Uttar Pradesh cabinet approves tenancy ordinance
LUCKNOW: The Uttar Pradesh cabinet has approved the decision to bring in the Uttar Pradesh Regulation of Urban Premises Tenancy (second) Ordinance 2021. The provisions of the ordinance will lead to reduction in tenancy disputes and in older cases rents can be revisited. Once the ordinance is promulgated, signing of contract will become compulsory to […]
TDP demands White Paper from Andhra Pradesh government
AMARAVATI: Telugu Desam Party (TDP), the main Opposition in Andhra Pradesh, on Monday demanded that the Jagan Mohan Reddy government immediately publish a White Paper on the states finances. This demand comes in the wake of the state allegedly not paying salaries to its employees. That it (AP government) could not even pay salaries to […]
North India likely to receive rainfall from April 5-9
NEW DELHI: The hilly areas of north India and the plains are likely to receive widespread rainfall from April 5-9, the India Meteorological Department (IMD) said on Monday. It said heatwave conditions are very likely in isolated pockets over southwest Rajasthan during the next 24 hours, over east Rajasthan during the next two days, over […]
Sensex tumbles 871 points; Nifty tanks below 14,650
NEW DELHI: Equity benchmark Sensex tanked 871 points on Monday, dragged by a selloff in financial stocks as spiking COVID-19 cases spooked investors and fanned concerns over economic recovery. After plunging over 1,400 points earlier in the day, the 30-share BSE index pared some losses to finish at 49,159.32, down 870.51 points or 1.74 per […]
India’s steel output reports marginal fall to over 19 MT in January-February 2021
NEW DELHI: India’s crude steel output fell by 1 per cent to 19.1 million tonnes (MT) during the first two months of 2021, according to worldsteel. The country had produced 18.9 MT crude steel during the same period last year. The production for the 64 countries reporting to the worldsteel was 313.1 MT in January-February […]
Vedanta Resources says contributed over Rs 34,000 crore to Indian exchequer in FY20
NEW DELHI: Diversified natural resources firm Vedanta Resources has said it contributed USD 4.66 billion (Rs 34,018 crore) to the public exchequer in India during the 2019-20 fiscal. Its overall contributions to public exchequers of various countries stood at USD 4.7 billion (Rs 34,310 crore) during the fiscal year, Vedanta Resources said in its latest […]
Supreme Court order on interest waiver: PSU Banks may have to take Rs 2,000 crore hit
NEW DELHI: Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020, sources said. The judgement covers loans above Rs 2 crore as loans below this got […]
Jawaharlal Nehru Port Trust handled 4.7 million TEUs container traffic in FY21
NEW DELHI: Jawaharlal Nehru Port Trust (JNPT), registered a throughput of over 4.7 million twenty-foot equivalent units (TEUs) in container handling as against 5.03 million TEUs during FY 2020. The total traffic handled at JNPT during the Financial Year 2020-21 is 64.81 million tons as against 68.45 million tons in FY 2019-20. The total container […]
GST revenues for March 2021 touches all-time high of Rs 1.23 lakh crore: Finance Ministry
NEW DELHI: The gross GST revenue collected in the month of March 2021 is at a record of Rs 1,23,902 crore of which CGST is Rs 22,973 crore, SGST is Rs 29,329 crore, IGST is Rs 62,842 crore (including Rs 31,097 crore collected on import of goods) and Cess is Rs 8,757 crore (including Rs […]
More than Rs 25,586 crore sanctioned to over 1,14,322 accounts by Banks under Stand-Up India Scheme in 5 years
NEW DELHI: India is growing rapidly. Hopes, Aspirations and Expectations are rising. There is a large group of potential entrepreneurs particularly women and Scheduled Caste (SC), Scheduled Tribes (ST) who want to set up an enterprise of their own, which allows them to grow and thrive. Such entrepreneurs are spread across country and are bubbling […]
Modi government withheld funds meant for Maharashtra out of bias, says Congress
NEW DELHI:The Congress in Maharashtra on Saturday accused the Narendra Modi government (Centre) of short-changing the Maharashtra government by withholding its “rightful dues” to tide over the COVID-19 pandemic and other disasters like cyclones and heavy rains that had hit the state last year. State Congress president Nana Patole also accused the BJP of acting […]
Pakistan’s textile industry upset on move to not import cotton from India
KARACHI: Pakistan’s struggling textile industry has voiced its disappointment after the Imran Khan government rejected a proposal to import cotton from India, the world’s biggest producer, saying it is the need of the hour to avoid a massive slump in the country’s exports. The Cabinet headed by Prime Minister Khan on Thursday rejected the proposal […]
Coal India arm MCL registers record production, dispatch in FY21
NEW DELHI: Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd, on Friday said it has posted a record production of 148.01 million tonne and achieved the highest-ever dispatch of 146 million tonne in the 2020-21 fiscal. These achievements by the Odisha-based miner will help Coal India, a Maharatna PSU, strengthen its foundation to […]
Karnataka Bank targets over Rs 1.42 trillion business turnover in FY22
NEW DELHI: Public sector Karnataka Bank has targeted 12 per cent business growth in the current fiscal year, expecting total business of over Rs 1.42 lakh crore. The lender also said digital banking is the way forward and it is at the cusp of engineering a breakthrough in banking industry as ground has been already […]
RBI deputy governor BP Kanungo retires after completing 1-year extension
NEW DELHI: Against expectations of getting a second extension, the senior-most deputy governor BP Kanungo retired from the Reserve Bank of India (RBI) on completion of his one-year extension on Friday. Kanungo joined the RBI in 1982 and was in charge of currency management, external investments, operations, payment, and settlement system, among others, during the […]
Adani Enterprises bags Rs 1,169 crore highway project from NHAI in Odisha
NEW DELHI: Adani Enterprises on Friday said it has won a Rs 1,169.10 crore highway project in Odisha from the National Highways Authority of India (NHAI). The contract has been won by Adani Enterprises’ wholly-owned subsidiary Adani Road Transport Ltd (ARTL). “ARTL has received a letter of award (LOA) for …development of Six Lane Badakumari […]