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Economy
India’s exports have to contribute $1 trn : Goyal
Mumbai, March 7 (UNI) Union commerce and industry minister Piyush Goyal on Monday said India's exports have to contribute to at least USD one trillion as the country aims to become a USD five trillion economy by 2025.
Minister…
India to achieve export target of $400 bn: SK Reddy
Hyderabad, Feb 23 (UNI) Joint Secretary, Dept of Commerce, Ministry of Commerce & Industry, Government of India Srikar K Reddy on Wednesday said that India expected to achieve its export target of USD 400 billion by end of March 2022.…
FM Sitharaman chairs post-Budget meeting with heads of Banks, NBFCs & Financial Institutions
Mumbai, Feb 22 (UNI) Union Minister for Finance, Nirmala Sitharaman on Tuesday chaired a post-budget meeting with heads of banks, non-banking financial institutions (NBFCs) and financial institutions here. Underscoring the importance of…
Kerala’s poverty 0.71 pc compared to national average of 25.01 pc
Thiruvananthapuram, Feb 11 (UNI) Kerala has the lowest percentage of population living in poverty, 0.71%, compared to the national average of 25.01 percent. According to the NITI Aayog's Multi Dimensional Poverty Index, only 0.71…
US private sector cuts 301,000 jobs
Washington, Feb 3 (UNI) Private companies in the United States slashed 301,000 jobs in January, indicating a disrupted recovery in the labor market amid Omicron surge, Automatic Data Processing (ADP) reported. "The labor market…
PM Modi: Budget 2022 will strengthen economy
Bihar CM Nitish Kumar describes the Union Budget as a Balanced One
FM Nirmala Sitharaman to present her 4th Union Budget today
Mumbai, Jan 31: Amid the uncertainties of the Covid-19 pandemic, Indian startups are pinning hopes on the Union Budget, to be tabled on February 1, for a booster dose in the form of tax incentives, reduction in GST and relaxing…
President talks about economic recovery, govt schemes: DMK, Cong MPs protest over NEET
New Delhi, Jan 31 (UNI) India witnessed exceptionally strong exports of both goods and services so far in 2021-22, while imports also recovered strongly with recovery in domestic demand as well as higher international commodity prices,…
Govt appoints Nageswaran as Chief Economic Advisor days ahead of Budget
New Delhi, Jan 28 (UNI) The government on Friday appointed Indian Institute of Management (IIM), Ahmedabad graduate and Economics professor Dr V. Anantha Nageswaran as the Chief Economic Advisor (CEA). A Finance Ministry statement said…
PM to deliver ‘State of the World’ special address at WEF’s Davos
New Delhi, Jan 16 : Prime Minister Narendra Modi will deliver 'State of the World' special address at the World Economic Forum’s Davos Agenda on January 17, via video-conferencing.
The virtual event will be held from January 17 to 21. It…
Bangladesh GDP to grow at 6.4 pc in FY-22
Dhaka, Jan 12 (UNI) The Bangladesh GDP will grow at 6.4 per cent in the FY 2021-22 ending June 2022, due to increasing services activity and firming exports of readymade garment, says the World Bank.
GDP growth rate is forecast to go up to…
Imran Khan: Will be forced to approach IMF again if exports don’t rise
Islamabad, Jan 12 (UNI) Pakistan Prime Minister Imran Khan said on Tuesday that his government will be forced to approach the International Monetary Fund (IMF) again if the country’s exports did not increase sharply, Dawn reported on…
GST dept recovers Rs 49.20 crore cash from WazirX for evading tax
Mumbai, Jan 1 (UNI) CGST Mumbai Zone has recovered Rs 49.20 crores in cash pertaining to GST evaded by WazirX, a cryptocurrency exchange in India. The department also detected GST evasion of Rs 40.5 crores.
The findings came to light while…
Sale of electoral bonds at select SBI branches from Jan 1
New Delhi, Dec 30: Ahead of assembly elections in some states including politically-significant Uttar Pradesh, Finance Ministry on Thursday said that State Bank of India (SBI) has been authorized to issue and encash electoral bonds through…
Telangana Textile fed strongly opposes GST increase to 12 pc
Hyderabad, Dec 29 (UNI) Telangana State Federation of Textile Associations (TSFTA) on Thursday strongly opposed the increase of GST on Textiles from 5 per to 12 per cent (120 per cent) by the Central Government from January next year.…
Bibek Debroy: Health of environment directly linked to economic growth
New Delhi, Dec 23: Chairman of the PM's Economic Council Bibek Debroy said on Thursday that as the per capita GDP rises, quality of the environment tends to improve.
"There is a co relation between the two. Empirical exercises establish…
PM Modi meets top CEOs ahead of Budget
New Delhi, Dec 20: In the run-up to Union Budget, Prime Minister Narendra Modi on Monday met a group of top CEOs from across the industry and sought their inputs to reduce compliance burden.
Top banker Uday Kotak, JSW Steel's Seshagiri…
US leads world as top recipient of foreign direct investment : IMF Report
Washington, Dec 16: The US consolidated its position as the world’s top recipient of foreign investment in 2020, a year in which the global total increased by 6 percent despite the pandemic, the International Monetary Fund (IMF) said in a…
Three names in the fray for next Chief Economic Adviser
Ahead of the three-year term of the outgoing Chief Economic Adviser (CEA) KV Subramanian coming to an end next week, three names have been shortlisted for the position. Two women candidates — Pami Dua, Professor, Delhi School of Economics,…
Insect hits 9L acres of chilli crop in south India; experts point to use of pesticide
A NEW species of insect is damaging the chilli crop in several states in south India. Thrips Parvispinous, an invasive insect from Indonesia first seen in 2015, has spread rapidly, affecting chilli crop in nearly 9 lakh acres in Telangana…