Electronics parts: 5,500cr projects get nod

[ad_1] NEW DELHI: Govt has approved seven projects worth Rs 5,532 crore, out of 249 proposals received under the Electronics Components Manufacturing Scheme, electronics and IT minister Ashwini Vaishnaw said on Monday. The minister said the production of electronics components from the approved projects is likely to reduce the import bill of around Rs 20,000…

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AGR issue: Government may work on a mega relief package for Vodafone Idea after Supreme Court ruling; Airtel, Tata Tele to also benefit

[ad_1] NEW DELHI: The Supreme Court’s ruling on the telecom AGR matter empowers the Union Cabinet to review the entire gamut of issues related to the recovery of thousands of crores of rupees from the beleaguered Vodafone Idea when it comes to demands of duplicate payments, double counting, interest, and penalty on interest. Estimates put…

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IndianOil to comply with US curbs on Russian oil

[ad_1] NEW DELHI: India’s largest oil refiner and fuel retailer, IndianOil, on Monday said it will comply with international sanctions, without referring to the latest US curbs on Rosneft and Lukoil — two of the largest Russian crude exporters.“We will abide by all sanctions imposed by the international community,” company chairman Arvinder Singh Sahney said…

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India’s rare earth push hits new roadblocks: China curbs key equipment exports; Rs 7,300 cr magnet plan at risk

[ad_1] India’s rare earth push hits new roadblocks (ANI) India’s Rs 7,300 crore plan to boost domestic production of rare earth minerals and magnets could face serious setbacks after China tightened export controls on key machinery and materials used in their processing. The new restrictions threaten to slow India’s drive for self-reliance in producing components…

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EU sanctions on Russia: New opportunities for Indian businesses; bilateral trade up, says IBA

[ad_1] The European Union’s latest package of sanctions on Russia has opened new avenues for Indian businesses to expand trade with Moscow, according to the Moscow-based Indian Business Alliance (IBA).On October 23, the Council of the European Union adopted its 19th round of restrictive measures targeting key Russian sectors—including energy, finance, and defense — in…

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