GAIL to invest ₹844 crore in expanding gas pipeline capacity
GAIL also said it has pushed back the completion scheme of its 1,702 km Mumbai-Nagpur-Jharsuguda pipeline project from June 30, 2025 to September 30, 2025.
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RBI reduces priority sector lending target for SFBs
Reserve Bank of India has reduced the priority sector lending target for small finance banks. This move has boosted the share prices of listed entities. The relaxation provides greater operational flexibility. It allows banks to optimize capital allocation towards secured…
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Finance minister asks I-T officers to proactively resolve taxpayer grievances, issue refunds on time
Finance Minister Nirmala Sitharaman urged tax officers to prioritize taxpayer grievance resolution and timely refunds. She emphasized reducing litigation by accelerating the disposal of pending disputed tax demands. The minister directed simplifying tax compliance, ensuring transparency, and withdrawing departmental appeals…
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Finance ministry holds meeting on scaling up of Unified Lending Interface
The finance ministry and Reserve Bank of India convened a meeting with stakeholders, including state government representatives, to discuss scaling up the Unified Lending Interface (ULI). ULI, a digital public infrastructure designed to streamline lending, aims to replicate UPI’s success…
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India’s basmati rice shipments to Iran stuck at ports amid Middle East conflict
Around 100,000 tonnes of basmati rice destined for Iran are stranded at Indian ports due to the Israel-Iran conflict, causing financial strain for exporters. Shipments are held up at Kandla and Mundra ports due to unavailability of vessels and insurance.…
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Magnet crunch: Indian firms pitch supply chain plans to curb China’s rare earth dominance
These companies have made presentations to the government, including the Ministry of Heavy Industries, assuring that they will build supplies within India to reduce dependence on China.
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