New Delhi: Solar and wind energy are poised to drive two-thirds of India’s power generation growth by 2032 if the nation successfully attains its renewable energy targets, according to a new analysis conducted by the global energy think tank Ember. Solar power in India has evolved significantly since 2017 when it accounted for only 1 per…
New Delhi: The Congress on Monday welcomed the Bihar government’s move to release the findings of a caste census and called upon the Centre to immediately conduct a similar exercise at the national level to ensure social justice and provide a firm foundation for social empowerment programmes. Former Congress president Rahul Gandhi said the caste census…
New Delhi: Delhi Police on Monday arrested one of NIA’s most wanted terrorists Mohammad Shahnawaz, accused of having links with an ISIS module, along with his two associates and seized incriminating material including those suspected to be used in IED fabrication, officials said. Shahnawaz was nabbed in Jaitpur in Delhi, while Mohammad Rizwan Ashraf and…
Mumbai: The country’s foreign exchange reserves declined further by USD 2.335 billion to USD 590.702 billion for the week ended September 22, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves dropped by USD 867 million to USD 593.037 billion. It can be noted that in October 2021, the country’s…
New Delhi: The government on Friday raised the interest rate on five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter and retained the rates for all other small savings schemes. According to a finance ministry circular, the interest rate on savings deposit has been retained at 4 per cent…
New Delhi: The Centre’s fiscal deficit in the first five months of 2023-24 touched 36 per cent of the full-year target, government data showed on Friday. In absolute terms, the fiscal deficit — the gap between expenditure and revenue — was Rs 6.42 lakh crore as of August-end, according to the data released by the Controller…
New Delhi: Congress president Mallikarjun Kharge on Wednesday attacked Prime Minister Narendra Modi over the situation in Manipur and demanded that he sack the BJP’s “incompetent” chief minister as a first step to control the turmoil. In a post on X, the Congress leader also said the northeastern state has turned into a “battlefield” because of…
New Delhi: The income tax department has notified rules for valuation of investments by resident and non-resident investors in startups, thus paving way for implementation of the changes brought in 2023-24 Budget. As per the changes in Rule 11UA of I-T rules, the Central Board of Direct Taxes (CBDT) provides that the valuation of compulsorily convertible…
Mumbai: Protecting depositors’ hard-earned money is a sacred duty for a banker, and more important than visiting a religious place, according to RBI Governor Shaktikanta Das. He said the task is more important because the entire banking system runs on deposits, which are accumulated from small savers, middle class and retirees. “Protection of depositors’ money is…
Mumbai: RBI Governor Shaktikanta Das on Monday said the central bank is “not comfortable” with the gross non-performing assets ratio of 8.7 per cent in urban cooperative banks (UCBs) and asked them to work towards improving the same. Addressing directors of UCBs in the financial capital at an RBI-organised conference, Das urged that such lenders should…
