On a sultry summer forenoon, an orchard is still a balmy place to be at. Late May, the fields are abuzz. Contractors and traders supervise workers including underage children, as they scale giant trees, some as tall as 20m, to pluck ripe, crimson-red fruits. These are carried as head loads to another group, mostly women,…
The Centre has begun the groundwork for launching a National Cotton Productivity Mission, with discussions underway to chart out a strategy focused on crop diversification, yield improvement, introduction of new seed varieties, and promoting mechanised farming, two officials said. These measures are aimed at revitalising India’s cotton economy amid inconsistent yields. India’s cotton output dropped from…
In a major boost to India’s capabilities in polar and ocean research, the country is set to build its first polar research vessel (PRV). Kolkata-based Garden Reach Shipbuilders and Engineers Ltd (GRSE) and Norway-based Kongsberg signed a memorandum of understanding in Oslo on Tuesday paving the way for India to build the vehicle. GRSE, which…
The Reserve Bank of India (RBI) on Tuesday, 3 June 2025, announced that the central bank has collaborated with Jio Hotstar to launch a five-part documentary series which aims to shed some light on the inner workings of India’s banking regulator. In an official announcement, the Reserve Bank of India said that the documentary series…
New Delhi: Digital payment fraud data revealed in Parliament this year is “not alarming” and should not be conflated with other types of banking fraud that do not affect the public, a person informed about the finance ministry’s record of such cases said on Monday, after an opposition party’s social media post. This person cited…
State-run Canara Bank has announced the complete waiver of the average monthly balance (AMB) requirement across all savings bank account types, including savings accounts, salary accounts, NRI savings accounts and others. Hence, no penalty will be charged for not maintaining the minimum balance requirement for all savings accounts from June 1, 2025 onwards. What is…
The credit growth of banks declined to 9.8 per cent in May 2025 from 19.5 per cent during the same period the previous year, according to a report by the State Bank of India (SBI), indicating a slowdown in lending activities across the country. “Scheduled commercial banks‘ (SCBs) credit growth slowed to 9.8 per cent…
The Directorate General of Civil Aviation on Friday granted budget carrier IndiGo a three-month extension, allowing the company to continue its partnership with Turkish Airlines for the period. In its order, the DGCA clarified that the three-month extension has been granted to IndiGo for damp leasing two Boeing 777 planes from Turkish Airlines for ‘one…
For BSNL, employee costs are a key factor as these accounted for over 34% of its ₹20,841 crore revenue from operations in FY25. A decline here supports its profit. In FY25, the company moved ₹1,042 crore of its employee expenses towards ‘Capital Work-in-Progress’ (CWIP), much higher than ₹114 crore in FY24 and ₹57.5 crore in…
The Institute of Chartered Accountants of India (ICAI) will review fraud-hit IndusInd Bank’s financial statements for 2023-24 and 2024-25. The institute’s Financial Reporting Review Board (FRRB) will carry out the review. “It has been decided in the FRRB Board meeting today that FRRB of ICAI will undertake the review of the financial statements and the…