Category: POLICY

Delhi government starts process of preparing its budget for 2023-24

NEW DELHI: The Delhi government has started the process of preparing its budget for 2023-24 and asked its departments to furnish estimates after a “realistic assessment” to ensure funds are utilised within the given financial year, officials said on Saturday. The Finance Department has initiated the process of preparation of the revised estimates (RE) for […]

India’s Defence Ministry signs contract worth Rs 1700 crore to acquire additional Brahmos missiles

NEW DELHI: In a further impetus to self-reliance in defence production, the Defence Ministry on Thursday signed a contract with BrahMos Aerospace for acquisition of additional dual-role capable surface-to-surface BrahMos missiles at an approximate cost of Rs 1,700 crore under ‘Buy-Indian’ category. In a statement, the ministry said the induction of these dual-role capable missiles […]

Maharashtra to invite fresh bids for Dharavi redevelopment project

NEW DELHI: The Maharashtra cabinet on Wednesday decided to invite fresh bids for the Dharavi Redevelopment project and offer additional benefits for the project, a statement said. This decision taken by the cabinet headed by Chief Minister Eknath Shinde for the Dharavi Redevelopment project also entails formation of a Special Purpose Vehicle (SPV) for one […]

DPIIT planning multi-media campaign to promote over 400 GI products

NEW DELHI: The commerce and industry ministry is planning a multi-media campaign to promote over 400 GI (Geographical Indication) products such as Darjeeling Tea, Chanderi Fabric, Mysore Silk, and Kashmir Walnut Wood Carving. The Department for Promotion of Industry and Internal Trade (DPIIT) intends to empanel one or more audio-visual agencies to carry out various […]

India receives 75 applications under PLI scheme for specialty steel

NEW DELHI: The government of India has received around 75 applications from domestic players under the PLI Scheme for specialty steel, according to an official. Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official said. “A significant number of applications have been received. […]

Vedanta-Foxconn plant site in Gujarat to be finalised in 2 weeks: Official

NEW DELHI: Vedanta and Foxconn have hired experts who are evaluating possible locations for their upcoming semiconductor plant in Gujarat and a site may be finalised in the next couple of weeks, Gujarat Science and Technology Department Secretary Vijay Nehra said. So far, the joint venture company has not finalised the location as they are […]

Many countries interested in bilateral rupee trade: India

NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday said many countries have evinced interest for bilateral trade in the rupee after the RBI announced a mechanism recently. Speaking at Hero Mindmine Summit, she said this along with other steps taken by the government is towards full capital account convertibility. “It isn’t the ruble-rupee which was […]

Finance ministry to kick-start budgetary exercise from October 10

NEW DELHI: The finance ministry will kick-start the exercise to prepare the annual budget for 2023-24 from October 10, in the backdrop of revival of the Indian economy and fears of recession in developed countries. The budget for the next year will have to address critical issues of high inflation, job creation, boosting demand, and […]

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