Protection of elderly from financial frauds needs to be ensured, says NITI

The ban on export of onion will continue till its previously announced deadline of March 31 as the government is keen to keep prices under check and ensure domestic availability, a top official said on Tuesday. On December 8, 2023, the government had banned export of onion till March 31. "Ban on onion exports has not been lifted. It is in force and there is no change in the status," Consumer Affairs Secretary Rohit Kumar Singh told PTI. The government's supreme priority is to ensure enough domestic availability of onion at reasonable prices to consumers, he added. On reports of lifting of the export ban on the commodity, the modal wholesale onion prices shot up 40.62 per cent to Rs 1,800 per quintal on February 19 in Lasalgoan, the country's largest wholesale onion market, from Rs 1,280 per quintal on February 17. Ahead of general elections, the ban is unlikely to be lifted even after March 31 as rabi (winter) onion production is expected to be lower due to less coverage of area .

Taking to his official 'X' handle, formerly Twitter, the Home Minister also greeted the citizens of Arunachal Pradesh, wishing for new heights of development in the state in the coming future

An Indian government delegation has visited Singapore to bolster trade relations and attract investment to the country. The delegation, led by Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh, engaged in productive discussions with high-ranking government officials in Singapore and participated in investor roundtables on Monday. Singh also addressed the India-Singapore Trade Roundtable on the Food and Machinery Sector, organised by the Federation of Indian Chambers of Commerce & Industry (FICCI) and the High Commission of India in Singapore, in partnership with the Singapore Business Federation. The event served as a platform for Indian and Singaporean businesses to explore avenues for enhancing trade, joint ventures, technology exchanges, and partnerships, a FICCI official said on Tuesday. The visit of the delegation was aimed at inviting investors to India and enhancing trade ties between India and Singapore, the official said. Singh .

The Kerala government has flayed the Centre's stand to allow the state to borrow money only if it withdrew the case before the Supreme Court, terming it "highly disappointing" and detrimental to fiscal federalism. Addressing media here on Monday, state Finance Minister K N Balagopal claimed that the central government has informed the apex court that if Kerala withdraws its petition, the government will give the state permission to borrow around Rs 12,000 crore on Monday itself. "The state government has filed the case in the Supreme Court for the fund which is rightfully ours," he said. "The Union government's stand is highly disappointing and will affect the fiscal federalism of the state and the day-to-day activities of the state government," Balagopal added. "Our lawyer Kapil Sibal argued for us and said we were seeking the amount that is rightfully ours. We have filed the petition seeking the fund as per our constitutional rights. They have asked us to withdraw our plea and it

Eight sub-committees have been constituted under the India-Asean free trade agreement joint committee for undertaking negotiations on different areas related to the review of the pact, an official statement said on Monday. India hosted the third meeting of the committee for undertaking the review here from February 16-19. The AITIGA (Asean-India trade in goods agreement) was signed in 2009. In September 2022, both sides tasked the AITIGA Joint Committee to undertake the review to make the agreement more trade facilitative and mutually beneficial. "A total of eight sub-committees have been constituted under the AITIGA Joint Committee for undertaking negotiations on different policy areas related to the agreement," the commerce ministry said. The first two meetings of the joint committee were held in May and August last year. In the meeting, the ministry said, the sub-committees reported the progress and outcome of their discussions related to market access, rules of origin and ...

Chandrasekhar explained that innovators in the country have always been ahead of the curve, and it is the role of the government to keep up with the pace of innovation and regulation

Use of green hydrogen in the production of ammonia can be achieved by putting up grass-root green ammonia plants and scrapping of existing plants

Infrastructure will be a vital component for India to become a developed country by 2047, Union minister Hardeep Singh Puri said on Monday and asserted that the country will be the third-largest construction market globally by next year. Highlighting the vitality of the construction industry for the Indian economy, the Union housing and urban affairs minister said the construction industry is among the fastest growing industries in the country. Addressing a gathering at the inauguration of the National Workshop on 'Recent Development with recycling and use of construction and demolition waste in the construction sector here, he said solid waste processing in India has witnessed a significant rise from mere a 17 per cent in 2014 to more than 77 per cent in 2024. Norwegian Ambassador to India May-Elin Stener also attended the event. "Now, we are transferring these capabilities in other forms of waste management, including construction and demolition waste, plastic waste, e-waste and

