Brands hop on to quick commerce this festive season
D2C brands are joining the queue to launch campaigns exclusively with quick commerce platforms to acquire new customers and drive sales, especially in the festive season. Quick commerce platforms are becoming the preferred choice for brands to launch new products and a major revenue driver for brands as they
No formal proposal to scrap windfall tax on crude oil, says FinMin official
The Finance Ministry is not considering any proposal to do away with windfall tax on domestically produced crude and export-bound petroleum products. As on date, the levy, technically known as Special Additional Excise Duty (SAED), is zero on domestically produced crude and export-bound petroleum products. The issue about doing away
Govt plans to issue ALMM for PV cells to push India’s green energy transition
The government is planning to introduce an Approved List of Models and Manufacturers (ALMM) for solar cells on the lines of module manufacturing to boost India’s transition towards green energy. The government is aiming to make the second list (List II) under the ALMM for solar PV cells effective April
India’s coking coal imports surge to six-year high
India’s coking coal imports for the first six months of the current fiscal (April – September) were at a six-year-high at 29.6 million tonnes (mt) with shipments from Russia witnessing a substantial rise of over 200 per cent during this period. Shipments increased by around 3 per cent on a
RBI Governor Das calls for reforming global financial architecture
RBI Governor Shaktikanta Das has called for reforming the international financial architecture to ensure equitable voice and representation for the emerging economies, and overhauling of the debt resolution architecture for vulnerable countries. He also said there is a pressing need to improve global financial regulation to manage systemic risks posed
Punjab: Farmers continue their protest for second day, demand paddy procurement among others
Farmers in Punjab continued their protest for the second day on Sunday to press for multiple demands, including paddy procurement. As part of their protest, farmers organised road blocks, or “chakka jam,” in several parts of Punjab, including Sangrur, Moga, Phagwara, and Batla. Kisan Mazdoor Sangharsh committee and Sanyukta Kisan
FM calls for fair and accurate sovereign ratings to ensure capital at IMF meeting
Union Finance Minister Nirmala Sitharaman raised the issue for fairness and accuracy in sovereign ratings for emerging markets and developing economies (EMDEs) during her address at the International Monetary Fund’s (IMF) 2024 Annual Meeting. Speaking in Washington, D.C., at the IMFC Plenary session on “Managing Director’s Global Policy Agenda,” on
Andhra Pradesh joins hand with EESL for powering 1.5 lakh houses with energy efficient appliances
Energy Efficiency Services Limited (EESL) has entered into a significant agreement with the Andhra Pradesh State Housing Corporation Limited (APSHCL) and Andhra Pradesh State Energy Efficiency Development Corporation Limited (APSEEDCO) to enhance energy efficiency in the state. The agreement was signed late evening on Friday in the presence of Chief
Proper road infrastructure, skilled workforce among key challenges for logistics industry: experts
Lack of proper road infrastructure, land availability for warehousing and skilled workforce shortages are some of the key challenges being faced by the logistics industry, according to experts. Warehousing needs land availability in and around metropolitan cities as a pick-up in economic activities is creating demand for logistics, Assocham Secretary
Festive demand will help shrug off temporary slowdown, says RBI report, ETCFO
Aggregate demand in India is poised to shrug off the temporary slowdown in momentum in the second quarter of 2024-25 as festival demand picks up pace and consumer confidence improves, Reserve Bank of India (RBI) said in its monthly bulletin for October 2024. “Rural demand is expected to get a