NEW DELHI: India has an investment potential of over ₹40 lakh crore in the power sector, Union minister Manohar Lal Khattar said on Thursday at a curtain-raiser for a global conference on the power sector.“We estimate an investment potential of over $345.97 billion in electricity generation and $68.22 billion in transmission and distribution. The energy…
India’s merchandise exports to China surged 67.35% year-on-year to $2.04 billion in December, driven by higher shipments of electronics, marine and agricultural products, according to Commerce Ministry data released on Thursday.The sharp rise was led by exports of oil meals, marine products, telecom instruments and spices. In the electronics segment, key items registering strong growth…
Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The…
The address of the finance ministry may have changed, but when it comes to guarding the country’s most closely held financial secret, tradition still holds firm on Raisina Hill.Even after the ministry’s move to the new Central Secretariat offices at Kartavya Bhawan last year, the printing of the Union Budget — among the most confidential…
Medical inflation is the most pressing concern at the moment. By Srikanth KandikondaAs India prepares for the Union Budget 2026-27, stakeholders across sectors are sharpening their focus on measures that can strengthen economic resilience and citizen welfare in the coming year. In the healthcare and insurance space, expectations are anchored in a sustained commitment to…
Get ready for new Amrit Bharat Express trains! Railway minister Ashwini Vaishnaw recently announced nine new Amrit Bharat Express trains, expanding the network of long-distance passenger services across the country. The upcoming trains will connect West Bengal and Assam with Bihar, Uttar Pradesh, Karnataka, Tamil Nadu and Maharashtra, strengthening inter-state rail links. Since the launch…
Bank holiday on January 15: January brings with it a series of festivals and events, and many are wondering whether January 15 is a bank holiday or not. It is therefore advisable to check the bank holiday calendar if a branch visit is on your to-do list.Missing a holiday can quickly turn a simple bank…
The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according to an official statement. NOP refers to the difference between banks’ total foreign currency assets and liabilities, revealing their exposure to currency fluctuations…
The auto component industry expects the real impact of US tariffs to play out in the second half of the current financial year, with uncertainty beginning to cloud fresh export contracts even as existing supplies continue, industry body ACMA said on Wednesday.Despite global headwinds, the sector posted steady growth in the first half of FY26….
Losses from VDAs cannot be set off — not against other income, nor even against gains from another crypto asset. The Central Board of Direct Taxes (CBDT) has raised fresh concerns about the risks posed by virtual digital assets (VDAs) such as cryptocurrencies, aligning its stance with that of the Reserve Bank of India (RBI)….
