New Delhi: The government has relaxed the universal implementation of the flue-gas desulphurization (FGD) systems at coal-based power plants across the country, in a move that is likely to lower electricity prices. A 12 July notification from the Union ministry of environment, forest and climate change (MoEF&CC) said thermal power plants outside a 10km radius…
Exports of white onion flakes increased nearly 27% from $178 million in 2023-24 to $226.5 million in 2024-25, show data from the Agricultural and Processed Food Products Export Development Authority. In terms of volume, the exports increased 14% from 96,319 tonnes in FY24 to 109,927 tonnes in FY25. Moringa powder exports increased from $16 million…
The plan is to get domestic companies to provide insurance cover to Indian ships, which now depend on global clubs for securing ships and cargoes, the secretary said in an interview. The need for an India-focused P&I entity has also been felt to reduce the country’s vulnerability to international sanctions and pressures where insurance coverage…
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The Supreme Court’s direction to the Karnataka government to ensure the release of Kamal Haasan-starrer Thug Life, while expressing concerns over ‘extra-judicial’ bans, reinforces the freedom and expression and the theatres’ right to screen controversial films. But cinemas still hesitate to release such movies unless law enforcement agencies provide effective protection, according to experts. “The Supreme…
The Government of India, in its official social media account for Fact-checking, shared a post dismissing a message circulating over WhatsApp that claims that the Reserve Bank of India (RBI) has asked banks across the nation to stop disbursing ₹500 notes from ATMs by September 2025. The government announced that the country’s central bank has…
There are now 6,022 superyachts in operation worldwide, according to a 2025 report from the SuperYacht Times. That includes the likes of Amazon founder Jeff Bezos’ Koru, a 417-foot-long vessel costing a reported $500 million, and Bill Gates’ Breakthrough, a 390-foot boat that the SuperYacht Times said is the first to be equipped with hydrogen…
Bank holidays next week, July 13-20: There are a number of holidays for banks across different states in India during the next week, including for Beh Deinkhlam, Harela celebrations, the death anniversary of U Tirot Singh, Ker Puja, and weekly offs. Notably, the second and fourth Saturdays and all Sundays are weekly holidays for all…
Companies with low credit risk, usually rated ‘A’ or higher, raise money via bonds in two ways. A private placement open to select institutional or wealthy investors, which is the dominant mode of raising debt for Indian corporates. The other way is an initial public offering for all debt investors, a less preferred funding option….
Participating interest means, in respect of each party constituting the contractor, the undivided share expressed as a percentage of such party’s participation in the rights and obligations under the contract. Under the current contractual provisions of production sharing contracts (PSC), revenue sharing contracts (RSCs), discovered small fields (DSF) and coal bed methane (CBM), any participating…