The coal ministry is developing a logistics policy for the sector and a national coal evacuation plan with a view to reducing logistics costs, an official statement said on Saturday. An inter-ministerial meeting on logistics was held to review the progress of implementation of the national logistics policy, the statement said adding that it was […]
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Commerce and Industry Minister Piyush Goyal on Saturday said he is hopeful of India finalising certain free trade agreements (FTAs) in the next few months, which would help promote exports. India is in the final stages of concluding FTA negotiations with the UK. The country is also negotiating similar pacts with Canada and European Union […]
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The Energy Transition ministerial under India’s G20 Presidency concluded with no joint communique. In addition to other significant tracks such as finance and agriculture, now energy transition has also failed to find a clear consensus on all issues raised by the G20 nations. One of the major sticking points was the language around the Russia-Ukraine […]
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News channel Times Now has stated that WFI chief Brij Bhushan Singh misbehaved with its journalist at Delhi airport today. This was hours after the Indian Express reported that the Delhi police, in its chargesheet filed last month, had found Singh liable to be “prosecuted and punished” for sexual harassment, molestation and stalking. A video clip showed Times Now journalist Tejshree Purandare trying […]
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Net direct tax collections have risen by a huge 160 per cent to Rs 16,61,428 crore in 2022-23 from Rs 6,38,596 crore in 2013-14, according to time series data released by the Finance Ministry on Thursday. As per the data, gross direct tax collections also witnessed a massive 173 per cent rise to Rs 19,68,780 […]
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The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank Ltd, three people familiar with the matter told Reuters. Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those that have submitted expressions of interest, two of the […]
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France has banned government employees from using all types of social media platforms, gaming, and video-streaming apps on their work phones, citing cybersecurity and privacy concerns, amid widespread protests across the country. The ban, which comes into force immediately, includes Chinese-owned video-sharing TikTok application, Instagram, Candy Crush, and Netflix, the Ministry of Public Sector Transformation and […]
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The surprise 25 per cent hike in securities transaction tax (STT) on sales of futures and options (F&O) contracts has met with a disapproval from the stock-broking community, who fear a hit on volumes, impact costs and profitability.
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MUMBAI(Reuters) – The Reserve Bank of India (RBI) sold net $384 million in the spot foreign exchange market in January, the central bank’s monthly bulletin showed on Tuesday. The RBI said it purchased $12.90 billion and sold $13.29 billion in the spot market in the month. In comparison, it bought net $3.84 billion in the spot market in December. […]
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The IT services sector in India may have to bear the brunt of the banking sector crisis in the US and Europe, which may affect their FY24 growth momentum. The industry counts banking, financial services, and insurance (BFSI) as its largest customer base. According to Nasscom, BFSI constituted 41 per cent of the industry’s revenue […]
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