FM introduces insolvency law amendment bill in LS
Says changes aim to reduce delays New Delhi: The government on Tuesday introduced a bill in the Lok Sabha to amend the insolvency law, proposing an out-of-court mechanism to address genuine business failures, group and cross-border insolvency frameworks. Finance and Corporate Affairs Minister Nirmala Sitharaman introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, which […]
Sitharaman withdraws Income Tax Bill in Lok Sabha
New Bill to be introduced on Aug 11 New Delhi: Finance Minister Nirmala Sitharaman on Friday withdrew the Income Tax Bill, 2025, in the Lok Sabha, and the government will come out with an updated version of the legislation after incorporating changes suggested by the Select Committee. A new version of the Income Tax Bill […]
Losses on LPG: Cabinet approves Rs 30,000 Cr subsidy to compensate oil firms
New Delhi: The Union Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies — Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) — to compensate for losses incurred from selling LPG at below cost over the past 15 months. The compensation to oil marketing companies (OMCs) will be […]
Aadhaar OTP verification now mandatory for online Tatkal booking: Railways
Jammu: Railway authorities have officially mandated Aadhaar verification through OTP for online ticket bookings under the Tatkal system across the country, a senior railway official said on Wednesday. Senior Divisional Commercial Manager, Jammu Division, Northern Railway, Uchit Singhal announced that from July 15 onwards, Aadhaar OTP verification became mandatory for online Tatkal booking. Singhal emphasised […]
Piyush Goyal Addresses Traders’ Conclave – 2025 in Srinagar
“Vocal for Local is the pathway to Viksit Bharat,” says Piyush Goyal Srinagar: Union Minister of Commerce and Industry, Piyush Goyal, addressed the Traders’ Conclave – 2025, organised by the Federation of Trade and Industry of India (FTII) at SKICC Srinagar today. The conclave celebrated the vital contribution of traders, entrepreneurs, and business leaders in […]
India records USD 13.5 bn current account surplus in Q4FY25: RBI
Mumbai: India’s current account balance recorded a surplus of USD 13.5 billion (1.3 per cent of GDP) in January-March quarter of 2024-25 as compared with USD 4.6 billion (0.5 per cent of GDP) in the year-ago period, RBI said on Friday. The current account was in deficit of USD 11.3 billion (1.1 per cent of […]
Iran-Israel War: India ramps up oil imports from Russia, US in June
New Delhi: India has ramped up purchases of Russian oil in June, importing more than the combined volumes from Middle Eastern suppliers such as Saudi Arabia and Iraq, amid market volatility triggered by Israel’s dramatic attack on Iran. The US military struck three sites in Iran early Sunday, directly joining Israel which first struck Iranian […]
India has oil supplies to last several weeks, continues to receive energy from several routes: Puri
New Delhi: India, the world’s third-largest oil importer and fourth-biggest gas buyer, has enough energy supplies to meet requirements for several weeks and continues to receive supplies from several routes, Oil Minister Hardeep Singh Puri said amid escalating tensions in the globe’s biggest energy supply regions. In a post on X, the minister said the […]
16th JK UTLBC Meet- Banks must extend appropriate credit support to key sectors for economic wellbeing of J&K: Chief Secretary Atal Dulloo
Srinagar: Banking sector needs to provide appropriate credit support to appropriate sectors at appropriate rate of interest for the economic wellbeing of J&K. We need to extend optimum credit support to people associated with agriculture, handicrafts, MSMEs, tourism etc. and we need to improve the CD Ratio of J&K. The credit-linkage of self-help groups also […]
Khyber Cement clinches top honours for excellence in sustainable mining, environmental responsibility
Srinagar: Khyber Cement has been recognised with a series of prestigious accolades during the 34th Mines and Mineral Conservation Week, organised by the Indian Bureau of Mines for the Dehradun Region. The awards reaffirm Khyber Cement’s position as a frontrunner in responsible mining and industrial leadership. The company secured four awards: first prize for Mineral […]
