To clear Rs 14,000 cr dues to farmers, govt wants mills to export 4 mn t su...
New Delhi – Aiming to clear cane arrears worth about Rs 14,000 crore to farmers, the Centre today directed cash-starved mills to compulsorily export 4 million tonnes of sugar in the 2015-16 marketing year, beginning next month. Industry body ISMA, however, said market sentiments should... read more »
Uber’s China rival Didi Kuaidi may join Ola fundraising
MUMBAI: The Uber vs Ola war is about to get more intense, and maybe even spill beyond the streets of India. Didi Kuaidi, China’s largest taxi-aggregator app, which is backed by Alibaba, the internet behemoth, is learnt to be investing in homegrown Ola, giving both players greater firepower... read more »
RBI’s job is to keep inflation low at all times, says Rajan
MUMBAI: Despite the clamour for a rate cut to boost the stagnating economy, Reserve Bank governor Raghuram Rajan has made it clear that the central bank favours a rate of interest that benefits both borrowers and savers. “For the RBI, the key tasks are to keep inflation low not just today... read more »
NTPC, 10 others in fray for subsidy on LNG for power plants
NEW DELHI: As many as 11 bidders including NTPC are in the fray on Wednesday for the Rs 298 crore government subsidy on offer for plants receiving inadequate domestic natural gas. The power plants can use the subsidy support from the government to buy expensive imported LNG to make up for the... read more »
