The BIS will oversee the implementation of these orders, and the...
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RBI likely to cut repo rate by 25 basis points for 1st time in 5 years
The potential rate cut is coming after the domestic rate-setting...
Corporate ‘Irritation’ over ESG fueled by significant costs
There’s evidence to suggest that fund managers devoting lots of...
Omicron reported in 57 countries, hospitalisations set to rise, says WHO
The WHO, in its weekly epidemiological report, said more data was needed to assess the severity of disease caused by the Omicron variant and whether its mutations might reduce protection from vaccine-derived immunity "Even if the severity is equal or potentially even...
Cyber security, frauds main concerns with digital currency: RBI
"Main concern comes from the angle of cybersecurity and possibility of digital frauds. We have to be very careful about that," said RBI governor Das Mumbai: As the RBI moves ahead for the launch of the central bank digital currency (CBDC), Governor Shaktikanta Das on...
UP, Delhi, Karnataka leading states in EV sales: Govt
Uttar Pradesh (255,700) has the highest registered electric vehicles, followed by Delhi (125,347) and Karnataka (72,544) come in that order. The fourth and fifth spots are grabbed by Bihar (58,014) and Maharashtra ( 52,506). New Delhi: Uttar Pradesh, Delhi and...
COVID contributed to 69,000 malaria deaths WHO finds, though ‘doomsday scenario’ averted
According to the analysis, moderate disruptions in the delivery of malaria services contributed to 14 million malaria cases and 69,000 deaths Two thirds (or 47,000) of the additional malaria deaths, were due to disruptions in the provision of malaria prevention,...
Investor wealth surges over Rs 3.96 lakh cr as market rally continues
With reports that the new COVID variant Omicron is unlikely to be more severe than the Delta variant, an overall positive sentiment persisted in the global markets Mumbai: Investors saw their wealth rise by more than Rs 3.96 lakh crore on Wednesday as stocks continued...
RBI leaves rates unchanged,continues accommodative stance
Shaktikanta Das, governor, RBI The RBI's monetary policy committee held the lending rate, or the repo rate, at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35% RBI governor Das said that the Indian economy is relatively...
India among most unequal nations; top 1 pc of population holds 22 pc of national income: Report
According to the report, average household wealth in India stands at Rs 983,010 New Delhi: India stands out as a poor and very unequal country, with the top 1 per cent of the population holding more than one-fifth of the total national income in 2021 and the bottom...
Panel orders immediate closure of NCR industries not using cleaner fuels
"Despite the measures taken in different sectors towards improvement of air quality in Delhi-NCR, the air quality still remains in the 'very poor' to 'severe' category," the Commission for Air Quality Management said. NEW DELHI:In a stern action against industries,...
18 times hike in installed capacity of solar energy in India between 2014 and 2021, says govt
'Installed capacity of solar energy in India has increased by more than 18 times from 2.63 gigawatt in March 2014 to 47.66 gigawatt in October 2021. As a result, India's current share of non-fossil sources based installed capacity of electricity generation is more...
Domestic air passenger traffic crosses 10-mn mark in Nov; Omicron has potential to derail recovery’
ICRA Vice-President and Sector Head Suprio Banerjee said, ''Though the recovery continued in November, demand continues to be subdued from the corporate traveller segment as reflected by the passenger traffic being lower by around 19 per cent in November 2021 compared...