PTI French President Emmanuel Macron is set to be the chief guest at the Republic Day celebrations on January 26, people familiar with the development said on Friday. India had invited US President Joe Biden to grace the occasion but he expressed inability to travel to New Delhi in January. French President Macron has been invited as the Republic Day chief guest, the people cited above said. PTI MPB .
Author: Amit Bhanot
PTI India on Friday recorded 640 fresh COVID-19 infections while the number of active cases climbed to 2,997 from 2,669 the day before, according to Union health ministry data. The country’s COVID-19 tally now stands at 4.50 crore (4,50,07,212). The death toll climbed to 5,33,328 with one more fatality reported from Kerala, the data updated at 8 am stated. The number of people who have recuperated from the disease has increased to 4,44,70,887. The national recovery rate stands at 98.81 per cent, according to the health ministry’s website. The case fatality rate stands at 1.19 per cent. According to the ministry’s website,…
FE After having acquired payment aggregator licences from the Reserve Bank of India (RBI), major players are now focusing on increasing merchants on their platforms by offering a range of products and services. “We will definitely be launching some special offers for new merchants who come on the platform,” said Harshil Mathur, chief executive officer and co-founder, RazorPay. Whatsapp payments to businesses and omnichannel payment acceptance are key focus areas for the company, he added. Earlier this week, the RBI granted its final approval to several entities, allowing them to onboard new merchants. RBI’s move put an end to a…
FE Despite the dent from curbs in exports of rice and other farm produce, India’s agriculture exports this financial year are expected to reach the last year levels of $53 billion, a senior official said Thursday “We expect that we would reach that level in spite of $ 4.5 billion-USD 5 billion impact due to the restrictions,” Additional Secretary in the commerce ministry Rajesh Agrawal told reporters here on Thursday. The government this year banned exports of non-basmati rice and put curbs on sugar and onion exports. Last year India exported $ 11.14 billion of rice. In April-November rice exports declined 7.65 per…
HT Union home minister Amit Shah will be in the city on Friday to inaugurate 12 projects. Shah, who will arrive around 4 pm, and will be in the city for nearly four hours during which he will inaugurate projects worth ₹332 crore. The projects to be inaugurated include an extension of the Himalaya Boys hostel in Punjab Engineering College (PEC), Sector 12, sewage treatment plant at Diggian, augmentation of the existing STP Plant at Raipur Kalan, augmentation of the existing STP plant at Raipur Khurd, extension of workshop block in Central Polytechnic (diploma wing) in CCET, engineering department in Sector 26,…
PTI State-owned RINL has signed an agreement with Jindal Steel and Power Ltd (JSPL) for working capital support and raw material supply of up to Rs 900 crore. RINL Chairman and Managing Director Atul Bhatt in a meeting with representatives of various trade unions informed the company has entered into a memorandum of understanding (MoU) with JSPL for ensuring the needed working capital support or raw material requirement to start its third blast furnace (BF-3). The blast furnace BF-3 has been closed since January 2021. The re-start of the BF-3 is planned for December 30, 2023 at a capacity of…
PTI Finance Minister Nirmala Sitharaman on Thursday said Central Public Sector Enterprises (CPSEs) have made 34.63 per cent of their total procurement from MSMEs in 2023-24 (till November) as against the mandated 25 per cent. She said this during a meeting of the Consultative Committee attached to the Ministry of Finance on ‘Performance of Public Enterprises’. “Another highlight during the meeting was the exponential growth in Government e-Marketplace @GeM_India procurement by #CPSEs from Rs. 7,035 crore in 2020-21 to Rs. 133,720 crore in 2023-24 (upto November 2023),” the finance ministry said in a post on X. Under the public procurement…
Pradhanmantri Sangrahalaya was inaugurated by the Prime Minister on 14th April, 2022. It recognizes the contribution of all the Prime Ministers of India and shows how our democracy has provided an opportunity for leaders from every class and tier of society to contribute to nation building. It is a new digital museum spread over two buildings. Building 1 comprises the old Teen Murti building, gallery of Shri Jawaharlal Nehru, Constitution galleries, Toshakhana and the private wing of Shri Jawaharlal Nehru. Building 2 showcases the personal life along with the social, political and economic reforms of the succeeding Prime Ministers from Shri…
MC UPI-based transactions touched a total value of Rs 17.4 lakh crore in December 2023, according to the monthly bulletin of the Reserve Bank of India. The RBI Bulletin is a monthly publication that offers insights into the developments in domestic and global economies but doesn’t represent the views of the central bank. “Merchant transactions on the UPI platform, however, recorded a 74 percent jump (YoY), totalling over 6.5 billion transactions,” said the RBI bulletin. The December 2023 RBI bulletin added that digital transactions posted robust growth in November 2023 across major payment systems. “E-commerce order volumes surged by 37…
FE India’s gross domestic product (GDP) will likely grow 6% in real terms in FY25, according to the “state of economy” report released by the Reserve Bank of India on Wednesday. The latest projection is lower than 6.5% forecast in the October Monetary Policy Committee report, and comes after the upward revision of the likely growth rate for FY24 from 6.5% to 7%. After the latest review, GDP growth in FY24 is seen at 7.1%. Further, Consumer Price Index inflation could average at 5.3% in FY24, and moderate to 4.8% in FY25, the report said, adding that both favourable demand…