ICMR, NTPC Vidyut Vyapar Nigam partner to boost solar power use in health research

The Indian Council of Medical Research (ICMR) on Friday signed a Memorandum of Understanding (MoU) with NTPC Vidyut Vyapar Nigam (NVVN) to promote sustainable energy within India’s healthcare and research sector.  The landmark agreement also aligns with the vision of Atmanirbhar Bharat (self-reliant India) and a cleaner, greener future. “The collaboration marks a major step … Read more

State-owned PFC raises largest-ever foreign currency term loan of $1.2 billion

State-owned Power Finance Corporation (PFC) on Friday said it has secured the largest-ever foreign currency term loan of $1.265 billion from banks in IFSC GIFT City, Gandhinagar.  The loan, at an average rate of 4.21 per cent per annum, will be used to finance non-thermal generation projects, promoting green energy transition, said PFC, a Maharatna … Read more

GST panel deliberates on lowering rate on health insurance, tractors

As the government focuses on GST 2.0 which further eases tax laws, enhance tax simplification and adoption of technology, the ministerial panel tasked to rationalise rates is deliberating on lowering GST on essential items like health insurance and tractors up to 5 per cent.  As tractor segment volumes saw marginal growth (year-on-year) in September, a … Read more

India?s foreign exchange reserves cross $700 billion for first time

Despite geo-political uncertainties, the investors' confidence remained intact in India's growth story as the country's foreign exchange reserves surpassed $700 billion for the first time, reaching $704.89 billion in the week ending September 27, the Reserve Bank of India (RBI) data showed on Friday.  The forex surged $12.59 billion, which is the largest weekly rise … Read more

Employment in India up 36 pc with 17 mn jobs between 2016-17 and 2022-23: Centre

Contrary to the claims of “jobless growth,” the latest government data shows that employment in India increased by 36 per cent (17 million jobs) between 2016-17 and 2022-23.  During the same period, the gross domestic product (GDP) grew at an average rate of over 6.5 per cent. Employment data from the Reserve Bank of India's … Read more