Latest Indian Economy News

Nagpur, Maharashtra, India (NewsVoir) Grameen Impact Ventures (GIV), in collaboration with MasterCard Technologies, today announced the launch of Grameen Kisan Connect (GKC), a significant initiative toward the digitalization of agriculture value chains in India. Agriculture and allied services account for 18 per cent of India’s GDP and over half of all the employment in the [...]

New Delhi, Apr 12 (PTI) The Asian Development Bank will provide a USD 2 million loan for designing climate resilient urban infrastructure, strengthening institutional capacity and improving municipal resource mobilisation in Nagaland.Government of India and ADB on Tuesday signed the USD 2 million Project Readiness Financing (PRF) loan, the Manila- headquartered lender said in a [...]

Islamabad, Apr 12 (PTI) Pakistan's newly-elected Prime Minister Shehbaz Sharif on the first day in office on Tuesday abolished two weekly offs in government offices and also changed their timings, as he attempted to revive the cash-strapped country's economy.Sharif, who was sworn-in as the 23rd prime minister of Pakistan on Monday, reached his office at [...]

New Delhi, Apr 12 (PTI) Institutional investments in real estate jumped over two-fold to USD 1.1 billion (Rs 8,375 crore) in the three months ended March 2022 with the opening up of the economy after the third COVID wave, according to property consultant Colliers India. Institutional investments in real estate stood at USD 0.5 billion [...]

Mumbai, Apr 12 (PTI) Union steel ministry has asked the finance ministry to remove the basic customs duty on ferronickel, a key raw material for stainless steel makers, a senior government official said on Tuesday. The move will help stainless steel makers to reduce their input cost. At present, a 2.5 per cent duty is [...]

New Delhi, Apr 12 (PTI) Commodity Participants Association of India (CPAI) on Tuesday said uniform trading time for all markets including stocks, bonds, currency and commodities may not be tenable for the commodity derivative segment.       The remarks come in the wake of media reports suggesting that the Reserve Bank of India (RBI) [...]

New Delhi, Apr 12 (PTI) Trai recommendations on cut in 5G spectrum base price are incrementally positive, not transformational, some sector analysts said, while others felt that bidding intensity could be moderate or muted in the upcoming auction.The reduction proposed in pricing, though largely on expected lines, is not in sync with the 90 per [...]

Dibrugarh, Apr 12 (PTI) Alliance Air's made-in-India Dornier 228 aircraft was deployed for its first commercial flight on the Dibrugarh-Pasighat route on Tuesday with Union ministers Jyotiraditya Scindia and Kiren Rijiju on board.Accompanied by senior government officers, Scindia and Rijiju boarded the flight at the Mohanbari airport in Asssam's Dibrugarh for Pasighat in neighbouring Arunachal [...]

Colombo, Apr 12 (PTI) A shipment of 11,000 MT of rice from India arrived here on Tuesday to help the economic crisis hit Sri Lankans celebrate the traditional national new year.Sri Lankans will celebrate Sinhala and Tamil New Year on April 13 and 14. This is one of the biggest festivals in Sri Lanka.The shipment [...]

Kathmandu, Apr 12 (PTI) Nepal's Finance minister on Monday dismissed claims by opposition parties that the country’s economy will deteriorate further in the coming days, saying that the Himalayan Nation's economic performance is positive.On Monday, three former finance ministers of Nepal-- Bishnu Paudel, Surendra Pandey and Dr Yubaraj Khatiwada-- belonging to party Communist Party of [...]

JAMNAGAR, India, April 12, 2022 /PRNewswire/ -- Due to the change in buying preferences and behaviour of Indians, their dietary habits are also changing. Food blogging and the internet, coupled with the health consciousness of the youth have let new foods find place on supermarket shelves. One such brand that has taken the market by [...]

Hyderabad, Apr 12 (PTI): The Telangana government and Ministry of Commerce, Thailand entered into a Memorandum of Understanding aiming to promote trade and investments between both, an official release said on Tuesday. Telangana State Industries Minister KT Rama Rao and Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit were virtually present during [...]

Washington, Apr 12 (PTI) India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar has said."I noticed you refer to oil purchases. If you are looking at energy purchases from Russia, I would suggest that your attention should be focused [...]

Kolkata, Apr 11 (PTI) West Bengal Chief Minister Mamata Banerjee on Monday said the unprecedented economic crisis in Sri Lanka will impact India, where businessmen and industrialists are “isolated” and “disturbed”.She said corporates should be allowed to invest in the country for its sound economic health."Do you there will be no effect of the situation [...]

New Delhi, Apr 11 (PTI) Setting the stage for the rollout of 5G services, telecom regulator Trai on Monday mooted a mega auction plan valued at over Rs 7.5 lakh crore at the base price across multiple bands for radiowaves allocated over 30 years. Overall, the Telecom Regulatory Authority of India (TRAI) recommended about a [...]

New Delhi, Apr 11 (PTI) Dairy cooperative GCMMF, which markets products under the Amul brand, on Monday said alternatives to plastic straws are 3-4 times costlier and not effective, adding that such straws do not even account for 0.1 per cent of total plastic consumption. The government has decided to ban plastic straws that are [...]

Kathmandu, Apr 11 (PTI) Nepal’s main opposition party CPN-UML has claimed that the country’s economy will deteriorate further in the coming days if effective measures are not taken immediately by the government.The claim was made by three former finance ministers of Nepal-- Bishnu Paudel, Surendra Pandey and Dr Yubaraj Khatiwada-- belonging to party Communist Party [...]