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New Delhi, April 1 (SocialNews.XYZ) The government on Wednesday said it has adequate seed stock available for the upcoming Kharif season amid the West Asia crisis that has hampered global supply chains. Additional Secretary, Agriculture and Farmer Welfare, Maninder Kaur Dwivedi, said during the inter-ministerial briefing that the country has a self-reliant seed system backed by the Indian Council of Agricultural Research (ICAR) and the public sector, in addition to the private sector. Moreover ...Read More >
New Delhi: The Central Bureau of Investigation Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered based on a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption Act, accor ...Read More >
New Delhi: The Central Bureau of Investigation on Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered on the basis of a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption ...Read More >
Mumbai: Indian stock markets ended Wednesday's session on a strong note, although they gave up a large part of their early gains as optimism around easing tensions between the US and Iran faded later in the day. The benchmark indices Nifty and Sensex both closed higher, snapping their two-day losing streak. The Nifty settled at 22,679.40, up 348 points or 1.56 per cent, while the Sensex rose 1,186.77 points or 1.65 per cent to end at 73,134.34. Commenting on Nifty technical outlook, experts s ...Read More >
New Delhi: The Ministry of Petroleum and Natural Gas clarified on Wednesday that only the price of commercial LPG have been increased in the country, while that of domestic LPG has been left unchanged to protect households from the sharp rise in the cost at which the cooking gas is being imported amid disruptions due to the Iran war. "Prices of commercial LPG cylinders, used by industries and hotels, are deregulated, market determined and revised normally on a monthly basis. Their consumption i ...Read More >
New Delhi, April 1: The Ministry of Petroleum and Natural Gas clarified on Wednesday that only the price of commercial LPG have been increased in the country, while that of domestic LPG has been left unchanged to protect households from the sharp rise in the cost at which the cooking gas is being imported amid disruptions due to the Iran war. "Prices of commercial LPG cylinders, used by industries and hotels, are deregulated, market determined and revised normally on a monthly basis. Their cons ...Read More >
New Delhi (IANS): The government announced on Wednesday that domestic airfares should remain stable. Officials cushioned the impact of surging aviation turbine fuel (ATF) prices by allowing domestic airlines only a partial price increase. The Ministry of Petroleum and Natural Gas (MoPNG) noted that India has deregulated ATF prices since 2001, revising them monthly based on international benchmarks. Current geopolitical tensions threatened to drive domestic ATF prices up by more than 100 percent ...Read More >
New Delhi, April 1 (SocialNews.XYZ) The government on Wednesday said that domestic airfares are unlikely to see a sharp rise as it has cushioned the impact of a steep surge in aviation turbine fuel (ATF) prices by allowing only a partial increase for domestic airlines. According to the Ministry of Petroleum and Natural Gas (MoPNG), ATF prices in India -- deregulated since 2001 -- are revised monthly based on international benchmarks. Given the current geopolitical situation, ATF prices for dome ...Read More >
New Delhi, Apr 1 (PTI) Civil Aviation Minister K Rammohan Naidu on Wednesday said public sector oil marketing companies' decision to implement a partial and staggered increase in jet fuel prices for domestic airlines will help in shielding passengers from sharp fare hikes. Aviation Turbine Fuel (ATF) accounts for around 40 per cent of an airline's operational costs. Naidu said that with ATF prices have been deregulated since 2001 and revised monthly based on international benchmarks. Facing e ...Read More >
New Delhi: In a move to shield domestic air travel from a sharp global fuel shock, the government has capped the increase in Aviation Turbine Fuel (ATF) prices for domestic airlines at 25%, despite international benchmarks संकेत a potential surge of over 100%. The Ministry of Petroleum and Natural Gas said the decision comes amid an "extraordinary situation in global energy markets," triggered by the closure of the Strait of Hormuz. To prevent a steep rise in airfares, public sector oil market ...Read More >
New Delhi [India], April 1 (ANI): In a move aimed at protecting domestic air travel from a sharp global fuel shock, the government has limited the increase in Aviation Turbine Fuel (ATF) prices for domestic airlines to 25%, even as international benchmarks indicated a potential surge of over 100%. The Ministry of Petroleum and Natural Gas said the decision comes in response to an "extraordinary situation in global energy markets," triggered by the closure of the Strait of Hormuz. To prevent a s ...Read More >
