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 ...

TBB BUREAU NEW DELHI, SEPT 25, 2022 The better digital future can only be built on pervasive digital infrastructure, developing digital platforms for delivery of government services to every citizen and ensuring access to digital services to all, said Union Minister of State for Communications Devusinh Chauhan, while addressing the Ministerial Roundtable, which is part of Plenipotentiary Conference 2022 of ...

TBB BUREAU AGRA, SEPT 23, 2022 The recent announcement by the Government of India on increasing the domestic production of palm oil towards ensuring atmanirbharta (self-reliance) is a great opportunity for the country to demonstrate the economic and social value of sustainable palm oil production, said Joseph D’Cruz, CEO, Roundtable on Sustainable Palm Oil (RSPO) in his virtual keynote address ...

TBB BUREAU NEW DELHI, SEPT 22, 2022 REC has been accorded with the status of a ‘Maharatna’ Central Public Sector Enterprise, thus getting greater operational and financial autonomy. An order to this effect was issued yesterday by the Department of Public Enterprises, under the Ministry of Finance. Incorporated in 1969, REC is an NBFC focusing on Power Sector Financing and ...

TBB BUREAU NEW DELHI, SEPT 21, 2022 The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the National Logistics Policy. The Policy lays down an overarching interdisciplinary, cross-sectoral, multi-jurisdictional and comprehensive policy framework for the logistics sector. The policy complements the PM GatiShakti National Master Plan. While PM GatiShakti National Master Plan is aimed at integrated infrastructure development, ...

TBB BUREAU NEW DELHI, SEPT 21, 2021 Keeping in view the growing demand for semiconductors across the globe, the Union Cabinet on Wednesday approved certain modifications in the production-linked incentive (PLI) scheme for its manufacturing. Under the modified programme, a uniform fiscal support of 50 per cent of project cost shall be provided across all technology nodes for setting up ...

TBB BUREAU NEW DELHI, SEPT 21, 2021 The Cabinet, chaired by Prime Minister Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal for implementation of the Production Linked Incentive Scheme (Tranche II) on ‘National programme on High Efficiency Solar PV Modules’, with an outlay of Rs.19,500 crore for achieving manufacturing capacity of Giga Watt (GW) scale in ...

TBB BUREAU NEW DELHI, SEPT 21, 2022 Flag Foundation of India (FFoI) is remembering the historic day of 22nd September 1995 as a milestone day in the struggle to democratize the Indian Tricolour, our beloved Tiranga. On this day in 1995, present FFoI President, Naveen Jindal filed a writ petition in Delhi High Court seeking to amend the Flag code ...