Govt’s plan to tackle edible oil price rise: Push for domestic rice bran oil production
India is witnessing record-high inflation in edible oil prices. Food Secretary says country can produce up to 18-19 lakh tonnes of rice bran oil, up from current 11 LT.
RBI laser-focused on bringing inflation back to 4% without disruption, says Governor Das
Retail inflation, which was above 6 per cent during May and June, has started moving down and stood at 4.35 per cent in September.
NTPC invites bids for importing coal for first time in two years
The fuel will mainly be used at power plants located far from domestic mines, which are most vulnerable to disruptions. India has been grappling with shortages of coal since August.
Paytm could skip pre-IPO share sale on valuation differences
Paytm had been seeking a valuation of above $20 billion based on initial investor feedback, while advisers on the deal recommended a lower pricing.
Income tax refunds worth Rs 92,961 crore issued to 63.23 lakh taxpayers in 2021-22
The figure includes income tax refunds of Rs 23,026 crore in 61,53,231 cases and corporate tax refunds of Rs 69,934 crore in 1,69,355 cases, an official Twitter post said.
Pushed by ‘Covid growth drivers’, India on course to be $5 tn economy by 2024-25, says Puri
Union minister Hardeep Singh Puri was addressing a session on reviving the economy at the 8th national forum hosted by Public Affairs Forum of India, a not-for-profit society.
Bitcoin rallies above $66,000 to fresh all-time high in Crypto’s ‘validating moment’
Bitcoin has climbed to its latest high atop a tide of pandemic-era liquidity, speculative bets and expectations of wider adoption by institutional investors.
Decision on Air India will boost aviation sector: Modi on Kushinagar airport inauguration
PM Narendra Modi's comments come weeks after Tata group emerged as the winning bidder for Air India paving the way for disinvestment of the loss-making carrier.
‘Where’s Atmanirbhar package?’ — Telangana MSMEs struggle to pay wages, rent for 1-room business
Increasing raw material prices, plummeting demand, delayed payments and high labour charges are posing several hurdles to MSMEs in Telangana.
‘Haven’t seen this kind of inflation for many years’ — HUL warns of challenges after profit jump
Hindustan Unilever indicated that inflationary pressures were likely to persist, spooking investors. Its shares slipped 4% at the close of trading — the most since early May.
YourTurn
If Hong Kong wants zero Covid strategy to succeed, it must improve its quarantine rules
It’s increasingly difficult to find a clear, logical justification for policies, which at this point are defensive and rooted in fear. The govt must improve its quarantine system.
How Subhash Chandra is fighting to keep control of his media empire
The 70-year-old tycoon risks losing control just as Zee’s prospects are looking up. The media mogul is looking for ways to raise his family’s shareholding.
Defence
As tensions with China continue, beefed-up Mountain Strike Corps reaches Arunachal for exercise
The exercise will see use of various IAF assets and integrated operations with a focus on springing offensive capabilities in short period of time.
Aryan Khan isn’t a show to enjoy. NDPS is a weapon vengeful state could use on you or your kids
The draconian Narcotic Drugs and Psychotropic Substances Act has been handed over to people who are prone to misuse it. The story we see unfolding on our TV screens is of its blatant misuse.