New Delhi: The government will formulate a strategy to make India self-reliant in edible oils by boosting domestic output of oilseeds and launch a comprehensive programme to support dairy farmers, Finance Minister Nirmala Sitharaman announced on Thursday. India imports a large quantity of edible oils to meet the domestic demand. During the 2022-23 marketing year…
New Delhi: All is well was the Finance Minister’s overarching message in an interim budget that was essentially a patting-herself-and-the-government-on-the-back exercise ahead of elections. To emphasize this message, she even promised to present a white paper on the mismanagement of finances till 2014. Nirmala Sitharaman also assured that she will be back with the full budget…
New Delhi: Finance Minister Nirmala Sitharaman will on Thursday present the Modi 2.0 government’s last Budget before the general elections, which is likely to contain a mix of measures for the economy and electorally significant segments like farmers and women. Peppered with political innuendos, her sixth straight Budget may present a political document with a…
Mumbai: The RBI on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. The Reserve Bank’s action against Paytm Payments Bank Ltd (PPBL) follows a comprehensive system audit report and subsequent compliance validation report of the external auditors….
New Delhi: The Budget Session of Parliament, the last of the present Lok Sabha, begins on Wednesday with an address by President Droupadi Murmu to a joint sitting, as the government sought cooperation of opposition parties to ensure the proceedings run smoothly. All eyes will be on the President’s address and the interim budget Finance…
New Delhi: The BJP-led National Democratic Alliance (NDA) is likely to gain around six seats in the Rajya Sabha after the February 27 elections to fill up 56 vacancies, with the JD(U) and the NCP faction led by Ajit Pawar having joined the ruling coalition. The Election Commission on Monday announced elections to the 56…
New Delhi: Tamil Nadu’s nominal Gross State Domestic Product (GSDP) is estimated to expand to around USD 2.6 trillion by 2047-48, from USD 294 billion last fiscal, but the state will need to allocate capital expenditure of USD 111 billion to realise this potential growth, according to a report by CREDAI and Knight Frank. Real…
New Delhi: The ongoing attacks on shipping vessels by Houthi militants in the Red Sea have not impacted the flow of crude oil to India but freight has gone up due to rerouting via the Cape of Good Hope, Hindustan Petroleum Corporation Ltd (HPCL) chairman Pushp Kumar Joshi said. India, the world’s third-biggest oil importer,…
Panaji (Goa): The Cheers group, India’s leading luxury spirits conglomerate has been honoured with top awards at the global Drinks Live prestigious Business Awards including ‘Lifetime Achievement’ Award for its founder Dr Mohan Krishna. Dr Krishna is the “World’s first liquor marketing Doctorate” and recipient of “Alcobev marketing guru” and “Marketing scientist of the millennium”…
Mumbai: Private carrier Air India on Monday commenced the commercial operations of its first wide-body A350 aircraft with a flight taking off for Chennai from the Mumbai airport. The 316-seater A350-900 aircraft has a three-class cabin configuration with 28 private business suites with full-flat beds, 24 premium economy and 264 economy seats. “Air India flight…
