As per the second batch of Supplementary Demands for Grants tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman, the government has sought permission for gross additional spending of Rs 2.81 lakh crore.
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The Reserve Bank of India on Tuesday issued a set of amendment directions clarifying how several non-bank financial sector entities should compute “Owned Fund” and Tier 1 capital, allowing inclusion of quarterly profits subject to audit and dividend adjustments.
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India has invoked the Essential Commodities Act to secure domestic cooking gas supplies. The ongoing Middle East conflict has disrupted global oil and gas shipments. Natural gas will be prioritized for domestic use, transport, and essential operations. Refineries are ordered…
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The decision, seeks to streamline investment approvals under Press Note 3 (PN3) while maintaining safeguards on strategic investments from land-bordering countries.
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Amit Pandey, Vice President – Financial Institutions Group at Moody’s Ratings, said India’s private capital expenditure cycle remains steady but lacks a clear trigger for a dramatic acceleration. While corporate investment is happening and the economy continues to grow at…
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The government has formed a special committee to manage LPG supplies. This committee will review requests and prioritize non-domestic users like hospitals and schools. The move comes as global fuel supply disruptions impact India’s LPG imports. The automotive industry had…
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