Tag: india politics
Govt Looking Into Dumping Issue Of Certain Steel Products: Steel Secretary
The government is looking into issues surrounding dumping of certain categories of steel products into the Indian market, Steel Secretary Nagendra Nath Sinha said on Tuesday. The statement comes amid the industry raising concerns over the rise in steel im...
National Coal Index Climbs For First Time Since April Amid Global Price Shifts
NEW DELHI: The National Coal Index (NCI) has registered an increase of 3.83 points to 143.91 for the month of September 2023, the coal ministry said in a statement on Tuesday. This marks the first rise in the index since April 2023, with a notable influen...
CPSE Dividends To Centre To Exceed Budget Estimate By Rs 20,000-Crore In FY24
NEW DELHI: The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) will likely exceed the budget estimate (BE) of Rs 43,000 crore for 2023-24 by close to Rs 20,000 crore, bridging partly the likely shortfall in disinvestment rece...
HPCL Lays Out Rs 75,000-Crore Capex Plan For Five Years
NEW DELHI: State-owned Hindustan Petroleum Corporation Ltd (HPCL) plans to spend Rs 75,000 crore in expansion and diversification in the next five years with an annual expenditure of around Rs 14,000-15,000 crore, the company said on Tuesday. “Around 25-3...
New Investment Demand Likely To Taper In Second Half Of FY24: ICRA
NEW DELHI: New investment demand in the second half of this fiscal year is likely to be tempered amid increased geopolitical tensions in the Middle East, and a potential slowdown in the momentum of government capital expenditure (capex) and project execut...
Economists See Onion Driving Inflation Near 6 Per Cent
NEW DELHI: Rising onion prices are unlikely to have a significant impact on inflation in October but may lead to inflation rising to near 6% levels in coming months, said economists. Onion prices rose nearly 75% in the first week of November compared with...
Alternative Investment Funds Seek Clarity From SEBI On New Valuation Norms To Address Gaps
MUMBAI: Alternative Investment Funds (AIFs) are awaiting clarity from the markets regulator, the Securities and Exchange Board of India (Sebi), on the valuation mandate to address gaps in audit timelines, operational challenges, and issues in benchmarking...
Policy Soon To Make Airports Transit Hubs For South Asia
NEW DELHI: India is framing a national policy to transform its airports into major international hubs that will offer single-point international connectivity to the South Asian region. The policy, which will need cabinet nod, aims to frame laws for easing...
AAP plans ‘referendum’ on Kejriwal resignation
After a meeting with Aam Aadmi Party MLAs on November 6, AAP convener and Delhi chief minister Arvind Kejriwal met his councillors in the assembly on the 7th. The meeting lasted about one and a half hours. Kejriwal did not speak to the media afterwards. B...
Modi rakes up parivarvad against Cong, BRS
Hitting out at the alleged ‘parivaarvad’ mindset of the Congress and BRS, Prime Minister Narendra Modi on Tuesday said these parties will never make a backward caste candidate the Chief Minister of Telangana, and promised that if voted to power in the sta...
Bihar wants reservation raised to 75%
Hours after tabling the Caste Survey report in the assembly, the Bihar Cabinet on Tuesday passed a proposal to raise the quota for SCs, STs, Other Backward Classes, Extremely Backward Classes, and Economically Weaker Sections (EWS) to a total of 75 per ce...
Cong alleges poll code violation by Modi
The Congress on Tuesday claimed Prime Minister Narendra Modi’s announcement of a five-year extension of the PM Garib Kalyan Anna Yojana was ”blatant violation” of the model code of conduct and said the party would approach the Election Commission on the i...
Navy’s Under-Construction Warship Surat’s Crest Unveiled
NEW DELHI: The crest of ‘Surat’, the under-construction guided missile destroyer of Navy named for the first time after a Gujarat city, showcases one of the first lighthouse built in 1836 at Hazira standing tall over a Asiatic lion standing near to a wavy...
India To Remain Export Market For Coking Coal; Rising Prices Remain A Concern: Industry Body ISA
According to steel industry body, ISA, India will continue to be the top export destination for coking coal in the foreseeable future. The local steel industry is being impacted by rising prices, and the Indian steel sector is looking for sustainable ways...
HPCL Q2 Net At Rs 5,827 Crore On Strong Marketing Margins
State-owned Hindustan Petroleum Corporation Ltd reported a consolidated net profit of Rs 5,826.96 crore in the quarter ended September, against a loss of Rs 2,475.69 crore in the same quarter last financial year. Improved marketing margins on the back of...