Business
Finance Ministry Seeks Faster Roll-Out Of Guaranteed Pension
NEW DELHI: Given the modest start of Unified Pension Scheme (UPS), the finance ministry has written to the pay & accounts offices (PAOs) of central ministries, urging them to take steps to expedite its roll-out. The finance ministry proposed that staff be sensitised to undertake their assigned roles and...
Energy Storage Sector To Attract Rs 4.79 Trillion Investment By 2032: IESA
NEW DELHI: India’s energy storage sector is likely to attract Rs 4.79 lakh crore investment by 2032, industry body India Energy Storage Alliance (IESA) said on Sunday. At the 5th Edition of International Conference on Stationary Energy Storage India (SESI) 2025 concluded last week at Gandhinagar, in Gujarat, industry...
Weather-Hit Veggies And Fruit Put Food Inflation On The Boil In FY25
NEW DELHI: From coconuts and garlic to potatoes and onions, soaring fruit and vegetable prices in FY25 drove up household grocery bills, accounting for over half of last year’s food inflation, as extreme weather disrupted supplies. Vegetables alone contributed 43.7% to the food inflation basket in FY25, up from...
India’s Private Sector Capex Likely To Slow Down Due To Tariffs: Goldman Sachs
NEW DELHI: India’s private sector capital expenditure (capex) could take a backseat in the near future due to rising uncertainty around global tariffs, according to a recent report by Goldman Sachs. The report highlighted that as tariff rates are yet to be finalised and are likely to remain in...
TOMCOM Signs MoUs With Japanese Agencies For Jobs For Telangana Youth
TOKYO: In a significant development to enhance global employment opportunities for the youth of Telangana, Telangana Overseas Manpower Company Ltd (TOMCOM), a state-run organisation under the Department of Labour, Employment, Training and Factories, Government of Telangana, MoUs with two leading companies — TERN (TGUK Technologies Pvt Ltd.) and Raj...
Coal Trade Exchange: Centre Extends Deadline Until May 7
NEW DELHI: The Government has extended the deadline to early next month for public comments on the proposed rules on Coal Trade Exchange that will facilitate the dry-fuel’s trading as a commodity. “Ministry of Coal had published the proposed draft legislations on Coal Trade Exchange for public consultation… Ministry...
Indian Scientists Submit Proposal To Centre To Develop ‘Angstrom-Scale’ Chips
NEW DELHI: A team of 30 scientists from India’s premier institute, the Indian Institute of Science (IISc), has submitted a proposal to the government to develop ‘angstrom-scale’ chips, far smaller than the smallest chips currently in production. The team has submitted the proposal to the government for developing technologies...
SEBI Finds No Manufacturing Activity At Gensol Electric Vehicle Plant In Pune
NEW DELHI: Markets regulator Securities and Exchange Board of India (SEBI) has said it found “no manufacturing activity” at Gensol Engineering’s electric vehicle (EV) plant in Pune with only 2-3 labourers present when a National Stock Exchange (NSE) official visited the site. These revelations were part of markets regulator...
Foreign Investors Inject Rs 8,500 Crore In Markets
NEW DELHI: Foreign investors have infused nearly Rs 8,500 crore in the country’s equity markets last week, after a phase of heavy outflows earlier in the month, supported by renewed investor confidence, resilient domestic economy and relative insulation from global trade disruptions. During the holiday-truncated week ended April 18,...
RBI May Cut Rates By Another 100 Basis Points To Balance Growth And Inflation: Nomura
MUMBAI: With inflation likely to remain sub-4 per cent and downside risks on growth, Nomura said, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is expected to take go for a 100 bos additional rate cut. The central bank, in the April policy meeting, delivered a dovish...
Govt Likely To Ease Nuclear Liability Laws To Attract Foreign Firms
NEW DELHI: India is preparing to amend its nuclear liability legislation to cap accident-related penalties for equipment suppliers, in a bid to revive stalled foreign investment in its nuclear sector, particularly from US firms. According to three government sources cited by Reuters, the proposed changes would remove a key...
Arvind Shrivastava Named Revenue Secretary In Major FinMin Rejig
NEW DELHI: In a major bureaucratic reshuffle that would mark a virtual reboot of the brass in the Ministry of Finance, the Appointments Committee of the Cabinet on Friday appointed Arvind Shrivastava India’s next secretary in charge of revenue, Vumlunmang Vualnam secretary in the Department of Expenditure (DoE), and...
Duty Imposed On Steel, Aluminium Due To National Security: US To India In WTO
NEW DELHI: The US has informed the global trade body WTO that the decision to impose tariffs on steel and aluminium, was based on national security grounds and should not be considered as safeguard measures, according to a communication. The US shared this response with the World Trade Organisation...
Govt Tweaks Domestic Gas Allocation Policy For CNG, PNG Segments
NEW DELHI: The ministry of petroleum and natural gas on Friday announced key changes to the domestic gas allocation policy, aimed at ensuring sustained availability and affordability of natural gas for the Compressed Natural Gas (CNG) used in transport and Piped Natural Gas (PNG) used in domestic households. Under...
Strange Sell-Off In Dollar Raises Spectre Of Investors Losing Trust In US Under Trump
NEW YORK: Among the threats tariffs pose to the US economy, none may be as strange as the sell-off in the dollar. Currencies rise and fall all the time because of inflation fears, central bank moves and other factors. But economists worry that the recent drop in the dollar...
New Traffic Radar Rules To Ensure Accurate Speed Enforcement
NEW DELHI: The government on Friday said new regulations requiring mandatory verification and stamping of traffic radar equipment will be implemented from July 1 to improve road safety and enforcement accuracy across the country. The Consumer Affairs Ministry has notified the rules following extensive consultations with stakeholders, including the...
EPFO Set To Launch Version 3.0 With ATM Fund Withdrawals
RANCHI: The Employees’ Provident Fund Organisation (EPFO) is set to undergo a major digital overhaul to enhance services for over nine crore beneficiaries, with Version 3.0 set to launch by May or June, Union Labour and Employment Minister Mansukh Mandaviya said on Friday. In coming days, EPFO beneficiaries will...
DGTR Issues Final Findings In 13 Anti-Dumping Cases
NEW DELHI: The commerce ministry’s investigation arm DGTR has issued final findings in as many as 13 anti-dumping cases, mostly against China, in March, according to the Commerce Ministry. The ministry also said that in addition to this, the Directorate General of Trade Remedies (DGTR) has started 11 investigations...
