Economy

Maha Kumbh: Coal Ministry makes contingency plans for supply to power plants

The Coal Ministry has made contingency plans for despatch and transport of coal to thermal power plants (TPPs) in northern India to avoid any disruptions due to the ongoing Maha Kumbh Mela in Prayagraj (Uttar Pradesh). Considered the world’s largest religious gathering, the 45 day-long Maha Kumbh commenced on Monday and concludes on February 26. […]

Commerce Ministry may seek 5-year extension of interest equalisation scheme for exporters in Budget

NEW DELHI: The commerce ministry is likely to seek further extension of the interest equalisation scheme in the forthcoming Budget on pre- and post-shipment rupee export credit for another five years to promote the country’s outbound shipments, an official said. The scheme ended on December 31 last year. The scheme helps exporters from identified sectors […]

Economy

Commerce Ministry may seek 5-year extension of interest equalisation scheme for exporters in Budget

The commerce ministry is likely to seek further extension of the interest equalisation scheme in the forthcoming Budget on pre- and post-shipment rupee export credit for another five years to promote the country’s outbound shipments, an official said. The scheme ended on December 31 last year. The scheme helps exporters from identified sectors and all […]

Economy

Edible Oil Survey by agriculture ministry may throw light on consumer preference

In a first, the Union Agriculture Ministry is conducting a survey on edible oil using “My Gov” platform with the objective of formulating policy in accordance with what the consumers want. This would also benefit the farmers from growing demand-driven crops and help the country move towards self sufficiency in edible oil. The Survey, launched […]

Finance ministry to review inclusion plans

New Delhi: Finance ministry has called a meeting of heads of public sector banks on Wednesday to review progress of various financial inclusion schemes, including Jan Suraksha and Mudra Yojana. The meeting, which would see participation from representatives of private sector banks, is scheduled to be chaired by financial services secretary M Nagaraju. The meeting […]

Economy

Power Ministry sets single part tariff for EV battery charging and swapping stations till March 2028

The Ministry of Power has said that the tariff for supplying electricity to electric vehicle (EV) battery charging and swapping stations shall be a single part tariff, which should not exceed the Average Cost of Supply (AcoS) till March 2028. The Ministry last week released the guidelines for operation of battery swapping and charging stations, which […]

Nepal to consider request for import of certain dairy products from India: Commerce ministry

NEW DELHI: India has flagged concerns over the problems faced by its milk exporters in Nepal, with the neighbouring country agreeing to explore the possibility of facilitating imports of specific products like whey and cheese, an official statement said on Sunday. The matter came up for discussions during the meeting of the India-Nepal Inter-Governmental Committee […]

Economy

Ministry of Environment notifies End-of-Life for vehicles

The Ministry of Environment, Forest and Climate Change on Tuesday notified End-of-Life vehicles. The concerned gazette notification said vehicles makers have to take necessary measures to encourage scrappage of vehicles at registered vehicle scrapping facility or designated collection centres, effective April this year. The rules say that every producer (vehicle manufacturer) must make necessary arrangements […]

Economy

States must prioritise state-specific logistics policies to meet development aspirations: Ministry of Commerce Report

The Logistics Division of the Ministry of Commerce has emphasised the need for States and Union Territories (UTs) to prioritise the development of State-specific logistics policies to achieve their developmental aspirations. A recent report by the division highlighted the critical role of the logistics sector in driving economic growth and enhancing India’s global competitiveness. According […]

Commerce ministry, Indian mission officials of 20 nations to discuss ways to boost exports in Jan 6-8 meet

NEW DELHI: Senior officials from the commerce ministry, and commercial wings of Indian Missions of 20 countries will hold a three-day meet, beginning here on Monday, to discuss ways to promote exports of goods and services, an official said. Commerce and Industry Minister Piyush Goyal will also interact with these commercial representatives on January 6. […]