Centre eases onion procurement norms; farmers skeptical
The Centre relaxes onion procurement norms for Nafed and NCCF, but Nashik farmers remain skeptical about implementation and pricing, demanding transparent APMC-based procurement.
Category : Economy
Mumbai CM Bans New Orders for Delayed Contractors
Maharashtra CM Devendra Fadnavis announced that no new work orders will be given to contractors who delay projects. He emphasized timely completion within 3.5 years and reviewed key infrastructure projects.
SC Upholds Karnataka's Additional Royalty on Iron Ore
The Supreme Court upheld Karnataka's 5% additional royalty on iron ore, overturning the High Court's decision in favor of BMM Ispat Ltd.
KIIFB Obligations Rs 56,000 Crore: White Paper
Kerala's White Paper reveals KIIFB's borrowings, classified as state debt by CAG, leave the state with Rs 56,000 crore obligations, undermining its off-budget rationale.
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Trump's Economic War on Iran & India? New Tariffs Shock
Major Gaurav Arya breaks down Trump's economic offensive targeting Iran and India, including sanctions on Iran's crypto network, energy market battles, proposed tariffs, and high-stakes trade negotiations.
India to remain fastest-growing economy for over two decades
Union Minister Piyush Goyal said India will remain the world's fastest-growing economy for over two decades, citing strong investor confidence and citing examples of Hyundai and JCB success.
Gold Futures Rise Rs 926 on Global Uncertainty
Gold futures surged Rs 926 to Rs 1,59,445 per 10 grams on MCX as investors sought safe-haven assets amid global economic uncertainty.
Rupee trades in narrow range vs US dollar in early trade
The rupee traded in a narrow range against the US dollar in early trade on Thursday, as forex traders noted that the prolonged West Asia crisis poses a major risk for India due to its heavy reliance on energy imports.
Raipur Queens Club India Gets Major PPP Boost for Wellness Hub
Queens Club of India in Raipur gets major PPP push to become a world-class hospitality and wellness hub with indoor sports, gym, swimming pool, and premium residences.
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Goa Power Outage Caused by Grid Failure, Minister Says
A major power outage in North Goa, including hospitals and coastal areas, was caused by a central grid failure. Minister Dhavalikar cites equipment shortage and grid dependency.
Gujarat Cabinet OKs Services Commissionerate, Rs 100 Cr Fund
Gujarat cabinet approves a new services commissionerate and a Rs 100 crore growth fund to boost IT, tourism, and logistics, aiming for balanced economic growth.
RVUNL Achieves Record Thermal Power Output of 7,171 MW
Rajasthan Vidyut Utpadan Nigam Ltd (RVUNL) recorded its highest-ever thermal power generation of 7,171 MW on June 2, surpassing the previous peak of 6,833 MW from January 2025.
India Unveils Uniform Framework for District Economic Data
India's statistics ministry released a uniform framework for district-level economic output estimates with a new base year of 2022-23, aiming to improve data consistency and comparability across states and Union Territories.
India Services PMI Hits 6-Month High at 59.8 in May
India's services PMI rose to a six-month high of 59.8 in May, driven by robust domestic demand, signaling strong economic momentum.
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Residents Urge Action on Delayed Batlapalli Flyover
Locals near Hosur demand construction of a flyover at Batlapalli, awarded over a year ago, as a new bus stand threatens to worsen traffic congestion.
Cabinet Approves Rs 39,290 Crore Package for Key Sectors
The Union Cabinet approved a Rs 39,290 crore package for aviation fuel stabilisation, coastal highways, and transport modernisation, including a Rs 10,000 crore ATF fund and vehicle scrappage scheme.
Govt Caps ATF at Rs 75.60/L for Domestic Flights
The Union Cabinet capped ATF at Rs 75.60/litre for domestic operations and announced a Rs 10,000 crore price stabilization fund to support airlines amid the West Asia crisis.
RBI Rejects Reports of $12 Billion Gold Sale
RBI refutes claims it sold $12 billion in gold to support the rupee, clarifying that physical gold stock remains unchanged at 880.52 tonnes. PIB also labels the Bloomberg report as fake.
CKGSB Opens First Permanent Campus in Beijing
Cheung Kong Graduate School of Business opens its first permanent Beijing campus, bridging China's past and future. The 30,000 sqm facility hosts 275 new EMBA students.
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Indian markets open lower amid FII outflows, geopolitical concerns
Indian equity benchmarks opened lower on Wednesday, with Sensex and Nifty falling amid continued FII outflows and geopolitical tensions in West Asia. IT stocks were the worst performers.
Frequent Power Cuts Plague Newer Sectors of Noida
Residents in newer sectors of Noida face frequent power cuts due to aging infrastructure and delayed budget disbursals, affecting daily life and summer comfort.
RBI may have sold gold to shore up forex reserves
A report suggests the RBI sold gold in recent months to bolster forex reserves amid pressure on the rupee and rising import costs. The move indicates strategic reserve management.
PNG Connection Delays Due to Approval Issues in Dharwad
IOAGPL's Dharwad asset head cites delays in PNG connections due to slow permissions for land digging and road cutting. Talks with district administration planned to expedite approvals.
India to Phase Out WPI, Adopt Producer Price Index
India will introduce a Producer Price Index (PPI) on June 15, 2025, with a 2022-23 base, phasing out the Wholesale Price Index (WPI) over five years to better track factory gate inflation.
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Excavator Operator Dies in Tenkasi Quarry Rock Fall
A 23-year-old excavator operator died after a large rock fell on his machine at a stone quarry in Tenkasi district. Police are investigating safety violations.
Maharashtra Cabinet Approves $2 Billion Road Project
The Maharashtra cabinet approved a $2 billion road improvement project funded by AIIB and NDB, aiming to upgrade 1,500 km of roads in two phases to boost economic growth.
DAP Shortage Looms in Maharashtra, Farmers Face Steep Costs
With a likely DAP shortage ahead of kharif sowing, Maharashtra farmers are forced to switch to costlier alternatives, leading to reduced fertiliser use and concerns over crop yield.
IndiGo to Suspend Manchester Flights from August 3
IndiGo has announced suspension of its Manchester flights from August 3, citing escalating operational costs and airspace restrictions. The airline will offer refunds or rebooking options to affected passengers.
PM Modi's Gulf Move Pays Off; India-Oman CEPA Gamechanger
India's trade pact with Oman is proving to be more than a free trade agreement. Amid tensions threatening the Strait of Hormuz, the CEPA offers zero-duty access, alternative ports, and strategic resilience.
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Iran Inflation Hits 77.2%, Highest Since WWII
Iran's annual inflation surged to 77.2% in May, the highest since WWII. War, US sanctions, and structural issues deepen the economic crisis, with prices of essentials rising 113.8%.
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