Latest Indian Economy News

Colombo, Apr 25 (PTI) A Sri Lankan dissident lawmaker, fired by President Gotabaya Rajapaksa from the Cabinet for his critical views, claimed on Monday that the Opposition has crossed the 113-mark required to win a no-trust motion against the government in the 225-member Parliament. President Gotabaya, facing fierce public protests against his government’s mishandling of [...]

New Delhi, Apr 25 (PTI) In the wake of short supply of coal to non-regulated sector, industry bodies have sought Prime Minister Narendra Modi's intervention in the matter, stating that industries are compelled to purchase power from exchanges at higher rates due to increased demand. The development assumes significance in the wake of country's power [...]

New Delhi, Apr 25 (PTI) Stating that the Uttar Pradesh government will implement natural farming in 135 state-owned farms from the upcoming kharif season, Chief Minister Yogi Adityanath on Monday demanded that the Centre should raise the incentive for natural farming to Rs 31,000 per hectare besides making a budget allocation for carrying out branding [...]

New Delhi, Apr 25 (PTI) India's economy is expected to grow 7.5-8 per cent this fiscal year with exports playing a key role in the country's success story, CII President TV Narendran said on Monday. However, he said the country needs to remain prepared for any fallout of next wave of COVID-19 pandemic, and the [...]

Mumbai, Maharashtra, India (NewsVoir) • Indian retail investors rank highest (67%) for trust in cryptocurrencies • Indians (66%) also ranks high in appointing a financial advisor who shares values second only to mainland China (74%) • More than half of respondents (57%) believe that they will achieve their life goals and over 25% invest long-term [...]

New Delhi, Apr 25 (PTI) Natural farming is the need of the hour, as the cost of foodgrain production has increased due to the use of chemicals and fertilisers, NITI Aayog CEO Amitabh Kant said on Monday. Addressing the 'National Workshop on Innovative Agriculture' organised by NITI Aayog, Kant further said, India is now an [...]

16 year-old BodhiTrail Founder elevates the Interfaith discussions with 21st century perspectives on public policy NEW DELHI, April 24, 2022 /PRNewswire/ -- On the International Day of Conscience, BodhiTrail Founder, Riaan Kumar, organized a 'National Conference on Faith and Policy' at the India Habitat Center. With keynote speakers Dr. Kiran Bedi and UNESCO MGIEP Director, [...]

Palli (J&K), Apr 24 (PTI) Union minister Giriraj Singh on Sunday said a target of "Mission Rs 1 lakh", aimed at raising the annual income of women under self-help groups, has been set by connecting 10 crore women with SHGs to boost the economic activity in rural areas across the country. The Minister for Rural [...]

Manila, Apr 24 (PTI) The World Travel and Tourism Council (WTTC) has launched ‘Hotel Sustainability Basics’, a set of criteria that all hotels are expected to implement to drive responsible travel and tourism, and will help them address their environmental impact.The initiative was launched at the WTTC’s Global Summit, held in Manila from April 20-22, [...]

New Delhi, Apr 24 (PTI) Luxury carmakers -- Mercedes-Benz, Audi and BMW, are witnessing accelerated demand for their models at the premium-end in India, leading to longer waiting periods amid supply constraints, according to top officials of the companies. They are witnessing higher growth in the premium-end as compared to the volume-segment of their respective [...]

Colombo, Apr 23 (PTI) Sri Lankan President Gotabaya Rajapaksa on Saturday said that the crisis-hit country welcomes investments, technology transfers and financing for its sustainability efforts and cooperation for debt restructuring to support the economic recovery during this critical time. Gotabaya, addressing the 4th Asia-Pacific Water Summit in Japan’s Kumamoto via video link, said that [...]

Washington, Apr 23 (PTI) Finance Minister Nirmala Sitharaman on Friday interacted with the representatives of 14 distinguished US universities and invited them to set up foreign universities/institutions at the International Financial Services Centre (IFSC) in Gandhinagar, Gujarat. Budget 2022-23 permitted setting-up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate [...]

Washington, Apr 23 (PTI) Finance Minister Nirmala Sitharaman has underlined the need to rescue countries facing debt stress due to the uncertainty caused by the pandemic and the recent geo-political developments. During a meeting with World Bank Group President David Malpass on Friday, Sitharaman said India remains concerned about the risks to global recovery due [...]

Washington, Apr 22 (PTI) Finance Minister Nirmala Sitharaman on Friday met OECD Secretary General Mathias Cormann and discussed issues of bilateral engagement. The meeting took place on the sidelines of the IMF-WB Spring meetings 2022 here. "While appreciating @OECD's contributions to #G20, FM Smt. @nsitharman discussed with Mr. @MathiasCormann India-OECD bilateral engagements and India's #G20Presidency [...]

Chandigarh, Apr 22 (PTI) Punjab Dairy Development Minister Kuldeep Singh Dhaliwal on Friday visited Amul plants in Gujarat and sought cooperation from the dairy major in further improving the quality of dairy products in his state. The minister went to Amul plants in Anand Shahar and Gandhinagar on Friday. He was on a Gujarat visit [...]

Islamabad, Apr 22 (PTI) The resumption of Indo-Pak trade relations will pave the way for the settlement of political and territorial issues between the neighbouring countries, according to Pakistan's top business tycoon Mian Mohammad Mansha.Emphasising that there are “many synergies” between India and Pakistan that could come into play once bilateral trade resumes, Mansha, who [...]

New Delhi, Apr 22 (PTI) The Union power ministry on Friday said that it has allowed private power generating stations to secure coal supplies for up to three years instead of current norm of one year, a move that comes against the backdrop of rising demand for electricity. The ministry has tweaked the methodology for [...]

Mumbai, Apr 22 (PTI) Goa Chief Minister Pramod Sawant on Friday said his government is developing infrastructure in such a way that the coastal state will emerge as the country's "tourism capital" going forward and sought investment in the key sector through public-private partnership (PPP) model.Speaking at Times Network's India Economic Conclave 2022 here on [...]

Mumbai, Apr 22 (PTI) All the six members of the RBI's rate setting panel expressed concern over inflation and Governor Shaktikanta Das stressed that the central bank will have to constantly re-assess the "dynamic and fast changing situation" and tailor its actions accordingly, as per the minutes of the recent MPC meeting released on Friday. [...]