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Inflation burden eases further for farm and rural workers  The year-on-year inflation rates based on the all-India Consumer Price Index for Agricultural Labourers and Rural Labourers in December 2024 declined to 5.01 per cent and 5.05 per cent, respectively, compared to the corresponding figures of 7.71 per cent and 7.46 per cent in the same month of the previous year, according to data released by the Ministry of Labour and Employment on Thursday.  The inflation rate for both categories of labourers has been coming down over the last f...
Inflation burden eases further for farm and rural workers
Inflation burden eases further for farm and rural workers
Source: IANS
2025-01-23 05:52:44 pm
India set to raise farm budget by over 15%, biggest increase in six years India plans to increase spending for the agriculture sector by about 15% to around $20 billion in next month's budget, two government sources said, marking the biggest increase in six years, as it tries to boost rural incomes and curb inflation. The additional cash would be directed to developing high-yielding seed varieties, increasing storage and supply infrastructure, and boosting production of pulse crops, oilseeds, vegetables, and dairy products, the sources said. The sources a...
India set to raise farm budget by over 15%, biggest increase in six years
India set to raise farm budget by over 15%, biggest increase in six years
Source: Reuters
2025-01-23 05:13:33 pm
India fast-developing country but development needs to be inclusive, equitable: Rajnath Singh Raksha Mantri Rajnath Singh has said that India is a fast-developing country, but its development needs to be inclusive, equitable, ecologically sustainable and morally desirable without compromising the planet’s health. He asserted that the country’s consumption should be need-based and not greed-based, stressing that behaviors need to change to ensure sustainability. There is a need to do away with the ‘use-and-dispose’ economy. Singh also pointed out that India&r...
India fast-developing country but development needs to be inclusive, equitable: Rajnath Singh
India fast-developing country but development needs to be inclusive, equitable: Rajnath Singh
Source: Accord Fintech
2025-01-23 03:22:23 pm
Union Budget 2025 may introduce changes in income tax slabs: Nomura Global financial services company Nomura on Thursday said the Centre will focus on both fiscal consolidation and growth-supportive measures in the upcoming Union Budget for 2025-2026, predicting that the government may introduce changes to the personal income tax slabs to encourage consumer spending.  Nomura expects India to surpass its fiscal deficit target for the financial year 2025, estimating the deficit at 4.8 per cent of the GDP, slightly lower than the earlier forecast of 4.9 ...
Union Budget 2025 may introduce changes in income tax slabs: Nomura
Union Budget 2025 may introduce changes in income tax slabs: Nomura
Source: IANS
2025-01-23 02:03:36 pm
CII calls for comprehensive review of recognition of intangible assets as India transitions towards digital economy The Confederation of Indian Industry (CII) has called for a comprehensive review of the recognition and accounting of intangible assets as India transitions towards a digital economy. According to CII, intangible assets are crucial for value creation in modern business models, especially in sectors like Software as a Service (SaaS), Platform as a Service (PaaS), blockchain platforms, and advanced manufacturing. However, the current accounting standards, particularly India’s Financial Re...
CII calls for comprehensive review of recognition of intangible assets as India transitions towards digital economy
CII calls for comprehensive review of recognition of intangible assets as India transitions towards digital economy
Source: Accord Fintech
2025-01-23 12:47:54 pm
India emerges as most trusted place amid disruptions across the word: Ashwini Vaishnaw Union minister Ashwini Vaishnaw has said India has emerged as the most trusted place amid disruptions across the word. He said that global investors and leaders are convinced about India's potential. He stated ‘Despite all the disruptions across the world, India has emerged as a trusted place. This is a country that believes in peace, inclusion and growth for everyone.’ Talking on the sidelines of the World Economic Forum Annual Meeting in Davos, he said India has a strong ...
India emerges as most trusted place amid disruptions across the word: Ashwini Vaishnaw
India emerges as most trusted place amid disruptions across the word: Ashwini Vaishnaw
Source: Accord Fintech
2025-01-23 10:52:36 am
Big step for jute-producing farmer: PM Narendra Modi on MSP hike Prime Minister Narendra Modi on Thursday said that the Centre has taken a significant step to benefit farmers in the jute-producing sector, including in West Bengal, by approving a hike in the Minimum Support Price (MSP) of raw jute for the 2025-26 marketing season.    Taking to X, PM Modi said, "Our government has taken a big step in the interest of jute-producing farmer brothers and sisters across the country. An increase in the MSP of raw jute has been approved for the ye...