New Delhi [India], April 1 (ANI): In a move aimed at protecting domestic air travel from a sharp global fuel shock, the government has limited the increase in Aviation Turbine Fuel (ATF) prices for domestic airlines to 25%, even as international benchmarks indicated a potential surge of over 100%. The Ministry of Petroleum and Natural Gas said the decision comes in response to an "extraordinary situation in global energy markets," triggered by the closure of the Strait of Hormuz. To prevent a s ...Read More >
HYDERABAD: Civil Supplies Minister N Uttam Kumar Reddy has urged Union Petroleum Minister Hardeep Singh Puri to increase the availability of auto LPG at outlets run by public sector companies such as IOCL, HPCL and BPCL. He also sought directions to these companies to supply LPG to private distributors. In a letter on Tuesday, Uttam said the ongoing conflict in West Asia has disrupted LPG supplies, severely affecting Telangana, where nearly 1 lakh auto-rickshaw drivers depend on auto LPG. He hi ...Read More >
New Delhi [India], April 1 (ANI): India should definitely look for a geographical diversification for gas to mitigate the risks posed by ongoing geopolitical tensions in the Middle East, according to Sandeep Jain, Former Executive Director (Gas) at Indian Oil Corporation Ltd. (IOCL). Speaking to ANI, Jain emphasized that India needs to consider all options, including "Russian-sanctioned LNG" that is currently available. He argued that the high cost of current imports could lead to "demand destr ...Read More >
Amaravati: Andhra Pradesh is positioning its planned "Quantum Valley" in Amaravati as a global hub for quantum computing hardware and research, with Chief Minister N Chandrababu Naidu setting an aggressive timeline for domestic manufacturing and ecosystem development. Speaking at a high-level industry roundtable on building a quantum hardware manufacturing base, Naidu said the Amaravati initiative - aligned with India's National Quantum Mission, could "provide a new direction for the nation" an ...Read More >
Allowing kerosene back into the retail fuel network provides a fallback fuel for households. ShowQuick Read Summary is AI-generated, newsroom-reviewed * The Centre has opened an emergency window for kerosene distribution across India via select petrol pumps * The decision comes amid the ongoing Iran war disrupting global energy supplies * Up to two petrol pumps per district can be designated to sell kerosene Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: The Cent ...Read More >
Hyderabad, Mar 31 (PTI) Telangana Civil Supplies Minister N Uttam Kumar Reddy on Tuesday urged Union Minister for Petroleum and Natural Gas Hardeep Singh Puri for urgent additional LPG supplies by the Centre in view of shortages being faced by LPG autorickshaws in the state, mainly in Hyderabad. In a letter addressed to Puri, Reddy said the domestic LPG supply is being maintained at 10 per cent to meet essential household needs, and commercial LPG allocations are being regulated in accordance w ...Read More >
New Delhi: State-owned Central Bank of India has received a tax demand notice of Rs 296.08 crore from the Income Tax Department for an alleged shortfall in tax payment for the financial year 2024-25, according to its regulatory filing on Tuesday. The public sector lender said that the notice relates to the assessment year 2024-25 and is linked to an alleged shortfall in tax payment. In the exchange filing, the bank said it received the assessment order dated March 28, 2026, under relevant sect ...Read More >
Hyderabad: Telangana Civil Supplies Minister Uttam Kumar Reddy has announced that he will write to Union Petroleum and Natural Gas Minister Hardeep Singh Puri, urging immediate intervention to resolve the ongoing LPG shortage affecting vehicles in the state. The minister stated that the crisis has primarily been caused by delays in the arrival of LPG cargo ships. To address the issue, he convened an emergency meeting on Monday at the Secretariat with major LPG suppliers. Civil Supplies Commiss ...Read More >
New Delhi, March 30 (SocialNews.XYZ) The Enforcement Directorate has investigated 1,105 bank fraud cases under the Prevention of Money Laundering Act (PMLA) and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday. She also said that action had been taken under the Fugitive Economic Offenders Act (FEOA) against those evading Indian law by staying abroad. This was a reference to high-profile cases such as the Nirav Modi case, ...Read More >
