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Updated: 9 min 21 sec ago

Centre should reduce import duty on cut and polished diamonds: GJEPC

3 hours 21 min ago
Whereas to protect the domestic jewellery market, it has suggested that the basic customs duty on gold/silver/platinum jewellery should be increased from 20% to 25%

India's 1.4 bn population could become world economy's new growth engine

7 hours 37 min ago
Bloomberg Economics expects the nation's per capita income to pull even with some developed countries in that span, putting Modi's goal within reach

Govt working on faster litigation disposal in CAT, says Jitendra Singh

Fri, 01/27/2023 - 22:05
Union minister Jitendra Singh on Friday said that under Prime Minister Narendra Modi's leadership, the government is constantly removing bottlenecks for faster disposal of litigation in the Central Administrative Tribunal across the country, said a press release by Ministry of Personnel, Public Grievances & Pensions.While addressing the two-day Orientation Workshop for the Members of the Central Administrative Tribunal at the Indian Institute of Public Administration (IIPA) in New Delhi today, Jitendra Singh, who is also the Chairman of the IIPA Executive Council, said that the government, in the last eight years, has repealed around 2,000 laws which had become obsolete.He said that the government has looked forward and made efforts to reduce the burden of the judiciary by simplifying procedures and removing hurdles, added the statement.Singh also launched the Namani Gange Calendar on the occasion.Singh said that while conceptualising the idea of a Central Administrative ...

Delhi govt approves projects worth Rs 12 cr to strengthen road infra

Fri, 01/27/2023 - 12:56
Sisodia has directed the concerned officials to complete the work in the stipulated time and ensure that no inconvenience is caused to the public when the work is in progress

Indian refiners' crude oil processing in December rises 4% y/y: Govt data

Fri, 01/27/2023 - 12:53
India's Bharat Petroleum Corp plans to shut its multiple refineries for maintenance in the coming months

Govt clears 15 R&D projects worth around Rs 32.25 cr in key strategic areas

Fri, 01/27/2023 - 12:24
The 5th Mission Steering Group chaired by Union minister Piyush Goyal on Friday cleared 15 R&D projects worth around Rs 32.25 crore in key strategic areas such as speciality fibre, protective textiles, high-performance textiles, geotextiles, medical textiles, sustainable textiles and textiles for building materials. The projects have been approved by the government under the National Technical Textiles Mission. "Encouraging young engineering minds to pursue technical textiles in India is the need of the hour. A broad guideline under start-up scheme was discussed and may be finalised on priority targeting aspiring innovators, entrepreneurs and young scientists," an official statement said. Addressing the meeting, textiles minister Goyal said leading textile manufacturers and institutes should come together to indigenously develop strategic and high-value technical textile products with support of National Technical Textiles Mission. Among these 15 R&D (Research & ...

Maharashtra sugar mills likely to shut early as rain hits cane supply

Fri, 01/27/2023 - 12:05
Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1

CIL to produce sand using overburden rocks; likely to begin ops by next yr

Fri, 01/27/2023 - 11:59
State-owned CIL intends to produce sand using overburden rocks lying at its various coal mines and the operation of five such sand plants is likely to commence by next year, the government said on Friday. Under the 'overburden (OB) rocks-to-manufactured sand' initiative, Coal India Ltd (CIL) facilitates processing of waste overburden at its open cast mines. "CIL has envisaged to process the overburden rocks for sand production in mines where OB material contain about 60 per cent sandstone by volume which is harnessed through crushing and processing of overburden," the coal ministry said in a statement. Out of the five proposed plants, Ballarpur Plant of Western Coalfields Ltd (WCL) is expected to commence sand production by May. Four plants -- one each in WCL, South Eastern Coalfields Ltd (SECL), Bharat Coking Coal Ltd (BCCL) and Central Coalfields Ltd (CCL)-- are under different stages of tendering process. To fast-track the 'OB-to-sand' initiative, CIL has prepared a model bid .

