Daily Excelsior News

GURUGRAM, Dec 15: Fortis Healthcare on Monday launched a 36-bed hospital for mental healthcare with plans to establish 10 such facilities over the next three years. Adayu, an in-patient mental health facility, is designed to meet the growing demand for comprehensive psychiatric care in India. The facility brings together a multidisciplinary team of psychiatrists, clinical psychologists, counsellors and arts-based therapists, along with nutritionists, physiotherapists and yoga practitioners, ens

NEW DELHI, Dec 15: ACME Solar Holdings Ltd, Indias leading renewable energy producer, on Monday said its 300 MW solar project in Rajasthan continues to be fully supported by dedicated transmission capacity and is not facing any evacuation constraints. Some solar projects in the state currently supply power under the temporary general network access (T-GNA) framework, as their associated transmission systems are yet to be commissioned. Those constraints are not faced by ACME. ACME Solar Holdings

New Delhi, Dec 15: Over 60 flights were cancelled and 5 diverted at Delhi airport on Monday due to poor visibility conditions, according to an official. Delhi airport operator DIAL said in a post on X shortly after 10 am that flight operations are still impacted due to dense fog. Our on-ground officials are working closely with all stakeholders to assist passengers and provide necessary support across Terminals, DIAL said. The official said as of now, 61 cancellations and 5 [] The post Dense Fog

KOLKATA, Dec 15: The Tea Board has entrusted the National Productivity Council (NPC) for cadre restructuring study to obtain information on the current duties and responsibilities of its employees. The Board has said that the purpose of the study is to obtain information on each employees current job and the associated duties and responsibilities. For this, the employees have been sent a form containing a questionnaire, which needs to be filled up and sent to the Board for analysis by [] The pos

NEW DELHI, Dec 14: With a view to improve monetary policy transmission, banks have been advised by the Reserve Bank of India (RBI) to link loans to MSMEs to an external benchmark, the Government has informed Parliament. The reset clause for loans has been reduced to three months under the external benchmark system. Further, to make the benefit of external benchmark-based interest regime available to existing borrowers, banks have been advised to provide a switchover option as per mutually [] Th

Bhaderwah, Dec 14: A prolonged dry spell and lack of snowfall this winter have hit tourism in Jammu and Kashmirs Doda district, affecting tourist arrivals and the local economy, tourism stakeholders said. Since the onset of winter, renowned high-altitude tourist destinations such as Guldanda, Chattergalla and Padri which usually start receiving snowfall by mid-October have not witnessed any significant precipitation activity so far, adversely affecting winter tourism and adventure sports, they

Jammu, Dec 10: The Jammu and Kashmir Real Estate Regulatory Authority (JKRERA) has proposed the establishment of a single window system for integrated approvals and registrations, and the constitution of district-level enforcement cells to strengthen monitoring and enforcement of violations across the Union Territory. RERA came into force in Jammu and Kashmir in 2018, while its operations began in January 2024 to regulate and promote the real estate sector, ensure transparency in projects, prote

As cryptocurrencies become increasingly integrated into global commerce, businesses of all sizes face a growing need to protect themselves from hidden risks within the blockchain ecosystem. Even though blockchain technology provides transparency, it does not automatically shield companies from exposure to illicit funds. For this reason, aml crypto solutions have become an essential component of corporate risk management, particularly for organizations that process digital payments, handle cross-

Mumbai, Dec 8: The Directorate General of Civil Aviation-appointed panel investigating the flight disruptions at IndiGo is likely to summon the airlines CEO Pieter Elbers and Chief Operating Officer Isidre Porqueras on Wednesday as part of the ongoing probe, according to a source on Monday. The four-member panel, comprising Joint DG Sanjay Brahamane, Deputy Director General Amit Guupta, senior Flight Operations Inspector Kapil Manglik, and FOI Lokesh Rampal, has been tasked with identifying the

New Delhi, Dec 8: Aviation Minister K Rammohan Naidu said in the Rajya Sabha on Monday that the government has initiated an inquiry into Indigos mass flight cancellations and will take strict action against the operator to set an example for other airlines. Blaming the airlines for its failure to manage the crew and duty roster through its day-to-day operations, Naidu said, We are not taking this situation easily. We are doing an inquiry. We will take very, very strict [] The post Inquiry Agains

