India eyes ₹15,000 crore budget support for green steel mission in bold move towards low-carbon economy
India’s Steel Ministry is seeking a ₹15,000 crore policy – push for green steel in the upcoming budget. Officials told businessline, the corpus would look to include a PLI-type scheme whereby it pushes for incentivising low carbon emitting steelmaking, bring-in a mandatory procurement provision for such high-cost metal, among
Digital economy to grow almost twice as fast as overall economy: MeitY, ETCFO
India’s digital economy is expected to grow almost twice as fast as the overall economy, contributing to nearly one-fifth of national income by 2029-30, the ministry of electronics and information technology said in a report. In under six years, the share of digital economy will be larger than that of
Akasa Air will add seven destinations in CY 2025
Mumbai : Akasa Air will add 5-7 destinations in 2025 as it expects an improvement in its aircraft deliveries. Akasa Air inducted 20 Boeing 737 Max aircraft in its first year of operations. Growth has slowed down since then with airline receiving four planes last year. The airline’s founder-CEO Vinay
CCI’s Monetary Penalty Guidelines nominated for Global Antitrust Award
The Competition Commission of India (CCI) has achieved global recognition as its “Determination of Monetary Penalty Guidelines, 2024” has been nominated for the 2025 Concurrences Antitrust Awards in the Soft Laws & Studies category. The Concurrences Antitrust Writing Awards, organised annually, celebrates outstanding contributions in competition law and policy worldwide.
PNB Housing Finance eyes ₹1 lakh crore retail book by March 2027: CEO Kousgi
PNB Housing Finance Ltd (PNBHFL), a retail focused home loan provider, is eyeing a retail home loan book of ₹1 lakh crore by March 2027, its Managing Director & CEO Girish Kousgi has said. Currently, the company’s retail book, which is growing at 17.5 per cent, stood at ₹70,767 crore.
Revamp intangible asset rules to match digital economy growth: CII
The Confederation of Indian Industry (CII) has urged a comprehensive review of the accounting and recognition framework for intangible assets, highlighting the need to align with India’s transition to a digital economy, where intellectual capital is emerging as a critical driver of value creation for entities. Addressing the challenges around
Centre hikes raw jute MSP by 6% to ₹5,650/quintal for marketing season 2025-26
The Union Cabinet on Wednesday approved a minimum support price of ₹5,650 per quintal for raw jute for marketing season 2025-26. This is an increase of ₹315 or around 6 per cent over the previous marketing season 2024-25. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra
Coffee Board, NLM-Karnataka sign MoU to train women in entrepreneurship
The Coffee Board of India and the National Livelihood Mission-Karnataka have signed a memorandum of understanding (MoU) to empower about one lakh women members of the NLM self help groups across the State on coffee brewing techniques and rural cafe management. The MoU of this project was signed by KG
CIFT conducts training on combating antimicrobial resistance in fisheries and animal sciences
George Ninan, Director of ICAR-Central Institute of Fisheries Technology, has underscored the critical need to address antimicrobial resistance (AMR) in the fisheries and animal sciences sectors. Inaugurating a training programme at CIFT, he highlighted the growing challenge of AMR in these fields and the importance of capacity-building initiatives to combat
Union Budget likely to raise subsidy spending by 8% to ₹4.1 lakh crore next fiscal
India is likely to raise spending on food, fertiliser, and cooking gas subsidies to ₹4.1 lakh crore ($47.41 billion) in the next fiscal year, government sources said, a moderate 8 per cent year-on-year increase to cover higher food and energy costs. Finance Minister Nirmala Sitharaman will present the national budget