Big step for jute-producing farmer: PM Narendra Modi on MSP hike
Big step for jute-producing farmer: PM Narendra Modi on MSP hike
Source: IANS
2025-01-23 10:32:08 am
Centre sets target of 10,000 Geographical Indication tags by 2030 In a thrust to the intellectual property rights (IPR) ecosystem in the country, Union Minister of Commerce and Industry, Piyush Goyal, has set a target of 10,000 Geographical Indication (GI) tags by 2030.  The target will be achieved through a whole of government approach, and the government will constitute a committee to oversee the progress, said the minister. The number of GI tags issued by the Department for Promotion of Industry and Internal Trade (DPIIT) stands at 605 to date...
Centre sets target of 10,000 Geographical Indication tags by 2030
Centre sets target of 10,000 Geographical Indication tags by 2030
Source: IANS
2025-01-23 10:26:59 am
Odisha government constitutes Sixth State Finance Commission  The Odisha government on Wednesday constituted the 6th State Finance Commission(SFC). The Odisha Finance Department has issued a formal notification regarding the formation of the 6th SFC under the Chairmanship of retired IAS officer, Arun Kumar Panda.  The commission comprises four members, including Prof Asit Ranjan Mohanty of Xavier Institute of Management, Bhubaneswar, Prof Amaresh Samantray, Department of Economics Pondicherry University, Dr. Bibhu Prasad Nayak, Professor a...
Odisha government constitutes Sixth State Finance Commission
Odisha government constitutes Sixth State Finance Commission
Source: IANS
2025-01-23 10:11:05 am
Experts see huge potential for developing India’s Blue Economy  Shipping industry experts see immense scope for India emerging as a Blue Economy as the country occupies an important position in the global maritime industry with a coastline spanning 7517 kilometres that is home to 12 major ports and around 200 non-major ports handling around 1550 million tons of cargo per year. Besides, the country has 2 million square kilometres of rich and varied resources in its exclusive economic zones.  “As much as 95 per cent of India's trade ...
Experts see huge potential for developing India’s Blue Economy
Experts see huge potential for developing India’s Blue Economy
Source: IANS
2025-01-23 09:21:10 am
Centre hikes MSP of raw jute by Rs 315 for 2025-26 season The Centre has approved an increase of Rs 315 per quintal in the Minimum Support Price (MSP) of raw jute for the marketing season of 2025-26. Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, fixed the MSP of Raw Jute (TD-3 grade) at Rs 5,650/- per quintal for the 2025-26 season. This would ensure a return of 66.8 per cent over the all-India weighted average cost of production. The approved MSP of raw jute for Marketing season 2025-26 is in line with...
Centre hikes MSP of raw jute by Rs 315 for 2025-26 season
Centre hikes MSP of raw jute by Rs 315 for 2025-26 season
Source: IANS
2025-01-22 05:14:20 pm
Department of Commerce introduces Diamond Imprest Authorization Scheme With an aim to enhance the global competitiveness of India’s diamond sector, Department of Commerce, Government of India has introduced the Diamond Imprest Authorization (DIA) Scheme. Among the key features, this scheme allows the duty-free import of Natural Cut and Polished Diamonds, of less than 1/4 Carat (25 Cents). This scheme mandates export obligation with a value addition of 10 per cent. All Diamond exporters holding Two Star Export House status and above and having $15 Million e...
Department of Commerce introduces Diamond Imprest Authorization Scheme
Department of Commerce introduces Diamond Imprest Authorization Scheme
Source: IANS
2025-01-22 12:10:25 pm
Share of renewables in India`s overall energy mix expected to remain stable at 21% in FY25: Ind-Ra India Ratings and Research (Ind-Ra) in its latest report has said that the share of renewables including large hydro in the country's overall energy mix is expected to remain stable at nearly 21 per cent in FY25. The balance will be largely contributed by thermal capacity. As per official data, as of December 2024, India's overall power generation capacity was at 462 GW, of which 209.444 GW was renewables including hydro. Further, the agency said that it expects all-India energy re...
Share of renewables in India`s overall energy mix expected to remain stable at 21% in FY25: Ind-Ra
Share of renewables in India`s overall energy mix expected to remain stable at 21% in FY25: Ind-Ra
Source: Accord Fintech
2025-01-22 10:41:54 am
WEF 2025: Gita Gopinath says India needs more reforms to become $10 trillion economy India continues to be the world's fastest-growing major economy but the country will need much bigger structural reforms to further accelerate growth for achieving the goal of becoming a $10 trillion developed economy by 2047, according to IMF Deputy Managing Director Gita Gopinath. The recent moderation in India's growth trajectory was due to a slowdown in public investments as the election process was underway, she pointed out. "We expect public investments to bounce back...
