Author: NNI Editor
GTRI said that India’s best options to deal with the U.S.’s threat to impose high duties include offering zero tariffs on most industrial goods to the U.S., or absorbing new U.S. tariffs without retaliation | Photo Credit: Reuters India’s import duties are in compliance with global trade rules and the government should convey this to the U.S. administration, Global Trade Research Initiative (GTRI), an economic think tank, said on Sunday (March 2, 2025).It also said that negotiating a comprehensive Free Trade Agreement (FTA) with the U.S. presents several challenges.The U.S. may push India to open government procurement to American firms,…
Niti Aayog member Arvind Virmani. File | Photo Credit: Handout E Mail Niti Aayog member Arvind Virmani has said that while employment is increasing in India, real wages for regular jobs have not kept pace with inflation over the past seven years.India has an opportunity in terms of the global population, and there is a need to take advantage of it. For this, improving the quality of teaching and training is important, he noted.“According to PLFS (Periodic Labour Force Survey) data, the worker-population ratio has been clearly increasing in the last seven years. This means that the number of jobs…
The NECSTGA also asked the Tea Board to make certain concessions for small tea growers of certain northeastern States such as Nagaland, where Article 371A of the Constitution of India granting special rights is applicable. File | Photo Credit: The Hindu GUWAHATIAssam’s small tea growers have asked the Tea Board of India to assign officers and experts who can communicate with the stakeholders in the language they understand to increase efficiency and quality output.In a memorandum to the Tea Board’s Chairperson on Sunday (March 2, 2025), the North East Confederation of Small Tea Growers’ Association, or NECSTGA, said the small-scale…
Ex-SEBI Chairperson Madhabi Puri Buch. File | Photo Credit: PTI A special court in Mumbai has directed the Anti-Corruption Bureau (ACB) to register an FIR against former SEBI chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory violations.”There is prima facie evidence of regulatory lapses and collusion, requiring a fair and impartial probe,” the special ACB court judge, Shashikant Eknathrao Bangar, said in the order passed on Saturday.The court said it will monitor the probe, and sought a status report (of the case) within 30 days. The court order also noted that…
What is this statue called and why is it significant? | Photo Credit: Getty Images/istock A molecular biologist from Madurai, our quizmaster enjoys trivia and music, and is working on a rock ballad called ‘Coffee is a Drink, Kaapi is an Emotion’. @bertyashleyEasy like Sunday morning 1 / 10 | According to the Constitution of India, 552 elected members make up the Lok Sabha. Each member gets a bench with their assigned number. There is only one number missing. Which number is this, that is a reference to a section of the Indian Penal Code? 2 / 10 | The…
Image for representational purposes only. | Photo Credit: The Hindu The story so far: On February 21, the Reserve Bank of India (RBI) floated a consultation paper seeking to waive foreclosure charges, and prepayment penalties, on loans taken by micro and small enterprises (MSEs). At present, banks and non-banking financial institutions (NBFCs) cannot levy the same on any term loan at floating rates of an individual borrower. The proposals thus extend these provisions to MSEs for business purposes emphasising the “paramount importance” of “easy and affordable” financing for them. Comments to the proposed measures are solicited until March 21. What all…
The meeting was held between Commerce and Industry Minister Piyush Goyal and EU Commissioner for Trade and Economic Security Maros Sefcovic. File. | Photo Credit: @PiyushGoyal on X via PTI With India and the European Union (EU) setting the year-end deadline to conclude a free trade agreement, teams from both sides held discussions on Saturday (March 1, 2025) to accelerate efforts towards a balanced and mutually beneficial pact.The meeting was held between Commerce and Industry Minister Piyush Goyal and EU Commissioner for Trade and Economic Security Maros Sefcovic in Mumbai along with officials from both sides.Also read | This is…
Tata Motors and Hyundai Motor India in February reported a 8% and a 3% year on year (YoY) decline in total vehicle wholesale numbers respectively while market leader Maruti Suzuki reported a marginal growth of less than 1%. Mahindra & Mahindra, Toyota Kirloskar Motor and Kia put up a strong show with a growth of 15%, 13% and 24% respectively, data released by individual companies on Saturday show. Maruti Suzuki reported wholesale of 1,99,400 units as compared with 1,97,471 units a year ago, up 0.97%. This includes domestic passenger vehicles (PV) wholesale of 1,60,791 (1,60,271) units.Hyundai reported PV wholesales of 58,727…
(from left ) V Ramesh, Additional Director (Executive Director); R. Vijay Anandh, Executive Director and G. Mahalingam, Non Executive Chairman, City Union Bank; Rohit Katyal – Head Of Commercial, CSK; Sriram, CFO, CSK and Abhishek, Legal Head, CSK at the launch of CUB- CSK co-branded Credit Card, in Chennai on Saturday . | Photo Credit: BIJOY GHOSH City Union Bank (CUB) on Saturday announced a strategic partnership with Chennai Super Kings (CSK), to introduce a new co-branded credit card. This collaboration offers fans of the franchise a chance to enhance their financial journey while enjoying exclusive perks related to their…
The Mission for Cotton Productivity that was announced in the Union Budget last month is expected to take off in another four-five months.At a post-budget webinar on agriculture and rural prosperity held on Saturday, one of the discussions was on the Mission for cotton where stakeholders presented their views.The Mission, which will be implemented at a cost of ₹2,500 crore over five years will have three mini missions.One mini mission (Kapas Kranti) will focus on improving cotton yield and productivity for farmers. It will look at strategic interventions such as research, extension, and human resource development and it will be…