Despite India having the fourth largest coal reserves in the world, domestic producers are being unable to meet the requirements.
The Union Government signs a Share Purchase Agreement (PSA) with Tata Sons’s subsidiary company Tata Talace Pvt. Ltd. for Air India. This marks the exit of the government in the full-carrier business. Post signing of the agreement the salt-to-software conglomerate have to give Rs 2700 crores in cash and rest Rs 15,300 crores will be absorbed as debt as part of the government’s conditions to finally takeover the Maharajah. Continue reading Govt. of India signs Share Purchase Agreement with Tata Sons for Air India
The guidelines will be followed by the passengers who are coming to India from the United Kingdom, France, Germany, Nepal, Belarus, Lebanon, Armenia, Ukraine, Belgium, Hungary and Serbia.
Fuel continues to pinch this festive season with the hike of ₹0.35, the price of petrol increased to ₹107.59 per litre in the national capital while the price of diesel went up to ₹96.32 per litre with an increase of 35 paisa, too.
This is the third day of price increases in a row. On October 18 and 19, there was no change in rates, after which prices were raised by 35 paise per litre for four days in a row.
Gita made history when she joined the Washington-based Global lender as the first women Chief Economist. Before joining the IMF as Economic Counsellor and Director of Research Department, she was the John Zwaanstra Professor of International Studies and Economics department at Harvard University.
Malpass congratulated Sitharaman on India’s Covid-19 vaccination campaign and thanked her for India’s international role in vaccine production and distribution.
It is a bonanza for energy investors, as India faces a crisis in coal due to accelerated demand post-pandemic and heavy rains lashing out the coal-bearing areas affecting the supply chain. But why? Inflation is the answer. What is inflation? Inflation is the rise in the prices of goods and services in an economy. Inflation measures the rate at which the price of basic commodities … Continue reading A brief on inflation
China is not the only country facing struggling with power outages, which have led to fuel shortages and blackouts in some countries. Continue reading China coal prices hit record highs, early winter chill adds to energy woes
Reliance is expanding its green business by adding more teeth to its portfolio. Recently, the RIL acquired a number of companies which will gives boost to its green energy business. Continue reading Reliance cracks down two more deals to foray its green energy push
On October 13, Finance ministers of G-20 countries are to finalize the Organization of Economic Co-operation and Development (OECD) tax deal in Washington. 136 countries, including India have agreed to abide by the major international tax reform, which will ensure that multinationals pay a minimum tax of 15% on their overall income from 2023 and if profits are above the threshold, they will have to … Continue reading India to do away with SEP as we enter a new multinational tax regime
The coal ministry secretary further criticises the CIL chief in the letter for allegedly ignoring several warnings in meetings beginning in April 2021. Continue reading As the power crisis worsened, the Coal Secretary summoned Coal India Ltd.
Tesla’s expansion in Palo Alto came even after Elon Musk announced that last week the company was moving it’s headquarters from Palo Alto, California to Austin, Texas. Continue reading Tesla to expand presence in Palo Alto despite HQ move to Texas source
Govt. of India issues Letter of Intent (LoI) to Tata Group for Air India sale. The Tata Group had to sign the LoI within 14 days and then a Share Purchase Agreement will be signed between the government and the Tata Group. The transaction will be completed by the end of December. Continue reading Govt of India issues Letter of Intent for Air India confirms DIPAM Secretary
Due to the COVID-19 pandemic, the Odisha government has instructed all puja committees to limit the height of Durga idols to within four feet. As a result, about 300 jari medha artisans have been unable to work on puja pandals. Continue reading Height of misery: Cuttack’s Jari Medha artisans suffer as a result of idol restriction