Prime Minister Narendra Modi
The 69 km-long Motihari-Amlekhgunj oil pipeline was inaugurated by the two leaders via a video link from their respective capitals.
India, Nepal inaugurate cross-border oil pipeline
11 Sep 2019 1:44 AM

69-km line to ensure fuel supplies to Nepal at lower cost.

The country’s top six automakers reported a 29 per cent decline in August sales. A 45 per cent slump in commercial vehicle sales by Tata Motors Ltd., the No. 1 truck maker, added to the gloom. With GDP growth facing its longest slump since 2012, India is in a quasi-recession, Teresa John, an Economist at Nirmal Bang Equities said in a report this week.
Keep your eye on the road, India investor
10 Sep 2019 1:38 AM

New money may be dissuaded by low initial yields plus the risk that the rupee could fall more.

Increased ethanol blending in petrol is expected to replace 2 million tonnes of oil annually, helping save $1 billion in import bill.
Government hikes ethanol price to cut oil import bill by $1billion
04 Sep 2019 1:49 AM

Ethanol is a by-product of molasses generated on crushing of sugarcane.

Prime Minister Narendra Modi's government late Friday surprised analysts by announcing a series of mergers that will create four new lenders that will hold business worth Rs 55.8 trillion ($781 billion), or about 56 per cent of the banking industry.
Mega banks may lose out to rivals
04 Sep 2019 1:48 AM

Mergers will reduce the number of state-owned banks to 12 from 27.

The Rs 982 billion ($13.7 billion) collected in August via the goods and services tax, the main tax on consumption, was the smallest in six months.
Bank mergers are no silver bullet for India
04 Sep 2019 1:48 AM

The announcement on Friday of 5 per cent GDP growth in the June quarter showed the economy growing at its weakest pace in six years.

The decision is a reversal from Modi’s first term, when his administration was praised for its breakneck speed of highway construction that helped India to be one of the fastest-growing economies in the world.
Back to BOT projects: PMO tells NHAI to stop building highways
31 Aug 2019 1:54 AM

Road infrastructure has become financially unviable.

The ban on the first six items of single-use plastics will clip 5 per cent to 10 per cent from India’s annual consumption of about 14 million tonnes of plastic, the first official said.
Nationwide ban on six plastic products on October 2
29 Aug 2019 1:12 AM

PM Narendra Modi, who is leading efforts to scrap such plastics by 2022, is set to launch the campaign with a ban on six items.

Govt had set a subsidy of `4,500 crore for the current marketing year ending September for exporting 5 million tonnes.
Sugar subsidy, export target pegged higher
29 Aug 2019 1:07 AM

Govt eyes 6 mt exports with Rs 6,268-crore subsidy.

Leading two- and three-wheeler makers had opposed the proposal, stating that the transition was totally uncalled for which would hurt the industry and trigger job loss.
No deadline for EV transition
22 Aug 2019 1:22 AM

The Niti Aayog has suggested transition to full electric vehicles for three-wheelers by 2023.

Prime Minister Narendra Modi addressing the nation on Independence Day.
Tourism players say time to walk the talk
16 Aug 2019 2:03 AM

According to the UN World Tourism Organisation's predictions, 50 million Indians will travel overseas in 2019, up from 23 million in 2017.


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