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Ministry of Mines to Launch 4th Auction for Critical Minerals in New Delhi The Ministry of Mines in India is set to launch the 4th tranche of auctions for critical and strategic mineral blocks on Monday in New Delhi. Union Minister of Coal and Mines G Kishan Reddy and Minister of State for Coal and…
India Increases Green Ammonia Allocation for Fertilizer Sector The Ministry of New & Renewable Energy (MNRE) in India has increased the allocation of Green Ammonia for the fertilizer sector from 5.5 lakh tonnes to 7.5 lakh tonnes per annum under the SIGHT Programme of the National Green Hydrogen Mission (NGHM). This decision was made in…
Finance Minister Nirmala Sitharaman Announces Key GST Council Decisions New Delhi, June 22: Finance Minister Nirmala Sitharaman announced that the next meeting of the Goods and Services Tax (GST) Council is tentatively scheduled for mid to late August. The GST Council has proposed exemptions for specific services offered by Indian Railways to the general public,…
Retail Inflation for Agricultural and Rural Workers in India Stays Steady in May 2024 In May 2024, the retail inflation for agricultural labourers (CPI-AL) and rural workers (CPI-RL) in India remained nearly unchanged at 7% and 7.02%, respectively, according to the Ministry of Labour & Employment. The previous month’s rates were 7.03% for CPI-AL and…
India’s Steel Makers Optimistic Despite Export Slowdown and Chinese Competition Despite a slowdown in steel exports and increased competition from China, Indian steel makers remain optimistic due to strong domestic demand. In May 2024, India’s steel exports dropped to 0.5 million tonnes, the lowest in six months. However, domestic steel consumption rose by 10.5% to…
Reliance Foundation and Olympian Shiva Keshavan Inspire Kids on Olympic Day in Mumbai The Reliance Foundation hosted a special event called ‘Let’s Move India’ at Reliance Corporate Park in Mumbai. This event, part of the International Olympic Committee’s global campaign, brought together 900 children from disadvantaged communities for a day of sports, fun, and learning…
Indraprastha Gas Limited Raises CNG Prices by Rs 1 per kg New Delhi [India], June 22: Indraprastha Gas Limited (IGL) has announced an increase in Compressed Natural Gas (CNG) prices by Rs 1 per kilogram. The new pricing structure came into effect at 6:00 a.m. on June 22, impacting various regions including New Delhi, Uttar…
Indian Government Increases CNG Prices by Rs 1 per kg The Indian government has announced an increase in Compressed Natural Gas (CNG) prices by Rs 1 per kilogram. The new pricing structure came into effect at 6:00 a.m. on June 22, affecting various regions across the country, including New Delhi, Uttar Pradesh, Haryana, Rajasthan, and…
India’s Big Renewable Energy Projects in Rajasthan and Karnataka The Indian government has approved two major Inter State Transmission System (ISTS) projects with a total investment of Rs 13,595 crore. These projects aim to transfer 9 GW of renewable energy from Rajasthan and Karnataka. Rajasthan Project The first project involves an investment of about Rs…
AI to Boost Global Banking Profits by $170 Billion by 2028, Says CITI Report Artificial intelligence (AI) is set to revolutionize the global banking sector, potentially increasing profits by USD 170 billion or 9% by 2028, according to a report by CITI. AI is being termed as the General-Purpose Technology (GPT) of the 2020s-2030s, with…