Author: NNI Editor
NMDC CMD (additional charge) Amitava Mukherjee said the production reflects a strong operational momentum. | Photo Credit: Arrangement State-owned iron ore miner NMDC reported an almost 18% increase in production to 4.62 million tonne (MT) for February from the 3.92 MT a year earlier. Sales was flat at 3.98 MT (3.99 MT). It was the highest output thus far in February. The 18% boost is reflective of a strong operational momentum. “Consistent growth like this is an outcome of an efficient mining ecosystem driven by an innovative and ingenious spirit… our team is relentless in its pursuit of crossing new…
The United Planters’ Association of Southern India (UPASI) has expressed concern over declining productivity and mounting costs faced by coffee growers in India due to climate change.Erratic weather patterns leading to prolonged dry spells, unseasonal rains, and increased pest infestations continued to pose a serious challenge to coffee production in India, the Association said in a press note.India’s average coffee productivity declined from 947 kg per ha in 2000 to 814 kg per ha in 2023, with Arabica productivity seeing a drop from 815 kg per ha to 464 kg per ha during the same period.Further, the coffee plantations were…
Ajay Seth, Secretary, Department of Economic Affairs. File | Photo Credit: ANI Economic Affairs Secretary Ajay Seth was on Saturday (March 1, 2025) given additional charge of the post of Secretary, Department of Revenue, according to a Personnel Ministry order.The vacancy was necessitated following the appointment of Revenue Secretary Tuhin Kanta Pandey as the chairman of the Securities and Exchange Board of India (SEBI) on February 27. Mr. Pandey on Saturday (March 1, 2025) assumed charge as the chief of the Mumbai-based capital markets regulator.The competent authority has approved the assignment of the additional charge of the secretary of the…
Net GST collections during February 2025 grew 8.1% to about ₹1.63 lakh crore. File. | Photo Credit: PTI Gross GST collections rose by 9.1% to about ₹1.84 lakh crore in February, official data showed on Saturday. Gross Goods and Services Tax (GST) revenue includes a 10.2% jump in domestic revenues at ₹1.42 lakh crore and 5.4% rise in revenues from imports to Rs 41,702 crore during February.As per the data, during the month, mop up from Central GST stood at ₹35,204 crore, State GST at ₹43,704 crore, Integrated GST at ₹90,870 crore and compensation cess of ₹13,868 crore. Total refunds…
New SEBI Chairman Tuhin Kanta Pandey arrives to take charge at SEBI headquarters, in Mumbai on March 1, 2025. | Photo Credit: PTI Tuhin Kanta Pandey took over as Chairperson of the Securities and Exchange Board of India (SEBI) on Saturday (March 1, 2026) afternoon at the market regulators’ headquarters in Mumbai.Mr. Pandey will lead the market regulator for three years. Speaking to the media, he said “SEBI is a very robust market institution. It has been built over the years with successive leadership and will continue with it.” The SEBI holds the trust of people, industry, Parliament, investors and…
In this image provided by PMO, Prime Minister Narendra Modi addresses during a post-budget webinar on agriculture and rural prosperity, in Delhi, on March 1, 2025. | Photo Credit: PMO via PTI Prime Minister Narendra Modi on Saturday (March 1, 2025) called for expeditious implementation of the budgetary proposals for agriculture and rural development, urging stakeholders to focus on “action” instead of deliberating on a new budget.Addressing a post-budget webinar on ‘Agriculture and rural prosperity’, the Prime Minister emphasised that the budget reflects the government’s new expansion of the vision for a “Viksit Bharat” with a consistent policy approach in…
The visit by Union Commerce Minsiter Piyush Goyal will start from March 3 and the Minister is expected to be in the U.S. till March 7, 2025 Source link
Swedish home furnishing major IKEA’s store at Nagasandra in in Bengaluru. File image. | Photo Credit: Special arrangement IKEA India Private Limited has paid a total of ₹65.93 lakh, including penalties, for renewing its business license to the Bruhat Bengaluru Mahanagara Palike (BBMP), said H.C Girish, Dasarahalli Zonal Commissioner.In a release issued on Thursday, it is said the company initially obtained its business license from the BBMP on May 13, 2022, and renewed it for five years. However, during an inspection conducted on January 8, 2025, by health officials of the civic body, it was found that IKEA was operating…
Union Commerce Minister Piyush Goyal. File | Photo Credit: Sudhakara Jain Commerce and Industry Minister Piyush Goyal will visit Washington next week as India, and the United States are planning to negotiate a bilateral trade agreement, an official said. The visit will start from March 3 and the Minister is expected to be in the U.S. till Friday, the official added.During the recent visit of Prime Minister Narendra Modi to Washington, India and the US announced their commitment to more than double the two-way commerce to USD 500 billion by 2030 and negotiate the first tranche of a mutually beneficial,…
Peter Breuer, Senior Mission Chief for Sri Lanka at the IMF. File. | Photo Credit: Reuters The IMF has agreed to release the fourth tranche of $334 million from its $2.9 billion bailout package to Sri Lanka to strengthen the island nation’s recovery from its 2022 bankruptcy.The release of the fourth tranche was approved on Friday after the Executive Board of the International Monetary Fund (IMF) completed the third review under the 48-month Extended Fund Facility (EFF) Arrangement to Sri Lanka.Sri Lanka’s economy and the impact of the IMF bailout | In Focus podcastThe global lender said it would release…