New Delhi: The government on Friday hiked special additional excise duty (SAED) on crude petroleum to Rs 10,000 per tonne with effect from September 16. In the last fortnightly review on September 1, windfall tax on domestically produced crude oil was set at Rs 6,700/tonne. Besides, the SAED or duty on export of diesel will be…
Bengaluru: The Karnataka government on Friday organised a mega event of reading the Constitution’s preamble as part of the ‘International Day of Democracy’ celebrations with tens of lakhs of people participating in the programme from India and abroad at the same time. Chief Minister Siddaramaiah led the celebrations, along with Deputy Chief Minister D K Shivakumar…
Mumbai: Reserve Bank of India on Thursday said 15 large NBFCs, including LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, will be subject to enhanced regulatory requirements. The central bank has categorised NBFCs into Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL). A list of 15 large Non…
Nizamabad: BRS MLC K Kavitha on Thursday said the Enforcement Directorate (ED) notice issued to her in the Delhi Excise Policy case is politically motivated, and that the party’s legal team would decide the future course of action on it. The Enforcement Directorate has summoned the daughter of Telangana Chief Minister K Chandrashekar Rao to…
New Delhi: In a departure from global trends, India has recorded a substantial 76 per cent drop in solar module imports from China during the first half of 2023 which reflects New Delhi’s resolute shift towards self-sufficiency in solar manufacturing, a new report said on Thursday. Year-on-year, India’s solar module imports from China plummeted from…
Chennai: The Enforcement Directorate (ED) on Tuesday carried out searches at 30 places across Tamil Nadu in a case related to money laundering in sand mining, officials said. The searches were on at the premises of individuals in Chennai, Pudukottai and Dindigul, they said. The searches were being conducted against the sand mafia and contractors under…
Hyderabad: The city-based National Thermal Power Corporation (NTPC) won two awards on Monday at Hybiz Business Awards 2023 in two categories – Best Employee Engagement and Workplace Culture of the Year Award and Corporate Social Responsibility of the Year Award today in Hyderabad at HICC Novotel. Dr. KV Vara Prasad, Reddy, founder, and chairman, of…
Kolkata: The proposed ‘India-Middle East-Europe Economic Corridor’ announced during the just-concluded G20 Leaders’ Summit in Delhi will prove to be a game-changer project and provide huge impetus to global trade, Engineering Exports Promotion Council India (EEPC India) said on Monday. The corridor will also make the “global supply chain more resilient”, EEPC India chairman Arun Kumar…
New Delhi: The text of G20 leaders declaration on Ukraine conflict is a “convergent consensus” rather than a “divisive consensus” and it could show a path to resolution of the crisis, official sources said on Sunday, a day after India pulled of a breakthrough on the contentious issue. It was a combination of Prime Minister Narendra…
Washington/New Delhi: US President Joe Biden has rallied G20 nations to agree to collectively mobilise more headroom and concessional finance to boost the World Bank’s capacity to support low- and middle-income countries, the White House said on Saturday. Biden is currently in New Delhi to attend the annual G20 summit being hosted by India from…