NEW DELHI, Dec 8: Adani Green Energy Ltd (AGEL) on Monday said it has integrated the guidance of the Taskforce on Nature-related Financial Disclosures (TNFD) into its core sustainability strategy, reinforcing its shift toward nature-positive renewable energy development. The TNFD framework is a global, science-led initiative founded by the United Nations Environment Programme Finance Initiative, the United Nations Development Programme, the World Wildlife Fund and Global Canopy. It provides a s

NEW DELHI, Dec 8: The Supreme Court on Monday refused to accord urgent hearing to a plea seeking judicial intervention into cancellation of hundreds of flights by IndiGo, saying the Centre has taken note of the situation and has taken steps to address it. The top court said it was cognizant of the fact that lakhs of people are stranded at various airports. It is a serious matter. Lakhs of people are stranded at the airports. We know that the [] The post SC Refuses Urgent Hearing Of Plea On Fligh

Mumbai, Dec 7: IndiGo is operating 1,650 flights of its 2,300 daily domestic and international flights on Sunday, and 650 remain cancelled for the day, amid the airlines operations gradually stabilising after massive disruptions in the last five days, the airline said. IndiGo also said it is expecting to stabilise the network by December 10 against the earlier anticipated timeline of December 10-15. In another development, the airline saw its on-time performance from six metro airports on Saturd

NEW DELHI, Dec 7: Tyre maker Ceat is developing tyres for various global markets as it aims to expand its exports to regions like Europe and US with plans to establish itself as a global brand, according to RPG Group Vice Chairman Anant Goenka. The RPG Group firm garners around 20 per cent of its revenues from exports and expects the contribution to grow over the next few years. We are focusing a lot on international growth in [] The post Ceat looks to strengthen global play; focuses on develo

New Delhi, Dec 6: Union Finance Minister Nirmala Sitharaman on Saturday appreciated Jammu and Kashmir Chief Minister Omar Abdullah for his focused and determined approach to restore the Union territorys economy following a major setback to J-Ks tourism sector. Reflecting on the nations economic journey since 2019, marked by a sequence of unprecedented global and domestic challenges, the finance minister highlighted the specific efforts underway in Jammu and Kashmir. Without naming Pakistan, she

NEW DELHI, Dec 5: The RBI decision to cut interest rate by 25 basis points, along with recent GST reforms, would further lead to the automobile industrys growth by enhancing affordability and accessibility for consumers, industry body SIAM said on Friday. The 25 bps rate cut announced on Friday by the Reserve Bank, along with earlier repo rate reductions, reinforces a supportive monetary environment for boosting consumer sentiment in the country, Society of Indian Automobile Manufacturers (SIAM)

PUDUCHERRY, Dec 5: The target of having 100 gigawatts (GW) of installed wind energy-based power generation by 2030 looks achievable, as there is clarity seen in about 95 per cent of the goal, industry leader Girish Tanti said. The Government has set an ambitious target of having 500 GW non-fossil fuel-based power generation capacity in the country by 2030, of which 100 GW is to be achieved through wind. The target looks achievable and may exceed to reach 107 GW [] The post Wind capacity target o

Jammu, Dec 5: In view of the ongoing IndiGo flight disruptions, Northern Railways on Friday announced the augmentation of an additional coach in the Jammu-New Delhi Rajdhani Express for the next seven days, beginning tonight, officials said. Senior Divisional Commercial Manager Uchit Singhal said the decision comes to facilitate stranded passengers and provide them comfort. In the wake of ongoing flight disruptions, Indian Railways has taken an important decision to augment one 3rd AC coach of 7

LONDON, Dec 1: British Prime Minister Keir Starmer on Monday defended his Treasury chief against opposition claims that she misled the public and the markets about the state of the public finances before last weeks budget. Starmer said there was no misleading in the run-up to Chancellor of the Exchequer Rachel Reeves tax-hiking budget, which the government hopes will raise money to reduce government borrowing, invest in infrastructure and public services, ease the cost of living and spur elusiv

NEW DELHI, Dec 1: Ola Electric on Monday announced the nationwide rollout of its in-app service appointment feature under its Hyperservice initiative, enabling customers to seamlessly schedule service for their vehicles. The new feature strengthens the companys commitment to delivering a transparent, convenient, and customer-first service experience. Designed to offer greater ease and accessibility, the in-app booking system allows users to choose preferred service slots, track service status,

