More than a year after a draft bill to amend the Arbitration & Conciliation Act was circulated for stakeholder comments, the law and justice ministry is set to introduce changes to the law in the upcoming winter session of parliament starting on 1 December. This would be the fourth major amendment of the 1996 law,…
The ministry of new and renewable energy had earlier estimated in its Energy Storage Systems Overview a demand of about 2.3 TWh: 540 GWh from pumped-storage plants and 1,840 GWh from battery energy storage services. The ministry of heavy industries (MHI) is overseeing the development of the ambitious plan in consultation with the ministries of…
The announcement follows the department of telecommunications (DoT), through its wireless planning and coordination (WPC) wing, taking charge of the Airtel-BSNL signal interference matter, with officials saying the issue is under active supervision and moving toward a workable technical solution. “The interference observed at a few Airtel sites in the Rajasthan circle is in no…
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Though the challenge of monetising audio remains tougher than video, it can be eased by offering small packs and exclusive content, experts said. Over the past few years, music labels in India have grappled with the shutdown of multiple streaming platforms, including Airtel’s Wynk, ByteDance’s Resso and Hungama Music, which failed to crack the paid…
Aimed at improving cross-border payments, this is one of the first major tie-ups for UPI outside Asia. It also marks the biggest payments partnership so far between two central banks, and is expected to pave the way for more cross-border collaboration, faster and cheaper international payments, and more use cases for both retail and commercial…
What is India’s current food grain storage capacity? The total food grain storage capacity in India—in both the public and private sectors—is about 87 million metric tonnes, with facilities concentrated primarily in the north and west. India uses two types of food grain storage systems: covered storage such as traditional godowns and modern silos and…
The wide gap is due to the fact that three-wheelers are, for a variety of reasons, far more amenable to the switch than two- and four-wheelers. Huge investments in electric three-wheelers have also led to near price parity with their fossil-fuel cousins, especially when factoring in their lower operating and maintenance costs. Mint explains the…
Entertainment industry experts say many viewers now spend over 16 minutes just scrolling, as basic recommendation engines and star-driven marketing push the same big-ticket titles to the top. Compared to global markets, there is an urgent need to develop better AI-driven tools and allow for language-based decision-making among other features because discoverability issues can easily…
New Delhi/Moscow: India’s Russian oil imports are set to hit their lowest in at least three years in December, down from multi-month highs in November, as refiners turned to alternatives to avoid breaching Western sanctions, trade and refining sources said. Britain, the European Union and the United States have tightened sanctions on Moscow over the…