Latest Indian Economy News

New Delhi, May 7 (PTI) As part of a mega green initiative, the Union home ministry has decided to set up rooftop solar energy panels in all installations of the Central Armed Police Forces (CAPFs) across the country. The move will help generate solar power up to 71.68 megawatts and facilitate use of green power [...]

Colombo, May 6 (PTI) Embattled Sri Lankan President Gotabaya Rajapaksa declared a state of emergency with effect from Friday midnight, the presidential media division said, the second time in just over a month amidst countrywide public protests over the worst economic crisis. The state of emergency gives the police and the security forces power to [...]

New Delhi, May 6 (PTI) There are huge opportunities for increasing cooperation in areas like tourism, design, digital world, services, goods and education between India and Italy to boost economic ties, commerce and industry minister Piyush Goyal said on Friday. He said that the large size of the domestic market, availability of talent pool and [...]

Mumbai, May 6 (PTI) The unexpected interest rate hike by the RBI on Wednesday will have the banking system on average making a 10-15 bps gains on the yields, with private banks making larger gains as 57 per cent of their loans are linked to external benchmark rate and 40 per cent to the marginal [...]

Chandigarh, May 6 (PTI) The import pass fee on wine has been slashed from Rs 7 to Rs 2 per bulk litre and the letter of intent fee for establishing wine manufactory reduced from Rs 15 lakh to Rs one lakh, as per the new excise policy of Haryana approved by the state cabinet here [...]

New Delhi, May 6 (PTI) There are huge opportunities for increasing cooperation in areas like tourism, design, digital world, services, goods and education between India and Italy to boost economic ties, Commerce and Industry Minister Piyush Goyal said on Friday. He said that large size of domestic market, availability of talent pool, and the world [...]

New Delhi, May 6 (PTI) The Delhi High Court on Friday sought the stand of the Centre and the Reserve Bank of India on a plea alleging low circulation of visually impaired friendly coins in the economy. A bench of Acting Chief Justice Vipin Sanghi and Justice Navin Chawla issued notice on the application by [...]

Pune, May 6 (PTI) Union minister Nitin Gadkari on Friday said that due to the "wrong economic policies, corrupt governance and visionless leadership" post-Independence, the country suffered greatly, but with Prime Minister Narendra Modi at the helm, people are now talking about "self-reliant, happy, prosperous and powerful" India.Speaking at the inaugural ceremony of the Jain [...]

Mumbai, May 6 (PTI) Dalal Street wilted under intense selling pressure on Friday, mirroring a meltdown in world equities as investors braced for slowing global growth amid policy tightening by central banks. A sharp drop in the rupee amid a spurt in crude oil prices and unabated foreign fund outflows added to the woes. The [...]

New Delhi, May 6 (PTI) With focus on port-led development, more than 1,500 projects worth around Rs 6.5 lakh crore have been identified for implementation as part of the Sagarmala programme, Union minister Sarbananda Sonowal said on Friday. Sonowal further said that container turnaround time at major ports has also reduced due to the Sagarmala [...]

HYDERABAD, India, May 6, 2022 /PRNewswire/ -- KL Deemed-to-be University, one of the leading universities in the country for graduation and higher education has today inaugurated KLH Global Business School, an ultra-modern B-School dedicated to its internationally normative business courses. Located amidst the corporate houses at Kondapur, Hyderabad, KLH GBS offers a range of top-ranking [...]

LUDHIANA, India, May 6, 2022 /PRNewswire/ -- JCI is known for recognizing and honoring young talent in different area. On 5th May, JCI (Ludhiana) honored ex U19 Indian cricketer Nehal Wadhera who has become talk of the nation by creating a few world records in the last week. Merely seven months back, Nehal Wadhera was [...]

London, May 6 (PTI) Indian-owned companies operating in the UK have multiplied in the past year, up from 850 to 900, with a corresponding hike in revenues and job creation figures, according to latest research released here.The 2022 ‘India Meets Britain Tracker’, launched on Thursday, revealed these companies employed 141,005 people, up from 116,046 in [...]

Kolkata, May 6 (PTI) Tea Board is finalising its recommendations to the commerce ministry on the industry's demand for a special financial package for retaining the viability of this sector which is claimed to be under threat, an official said on Friday.Tea industry representatives had met the Parliamentary Standing Committee on commerce in March and [...]

Kathmandu, May 5 (PTI) Nepal and the US on Thursday signed a USD 659 million “development objective” agreement which is aimed at supporting the Himalayan nation’s goal of graduating to a middle-income country. Nepal aims to graduate from the Least Developed Country category by December 2026. The grant for the next five-year period will support [...]

Mumbai, May 5 (PTI) The RBI's surprise rate hike may have been prompted by its inability to convince the government to cut excise duty on petrol and diesel and take other supply-side measures to tame runaway inflation, sources aware of the central bank's thinking said on Thursday. There has been a record Rs 10 a [...]

New Delhi, May 5 (PTI) Delhi Chief Minister Arvind Kejriwal on Thursday announced the launch of his government's ambitious start-up policy, under which start-ups will get collateral-free loans and other benefits.The Delhi Cabinet on Thursday approved the implementation of the Delhi Start-up Policy.During an online briefing, Kejriwal announced that entrepreneurship classes and a 'Business Blasters' [...]