PM Narendra Modi participated in the IBSA Leaders’ Meeting on G20 margins, stressing that UNSC reform is imperative, and said that there should be no room for double standards while fighting terrorism. PM Modi joined the trilateral mechanism meet hosted by South African President Cyril Ramaphosa and attended also by Brazil President Luiz Inacio Lula…
Rising production costs are putting pressure on consumer goods makers, but many are choosing to delay price hikes amid fears that any upward revision could trigger government action following the latest GST reductions.Executives from major firms in categories such as soaps, biscuits, detergents, automobiles and consumer electronics said they plan to approach the government and…
NEW DELHI: The finance ministry is considering an earlier proposal to merge the three state-owned general insurance companies into a single entity, following their improved financial health, to achieve better efficiency and scale.Government infused Rs 17,450 crore between 2019-20 and 2021-22 in three PSU general insurance companies, namely Oriental Insurance, National Insurance and United India…
Arvind Panagariya, chairman of the 16th Finance Commission (PTI file photo) Arvind Panagariya, chairman of the 16th Finance Commission, spoke to TOI after submitting the panel’s report. He speaks on a range of issues from growth prospects for the economy to reforms that need to be pushed. Excerpts:How do you see India’s growth prospects in…
When it comes to weddings, most Indians want them to be big, fat and bling. The wedding season is off to a strong start; hotels from Corbett to Bodh Gaya are booked as more Indians choose offbeat locales to tie the knot, shopping of Banarasi sarees, sherwanis, shoes and jewellery is in full swing and…
NEW DELHI: Amid the political row kicked up by the proposed constitutional amendment to bring Chandigarh under the ambit of Article 240, home ministry Sunday clarified that the proposal neither “seeks to alter Chandigarh’s governance or administrative structure” nor “change the traditional arrangements between Chandigarh and the states of Punjab and Haryana”. In a post…
MUMBAI: Several global banks and economists expect a 25 basis points (100 bps = 1 percentage point) repo cut in Dec 2025, possibly ending the current easing cycle. Near-zero CPI inflation in Oct has strengthened confidence that RBI’s monetary policy committee can ease rates even if July-Sept growth exceeds the central bank’s forecast of 7%.A…
Mumbai: Adani Group‘s defence and aerospace unit is considering an acquisition of Flight Simulation Technique Centre (FSTC), India’s leading non-captive pilot training firm, people familiar with the matter said. If the deal goes through, it will mark the group’s entry into the aviation training business and ramp up its M&A portfolio.Established in 2012, FSTC has…
NEW DELHI: Magicbricks has released the rental Index for the July-Sept quarter, highlighting that the rental market is resetting after three quarters of strong activity. The report showed that average rents continued to strengthen, rising 4.4% quarter-on-quarter and 18.1% year-on-year, even as key metros displayed differing levels of tenant activity during this period.National rental demand…
The restarted Senate is moving forward with certain crypto initiatives, but how much time is left compared to how much work is left, really? You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Now that Congress is back…
