aiming to hire graduate engineers across businesses – from petrochemicals to new energy. Reliance has opened its entry-level recruitment drive for young engineers named the Graduate Engineer Trainee (GET) 2024 programme from all over...
MUMBAI: Forex reserves declined sharply by USD 5.89 billion to USD 617.3 billion for the week ending January 5 after rising for four consecutive weeks, according to the weekly Reserve Bank data released on Friday. So far this fiscal, the reserves have increased USD 55.72 billion, according to the...
NAGPUR: Union Civil Aviation Minister Jyotiraditya Scindia on Friday said 75 new airports have been built in the last ten years as part of the Narendra Modi government’s vision to bring air travel within the reach of a vast number of common citizens and asserted the key sector was...
NEW DELHI: The Council for Leather Exports (CLE) has asked the government to provide fiscal incentives in the Budget such as the PLI scheme and reinstatement of import duty exemption on certain goods to boost manufacturing and exports. The council has also suggested the government to consider permitting the...
NEW DELHI: Any further shift among the taxpayers to the concessional personal income tax regime from 60% reported so far will require further tweaks to make it more attractive, government sources said on condition of anonymity. A few options in this regard are under consideration, they said, but hinted...