Govt grants exporters relief on export obligations amid West Asia crisis

Under Export Promotion Capital Goods (EPCG) scheme, domestic firms are allowed to import duty-free machines but they have to meet certain export obligations against that   The government has granted certain relaxations to exporters in fulfilling their export obligations, as the trading community is facing difficulties in the movement of goods due to the ongoing…

Silver price crosses Rs 2 lakh mark for first time, here’s the outlook and risks ahead

Silver rates hit a record high of Rs 2,00,362 per kg on the MCX today rising Rs 1420 against the previous close of Rs 1,98,942.  Prices of silver crossed the Rs 2 lakh per kg mark on MCX for the first time ever tracking the broader uptrend in precious metals. Silver rates hit a record…

India energy giants back nuclear power to boost clean electricity output

Atomic  power is witnessing a revival globally due to its ability to deliver low-emissions energy “Nuclear can’t just be a fashion statement,” Praveer Sinha, chief executive officer at Tata Power Co., said at the BNEF Summit in New Delhi. “It needs to replace coal-based power as a source of affordable power.” India’s top energy firms…

Unified Investor App: NSDL, CDSL launch app with Sebi to help investors in managing portfolios

NSDL and CDSL, in partnership with SEBI, have introduced the Unified Investor Platform mobile app for investors to effectively oversee their portfolios in the capital markets.   The National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), in collaboration with the Securities and Exchange Board of India (SEBI), have launched the Unified Investor…