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IndiaTV Business: Google News Feed: Digest for August 30, 2023

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The government is considering a proposal to include electric vehicles (EVs) in the priority sector lending category, a senior official said on Saturday. "The government has received a representation to include EVs in the priority sector. RBI will look at reworking the priority sector lending requirements for banks," the official said.
President Droupadi Murmu will inaugurate the National Smart City Convention in Indore on September 27. Organised by the Union Housing and Urban Affairs Ministry, the convention will see at least 2,000 delegates from 100 smart cities take part.
Non-banking finance companies (NBFCs) have been consistently growing since the second half of FY22, coinciding with the phased reopening of the economy since the Covid pandemic. This growth momentum further accelerated in FY23 and in the first quarter of FY24, with NBFCs seeing a remarkable change in their asset base.
Foreign direct investment (FDI) into India declined 34 per cent to USD 10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at USD 16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to USD 9.28 billion.
The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice. In a statement on Sunday, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below USD 1,200 per tonne.
Bank Holidays September 2023: Banks will be closed for 16 days in September due to national and regional holidays. Banks in some states will be closed once a year in Sri Krishna Janmashtami, Ganesh Chaturthi, Maharaja Hari Singh Ji and in September in Hari Raya. If you are planning to go to the bank this month, be sure to check your bank's holiday hours to avoid any problems. Online banking services and ATMs across the country will operate daily.
The Board of Directors of Reliance Industries Limited accepted the resignation of Nita Ambani from the board on Monday. She wanted to devote her energies and time to guide and enable Reliance Foundation 'to make an even greater impact for India'.
Reliance AGM 2023: Reliance Industries chairman Mukesh Ambani on Monday set the succession plan in motion, appointing his daughter and two sons -- Isha, Akash, and Anant Ambani -- to the board of the company.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The government is considering a proposal to include electric vehicles (EVs) in the priority sector lending category, a senior official said on Saturday. "The government has received a representation to include EVs in the priority sector. RBI will look at reworking the priority sector lending requirements for banks," the official said.
President Droupadi Murmu will inaugurate the National Smart City Convention in Indore on September 27. Organised by the Union Housing and Urban Affairs Ministry, the convention will see at least 2,000 delegates from 100 smart cities take part.
Non-banking finance companies (NBFCs) have been consistently growing since the second half of FY22, coinciding with the phased reopening of the economy since the Covid pandemic. This growth momentum further accelerated in FY23 and in the first quarter of FY24, with NBFCs seeing a remarkable change in their asset base.
Foreign direct investment (FDI) into India declined 34 per cent to USD 10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at USD 16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to USD 9.28 billion.
The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice. In a statement on Sunday, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below USD 1,200 per tonne.
Bank Holidays September 2023: Banks will be closed for 16 days in September due to national and regional holidays. Banks in some states will be closed once a year in Sri Krishna Janmashtami, Ganesh Chaturthi, Maharaja Hari Singh Ji and in September in Hari Raya. If you are planning to go to the bank this month, be sure to check your bank's holiday hours to avoid any problems. Online banking services and ATMs across the country will operate daily.
The Board of Directors of Reliance Industries Limited accepted the resignation of Nita Ambani from the board on Monday. She wanted to devote her energies and time to guide and enable Reliance Foundation 'to make an even greater impact for India'.
Reliance AGM 2023: Reliance Industries chairman Mukesh Ambani on Monday set the succession plan in motion, appointing his daughter and two sons -- Isha, Akash, and Anant Ambani -- to the board of the company.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
President Droupadi Murmu will inaugurate the National Smart City Convention in Indore on September 27. Organised by the Union Housing and Urban Affairs Ministry, the convention will see at least 2,000 delegates from 100 smart cities take part.
Non-banking finance companies (NBFCs) have been consistently growing since the second half of FY22, coinciding with the phased reopening of the economy since the Covid pandemic. This growth momentum further accelerated in FY23 and in the first quarter of FY24, with NBFCs seeing a remarkable change in their asset base.
Foreign direct investment (FDI) into India declined 34 per cent to USD 10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at USD 16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to USD 9.28 billion.
The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice. In a statement on Sunday, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below USD 1,200 per tonne.
Bank Holidays September 2023: Banks will be closed for 16 days in September due to national and regional holidays. Banks in some states will be closed once a year in Sri Krishna Janmashtami, Ganesh Chaturthi, Maharaja Hari Singh Ji and in September in Hari Raya. If you are planning to go to the bank this month, be sure to check your bank's holiday hours to avoid any problems. Online banking services and ATMs across the country will operate daily.
The Board of Directors of Reliance Industries Limited accepted the resignation of Nita Ambani from the board on Monday. She wanted to devote her energies and time to guide and enable Reliance Foundation 'to make an even greater impact for India'.
Reliance AGM 2023: Reliance Industries chairman Mukesh Ambani on Monday set the succession plan in motion, appointing his daughter and two sons -- Isha, Akash, and Anant Ambani -- to the board of the company.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The prices of LPG cylinders are likely to be slashed by Rs 200, said sources on Tuesday. The Centre may announce the cut in the price in the next 24 hours, added sources. It's good news for the middle class as the prices of almost all essential items have remained high for the past few months. The cut in LPG price will give a big relief to people. The current price of a 14-kg LGP cylinder is around Rs 1,100.
