Every million-plus city should be required to prepare a statutory 20-year City Spatial and Economic Plan, updated every five years, with three non-negotiable elements — a transport network plan, a housing supply plan with annual unit targets, and a land-value
The pact aims to enhance operational efficiency, enable faster execution of offshore projects, and create stronger synergies between India’s largest oil and gas producer and the nation’s biggest and most valuable company who have adjacent fields and operations particularly off
The power ministry proposed phasing out the monopoly in the distribution sector by allowing multiple players in the same supply area, apart from promoting public private partnership and listing distribution utilities. Photograph: Mukesh Gupta/Reuters Key Points Tariffs are still not
GSP concessions allowed Indian exporters to ship at less than MFN (most favoured nation) tariffs to EU markets. Now, concessions are suspended for 87 per cent value of Indian goods to the EU. Photograph: Amit Dave/Reuters Key Points Only about
Foreign portfolio investors withdrew over Rs 22,530 crore ($2.5 billion) from Indian equities so far this month amid rising US bond yields and a stronger dollar, continuing their selling streak from last year. Illustration: Dominic Xavier/Rediff This came following an
The rupee witnessed its worst single-day decline in around two months since November 21, 2025, due to demand for dollars among importers, said dealers. Illustration: Dominic Xavier/Rediff The maturing short positions in the non-deliverable forwards market further weighed on the
Textiles, pharmaceuticals, chemicals, engineering goods, gems and jewellery exports will receive a boost from the free trade agreement between India and the 27-nation European Union, according to exporters. Photograph: Yves Herman/Reuters The conclusion of negotiations for the agreement is likely
