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Nirmala Sitharaman, Nirmala

RBI stated that while it has directed banks not to charge excessive rates of interest, it does not directly regulate the rates charged by banks

Supreme Court, SC

The government on Friday announced an increase in the minimum support price (MSP) for copra by up to Rs 420 to Rs 12,100 per quintal for 2025 with a budget outlay of Rs 855 crore.
A decision in this regard was taken by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.
The MSP for 'milling copra' has been increased by Rs 420 to Rs 11,582 per quintal, while for 'ball copra' by Rs 100 to Rs 12,100 per quintal for 2025, Information and Broadcasting Minister Ashwini Vaishnaw told reporters.
The total financial implication would be Rs 855 crore.
Cooperative agencies Nafed and NCCF will be the central nodal agencies for the procurement of copra, he added.

Ashwini Vaishnaw, Ashwini, Vaishnaw

The suspension of bauxite exports by Guinea in Oct'24 has tightened the alumina market

The shares of aluminium manufacturers rallied on Monday on the back of a sharp rise in the price of the lightweight metal over the weekend, following China’s announcement that it will withdraw export tax rebate for the commodity.

The shares of aluminium manufacturers rallied on Monday on the back of a sharp rise in the price of the lightweight metal over the weekend, following China's announcement that it will withdraw export tax rebate for the commodity.

After an impressive maiden show, Bihar will on December 19-20 host the second edition of Bihar Business Connect - the global investor summit that looks at boosting industrial and entrepreneurial growth in the state.
The prestigious event, curated by the state's Department of Industries, seeks to showcase Bihar as a vibrant investment destination.
"The inaugural edition in 2023 witnessed participation from over 600 entrepreneurs from India and abroad. Bihar Business Connect 2023 was a landmark initiative. During the two-day summit held last year, a total of 278 investment proposals amounting to Rs 50,530 crore were signed as MoUs, out of which 244 projects worth Rs 38,000 crore have already been implemented on the ground," an official statement said.
This investment has significantly accelerated industrial development in the state and created numerous employment opportunities.
"Considering the success of last year's Bihar Business Connect, the Department of Industries, Government of

Investors must keep 'dry powder ready' for investment in case the markets decline further |

Investors must keep 'dry powder ready' for investment in case the markets decline further | Photo: Shutterstock

India's cotton exports are likely to decline 36.53 per cent in the 2024-25 season, beginning from October 1, to 18 lakh bales due to lower production following shrinking acreage of the crop in the north and Gujarat, Cotton Association of India (CAI) said on Wednesday.
The total exports during the 2023-24 season stood at 28.36 lakh bales, according to CAI data.
"The decline in cotton exports is mainly due to a decline in production following lower acreage this year. The acreage for cotton crop has shrunk 35 per cent in the north cotton growing region (Punjab, Haryana, and Rajasthan) and by 15 per cent in Gujarat. This is going to keep the cotton prices steady compared to the global markets," CAI President Atul Ganatra told PTI.
The total cotton pressing 2023-24 season is estimated at 302.25 lakh bales compared to 327.45 lakh bales in the previous season.
Meanwhile, the total cotton supply till end of November 2024 is estimated at 108.41 lakh bales, comprising the pressing figures of

cotton, fabric, textile industry

Prime Minister Narendra Modi on Wednesday condoled the loss of lives in a boat accident off the Mumbai coast and announced an ex-gratia of Rs 2 lakh for the next of kin of each deceased.
Thirteen persons died and 99 others were rescued after a Navy craft crashed into a ferry off the Mumbai coast on Wednesday, the Navy said.
At about 4 pm, a Navy craft undergoing engine trials lost control and collided with passenger ferry Neel Kamal off Karanja near Mumbai, the Navy said in a statement. The ferry was carrying passengers from the Gateway of India to Elephanta Island, a popular tourist destination.
"The boat mishap in Mumbai is saddening. Condolences to the bereaved families. I pray that the injured recover soon. Those affected are being assisted by the authorities," Modi was quoted as saying by his office in a post on X.
"The Prime Minister has announced an ex-gratia of Rs 2 lakh from PMNRF for the next of kin of each deceased in the boat mishap in Mumbai. The injured would be given

Modi, Narendra Modi

The Trump administration has earmarked clearly three areas on the basis of which it will determine trade negotiations. One clearly is to look at ways to reducing its trade deficit with some countries

trade deficit

Fugitive liquor baron Vijay Mallya questions excess recovery claims, seeks relief from authorities

Indian businessman Vijay Mallya leaves the Royal Courts of Justice in London, Britain February 11, 2020. (REUTERS/File Photo)

People's Democratic Party (PPD) leader Iltija Mufti accused the chief minister Omar Abdullah-led Jammu and Kasmir of cancelling at least 1.5 lakh ration cards.The PDP leader who is a vocal critic of the National Conference government also complained about the power curtailments durin the ongoing winter months.Speaking to reporters here on the "Cancellation of BPL rations cards", Iltija Mufti said, " The new government had in their election manifesto promised to provide 10 kilograms floor and rice for free for every month".The PDP leader asked the ruling National Conference government: "If you cannot provide anything to people, then do not snatch either. You have at least cancelled 1.5 lakh ration cards. Each ration card has at least  6 family members. You are witnessing the number of families getting affected".Iltija Mufti asked the people around, "This is the first day of 'Chillai Kalan' (40-day period of harsh winter in J & K). Is there electricity around?"To which the crowd ...

Iltija Mufti, Iltija

Vice President Jagdeep Dhankhar on Saturday said it was "inconceivable" that the NEP was yet to be implemented in some states, and rued the lack of "pressure" by the academia, intelligentsia and the media on them to do so.
Dhankhar said it was time that people leave behind partisan thinking and prioritise the country's interests. "Let nationalism and the principle of nation first always guide us," he said referring to opposition to the National Education Policy (NEP) by some state governments.
"I am pained and disturbed on two counts -- one, some states have not adopted it. I am sure this is inconceivable on any rational ground. How can this happen? And this happens because academia, intelligentsia, those in journalism they don't generate that pressure," he said while addressing the 5th Global Alumni Meet at the Panjab University here on the theme "Promoting Collaboration for Excellence and Sustainability".
We cannot afford to engage in politics at the cost of nationalism or ...

Jagdeep Dhankar, jagdeep, Vice President, VP

Doctors at AIIMS, Delhi are in the process of developing a low cost antibody-based adaptive cellular therapy for treatment of multiple myeloma, a form of blood cancer.
This kind of therapy is expected to make advanced treatments like CAR-T cell therapies more affordable and accessible for patients in India.
The Chimeric antigen receptor (CAR) T-cell therapy is a form of adaptive cellular therapy in which a patient's T cells are isolated, genetically modified and infused back in the patients body to recognise and kill the cancer cells, said Dr Mayank Singh, Additional Professor in the Department of Medical Oncology at Dr B R Ambedkar Institute Rotary Cancer Hospital, (BRAIRCH), AIIMS here.
It is based on targeting B-cell maturation antigen (BCMA) which helps to target specific tumour antigens which are found cancer cells specially in cases multiple myeloma.
"So the therapy developed by the AIIMS researchers recognises BCMA as a target on multiple myeloma cells to eliminate them," Si

Cancer cells

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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PDP leader Iltija Mufti accuses CM Abdullah of cancelling 150k ration cards

Inconceivable that NEP not implemented in some states: V-P Dhankhar

Aiims in process of making low cost therapy for treating multiple myeloma

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Supreme Court removes 30% interest cap on late credit card bill payments

Cabinet hikes copra MSP by upto Rs 420 to Rs 12,100 per quintal for 2025

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