ECONOMY
India introduced its ‘senior residents’, aged 70 years and above, below the central-sponsored common healthcare scheme, Ayushman Bharat. Round six crore new beneficiaries throughout 4.5 crore households can be added to the present Ayushman Bharat scheme, with beneficiaries getting free well being protection of ₹5,00,000 per household. The outlay is pegged at ₹3,437 crore. The … Read more
The Union Cupboard on Wednesday permitted a slew of measures to spice up electrical automobiles (excluding automobiles), rural connectivity, and hydropower technology, apart from extending the Ayushman Bharat scheme to round 6 crore senior residents over the age of 70 years. All these measures will value over ₹1.02 lakh crore. Commenting on the enlargement of … Read more
Corn (maize) appears to be the new-found love of the Indian farmers this kharif season. With the federal government’s push for increased ethanol mixing and enlargement of feedstock, farmers have planted a document space beneath corn within the ongoing kharif cropping season. Maize acreages are up by 5.31 per cent at 87.26 lakh hectares (lh) … Read more
The Gujarat Maritime Board has shortlisted 4 websites within the state for Port-Led Metropolis Improvement in Gujarat, official sources mentioned. In line with an official launch right here, the consultants engaged by GMB have recognized websites within the districts of Porbandar, Bhavnagar, Surat, and Valsad. These websites have been recognized following a sequence of website … Read more
A 29 per cent decline in shipments of chillies has pulled down total spices exports by some one per cent to $1.152 billion in the course of the April-June quarter over corresponding final yr, offsetting progress in different varieties corresponding to cumin and turmeric. Throughout April-June 2023, spices exports had been $1.164 billion As per … Read more
The Company Affairs Ministry (MCA) has formally opened the doorways for the “reverse flipping” of firms into India by clarifying the compliance necessities that might apply for such buildings going ahead. It has now amended its Firms (Compromises, Preparations and Amalgamations) Modification Guidelines to stipulate that the place a transferor international firm integrated outdoors India … Read more
Playbook Companions, a Progress Capital agency centered on Digital India, has introduced first shut of its fund, elevating over $130 million via established world traders from Europe, US, Center East, and India. Given the sturdy institutional investor curiosity, the fund is utilizing the inexperienced shoe possibility and may develop as much as $250 million, mentioned Vikas … Read more
HOUSTON World oil benchmark Brent crude futures sank beneath $70 a barrel on Tuesday for the primary time since December 2021, after OPEC+ revised down its demand forecast for this yr and 2025. Brent crude futures had been down $2.61, or 3.63%, at $69.23 a barrel at 12:16 p.m. EDT (1616 GMT). U.S. West Texas … Read more
India’s electrical automobiles (EVs) market is anticipated to develop to one-crore models’ annual gross sales by 2030 and create five-crore jobs, Nitin Gadkari, Minister of Street Transport and Highways, stated right here on Tuesday. Talking on the sixty fourth annual conference of Society of Indian Vehicle Producers (SIAM), the Minister stated as carbon footprint and … Read more
India will face challenges associated to land, inhabitants, water and local weather in its efforts to scale up renewable vitality (RE) capacities past 1,500 GW, in accordance with a research by the Council on Vitality, Atmosphere and Water (CEEW). “India has a renewable vitality (RE) potential of over 24,000 GW, however even reaching the round … Read more