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Cabinet approves scheme to promote coal/lignite gasification projects with outlay of 37,500 crore
The financial incentive at a maximum of 20% of the cost of plant and machinery will be provided
Cabinet clears Kharif MSP hikes, 37,500-crore coal gasification push to shore up economy
Measures target rural incomes, energy security and logistics amid global uncertainty
Public sector lender Canara Bank on Tuesday (12 May) hiked its MCLR rates by 5 bps. We explore how this increase will likely impact borrowers' re
PPF extension vs phased withdrawals: What should investors choose after account maturity?
After a PPF account matures, investors can withdraw the corpus, extend it for five years, or make phased withdrawals. Choices depend on financial
Air India suspends flights on six international routes as ATF prices bite
businessline was the first to report on the airlines plans to temporarily suspend all flights to certain destinations such as Chicago
Govt hikes import duty on gold, silver to 15% amid forex concerns
The gold route via UAE also hit as the centre moves to ease CAD pressure
IVPA welcomes Govts decision to increase MSP for oilseeds
A sustainable edible oil economy requires a balanced approach that protects farmer remuneration, says association chief Sudhakhar Desai
CIAL facilitates successful seaplane trial operations to Lakshadweep
Three operations conducted using the DHC6-400 Twin Otter seaplane aircraft
To file an FIR for a cybercrime involving elderly parents or family members, swift evidence collection, online fraud reporting and bank notificat
The NC-JCM, led by Shiv Gopal Mishra, submitted a 51-page memorandum to the 8th CPC, proposing salary hike, increased minimum pay and expansion o
Pension amount for elderly, widows under NSAP unchanged since 2012; inflation makes it worse
When adjusted to the current Consumer Price Index (CPI), a pension of 200 should cost 353 to retain its original purchasing power.
Govt approves 37,500-cr incentive to promote coal gasification projects
The decision was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi
Air India cuts international flights on 6 overseas routes amid fuel price surge
The airline temporarily suspends services on six routes, including Delhi-Chicago and Mumbai-New York, from June-August.
Bayers FarmRise app reaches 5 million users
Its phygital ecosystem for farmers is led by FarmRise, a farmer-focused digital platform
Bank FD vs SCSS: Which investment gives better returns over 5 years?
SCSS vs FD comparison highlights higher assured returns from government-backed schemes than bank fixed deposits over five years, with SCSS offeri
What happens if you dont extend SCSS tenure? Rules, interest and withdrawal explained
The Senior Citizens' Savings Scheme (SCSS) offers investment options for individuals aged 60 and above, with quarterly interest payments. It has
ITCMAARS Crop Doctor enables farmers to improve plant health across 70 crops
ITCs AI- and ML-powered agritech solution is enabling real-time detection of plant diseases, delivering tailored remedial guidance to Indian farm
Dearness Allowance: After the Finance Ministry and IBA, the Indian Railways has also hiked DA component of employees' salaries by 2%, from 58% to
How can NRIs simplify investing between India and their country of residence?
From NRE vs NRO confusion to tax treaties and GIFT City access, heres a practical roadmap for NRIs to simplify cross-border investing and build o
Indias edible oil import bill jumps 19% in H1 of oil year 2025-26, volumes rise over 13%
The value of imported cooking oils increased to around 87,000 crore from 73,000 crore a year ago, while the volume was up to 78.15 lakh tonnes fr
Geopolitical crisis, weather may help India export 2 mt of wheat, says USDA
The governments move to lift the 2023 ban on shipments of the cereal will facilitate meet over 25 mt drop in global production
Canara Bank hikes MCLR lending rates; Bank of Baroda keeps rates unchanged check details
Canara Bank MCLR hike by 5 bps may raise EMIs on floating-rate loans like home, auto and personal loans, while Bank of Baroda keeps rates unchang
Call to strengthen enforcement against illegal wildlife trade
The three-day meet focuses on improving enforcement mechanisms, species identification, legal procedures, digital evidence collection and inter-a
Banks vs HFCs: What home loan borrowers must know
Homebuyers must choose between banks and housing finance companies (HFCs) for loans. Banks offer lower interest rates with strict documentation,
India doubles platinum import duty, raises costs for diesel SUVs and hybrids
The move is aimed at curbing imports and conserving forex, but may increase compliance costs, working capital pressure and supply-chain expenses
India wheat procurement tops 30-million tonne mark, heading towards target of 34.5 mt
Purchases surpass year-ago levels for first time this season despite Madhya Pradesh lag, with Punjab and Haryana showing strong gains
Maruti Suzuki crosses 30-lakh car dispatches through railways
MSIL says rail-based vehicle dispatches now account for 26.5% of total outbound logistics, marking a major milestone in its green logistics push.
Aditya Birla Health Insurance launches Activ Yuva, a wellness-first plan offering unlimited hospitalisation cover, OPD benefits, income protectio
India vegetable oil imports rise 13% to 7.94 million tonnes in Apr-Nov period
Palm oil imports nearly doubled, while soft oils like soybean and sunflower declined. In value terms, imports jumped 19% to Rs 87,000 crore
Outsourcing house chores is the new and easy norm, but is it burning a hole in your pocket?
