Category: Business & Economics

The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers (Base: 1986-87=100) for the month of May, 2023 increased by 6 & 5 points to stand at 1186 (One thousand one hundred and eighty six) and 1197 (One thousand one hundred and ninety seven) points respectively. The major contribution towards the rise in general index of Agricultural Labourers and Rural Labourers came from food group to the extent of 5.29 & 4.72 points respectively mainly due to increase in prices of rice, pulses, milk, meat goat, chillies dry,…

NTPC Barauni has achieved a significant milestone by securing the first rank in the Best Industry Category at the 4th National Water Awards. The recognition given by the Ministry of Jal Shakti, Government of India highlights NTPC’s unwavering commitment and exceptional efforts in the conservation and management of water resources. NTPC’s pursuit of sustainable practices and dedication to environmental stewardship have played a crucial role in the achievement of this remarkable feat. The company has implemented a series of innovative initiatives to conserve and manage water resources effectively. NTPC’s efforts have…

NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly owned subsidiary of NTPC, has commissioned its first Rooftop Solar Photovoltaic Project at IIT Jodhpur, Rajasthan on June 14, 2023. The one MW Grid-connected Solar Project has been implemented by NVVN under the RESCO model, with Power Purchase Agreement duration of 25 years. Under the RESCO model for implementing rooftop solar installation, a renewable energy service company (“RESCO”), (i.e., an energy service company that provides energy to consumers from renewable energy sources), designs, builds, funds and operates the entire solar power plant (roof or ground-mounted),…

The annual rate of inflation based on all India Wholesale Price Index (WPI) number is (-) 3.48% (Provisional) for the month of May, 2023 (over May, 2022) against (-) 0.92% recorded in April, 2023. Decline in the rate of inflation in May, 2023 is primarily contributed by fall in prices of mineral oils, basic metals, food products, textiles, non-food articles, crude petroleum & natural gas, and chemical & chemical products. The index numbers and inflation rate for the last three months of all commodities and WPI components are given below:…

The Prime Minister, Shri Narendra Modi has shared articles, graphics, videos and information about various reforms which have not only improved ‘Ease of Doing Business’ but also encouraged a spirit of enterprise among the youth. The Prime Minister tweeted : “The last 9 years witnessed futuristic reforms which have not only improved ‘Ease of Doing Business’ but also encouraged a spirit of enterprise among our youth. We will keep working in this direction to boost growth and innovation. #9YearsOfEaseOfBusiness”

The Bombay High Court on Tuesday, while hearing pleas by Punjab National Bank (PNB) and (ED) seeking claims over attached properties of fugitive diamond merchant Nirav Modi worth over Rs. 500 crores said that huge amounts are involved in the matter, which is ultimately public money while no steps are being taken by the bank. “Huge amount of money involved, and no steps taken by the bank. After all, this is public money. What happens when a common man has to seek a loan?” the bench remarked. The PNB responded…

Shares of leading tyre maker MRF Ltd grew over 1 per cent to hit its all-time high and became the first Indian stock to cross ₹ 1 lakh per share mark on Tuesday. The stock opened higher and rose further by 1.48 per cent to hit its 52-week high of ₹ 1,00,439.95 apiece on National Stock Exchange. The stock hit a record high of ₹ 1,00,300 per share on BSE. MRF shares have rallied more than 46 per cent in the past year to hit their lifetime high levels on…

Prime Minister Shri Narendra Modi will distribute about 70,000 appointment letters to newly inducted recruits on 13th June, 2023 at 10:30 AM via video conferencing. Prime Minister will also address these appointees on the occasion. The Rozgar Mela will be held at 43 locations across the country. The recruitments are taking place across Central Government Departments as well as State Governments/UTs supporting this initiative. The new recruits, selected from across the country will be joining the Government in various Departments including Department of Financial Services, Department of Posts, Department of…

Government e-Marketplace (GeM), India’s premier online procurement platform, is organizing Buyer-Seller Workshops in all the 75 districts of Uttar Pradesh from tomorrow till 31st August, 2023. These workshops aim to enhance the understanding of GeM’s functionalities among buyers and sellers in the state, as well as provide a platform to address any queries or concerns they may have. The Buyer-Seller Workshops are a significant step towards ensuring accessibility and participation from every corner of the state. GeM believes in empowering buyers and sellers in the remotest districts of Uttar Pradesh…

Protests against plans for the Gevra site in the eastern province of Chhattisgarh threaten to complicate the company’s ability to win approvals to expand annual capacity to 70 million tons. Output at that volume would see the site become the single biggest global source of fossil fuel, according to Coal India. Coal India Ltd. is holding talks with residents opposed to a mine expansion that would create one of the world’s largest operations producing the fuel. Rising power demand has pushed India to prioritize energy security and boost the output…