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Rabi sowing marginally up year on year
The sowing of rabi crops, mostly consisting of wheat, pulses, oilseeds and coarse cereals, for the current season (2021-22) has largely been completed with the total sown area reported to be marginally higher than the previous year.The total area under all the rabi crops rose to 664 lakh hectare (lh) in 2021-22 season compared to 656 lh reported in the corresponding period of 2020-21 season, according to data released by the agriculture ministry on Friday.Despite the increase in acreage this yea -
FIMI seeks withdrawal of export duty on iron ore
The Federation of Indian Mineral Industries (FIMI) has urged the government to withdraw a 30% export duty on iron ore with 58% or more iron content. In a pre-Budget memorandum to the finance ministry, the federation said due to high incidence of export duty, exports have nearly halved to 57.22 million tonne (MT) in 2020-21 compared with 117.37 MT in 2009-10.There is no export duty on iron ore up to 58% iron content. The government abolished duty on such grade in the steel-making raw material in -
Non-food credit growth hits over two-year high of 9.28% in Dec
Non-food credit growth reached an over two-year high of 9.28% year-on-year (y-o-y) during the fortnight ended December 31, according to data released by the Reserve Bank of India, picking up sharply from the 7.41% growth seen in the previous fortnight.Outstanding non-food credit as on December 31 stood at Rs 115.95 lakh crore, higher than Rs 112.29 lakh crore at the end of the previous fortnight. Deposits grew 10.28% y-o-y to Rs 162.41 lakh crore.In a recent note, analysts at State Bank of India -
AGS Transact Tech IPO: Check price band, subscription dates, offer details
AGS Transact Technologies has fixed the price bank for its IPO at Rs 166-175 a share. -
Budget Expectations: Telcos seek Rs 35,000 crore input tax credit refund, GST waiver on licence fee
Telecom operators want the government to refund input tax credit of around Rs 35,000 crore, reduce levies and waive GST on licence fees and spectrum usage in the upcoming Budget. -
Aditya Birla Fashion acquires 51% stake in designer clothing brand Masaba
Aditya Birla Group has entered into a 'binding term sheet’ agreement to acquire a 51 per cent stake in 'House of Masaba Lifestyle Pvt Ltd'. -
Stocks to buy: HDFC Securities bullish on THIS stock
HDFC Securities is now bullish on Hitachi Energy, formerly called known as ABB Power Products and Systems India Limited. -
Piyush Goyal urges FCI to further improve functions, change perception of being inefficient
Food Minister Piyush Goyal on Friday asked Food Corporation of India (FCI) to further improve its functioning through use of technology and also works towards changing the public perception about it being inefficient and corrupt. He also stressed on the need to improve India’s ranking in Global Hunger Index by adding nutritional value in people’s diet. The minister was speaking at a virtual conference on the 58th foundation day of FCI, the government’s nodal agency for procurem -
Budget to offer more fiscal support to economy amid uncertainty from third wave: Report
The rising uncertainty from the third wave of the pandemic will force the forthcoming Budget to push the fiscal pedal more to support the fragile recovery, according to a report. -
Tata Sons, TICL to participate in TCS mega buyback offer
Tata Consultancy Services promoters - Tata Sons and Tata Investment Corporation Ltd (TICL) - intend to participate in the IT services major's Rs 18,000 crore buyback offer by tendering shares worth about Rs 12,993.2 crore. -
2 India-bound Emirates flights avert collision; DGCA seeks report
With two India-bound flights of Emirates last week closely avoiding a collision at Dubai Airport, the Directorate General of Civil Aviation (DGCA) on Friday sought a report from UAE authorities on the incident. -
HCL Tech Q3 FY22 net profit falls 13.6% to Rs 3,442 crore
HCL Technologies on Friday posted a 13.6 per cent decline in net profit at Rs 3,442 crore in the December quarter. -
Tata Safari Black Edition teased ahead of launch, check here
After Adventure Persona and Gold Edition Safari, Tata Motors have now teased a new Black Edition of the popular SUV Safari. -
Exports rise 38.91% to $37.81 billion in December
The country's exports in December 2021 surged 38.91 per cent on an annual basis to $37.81 billion, the highest-ever monthly figure, due to healthy performance by sectors such as engineering, textiles and chemicals, even as the trade deficit widened to $21.68 billion during the month, government data showed on Friday. -
GST officers arrest individual for issuing fake invoices worth Rs 4,521 cr
GST officers have arrested one person for operating a syndicate and issuing fake invoices of Rs 4,521 crore for availing input tax credit (ITC) benefit under goods and services tax, an official statement said on Friday.It said scrutiny of tally data has shown that there are 636 firms being operated by this syndicate and the mastermind of the syndicate has accepted that they have issued only invoices in these firms and not supplied any goods against them.“They have issued invoices involving -
