Union Minister Nitin Gadkari has said that state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting. He said there is a need to reduce imports of fossil fuels and encourage the use of biofuel. Flex-fuel-compatible cars can run on more than … Read more
The eShram portal, launched by the government to support unorganised workers across the country, has crossed 30 crore registrations in just three years of its launch. The integration of social security schemes on eShram will help in saturation of schemes and access of schemes to eligible eShram workers. According to the Union Budget 2024-25, a … Read more
Hindustan Aeronautics is currently trading at Rs. 4822.00, up by 135.90 points or 2.90% from its previous closing of Rs. 4686.10 on the BSE. The scrip opened at Rs. 4925.00 and has touched a high and low of Rs. 4925.00 and Rs. 4801.20 respectively. So far 61460 shares were traded on the counter. The BSE … Read more
Crompton Greaves Consumer Electricals is currently trading at Rs. 475.70, up by 10.55 points or 2.27% from its previous closing of Rs. 465.15 on the BSE. The scrip opened at Rs. 466.50 and has touched a high and low of Rs. 476.70 and Rs. 465.85 respectively. So far 23530 shares were traded on the counter. … Read more
Better monsoon this year has helped paddy sowing surpass the average area of the last five years. The paddy cultivation reached 408.72 lakh hectares (as of September 2), exceeding the average of 401.55 lakh hectares. This represents a 3.84 per cent increase in paddy cultivation compared to last year, when 393.57 lakh hectares were sown … Read more
The ethanol blending percentage has surged from 1.53 per cent to 15 per cent in the last 10 years, Union Petroleum Minister Hardeep Singh Puri said on Monday, emphasising that bioenergy is increasingly becoming a crucial alternative to fossil fuels, offering both environmental benefits and economic opportunities, particularly in rural areas. Encouraged by this progress, … Read more
The Cabinet on Monday approved seven key schemes to improve farmers’ lives and increase their incomes at a total outlay of Rs 13,966 crore. Based on the Digital Public Infrastructure (DPI), the ‘Digital Agriculture Mission’ will use technology for improving farmers’ lives with a total outlay of Rs 2,817 crore. It has provision for soil … Read more
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Monday approved the proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat, with an investment of Rs 3,300 crore. The proposed unit, under the India Semiconductor Mission (ISM), will produce nearly 60 lakh chips per day. The chips produced in … Read more
India's benchmark Nifty 50 index is set to open at a record high on Tuesday as investor sentiment remains upbeat on the back of strong domestic growth and rising foreign inflows, while traders eye Adani Green Energy as it deepens ties with France's TotalEnergies. The GIFT Nifty was trading at 25,365.5 points as of 8:04 … Read more
Bond yields drifted higher on Tuesday, while currencies and Asia's stock markets steadied as investors waited on a raft of data to determine how deeply the U.S. can cut interest rates. Ten-year Treasury yields were slightly higher at 3.919% and two-year yields rose a basis point to 3.935% as trade resumed in Asia following a … Read more