India and the US on Tuesday signed a framework to mine and refine critical minerals and rare earths, even as the Quad—an alliance of the US, Japan, Australia, and India—decided…
Category: Economy
Govt clears Indian Medicines Pharmaceutical sale to Skymap Pharma for ₹121 crore
New Delhi: The government on Tuesday approved the sale of Indian Medicines Pharmaceutical Corporation Ltd (IMPCL), a central public sector enterprise under the ministry of Ayush. Delhi-based Skymap Pharmaceuticals Private…
Textiles ministry plans ₹1,000-cr corpus to boost silk production, exports
New Delhi: India is drawing up a plan to boost production and exports of high-value silk, as it aims to cut reliance on imported raw silk in a sector that…
India, Canada fast-track trade pact, aim for Cepa by the year end
India and Canada are moving to fast-track a long-pending trade pact as the two countries look to boost business ties and expand economic engagement. With commerce and industry Minister Piyush…
Govt open to views on capital gains tax cuts amid FPI outflows: Sitharaman
Mumbai – The government is open to stakeholder views on reducing capital gains tax on investments in stock markets, aiming to make domestic markets more attractive to foreign portfolio investors…
Fuel price hikes narrow oil companies’ losses to ₹600 crore a day
New Delhi: Daily losses of India’s state-run oil marketing companies on the sale of petrol, diesel and liquefied petroleum gas (LPG) have narrowed to about ₹600 crore from nearly ₹1,000…
India’s wheat procurement surges past 34 million tonnes, bolsters food buffers
NEW DELHI: The government’s wheat procurement is proceeding apace despite unseasonal April rains that had raised concerns over delayed arrivals, strengthening foodgrain stocks even as the energy shock from the…
FM Nirmala Sitharaman reveals petrol & diesel excise duty cut will hit govt revenues by ₹1 lakh crore
Finance Minister Nirmala Sitharaman, on Monday (25 May) has disclosed that reducing excise duties on petrol and diesel will result in a revenue shortfall of ₹1 lakh crore for the…
India secures 2nd rank among EMs in April on oil-led export rebound
Even as the West Asia war and elevated crude oil prices tested global economic resilience, India strengthened its position to secure the second rank among emerging market economies in April,…
Oil drops below $100 on Iran peace hopes, but fuel prices rise again
Global oil prices slumped over 4% on Monday, with Brent crude falling below the $100-per-barrel mark amid hopes of a peace deal between Iran and the US. Around 7 am,…