Mumbai: Regulator AERA has allowed levying of a user development fee of up to Rs 1,225 at the upcoming Navi Mumbai airport on an ad-hoc basis. The airport is being developed by the Navi Mumbai International Airport Ltd (NMIAL). Passengers flying out from the airport, which is to be operational later this year, will have…
On Saturday, International Yoga Day was observed worldwide—an annual recognition now enshrined in the United Nations Charter, thanks to Indian Prime Minister Narendra Modi’s initiative. Modi, an ardent practitioner of this ancient discipline, has repeatedly emphasized yoga’s role in fostering both personal peace and global harmony. His participation in Andhra Pradesh’s record-breaking event—where nearly two…
New Delhi: The commerce ministry on Friday will meet stakeholders, including shipping lines, exporters, container firms, and other departments, to assess the impact of the Iran-Israel conflict on India’s overseas trade and address related issues, an official said. The industry official said that the meeting will be chaired by Commerce Secretary Sunil Barthwal. “The meeting…
London: The India-UK Free Trade Agreement (FTA) brings “stability and predictability” for businesses in both countries, Commerce and Industry Minister Piyush Goyal said on Wednesday. During a session at the India Global Forum (IGF) UK-India Week titled ‘Agreement to Action in the UK-India FTA’, the minister shared his optimism around the “good marriage” agreed between…
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday held a review meeting with fintech firms and assured that the government will continue to support the industry. During an interaction with founders, CEOs, and senior leaders of fintech companies, various issues such as ease of doing business for fintechs and preventing financial fraud were discussed. Sitharaman…
Mumbai: Benchmark indices Sensex and Nifty closed lower on Wednesday as soaring tensions in the Middle East and caution ahead of the US Fed interest rate decision hit investor sentiment. Surrendering its early gains, the 30-share BSE Sensex declined by 138.64 points or 0.17 per cent to close at 81,444.66. After a weak opening, the…
New Delhi: June 17 Commerce and Industry Minister Piyush Goyal will hold talks with his British counterpart Jonathan Reynolds on the implementation of the India-UK free trade agreement, the conclusion of which was announced on May 6, during his visit to London, an official said on Tuesday. The two-day visit is commencing on June 18….
New Delhi: Amid escalating tensions between Israel and Iran and growing volatility in global oil markets, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday assured that India remains well-prepared to meet its fuel needs and maintain energy security. Reviewing the situation with top officials from the petroleum ministry and heads of public…
New Delhi: After registering a positive growth for two months, India’s exports slipped into negative territory again, contracting 2.17 per cent year-on-year to USD 38.73 billion in May due to a fall in petroleum goods’ shipments, while trade deficit narrowed to USD 21.88 billion during the month. According to government data released on Monday, imports…
New Delhi: India is hopeful of a positive outcome from its engagement with China to address issues related to Beijing’s export curbs on rare earth magnets, which are mainly used in the auto sector, a top government official said on Monday. China’s restrictions on the export of rare earth elements and related magnets are affecting…
