The government of India introduced the National Green Hydrogen Mission in January 2023 with a total outlay of ₹19,744 crores with an objective of achieving 5MMT of annual production capacity. It aims to achieve 100% self-sufficiency in energy production by 2047 and become a net-zero carbon-emitting country by 2070. Rising Demand for Heavy-Weight Trucks As …
Seoul, March 4 (IANS) LG Group Chairman Koo Kwang-mo visited India as part of the company’s broader strategies to seek new growth opportunities in the populous South Asian country, the company said on Tuesday. During his four-day stay in India, Koo met with employees and business leaders to evaluate the company’s competitiveness across the value …
New Delhi [India], March 4 (ANI): The Reserve Bank of India (RBI) will have to cut the Cash Reserve Ratio (CRR) to ease the prevailing liquidity pressure in the banking sector, according to a report by State Bank of India (SBI) research. The report highlighted that with unchanged ownership in government securities (G-secs) in the …
As per a report by the State Bank of India, ₹1.6 lakh crore worth of systemic liquidity deficit was observed in the Indian economy, with an average liquidity deficit estimated at ₹1.95 lakh crore at the end of February. This situation is a sharp downturn from the liquidity surplus observed by the banking industry in November …
According to a recent report released by the Union Bank of India, the Indian economy is on track to receive a significant boost in Q4FY25. The growth in the economy will be backed by the combination of sustained government spending, increased capital expenditure (Capex), and a seasonal upturn in consumption driven by the Maha-Kumbh and …
India’s GST revenue rose 9.1% YoY to ₹1.84 lakh crore in February, higher than January’s ₹1.77 lakh crore. Central GST stood at ₹36,100 crore, while states received ₹44,900 crore, reflecting strong tax compliance. GST Revenue Grows in February India’s Goods and Services Tax (GST) collections recorded a 9.1% year-on-year increase in February 2025, reaching ₹1.84 …
The Employees’ Provident Fund Organisation (EPFO) has likely maintained an 8.25% interest rate on Provident Fund (PF) deposits for FY 2024-25 in its Feb 28, 2025 meeting, as per PTI reports. EPFO Interest Rate Decision The Employees’ Provident Fund Organisation (EPFO) has likely maintained 8.25% interest rate on employees’ provident fund (EPF) deposits for the …
Despite the prevalence of adverse macroeconomic conditions worldwide, India is expected to emerge as a “shining light” for potential investors (us!), says the World Bank. This can be attributed to the growing popularity of renewable energy projects and continuous government efforts to improve income and consumption levels in rural areas. Madhya Pradesh in the Limelight …
India is set to sign agreements with Israel and Saudi Arabia to explore and process critical minerals. This move aims to boost India’s domestic supply and reduce dependence on imports, Union Mines Minister G. Kishan Reddy announced on Thursday. Agreement with Israel: Technology Transfer and AI in Mining India’s MoU with Israel will focus on …
The Indian rupee weakened further on Friday, declining to 87.3850 against the U.S. dollar at 10:58 a.m. IST, down from 87.20 in the previous session. The Reserve Bank of India (RBI) intervened in the forex market on Thursday when the currency touched 87.40, attempting to stabilise its value. The rupee, along with other Asian currencies, …