App-based domestic help platforms promise reliability and ease. But as promo prices fade and surge fees kick in, urban users are rethinking wheth
Gold prices soar after duty hike should you buy, hold or rebalance? Expert says, good time to
The Indian government raised import duties on gold and silver to 15% to curb rising import costs due to the West Asia crisis. This hike may lead
Post Office Monthly Income Scheme 2026: 9 lakh investment earns 66,600 yearly, full maturity details
Post Office Monthly Income Scheme 2026 offers guaranteed monthly income, capital safety and stable returns at 7.4% interest, making it suitable f
Maruti Suzuki ramps up green logistics, targets 35% rail dispatch by 2031
Maruti Suzuki has already increased rail share to 26.5%, crossing 30 lakh cumulative rail dispatches
AERA defers 15% revenue recovery to moderate Noida airport charges
Regulator says part of airports revenue requirement was shifted to next tariff cycle to reduce burden on passengers and airlines
Noida airport domestic flyers to pay 490 user development fee: AERA
Tariff for greenfield facility to rise gradually till FY31 with UDF up to 1,461 for departing international passengers
Gold duty under India-UAE pact raised in line with standard rate hike
Gold import under specified quota to now attract duties of 14 per cent instead of 5 per cent; experts advise tighter origin rules to check misuse
Clarity act up for vote tomorrow: Will it change how you use crypto? 5 Key provisions to watch
The US Senate Banking Committee released the Clarity Act text, defining financial regulators' jurisdiction over cryptocurrencies. Key provisions
As of May 13, gold is priced around 161,410 per 10 gm, while silver reached 296,570 per kg, driven by demand and currency fluctuations.
Global sugar deficit expected in 2026-27 as demand outpaces production
Sugar output is projected to fall sharply in the European Union, the UK and Thailand, where low sugar prices are prompting farmers to switch to o
Social Security May 2026 payments start this week: Who gets paid today, May 13?
The first wave of May Social Security payments is scheduled for distribution this week. Payments are based on birthdates, with recipients born be
India launches new IFAD-backed programme to boost rural incomes and climate resilience
Aligned with the Viksit Bharat@2047 vision, the strategy focuses on empowering rural communities, scaling proven development models, and strength
Southwest monsoon likely over Bay of Bengal and Andaman and Nicobar by week-end: IMD
A low-pressure area persisting over the southwest Bay of Bengal is expected to strengthen over the next 48 hours, potentially aiding the monsoons
Income-tax returns: Form 26AS displays taxpayers' financial statements and can be accessed via the Income Tax portal or your banks' website. Taxp
Is foreign-earned salary in NRE account taxable in India? Here's what rules say
Non-resident Indians can transfer overseas earnings to India via NRE accounts, which are not taxable if income is foreign. NRO accounts manage In
US wheat harvest set to hit lowest level since 1972 amid severe Plains drought
Wheat output for the 2026/27 season is estimated at 1.561 billion bushels, well below last years levels and market expectations.
India set for record DAP fertiliser import in single tender amid supply concerns
Indian Potash Ltd agreed to buy the cargoes at prices between $930 and $935 per tonne on a cost-and-freight basis for deliveries to both the west
Investment planning is crucial for financial stability, involving assessment of current finances, risk tolerance, and future goals. Here are key
Prime Minister Modi calls for a one-year boycott of gold purchases to reduce imports and strengthen the economy. Experts suggest alternatives tha
The ERD economists observed that the impact of war in West Asia has been key point of interest in current months CPI inflation
A young Bengaluru professional earning 30 lakh annually wants to buy a Mercedes A-Class Limousine. ChatGPT replies.
PM Modis UAE visit to focus on Indias energy security: MEA
The PM is scheduled to hold talks with UAE President Mohamed bin Zayed Al Nahyan in Abu Dhabi
Talent migration is among the biggest economic crisis today, says Sridhar Vembu
Indias brain power runs Silicon Valley, and we are in turn buying the services of those companies at a huge mark up, Vembu said.
Puri pointed out that India currently holds around 60 days of crude oil supplies, 60 days of LNG inventories and 45 days of LPG reserves
India has a strong economic runway for at least next 15-20 years: Citi India chief
India offers macroeconomic resilience, political stability, demographic strength that is rare among emerging markets: Balasubramanian
Air India looks to suspend flights to key foreign destinations such as Chicago
Further international flight cuts likely for the June-August period as talks on ATF pricing relief fail to yield progress
Bodo Mller Chemie opens aviation-grade warehouse facility in Bengaluru
The company also announced the launch of its AS 9120-certified warehouse, strategically located on the outskirts of Bengaluru near Madavara
Are you investing in gold alternatives digital gold, gold ETFs, gold mutual funds or sovereign gold bonds (SGBs)? Check here to see if these opt
Odishas Dhenkanal farmers export 3 tonne of mango to London
The export was undertaken by Madanamohan, DKL Innovative and Kankadahad Farmer Producer Cooperative Societies
India gets its UPI for EV charging as Kumaraswamy unveils unified Bharat e-charge
Unified Bharat e-Charge, which businessline first reported on May 10 as a UPI for EV charging, will let EV users locate, book and pay across BPCL
IMD launches pilot weather forecast within 1 km radius in UP, national roll out in 2-3 years
The Indian weather agency will start a 10-day monsoon forecast every Wednesday, more specific to district and block levels
The government is working on a new employment policy: Mandaviya
Labour and Employment Minister Mansukh Mandaviya also urged the industries to join hands with government for providing a roadmap for job creation
The Chief Economic Advisors warning comes days after the EUs Ambassador to India made similar statements about compliances not being used as trad
The logistics park currently has five warehouses, of which three already have clients onboarded, said sources
At 1.98 lakh crore, PSBs clock record high net profit in FY26
With 11% growth y-o-y, this marked the fourth consecutive year of aggregate profitability for PSBs
What is digital gold? How can you buy it, and can it be converted to physical gold?
