Government aims to achieve 20 per cent ethanol blending with petrol by 2025 The Government aims to double ethanol distillation capacities to achieve the 20 per cent blending target by 2025. To enable this, sugar mills and distilleries have been asked to enhance their capacities. The NDA Government has set up the …
Read More »Sensex, Nifty Hit Record Highs As Covid Curbs Ease, Cases Decline
The Indian equity benchmarks traded at all-time highs on Tuesday, as declining COVID-19 infections prompted more parts of the country to open businesses, with sentiment aided by upbeat broader markets. The Sensex rose as much as 318 points to hit all-time high of 52,869.51 and Nifty 50 index climbed 90 …
Read More »Reserve Bank Of India Suggests Regulatory Framework For Microfinance Institutions
RBI has suggested a regulatory framework for microfinance institutions To regulate the functioning of microfinance institutions (MFIs), the Reserve Bank of India (RBI) has suggested a new regulatory framework for these bodies, under which it has recommended that there should be no pre-payment penalty, no requirement of collateral and greater flexibility of …
Read More »NTPC Invites Global Tenders For Hydrogen Fuel Cell-Based Projects
NTPC wants to establish its footprint in the field of green fuel technology National Thermal Power Corporation (NTPC) has floated a global expression of interest (EOI) to set up two pilot projects, a stand-alone fuel cell-based backup power system and a stand-alone fuel-cell based microgrid system with hydrogen production using …
Read More »Monsoon Covers Two-Third Of India Earlier Than Usual, To Accelerate Crop Sowing
India’s annual monsoon rains have covered two-third of the country, nearly a fortnight ahead of the normal schedule, a weather department official said on Monday, adding that conditions are favourable for further advancement into the north-western parts this week. The early arrival of monsoon rains in central and northern India …
Read More »Government Allows Manual Filing Of Tax Forms As New Portal Face Glitches
The income tax department on Monday allowed manual filing of certain forms after the new tax filing portal continued to face tech glitches even after a week of its launch. The I-T department issued a circular allowing manual filing of Form 15CA/15CB (required for foreign remittances) with banks till June …
Read More »Soon Prepaid Mobile Connection Holders Can Recharge Through Bharat Bill
RBI has said that prepaid mobile recharge can be done under Bharat Bill Payment System In what can be good news for millions of prepaid mobile connection holders across the country, the Reserve Bank of India (RBI) on Monday allowed prepaid mobile recharge to come under the ambit of Bharat …
Read More »Government Relaxes E-Filing Norms For Submitting Income Tax Forms 15CA/CB
The government on Monday relaxed electronic filing norms for submitting Income Tax forms 15CA and 15CB to manual format after some taxpayers reported difficulties in electronic filing of Income Tax Forms on the portal www.incometax.gov.in, Ministry of Finance said in a press release. As per the new norms, Income Tax …
Read More »Adani Group Shares Shed $6 Billion Despite Rejecting Reports On Investors
Shares in companies controlled by billionaire Gautam Adani shed more than $6 billion on Monday despite rejecting media reports that said accounts of three investor funds that own stocks had been frozen. Adani Group flagship Adani Enterprises closed down 6.3 per cent after plunging as much as 25 per cent, …
Read More »Retail Inflation Quickens To 6.3% In May, Highest In Six Months
Retail inflation rose to a six months high in May 2021 Consumer Price Index or retail inflation for May 2021 witnessed a rise as it was 6.3 per cent compared to 4.23 per cent in April 2021. It has touched the highest mark in six months, as it was 6.93 per cent …
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