The new contract and procurement manual is expected by July, ET has learnt. While the bigger contracts go through proper scrutiny, contracts below Rs 100 crore are assigned by departments, ministries and CPSEs in their independent capacity.
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The move is likely to benefit at least six power plants with a total planned capacity of around 8 GW, but the capacity remaining to be tied up is around 4 GW, because PPAs have either not been signed or…
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Despite the rise of digital payments, currency in circulation in India has increased, driven by strong rural demand and agricultural output. Total currency in circulation reached Rs 38.1 lakh crore in early May, reflecting a significant portion of GDP.
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These CPSEs and government entities have set a total capital expenditure target of Rs 7.85 lakh crore for FY26, almost unchanged from last fiscal’s actual spending of Rs 8.07 lakh crore, which surpassed the revised goal of Rs 7.87 lakh…
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Despite trade tensions, the US and India are quietly working to resolve trade barriers. India is considering easing import rules for US apples by replacing strict certifications with simpler declarations. Simultaneously, discussions are underway to finalize a Regional Partnership Agreement…
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Jaguar Land Rover executives convened in Mumbai to address a sales slowdown in India following the UK-India FTA announcement. Dealers report customers are delaying purchases, anticipating price reductions, though locally assembled models may not see significant changes. Despite recent record…
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