At a disaggregated level, a few large states have debt-to GSDP ratios exceeding 35 per cent, the report added. Flagging the need to enhance the health of finances, Reserve Bank of India governor Shaktikanta Das on Thursday asked state governments to focus on fiscal consolidation and improve quality of expenditure. … Read more
Year: 2023
Softer commodity prices to lift road units’ margins: CRISIL SME Tracker
Liquidity conditions are also expected to improve, as measures under the Atmanirbhar Bharat scheme have been extended until March 2024, and payments by state authorities also become more punctual. Small and medium enterprises (SMEs) in the roads sector are expected to see revenue growth of 5-10 per cent in 2023-24 … Read more
Jaguar Land Rover wholesales rise 30% in Q1 as chip shortage eases
Retail sales up 29% YoY to 101,994 units; Tata Motors shares hit all-time high. British luxury car maker Jaguar Land Rover (JLR), a wholly owned subsidiary of Mumbai-headquartered automobile giant Tata Motors, posted a 30 per cent year-on-year (YoY) jump in wholesale volumes and 29 per cent growth in retail … Read more
Centre may set mandates for industrial use of green hydrogen: Official.
India has set a goal of producing 5 million metric tonnes of green hydrogen annually by 2030, with about 70% of that marked for export markets, he said. India may set mandates for industries such as fertilisers and refineries to use green hydrogen, after consultations, the country’s renewable energy secretary … Read more
UCC will not affect NE Christians, tribals, Amit Shah tells Nagaland
Kohima: Amid growing opposition to the Uniform Civil Code (UCC) in Nagaland and the rest of northeast India, a top source in the government told EastMojo that Union Home Minister Amit Shah has assured the state government that tribals and Christians will not be disturbed by the UCC. Shah gave the assurance … Read more
Russian fighter jets harass American drone over Syria for second time in two days, US Air Force says
Russian fighter jets harassed an American drone operating over Syria for the second time in two days, according to the US Air Force, a sign of increasing friction between the two countries in Middle East airspace. On Thursday, a US MQ-9 Reaper drone was conducting a mission against ISIS targets … Read more
Mirabai Chanu 95% fit after injury, to miss Commonwealth C’ships
New Delhi: Recovering from a thigh injury she suffered about a month-and-a-half ago, Olympic medallist Mirabai Chanu is now “95 per cent fit” but will not compete at the Commonwealth Championships at home next week, Indian Weightlifting Federation (IWLF) President Sahdev Yadav said on Thursday. The Tokyo Olympics silver medallist, who … Read more
FSSAI conducting a scientific study of aspartame from an Indian perspective: Official
Food regulator FSSAI is conducting a comprehensive scientific study of non-sugar sweeteners and aspartame on the basis of insights pertaining to the country’s population, an official said on Thursday. The Food Safety and Standards Authority of India (FSSAI) Advisor Harinder Oberoi also said that a panel is already working to … Read more
1,100 cadres of eight Adivasi outfits deposit arms in Assam
Guwahati: Altogether 1,100 cadres of eight Adivasi rebel outfits who had signed a peace agreement with the central and Assam governments formally deposited their arms to Chief Minister Himanta Biswa Sarma on Thursday. The representatives of each outfit deposited their arms at a ceremony here. These groups have been on ceasefire since 2016. … Read more