New Delhi, July 12, 2024 (TBB Bureau): India’s consumer price inflation rose to 5.08 percent in June compared to the same month last year, driven by higher prices of vegetables and pulses, according to data released by the Ministry of Statistics on Friday. Vegetable prices surged by 29.32 percent due to a severe heat wave in northern states impacting production, ...

New Delhi, July 12, 2024 (TBB Bureau):  Indian Railways has achieved a significant milestone in coal transportation, marking a record increase in coal loading during the financial year 2023-24. According to data released by the Ministry of Railways, coal loading surged to 787.58 million tons, up from 727.98 million tons in the previous fiscal year 2022-23, registering a substantial rise ...

New Delhi, July 11, 2024 (TBB Bureau): Government e-Marketplace (GeM) has reported a substantial growth with a gross merchandise value (GMV) of Rs 1.25 lakh crore in the first quarter (April-June) of the financial year 2024-25, marking a remarkable 136% increase from last year’s Rs 52,670 crore in the same quarter. The services segment emerged as the key driver, achieving ...

New Delhi, July 11, 2024 (TBB Bureau):  The Exploration and Production (E&P) sector presents investment opportunities worth 100 billion USD by 2030, announced Hardeep Singh Puri, Minister of Petroleum & Natural Gas, during his address at the inaugural session of the first edition of Urja Varta. Emphasizing the sector’s role in achieving energy self-sufficiency and fostering economic growth, the Minister ...

New Delhi, July 4, 2024 (TBB Bureau): The Indian government is set to unveil a new Ship Building and Ship Repair Policy as part of its 100-day action plan, aiming to elevate India among the top 10 global players in the sector by 2030 and the top 5 by 2047, according to TK Ramachandran, Secretary of the Ministry of Ports, ...

New Delhi, July 4, 2024 (TBB Bureau):  Union Minister for Commerce and Industry, Piyush Goyal, on Thursday unveiled significant concessions aimed at boosting entrepreneurship among women and supporting MSMEs in the petroleum and explosives sectors. According to an official statement released on Thursday, these measures include an 80 per cent fee reduction for women entrepreneurs and a 50% reduction for ...

New Delhi, July 4, 2024 (TBB Bureau): The Finance Ministry has announced a 7.1 percent interest rate for the General Provident Fund (GPF) and similar provident fund schemes for Central government employees for the July-September quarter of the fiscal year 2024-2025. In a circular dated July 3, the Finance Ministry stated, “It is announced for general information that during the ...

KOLKATA, JULY 1, 2024 (TBB BUREAU): Coal India Limited (CIL) announced a robust 8 per cent increase in coal production, achieving 189.3 million tonnes in the first quarter of the current fiscal year, surpassing its target of 189.2 million tonnes. This growth marks a significant rise of 13.8 million tonnes compared to the same quarter in FY’24, driven by positive ...

NEW DELHI, JULY 1, 2024 (TBB BUREAU): On Monday, the price of jet fuel (Aviation Turbine Fuel or ATF) was increased by 1.2 per cent, while the cost of commercial LPG used in hotels and restaurants was reduced by Rs 30 per 19-kg cylinder, in alignment with international oil price trends. According to a price notification from state-owned fuel retailers, ...

NEW DELHI, JULY 1, 2024 (TBB BUREAU): In a landmark initiative, the government-run Open Network for Digital Commerce (ONDC) announced the induction of 300 sellers and 400 women entrepreneurs into its e-commerce platform on Monday. This significant expansion aims to empower local businesses and artisans across India. The newly onboarded 300 sellers hail from six notable clusters: Lucknow (Chikankari), Moradabad ...