Business News Highlights: Markets To Clock Global Trends, Domestic Data, Investors Sentiment In The Week
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PM Modi Announces Infra Projects Worth Over Rs 4,500 Crore In West Bengal
Govt Announces Subsidy Of Rs 100 For Cooking Gas, Applicable For FY25
PM Narendra Modi announced a subsidy of Rs 100 on LPG cylinders on Friday. Sharing his decision on X, he said, "By making cooking gas more affordable, we also aim to support the well-being of families and ensure a healthier environment. This is in line with our commitment to empowering women and ensuring ‘Ease of Living’ for them." Union Minister Hardeep Singh Puri further informed on Saturday that the subsidy extension will be applicable for 2024-25.
India Logs Over 6 Per Cent Increase In Solar Capacity Addition In 2023
India clocked a rise in open access solar capacity by 6.66 per cent in 2023 at 3.2 gigawatt (GW), helped by factors like reduced module cost, a report by Mercom Capital revealed. The report stated that cumulative installed solar capacity touched 12.2 GW in December 2023 and the open access solar capacity addition stood at 3 GW in 2022.
India, EFTA To Finalise Trade Pact Tomorrow
India and the European bloc (EFTA), made up of Norway, Switzerland, Iceland, and Liechtenstein, finalised negotiations for the free trade agreement and are all set to sign the pact tomorrow. The discussions around the trade pact, titled, the Trade and Economic Partnership Agreement (TEPA), have been going on since January 2008.
PM Modi Launches Developmental Projects In Assam
Prime Minister Narendra Modi launched developmental projects worth Rs 17,500 crore in Assam, to strengthen the health, oil and gas, railway, and housing sectors in the state.
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