Economy

PFC, REC reduce lending rates

PFC, REC reduce lending rates

In October last year, the Power Minister had directed the two NBFCs to explore cheaper avenues for raising funds,

Govt to infuse fresh equity in IREDA for financing 35-40 GW RE capacity

Govt to infuse fresh equity in IREDA for financing 35-40 GW RE capacity

Move to meet debt demand of 35-40 GW capacity creation

Dileep Sanghani becomes IFFCO chairman

Dileep Sanghani becomes IFFCO chairman

The elections were held due to the demise of incumbent chairman Balvinder Singh Nakai.

Centre approves 196 grain-based ethanol projects of 859 cr litre capacity

To achieve 25 per cent blending with petrol by 2024-25, the country needs 1,288 crore litres of ethanol

FinMin asks Ministries/Departments to contain the expenditure within the approved Revised Estimate ceilings

The govt has set a fiscal deficit target of 6.8% of GDP or over ₹15.06-lakh crore in FY22; Union Budget to be presented on Feb 1

Domestic natural gas production up 19.45% over the year in December

Higher output from RIL and BP’s KG-D6 Block aided the rise

Two IndiGo flights avert mid-air collision; DGCA orders probe

The incident reportedly occurred at an altitude of 3,000 feet

Volume slips to 10-month low in Coonoor tea auctions

Winter and festivals pull down crop

Global cues lift spot rubber

Prices may top ₹170 a kg soon driven by short supplies and strong domestic demand

Area under chana continues to rise, Maharashtra tops in coverage

Favourable weather, soil moisture aid higher acreage

Cross border trade a business priority for Indian MSMEs, reveals PayPal India survey

MSMEs want to invest in improving checkout and payment process to push up sales

Informal sector has taken a big hit, says Gopal Krishna Agarwal, BJP’s Economic Affairs Spokesperson

Says its recovery is the govt’s prime concern, also speaks on steps needed to be taken to boost demand

India-UK FTA: Indian industry wants tariffs on Scotch not be reduced below ‘sustainable levels’

Says non-tariff barriers on Indian alcoholic beverages in the UK such as minimum maturation period, whiskey ingredients should go

APEDA steps in to help agri exporters in resolving railway rake shortage issue

The shortage of rakes cropped up as the Railways is giving priority to move coal and fertiliser

Modi to host first India-Central Asia Summit virtually on January 27

MEA terms it a reflection of India’s growing engagement with ‘extended neighbourhood’

IT dept notifies new norms for computation of capital gains under ULIP

Proposal part of Budget announcement

Airbus to hire 6,000 globally in 2022

A third of the total recruitment will be allocated to young graduates

Air India suspends some flights to US over 5G deployment

The carrier serves four destinations in the US with Boeing 777s

Omicron impact: Aviation recovery estimates revised downward by ICRA

ICRA moderates its FY2022 recovery estimates to 52% of pre-Covid level as against 62% earlier

Porter announces ESOP liquidation worth $5 million

January 19, 2022 Porter, an on-demand intra-city logistics company, has announced an Employee Stock Ownership Plan (ESOP) monetisation programme wor

Growers and exporters lock horns over MSP for grapes

Harvesting remains suspended in Maharashtra as exporters reject ‘unaffordable’ rate

DGCA extends ban on international flights till Feb 28

Scheduled international passenger flights to and from India remain suspended since March 2020 amid the Covid-19 pandemic

Covid impact: IATA agents launch e-signature campaign for commission

Travel agents seek restoration of 5% commission amid pandemic-induced losses

Matchlog raise $3 million from Blue Ashva Capital, Rainmatter Climate and Capital-A

The funds will be deployed to develop the tech platform further for AI and machine learning-based pairing of cargo across India

Vikram Dev Dutt appointed as Air India’s new CMD

He will get the rank of Additional Secretary

Government examining measures to attach personal assets of Devas Multimedia’s Managers

  “It’s a fraud of the Congress, by the Congress and for the Congress,” says FM

Mustard: The yellow revolution is here, finally

‘Right’ price for mustard works wonders as mustard its area expands by 25%

CSIR team develops tech to address perchlorate contamination of water

Sets up demonstration plant in Ernakulam district along with NIIST

Govt calls meeting of key stakeholders on draft e-commerce policy

Large e-commerce players, retailers, traders attended the online meeting

Product innovation, & availability of retail finance for small farm machinery to will drive mechanisation

Although mechanisation in India has increased over the years, it is still much lower compared to advanced economies, BRICS countries

DigiYatra Scheme for airports may face privacy issues: IFF

‘Passengers’ data could be commercialised by the government’

Secondary agriculture to supplement farmers’ income: Dalwai

Deployment of emerging technologies is important to predict risks at production and post-production stages, says Ashok dalwai

UK hopes FTA with India will address peak tariffs on Scotch, vehicles, pharma

Reducing tariffs on intermediates like Indian textiles, vehicle parts could help British industry, according to report on UK’s strategic approach t

ECLGS: Indian Banks’ Association pitches for 1-year extension

Says the Emergency Credit Line Guarantee Scheme facility needs to be continued till the economy regains its strength

Fresh fruits import recovers to pre-2017 level, rises to over 4.5 lakh tonnes

In a first, IG International set to export blueberries from India

Centre should create buffer stock of mustard: COOIT

This will encourage mustard cultivation and also will act as a price stabilization

Heating, ventilation, A/C, refrigeration to help engineering exports touch $107 billion in FY22

HVAC-R segments hold tremendous growth potential, says EEPC

India’s cotton output revised down to 348.13 lakh bales

Consumption set to increase by 10 lakh bales, imports estimated to surge

EaseMyTrip enters into exclusive pact with regional airline Flybig agreement for ticket bookings of regional airline Flybig

Abhishek Law / New Delhi