Amaravati, March 25 (IANS) In a major relief to electricity consumers across Andhra Pradesh, the Andhra Pradesh Electricity Regulatory Commission (APERC), on Wednesday, approved no increase in electricity tariffs for 2026–27. The state government said that the APERC’s decision reaffirms its commitment to protecting households, farmers, and small businesses from rising power costs.The Commission’s order also includes the true-up/down and performance review of DISCOMs for 2024–25, following an…
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Seoul, March 24 (IANS) South Korea President Lee Jae Myung on Tuesday called on the government to preemptively implement an emergency response system to cope with concerns about the supply of oil and gas, as the US-Israeli war with Iran has dragged on and disruptions of global energy markets have continued.Speaking at a Cabinet meeting, Lee also asked for the swift passage of an extra budget to help small and medium-sized firms and vulnerable households hit by a surge in energy prices.”Petrochem…
New Delhi, March 20 (IANS) Finance Minister Nirmala Sitharaman on Friday said the new Income-tax Act, 2025 will bring major relief for small business owners and professionals by simplifying rules and reducing compliance burden, while also aiming to cut down tax-related disputes.Speaking at the launch of the nationwide awareness campaign ‘PRARAMBH 2026’, FM Sitharaman highlighted that small businesses and professionals are the backbone of India’s economy and the new law has been designed ke…
Washington, March 18 (IANS) The United States is repositioning the Export-Import Bank as a “frontline economic tool,” its chief told lawmakers, underscoring a sharper push to bolster American exporters and counter global competition led by China.Testifying before a House subcommittee, EXIM President and Chairman John Jovanovic said the bank is being aligned with efforts to reindustrialise the U.S., secure supply chains, and strengthen economic security.“As many of you have noted, EXIM is o…
Washington, March 12 (IANS) The US pet industry has reached a record $157 billion in spending, but small business owners told senators that rising healthcare costs, regulatory hurdles, labour challenges, and financing constraints are making it harder for many companies to keep pace with the sector’s rapid growth. At a hearing of the Senate Small Business and Entrepreneurship Committee on Wednesday (local time), lawmakers and business owners painted a picture of a booming consumer market that h…
Gandhinagar, March 9 (IANS) More than 2,900 beneficiaries in Rajkot district received loan assistance under the Shri Vajpayee Bankable Scheme in the past one year, the Gujarat government informed the state Assembly on Monday.Responding to a question raised by a member in the Assembly, Minister of State for Khadi, Cottage and Rural Industries, Swarupji Thakor, said that a total of 4,157 applications had been received in Rajkot district under the scheme during the year up to December 31, 2025.All …
Washington, Feb 21 (IANS) The son of Indian immigrants who once served as America’s top courtroom advocate has emerged as the face of a landmark Supreme Court judgement that overthrew President Donald Trump’s sweeping tariffs.Neal Katyal, a former Acting Solicitor General of the United States, argued against Trump’s use of the 1977 International Emergency Economic Powers Act (IEEPA) to impose what he described as “unjust, unconstitutional taxes” on imports from nearly every trading par…
New Delhi, Feb 2 (IANS) A day after the presentation of the Union Budget 2026, Delhi Chief Minister Rekha Gupta shared key takeaways for the city in the proposals, highlighting that the Budget opens new opportunities for Delhi in areas including infrastructure and health.Addressing a press conference at the Delhi Secretariat, Chief Minister Gupta thanked Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and Home Minister Amit Shah for continued support in matters relating to Delh…
New Delhi, Feb 1 (IANS) Traders in Delhi’s Gandhi Nagar Market have expressed mixed reactions to the Union Budget presented by the central government. They have described it as largely “average.” According to traders, the budget is unlikely to have a significant impact and does not adequately address the issues faced by local markets and small businesses.Praveen Gupta, President of the Gandhi Nagar Market Subhash Road Association, said the budget is not special and is almost similar to las…
New Delhi, Jan 27 (IANS) With women entrepreneurs in focus, Delhi Chief Minister Rekha Gupta on Tuesday led the signing of an MoU with a Central lending agency to provide city investors loans of up to Rs 10 crore without furnishing any collateral guarantee, an official said.Seen as a step towards strengthening small and micro enterprises in the national capital, the Memorandum of Understanding (MoU) was signed between the Government of Delhi and the Central government’s Credit Guarantee Fund T…