Digital gold allows online investment in physical gold without immediate possession. It is also backed by real gold stored in secure vaults but n
The Union Ministry of Mines launched the tranche at a function in Srinagar, inaugurated by Mines Secretary Piyush Goyal, as part of efforts to ex
India-Oman FTA likely to come into force on June 1: Goyal
Current global situation a wake-up call for India to become more efficient, self-reliant, the Minister said
Maharashtra government has made its revised National Pension Scheme optional for current employees and given till 31 December to opt-in. Here's a
Small savings scheme interest rates in May 2026: Returns on PPF, SSY, SCSS, NSC and others compared
Small savings scheme interest rates in May 2026 highlight stable government-backed returns across PPF, SSY, SCSS and NSC. These are ideal for con
Agrizy launches GenAI-powered formulation platform
The platform can turn product concepts into manufacturing-ready formulation, compressing typical new product development cycles
Investors continue selling as PM Modi signals crisis readiness
The market rout was broad-based, with 2,750 stocks declining on the Nifty 50 and just 590 advancing
APSEZ enters Europe offshore market as Adani Group expands global marine business
The move marks a significant overseas expansion for APSEZs fast-growing marine business as it seeks to reduce geographic concentration risks and
A representative body for central government employees has requested the 8th CPC to ensure a minimum payout under NPS to counter market volatilit
Uncertainty prevails over the strength of El Nino, says Australias Bureau of Meteorology
Models indicate the drought-bearing weather event would be of moderate strength
Pre-monsoon buying keeps black pepper prices steady
Many grinding factories in North India have stepped up procurement, resulting in sustained demand for pepper
If a tenant refuses to vacate a house in Delhi, there are key provisions under the Delhi Rent Control Act that can protect the landlord's rights.
Coal gasification key to build long-term resilience against global energy shocks: Experts
China, which operates nearly 350 million tonne of coal gasification capacity and faces energy import vulnerabilities similar to India, demonstrat
Retail inflation rose to 3.48% in April
CPI rises marginally from 3.4% in March amid mixed price trends across categories.
He also called on the industry to address the formal skilling gap, noting that only 20% of workers in construction and one per cent in tourism re
SCSS maturity rules explained: Can senior citizens extend their account's tenure?
The Senior Citizens Savings Scheme offers retirees a popular fixed-income investment with government backing and quarterly payouts. Eligible indi
Gen Z investors are rewriting the rules of investing
Gen Z has become the country's fastest-growing investor cohort, with under-30s now comprising 38% of the National Stock Exchange's base, but expe
Welspun One signs LoI with Balmer Lawrie for warehousing space in Mumbai
Balmer Lawrie is the first central public sector undertaking to partner with Welspun One across its portfolio
India's power demand to grow up to 5% YoY in FY27 on sustained economic momentum: Fitch Ratings
The report highlighted that peak demand reached a record 256.1 GW in April
I asked ChatGPT: Can I do a solo Bali trip from Delhi in 1 lakh? AI reveals the real 2026 cost
ChatGPT explains whether a 10-day solo Bali trip from Delhi can realistically be done within 1 lakh. Check the detailed AI breakdown on flights,
Economy not far from shock unless Iran war stops tomorrow: Uday Kotak
India needs to be strategic in a tribal mindset world, control assets, have a strong P&L
Missed an EMI payment? Here are 5 ways default can impact your credit score
EMI bounce on any form of debt can quickly damage your credit score. A single missed payment may significantly reduce scores, affect loans, and i
Can low-volatility funds work amid market volatility?
These passive funds are falling less than the broader market during sharp corrections, but advisers say the trade-off is slower gains in strong r
The employee filed a consumer complaint against EPFO in the Chandigarh district commission and sought transfer of the balance amount along with i
Why sideways markets make even smart investors look confused
After the 202024 bull run, markets have turned sideways and volatile. In this phase, discipline, risk control and defensive positioning matter mo
Large companies must ensure timely working capital release of MSMEs: Nageswaran
Speaking at the CII Annual Business Summit, Nageswaran said large companies should accept invoices presented by micro, small and medium enterpris