India-China trade grows to record USD 125 billion in 2021 despite tensions in eastern Ladakh
The India-China bilateral trade touched a record high of over USD 125 billion in 2021, crossing the USD 100 billion-mark in a year when the relations hit a new low due to the prolonged standoff by the militaries in eastern Ladakh, while India’s trade deficit too mounted to over USD 69 billion, according to official data released on Friday.The total trade between China and India in 2021 stood at USD 125.66 billion, up 43.3 per cent from 2020, state-run Global Times reported, quoting data fr -
Govt makes 6 airbags mandatory for all cars carrying upto 8 passengers
In a series of Tweet, Minister of Road Transport and Highways Nitin Gadkari mentioned that he has approved a Draft GSR Notification to make a minimum of 6 Airbags compulsory. -
7th Pay Commission: Centre govt employees may get bumper salary hike ahead of Republic Day
The Central government could soon announce a hike in the fitment factor of government employees before January 26. -
RCEP Trade Agreement aims to create an integrated market
By (Mrs) Amb Narinder ChauhanRegional Comprehensive Economic partnership (RCEP) trade agreement took effect for most of the 15 member countries on January 1, 2022. The RCEP is a Free Trade Agreement (FTA) between the 10 ASEAN members plus Australia, China, Japan, New Zealand and South Korea. The RCEP is the world’s largest FTA, as it covers 2.3bn people or nearly a third of the global population. Its member countries together contribute US$ 25.8 trillion or about 30% of global gross d -
Breaking: Govt makes 6 airbags mandatory for all cars carrying upto 8 passengers
In a series of Tweet, Minister of Road Transport and Highways Nitin Gadkari mentioned that he has approved a Draft GSR Notification to make a minimum of 6 Airbags compulsory. -
HCL Tech acquires Hungary-based IT firm Starschema for Rs 315 crore
HCL Technologies on Friday said it will acquire Hungarian firm Starschema for USD 42.5 million (about Rs 315 crore). -
India’s economy recovery on ‘solid path’ amid rapid vaccination progress, forecast to grow 6.5 per cent in FY 2022: UN
India is forecast to grow at 6.5 per cent in fiscal year 2022, a decline from the 8.4 per cent GDP estimate in previous financial year, and while the country’s economic recovery is on a “solid path” amid rapid vaccination progress, coal shortages and high oil prices could put the brakes on economic activity in the near term, the UN said on Thursday.The flagship United Nations World Economic Situation and Prospects (WESP) 2022 report, launched here, said that India’s GDP i -
SHOCKING! Two India-bound flights come face-to-face at Dubai Airport, major mishap averted
Dubai to Hyderabad and Dubai to Bengaluru Emirates flights that were scheduled for take-off came on one runway and aborted the take-off after ATC intervention, saving hundreds of lives. -
WPI inflation eases to 13.56 pc in Dec; RBI may hold rates next month
The wholesale price-based inflation bucked the 4-month rising trend in December 2021, and eased to 13.56 per cent, even though food prices hardened, and experts believe the RBI is expected to hold rates steady in its monetary policy next month.WPI inflation has remained in double digits for the ninth consecutive month beginning April. Inflation in November was 14.23 per cent, while in December 2020 it was 1.95 per cent.Inflation in food articles, however, spiked to a 23-month high at 9.56 per ce -
Omicron leaves Germany on brink of recession as growth dips
The risk of recession is looming for Germany after Europe’s biggest economy shrank at the end of 2021 and as it faces a bumpy start to this year, with the rapid spread of COVID-19’s omicron variant deterring people from shopping and travel and supply bottlenecks holding back manufacturers.Output in Germany fell by between 0.5% and 1% in the fourth quarter, the state statistics agency Destatis said Friday.Forecasts are also shaky for the first three months of 2022, and two straight qu -
Union Budget 2022: Industry leaders confident about India's economic recovery, finds survey
According to the pre-budget survey by Deloitte Touche Tohmatsu India LLP (DTTILLP), that collated a total of 163 responses from 10 industries, more than 75 per cent respondents were positive about India's economic growth and expansion. -
Toyota Hilux listed on website ahead of launch on Jan 20, official teaser out
Right after the successful launch of the 2022 Toyota Camry, the Japanese automaker has teased the Toyota Hilux in India. -
PM to address WEF Davos Agenda summit on Jan 17
Prime Minister Narendra Modi will address the online Davos Agenda summit of the World Economic Forum on the first day of the five-day event beginning January 17, joining a host of other global leaders who will share their visions for 2022 on the state of the world. -
Passenger vehicle sales in India dip 13% in Dec: SIAM
Passenger vehicle wholesales in India declined 13 per cent to 2,19,421 units last month, auto industry body SIAM said on Friday. Passenger vehicle sales in December 2020 stood at 2,52,998 units. -
How can an employer manage health insurance cover at the time of job transfer?
