MP cabinet approves to give domestic gas cylinder at Rs 450 in Sawan month
The Madhya Pradesh cabinet, chaired by Chief Minister Shivraj Singh Chouhan, made several important decisions during a recent meeting. These decisions include providing domestic gas cylinders at a rate of Rs 450 during the Sawan month, postponing increased electricity bills until August 31, 2023, and increasing incentives for ASHA workers and supervisors, among others. Key Points
Economic TimesCash-strapped Pakistan approves projects worth billions of dollars to Gulf countries for investment purpos
In a major development, cash-strapped Pakistan has in principle approved 28 projects worth billions of dollars that would be offered to Gulf countries for investment with the long-term objective to reduce reliance on loans and imports. The newly established Special Investment Facilitation Council (SIFC) -- a hybrid civil-military forum - is leading the drive to fast-track economic development to address the financial woes of the country. Key Points
Economic TimesSpiceJet jumps 6% after board approves raising Rs 2,500 crore via QIP
The company's board has also approved issuing equity shares of $29.5 million on a preferential basis to Carlyle Aviation Partners as part of the proposed restructuring plan reached with the lessor. Key Points
Economic TimesWhat are your chances of getting an H-1B visa? These stats will give you an idea
H-1B visas is one of the most popular work the United States offers. It it a work permit that allows foreign workers to go to the United States and work for American companies. The US Congress has set the current annual regular cap for the H-1B category at 65,000. Key Points
Economic TimesRajasthan govt approves hike in minimum wages for labourers by Rs 26 per day
The government has also expanded free health insurance coverage under the Mukhyamantri Chiranjeevi Swasthya Bima Yojana, included registered insured employees and their dependent families under the Employees State Insurance Scheme, and approved funding for the development of an e-registration project. Additionally, six government upper primary schools will be upgraded to higher secondary schools. Key Points
Economic Times
New electricity tariffs kick in, leave consumers in shock
As the new tariff revisions, which were approved by the Karnataka Electricity Regulatory Commission (KERC) in May, came into effect and started reflecting in the bills generated this month, many citizens were left in a state of shock or confusion. Many took to social media to air out their confusion about seeing over a 30-50% increase in their Bangalore Electricity Supply Company (Bescom). Key Points
The HinduCentre raises minimum support price for copra
New Delhi [India], December 27 (ANI): The Union Cabinet on Wednesday approved raising the Support Price for copra for the 2023-24 marketing season. The MSP for milling copra has been increased by Rs 300 to Rs 11,160 per quintal. Similarly, the MSP for ball copra has been increased by Rs 250 to Rs 12,000 per […] Key Points
ThePrintLand acquisition, flyovers and tunnels raised Bharatmala cost: Official
The cost of highway projects under India's Bharatmala programme has risen above initial estimates due to the construction of wider highways and tunnels, as well as more expensive land acquisition, top Roads Ministry official said. TThis programme was approved by the Cabinet Committee on Economic Affairs (CCEA) in July 2017. Key Points
Economic TimesRBI nod to 34 applications from Russian banks to open accounts: Govt to Parl
The Reserve Bank of India (RBI) has approved 34 applications from different Russian banks for opening special rupee vostro accounts in 14 Indian commercial lenders as of July 2, Parliament was informed on Wednesday. India's trade with Russia has been affected by difficulties in payment due to western countries' sanctions on major Russian banks, Minister of State for Commerce and Industry Anupriya Patel said in a written reply to the Lok Sabha. Key Points
Economic TimesIndia approves $3.9 billion hydropower project near China border
The government approved the estimated investment of 319 billion rupees ($3.9 billion) for the 2,880-megawatt Dibang project in Arunachal Pradesh, state-run hydropower producer NHPC Ltd. said Monday. The project is estimated to take nine years to build. Key Points
Economic Times
