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Markets end flat after choppy trade; Sensex rises 31 pts, Airtel gains 1.5%

Tue, 01/09/2024 - 07:26
The upmove in intra-day trade followed sharp gains in the US markets, particularly technology stocks. However, the tech-heavy Nasdaq index, which gained 2.2 per cent on Monday, saw reversing gains

Retail inflation likely picked up to 5.87% in December on rising food costs

Tue, 01/09/2024 - 06:07
Food prices, which account for about half of the inflation basket, rose in November and remained elevated last month, largely led by vegetable prices and household staples

Energy conundrum: Govt to double coal production despite climate goals

Tue, 01/09/2024 - 05:59
Later, the power minister Raj Kumar Singh set out plans on Dec. 22 to add 88 gigawatts of thermal power plants by 2032. The vast majority of which will burn coal

Govt eyes doubling cash handout for women farmers ahead of Lok Sabha polls

Tue, 01/09/2024 - 05:05
The plan is likely to be announced in the budget on Feb. 1 and could cost the government an additional Rs 12,000 crore, said two of sources, all of whom declined to be named discussing budget proposal

Commerce ministry sets up task force to resolve trade issues for exporters

Tue, 01/09/2024 - 02:13
The commerce ministry has set up a task force to identify and resolve trade barriers being faced by exporters in other countries, a move which would help provide greater market access to domestic goods, an official said. The development assumes significance as many times India's exports suffer from these barriers such as time taking prior registration requirements and unreasonable domestic standards/rules in many countries. "We have constituted a task force within the ministry where we will be looking at the trade barriers, and technical barriers. The ministry has been focusing on how to improve systems, and improve standards," the official said. The ministry is also looking at improving mutual recognition agreements (MRAs) with different countries so that product standards are as per the requirements of the importing countries. Standards for goods and services should help in promoting global trade and not act as non-tariff barriers, the official added. According to a report of th

India-Oman to begin next round of free trade discussions from Jan 16

Tue, 01/09/2024 - 00:09
The next round of talks for the proposed free trade agreement (FTA) between India and Oman will start from January 16 and the negotiations for the pact are progressing well, a senior official said on Tuesday. The talks on the text of most of the chapters have been concluded by both sides for the pact, officially dubbed the Comprehensive Economic Partnership Agreement (CEPA). "The negotiations are progressing well. Two rounds of in-person negotiations and many inter-sessional meetings have already been held. Good progress has been made on all the chapters covered under the CEPA," the official said. On certain media reports that the talks may get delayed, the official said that any talk of hindrances or bottlenecks is "speculative and presumptuous" as the negotiating process is currently underway. Currently, both sides are working towards conclusion of the negotiations with an objective of delivering a mutually beneficial agreement contributing to the welfare and development of the .

SC seeks govt's response on pleas by online gaming cos challenging 28% GST

Mon, 01/08/2024 - 13:50
The bench, led by Chief Justice of India DY Chandrachud, issued notice in pleas by online gaming companies such as Head Digital Works, Games 24/7, and Dream 11 challenging the government's decision

GAEC application for SCOMET items: Exporter must have trust in end user

Mon, 01/08/2024 - 12:13
Para 10.16 A.II.b.ii says that the applicant exporter is required to declare that the items that are intended to be exported shall not be used for any purpose other than the purpose(s) stated

Central banks worldwide to ease monetary policy in coming year: Report

Mon, 01/08/2024 - 11:45
After racing ahead with the most aggressive tightening campaign in decades during 2022, 2023, central banks around the world poised to begin easing monetary policy as inflation continues to retreat

ESIC leads in providing social security benefits by formalising workforce

Mon, 01/08/2024 - 10:49
ESIC is the primary government scheme that provides socio-economic protection against sickness, maternity, disablement, and death due to work-related injuries to employees in the organised sector

India-Maldives row: Traders to refrain from dealing with island, asks CAIT

Mon, 01/08/2024 - 10:36
Amid the India-Maldives diplomatic row, traders' body CAIT on Monday called upon domestic traders and exporters to refrain from conducting business dealings with the island nation. CAIT Secretary General Praveen Khandelwal observed that the offensive comments targeting Prime Minister Narendra Modi have been deemed unacceptable by the business community, and this call to boycott aims to express solidarity and register disapproval against such disrespectful behaviour. The Confederation of All India Traders (CAIT) stated it has "urged traders and exporters to refrain from conducting business dealings with the Maldives". Khandelwal said the appeal "encourages traders to stand united in sending a strong message against such behaviour by temporarily abstaining from trade engagements with the Maldives". Khandelwal stressed upon the need for mutual respect in diplomatic discourse and condemned any form of disrespect towards the leaders of friendly nations. Meanwhile, the Maldivian envoy t

Tamil Nadu GIM secures Rs 6.6 trn investment, to create 2.69 mn jobs

Mon, 01/08/2024 - 08:45
Among the investors, Tata Power ranked on the top by signing deals to invest Rs 70,000 crore to come up with 10 gigawatt (GW) solar and wind units in Tamil Nadu over a period of five to seven years

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