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Cabinet approves Rs 76,000 crore PLI scheme for semiconductors

December 15, 2021 4:14:20 pm

PLI scheme for semiconductor: I&B Minister Anurag Thakur said that this scheme will promote the manufacturing of semiconductor and display board in the country.

WPI inflation at double-digit level for 8th straight month

December 15, 2021 5:20:41 am

India's WPI Inflation November 2021: This is the highest level of wholesale inflation in the 2011-12 series and eighth consecutive month in which it has stayed at a double-digit level.

41,177 posts vacant at state-run banks: FM

December 14, 2021 4:26:54 am

There are over 8,05,986 sanctioned positions at public sector banks (PSBs). Among the banks, State Bank of India (SBI) had the maximum number of vacant posts at 8,544, as per official data.

For the week ended December 12: ‘Urban jobless rate at double-digit level’

December 14, 2021 3:35:40 am

Urban unemployment rate spiked to double-digit rate for the first time in 17 weeks, to reach 10.09 per cent for the week-ended December 12, pushing the country’s overall joblessness rate to a nine-week high of 8.53 per cent, according to the Centre for Monitoring Indian Economy (CMIE).

Pollution norms nod: HMD Healthcare restarts syringe output

December 14, 2021 3:21:27 am

The company’s units, along with 228 other factories in Faridabad, were issued a voluntary closure notice citing breach of pollution control norms.

UAE early harvest deal next month, says Goyal

December 14, 2021 3:14:15 am

The deal is expected to liberalise tariffs on the trade of certain goods between the two countries before a comprehensive free trade agreement (FTA) is concluded later in 2022.

LIC launches new plan, Dhan Rekha

December 14, 2021 3:08:34 am

It said the plan provides a percentage of the basic sum assured as survival benefit at regular intervals starting from end of premium paying term provided policy is in force.

November inflation rises to 4.91% despite cut in levies on fuel

December 14, 2021 1:03:11 am

The inflation print for November is lower than 6.93 per cent in November 2020 and within the 4+/-2 per cent target range of the Reserve Bank of India (RBI).

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Committed to achieve universalisation of social security: Bhupender Yadav

December 12, 2021 4:00:53 am

Labour Minister Bhupender Yadav's comments came at a tripartite conference organised by the International Labour Organization (ILO) in collaboration with the Ministry of Labour & Employment on Friday.

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Three names in the fray for next Chief Economic Adviser

December 12, 2021 12:22:19 pm

Two women candidates — Pami Dua, Professor, Delhi School of Economics, and Poonam Gupta, Director General, National Council of Applied Economic Research (NCAER) — along with Principal Economic Adviser Sanjeev Sanyal have been shortlisted by the government for the position, sources said.

Cabinet relaxes working capital norm for discoms to get loan under Rs 90k cr liquidity plan

High efficiency, low losses: Under UDAY, pvt discoms improved over state utilities

December 12, 2021 4:00:30 am

The Centre had launched UDAY in FY16 to improve the financial stability and operational performance of discoms, which have traditionally been the weak link in India’s power sector.

Growth to gain further traction in remaining quarters: Finance Ministry

December 12, 2021 4:00:16 am

The strong recovery is evident from 19 of 22 high-frequency indicators in September, October and November, as they crossed the pre-Covid (the corresponding months of FY20) levels, the ministry said in its Monthly Economic Review for November.

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Rupee drops to 75.78 against USD on FPI outflow, carry trade unwinding

December 11, 2021 3:01:28 am

🔴 The currency pared some of the losses in the closing session to end at 75.78, its lowest closing level since June 22, 2020. The domestic currency lost 66 paise or 0.88 per cent against the dollar during the week.

IIP October 2021: India’s industrial output rises 3.2% in October, Govt data shows

December 11, 2021 1:07:10 am

🔴 IIP India Growth Rate Data October 2021: The industrial growth so far in the fiscal year 2021-22 (April-October) has grown 20.0 per cent, compared to a contraction of (-)17.3 per cent in the corresponding period year ago, the data from Ministry of Statistics & Programme Implementation (MoSPI) showed.

Delhivery foray into drone space

December 10, 2021 3:27:51 am

The announcement has come at a time when India is taking steps towards allowing delivery of goods through drones Transition Robotics Inc (TRI) has focused on taking novel vertical-takeoff UAS with advanced flight capabilities to market

Ban on scheduled international passenger flights extended till Jan 31

December 10, 2021 3:26:23 am

With the extension on the suspension, international flights will continue to operate under the air-bubble arrangement.

CII: Treat cryptos as special class securities

December 10, 2021 3:25:22 am

Centralised exchanges and custody providers that may be established in India, must be required to register with Sebi and to adhere to KYC and AML compliance requirements that apply to financial markets intermediaries, it said.

Consumer confidence up; low perception on jobs, economy

December 10, 2021 7:05:31 am

Households were more confident for the year ahead, which was reflected in the continued upward trajectory of the future expectations index (FEI), buoyed by higher optimism for household income and employment scenario.

Mid-air snag: SpiceJet 737 MAX returns to Mumbai

December 10, 2021 3:17:15 am

The flight departed Mumbai just before 7pm and flew for about 20 minutes before the snag developed, upon which the crew of the flight decided to land back at Mumbai.

How new office may help Meta widen presence, rebuild image

December 10, 2021 3:15:29 am

Meta Platforms Inc on Wednesday inaugurated its new office in Gurgaon, with the company saying it was the first standalone office in Asia and will house teams of the three apps under the Meta umbrella — Facebook, Instagram and WhatsApp. Where is the office and what does it contain? Located in Gurgaon, the office is […]

Demand management: New Feb-Jun coal stock norms for power units

December 9, 2021 4:45:26 am

Many states including Punjab, Rajasthan and Uttar Pradesh were forced to impose load shedding in October as some thermal power plants ran out of coal leading to inadequate power supply.

‘Digital currency: Cyber security, frauds concerns’

December 9, 2021 4:35:04 am

The Reserve Bank of India on Wednesday said cyber security and digital frauds are its main concerns when considering the introduction of a central bank digital currency (CBDC). “Our main concern comes from cyber security and possibility of digital frauds. So, we have to be very careful about that. Just as few years ago, we […]

Sensex jumps 1.7% on RBI stance, global sentiments

December 9, 2021 4:30:42 am

With fears over Omicron variant slowly receding, the BSE Sensex shot up by 1,016 points, or 1.76 per cent, to 58,649.68 and the NSE Nifty jumped 293 points at 17,469.75.

UPI-based products for feature phones soon

December 9, 2021 8:06:25 am

This is being done as part of steps to further deepen digital payments and make them more inclusive, ease transactions for consumers, facilitate greater participation of retail customers in various segments of financial markets and enhance the capacity of service providers, the RBI said.