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The union cabinet approved on March 26 a six-month extension (of 1 in addition to his normal quota of food grains under the National Food Safety Act (NFSA)) to Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY). The PDG press release further stated that the government will spend Rs 80,000 crore on 24.4 million tonnes (t) …
Indonesia, the world’s largest exporter of cooking oils, will expand its export ban to include crude palm oil, adding to uncertainty in a market that has seen skyrocketing price volatility and threatens to worsen global inflation. food. The ban will extend to crude palm oil, RBD palm oil, and used cooking oil, Coordinating Minister for …
India’s northwestern state of Rajasthan has planned power cuts for factories for four hours, becoming at least the third state to halt industrial activity to cope with surging power demand amid intense heat waves. Extreme heat continued to scorch much of South Asia this week, offering no respite from India’s hottest March on record and …
The Employees Provident Fund Organization (EPFO) Universal Account Number (UAN) and the new informal sector workers database are expected to be interoperable to provide a transparent backbone for universal social security coverage in the broader labor market. “One registry and one UAN should be enough for all workers in the labor ecosystem,” a senior government …
I’m sure I’m not the only one who says that credit cards are extremely useful. But from time to time they get a bad rap when some misuse them. So does that make credit cards bad? No problem. Some think that credit cards can cause them to spend more than they should. But if so, …
Loan interest rates are expected to rise and bank rates are expected to change in May. Investment funds will adopt the swing pricing mechanism and management companies will have to start investing more in their own devices. These are the main regulatory and operational changes that are expected to start in May. Home because loan …
India has asked utilities and private companies to ensure the delivery of 19 million tonnes of coal from abroad by the end of June, according to a letter from the Ministry of Energy, reflecting the urgency of securing supplies in a costly market in amidst ever-increasing blackouts. The move, which is the first time the …
India may not become a $5 trillion economy until FY29, according to the International Monetary Fund (IMF). According to data from the IMF’s World Economic Outlook database, updated last month, India’s nominal GDP is expected to reach US$4.92 trillion in FY28, leaving GDP to reach US$5 trillion in the following year, it will break the …