India largest beneficiary of EIB’s loans outside Europe: Nicola Beer
India is the largest beneficiary of European Investment Bank’s transport financing outside Europe, said Nicola Beer, vice-president of the bank’s financing arm of the European Union, which formally announced to lend €300 million (₹2,800 crore) to the ₹15,767-crore Bengaluru suburban railway network. Beer was in Gandhinagar on Friday to participate
Construction and agriculture drag India Inc’s Q2 revenue growth to 5-7%: Crisil report
Sluggish performance in construction, industrial commodities, and investment-linked sectors has led to the moderation in Indian Inc’s revenue growth, CRISIL Market Intelligence and Analytics observed. The revenue growth for the three months of the ended September stood at 5-7 per cent, as per the market intelligence firm. India Inc. experienced
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
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
RBI Chief pushes back on calls to cut food from inflation target
Reserve Bank of India’s Governor Shaktikanta Das rejected the proposal of a top government advisor to strip volatile food prices from inflation targets, saying such a move would make no sense to normal consumers. Eliminating food, which accounts for nearly half the Asian nation’s consumer inflation basket, would amount to
Sustainable farming: The key to unlocking India’s carbon credit potential
India, with its vast agricultural landscape and diverse agroclimatic zones, is uniquely positioned to play a central role in the global carbon credit revolution. As nations worldwide race to mitigate the impact of climate change, carbon credits — tradable permits that represent reduced greenhouse gas emissions — are becoming increasingly
Emerging economies must get equitable voice in global financial governance: Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted the need for reforms in the international financial system to address challenges faced by emerging economies and to adapt to the evolving global economic landscape. Das made these remarks during his address at the Macro Week 2024 event, organized by the
Pawfect buddies: Mumbai Airport revives emotional support dog program at Terminal 2
Mumbai International Airport (MIAL) has reintroduced its ‘Pawfect’ program, bringing emotional support dogs back to Terminal 2 to assist travelers, airport officials announced. The initiative, which makes MIAL the only Indian airport offering such a service, features nine trained dogs including a Golden Retriever, a Maltese, a rescued Husky, Shih
Farmers require comprehensive crop insurance scheme: Agri economist
Agricultural economist and Tata Institute of Social Sciences (TISS) Professor R Ramkumar called for a comprehensive overhaul of the country’s crop insurance scheme, which should extend beyond crop losses to include income risks. Stating that settlement rates were very low, he called for the induction of public insurance companies into
Pre-paid vouchers constitute supply of ‘goods’, taxable at 18%, rules UPAAR
Pre-paid vouchers can be treated at par with Sodexo vouchers or gift vouchers issued by Kalyan Jewellers and accordingly will attract GST at the rate of 18 per cent, Uttar Pradesh’s Authority for Advance Ruling (UPAAR) has ruled. “Supply of vouchers by the applicant are taxable at the rate of