NEW DELHI, Nov 27: India imported 5.4 million tonnes of Russian oil worth EUR 2.1 billion between January and September 2025 aboard 30 vessels sailing under false flags, a European think tank said in a report on Thursday. The shipments formed the single largest national destination for crude moved by Russias expanding shadow fleet, according to the Centre for Research on Energy and Clean Air (CREA). After the Kremlins full-scale invasion of Ukraine, Western countries imposed sanctions on Russia

T. Shailly The global economic outlook over the past few years has been characterised by deceleration, financial instability, and geopolitical uncertainty. Advanced economies continue to cope with persistent inflation, tighter monetary conditions, and the aftermath of supply chain disruptions triggered by the pandemic and conflict in Europe. In this subdued recovery environment, India has emerged as a critical driver of global economic momentum. Recording a growth rate of 7.8 per cent in the fir

NEW DELHI, Nov 13: Over 50,000 industry professionals, 2,000 exhibitors and investors from more than 120 countries will participate in a three-day pharmaceutical industry event on November 25 at India Expo Centre, Greater Noida, to showcase their innovations and collaborations. Organised by Informa Markets in India, the 18th edition of CPHI and PMEC India 2025 will feature the complete pharmaceutical value chain under one roof and focus on key industry themes such as API self-reliance, sustaina

Excelsior Correspondent NEW DELHI, Nov 12: India today is a key part of global transition to a self-reliant hydrogen economy, Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh said while addressing the 3rd International Conference on Green Hydrogen (ICGH-2025) at Bharat Mandapam here. The Minister underscored that clean energy is no longer a matter of environmental choice, but an economic, technological, and strategic imperative for the nations growth. D

NEW DELHI, Nov 9: Czech carmaker Skoda plans to bring more of its global nameplates into the Indian market as it looks to cater to a diverse set of customers, according to a senior company executive. The company, which now sells products in India ranging from over Rs 7 lakh to upwards of Rs 40 lakh, however, has no immediate plans to introduce electric cars in the country. For the next year, the basic portfolio, which is the locally [] The post Skoda looks to drive in more global models into In

VARANASI (UP), Nov 8: Prime Minister Narendra Modi on Saturday flagged off four new Vande Bharat Express trains here from the Banaras railway station. The new Vande Bharat Express trains will operate on the Banaras-Khajuraho, Lucknow-Saharanpur, Firozpur-Delhi and Ernakulam-Bengaluru routes. The semi-high-speed trains will significantly reduce travel time between major stations, enhance regional mobility, promote tourism and support economic activity across the country, according to an official

NEW DELHI, Nov 7: Automobile retail sales across the domestic market witnessed a 21 per cent year-on-year increase in the 42-day festive season led by record registrations of passenger vehicles and two-wheelers aided by GST rejig enabled drop in prices across segments, dealer body FADA said on Friday. Overall retail sales rose to 52,38,401 units in the festive period this year as compared with 43,25,632 units in the same period last year, registering an increase of 21 per cent. [] The post Auto

New Delhi, Nov 4: The Congress on Tuesday said a bill introduced in the US Senate proposing a 25 per cent tax on any American person making an outsourcing payment will light a fire in the Indian economy if it becomes a reality. The opposition party said the bill reflects a growing mindset in the US that while blue-collar jobs were lost to China, white-collar jobs should not be lost to India. Congress general secretary in-charge communications Jairam Ramesh made [] The post If HIRE Bill In US Bec

Jammu, Oct 29: A high-level team from Ministry of Civil Aviation and Airports Authority of India (AAI) on Wednesday reviewed the proposal to expand the Kishtwar airport under UDAN scheme. The team visited the proposed site to carry out a ground-level assessment of the area and feasibility of expansion. They also held meetings with local officials. A five-member high-level special team deputed by Ministry of Civil Aviation, Government of India, and AAI arrived in Kishtwar. They evaluated the stat

