Latest Indian Economy News

New Delhi, Apr 12 (PTI) Manufacturers of small packaged fruit juices and dairy products on Tuesday sought an extension of the July 1 deadline for implementing ban on plastic straws and said the imported paper straws are expected to increase their input cost but unlikely to meet the industry's requirement. Arguing that there is no [...]

New Delhi, Apr 12 (PTI) Retail inflation soared to a 17-month high of 6.95 per cent in March, continuing to remain above the Reserve Bank's upper tolerance level while the factory output grew just 1.7 per cent in February, according to official data released on Tuesday. The Consumer Price Index (CPI) based inflation rose mainly [...]

New Delhi, Apr 12 (PTI) Union Minister for Housing and Urban Affairs Hardeep Singh Puri on Tuesday asserted that there should be no dilution of the provisions of the Real Estate (Regulation and Development) Act, called as RERA, by states, and assured that the Centre will not bring the "whole template down" even if some [...]

New Delhi, Apr 12 (PTI) Union Minister Nitin Gadkari on Tuesday said there is a need to increase the growth rate and per capita income of India's aspirational districts.Gadkari further said increasing exports and reducing imports are the national mission of the government."There is a need to accelerate economic growth of the country," the road transport [...]

New Delhi, Apr 12 (PTI) Finance Minister Nirmala Sitharaman on Tuesday met an EU delegation led by Member of the European Parliament (MEP) Bernd Lange and discussed issues of mutual interests, including the India-EU trade pact.As two of the largest open market economies and pluralistic societies, India and the EU can work towards a partnership that [...]

New Delhi, Apr 12 (PTI) Amid the industry's concerns over less-than-expected price cuts, Trai Chairman PD Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by "scientific calculations".Vaghela told PTI that in view of the huge market potential of 5G, he is [...]

New Delhi, Apr 12 (PTI) Amid the industry's concerns over less-than-expected price cuts, Trai Chairman PD Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by "scientific calculations".Vaghela told PTI that in view of the huge market potential of 5G, he is [...]

New Delhi, Apr 12 (PTI) The government completed transactions worth Rs 96,000 crore under the National Monetisation Pipeline (NMP) in 2021-22, surpassing the ambitious programme's first-year target of Rs 88,000 crore, a top official said on Tuesday.According to the official, Finance Minister Nirmala Sitharaman in a meeting with CEO Niti Aayog, finance secretary, and secretaries [...]

New Delhi, Apr 12 (PTI) Amid the industry's concerns over less-than-expected price cuts, Trai Chairman PD Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by "scientific calculations".Vaghela told PTI that in view of the huge market potential of 5G, he is [...]

New Delhi, Apr 12 (PTI) Asserting that reforms are required to strengthen cooperatives in the country, Cooperation Minister Amit Shah on Tuesday said the Centre does not intend to interfere in the functioning of state cooperatives but will endeavour to bring uniformity in state laws through dialogue and coordination. He also emphasised on the need [...]

Islamabad, Apr 12 (PTI) Moody’s Investors Service has highlighted cash-strapped Pakistan’s “significant uncertainty over policy continuity” and falling foreign exchange reserves even as the Pakistan Stock Exchange and the rupee made a steep recovery after Shehbaz Sharif was sworn-in as the new Prime Minister, bringing to an end the political uncertainty in the country.However, the [...]

Kathmandu, Apr 12 (PTI) Nepal has tightened imports of expensive cars, gold and other luxurious goods as its foreign exchange reserves have shrunk. Finance Minister Janardan Sharma told reporters that a proposal had been forwarded to temporarily ban the import of expensive and luxurious vehicles and not to allow the government agencies' vehicles to be [...]

Mumbai, Apr 12 (PTI) The Maharashtra State Electricity Distribution Company (MSEDCL) is resorting to cutting electric supply only when it is facing demand-supply mismatches and that too in pockets where it is facing the highest losses, a senior official said on Tuesday. There is no "planned load shedding" in the state but there is "forced [...]

New Delhi, Apr 12 (PTI) Asserting that the economic situation is likely to improve during the year, Chief Economic Adviser V Anantha Nageswaran on Tuesday expressed hope that the private sector is expected to accelerate capital expenditure from the second half of the current fiscal. The investment from private sector has been muted for past [...]

Take a peek at how Gaurav Jain’s bootstrapped start-up is achieving new milestones New Delhi, Delhi, India (NewsVoir) This March, Creators Gram celebrated its one-year anniversary. This bootstrapped startup founded by marketing enthusiast Gaurav Jain crossed 1 Million USD revenue within 9 months of its operations in India. They have also successfully achieved INR 1 [...]