WEF 2025: Gita Gopinath says India needs more reforms to become $10 trillion economy
WEF 2025: Gita Gopinath says India needs more reforms to become $10 trillion economy
Source: IANS
2025-01-21 04:45:54 pm
India projected to account for 16 pc of global consumption by 2050 India is projected to account for 16 per cent of global consumption by 2050, up from 9 per cent in 2023, McKinsey Global Institute said in a report on 'Dependency and Depopulation: Confronting the Consequences of New Demographic Reality'. Only North America, with a 17 per cent share in 2050, will have a higher consumption share. The estimates have been calculated on the basis of purchasing power parity which equalises the price differences between countries. The increase is larg...
India projected to account for 16 pc of global consumption by 2050
India projected to account for 16 pc of global consumption by 2050
Source: IANS
2025-01-21 02:43:25 pm
RBI likely to announce significant changes to Liquidity Management Framework: SBI report The State Bank of India (SBI) in its latest report has said that the Reserve Bank of India (RBI) is likely to announce significant changes to its Liquidity Management Framework (LMF). These adjustments could include daily Variable Rate Repo (VRR) auctions as the first step, alongside innovative measures to balance liquidity needs and strengthen the banking system. SBI said ‘More changes in RBI Liquidity Management Framework likely…Daily VRR the first step…Such changes and ...
RBI likely to announce significant changes to Liquidity Management Framework: SBI report
RBI likely to announce significant changes to Liquidity Management Framework: SBI report
Source: Accord Fintech
2025-01-21 12:50:14 pm
Skydo receives RBI In-Principle Authorization to Operate as a Payment Aggregator-Cross Border (PA-CB) entity Skydo Technologies Private Limited, a leading cross-border payments company, has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator-Cross Border (PA-CB) entity. Skydo is among the first companies in the cross-border payments space to receive this authorization. This further strengthens Skydo’s mission of making cross-border payments compliant, seamless and cost-effective for India’s exporters. Skydo started operations in ...
Skydo receives RBI In-Principle Authorization to Operate as a Payment Aggregator-Cross Border (PA-CB) entity
Skydo receives RBI In-Principle Authorization to Operate as a Payment Aggregator-Cross Border (PA-CB) entity
Source: PR Agency
2025-01-21 12:45:36 pm
RBI introduces revised framework for ARC-borrower settlements The Reserve Bank of India (RBI) has issued revised guidelines for the settlement of dues payable by borrowers to Asset Reconstruction Companies (ARCs) on January 20, and to take immediate effect. According to RBI, the revision, issued under Sections 9 and 12 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, is intended to improve transparency, accountability, and efficiency in settlement processes carried out by ARCs. ARCs are now ...
RBI introduces revised framework for ARC-borrower settlements
RBI introduces revised framework for ARC-borrower settlements
Source: Accord Fintech
2025-01-21 10:12:42 am
41 pc divisive pool given to states in previous finance commission: Arvind Panagariya Chairman of the 16th Financial Commission of India Arvind Panagariya on Monday said that as per the recommendations of the previous commission, 41 per cent divisive pool went to the states while 59 per cent went to the Centre.  The members of the 16th Finance Commission of India have been visiting Sikkim and they were in Gangtok on Monday. Addressing media persons in Gangtok, Panagariya said, “As per the 15th Financial Commission, 41 per cent of the divisible pool has gone to...
41 pc divisive pool given to states in previous finance commission: Arvind Panagariya
41 pc divisive pool given to states in previous finance commission: Arvind Panagariya
Source: IANS
2025-01-21 09:35:31 am
India to shift focus to railways from road transport in infrastructure push, say sources  India will bump up spending on the modernisation of its railways in the upcoming federal budget while marginally increasing allocations to road building, two government sources said. Prime Minister Narendra Modi's government has ramped up infrastructure spending, particularly on the road network, since the pandemic to drive economic growth, but execution challenges could see the focus shift to the railways, the sources said. Finance Minister Nirmala Sitharaman will present the...