NEW DELHI, Oct 23: Solar solutions provider Vikram Solar on Thursday said it has secured an order of 148.9 MW high-efficiency solar modules from Sunsure Energy. The modules, rated at 595 Wp, will be deployed across Maharashtra and Uttar Pradesh, a company statement said. Under this contract, Vikram Solar will supply its advanced M10R N-Type TOPCon modules to Sunsure. India recently crossing the 125 GW renewable energy capacity mark is a powerful reminder of the momentum weve built on our [] The

HONG KONG, Oct 20: Chinas economy expanded at the slowest annual pace in a year in July- September, growing 4.8 per cent, weighed down by trade tensions with the United States and slack domestic demand. The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2 per cent pace of growth in the previous quarter, the government said in a report Monday. In January-September, the worlds second largest economy grew [] The post Chinas economy slows t

* Release SGST refund of traders: Arun Excelsior Correspondent JAMMU, Oct 18: Chamber of Commerce and Industry (CCI) Jammu today said that Chief Ministers decision to restore the age-old historic tradition of the Darbar Move will immensely strengthen the brotherhood and harmony between the two regions boost the economy and business of both the regions. In a press statement here today CCI president Arun Gupta requested the Chief Minister to immediately release the SGST refund as withholding of SG

NEW DELHI, Oct 11: Private equity investments in Indian real estate dropped 15 per cent in July-September to USD 819 million amid global uncertainties, according to property consultant Anarock. The private equity (PE) inflow stood at USD 967 million in the year-ago period. During April-September period of the 2025-26 fiscal, the PE investments fell 15 per cent to USD 2.2 billion from USD 2.6 billion in the corresponding period of the preceding financial year, as per the data by [] The post PE i

NEW DELHI, Oct 8 : Indias space economy is projected to reach about $44 billion by 2033, Union Minister of State for Science and Technology Dr. Jitendra Singh said, underlining that landmark reforms and private sector participation are powering the countrys emergence as a global space player. The summit brought together key stakeholders from government, industry, and academia to deliberate on the future of satellite communications in Indias digital growth story. Dr. Jitendra Singh emphasised tha

Prof K S Chandrasekar vc@clujammu.ac.in Indian economy has increased tenfold in the last three decades and is projected to be the third largest, with an estimated GDP of $7.3 trillion by 2030. Jostling for the same, the economic growth has also led to an unprecedented increase in its annual material consumption, which grew from 1.18 billion tonnes in 1970 to 7 billion tonnes in 2015 and is projected to reach 14.2 billion tonnes by 2030. UN has given SDG long [] The post Circular economy- enablin

Can withstand external shocks NEW DELHI, Oct 3: Finance Minister Nirmala Sitharaman on Friday said the world is facing profound imbalances in trade and energy security, and is undergoing a structural transformation, with India standing out as a stabilising force that can withstand external shocks. Follow the Daily Excelsior channel on WhatsApp Sitharaman said geopolitical conflicts are intensifying, and sanctions and tariffs are reshaping global supply chains. India must continue to remain vigil

NEW DELHI, Oct 3:Finance Minister Nirmala Sitharaman on Friday said Indias capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation. She said the task before nations is not only to manage uncertainty but to confront trade, financial and energy imbalances. Geopolitical conflicts are intensifying. Sanctions, tariffs, and decoupling strategies are reshaping global supply chains For India, these dynamics highlight both vulnerability and

NEW YORK, Oct 2: Private payrolls plunged in September, complicating the picture for the US economy as policymakers and investors struggle to assess the state of the labor market amid a government shutdown. The Bureau of Labor Statistics is unlikely to release the monthly jobs report this Friday due to the closure. That means many flying blind without critical economic data are having to key into any information they can get, including Wednesdays private sector jobs data from payroll company []

INDORE: Sept 29 The recent GST reforms will spur market consumption and boost the domestic economy, Minister of State for Finance Pankaj Chaudhary said on Monday. He said the impact of these reforms will be known in the next four to six months. Chaudhary interacted with businessmen, entrepreneurs, and tax experts in Indore regarding the Goods and Services Tax reforms. The post GST reforms will boost market purchasing and economy: MoS Chaudhary appeared first on Daily Excelsior .

