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Govt approves Rs 7,280 crore scheme for rare earth magnet manufacturing

NEW DELHI: Govt on Wed-nesday cleared an incentive scheme with an outlay of Rs 7,280 crore for establishing domestic capacity for manufacturing 6,000 tonne of integrated rare earth magnets annually with the aim of breaking China’s stranglehold over this vital input for a host of industries ranging from automobiles to aerospace and defence.Govt will allot…

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28 Naxalites quit arms: Group with Rs 89 lakh bounty surrenders in Chhattisgarh; cites govt scheme as reason | India News

NEW DELHI: Twenty-eight Naxalites, including 19 women and 22 cadres carrying a cumulative reward of Rs 89 lakh, surrendered before senior police officers in Chhattisgarh’s Narayanpur district on Tuesday, officials said. According to inspector general of police (Bastar Range) Sundarraj Pattilingam, the group cited their decision was driven by the state government’s ‘Niyad Nellanar’ (your…

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Fiscal strain: Moody’s says tax cuts slow govt revenue; will it limit support for the economy?

India’s fiscal space is tightening as recent tax cuts weigh on revenue growth, leaving the government with less room to support the economy through policy measures, Moody’s Ratings said on Tuesday, according to PTI. The global agency flagged that lower collections in the current financial year have added pressure on the fiscal consolidation path.Speaking at…

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‘Delete Central govt’: Mamata attacks EC, BJP over SIR; will back survey on one condition | India News

NEW DELHI: West Bengal chief minister Mamata Banerjee on Tuesday said she”loves Bangladesh as a country, because their language is same,” before training guns at the BJP-led central government and the Election Commission over the ongoing Special Intensive Revision (SIR) of the electoral roll, warning that the exercise must not be rushed ahead of the…

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Madrassa teacher on govt payroll, preacher in UK: Terror lens on UP maulana; ATS probes Pakistan trips, radicalisation drive | Lucknow News

Madrassa teacher who moved to UK but drew salary for 10 years under probe for radicalisation charges, Pak link LUCKNOW: On paper, Maulana Shamsul Huda Khan was a govt-recognised madrassa teacher in Azamgarh, drawing his monthly salary, availing medical leaves, and finally securing voluntary retirement with full benefits. In reality, he was thousands of miles…

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Delhi pollution: State government orders work from home; govt, private offices to function at 50% strength | India News

NEW DELHI: Amid rising air pollution, the Delhi government on Monday issued an advisory for it’s employees, private offices to operate with 50 per cent on-site staff, with the remainder continuing to work from home. The step follows directions from the Commission for Air Quality Management and aims to limit exposure while reducing vehicular emissions…

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Insurance restructuring push: Govt revisits merger plan for PSU general insurers; capital infusion, privatisation options back on table

The Finance Ministry is once again examining the merger of three state-owned general insurance companies—Oriental Insurance, National Insurance and United India Insurance—after an improvement in their financial condition, PTI reported citing sources. The move revives a proposal first announced in the 2018-19 Budget to consolidate the three entities into a single insurer to improve efficiency…

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Markets reforms: Govt to table Securities Markets Code Bill in Winter session; unified law to merge Sebi, Depositories & trading Acts

The government has listed the Securities Markets Code Bill 2025 for introduction in the Winter session of Parliament starting December 1, according to a Lok Sabha bulletin. The unified legislation is aimed at boosting ease of doing business and reducing regulatory friction across India’s financial markets. The Bill proposes merging key securities laws, including the…

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