Stocks in news: Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, Indian Oil
Benchmark indices show positive momentum for the second consecutive day with lower volatility compared to the results day. Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, and Indian Oil are in focus for various news developments. Allcargo Terminals, Bajaj Finserv, RVNL, Muthoot Microfin, and Pidilite Industries have also made significant announcements. Key Points
Economic TimesUS FDA approves Valneva's chikungunya vaccine
The U.S. Food and Drug Administration (FDA) on Thursday approved Valneva's (VLS.PA) single-shot vaccine for individuals 18 years of age and older who are at increased risk of exposure to the chikungunya virus. Key Points
ReutersUS FDA approves Otsuka's blood pressure treatment device for use
The U.S. Food and Drug Administration (FDA) approved the use of a device made by an Otsuka Holdings (4578.T) unit in a type of surgery to treat high blood pressure, the company said on Wednesday. Key Points
ReutersUS FDA approves Pfizer-OPKO's drug for growth hormone deficiency in kids
The U.S. Food and Drug Administration has approved Pfizer Inc and partner OPKO Health Inc's treatment for growth hormone deficiency in children, the companies said on Wednesday. Key Points
ReutersFrom ₹6,000 crore fishery scheme to telecom spectrum auction, key decisions by Union Cabinet today
The Union Cabinet extended the Fisheries Infrastructure Development Fund for another three years and approved the auction of telecom spectrum bands at a base price of ₹96,317.65 crore. Key Points
mintDell, Acer, HP among 27 manufacturers approved by Cabinet under Production Linked Inventive scheme for IT hardware
New Delhi [India], November 18 (ANI): Building on the success of the Production Linked Incentive scheme (PLI) for mobile phones, the Union Cabinet led by Prime Minister Narendra Modi has approved PLI Scheme – 2.0 for IT hardware, said a government release on Saturday. This scheme covers laptops, tablets, all-in-one PCs, Servers and Ultra Small […] Key Points
ThePrintArunachal cabinet approves amendment of state industrial & investment policy
The Arunachal Pradesh cabinet has approved several amendments and policies to attract investment and promote economic development in the state. The amendments to the State Industrial and Investment Policy aim to create a favorable environment for investment by providing infrastructure, skills development, and employment opportunities. Key Points
Economic TimesStocks in news: Cyient DLM, HDFC Bank, Bajaj Auto, Hindustan Zinc
Suzlon Energy Ltd on Friday said its board has approved a proposal to raise up to Rs 2,000 crore. The company will explore various financial routes to raise the amount. Key Points
Economic TimesBlockbuster weight loss and anti-diabetes drugs could soon be available in India
Aditi Tandon New Delhi, August 8 The USFDA-approved blockbuster weight loss and anti-diabetes drugs—Ozempic and Wegovy—could soon make it to the Indian market. The Ministry of Health on Thursday approved local clinical trial waivers for high-end select drugs approved by... Key Points
The TribuneSebi clears measures to facilitate ease of doing biz for FPIs, other entities
Mumbai, Mar 15 (PTI) Regulator Sebi on Friday approved a slew of measures to further improve the ease of doing business for market participants, including providing relaxations to Foreign Portfolio Investors (FPIs) and entities looking to raise funds through initial share sale. The proposals were cleared by the Sebi board during its meeting on Friday. […] Key Points
ThePrint
Cabinet announces Rs 24,420-crore subsidy on P&K fertilisers for Kharif Season 2024
The Cabinet on Thursday approved Nutrient Based Subsidy rates for Kharif Season 2024 (from 01.04.2024 to 30.09.2024) on Phosphatic and Potassic fertilizers and inclusion of three new fertilizer grades under NBS scheme. Key Points
Economic TimesLok Sabha passes Finance Bill, completes exercise for interim budget 2024-25
On Wednesday, the Lok Sabha approved the Union Government's interim Budget 2024-25, amounting to Rs 47.66 lakh crore, through a voice vote. Additionally, the lower house also passed the budget of Rs 1.8 lakh crore for the Union Territory of Jammu and Kashmir, again via a voice vote. Finance Minister Nirmala Sitharaman piloted both budgets, along with the supplementary demands for grants and relevant appropriation bills. Key Points
