PTI Tata Motors on Monday said it has commissioned two R&D facilities in Pune for the development of hydrogen propulsion technologies. The unveiling comprises an engine test cell for the development of hydrogen internal combustion engine and necessary infrastructure for storage and dispensing of hydrogen fuel for the fuel cell and hydrogen to internal combustion engine (H2ICE) vehicles, the auto major said in a statement. The facilities are yet another step forward for the company towards carbon neutrality, while tapping the strong potential of hydrogen as a clean energy source, it added.
Author: Amit Bhanot
PTI The Railway Board has revised the dearness allowance for its employees from 42 per cent to 46 per cent of the basic pay effective from July 1, 2023. The Board circulated a written communication dated October 23, 2023, to the General Managers and Chief Administrative Officers of All India Railways and Production Units stating, “…the President is pleased to decide that the Dearness Allowance payable to Railway Employees shall be enhanced from the existing rate of 42% to 46% of the Basic Pay with effect from 1st July, 2023.” It defined the ‘Basic Pay’ as the pay drawn as…
PTI India will remain the fastest-growing major economy in the world in 2023-24 fiscal on the back of strong domestic fundamentals and benign inflation expectations, a finance ministry report said on Monday. The September edition of the Monthly Economic Review also flagged that global uncertainties have been compounded by recent developments in the Persian Gulf and depending on how the situation develops, crude oil prices may push higher. Further, the relentless supply of US Treasuries and continued restrictive monetary policy in the US (with further monetary policy tightening not ruled out) could cause financial conditions to be restrictive.
PTI Newly-appointed envoy of European Union Herve Delphin on Monday said making the EU-India strategic partnership a defining force for the world of today and tomorrow will be his key focus. Delphin said the EU’s partnership with India is one of the most significant relationships developed by the grouping on the global stage. The EU ambassador to India made the remarks after presenting his credentials to President Droupadi Murmu at an official ceremony at the Rashtrapati Bhavan.
FE To harness agricultural products exports potential through the newly-established National Cooperative for Exports Limited (NCEL), more than 1,000 members of cooperatives will be participating in a national symposium on Monday. In the meet, cooperation minister Amit Shah will launch the logo, website and brochure of NCEL and distribute the membership certificates, according to an official statement. NCEL is jointly promoted by four leading cooperatives – Gujarat Cooperative Milk Marketing Federation (Amul), Indian Farmers’ Fertiliser Cooperative (Iffco), Krishak Bharti Cooperative (Kribhco), National Agricultural Cooperative Marketing Federation of India (Nafed) and National Cooperative Development Corporation (NCDC). NCEL, which focuses on exports of agriculture and allied activities as well as…
FE The country’s first silos for storing rice built under a private-public-partnership (PPP) model with the Food Corporation of India (FCI) will be commissioned next month.Two rice silos with combined capacity of 25,000 tonne have been built by the National Commodity Management Services Ltd (NCML) at Buxar and Kaimur in Bihar under the design-build-finance-operate-transfer model (DBFOT), according to a food ministry official.This is part of the government’s pilot project to set up steel silos for rice to prevent cereal wastage during storage. Officials said that technology for silos to store rice is still being developed, as at these facilities, the…
Money Control Oil prices eased on Monday as aid convoys started to arrive in the Gaza Strip over the weekend amid diplomatic efforts to contain a conflict between Israel and the Palestinian Islamist group Hamas from spreading to the wider oil-rich region. Brent crude futures fell 77 cents to $91.39 a barrel, which is a fall of 0.81%, as of 8:20 am IST. For the past week, contracts rose more than 1% for a second consecutive weekly jump, on fear of potential supply disruption if the Israel-Hamas war grows into a wider confrontation in the Middle East, the world’s biggest oil-supplying…
AU पंचकेदार में तृतीय तुंगनाथ की यात्रा ने नया कीर्तिमान बनाया है। पहली बार दर्शनार्थियों की संख्या एक लाख के पार पहुंच गई है। बाबा के भक्तों के उमड़ने से यात्राकाल में मस्तूरा से तुंंगनाथ तक कारोबार को भी नई गति मिली है। 26 अप्रैल से शुरू हुई तृतीय केदार की यात्रा को नया आयाम मिल रहा है। इस वर्ष प्रतिदिन औसतन 500 श्रद्धालु प्रतिदिन पहुंच रहे हैं। रविवार को शारदीय नवरात्र की अष्टमी को सुबह से मंदिर में भक्तों की भीड़ जुटी रही। दोपहर 12 बजे तक तीन हजार श्रद्धालुओं के दर्शन करते ही तृतीय केदार तुंगनाथ में इस…
Money Control Capital markets regulator Sebi has barred an individual from the securities markets for a period of five years as well as slapped a fine of Rs 30 lakh for flouting regulatory norms. Besides, the regulator restrained Mohit Manghnani (proprietor of Wealthit Global) from associating himself as a director or key managerial personnel with any listed public company or any Sebi-registered intermediary for a period of five years. Sebi also directed Manghnani to resolve all complaints received through the regulator’s SCORES portal within a period of three months. The order came after the markets watchdog had passed an ex…
The Indian Express RBI’s Monetary Policy Committee member Jayanth R Varma is of the view that there is a need to be more patient when it comes to gliding inflation to the 4 per cent target, and this is the price to pay for avoiding a growth shock. With retail inflation at 5 per cent now and an environment of greater economic stability, how fast should the Reserve Bank of India go in reining in inflation? There are differences of opinion in the Monetary Policy Committee of the central bank. “I have been saying for quite some time now that while there is great urgency…