Power Ministry Revises Framework To Supply Cheapest Lot First To Consumers and help state utilities to meet demand in a cost-effective manner.
The power ministry has revised the structure of the Day-Ahead National level Merit Order Despatch Mechanism to lower the overall cost of electricity generation, which will translate into lower power prices for consumers.
Reliance General Insurance has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s Central Bank Digital Currency e-Rupee for premium payments.
The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank's eRupee platform.
The Union Cabinet approved National Medical Devices Policy 2023 to promote domestic manufacturing and help the sunrise sector grow from the present $11 billion to $50 billion in the next five years and reduce import dependence.
The policy focuses on six strategies to tap the potential of the sector with the 'implementation of action plan'.
The Reserve Bank of India has given its consent for the reappointment of N Kamakodi as managing director and CEO of private sector bank City Union Bank.
The tenure of his re-appointment would be for a period of three years with effect from May 1, 2023
Indian IT services company Infosys has joined hands with Walmart Commerce Technologies to help retailers harness technology solutions that simplify customer and store employee experiences.
Infosys will help retailers implement and use Store Assist, which enables them to provide seamless omnichannel experiences' such as pickup, delivery and ship from store for both employees
The bilateral trade between India and Korea grew by 17.3% to $27.8 billion in 2022, according to Korea Trade-Investment Promotion Agency.
In 2021, the value of bilateral trade between the two countries stood at $23.7 billion.
Korea's exports to India increased by 21% to $18.9 billion, while imports increased by 10.5% to $8.9 billion.
India was the world's fourth-largest military spender in 2022, with its defence spending increasing by around six percent as compared to 2021, a report by the Swedish think tank Stockholm International Peace Research Institute said.
With a military expenditure of $81.4 billion, India's spending was up by 6% from 2021 and by 47% as compared to 2013.
Indian banks have stayed resilient and bad loans have fallen substantially, according to Reserve Bank of India Governor Shaktikanta Das.
The gross non-performing assets ratio of banks have fallen to 4.41% at end-2022.
This is the lowest since March 2015 and compares with 5.8% in end-March 2022 and 7.3% as of March 31, 2021.
Cooperation Minister Amit Shah exhorted farmers to maximise the use of liquid nano DAP and urea, saying extensive usage of these farm inputs will make India 'Atmanirbhar' in fertiliser production and reduce import dependence.
The benefits of using liquid fertilisers include soil conservation, higher crop yield, and easy transportation , besides reducing import bills.
India’s consumer affairs department and a German ministry signed on Tuesday an agreement on improve quality infrastructure.
The work plan was signed at the ninth annual meeting of the Indo-German working group on quality infrastructure in Berlin. “The technical dialogues of the working group address key areas of economic cooperation between the two countries.
Prime Minister Narendra Modi addressed the 20th anniversary of the State Wide Attention on Grievances by Application of Technology -SWAGAT initiative in Gujarat.
During the event, Mr. Modi also interacted with the past beneficiaries of the scheme.
The scheme was started by Prime Minister Modi in April 2003 during his tenure as the Chief Minister of Gujarat.
Hari Hara Mishra has taken charge as the Chief Executive Officer of the Association of Asset Reconstruction Companies.
Mishra, who worked with State Bank of India from 1982 to 2004, Officer, has been associated with Asset Reconstruction Sector since those formative days (2004) till date, in various ARCs in executive and director level roles.
Sydney will host the 2023 Quad Leaders’ Summit on May 24, which will see the leaders of India, Japan, Australia and the US discuss ways to promote stability in the Indo-Pacific region.
This will be the third in-person Quad Leaders’ Summit and the first time Australia will be hosting the meeting.
The first two Quad meetings were held in the US and Japan.
The 1959 Ramon Magsaysay Award was presented to Tibetan spiritual leader the Dalai Lama after 64 years.
Ramon Magsaysay Award Foundation president Susanna B Afan and Foundation Trustee Emily A Abrera met with the Dalai Lama, the Nobel Peace laureate, to personally present the 1959 Ramon Magsaysay Award.