Economic TimesCCI approves stake buy in Religare Enterprises by Burman family companies
The Competition Commission of India (CCI) has approved the proposals for stake acquisitions in Religare Enterprises (REL) by four entities controlled by the Burman family members. These entities aim to acquire a majority shareholding of up to 53.94% in REL and collectively exercise joint control over the company. Key Points
Economic TimesEPFO board approves framework for timely dissemination of information
The EPFO board also approved the Draft Audit Manual which will help standardize audit procedures, provide a training resource for employees, facilitate decision-making, and consolidate audit information in EPFO, the Ministry of Labour & Employment said in a statement. The decisions were taken at EPFO's 71st Foundation Day on Tuesday. Key Points
Economic TimesTitan board approves raising up to Rs 2,500 cr via NCDs
The board of Titan has also approved a proposal for availing long-term borrowings in the form of long-term unsecured loans up to a limit of Rs 1,000 crore from banking institutions. Titan shares have had a decent run this year with a gain of about 29%. The gems and jewellery stock hit a record high of Rs 3351 in mid-September, but quickly pared gains and went under price correction Key Points
Economic Times
Centre raises cooking gas subsidy ahead of state, national elections
Offering additional subsidies aimed at benefiting rural women comes barely a month after the Centre approved the expansion of the PM Ujjwala Yojana scheme to 7.5 million women to take the number of total beneficiaries to 103.5 million over the next three years Key Points
mintCAG audit flags huge cost overruns in Dwarka Expressway project
The National Highways Authority of India (NHAI)'s decision to opt for elevated carriageway on the Haryana portion of the expressway has pushed up the construction cost to Rs 251 crore per km from the originally approved Rs 18.2 crore per km, the report pointed out. Key Points
Economic TimesUS FDA approves Pfizer's hair loss drug
The U.S. Food and Drug Administration has approved Pfizer Inc's drug to treat hair loss caused by an autoimmune disease, the company said on Friday. Key Points
ReutersInterview | ‘To ensure Bt cotton tech is agile, responds to smallholders’ concerns’
"For every trait we bring into the country, we need to apply for regulation. Right now we are very focused on getting the BG-II RRF approved by the GEAC, and the application was resubmitted in December 2021. " Key Points
FinancialexpressCCI approves SREI Infra Finance's acquisition by NARCL, IDRCL
The Competition Commission of India (CCI) has approved the acquisition of Srei Infrastructure Finance by National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRCL) under the green channel route. NARCL submitted a resolution plan to acquire the majority of the equity share capital of Srei Infrastructure Finance and its wholly-owned subsidiary, SREI Equipment Finance. Key Points
Economic Times
Cabinet clears DA hike of 4 per cent, Rs 200 LPG subsidy
The Cabinet Committee on Economic Affairs (CCEA) on Friday approved a subsidy of ₹200 per cooking gas cylinder to the beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY). Separately, the Union cabinet approved an increase in the dearness allowance (DA) and dearness relief to 42% of the basic pay or pension from 38%, a move that will benefit 11.7 million government employees and pensioners. Key Points
Economic TimesDU council approves proposals for dual degrees
The Delhi University's academic council has approved a proposal for dual degrees, allowing students to pursue two academic programmes concurrently, with one being through distance learning or online. The decision is subject to final approval from the university's executive council. The council also passed regulations linking the promotion of teachers to publications in UGC-approved journals. Two other items were deferred for consideration at a later date. | Latest News Delhi Key Points
Hindustan TimesGovt approves PM-PRANAM to boost balanced use of fertilisers; Rs 3.68 lakh crore subsidy on urea till March 2025
The Centre on Wednesday approved a new scheme PM-PRANAM to incentivise states to promote alternative fertilisers and reduce the use of chemical fertilisers and also decided to continue the current urea subsidy scheme for three years ending March 2025, with an outlay of Rs 3.68 lakh crore. Key Points
