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GANDHINAGAR: Finance Minister Nirmala Sitharaman on Thursday said India has a USD 10.1 trillion funding gap to meet its net zero commitment and asked IFSC to set up a platform where green credits can be traded. Speaking at a session ‘An aspiration of modern India’ at the GIFT City,...
MUMBAI: India has emerged as “vishwa mitra”, or a trusted friend, in the rapidly changing world order, said Prime Minister Narendra Modi on Wednesday. He projected the country as a new ray of hope amid global uncertainties and an engine of growth for the world economy. The prime minister...
NEW DELHI: Reiterating the demand for a reduction in tariffs and duties on components and subassemblies imported for making smartphones in India, the India Cellular and Electronics Association (ICEA) on Wednesday said such a reduction in input tariffs could increase the country’s smartphone exports by nearly four times to...
NEW DELHI: Green hydrogen in India can not only provide energy for sectors such as fertilizers, chemicals, refining and iron, but also save carbon emissions compared to fossil fuels, the World Economic Forum said on Wednesday. In a detailed analysis of what it will take to make green hydrogen...
NEW DELHI: After bilaterally resolving many major trade disputes that had reached the dispute settlement body at the World Trade Organisation, trade ministers of India and US will meet here on Friday to discuss other pending issues. Fast-tracking of the process of inspection and audit of Indian pharma companies...
MUMBAI: The monetary policy committee (MPC) is expected to keep rates unchanged for the remainder of this fiscal amid weak agricultural output and tight global food supplies posing upside risks to inflation, and global market volatility, according to a Crisil Market Intelligence and Analytics report. A rate cut is...
NEW DELHI: Signalling a recovery from the Covid-19-induced pandemic, growth in the real wages stayed positive in India for the second consecutive year in 2022, the latest study by the International Labour Organisation (ILO) shows. Along with Turkiye, India is the only country among the G20 grouping that saw...
Electricity being a very political sensitive issue and States having a major role to play, Telangana Chief Minister A Revanth Reddy, laid out his intent to strengthen the sector. He stressed for the need to implement a comprehensive power policy in the State after conducting a detailed study of...
US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond. The Securities and Exchange Commission, whose three-part mandate...
CHENNAI: The renewable energy sector reported a 19 per cent decline in new capacity addition to the grid in the calendar year 2023. The total new capacity addition in the clean energy sector stood at 12.9 GW in 2023 when compared with a new capacity addition of about 16...
India is planning to lower its budget deficit by at least 50 basis points in 2024/25 from this year’s target of 5.9 per cent of gross domestic product (GDP), while also looking to raise capital spending by as much as 20 per cent, two government officials said. Shrinking the...
NEW DELHI: Indian economy will likely pick up pace in FY25 and FY26, growing 6.4% and 6.5%, respectively, on the back of a strong investment and services push, retaining the fastest-growing major economy tag, the World Bank said Tuesday. The multilateral institution has forecast global growth to slump further...
NEW DELHI: Industry bodies are keen on getting access to the e-Shram portal, which is a repository of data of nearly 300 million unorganised sector workers. They believe access to this diverse skilled talent pool will help them fulfil their workforce requirements. “Industry has asked for access to the...
NEW DELHI: Even though India’s overall unemployment rate has declined in 2023 as compared to 2022, the joblessness within youth has started to rise again, according to data released by the Centre for Monitoring Indian Economy (CMIE) for October-December quarter. For those in the age group between 20 to...
NEW DELHI: The February 1 interim budget is likely to present a status report on the National Pension System (NPS), said people aware of the matter. The group headed by finance secretary TV Somanathan that’s reviewing the scheme is likely to submit its report by the end of this...
NEW DELHI: Several restrictions imposed on rice exports to improve domestic supplies have adversely impacted India’s farm exports in the first eight months of current fiscal. However, shipments of Basmati rice (18%), buffalo meat (13%) and fresh fruits and vegetables (20%) have grown significantly even amid the general slump...
NEW DELHI: Consumer protection regulator CCPA on Tuesday said it is ready with draft guidelines specifying “dos and don’ts” to prevent coaching institutes from making “false claims” in advertisements regarding success rates of candidates. The draft guidelines will be approved and issued soon, Central Consumer Protection Authority (CCPA) Chief...
NEW DELHI: The commerce ministry has set up a task force to identify and resolve trade barriers being faced by exporters in other countries, a move which would help provide greater market access to domestic goods, an official said. The development assumes significance as many times India’s exports suffer...