Govt recommends imposing anti-dumping duty on vinyl tiles frm China, Taiwan

Fri, 01/27/2023 - 11:54
The Commerce Ministry has the recommended imposition of anti-dumping duty on vinyl tiles coming from China and Taiwan for five years to guard domestic players from cheap imports from these countries. The Directorate General of Trade Remedies (DGTR) has recommended the duty on imports of 'Vinyl Tiles other than in roll or sheet form' from these countries after concluding in its probe that the product has been exported at dumped prices into India, which impacted the domestic industry. "The Authority recommends imposition of the anti-dumping duty on the imports ... originating in or exported from the subject countries, for five years," the directorate has said in a notification. In the market parlance, the product is known as luxury vinyl tiles, or PVC flooring tiles. It mimics the appearance of the natural materials. It is used for covering the floors in the residential and the commercial buildings. DGTR conducted the probe following a complaint from Welspun Flooring Ltd, Welspun Glo

Indus Water Treaty: The what and why of a decades-old conflict

Fri, 01/27/2023 - 11:24
The treaty contains a preamble, 12 articles and eight detailed annexures

Indus Water Treaty: India sends notice to Pak, seeks changes in pact

Fri, 01/27/2023 - 11:08
The notice sent on January 25 through respective commissioners for Indus waters, is set to open up the process for making changes to the treaty

Govt set to invite EoIs for Rs 41k-cr Great Nicobar Port on Saturday

Fri, 01/27/2023 - 10:40
Ambitious Rs 41k-cr transhipment terminal plan mired by environmental concerns

FCI to offer wheat at Rs 2,350 per quintal for buyers across India

Fri, 01/27/2023 - 10:24
Commodity's prices reduce by Rs 450 a quintal on Friday after announcement of sale

Shipping Ministry launches marine logistics portal to smoothen sea trade

Fri, 01/27/2023 - 10:05
The single-window platform aims to bring all trade stakeholders together and reduce logistics cost with real-time mapping and provisioning

Need clarity in definitions, wider governance in online gaming rules: UKIBC

Fri, 01/27/2023 - 09:42
The council has urged govt to legalise and regulate gaming market across India, particularly sports betting, in line with Law Commission's 2018 recommendations

RBI's foreign exchange reserves rise $1.7 bn in a week to $573 bn

Fri, 01/27/2023 - 09:29
FX reserves rise $1.7 bln in a week to $573 bln

India-Egypt MoU on cultural cooperation signed for five years: Govt

Fri, 01/27/2023 - 09:17
The pact on cultural cooperation signed between India and Egypt will entail a range of activities being hosted in both the countries, including in the fields of music, dance, theatre, library and research and documentation. For continued cultural cooperation, the Memorandum of Understanding (MoU) has been signed for a period of five years, the Union Culture Ministry said in a statement on Friday. The MoU was signed and exchanged on January 25 by Union Culture Minister G Kishan Reddy and Arab Republic of Egypt Foreign Minister Sameh Hassan Shoukry in the presence of Prime Minister Narendra Modi and Egypt's President Abdel Fattah el-Sisi, it said. "Both countries look forward to witness a host of cultural activities happening in due course in the realm of music, dance, theatre, literature, library, organising festivals in respective countries and research and documentation, etc," the statement said. The MoU was signed to strengthen the cultural ties with Egypt. Reddy had participat

Rajasthan govt encourages farmers to set up solar pumps to cut cost

Fri, 01/27/2023 - 08:27
Agriculture Commissioner Kanaram said farmers were subsidised up to 60 per cent of the cost of setting up a solar-energy pump

Here's why bond veteran sees India's benchmark yield trending downwards

Fri, 01/27/2023 - 07:51
Investors will get a sense of how much more debt India is planning to raise in it's upcoming Feb 1 budget

Worst over for global economy, 'softer recession' likely: RBI governor

Fri, 01/27/2023 - 07:42
There is a need to improve retail access to markets, particularly gilts and derivatives, he says