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GOVERNMENT FINANCIAL SUPPORT
Govt to bankroll half the cost of deepwater wells, but wants its money back from winnersThe Indian government is initiating the Samudra Manthan scheme to encourage deepwater exploration for hydrocarbons. This scheme will provid...- Cabinet expansion, reshuffle likely in 2-3 days, names finalised: J-K CM advisor Nasir WaniA cabinet expansion and reshuffle in Jammu and Kashmir is anticipated in the coming days. The government aims to balance development with t...
- ‘Come, work and serve in India’: Industry minister Piyush Goyal calls for stronger research ecosystem to attract Indian talent back homePiyush Goyal highlighted the importance of enhancing industry-academia partnerships during his address in Berlin. He emphasized the need fo...
- Govt, export promotion body discuss ways to take engineering exports to $250 bn by 2030Their target is to achieve $250 billion by 2030, reflecting a commitment to enhance competitiveness on a global scale. The engineering sect...
- Target reached, but asset monetisation to continue: DIPAM secretary Arunish Chawla"We have already identified a cluster of 10 national highways, which will provide the underlying capital asset. So, the second public InvIT...
- Government extends deepwater drilling support to previously awarded blocksThe Indian government will provide financial support under the Samudra Manthan scheme for deepwater drilling activities. Recently issued gu...
- "Nothing to fear": Top bureaucrat says IDBI staff, pensioners' service conditions won't change after Fairfax dealThe DIPAM secretary's assurance comes as IDBI Bank employees oppose the government’s divestment plan and have called for a strike across th...
- Hacked phone, alleged $2 billion in accounts and UAE-Saudi links: What Cole’s report claims about Trump's son-in-law Jared KushnerJared Kushner has rejected claims in a Vanity Fair excerpt from Matthew Cole's upcoming book. The book alleges that $2 billion was illegall...
- Govt sets rules for Rs 84,084-cr offshore oil hunt, will share deepwater drilling riskThe Indian government will implement the Samudra Manthan scheme to encourage deepwater oil and gas exploration. Funding will cover part of ...
- As IDBI Bank employees call for November 2 and 3 all-India strike, United Forum of Bank Unions extends supportThe United Forum of Bank Unions has rallied behind IDBI employees who are set to strike on November 2 and 3, voicing opposition to the gove...
- NaBFID gets Finance Ministry, RBI nod for national infrastructure project repositoryNaBFID has obtained approvals from the finance ministry and the Reserve Bank of India to establish a national repository. This repository w...
- PSBs step up AI adoption, cyber resilience under EASE₹ise 8.0 reformsPublic sector banks in India are focusing on adopting artificial intelligence and enhancing cyber security measures. They are modernizing t...
- Global Market: BOJ's Himino says Japan inflation near 2% target, signals further rate hikesBank of Japan Deputy Governor Ryozo Himino says underlying inflation is nearing the central bank’s 2% target, while accommodative financial...
- Global Market: ECB sees Euro liquidity support boosting global currency roleEuropean Central Bank Chief Economist Philip Lane stated that stronger euro liquidity facilities can enhance the currency's global role. Mo...
- AI needs $760 billion in annual profit to justify $7 trillion infra investment by 2030: McKinseyWhile new AI businesses, products and services will contribute to returns, a significant share of the value will need to come from companie...
- Ford Foundation donates $158.5 million to protect indigenous communities and ancestral forests across the world, which they call homeIndigenous communities play a vital role in forest protection, yet they often face funding challenges. The Ford Foundation exceeded its fun...
- Global Market: China backs IMF scrutiny of fiscal risks in major economiesChina backed the IMF’s efforts to monitor fiscal risks in major advanced economies and assess global spillover effects. PBOC Governor Pan G...
- Global Market: Japan bond yields fall as US tech selloff fuels safe-haven demandJapanese government bond yields fell as a selloff in US technology stocks triggered demand for safer assets. Prime Minister Sanae Takaichi’...
- India needs policy credibility and continuity to sustain FDI as strong growth alone is not enough, says KIEP expertIndia needs to maintain policy credibility and continuity to sustain foreign investment inflows, as strong economic growth alone may not be...
- Nirmala Sitharaman pitches for public, private capital to build financially sustainable citiesFinance Minister Nirmala Sitharaman highlighted the importance of creating sustainably investable cities in India. She proposed a combinati...
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