The government on Monday sought the approval of Parliament to spend an additional Rs 1.48 lakh crore for the current financial year 2022-23 as part of the second batch of supplementary demands for grants. Of the total, an additional fund of Rs 36,325 crore is being sought for payment towards fertiliser subsidy, said the second … Read more
IREDA IPO: Indian Renewable Energy Development Agency (IREDA) is expected to make a stock market debut soon as the government Friday approved a proposal for listing of IREDA through initial public offer by the part sale of the government stake and fresh issue of equity shares to raise funds. “Cabinet Committee on Economic Affairs (CCEA) chaired … Read more
It is time to expedite procurement, ordering and budgeting process in the defense sector, President of Society of Indian Defense Manufacturers SP Shukla told Journalpur Business. He said that a lot of pain points which were there previously, have been removed over the past 3-4 years in the public and private sectors. These were creating … Read more
The last full budget of the present government – Budget 2023 will be more rural and infra-focused, a globule brokerage firm UBS said in its report on Wednesday. As India heads for the general elections next year, the government may present Interim Budget ahead of national polls. According to UBS India economist Tanvee Gupta Jain … Read more
The Department for the Promotion of Industry and Domestic Trade (DPIIT) is working on formulating a policy for auctioning salt land to private actors, according to PTI sources. The government is working on a policy for the auction of salty land to private players: what is the salty land policy? The department had received requests … Read more
Ahead of the 2023 Union budget, gem and jewelery exporters urged the government on Sunday to announce support measures such as the abolition of import duties on the raw material for lab-grown diamonds and a jewelery repair policy to promote the sector and boost shipments. The industry also suggested the introduction of presumptive taxes on … Read more
India plans to sell small stakes in state-owned companies, including the world’s biggest coal miner and Asia’s biggest zinc producer, to take advantage of a stock market boom and boost revenue in the final quarter of the fiscal year, according to people familiar with The issue. The government is looking to sell 5% to 10% … Read more