Business and Economy News

Panel probing alleged scams during BJP rule gets extension

DEHRADUN: Tenure of the Bhati Commission, which is probing into the alleged scams of the previous BJP government in Uttarakhand, has been extended. An extension...

Uttarakhand logistics hubs to boost industrial growth

With the mushrooming of industry in Uttarakhand, the state government is setting up two logistics hubs at Pantnagar and Haridwar. This will enable freight traffic...

‘Uttarakhand will reap FDI benefits’

Chief Minister Vijay Bahuguna on Sunday said Uttarakhand would receive various benefits from the Centre’s decision on foreign direct investment (FDI) in multi-brand retail, even...

Rain-hit Uttarakhand seeks Rs 800-crore relief

The Uttarakhand government has sought a relief package of Rs 800 crore in the wake of a series of natural disasters caused by heavy rains...

HMT to adopt new strategy for revival

The loss-making HMT Watches Ltd has devised a multi-pronged strategy for its revival by introducing new models, infusing fresh capital, sale of its surplus land...

Uttarakhand seeks legal opinion on Emaar MGF hotel project

The Uttarakhand government is seeking legal opinion on its proposed move to cancel an agreement with infrastructure major Emaar MGF for constructing a 5-star hotel...

Hill industrial policy attracts investments worth Rs 400 cr in Uttarakhand

Year-on-year increases in the number of new micro, small and medium enterprises (MSMEs) set up in Uttarakhand over the last four years show that the...

Cadbury plans to build factory in Uttarakhand

Kraft-owned Cadbury India is scouting for a greenfield location in Uttarakhand to set up a manufacturing unit in the region, industry sources said. The company...

Uttarakhand rolls back decision on sugar mills

With the main Opposition party, the Bharatiya Janata Party (BJP), in no mood of relenting from its position on the ongoing sugar mill controversy, the...

UPCL gets Rs 915-cr package from govt

In a move to bring down the accumulated losses of the Uttarakhand Power Corporation Limited (UPCL), the government has given a package of over Rs...

Uttarakhand to introduce contract farming

The Uttarakhand government on Tuesday announced it was introducing contract farming and might inviting private investments for boosting its agriculture and horticulture sectors. “For the...

Uttarakhand to introduce contract farming

The Uttarakhand government on Tuesday announced it was introducing contract farming and might inviting private investments for boosting its agriculture and horticulture sectors. “For the...

Secret deal’ in sugar mills decision: BJP

The BJP on Sunday alleged that the Uttarakhand government had entered into a “secret deal” with businessmen to run four sugar mills on a private-public...

Uttarakhand to invite fresh bids for small hydel projects

The Uttarakhand government on Thursday decided to invite fresh bids for small hydel projects with total capacity to generate 1,000-1,500 Mw of power in its...

Uttarakhand to prepare mega plan of industrial development

Dehradun, Aug 9 (PTI) The Uttarakhand government will prepare a mega project for big industries and set up a separate department for small and micro...

With the interest of Mahindra & Mahindra and Volkswagen, Uttarakhand may emerge as next automotive hub in India

After Haryana and Gujarat, the state of Uttarakhand is emerging fast as the latest automotive hub in the country. Automotive giants like domestic brand Mahindra...

Uttarakhand to abolish 2% VAT on sugar

The Indian state of Uttarakhand announced on August 1 the abolition of its 2% value added tax (VAT) on sugar in the state, according to...

Uttarakhand to waive off Rs 499-cr debt of sugar mills

The Uttarakhand government has decided to abolish the 2 per cent VAT being levied on sugar and waive off an accumulated loan amount of about...

Uttarakhand appoints BCs to achieve financial inclusion

Dehradun, Jul 26 (PTI) In order to achieve financial inclusion in Uttarakhand, mapping of villages has been completed and business correspondents (BCs) are being appointed,...
Uttarakhand all set to revive sugar mills

Uttarakhand all set to revive sugar mills

After conducting a diagnostic study, the Uttarakhand government is now planning to revive its ailing sugar mills. Alok Kumar Jain, the chief secretary of the...