New Delhi: Gold prices climbed Rs 5,091 to Rs 1.44 lakh per 10 grams in futures trade on Wednesday amid strong global trends and a weak US dollar. On the Multi Commodity Exchange, gold for the April contract appreciated by Rs 5,091, or 3.66 per cent, to Rs 1,44,003 per 10 grams. Analysts said the rally…
New Delhi: Technology solutions provider Avantel on Wednesday said it has secured a contract worth Rs 459.9 crore to supply and maintain Real-Time Train Information System (RTIS) devices for the Centre for Railway Information Systems (CRIS). The contract was awarded by Bengaluru-based Zetwerk, an infrastructure and technology partner to the Indian Railways. It covers the…
New Delhi: The government has mandated that cooking gas LPG supply to households will be discontinued if consumers fail to switch to piped natural gas where such connectivity is available, under a new order aimed at accelerating gas network expansion and reducing reliance on a single fuel. As India grapples with an LPG shortage due…
New Delhi: State-owned oil companies on Wednesday said there is no shortage of petrol, diesel or LPG in the country, urging citizens not to believe rumours circulating on social media or resort to panic buying. Indian Oil Corporation (IOC), the nation’s largest oil firm, said “there is no shortage of petrol or diesel”, adding that…
New Delhi: The government on Tuesday extended the validity of licences issued for gold import at quota-based duty concession under a free trade pact with the UAE till June 3 amid the West Asian crisis. Under the India-UAE comprehensive economic partnership agreement (CEPA), India has granted quota-based duty concessions on gold imports under the tariff…
New Delhi: Delhi Chief Minister and Finance Minister Rekha Gupta on Tuesday presented the Budget for the 2026-27 financial year with a total outlay of about Rs 1,03,700 crore and said the national capital is progressing rapidly with “triple engine” government. Describing it as a “green budget”, the chief minister said the city is passing…
Mumbai: Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday, in-line with a rally in global markets, after US President Donald Trump announced a temporary halt on strikes targeting Iranian energy infrastructure. The 30-share BSE Sensex jumped 1,516 points to 74,212.47 in early trade. The 50-share NSE Nifty surged 386.95 points to…
New Delhi: The government on Monday restored full benefits under the RoDTEP scheme to exporters till March 31 amidst the ongoing West Asia crisis disrupting global trade. Last month, the government halved the rate of duty benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme. The exporting community expressed disappointment and…
Modern Monetary Theory (MMT) has emerged as one of the most provocative and influential ideas in contemporary economics. Gaining prominence after the 2008 financial crisis and exploding into public debate during the COVID-19 pandemic, MMT challenges long-held assumptions about government budgets, debt, and the limits of spending. At its core, MMT reframes how sovereign governments…
New Delhi: There is no proposal of a complete loan waiver for farmers under consideration with the central government, Finance Minister Nirmala Sitharaman informed Parliament on Monday. However, she said, the government has taken several measures to strengthen the economic conditions of the farmers, including timely and adequate credit through Kisan Credit Card (KCC), wherein…
