COVID-19 likely to alter consumer behaviour permanently: Survey
New Delhi: A survey has said that the COVID-19 pandemic is likely to alter the consumer behaviour permanently and cause lasting structural changes to the consumer goods and retail industries. The demand for local goods and brands is growing as consumers are hesitant to step out of their safety zones to resume previous consumption patterns, […]
Working on idea of land bank, social microfinance institution to help small businesses: Gadkari
New Delhi: Union Minister Nitin Gadkari on Monday said the government is working on the idea of a land bank and a social microfinance institution to help people run small shops and businesses. Addressing a virtual MSME conclave organised by the FICCI Karnataka State Council, the minister also said there is a need to think […]
Govt looks at mixing biogas with natural gas
New Delhi: The government is looking at blending biogas with natural gas to boost domestic availability of biofuels and cut reliance on imports, Oil Secretary Tarun Kapoor said on Monday. “The gas distribution sector is expanding fast and some percentage has to come from bio sources. They cannot be completely (dependent) on LNG or domestic […]
PM launches Rs 1 lakh cr financing facility under Agri-Infra Fund
New Delhi: Asserting that the government’s agri-reforms are focussed on empowering small farmers, Prime Minister Narendra Modi on Sunday launched a financing facility of Rs 1 lakh crore under the Agri-Infra Fund that will help create post-harvest infrastructure in villages and generate jobs. He also said the country does not face problems in farm production […]
CAIT launches ‘China Quit India’ campaign to boycott Chinese goods
New Delhi: On the anniversary of Quit India Movement, the Confederation of all India Traders (CAIT) on Sunday launched a campaign ‘China Quit India’ to boycott Chinese goods, while its members held protests across 600 places across the country. The trader’s body said there is an urgent need to check “China’s growing footsteps in India […]
Rs 68K cr of loans released under discoms liquidity package
New Delhi: As much as Rs 68,000 crore worth of loans under Rs 90,000 liquidity package announced for the stressed power distribution utilities have been sanctioned so far which is expected to create buoyancy in the sector. Finance Minister Nirmala Sitharaman in May announced the Rs 90,000 crore liquidity infusion into cash-strapped discoms, facing demand […]
Defence reforms to steer India towards ‘Atmanirbhar Bharat’, boost indigenous production: Industry
New Delhi: India Inc on Sunday said the Centre’s decision to impose restrictions on import of 101 weapons and military platforms, and creation of a separate budget for domestic capital procurement in the current financial year is a ‘path-breaking’ reform towards becoming self-reliant and will boost indigenous defence manufacturing. In a major reform initiative to […]
Gadkari exhorts industry to identify sectors to boost exports, make India ‘self-reliant’
New Delhi: To boost ‘self-reliant India’ endeavour, Union minister Nitin Gadkari on Saturday urged the industry to identify the sectors heavily reliant on imports, particularly from China, and look for substitutes towards indigenous production to make India a super power. Asserting that a case study is in the offing based on three years of imports […]
Centre releases Rs 553 cr to states for agricultural mechanization
New Delhi: The Centre has released Rs 553 crore to states under a scheme to promote mechanization in the agriculture sector. The Sub-Mission on Agricultural Mechanization (SMAM) was launched in April 2014 with an aim to have inclusive growth of farm mechanization to boost productivity. “In the year 2020-21, budget of Rs 1,033 crore has […]
In-city warehousing demand may rise as e-commerce firms target same-day delivery
New Delhi: The demand for small warehouses within city limits is expected to rise over the next one year as e-commerce firms are targeting to ensure same-day deliveries of food and groceries items to customers, according to a report. The demand is likely to be for warehousing of 5000-10,000 sq ft size, property consultant Colliers […]
