The World Gold Council wants gold classified as a strategic mineral MUMBAI: World Gold Council has come out with a 21-year plan to substantially improve the gold ecosystem in India. The plan, christened Swarnim Udaan and aligned with govt’s Viksit Bharat 2047 vision, aims to build on the strengths that have long distinguished India globally…
MUMBAI: Govt on Tuesday opted to sell an additional 4% in LIC in the ongoing offer for sale (OFS) for the life insurance major as the issue was subscribed 3.3 times on the opening day. Including the green shoe option that takes the total offer size to 82.2 crore shares, govt is expected to mop…
MUMBAI: India’s payment industry has long been calling for higher subsidies or a controlled introduction of merchant discount rate (MDR) to recover transaction costs. The decision to allow MDR or higher value business payments will help to turn many business models sustainable and thereby increase competition in an industry that is currently a near duopoly…
NEW DELHI: Indian cargo ship MSV Faize Noore Oliya was hit by a projectile in Red Sea off Yemen Tuesday, causing the vessel to capsize and sink, shipping minister Sarbananda Sonowal said, adding all 14 seafarers, including 13 Indian nationals, have been rescued.India condemned this “unprovoked attack on the defenceless mechanised sailing vessel” and said…
NEW DELHI: Dismissing reports of fuel quality issues at outlets, govt Tuesday said additional checks have been introduced by oil marketing companies (OMCs) to detect fuel contamination and adulteration.In a post on X, the petroleum ministry said OMCs were regularly monitoring fuel quality, water ingress and contamination, and that only two cases of chloride contamination…
NEW DELHI: Auto industry body SIAM flagged concerns over “high chloride” presence and moisture content in fuel resulting in a “huge increase” in issues related to vehicle parts and replacements, including fuel pumps, fuel injectors and EGR valve. It demanded stringent checks, arguing that contamination raises a wrong impression about E20 fuel in customers’ minds,…
FILE PHOTO_ The logo of Meta at the Meta Lab in Los Angeles NEW DELHI: National Commission for Protection of Child Rights (NCPCR) has taken up the issue of alleged advertisements linked to child sexual exploitative and abuse material (CSAM) with Meta and has instituted an inquiry to determine the facts of the matter.Persons in…
West Bengal government has approved land acquisition for a new railway line. This project aims to improve connectivity to the India-China-Bhutan tri-junction area. The new rail link will boost tourism in the Jhaldhaka-Bindu-Todey Tangta region. Railways and the forest department will conduct a joint survey after the monsoon. This strategically important project was previously stalled…
Supreme Court urged prompt action against cyber fraudsters, while noting a reduction in incidents. Authorities were directed to expedite decisions on a ‘kill switch’ for phones. Monies transferred to mule accounts will be placed on hold by banks. Victims will receive recovered amounts expeditiously after investigations conclude. New directives aim to enhance cyber crime grievance…
Indian woman says monthly expenses can reach ₹2.5 lakh Life abroad often looks exciting on social media, but for most people, the real concern starts much before booking a flight. Can you actually afford to live there? That question is becoming more common as Indians explore opportunities overseas, and posts that break down everyday expenses…