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NEW DELHI: The government is likely to make an outlay of Rs 21,000 crore for reduce the cost of short-term loans for Kisan Credit Cards (KCCs) holders in the forthcoming interim budget for 2024-25. This amounts to an annual rise of 13%. Sources said that under modified interest subvention...
NEW DELHI: The country’s exports of goods and services rose marginally by 0.4 per cent to USD 765.6 billion in 2023 despite global economic uncertainties, according to the commerce ministry data. Sectors which helped keep India’s exports afloat include electronics, pharmaceuticals, cotton yarn, fabrics and made-ups; ceramic products, meat,...
DAVOS: Indian industry on Sunday lauded the government for establishing the ‘Alliance for Global Good- Gender Equity and Equality’ announced on the sidelines of the World Economic Forum annual meeting 2024 here. The idea of this alliance emerged from the G20 Leaders’ Declaration and India’s abiding commitment to the...
NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries Ltd will commission a new energy giga complex in Gujarat in the second half of 2024, the company said in an earnings statement and investor call. Reliance is building a giga complex spread over 5,000 acres in Jamnagar in Gujarat. The complex...
NEW DELHI: Power consumption in the country witnessed an on-year rise of nearly 8 per cent to 1,221.15 billion units (BU) during the April-December period of this fiscal, indicating a surge in economic activities. Power consumption in the country stood at 1,132.11 BU in April-December 2022-23. Industry experts said...
NEW DELHI: Only zero emission cars can contribute towards a reduction in air pollution, cutting burgeoning fuel imports and attaining net zero targets, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. Amid demands from a certain section of the industry to cut taxes levied on hybrid cars,...
NEW DELHI: The interim Budget for 2024-25 could peg India’s nominal GDP growth for the next financial year at 10.7% or thereabouts, going by the median of a poll of 15 economists. The estimates for nominal GDP growth for the next fiscal range from 9.5% to 11.3%, with most...
NEW DELHI: Retail inflation for farm workers and rural labourers increased marginally to 7.71 per cent and 7.46 per cent in December compared to 7.37 per cent and 7.13 per cent, respectively, in November due to higher prices of certain food items.Food inflation stood at 9.95 per cent and...
NEW DELHI: India has ranked at 127 out of 146 countries in terms of gender parity — an improvement of eight places from last year — according to the World Economic Forum’s annual Gender Gap Report, 2023. The World Economic Forum (WEF) ranked India at 135 out of 146...
MUMBAI: Foreign banks stepped up their purchases of Indian government bonds in January ahead of the country’s inclusion in global bond indices later this year. According to bond market dealers, the rise in demand for dated securities among foreign banks is also because of forward rate agreements (FRA) with...
NEW DELHI: Service sector companies in the information technology (IT), banking and finance segments comprise nearly half of the new jobs created in FY23 by India Inc, while firms in the manufacturing, infrastructure and consumption sectors saw moderate job creation, according to the latest study by Bank of Baroda...
MUMBAI: Deal values in India more than halved in 2023 to USD 66 billion despite high growth, as investors took a wait-and-watch approach, a report said on Friday. From a volume perspective, there were 1,641 deals — a drop of more than 20 per cent over 2022 — the...
NEW DELHI: Food regulator FSSAI CEO G Kamala Vardhana Rao on Friday stressed on adoption of bio-pesticides to ensure safety and quality of tea production. Food Safety and Standards Authority of India (FSSAI) CEO Rao addressed a gathering of tea growers and tea planters during an interactive session held...
NEW DELHI: The country’s wheat production is expected to be good this year amid higher coverage, according to Agriculture Minister Arjun Munda. The sowing of wheat, the main rabi (winter) crop, that began in October has been completed. Uttar Pradesh, Madhya Pradesh, and Punjab are the top three states...
MUMBAI: Indian carriers are expected to have an order book for 2,000 planes by March next year, with long-term rapid growth for both domestic and international air traffic, according to a report on Friday. The domestic airlines currently have an order book for close to 1,620 aircraft, including the...
NEW DELHI: A survey encompassing 73,000 school students aged 7 to 17 nationwide has brought to light a concerning trend: two in five children lack a healthy Body Mass Index (BMI), and three in five exhibit insufficient upper and lower body strength. Interestingly, girls outperformed boys in BMI and...
MUMBAI: India should sustain the strong growth momentum in the next financial year by securing at least a 7 per cent expansion in GDP while the headline inflation needs to align with the target of 4 per cent by the second quarter of FY25, as projected, said the Reserve...
NEW DELHI: India, in the 13th ministerial conference (MC13) of the World Trade Organisation (WTO) in February, will push for fast-tracking its demand for a solution on public stockholding for food grains, over negotiations on other agriculture-related issues. “The public stockpiling of food grain is the longest-pending issue. Promise...