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Economy
PM Modi’s approach to digital public infra has been relentless, meticulous: Amitabh Kant
New Delhi: Prime Minister Narendra Modi's approach towards digital public infrastructure has been relentless and meticulous, delivering rich dividends for Indian citizens, said G20 Sherpa and former NITI Aayog CEO Amitabh Kant on…
India’s forex reserves rise by $816 million to scale 653.7 billion mark
Mumbai; India's foreign exchange reserves rose by $816 million to $653.71 billion in the week ended June 21, according to figures released by the RBI on Friday.
The country's forex reserves had contracted by $2.92 billion to…
Centre speeds up industrial corridor projects worth Rs 8,175 crore
New Delhi; The Centre has given the finishing touches to four projects under the National Industrial Corridor Development Corporation (NICDC) pertaining to the development of Integrated Manufacturing Clusters (IMCs) in Uttar Pradesh's…
India on way to become a global economic superpower
New Delhi: Driven by the government's production-linked incentive (PLI) schemes, robust local manufacturing towards becoming a supply chain hub, and strong GDP growth, India is marching towards becoming a global economic superpower in…
India’s debt-GDP ratio dips to 18.7 per cent in March 2024
Mumbai: India's external debt to GDP ratio declined to 18.7 per cent at end-March 2024 from 19.0 per cent at end-March 2023, reflecting a strengthening of the country's macroeconomic fundamentals.
Although in absolute terms at the…
Centre puts up 21 critical mineral blocks for auction
New Delhi: Union Minister of Coal and Mines, G. Kishan Reddy, on Monday launched the auction of 21 blocks of critical and strategic minerals as part of the fourth tranche.
Out of these 21 blocks, 11 are fresh blocks spanning six…
Bangladesh to receive $900 mn World Bank financing for sustainable growth
Dhaka: The World Bank's Board of Executive Directors has approved two projects totalling $900 million to help Bangladesh strengthen fiscal and financial sector policies and improve urban infrastructure and management to ensure…
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.…