The Tribune IndiaGovt approves PM-PRANAM to boost balanced use of fertilisers; Rs 3.68 lakh cr subsidy on urea till Mar 2025
That apart, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved an outlay of Rs 1,451 crore subsidy to promote organic manure, taking the total package to over Rs 3.70 lakh crore. Key Points
Business TodayCabinet clears Rs 24,420 cr subsidy for P&K fertilisers in Kharif season
The union Cabinet approved a subsidy of ₹24,420 crore for phosphatic and potassic fertilisers for the upcoming kharif season, while maintaining the rate for di-ammonium phosphate at ₹1,350 per bag of 50 kg. The Cabinet also approved three new fertiliser grades under the Nutrient-Based Subsidy scheme to reduce import dependence. Key Points
Economic TimesNCLT approves Hinduja Group firm IndusInd International Holdings' resolution plan for Reliance Capital
Mumbai, Feb 27 (PTI) The National Company Law Tribunal on Tuesday approved Hinduja Group firm IndusInd International Holdings’ Rs 9,650-crore resolution plan for Reliance Capital. The Mumbai bench of the NCLT approved the plan submitted by IIHL (IndusInd International Holdings Limited) in June 2023 in the second round of bidding for the debt-laden company. A […] Key Points
ThePrintGadkari approves Rs 2,249 cr for construction of Lada-Sarli section on Frontier Highway in Arunachal
New Delhi, Feb 6 (PTI) Union Minister Nitin Gadkari has approved Rs 2,248.94 crore for the construction of the Lada-Sarli section of NH-913 (Frontier Highway) in Arunachal Pradesh on EPC mode, an official statement said on Tuesday. Gadkari said that this vital project, dedicated to providing a swift communication network for security forces, is poised […] Key Points
ThePrintGovt says 30 companies taking advantage of PLI scheme for making millet-based products
Around 30 companies, including 22 MSMEs, are benefiting from the Production-Linked Incentive (PLI) scheme for manufacturing millet-based products in India. The scheme encourages the use of millets in Ready to Cook/Ready to Eat (RTC/RTE) products, with an outlay of Rs 1,000 crore. The companies aim to promote millet-based products under this initiative. Key Points
Economic TimesUS approves long-range missile deal with Japan amid China's growing military clout
The US has approved a $2.35 billion sale of 400 Tomahawk missiles to Japan, as Tokyo seeks to bolster its defenses in the face of China's growing military prowess. Key Points
India TodayAstraZeneca prioritizes US for RSV drug amid surge in cases
AstraZeneca (AZN.L) on Friday said it was prioritizing the U.S. market for additional doses of its respiratory syncytial virus (RSV) drug Beyfortus, which was approved in July to prevent the disease in infants and toddlers, as a surge of cases is outpacing supply. Key Points
Reuters
DGCA approves IndiGo's flight services to Tashkent
The Directorate General of Civil Aviation (DGCA) has approved flights of IndiGo to Tashkent, Uzbekistan. The airline announced that it would start services to Tashkent from September 22. IndiGo will be operating four weekly non-stop flights between Delhi and Tashkent, which will be the airline's 31st international destination. Key Points
Economic TimesCabinet gives nod to HUDA City Centre-Cyber City metro project in Gurugram
The Union Cabinet on Wednesday approved Metro connectivity from HUDA City Centre to Cyber City in Gurugram, Union Minister Piyush Goyal said. The project will cost Rs 5,452 crore. The Cabinet, chaired by Prime Minister Narendra Modi, approved the entire elevated metro line covering 28.5 kilometres. The project is expected to be completed in four years. Key Points
Economic TimesCabinet approves ₹1.08 lakh crore-fertiliser subsidy for Kharif season
The Union Cabinet on May 17, 2023 approved a ₹1.08 lakh crore-fertiliser subsidy for the 2023-24 Kharif season, a move aimed to ensure that there is no increase in the retail prices of fertilisers. Key Points
The HinduAmericans in Sudan must make their own arrangements to stay safe: US government
President Joe Biden had approved a plan earlier this week to move U.S. forces nearby in case they are needed to help evacuate American diplomats. | World News Key Points
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