Overall, the share of workers having wage/salaried employment has declined to 20.9 per cent in 2022-23 from 23.8 per cent in 2018-19

This is because the government believes that the differential between local and international prices has been maintained

Commerce and Industry Minister Piyush Goyal on Monday exuded confidence that the Reserve Bank will cut interest rates as inflation is under control. The RBI has been maintaining the benchmark interest rate at an elevated level of 6.5 per cent since February 2023. Goyal said that the economic fundamentals of the country are strong and inflation is under check. He said that the average inflation of 10 years in India is about 5 to 5.5 per cent. It was the best-performing decade and because of that, the interest rate came down "dramatically" and the central bank was strengthened and had the ability to bring down the interest rate. "Of-course in the last year and a half, post Ukraine-crisis, interest rates have again gone up by 250 basis points. But now that inflation is pretty much in control, I suspect we will soon see the reversal of the rate hikes starting in India, whether it happens in the next or the second monetary policy from now. I think it's only a matter of time," Goyal ...

Taking forward its pioneering initiatives in nature conservation, the Tamil Nadu government on Monday announced the 'TN-SHORE', a mission to restore coastal resources across 14 districts covering 1,076 km. Presenting the Budget Estimates for 2024-25 in the Assembly, Finance Minister Thangam Thenarasu said about Rs 1,675 crore has been sanctioned to the mission, titled 'Neithal Meetchi Iyakkam' which would enhance biodiversity by protecting coasts, improve livelihoods of local communities, and contain pollution in those areas. "This initiative will capitalise on the potential of the Blue Economy and will primarily focus on the restoration of mangroves, coral reefs, and salt marshes," he said. It will take up the conservation of mangroves besides reviving coral reefs at Kariyachalli islands in the Gulf of Mannar. Additionally, works are underway to establish a sprawling botanical garden in Kadambur, Chengalpattu, spanning 137 acres, at a cost of Rs 345 crore, in collaboration with ..

The Red Sea falls in an important transit route from Mediterranean Sea to Arabian Sea through Suez Canal

Tamil Nadu's fiscal deficit in the Budget Estimates for 2024-25 stood at 3.44 per cent of the GSDP despite a decline in the State's Own Tax Revenue (SOTR) due to two successive natural calamities in December 2023 resulting in additional expenditure, State Principal Secretary-Finance T Udhayachandran said on Monday. The SOTR suffered a revenue loss due to cyclone Michaung and unprecedented rains in the southern districts. The state government had to spend more on flood relief, provide immediate relief measures besides initiate long-term relief measures, he said. "This budget has been prepared under this financial stress...Nevertheless, Tamil Nadu's economy is robust. We expect a 15 per cent growth in our SOTR through the Commercial Taxes Department," Udhayachandran told reporters here. The Registration department did not see the expected growth last year but next year the government hoped that it would fetch more revenue to the state, he added. Briefing the media on the Budget ...

PM Modi's UP visit: These projects are expected to give an edge to Uttar Pradesh's economic push and are related to sectors including manufacturing, green energy, information technology

The fourth round of talks between farmers and Union ministers concluded late Sunday night

While the new laws aimed to make the mandis - and their notoriously extractive middlemen - irrelevant, the farmers read them as a sign that the six-decade-old price mechanism itself would be scrapped

A panel of three Union ministers on Sunday proposed the buying of pulses, maize, and cotton crops by government agencies at minimum support prices for five years after entering into an agreement with farmers. Speaking to the media after a more than four-hour-long meeting with farmer leaders here, Union Minister Piyush Goyal said the innovative and out-of-the-box idea came up during the discussions. The minister said the farmer leaders will decide on the proposals put forward by the government by Monday morning. "Cooperative societies like the NCCF (National Cooperative Consumers Federation) and NAFED (National Agricultural Cooperative Marketing Federation of India) will enter into a contract with those farmers who grow 'tur dal', 'urad dal', 'masoor dal' or maize for buying their crop at MSP for next five years," said Goyal. There will be no limit on the quantity (purchased) and a portal will be developed for this," he added. It will save Punjab's farming, improve the groundwater

Beijing is striking a delicate balancing act to support the economy at a time when signs of persistent deflationary pressure call for more stimulus measures