Added with soaring medical costs and the pandemic throwing things into disarray, the most crucial aspect of any and every individual is to secure their health insurance. It has become a necessity to invest in the same. -
WPI inflation eases to 13.56% in December
The wholesale price-based inflation bucked the 4-month rising trend in December 2021, and eased to 13.56 per cent, mainly on account of softening in fuel, power and manufacturing items even though food prices hardened. -
All-new upcoming Mahindra Scorpio spotted doing extreme off-roading in Ladakh, check here
In a viral video, new Mahindra Scorpio SUV testing mule was spotted doing extreme off-roading in Ladakh, signalling the launch of the SUV. -
Dogecoin Price Today: Elon Musk’s favourite cryptocurrency jumps 16% on Tesla announcement
The sudden hike in Dogecoin price came after Tesla CEO Elon Musk announced that customers can now purchase merchandise from the electric car manufacturer using the coin. -
Boeing vs Airbus: US airliner finishes far behind European rival in 2021 despite doubling sales
Boeing, world’s largest plane maker finished far behind its European rival Airbus in deliveries of new aircraft in 2021. -
ITR filing FY 2020-21: Here is how to check your income tax refund status online
Those who have filed their ITR for FY 2020-21 and are eligible to get their ITR refund can view it on Tax Information Network service of the Income Tax Department. -
WEF to host online Davos Agenda summit next week; PM Modi’s address on Monday
Prime Minister Narendra Modi will address the online Davos Agenda summit of the World Economic Forum on the first day of the five-day event beginning January 17, joining a host of other global leaders who will share their visions for 2022 on the state of the world. While the WEF had to defer its physical annual meeting in the Swiss ski resort town Davos due to the coronavirus pandemic, it will host the ‘Davos Agenda’ summit digitally for the second consecutive year in the previously -
North Korea stole $400 million of crypto in 2021, report says
The US and the United Nations Security Council have said the country’s cyber crimes help finance North Korea’s nuclear arms program and prop up an economy hobbled by global sanctions over atomic bomb and long-range missile tests. -
Explained: Everything you need to know about cryptocurrencies
The virtual currency is designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of currency. -
Omicron, costly jet fuel steer airlines to record high loss this fiscal
Airlines in India could make their highest-ever collective loss at over Rs 20,000 crore this fiscal due to twin blows of Covid impact on traffic and steep jet fuel prices, says rating agency Crisil. -
India grants financial assistance of over USD 900 million to Sri Lanka to overcome forex crisis
India has announced a USD 900 million loan to Sri Lanka to build up its depleted foreign reserves and for food imports, amidst a shortage of almost all essential commodities in the island nation. On Wednesday, the governor of the Central Bank Ajith Nivard Cabraal said that the island nation is negotiating a USD one billion loan from India to import goods from the country.The Indian High Commissioner to Sri Lanka Gopal Baglay met Cabraal on Thursday and “expressed India’s strong suppo -
Exports rise 38.91 pc to $37.81 bn in December; trade deficit widens to $21.68 bn: Govt data
The country’s exports in December 2021 surged 38.91 per cent on an annual basis to USD 37.81 billion due to healthy performance by sectors such as engineering, textiles and chemicals, even as the trade deficit widened to USD 21.68 billion during the month, government data showed on Friday. Imports in December 2021 too increased 38.55 per cent to USD 59.48 billion. During April-December 2021-22, exports rose 49.66 per cent to USD 301.38 billion.
Imports during the period surged 68.91 per ce -
Recovered from Covid? You will have to wait for 3 months to get new life insurance policy
This condition of waiting period for people who have recovered from coronavirus infection will be applicable only for life insurance policies. -
Tokyo based startup unveils ultra-compact electric flying car, check here
It is the first time for the Japanese company to showcase its full-scale SD-03 in countries other than Japan. -
Exports rise 38.91% to $37.81 billion in December; trade deficit widens to $21.68 billion: Govt data
Imports in December 2021 too increased 38.55 per cent to USD 59.48 billion. -
Union Budget 2022 to be presented by Nirmala Sitharaman on February 1
Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year Budget 2022-23 on February 1. -
Want to bring together mutually beneficial FTA for India, Britain: UK Minister
UK’s Secretary of State for International Trade Anne-Marie Trevelyan has said that both India and Britain want to bring together a free trade agreement (FTA), aimed at boosting economic ties, which is mutually beneficial for both the countries. She also expressed hope that both sides would conclude the negotiations for the trade pact by end of the year or early 2023.The UK minister and Commerce and Industry Minister Piyush Goyal on January 13, formally launched negotiations for the propose -
Breaking: Union Budget 2022 to be presented by FM Nirmala Sitharaman on February 1
Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year Budget 2022-23 on February 1. -
Delhi CM Arvind Kejriwal inaugurates 100 new AC CNG low-floor buses in capital
In November, the Delhi cabinet had approved the induction of 190 low-floor CNG buses under cluster scheme and the total bus fleet in Delhi will reach an all-time high of 7,140. -
Swiggy to deploy TVS iQube electric scooter across India, inks partnership
Under the agreement, TVS Motor and Swiggy will test the implementation of TVS iQube electric scooters for food delivery and other on-demand services of Swiggy. -
SBI transaction rules changing from next month --All you want to know
SBI has enhanced the limit on IMPS transactions from Rs 2 lakh upto Rs 5 lakh.
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