TBB BUREAU NEW DELHI, OCT 20, 2022 Union Minister for Coal, Mines and Parliamentary Affairs Pralhad Joshi on Thursday said that during this financial year India’s total coal production will touch 900 million ton (MT) and all efforts are being taken by Coal India Limited and its subsidiaries to attain this goal.  He said that mineral exploration norms have been ...

TBB BUREAU NEW DELHI, OCT 7, 2022 India has immense potential in Footwear sector and can increase the production and export 10 times in near future, said Union Minister for Commerce and Industry Piyush Goyal, while virtually addressing ‘Meet at Agra-Leather, Footwear Components & Technology Fair’ today. Goyal said that about 7,000 small industries units are connected with Footwear sector ...

TBB BUREAU NEW DELHI, OCT 7, 2022 Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Piyush Goyal today said that India would accord top priority to national interest in FTA negotiations. FTAs to be entered into after thorough consultation with all stakeholders including industry and the government will not diverge from this approach for ...

TBB BUREAU NEW DELHI, OCT 7, 2022 The Union government on Friday invited bids from investors for privatising IDBI Bank by selling a total of 60.72 per cent stake in the bank.         The last date for submission of bids or Expression of Interest (EoI) is December 16.         Currently, Life Insurance Corporation (LIC) holds 529.41 crore shares representing ...

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has notified the establishment of the Credit Guarantee Scheme for Startups (CGSS) for providing credit guarantees to loans extended by Scheduled Commercial Banks, Non-Banking Financial Companies and Securities and Exchange Board of India (SEBI) registered Alternative Investment Funds (AIFs). CGSS is aimed at providing credit ...

TBB BUREAU MUMBAI, OCT 6, 2022 Billionaire Isha Ambani, who recently took charge of the retail business of Reliance Group, on Thursday announced India’s first-of-its-kind space in Mumbai that will be focused on arts, culture and fashion. According to an official statement issued by Reliance Industries Limited, the cultural centre was dedicated to Isha’s mother Nita Ambani, who is an ...

TBB BUREAU NEW DELHI, OCT 6, 2022 Beset with Sri Lanka’s economic crisis, Pakistan’s catastrophic floods, a global slowdown, and impacts of the war in Ukraine, South Asia faces an unprecedented combination of shocks on top of the lingering scars of the COVID-19 pandemic. Growth in the region is dampening, says the World Bank, underscoring the need for countries to ...

TBB BUREAU NEW DELHI, OCT 6, 2022 The Union Finance Ministry on Thursday released the seventh monthly instalment of post devolution revenue deficit (PDRD) grant of Rs 7,183.42 crore to 14 states. The grant has been released as per the recommendations of the 15th Finance Commission. The panel had recommended a total grant of Rs 86,201 crore to 14 states ...

TBB BUREAU MUMBAI, SEPT 30, 2022            The Reserve Bank of India (RBI) on Friday cut the economic growth projection for the current financial year to 7 per cent from 7.2 per cent estimated earlier on account of extended geopolitical tensions and aggressive monetary policy tightening globally.            The headwinds from extended geopolitical tensions, tightening global financial conditions and possible ...

TBB BUREAU NEW DELHI, SEPT 25, 2022 The India-UAE Comprehensive Economic Partnership Agreement (CEPA) which came into effect on the 1st of May 2022, is already creating a significant positive impact on India-UAE trade. Indian exports to the UAE, excluding petroleum productsgrew from US$ 5.17 billion during June-August 2021 to US$ 5.92 billion during June-August 2022, which denotes an increase ...