India to shift focus to railways from road transport in infrastructure push, say sources
India to shift focus to railways from road transport in infrastructure push, say sources
Source: Reuters
2025-01-20 05:47:28 pm
India has emerged as bright spot amid challenging global environment: CII survey The Confederation of Indian Industry (CII) in its survey report has said that even though geopolitical fault lines have disrupted global supply chains and have posed serious challenges to global growth, India has emerged as a bright spot amid this challenging global backdrop. The sound economic policies initiated by the Government helped revive the economy with emphasis on public capex-led growth. This pan-India survey is an ongoing initiative, which would be completed for 500 firms by the...
India has emerged as bright spot amid challenging global environment: CII survey
India has emerged as bright spot amid challenging global environment: CII survey
Source: Accord Fintech
2025-01-20 03:31:09 pm
Government target of $1 trillion export by 2030 includes $250 billion from engineering sector: Commerce Secretary Expressing optimism over India’s exports growth, Commerce Secretary Sunil Barthwal has said the government's target of $1 trillion export includes $250 billion from the engineering sector. The government has set a target to achieve $1 trillion export from India by 2030.  He said ‘India is known for leather, textile and traditional sectors but engineering sector in India which includes automobiles, equipment etc is almost close to 25 per cent of the total exports. Tomor...
Government target of $1 trillion export by 2030 includes $250 billion from engineering sector: Commerce Secretary
Government target of $1 trillion export by 2030 includes $250 billion from engineering sector: Commerce Secretary
Source: Accord Fintech
2025-01-20 01:52:57 pm
WEF chief forecasts 7 to 8 pc growth for India on back of economic reforms World Economic Forum (WEF) president and CEO Borge Brende has forecast a 7 to 8 per cent GDP growth for India on the back of higher investments driven by economic reforms.  In an exclusive interview with NDTV in Switzerland’s Davos, Brende said, "India has a great potential, and it is still growing pretty well, 6 per cent this year. But there is no reason why India cannot pick up again and do 7 per cent, 8 per cent, provided that there are reforms on investments, infrastruc...
WEF chief forecasts 7 to 8 pc growth for India on back of economic reforms
WEF chief forecasts 7 to 8 pc growth for India on back of economic reforms
Source: IANS
2025-01-20 01:50:01 pm
RBI steps to boost liquidity in banking system are smart, pragmatic: SBI More changes in the RBI Liquidity Management Framework are likely after the daily dynamic VRR has been taken as the first step to manage liquidity in the banking system, according to an SBI research report.  “Such changes and frontloading next round of moves are smart and pragmatic by the RBI…A delicate mix of temporary and permanent liquidity injection and withdrawal remains a work in progress,” the report states. As a corollary to intervention in the forex mark...
RBI steps to boost liquidity in banking system are smart, pragmatic: SBI
RBI steps to boost liquidity in banking system are smart, pragmatic: SBI
Source: IANS
2025-01-20 12:34:57 pm
India`s economic growth poised to rebound as domestic demand regains strength: RBI Bulletin The Reserve Bank of India (RBI) in its article on the ‘State of the Economy’ published in the January Bulletin has said that India’s economic growth is poised to rebound as domestic demand regains strength, though the stickiness in food inflation warrants careful monitoring. It also noted that the economic outlook for 2025 is divergent across countries with some loss of speed in the US; weak-to-modest recoveries in Europe and Japan; more moderate growth profiles in emerging ...
India`s economic growth poised to rebound as domestic demand regains strength: RBI Bulletin
India`s economic growth poised to rebound as domestic demand regains strength: RBI Bulletin
Source: Accord Fintech
2025-01-20 10:22:26 am
India`s Biocon urges government to exempt cancer, rare-disease drugs from tax in budget India should eliminate tax on drugs for cancer treatment and for chronic and rare diseases, the chairperson of major drugmaker Biocon Ltd said ahead of Prime Minister Narendra Modi's budget announcement, expected next month. Other than cosmetic surgeries, drugs used for treating chronic diseases such as diabetes and cancer should be exempted from tax, Kiran Mazumdar-Shaw told Reuters on Friday. "In India most of the expenses on medicines are out of pocket - even diagnostic scan...
India`s Biocon urges government to exempt cancer, rare-disease drugs from tax in budget
India`s Biocon urges government to exempt cancer, rare-disease drugs from tax in budget
Source: Reuters
2025-01-20 10:07:37 am
World Bank expects India`s fiscal deficit to shrink further amid rising tax revenues India's fiscal deficit is expected to shrink further, on the back of growing tax revenues, according to a World Bank report. The report noted that this trend is anticipated to contribute to fiscal consolidation policies of the government. "In India, fiscal deficits are expected to continue shrinking, largely on account of growing tax revenues," the report said While fiscal deficits across South Asia are predicted to remain tight, India stands out with its improving fisc...
