ECONOMY
One 97 Communications Restricted (OCL), which owns model Paytm, has launched an NFC card soundbox, which mixes NFC card know-how with cell QR funds at offline service provider shops Prospects can faucet a debit or bank card, or scan a QR code to make funds utilizing this gadget. . With battery lifetime of 10 days, … Read more
Small modular reactors (SMRs), the organising of which was talked about within the finance minister’s finances speech final week, are the best way to go for inexperienced power transition, many distinguished residents have stated. The Finance Minister, Nirmala Sitaraman, famous in her speech that “nuclear power is predicted to kind a really vital a … Read more
The Workers’ Provident Fund Organisation (EPFO) has noticed a considerable improve within the registration of latest institutions from the monetary yr 2019-20 to 2023-24, Lok Sabha was knowledgeable on Monday. From a degree of 1,17,063 in 2019-20, the variety of new institutions registered with EPFO climbed to 2,94,256 in 2023-24. This upward development underscores the … Read more
India’s cotton exports within the first 9 months of promoting 12 months 2023-24 had been up 68 per cent at 26 lakh bales of 170 kg every in contrast with 15.50 lakh bales throughout the identical interval a 12 months in the past. Increased surplus coupled with demand from nations resembling Bangladesh and Vietnam amongst … Read more
Engineering exports gathered tempo in June 2024 rising 10.27 per cent (year-on-year) to $9.39 billion with an increase in shipments {of electrical} equipment, motor autos, merchandise of iron and metal, auto elements and elements, and Industrial equipment, based on an evaluation finished by trade physique EEPC India. “After beginning the brand new fiscal with a … Read more
Unfavourable climate circumstances on the rising areas has hit tea arrivals to Coonoor auctions, with costs remaining at a gradual stage. In line with merchants, costs are anticipated to be agency within the coming days with declining crop. Decrease crop in North India might also immediate merchants there to scout for tea from South India, … Read more
The Pink Sea disaster has solid a shadow on the following cruise season of Cochin Port starting September within the wake of the cancellation of at the least 10 passenger ships within the simply concluded season ending April. A senior official in a transport company dealing with cruise vessels instructed businessline that already two cruise … Read more
In help of the World Financial institution’s flagship ‘Enterprise Prepared’ (B-READY) challenge, which can change the group’s Doing Enterprise survey that bumped into hassle after knowledge irregularity experiences in 2020, India has began evaluating the indications and questions associated to the brand new framework, together with these on worldwide commerce, and has sought inputs from the … Read more
Central Board of Oblique Taxes & Customs (CBIC) Chairman Sanjay Agarwal, in his ex-officio class, has pitched for 3 charge buildings underneath Items & Companies Tax. Whereas speaking to businessline, he additionally advocated a graded method to impose GST on crude and 4 petroleum merchandise. “As Chairman, I see the charges ought to transfer on … Read more
It’s with pensive eyes that 60-year-old Ali Mohamed Reshi gazes over his saffron farm in Pulwama’s Lethpora space, some 22 km south of Srinagar. The protracted dry spell and local weather change spells doom for his crop of saffron, the world’s most coveted spice. Because the starting of June, the Valley has been reeling underneath a … Read more