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Big relief to farmers, CM Mann announces 25% enhancement in compensation for crop loss

In a significant move, Chief Minister Bhagwant Singh Mann has announced a 25% increase in compensation for crop loss, providing big relief to farmers. The decision was made after taking into account the recent unseasonal rains and hailstorms that caused extensive damage to crops in the state. The Chief Minister stated that the Punjab government is fully committed to the welfare of farmers and that this increase in compensation will help alleviate their financial burden. He urged farmers to submit their claims for…

Tatas Submit Bid For Air India Sale, Say Sources

Air India is laden with a huge debt of around ₹ 43,000 crore of which ₹ 22,000 crore will also be transferred to the Air India Asset Holding Limited (AIAHL). The government is planning to sell a 100 per cent stake in the airline The government has initiated the process of financial bids for the debt-laden national carrier Air India (AI) on Wednesday as Aviation Minister Jyotiraditya Scindia made it clear that September 15 date for the process is fixed and will not change. After failing to find any buyer for a 76 per cent…


India Came out with New Foreign Trade Policy 2023, USD 2 trillion exports by 2030

The government on Friday came out with the Foreign Trade Policy (FTP) 2023 which seeks to boost the country's exports to USD 2 trillion by 2030 by shifting from incentives to remission and entitlement-based regime. Unlike the practice of announcing five-year FTP, the latest policy has no end date and will be updated as and when needed, said Director General of Foreign Trade (DGFT) Santosh Sarangi while briefing media about FTP 2023.