Mumbai: In a push into large-scale energy storage, Pace Digitek has landed a significant NTPC contract that strengthens its position in India's fast-growing grid stabilisation and renewable integration segment. Wins Large EPC Order The company has secured a Letter of Acceptance worth Rs 494.54 crore, excluding GST, from NTPC for executing a BESS project at the Nabinagar Super Thermal Power Station. The contract covers end-to-end execution, positioning Pace Digitek as a key contributor to infra ...Read More >
Bengaluru: Food and Civil Supplies Minister K.H. Muniyappa on Monday said that the state government has initiated steps to streamline the supply of commercial LPG cylinders and assured hotel owners that distribution would resume from Tuesday. He also urged the Centre to resolve the shortage. Addressing the media, Muniyappa said an order regarding the allocation of commercial cooking gas had already been issued on Sunday. "The order will reach distributors today, and from tomorrow onwards, LPG c ...Read More >
BENGALURU: In line with Union govt directives to regulate commercial use of LPG amid the West Asia crisis, the state govt Sunday issued a set of standard operating procedures (SOPs) to manage supply and distribution.Under new guidelines, all commercial establishments must register for piped natural gas (PNG) connections with their respective distribution entities within seven days "to be considered under the allocation framework".The state has categorised commercial LPG distribution into four pr ...Read More >
BENGALURU, Feb 17 : Infosys unveiled a partnership with Anthropic on Tuesday, days after investor concerns that AI tools would disrupt the traditional business models of Indian IT services firms shaved billions off their market value. The selloff was triggered, in part, by the launch of a tool by Amazon and Alphabet-backed Anthropic, which has seen its revenue run-rate in India doubling in four months. Anthropic has leaned heavily into the enterprise AI market and last month launched Claude Co ...Read More >
NEW DELHI: Parliament on Wednesday passed a Bill to raise foreign direct investment (FDI) in the insurance sector to 100 per cent from the existing 74 per cent, a move the government said would help increase insurance penetration, lower premiums and generate employment. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha through a voice vote, a day after it was passed by the Lok Sabha. The Upper House rejected amendments moved by the Opposition, ...Read More >
Union Finance Minister Nirmala Sitharaman introduced the Sabka Bima Sabki Raksha Bill, 2025, proposing to raise FDI in the insurance sector to 100%. The bill aims to provide insurance to all by 2047, amending key insurance laws and establishing a policyholder protection fund. This move seeks to accelerate sector growth and enhance policyholder security. Union Finance Minister Nirmala Sitharaman on Tuesday introduced The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 in Lok Sab ...Read More >
New Delhi: Parliament on Wednesday passed a bill to raise FDI in the insurance sector to 100 per cent from the current 74 per cent, which is expected to increase insurance penetration, lower premiums, and boost job creation. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha. The House also rejected several amendments made by the Opposition to the bill, including the one to send the ...Read More >
New Delhi, Dec 17 (PTI) The government on Wednesday decided to exercise green shoe option to divest a higher 3 per cent stake in Indian Overseas Bank through offer-for-sale following overwhelming response from investors on the first day of subscription. The OFS of Indian Overseas Bank (IOB) opened for subscription on Wednesday for non-retail investors at a floor price of Rs 34 per share. "Offer for Sale in Indian Overseas Bank received good response from non-retail investors today. "Against a ...Read More >
New Delhi, Dec 17 (SocialNews.XYZ) The Rajya Sabha on Wednesday witnessed intense debate on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which proposes raising foreign direct investment (FDI) in the insurance sector to 100 pe cent from 74 per cent, among other reforms to modernise the industry and achieve 'Insurance for All by 2047'. The Bill, passed by the Lok Sabha on December 16, amends the Insurance Act, 1938; Life Insurance Corporation Act, 1956; and Insurance Regu ...Read More >
New Delhi: Canara Bank has joined the growing list of lenders adjusting interest rates after the Reserve Bank of India's recent policy move. Following the RBI's 25 basis point cut in the repo rate earlier this month, the public sector bank has revised both its lending rates and fixed deposit interest rates. The decision comes after major banks like State Bank of India (SBI) and HDFC Bank had already announced similar reductions. In its Monetary Policy Committee (MPC) meeting held in the first w ...Read More >
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