Srinagar, Sep 21: Peoples Democratic Party (PDP) chief Mehbooba Mufti on Sunday described the horticulture sector as the backbone of the Valleys economy and accused the Jammu and Kashmir government of neglecting it. She said her late father and former Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed took bold and effective measures to support the vital sector during his tenure. Mufti Sahib clearly recognised the fruit industry as the backbone of our economy. During his short tenure, he too

Excelsior Correspondent PUNE, Sept 19: Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh has underlined Indias bio-driven future economy and stated that biotechnology will be the key driver of Indias future growth and healthcare solutions, thus ushering in the next industrial revolution. Delivering the inaugural addre

VISAKHAPATNAM, Sept 17: Union Finance Minister Nirmala Sitharaman on Wednesday said the next generation GST reforms will infuse Rs 2 lakh crore into the economy, leaving people with more cash in hand that otherwise would have gone as taxes. Addressing the Outreach and Interaction Program on Next Gen GST Reforms, she also said, following the tax reforms, 99 per cent of goods under the 12 per cent GST slab have moved to five per cent. The rejig has resulted in [] The post GST reforms to inject Rs

Visakhapatnam, Sep 17: Union Finance Minister Nirmala Sitharaman on Wednesday said the Next Gen GST reforms have infused Rs 2 lakh crore into the economy, which has left people with more cash on hand, which otherwise would have gone to taxes. Addressing the Outreach and Interaction Program on Next Gen GST Reforms, she also said, following the tax reforms, 99 per cent of goods under 12 per cent GST slab have moved to five per cent. The rejig has resulted [] The post GST Reforms Injected Rs 2 Lakh

NEW DELHI, Sept 17: Indias exports to the US are falling as high tariffs imposed by the Trump administration have started eroding the price competitiveness of domestic goods in Washington, think tank GTRI said on Wednesday. August shipments to the US plunged to USD 6.7 billion, down 16.3 per cent from July the steepest monthly fall of 2025 as US duties doubled to 50 per cent by months end, it said. In July, exports dipped 3.6 per [] The post Exports to US falling due to high tariffs: GTRI app

SRINAGAR, Sep 15: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Monday flagged off the first cargo parcel train from the valley to Delhi which will provide a cheaper and reliable mode of transportation for perishable goods like fruits to terminal markets of the country. The cargo parcel train was flagged off from Nowgam railway station here and is scheduled to reach Delhi on Tuesday I am thankful to the prime minister as cargo service has been started. Every day [] The post First Cargo Pa

TOKYO, Sept 8: Japans economy expanded at a stronger rate in the fiscal first quarter than previously estimated, despite worries about US tariffs and domestic political uncertainty, according to government data released Monday. The Cabinet Office said Japans real gross domestic product, the sum value of a nations goods and services, grew at a seasonally adjusted 2.2% annualised rate in the April-June quarter from the previous quarter. That was better than the preliminary estimate for 1.0% grow

NEW DELHI, Sept 6 : Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh today said Indias future growth will increasingly depend on building a StartUp linked economy anchored in strong industry partnerships. He was speaking after launching the Chandigarh University Campus Tank, which he described as the first-of-its-kin

Ada Aggarwal The Hard Truth The old definition of success luxury vehicles, large houses, and too much stuff is falling apart. Everywhere in the world, people are waking up to an irreversible economic shift. Value is no longer in ownership. It is an experience. We dont exist in a goods economy anymore. We exist in an experience economy where memory, story, and emotion dictate what people buy and why they buy it. And if youre building a business, a career, [] The post The Experience Economy appear

KOLKATA, Sept 5: Small tea growers (STGs) of the country have sought that the government should introduce a minimum sustainable price (MSP) for green tea leaves for the operations to become sustainable in terms of income and competitiveness. A delegation of small tea growers, which met the officials of the Union commerce ministry recently, said that Indias almost 2.5 lakh small tea growers contribute to more than 50 per cent of total crop produced in the country. The STGs have [] The post Small

NEW DELHI, Sep 3: Highlighting the devastating impact of the Pahalgam terror attack on the economy of Jammu and Kashmir, Chief Minister Omar Abdullah on Wednesday) sought the Centres support to deal with the situation. The Union Territory (UT) was facing a severe fiscal crisis as its public revenues had collapsed in the aftermath of the April 22 terror attack in which 26 people were killed, he said. Mr. Abdullah, who also holds the finance portfolio, told the 56th GST [] The post GST Council Mee