World Bank expects India`s fiscal deficit to shrink further amid rising tax revenues
World Bank expects India`s fiscal deficit to shrink further amid rising tax revenues
Source: IANS
2025-01-19 04:42:24 pm
CII pegs India`s growth rate at 7 per cent for 2025-26 amid rising private investments An increase in private investments and employment is expected to keep India's overall growth around a stable 6.4-6.7 per cent during the current financial year and is likely to drive up the growth to 7.0 per cent in FY26, according to a survey released by apex business chamber CII on Sunday. India has emerged as a bright spot amid geopolitical fault lines that have disrupted global supply chains and posed serious challenges to global growth, the survey said. The sound economic polic...
CII pegs India`s growth rate at 7 per cent for 2025-26 amid rising private investments
CII pegs India`s growth rate at 7 per cent for 2025-26 amid rising private investments
Source: IANS
2025-01-19 04:39:24 pm
EPFO simplifies process for funds transfer, correcting personal details  The Employees’ Provident Fund Organisation (EPFO) has introduced major changes to simplify key processes for its 7.6 crore subscribers by cutting down circuitous approvals that led to delays and inconvenience.  Labour and Employment Minister Mansukh Mandaviya said the EPF members, who have linked their Universal Account Number with their Aadhaar number, can file their transfer claims online using the one-time password generated using their Aadhaar. For this too, the interv...
EPFO simplifies process for funds transfer, correcting personal details
EPFO simplifies process for funds transfer, correcting personal details
Source: IANS
2025-01-19 02:06:50 pm
Muthoot Finance only Gold loan NBFC named in RBI`s Upper Layer List for three consecutive years Muthoot Finance Ltd (MFIN), India’s largest gold financing company in terms of loan portfolio, has continued its streak as the only gold loan NBFC named in RBI’s ‘Upper Layer’ list for three consecutive years. The company received the Upper Layer status for the first time in FY’23.   In Q2FY25, the company had crossed the historic milestone of Rs 1 lakh crore in consolidated loan assets under management. In Q2 FY25, it recorded a net profit of Rs ...
Muthoot Finance only Gold loan NBFC named in RBI`s Upper Layer List for three consecutive years
Muthoot Finance only Gold loan NBFC named in RBI`s Upper Layer List for three consecutive years
Source: PR Agency
2025-01-19 02:06:00 pm
Maha CM Devendra Fadnavis leaves for Davos to attend World Economic Forum Maharashtra Chief Minister Devendra Fadnavis has left for Davos in Switzerland to attend the World Economic Forum (WEF), the CM’s office said on Sunday. Industries Minister Uday Samant and a delegation of officials from MIDC, MMRDA, and CIDCO will also participate in the conference.  Fadnavis left for Davos at midnight for the five-day event that begins on Monday. CM Fadnavis in his post on X said, “Auf nach Davos! With Maharashtra’s blessings, taking off for Davo...
Maha CM Devendra Fadnavis leaves for Davos to attend World Economic Forum
Maha CM Devendra Fadnavis leaves for Davos to attend World Economic Forum
Source: IANS
2025-01-19 10:39:29 am
WEF 2025: World keen to understand India’s economic policies, says Ashwini Vaishnaw Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, will participate in the World Economic Forum (WEF) 2025 at Davos, it was announced on Sunday.  His visit highlights India’s commitment to driving inclusive growth and transformative development, as envisioned by Prime Minister Narendra Modi, according to the Ministry of Electronics & IT. “PM Modi has focused on inclusive development that brings transformative changes in the lives of those at t...
WEF 2025: World keen to understand India’s economic policies, says Ashwini Vaishnaw
WEF 2025: World keen to understand India’s economic policies, says Ashwini Vaishnaw
Source: IANS
2025-01-19 10:35:10 am
CM Chandrababu Naidu to promote Andhra Pradesh`s global stature at World Economic Forum in Davos today Andhra Pradesh Chief Minister N. Chandrababu Naidu will attend the World Economic Forum in Davos, Switzerland, on Sunday. His agenda includes promoting Andhra Pradesh to global business leaders and industrialists for potential investments.  CM Naidu plans to highlight the state's new employment-centric industrial policies and engage with top executives to attract investments. Reputed organisations like Google have already signed agreements to invest in Andhra Pradesh. Leveragin...
