Explained: Why Centre has announced steep excise duty cut on petrol, diesel
The Centre's move to slash excise duty on petrol and diesel is aimed at countering the rising inflation in the country.
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India to have urban air mobility in form of EVTOLs across country, says Jyotiraditya Scindia
"Today, the trial is happening with the US Air Force and the Canadian Air Force with EVTOLs. As soon as they get Federal Aviation Administration (FAA-US) and other certifications, we are going to try and ensure that they come and set up their manufacturing bases here," the Union Minister said.
Way to green economy: Despite power crisis, why India needs to remain invested in renewable infra
Green power remains the absolute way forward for a growing industrial powerhouse like India. Although the current power crisis may force the economy to hastily turn back to coal-based thermal power plants, the reality is that India needs to remain equally invested in renewable infrastructure to ensure the nation’s continued development.
Range Rover Sport bookings open in India: Deliveries to begin in November
The 2023 Range Rover Sport deliveries will begin from November 2022. Talking of the exterior, the SUV receives an LED light graphics, longer spoiler, LED headlamps and tail-lamps, flush door handles and sculpted tailgate at the rear that features Range Rover lettering. The brand says that the new design direction has allowed the new Range Rover Sport to deliver a drag coefficient of just 0.29.
India's economic growth likely to be robust at 8.9% in current fiscal: FM at NDB
Addressing the 7th Annual Meeting of the Board of Governors of New Development Bank (NDB) via video conferencing, she underscored the importance of multilateralism and the spirit of global cooperation for economic recovery.
Uber India hikes ride fares to cushion-proof drivers from rising fuel costs
Amid the rising cost of fuel, the driver members on the council had raised this as a key issue to the company.
IRENA executive sees India influencing world on renewable energy during G20 presidency
India will hold the G20 presidency from December 1, 2022, to November 30, 2023, and will convene the G20 leaders' summit in 2023 for the first time. G20 is the premier forum for international economic cooperation that plays an important role in global economic governance.
Niti Aayog suggests development of a comprehensive economic vision for Indian cities
“As India transitions from being a largely rural to an urban society, the focus needs to be on harnessing the economic potential of all cities, large and small, including the Tier 2 and 3 cities to take on the mantle in the future,” the Aayog said in its report.
SC rules GST Council's recommendations are not binding on Centre and states
A bench led by Justice DY Chandrachud held that the Central government and States have simultaneous powers to legislate on Goods and Service Tax (GST). Hence, the GST council must work in harmonious manner to achieve workable solution between Centre and States, the top Court said.
Fast-track labour codes: India Inc
The Confederation of Indian Industry (CII) is in discussions with officials of the labour ministry at the Centre as well as states and has asked them to operationalise the labour codes at the earliest to address the demands for employment generation and competitiveness.
Fuel prices cannot be controlled till India increases oil production: Union minister
"When the price of oil increases in the international market, our companies increase its price," he told reporters when asked about the rise in prices of petrol and diesel.
India's economy back on track post-pandemic, Ukraine war: Moody's
"Following a robust rebound of over 9% in the year ending March 2022 (fiscal 2021), we expect real GDP to grow 8.2% in fiscal 2022, the fastest expansion among G20 countries globally and partly reflecting ongoing base effects from pandemic-led disruptions," it said in a report.
Brace for higher inflation and rupee averaging 78.19/USD this year
The US Federal Reserve raised its policy rate by 25bp for the first time in March 2022 after a gap of more than three years and followed it with another 50bp rate increase in May 2022.
NHAI optimistic about meeting asset monetisation target of INR 20,000 crore in FY'23: Chairperson
In the previous fiscal, NHAI had raised INR 8,000 crore monetisation for five projects accounting for 400 km through the first tranche of InVIT. InvITs are collective investment vehicles similar to a mutual fund, which enables direct monetary investment from individual and institutional investors in infrastructure projects which earn them a small portion of the income as return.
S&P cuts FY23 India growth forecast to 7.3% on rising inflation, Russia-Ukraine war
S&P had in December last year pegged India's GDP growth in the 2022-23 fiscal, which began on April 1, 2022, at 7.8%.
Case India aims to emerge as second largest in backhoe loader segment in 3 years
Case India, which currently holds a 7% market share in the backhoe loader segment in the country, sells around 38,000 units annually.
India can gain from global disruption in China and Europe, Stellantis to accelerate India plans, says CEO Carlos Tavares
Group open to sourcing battery cells and parts from India
India weighs selling part of BPCL instead of full stake: Sources
New Delhi is considering inviting bids for a 20%-25% stake in BPCL, instead of an outright sale of its entire 52.98% holding, the two government officials, who declined to be named, told Reuters.
With transactions worth INR 1 lakh crore, govt surpasses FY22 target of monetisation plan
"India has the biggest asset monetisation programme...my asset monetisation target was Rs 88,000 crore for last year. I have crossed it by Rs 12,000 crore," he said.
Low, stable inflation critical for spurring growth: RBI article
"India faces challenges in building from the scars of the pandemic through larger investments in health and productivity of the human capital," the article said.
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