ECONOMY
India is a frontrunner on the WTO with a variety of clout however must make the precise compromises and take heed to what different growing nations need, says WTO Director Common Ngozi Okonjo-Iweala. In an interview with businessline on the current WTO public discussion board, the DG talks in regards to the ongoing negotiations in … Read more
The Germany-based RWE Provide & Buying and selling has signed a Memorandum of Understanding (MoU) with AM Inexperienced Ammonia BV (AMG) for the long-term provide of inexperienced ammonia from its vegetation based mostly in India. AMG is a subsidiary of AM Inexperienced, integrated by the founders of Hyderabad-based Greenko Group. RWE Provide & Buying and … Read more
The Union Cupboard, chaired by Prime Minister Narendra Modi, on Wednesday authorized the institution of the Nationwide Centre of Excellence (NCoE) for Animation, Visible Results, Gaming, Comics and Prolonged Actuality (AVGC-XR). This NCoE will likely be arrange as a Part 8 firm underneath the Firms Act, 2013 in India, with the Federation of Indian Chambers of Commerce & Trade … Read more
India might simply double the scale of its financial system by 2030, Niti Aayog CEO BVR Subrahmanyam stated on Wednesday. At an occasion organised by the Public Affairs Discussion board of India (PAFI), Subrahmanyam added that local weather change is a chance for India to grow to be a pacesetter in local weather expertise. Additionally … Read more
The Finance Ministry issued a funds round to kick off the funds train for fiscal yr 2025-26. The funds is prone to be introduced on February 1 subsequent yr. This can be Finance Minister Nirmala Sitharaman’s eighth successive funds, and he or she has already surpassed Former Prime Minister Morarji Desai’s file of presenting six … Read more
Yara India has introduced the launch of the second cohort of the Yara Management Academy (YLA) in India. Constructing on the large success of its first cohort, YLA Cohort 2 goals to enhance the management and enterprise administration skills of Micro, Small, and Medium-Sized Enterprises (MSMEs) within the agriculture business with Unifiers Social Ventures Personal … Read more
New Delhi The Finance Ministry late on Thursday introduced down windfall tax on domestically produced crude to zero from ₹1,800 a tonne. That is the second time the tax has been lowered to zero. The central authorities, had with impact from the July 1, 2022, imposed sure duties /cesses on domestically produced crude petroleum. Nonetheless, … Read more
The Centre has lower windfall tax on petroleum crude to zero from ₹1,850 per tonne, efficient from September 18, a notification issued on Tuesday confirmed. The federal government critiques the windfall tax each fortnight, and the lower comes after a big decline in crude costs. International benchmark Brent crude costs have fallen to under $75 … Read more
India exported 18.68 lakh tonnes (lt) of oilmeals throughout April-August of 2024-25 in opposition to 19.45 lt within the corresponding interval of 2023-24, recording a decline of 4 per cent. Knowledge compiled by the Solvent Extractors Affiliation of India (SEA) confirmed the India’s oilmeals export witnessed a decline in August additionally. India exported 3.14 lt … Read more
India’s thermal coal imports declined to a 12-month low in August 2024, reflecting the seasonal weak point in energy demand as widespread monsoon rains introduced down temperatures and the necessity to run cooling tools. Widespread rains, significantly within the north and northwest components of the nation, pushed up hydropower era and lowered the demand on … Read more