Karnataka Governor Gehlot returns the Mineral Tax Bill, seeks clarification
The Karnataka Governor Thawar Chand Gehlot has returned the Mineral Tax Bill, according to news reports. The Governor cited queries raised by mining associations as the reason for his decision. Commenting on the development, Congress spokesperson, BL Shankar stated, “This Bill was introduced in the interest of the community. Both
Non-utility solar booms, residential rooftop likely to surpass C&I
India’s solar energy sector underwent a transformative year in 2024, with non-utility solar installations—including rooftop and off-grid systems—accounting for a significant 25 per cent of the total 24.5 GW solar capacity added during the year. This marks a significant shift from historical trends dominated by utility-scale projects, according to a
Solvent extractors concerned over import of cheaper refined edible oil from Nepal
The Solvent Extractors’ Association of India (SEA) has said that the influx of cheaper refined edible oil from Nepal is affecting domestic oil refining industry in India. In his monthly letter to the members on Thursday, Sanjeev Asthana, SEA President, said edible oils are allowed to be imported from SAFTA
EVs, hybrids impacting auto fuel sales in FY25
The rising popularity of electric vehicles (EVs) and hybrid vehicles is impacting India’s consumption of petrol and diesel, which accounts for more than 60 per cent of the refined products usage in the world’s third-largest crude oil consumer. Top management at the State-run Bharat Petroleum Corporation (BPCL), operating over 22,000
India’s December y-o-y air passenger traffic up by over 8%
India’s domestic air passenger traffic grew by over eight per cent in December 2024 on a year-on-year basis, official data showed on Wednesday. As per the data released by the Directorate General of Civil Aviation (DGCA), India’s scheduled domestic flight operators ferried around 1.49 crore passengers last month. In December
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
Air India Express to enhance NCR presence, commence ops from Hindon airport
Tata Group-promoted airline Air India Express plans to enhance its presence in the national capital region by commencing flight operations from Hindon airport on March 1, 2024, sources told businessline. The airline, sources said, will connect Hindon with Goa, Kolkata, and Bengaluru while also maintaining full-fledged operations at IGI Airport.
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
Buimerc India Foundation initiates mangrove restoration project along Kerala’s coast
Buimerc India Foundation (BIF), the philanthropic arm of the Dubai-based Buimerc Group, is spearheading a three-year mangrove restoration project to protect Kerala’s coastal ecosystem. The project will be implemented with technical and scientific support from the MS Swaminathan Research Foundation (MSSRF). Starting with a 10-km stretch along the Vypeen coastline
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.