India’s mining and metals sector needs a fresh look at environmental compliance norms as rising exploration costs and depletion of high-grade mineral reserves create new pressures for the industry, experts said on Thursday, PTI reported.The sector, which is estimated to account for up to 7 per cent of global greenhouse gas emissions, currently requires environmental…
Weeks of conflict have worsened Iran’s economic pressures, deepening strain on its financial system even as the Islamic Republic continues to function under a standoff in the Gulf following a truce and ongoing maritime restrictions.The situation has left Iran in a stalemate with the United States and Israel, with ceasefire talks stalled while key Gulf…
NEW DELHI: An increase in petrol and diesel prices in the near future is not ruled out, government sources said on Friday, as losses mount from a four-year-old freeze in retail rates despite the sharp rise in global crude oil prices. International crude oil prices this week climbed to a four-year high of USD 126…
Union Minister Nitin Gadkari on Friday announced the rollout of India’s first Multi-Lane Free Flow (MLFF) barrier-less tolling system at the Chorayasi Toll Plaza on the Surat–Bharuch stretch of NH-48 in Gujarat.The new system allows vehicles to pass through toll plazas without stopping, using technologies such as Automatic Number Plate Recognition (ANPR) and FASTag for…
Today, India has a larger share of working people than it did a decade ago. On paper, that sounds like progress but in reality but wait till you look deeper.Jobs and unemployment are not just economic terms; they shape everyday life. They are the parameters that influence conversations at home, college choices, election rallies, office…
NEW DELHI: Government on Friday increased the price Aviation Turbine Fuel for international airlines by 5 per cent.This is the second straight monthly rise amid the global energy crisis.However, there is no change in the ATF price for domestic airlines.ATF prices have been increased by USD 76.55 per kilolitre, or 5.33 per cent, to USD…
GST collections (AI image) GST collections: The gross Goods and Services Tax (GST) collections touched a new high in April, reflecting continued strength in economic activity even in the midst of the ongoing Middle East conflict.According to government data released on Friday, gross GST revenue for the month reached a record Rs 2.43 lakh crore,…
Air India currently operates about 1,100 daily flights. With Aviation Turbine Fuel (ATF) prices surging, Air India is set to reduce its operations by nearly 100 flights a day across both domestic and international networks.The carrier currently operates about 1,100 daily flights. The most significant reductions are expected on routes connecting India with Europe, North…
May 2026 bank holidays: May 2026 brings a packed holiday calendar for banks, with several state-specific closures to affect branch operations across India. While banks will not shut nationwide on every listed date, customers may need to track local holidays before planning cheque deposits, document work, cash transactions or in-person banking visits.Apart from weekly offs…
The windfall tax was introduced to ensure that adequate domestic supplies of petroleum products remain available. (AI image) The windfall tax on exports of diesel and aviation turbine fuel (ATF) has been lowered effective May 1, 2026. The excise duty on petrol and diesel sold in the domestic market will remain unchanged. The levy on…
