Several insurance companies and private equity investors have shown interest in bidding for Reliance Capital's businesses. In particular, they are eyeing RCap's stakes in its life and non-life insurance companies.
The strong revival in travel has now led to industry biggies — who had laid off staff during Covid — poaching from each other to meet the increased demand. This phenomenon is being witnessed by both airlines and hotels, with the former trying their best to stop losing crew to Gulf carriers.
The ministry is setting up a dedicated 'trade promotion body' to drive overall promotion strategy, export targets, and execution to achieve $2 trillion in exports by 2027. "The exercise to set the target for the next fiscal is on and should be complete in a month," an official told ET.
"The exercise to set the target for the next fiscal is on and should be complete in a month," an official told ET. The ministry has started talks with commodity boards, export promotion councils and Indian embassies abroad for next year's export plan.
The proposals are aimed at ensuring high returns for provident fund subscribers and they come after the EPFO cut the interest rate for 2021-22 to 8.10%, the lowest in four decades.
The commerce ministry has proposed the repeal of decades-old laws on rubber and introduced new legislation that seeks to address the challenges faced by the sector and remove some of the archaic provisions of present law to create a conducive environment for businesses.
"Total original cost of implementation of the 1,565 projects was Rs 21,86,542.05 crore and their anticipated completion cost is likely to be Rs 26,59,914.61 crore, which reflects overall cost overruns of Rs 4,73,352.56 crore (21.65% of original cost)," the ministry's latest report for February 2022 said.