Browsing Category
Economy
Govt imposes stock limits on traders to keep prices of pulses in check
New Delhi: The Centre has issued an order imposing stock limits for pulses that can be stored by wholesalers, retailers, big chain retailers, millers, and importers to prevent hoarding and keep prices in check.
The order, which…
Upcoming Union Budget a blueprint of path towards Viksit Bharat by 2047: PHDCCI
New Delhi: Terming the upcoming Union Budget 2024-2025 a blueprint of the path towards becoming Viksit Bharat by 2047, the PHD Chamber of Commerce and Industry (PHDCCI) said on Thursday that calibrated steps to enhance domestic sources…
Curtain raiser for ‘Invest Karnataka 2025’ held in Bengaluru
Bengaluru: Karnataka Chief Minister Siddaramaiah announced on Wednesday that the state government aims to achieve an annual industrial growth rate of 15-16 per cent to reach a $1 trillion economy by 2032.
Addressing a curtain-raiser…
India’s net direct tax collections surge by 21 pc in FY25
New Delhi; India’s net direct tax collections have shot up by a robust 20.99 per cent for the financial year 2024-25 as of June 17 to Rs 4,62,664 crore, compared to Rs 3,82,414 crore in the same period of the preceding fiscal, according…
MEA to integrate SBI digital payments services with eMigrate portal
New Delhi: In a bid to facilitate and enhance the ambit of safe and legal migration of Indian migrant workers, the Ministry of External Affairs (MEA) and State Bank of India (SBI), on Saturday, announced the integration of SBIePay with…
India’s unincorporated sector records 7.84 pc rise in employment
New Delhi: India’s unincorporated non-agricultural sector has registered a robust increase in employment with both manufacturing and services segments recording a significant expansion in establishments in the post-Covid period,…
India’s forex kitty surges to new lifetime high of $655.8 billion
Mumbai: India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a lifetime high of $655.8 billion, according to the latest data released by the RBI on Friday.
The country’s forex kitty has…
Govt says it has sufficient wheat stocks to keep price in check
New Delhi: The Central government's Department of Food and Public Distribution is keeping a close watch on the price of wheat and has sufficient stocks of the cereal which can be released to cool down the market in case the price starts…
India will require $215 bn to reach target of 500 GW renewable energy by ’30
As per Moody’s Ratings (Moody’s), India’s infrastructure companies will be spending on energy transition to meet demand resulting from the country’s relatively strong economic growth.
April Industrial output growth declines to 5%
Factory output growth, measured in terms of the Index of Industrial Production (IIP), was 5.4% in March and 5.6% in February 2024.
Brigade Group to invest Rs 8,000 crore in Chennai to develop 15 million sqft by 2030
The company also said the gross development value of the residential projects, measuring over 12 million sqft alone is around Rs 13,000 crore.
Japan’s economy is shrinking, although slightly less than previously thought
Wage growth has been slow, and prices on imports have risen amid a decline in the Japanese yen against the U.S. dollar.
Next 5 years to focus on skilling, creating vast number of new jobs: Amitabh Kant
New Delhi, June 8 (IANS) As the demand for talented young Indians grows for emerging technologies, the new government under Prime Minister Narendra Modi will further focus on skilling and creating new jobs, G20 Sherpa Amitabh Kant has said.…
India, Qatar hold talks on bolstering economic ties
New Delhi: The first meeting of the Joint Task Force on Investment (JTFI) between India and Qatar held here on Thursday reaffirmed the commitment of both the nations to strengthen bilateral economic relations.
The joint task force was…
Fruit production rise, vegetables decline in 2023-24
New Delhi: The Agriculture Ministry’s second advance estimates of 2023-24 for the area and production of horticultural crops in the country released on Tuesday reflect an increase in the output of fruits while a decline is seen in the…
Australia seeks inputs on developing ‘new roadmap’ for closer economic engagement with…
New Delhi: The Australian government has invited public submissions as it prepares a new roadmap for the country's closer economic engagement with India. The roadmap will not only take stock of Australia's existing economic initiatives with…
Amul milk price hiked by Rs 2/litre across all variants with effect from June 3
The hike is necessitated to compensate farmers for their increased cost of production
GST collection for May at Rs 1.73 lakh crore, up 10 per cent YoY
New Delhi: The Goods and Services Tax (GST) collections for May came in at Rs 1.73 lakh crore, a 10 per cent growth (year-on-year), driven by a strong increase in domestic transactions and slowing of imports, the Centre said on Saturday.…
Robust 8.2 per cent GDP growth is only trailer of things to come: PM Modi
New Delhi: Prime Minister Narendra Modi said on Friday that the Q4 GDP growth data for 2023-24 shows "robust momentum in our economy, which is poised to further accelerate."
"Thanks to the hardworking people of our country, 8.2 per…