Business
AICTE, OPPO India Launch Second Phase Of ‘Generation Green’ Campaign
The All-India Council for Technical Education (AICTE) and OPPO India launched the second phase of their ‘Generation Green’ campaign with a nationwide e-waste awareness drive at Ramjas College, University of Delhi. Ramjas College became the first ‘Eco-Conscious Champion Institute’ under the initiative. The campaign aims to educate youth on...
New PLI Scheme For Specialty Steel: Government
NEW DELHI: The government is working on the another round of the PLI scheme for speciality steel as the response for the first round of the initiative did not meet expectations, according to Steel Secretary Sandeep Poundrik. The top ministry official made the remarks at CII Steel Summit 2024...
Karnataka Launches Draft GCC Policy To Attract Investments, Create Jobs
NEW DELHI: The Karnataka Government on Friday launched a draft Global Capacity Centres (GCC) policy with the aim to generate USD 50 billion economic output and attract 500 new GCCs by 2029, creating 3.5 lakh jobs. According to officials, this policy is designed to enhance investor confidence, promote seamless...
Government Plans 4.5-6 Crore Textile Jobs By 2030
NEW DELHI: The government has prepared a road map for creating 4.5-6 crore jobs in the textile sector by 2030, Union Minister Giriraj Singh said on Friday, asserting that efforts are being made to take the sector’s market size to USD 350 billion from around USD 165 billion at...
SC Clears GMR Airports To Operate Nagpur Airport, Closes Curative Plea Of Centre, AAI
NEW DELHI: The Supreme Court on Friday cleared decks for private firm GMR Airports to upgrade and operate Nagpur’s Babasaheb Ambedkar International Airport (AAI) by closing the proceedings on a curative plea of the Centre and the Airport Authority of India. The Centre and the AAI had filed a...
Ministerial Panel Looks To Rework GST Rates On Over 100 Items
KOLKATA: The ministerial panel on GST rationalisation has discussed proposals to rework the rates on over 100 items, apart from merger of the 12% and 18% slabs, but has opted to analyse it in detail, before finalising its recommendations. West Bengal FM Chandrima Bhattacharya said the rates will be...
Steel Ministry Pushes For Merger Of Debt-Hit RINL With SAIL
NEW DELHI: The steel ministry is “actively working” towards the merger of Rashtriya Ispat Nigam (RINL) with Steel Authority of India Ltd (SAIL), said a senior government official, a development that comes in the backdrop of outgoing RINL chairman Atul Bhatt opting for leave till retirement amid worsening financial...
Pickup In Public Expenditure May Keep Growth Steady: Finance Ministry
NEW DELHI: After witnessing contraction in the first quarter of the current financial year (Q1FY25), the government is expecting public expenditure to pick up in the remaining quarters, even though there is a need for monitoring automobiles and fast moving consumer goods (FMCG) sales due to slowdown seen in...
Financial Restructuring, Govt Initiatives To Push Manufacturing Helping India Inc Sail Through Rough Seas
MUMBAI: As the world’s fifth largest economy, set to become third largest by decade’s end, India is on a high-growth trajectory, supported by favourable government policies, stronger banks, robust capital markets and a young population. Core sectors and various ancillary and consumer industries will benefit from this even as...
Share Of Self-Employed Women Increased To 67% In 2023-24: PLFS Data
NEW DELHI: Helping their families run household enterprises or operating small businesses is driving the surge of women in the labour force in the country. More than two out of every three working women have been categorised “self-employed” in the latest July-June 2023-24 Periodic labour Force Survey (PLFS). A...
India Set To Achieve GDP Growth In FY25 Says Finance Ministry
NEW DELHI: India is set to achieve 6.5-7 per cent GDP growth in the current financial year as indicated by the movements in high-frequency indicators till August, a finance ministry report said on Thursday. The recent developments analysed indicate strong foundations of macroeconomic stability in India with steady growth,...
India Aims To Integrate Scalable Food Security Interventions
NEW DELHI: India is seeking to integrate scalable food security interventions into existing government programmes while promoting local crop varieties, a top government official said on Thursday. Agriculture Secretary Devesh Chaturvedi outlined these priorities during a review of the implementation of the United Nations World Food Programme’s (WFP) country...
Jio-BP Inaugurates 500th EV Charging Station
NEW DELHI: Anant Mukesh Ambani, Director, Reliance Industries Limited (RIL) and Murray Auchincloss, CEO, BP, on Thursday inaugurated the 500th Jio-BP pulse EV-charging station of Jio-BP. Jio-BP is a fuels and mobility joint venture between RIL and global energy giant BP. “The commissioning of the EV-charging station enables access...
ICRA Sees Room For Petrol, Diesel Price Cuts
NEW DELHI: A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providing state-owned firms a headroom to cut petrol and diesel prices by Rs 2-3 per litre, rating agency Icra said on Thursday. The price of a basket of crude oil India...
Sensex, Nifty Reach Fresh All-Time High Levels In Early Trade
MUMBAI: Equity benchmark indices Sensex and Nifty hit fresh all-time high levels in early trade on Thursday amid a sharp rally in Asian markets and buying in IT stocks. The BSE Sensex climbed 202.3 points to reach an all-time record peak of 85,372.17 in early trade. The NSE Nifty...
Fresh Digital Bill On The Cards
NEW DELHI: Facing strong opposition from several quarters, the government is likely to withdraw the Digital Competition Bill (DCB), the draft of which was released in March. Sources said that a fresh Bill may be drafted after taking inputs from other ministries, MeitY for instance, as well as industry...
S&P Retains India’s FY25 Growth Forecast At 6.8%, Expects Rate Cut In October
NEW DELHI: The global credit ratings agency S&P Global on Tuesday retained India’s growth forecast at 6.8 per cent for the current financial year and expressed optimism that the Reserve Bank of India (RBI) would start cutting interest rates in its October monetary policy review. “In India, GDP growth...
Slowing Indian Economy To Drag APAC’s Growth In 2025: Moody’s Analytics
NEW DELHI: Moody’s Analytics on Tuesday said normalising growth in India would drag the Asia Pacific (APAC) region’s performance in 2025 as India’s economy is projected to slow down to 6.5 per cent in 2025 from an estimated 7.1 per cent for 2024. “In developing Asia, growth will slow...
