The Arunachal Pradesh government on Saturday signed an agreement with the Tehri Hydropower Development Corporation India Ltd (THDCIL) for developing the 1,200-mw Kalai-II hydroelectric project in the Lohit river basin at a cost of Rs 13,000 crore. State Hydropower Commissioner Ankur Garg and THDCIL's director (technical) Bhupender Gupta signed the agreement on behalf of the two sides. Chief Secretary Dharmendra presided over programme. In August, the state government signed agreements with three central PSUs -- NHPC, SJVN and NEEPCO -- for developing 12 hydropower projects, having a combined capacity of 11,517 mw, in Subansiri, Dibang and Siang basins. With the allotment of Kalai-II project to THDCIL, the government concluded agreements for 13 projects with a total capacity of 12,717 mw in this calendar year. The Kalai-II project was initially allotted to an independent power developer in 2009 but it did not take off due to various reasons. This is the first project to be taken up b

As many as 28 countries and 14 organisations have so far confirmed to be partners for the upcoming Vibrant Gujarat Global Summit (VGGS) 2024, the state government said on Saturday. The 10th edition of VGGS, based on the 'Gateway to the Future' theme, will be organised in Gandhinagar from January 10 to 12. The countries that agreed to join as partners are Australia, Bangladesh, Czech Republic, Egypt, Estonia, Finland, Germany, Indonesia, Japan, Kenya, Malaysia, Malta, Morocco, Mozambique, Nepal, Netherlands, Norway, Poland, Republic of Korea, Rwanda, Singapore, Tanzania, Thailand, the UAE, United Kingdom, Uruguay, Ghana, and Vietnam, stated an official release. The partner organisations include the American Chamber of Commerce in India (AMCHAM India) EPIC India-University of Chicago, Indo-American Chamber of Commerce (IACC), Indo-African Chamber of Commerce and Industry, International Solar Alliance, Japan External Trade Organization (JETRO), Korea Trade and Investment Agency, among

The government transferred the amount to states as tax devolution for financing various social welfare measures and infrastructure development schemes

Cost overrun maximum for transport sector

Gold investors anticipate record-high prices next year, when the fundamentals of a dovish pivot in U.S. interest rates are expected to support the market

Natural gas consumption to rise 10-15% this financial year, driven by CGD

A series of mega-events are slated in the coming months to elevate India's position as a global economic powerhouse, Commerce and Industry Minister Piyush Goyal has said. The planned lineup of mega events commences with the Aatmanirbhar Bharat Utsav scheduled from January 3-10 at Bharat Mandapam in the national capital. This event aims to exhibit a rich array of offerings -- including products from artisans, weavers, khadi, tribal crafts, MSMEs (Micro, Small and Medium Enterprises), and cottage industries -- and provide a direct interface between producers and consumers. Following this, the 'Indus Food' exhibition will be held at India Exposition Mart, Greater Noida, from January 8-10. The Bharat Mobility Global Expo 2024 will take place on February 1-3 at Bharat Mandapam. "Covering a sprawling 10 lakh square feet, this extensive mobility exposition will feature stakeholders across the automobile and mobility sector, showcasing their strengths and innovations. The expo will highli

Retail inflation for industrial workers increased marginally to 4.98 per cent in November compared to 4.45 per cent in October this year, mainly due to higher prices of certain food items. Food inflation stood at 7.95 per cent against 6.27 per cent in the previous month (October 2023) and 4.30 per cent during the corresponding month (November 2022) a year ago, a labour ministry statement said. According to the statement, year-on-year inflation for the month stood at 4.98 per cent in November compared to 4.45 per cent for the previous month (October 2023) and 5.41 per cent during the corresponding month (November 2022) a year before. The All-India CPI-IW (Consumer Price Index for Industrial Workers) for November 2023 increased by 0.7 points and stood at 139.1 points. The CPI-IW was 138.4 points in October 2023. On one-month percentage change, it increased by 0.51 per cent with respect to the previous month, whereas it remained stationary between the corresponding month a year ago,

The total reserves in the recent week increased due to the $4.6 billion rise in foreign currency assets

Madan Sabnavis, chief economist at Bank of Baroda, said core sector growth in November showed steady growth and the slight moderation had been due to base effects

The income tax department on Friday said over 8 crore ITRs have been filed for assessment year 2023-24 till date. "Unique landmark for the Income-tax Department! Over 8 crore ITRs filed for the AY 2023-24 till date," the income tax department said in a post on X. The total filing for AY 2022-23 was 7,51,60,817.

The Government, CGA data indicates, is moving towards fiscal consolidation, with improved tax collections compared to the April-October period and compressed capital expenditure

In the previous reporting week, the kitty had swollen by $9.112 billion to $615.971 billion, making the quantum of increase one of the highest in a week

The FinMin report also highlighted that the relatively stable Indian rupee against the US dollar and other prominent currencies, and adequate foreign exchange reserves, add to the optimism

Issues like duty concessions on scotch whisky and electric vehicle (EV) and matters concerning the services sector, including mobility of skilled workers, may figure in the next round of proposed FTA talks between India and the UK in January, an official has said. The official also said that both sides have resolved most of the issues in the rules of origin and intellectual property rights (IPRs) chapters. There are 26 chapters in the agreement, including goods, services, investments and intellectual property rights. Though the negotiations between the two countries have reached their last leg, both sides have yet to resolve differences on major issues like British demand for significant customs duty concessions on scotch whisky, and EVs and liberalisation of norms in services sectors like banking, insurance, legal, and Indian demand for easy movement of professionals, the official added. The two countries have concluded 13 rounds of talks, and the next round is scheduled in Januar

The WALR on outstanding rupee loans of SCBs was at 9.80 per cent in November 2023 as against 9.84 per cent in October 2023 and 9.83 per cent in September