Non-banking finance companies (NBFCs) have been consistently growing since the second half of FY22, coinciding with the phased reopening of the economy since the Covid pandemic. This growth momentum further accelerated in FY23 and in the first quarter of FY24, with NBFCs seeing a remarkable change in their asset base.
Foreign direct investment (FDI) into India declined 34 per cent to USD 10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at USD 16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to USD 9.28 billion.
The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice. In a statement on Sunday, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below USD 1,200 per tonne.
Bank Holidays September 2023: Banks will be closed for 16 days in September due to national and regional holidays. Banks in some states will be closed once a year in Sri Krishna Janmashtami, Ganesh Chaturthi, Maharaja Hari Singh Ji and in September in Hari Raya. If you are planning to go to the bank this month, be sure to check your bank's holiday hours to avoid any problems. Online banking services and ATMs across the country will operate daily.
The Board of Directors of Reliance Industries Limited accepted the resignation of Nita Ambani from the board on Monday. She wanted to devote her energies and time to guide and enable Reliance Foundation 'to make an even greater impact for India'.
Reliance AGM 2023: Reliance Industries chairman Mukesh Ambani on Monday set the succession plan in motion, appointing his daughter and two sons -- Isha, Akash, and Anant Ambani -- to the board of the company.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The prices of LPG cylinders are likely to be slashed by Rs 200, said sources on Tuesday. The Centre may announce the cut in the price in the next 24 hours, added sources. It's good news for the middle class as the prices of almost all essential items have remained high for the past few months. The cut in LPG price will give a big relief to people. The current price of a 14-kg LGP cylinder is around Rs 1,100.
The Union Cabinet on Tuesday gave a nod to an additional subsidy of Rs 200 per LPG cylinder under the Ujjwala scheme. With this, the total subsidy will be Rs 400 per cylinder for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries. 
Non-banking finance companies (NBFCs) have been consistently growing since the second half of FY22, coinciding with the phased reopening of the economy since the Covid pandemic. This growth momentum further accelerated in FY23 and in the first quarter of FY24, with NBFCs seeing a remarkable change in their asset base.
Foreign direct investment (FDI) into India declined 34 per cent to USD 10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at USD 16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to USD 9.28 billion.
The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice. In a statement on Sunday, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below USD 1,200 per tonne.
Bank Holidays September 2023: Banks will be closed for 16 days in September due to national and regional holidays. Banks in some states will be closed once a year in Sri Krishna Janmashtami, Ganesh Chaturthi, Maharaja Hari Singh Ji and in September in Hari Raya. If you are planning to go to the bank this month, be sure to check your bank's holiday hours to avoid any problems. Online banking services and ATMs across the country will operate daily.
The Board of Directors of Reliance Industries Limited accepted the resignation of Nita Ambani from the board on Monday. She wanted to devote her energies and time to guide and enable Reliance Foundation 'to make an even greater impact for India'.
Reliance AGM 2023: Reliance Industries chairman Mukesh Ambani on Monday set the succession plan in motion, appointing his daughter and two sons -- Isha, Akash, and Anant Ambani -- to the board of the company.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The prices of LPG cylinders are likely to be slashed by Rs 200, said sources on Tuesday. The Centre may announce the cut in the price in the next 24 hours, added sources. It's good news for the middle class as the prices of almost all essential items have remained high for the past few months. The cut in LPG price will give a big relief to people. The current price of a 14-kg LGP cylinder is around Rs 1,100.
The Union Cabinet on Tuesday gave a nod to an additional subsidy of Rs 200 per LPG cylinder under the Ujjwala scheme. With this, the total subsidy will be Rs 400 per cylinder for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries. 
Foreign direct investment (FDI) into India declined 34 per cent to USD 10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at USD 16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to USD 9.28 billion.
The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice. In a statement on Sunday, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below USD 1,200 per tonne.
Bank Holidays September 2023: Banks will be closed for 16 days in September due to national and regional holidays. Banks in some states will be closed once a year in Sri Krishna Janmashtami, Ganesh Chaturthi, Maharaja Hari Singh Ji and in September in Hari Raya. If you are planning to go to the bank this month, be sure to check your bank's holiday hours to avoid any problems. Online banking services and ATMs across the country will operate daily.
The Board of Directors of Reliance Industries Limited accepted the resignation of Nita Ambani from the board on Monday. She wanted to devote her energies and time to guide and enable Reliance Foundation 'to make an even greater impact for India'.
Reliance AGM 2023: Reliance Industries chairman Mukesh Ambani on Monday set the succession plan in motion, appointing his daughter and two sons -- Isha, Akash, and Anant Ambani -- to the board of the company.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The prices of LPG cylinders are likely to be slashed by Rs 200, said sources on Tuesday. The Centre may announce the cut in the price in the next 24 hours, added sources. It's good news for the middle class as the prices of almost all essential items have remained high for the past few months. The cut in LPG price will give a big relief to people. The current price of a 14-kg LGP cylinder is around Rs 1,100.
The Union Cabinet on Tuesday gave a nod to an additional subsidy of Rs 200 per LPG cylinder under the Ujjwala scheme. With this, the total subsidy will be Rs 400 per cylinder for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries. 
Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services and will not be required to maintain a minimum balance. Customers will be charged Rs 150 per month or the discounted Rs 1,650 per year for what has been christened as 'Infinity Savings Account' by the third largest private sector lender.
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