To assist scheduled Indian airlines in stabilising Aviation Turbine Fuel (ATF) costs in the face of persistent volatility in global energy markets, the Union Cabinet, headed by Prime Minister Narendra Modi, has sanctioned a one-time budgetary assistance package for Oil Marketing Companies (OMCs) worth ₹10,000 crore. The goal of the assistance is to prevent airlines […]
A clean mobility project of ₹9,585 crore has been approved by the Union Cabinet, which is headed by Prime Minister Narendra Modi. The scheme’s objectives are to reduce air pollution in the Delhi-National Capital Region and speed up the replacement of vehicles. This two-year program is part of the government’s larger effort to improve air […]
A standard framework for district-level economic data across India has been established with the announcement of a universal guideline for the calculation of District Domestic Product (DDP) estimates with base year 2022-23 by The National Statistics Office (NSO). The objective of the guideline is to bring uniformity, comparability, and methodological uniformity to the process of […]
While in Surat on June 5, which happens to be World Environment Day, Prime Minister Narendra Modi will inaugurate two key sections of the Delhi-Mumbai Motorway and lay the foundation stone for multiple projects worth a total of Rs 12,421 crore. Improving road connections across South Gujarat, lowering logistics costs, speeding up freight transportation, and […]
To commemorate the end of the second year of the BJP-led administration in Odisha, President Droupadi Murmu and Prime Minister Narendra Modi are expected to attend a special event in Rairangpur, Mayurbhanj district, on June 20, according to the Chief Minister’s Office (CMO). Chief Minister Mohan Charan Majhi presided over a high-level conference at Lok […]
Despite the market’s worst 12-month relative performance compared to emerging-market peers on record, Morgan Stanley has maintained a strong multi-year forecast for Indian equities. According to a strategy note by analysts Ridham Desai and Nayant Parekh, the fundamentals of the home market are still strong, which means that investors could see significant compounding returns for […]
On Tuesday, Mother Dairy stated that the nationwide supply and procurement situation is “comfortable” and that there are no urgent intentions to raise retail milk prices further. On May 14, a wholly owned firm of the National Dairy Development Board (NDDB) increased the retail price of milk by 2 rupees per litre. This company sells […]
The Central Board of Secondary Education (CBSE) has been reorganised with the appointments of Varun Bhardwaj as Secretary and senior officer Prashant Lokhande, IAS (AGMUT:2001), as Chairperson. The government has authorised a high-level investigation of the acquisition and deployment of the digital assessment platform, and the appointments follow mounting criticism of CBSE’s On-Screen Marking (OSM) […]
Propsoch, a Bengaluru-based homebuyer advisory platform, has raised USD 2 million in a seed funding round led by Athera Venture Partners, Sparrow Capital and Vakil Group. The fresh capital will be used to strengthen the company’s research and advisory capabilities, expand its team across functions, and support market expansion. Founded by Ashish Acharya and Ravi […]
A regulatory filing from Tuesday stated that the government’s Offer for Sale (OFS) in National Hydroelectric Power Corporation (NHPC) Ltd, which is under the Ministry of Power, was 3.47 times oversubscribed on the initial day of bidding for non-retail investors. Additionally, the authorities fully utilised the 3% greenshoe option, increasing the total offer stake to […]
