Aleksandar Vucic steps down as Serbia’s president, eyes prime minister’s post in October election

Serbian President Aleksandar Vucic waves to citizens outside the Presidency of Serbia moments before formally submitting his resignation. Serbian president Aleksandar Vucic resigned on Sunday, ending his second term early and clearing the way for him to contest the October 25 snap parliamentary election as the Serbian Progressive Party’s candidate for prime minister.“I am resigning…

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PLI: Electronics firms got Rs 19k cr

Electronics manufacturers receive Rs 19,091 crore under PLI scheme till June New Delhi: Large-scale electronics manufacturing PLI beneficiaries have received the highest incentives of Rs 19,091 crore under the scheme till June, while the sector has attracted investments of Rs 20,580 crore. Govt launched the PLI schemes in 2020 for 14 sectors, including electronics and…

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NMDC commissions Rs 5.4k cr integrated project in Chhattisgarh

NMDC commissions Rs 5,427-crore iron ore processing, slurry pipeline project in Chhattisgarh HYDERABAD: State-run miner NMDC Ltd has commissioned a Rs 5,427-crore integrated iron ore processing, slurry pipeline and pellet-making project in Chhattisgarh’s Bastar region, marking a major addition to its value-chain operations between Bacheli and Nagarnar. The project comprises a new iron ore processing…

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Exempted PF trusts get more options for investment

Exempted establishments get wider debt investment options under new govt rules NEW DELHI: Bringing parity with the establishments covered directly by the Employees Provident Fund Organisation (EPFO), govt has widened the debt investment options for exempted establishments by permitting investment in rupee-denominated bonds issued by four major global financial institutions, provided they have a minimum…

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