Mumbai: Reserve Bank Governor Shaktikanta Das on Wednesday said that the Indian economy has made a solid recovery and is among the fastest-growing large economies despite heightened uncertainties and formidable headwinds. He said that financial stability is non-negotiable and all stakeholders in the financial system must work to preserve this at all times. “The Reserve Bank…
New Delhi: The Centre on Wednesday announced a Rs 10 per quintal hike in sugarcane Fair and Remunerative Price (FRP), which is the minimum price that mills have to pay to sugarcane growers, to Rs 315 per quintal for the 2023-24 season starting October. The decision to increase the FRP of sugarcane was taken at…
Panaji: India is a growing and thriving single-malt Nation. The world’s largest consumer of whisky is India. Today, India is home to only eight single-malt distilleries despite such a huge populous country, among which Dr. Mohan Krishna led Cheers group is notable in bottling under their prized brand names. For a fine example, Three Monkeys Single…
Islamabad: Cash-strapped Pakistan and the IMF are discussing a new short-term standby arrangement (SBA) worth about USD 2.5 billion to get the country through the political transition to the newly-elected government in the second quarter of the current fiscal year, according to a media report on Wednesday. Pakistan’s ninth review by the International Monetary Fund (IMF)…
New Delhi: Elections to 10 Rajya Sabha seats, including those held by External Affairs Minister S Jaishankar and Trinamool Congress (TMC) leader Derek O’Brien, will be held on July 24, the Election Commission (EC) said on Tuesday. The 10 seats in the Upper House of Parliament are falling vacant in July and August with Bharatiya Janata…
New Delhi: A functionality enabling public procurement portal GeM to impose penal interest for making delayed payments to vendors by government ministries and departments will be operational in July, a senior official said on Tuesday. In 2020, the government decided to levy a 1 per cent penalty on government departments and agencies for delayed payments to…
Panaji: Women empowerment in the Drinks Industry. Ahoy! When we talk about what the future of the liquor industry looks like, their favorite drink trend, and how they’re blazing a trail for the next generation, you might recognize a few familiar faces. Anuradha Balivada started her entrepreneurial journey in 2009, she is co-founder of Cheers…
New Delhi: Kia India on Monday said it is recalling over 30,000 units of its model Carens for a software update. The automaker is recalling a total of 30,297 units of the model manufactured between September 2022 and February 2023. The company conducts regular checks and rigorous testing of components, governed by brand’s global standard, Kia…
Mumbai: Union Road Transport and Highways Minister Nitin Gadkari has said new vehicles will be introduced that run entirely on ethanol.. Speaking at an event in Nagpur on Sunday, the minister recalled that he recently met the chairman of Mercedes Benz company which launched an electric vehicle. “He (the chairman) told me they would make…
New Delhi: India’s oilseed exports are expected to grow by 10-15 per cent during this fiscal as traders are getting good orders from regions like Southeast Asia, Latin America and Africa, according to exporters. In 2022-23, the oilseed exports rose by over 20 per cent to USD 1.33 billion (around Rs 10,900 crore). The main…
