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Cabinet okays disbursement of additional compound interest waiver claims

Wed, 01/19/2022 - 06:43
238 million borrowers got waiver of interest-on-interest on loans up to Rs 2 crore

Cabinet sanctions Rs 973 cr to SBI for ex-gratia payment to borrowers

Wed, 01/19/2022 - 05:52
Cabinet approves scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts

HAL signs contract with Mauritius for export of advanced light helicopter

Wed, 01/19/2022 - 04:52
HAL has signed a contract with the Mauritius government to export one advanced light helicopter (ALH Mk-III) for the country's police force, an official statement said on Wednesday.

52% of Indian MSMEs saw a positive impact post pandemic: PayPal survey

Wed, 01/19/2022 - 04:07
Study says 29% of MSMEs felt business environment in India became more favourable for online sales; for 31% cross-border opportunity was promising

NTPC top biomass user in India, consumes 58,000 MT: Power Ministry

Wed, 01/19/2022 - 02:46
State-run power giant NTPC has emerged as the top biomass user, having co-fired about 58,000 MT of biomass, while tendering a total of 10.7 MMT over short-term and long-term basis, the power ministry said on Wednesday. As on date, approximately 59,000 metric tonnes (MT) of biomass has been co-fired in thermal power plants in the country, while tenders for 12 million metric tonnes (MMT) are at different stages of process for short-term & long-term duration, the ministry said in a statement. "The biomass co-fired in the NCR (national capital) region stands at 21,000 MT and tenders floated in the region are about 5.50 MMT. Contracts have already been awarded for more than 11 lakh MT of biomass pellets," it added. Elaborating the progress of national biomass mission, SAMARTH (Sustainable Agrarian Mission on use of Agro Residue in Thermal Power Plants), the ministry said, among the state governments, Haryana State Genco has been able to co-fire around 550 MT of biomass in two of its ...

Omicron poses limited downside to India, say economists in poll

Tue, 01/18/2022 - 23:46
Asia's third-largest economy is in the midst of a resurgence in coronavirus cases driven by the new variant that has forced most states to impose localised restrictions

Economic Affairs committee, Union Cabinet to meet virtually today

Tue, 01/18/2022 - 22:52
The Cabinet Committee on Economic Affairs (CCEA) and Union Cabinet meeting will be held on Wednesday via video conferencing.

What did Indian PM and the Chinese President say at Davos?

Tue, 01/18/2022 - 22:00
While PM Modi pitched India as a global destination for investment at the World Economic Forum, China's Xi Jinping condemned building 'exclusive yards and high borders'. Here's what they emphasised

India signs agreement with international body on cooperative sector

Tue, 01/18/2022 - 21:57
India has signed an agreement with the International Co-Operative Alliance Asia And Pacific (ICAAP) intending to assimilate and develop further on the core strengths, experience

Third Covid wave to trim fashion retailers' revenues by 8% in FY22: ICRA

Tue, 01/18/2022 - 15:57
The agency said that restrictions are expected to be limited to Q4FY22 and estimated to be around six to eight weeks

Finance ministry invites applications for Irdai whole-time member post

Tue, 01/18/2022 - 15:48
The applicant should preferably have at least 25 years of experience in the area of insurance

DoT revises international roaming SIM card rules to enhance protection

Tue, 01/18/2022 - 15:32
The move aims to benefit Indians visiting abroad and also streamlines procedures in line with the other licences

DPIIT officials, top e-tailers meet to discuss e-commerce policy

Tue, 01/18/2022 - 12:36
"None of the e-commerce companies refuted the charges made by the CAIT and other associations," CAIT said in an official statement

DPIIT holds meeting with various stakeholders on proposed e-commerce policy

Tue, 01/18/2022 - 09:59
The Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday held a meeting with different stakeholders, including domestic and foreign companies, on the proposed e-commerce policy, an official said. The meeting was attended by domestic and foreign e-commerce firms besides domestic traders body CAIT (Confederation of All India Traders) and associations related to the MSME sector, the official added. CAIT in a statement said the meeting was attended by All India Consumer Products Distributors Federation (AICPDF), Retailers Association of India, Laghu Udyog Bharti, and Federation of Indian Micro and Small & Medium Enterprises (FISME). Representatives of e-commerce firms, including Amazon and Flipkart, also attended the virtual meeting, which was chaired by DPIIT Additional Secretary Anil Agarwal, along with other senior officials of the ministry. Confirming his participation in the meeting, CAIT Secretary General Praveen Khandelwal said the e-commerce policy should

Will use SC order to counter Devas enforcements in international fora: FM

Tue, 01/18/2022 - 09:04
"It is a fraud of Congress, by Congress (and) for Congress," the minister said

20 states evince interest to avail additional borrowing for power sector

Tue, 01/18/2022 - 08:51
The Ministry of Finance had launched a programme in June 2021 to allow additional borrowing space of Rs 80,000 crore to states

Vikram Dev Dutt appointed new CMD of Air India

Tue, 01/18/2022 - 08:27
Senior bureaucrat Vikram Dev Dutt has been appointed as the Chairman and Managing Director of Air India Ltd as part of a senior-level bureaucratic reshuffle effected by the Centre on Tuesday. Dutt is a 1993-batch IAS officer of AGMUT (Arunachal Pradesh, Goa, Mizoram and Union Territory) cadre. He has been appointed as the Air India chief in the rank and pay of Additional Secretary, an order issued by the Personnel Ministry said. Chanchal Kumar has been appointed as Managing Director, National Highways & Infrastructure Development Corporation Ltd, it said. Kumar, a 1992-batch IAS officer, is at present posted in his cadre state Bihar.

Traders body CAIT asks govt for robust and unambiguous e-commerce policy

Tue, 01/18/2022 - 08:11
Alleges that FDI policy has been continuously violated by foreign-funded e-commerce firms right under govt's nose, no action taken against such companies so far

India offers $500-mn fuel credit line to forex strapped Sri Lanka

Tue, 01/18/2022 - 06:36
The credit line, which was under negotiation since August 2021, will ease pressure on the country's dwindling reserves that dipped to $3.1 bn at the end of December.

Third Covid-19 wave may knock-off 1-2% growth in HFC assets: Crisil

Tue, 01/18/2022 - 04:18
Growth would still be higher by about 1-2% over fiscals 2020 and 2021. But it would be slower than the broad-based 24% logged between fiscals 2011 and 2019

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