Central govt launches second attempt to auction 11 coal mines
AMN / NEW DELHI The Nominated Authority in the Coal Ministry had launched the second attempt of the auction for 11 coal mines earmarked for sale of coal last month.…
Goyal asks Export Promotion Councils to aim for $450 to 500 bn exports next year
AMNUnion Minister of Commerce and Industry, Piyush Goyal has called the Export Promotion Councils (EPCs) for 450 to 500 billion US dollar exports next year. Mr Goyal said this while…
Govt imposes stock limits on edible oils to soften prices in domestic market
AMN / NEW DELHI Centre has imposed stock limits on edible oils to soften the prices of edible oils in the domestic market. Consumer Affairs Ministry said, the Department of…
Chief Economic Adviser, Says “Will Return To Academia”
AMN / WEB DESK India’s Chief Economic Adviser KV Subramanian will return to academia at the end of his three-year stint as next month. “I have decided to return back…
Welcome back, Air India, says Ratan Tata
AMN / WEB DESK Chairman Emeritus, Tata Sons. Chairman, Tata Trusts, Ratan Tata today welcomed the homecoming of Air India. Ratan Tata was exteremly delighted after his conglomerate won the…
RBI keeps key lending rate—repo rate unchanged at 4% for eighth time
AMN / WEB DESK The Reserve Bank of India’s (RBI’s) six-member monetary policy committee (MPC), headed by Governor Shaktikanta Das, kept the key lending rate — repo rate unchanged at…
Cabinet approves Bonus equivalent to 78 days’ wage to eligible non-gazetted Railway employees
AMN The Union Cabinet today approved Productivity Linked Bonus equivalent to 78 days’ wage to eligible non-gazetted Railway employees excluding RPF or RPSF personnel for financial year 2020-21. Briefing media…
Govt notifies incentives and disincentives pertaining to Vehicles Scrapping Policy
AMN The Road Transport and Highways Ministry has issued notification on incentives and disincentives pertaining to Vehicle Scrapping Policy. In the policy, there is a system of incentives and disincentives…
Moody’s upgrades India’s rating outlook from negative to stable
Moody’s has upgraded India’s rating outlook from negative to stable. The decision to change the outlook to stable reflects Moody’s view that the downside risks from negative feedback between the…
Coal supply shortage triggering power outage
Sanjay Singh / New Delhi Shortage of coal supply is triggering a power crisis and is threatening to stall India’s economy at this time when it’s expanding at an exponential…