MARRAKECH: Chief economic adviser V Anantha Nageswaran does not see an immediate economic impact of the war in West Asia but suggests that there is a need to watch how things play out in the coming days."Market participants are unsure that is why you see the volatility. It is a bit early for us to talk about the impact on the Indian economy with great deal of specificity.At the moment, we do not see it...
Indian Railways unveils new AC 1st coach design: Imagine a compact cubicle for two people in the AC 1st class coach of Indian Railways - and one that possibly offers comforts on par with the business class of an aircraft. The Rail Coach Factory (RCF), Kapurthala has recently unveiled a new concept design for AC 1st coaches, with an “interiors on demand” vision. The concept design with panoramic...
NEW DELHI: Indian visitors to San Francisco are among the first to return to pre-Covid levels as Air India’s nonstops launched to the Golden Gate city in 2015 have given a massive push to desi footfalls there. The San Francisco International Airport (SFO) currently gets 17 Air India nonstops from India weekly, next to New York’s 21. Had United not suspended its 14 weekly flights to SFO, the airport...
Indian Railways is looking to roll out a new train for the common man - and one that will run on the push-pull locomotive system. Railway Minister Ashwini Vaishnaw today took to his Whatsapp channel to share an image preview of the push-pull locomotives that are being made for the new train by Chittaranjan Locomotive Works (CLW).The Integral Coach Factory (ICF) in Chennai is manufacturing a new upgraded...
Indian equity indices continued their upward trajectory for the second consecutive day, mirroring global market trends. Easing concerns about US interest rates, driven by dovish statements from key Federal Reserve officials, and stable oil prices, contributed to this positive momentum. Buying activity spanned across all sectors, according to an ET report.The BSE Sensex surged by 500 points, reaching...
NITI Aayog is working on a comprehensive policy to maximize the benefits of bamboo, often referred to as 'green gold', due to its potential in sectors such as biofuel. The aim is to encourage and support the entire bamboo value chain, from cultivation to production and development, as this tree-like grass gains popularity in infrastructure and biofuel industries. According to a senior government...
MUMBAI: The RBI is concerned about the strong growth in some personal loans and is watching out for any stress in that segment, asking banks, NBFCs and fintechs to strengthen their surveillance mechanisms."Certain components of personal loans are recording very high growth... These are being closely monitored by RBI for any signs of incipient stress," RBI governor Shaktikanta Das said on Friday. He...
NEW DELHI: Goods and services tax (GST) collections rose 10.2% to Rs 1,62,712 crore in September, driven by a 14% growth in domestic transactions. The finance ministry as well as tax experts expect the collections to get a boost during October and November as the festival season kicks in. Besides, tighter regulation and the inclusion of online gaming and casinos in the GST net are expected to help swell...
NEW DELHI: The government on Friday turned down demands of onion traders from Nasik to scrap 40% export duty and stop two government cooperatives — NCCF and Nafed — from selling onions at mandis. The government also asked the traders to immediately call off their strike.However, the government told the traders that their demand will be taken up at an inter-ministerial committee for...
Vande Bharat sleeper trains project on track: In a significant development, the Indian Railways has signed a supply contract with Kinet Railway Solutions, a joint venture between Metrowagonmash (MWM) and Locomotive Electronic Systems (LES) from Russia, along with India's Rail Vikas Nigam Limited (RVNL), for the production of Vande Bharat trains.Under this agreement, Kinet Railway Solutions will both...
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