Mumbai: The Reserve Bank of India on Friday approved a Rs 87,416 crore-dividend payout to the central government for 2022-23, nearly triple of what it paid in the previous year. The dividend payout is significantly higher than the amount estimated in the Union Budget 2023-24 from the central bank and state-owned financial institutions. The government…
New Delhi: The Ghaziabad-Aligarh Expressway has made history by laying of bituminous concrete over a distance of 100 lane kilometers in an unprecedented time of 100 hours, an official statement said on Friday. The ministry of road transport and highways in a statement said this accomplishment highlights the dedication and ingenuity of India’s road infrastructure…
New Delhi: Union Chemicals and Fertilisers Minister Mansukh Mandaviya on Friday asked foreign companies to invest in India’s petrochemical industry that presents huge business opportunities. Addressing ‘Asia Petrochemical Industry Conference 2023’, Mandaviya asserted that the Modi government is pro-farmer, pro-poor and is also industry-friendly. He said the government is making long-term policies for chemicals and petrochemicals…
New Delhi: Embracing digital transformation in response to the Covid pandemic, media company ZEE is focused on leveraging cutting-edge technologies to deliver personalised content experiences to global audiences, says Kishore A K, Chief Technology Officer (CTO) of Zee Entertainment Enterprises Limited. The pandemic, he said, increased demand for digital channels and streaming services, presenting an…
Mumbai: Malabar Gold and Diamonds on Friday said it has obtained a TRQ (Tariff Rate Quota) license from the Director General of Foreign Trade (DGFT). TRQ will help Malabar Gold and Diamonds in importing gold through the IIBX, under the India-UAE Comprehensive Economic Partnership Agreement (CEPA), at reduced duty rates, the company said in a statement….
Mumbai: The Reserve Bank of India on Friday announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited in bank accounts or exchanged by September 30. The bank notes in Rs 2,000 denomination will continue to be a legal tender, the RBI said in a statement. In order…
Mumbai: Rising for the second consecutive week, India’s forex kitty jumped USD 3.553 billion to USD 599.529 billion for the week ended May 12, the RBI said on Friday. The overall reserves had jumped by USD 7.196 billion to USD 595.976 billion for the previous reporting week. It can be noted that in October 2021, the…
New Delhi: The Supreme Court on Friday directed the Bihar government to produce complete original records with regard to the remission granted to former MP Anand Mohan, who was serving life term in the 1994 murder case of then Gopalganj District Magistrate G Krishnaiah. A bench of Justices Surya Kant and JB Pardiwala told advocate Manish…
New Delhi: Dwarka Expressway, India’s first elevated 8-lane access control urban expressway, being constructed at an estimated cost of Rs 9,000 crore, as part of the Delhi decongestion plan, will be completed by April 2024, Union Minister Nitin Gadkari said on Thursday. The Expressway will be completed in four packages, he added. Gadkari was inspecting the…
New Delhi: S&P Global Ratings on Thursday affirmed India’s sovereign rating at ‘BBB-‘ with a stable outlook and said sound economic fundamentals will underpin growth over the next 2-3 years. The stable outlook on the long-term rating reflects S&P’s view that India’s strong economy and healthy revenue growth will support its weak fiscal settings. “S&P Global…