CM Chandrababu Naidu to promote Andhra Pradesh`s global stature at World Economic Forum in Davos today
CM Chandrababu Naidu to promote Andhra Pradesh`s global stature at World Economic Forum in Davos today
Source: IANS
2025-01-19 09:38:02 am
India continues to outpace global peers on economic growth: Centre  As the fastest-growing large economy, with steady growth projected at 6.7 per cent over the next two fiscal years, India continues to outpace global peers and cement its position as a leader in economic resilience and progress, the government said on Saturday. The January 2025 edition of the World Bank’s Global Economic Prospects (GEP) report projects India's economy to grow at a steady rate of 6.7 per cent in both FY26 and FY27, significantly outpacing global and regional ...
India continues to outpace global peers on economic growth: Centre
India continues to outpace global peers on economic growth: Centre
Source: IANS
2025-01-19 09:17:24 am
India`s economic growth poised to rebound as demand picks up: RBI bulletin  India's economic growth is poised to rebound as domestic demand regains strength reflecting a resilience in consumption, supported by brighter agricultural prospects," according to the RBI’s monthly bulletin for January.  "There is a conducive quickening of high-frequency indicators of economic activity in the second half of 2024-25, bearing out the implicit pick-up in India’s real GDP growth for this period in the annual first advance estimates of the ...
India`s economic growth poised to rebound as demand picks up: RBI bulletin
India`s economic growth poised to rebound as demand picks up: RBI bulletin
Source: IANS
2025-01-18 01:44:24 pm
IMF projects India growth to be solid at 6.5 pc in 2025 and 2026 In India, the economic growth is projected to be solid at 6.5 per cent in 2025 and 2026, as projected in October and in line with potential, the International Monetary Fund (IMF) has said in its latest World Economic Outlook (WEO) update.  The IMF forecast comes after the World Bank projected India’s economy to grow by 6.7 per cent in the next fiscal year starting in April, slightly higher than in the current fiscal year, and continuing to top the growth tally. According to t...
IMF projects India growth to be solid at 6.5 pc in 2025 and 2026
IMF projects India growth to be solid at 6.5 pc in 2025 and 2026
Source: IANS
2025-01-18 11:13:44 am
Quote on World Economic Outlook (WEO) - January 2025 by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings Below the Quote on World Economic Outlook (WEO) - January 2025 by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings   The IMF’s latest WEO released on January 17, 2025 makes sober reading. While the IMF maintained its global growth forecast unchanged at 3.3 % both in 2025 and 2026, global headline inflation is likely to decline to 4.2 % in 2025 and to 3.5 % in 2026. In this tumultuous time, adroit risk management “requires a keen policy focus on balancing ...
Quote on World Economic Outlook (WEO) - January 2025 by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings
Quote on World Economic Outlook (WEO) - January 2025 by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings
Source: Infomerics Ratings
2025-01-18 10:52:24 am
Centre keeping close watch on food prices, farm production poised to rise The Centre is closely monitoring the prices and availability of essential food commodities to ensure affordability to the consumers and to maintain a stable price regime, the Ministry of Consumer Affairs, Food and Public Distribution said in a statement issued on Friday.  Measures like incentivising domestic production and calibrating import and export policies to ensure overall availability and affordability of essential food commodities are being taken up, the Centre stated in the s...
Centre keeping close watch on food prices, farm production poised to rise
Centre keeping close watch on food prices, farm production poised to rise
Source: IANS
2025-01-18 09:59:55 am
Media and entertainment industry contributing Rs 3 lakh crore to economy: Sanjay Jaju The media and entertainment industry is contributing Rs 3 lakh crore to the GDP, growing at a rate which is much faster than the rate at which our economy is growing, Sanjay Jaju, Secretary, Ministry of Information and Broadcasting, said on Friday.  Speaking at the 19th India Digital Summit (IDS) here, Jaju also discussed the need for regulatory reforms, including light-touch regulations and amendments to the Cinematographic Act to control piracy and promote accessibility. He also ...
Media and entertainment industry contributing Rs 3 lakh crore to economy: Sanjay Jaju
Media and entertainment industry contributing Rs 3 lakh crore to economy: Sanjay Jaju
Source: IANS
2025-01-18 09:23:04 am
UPI has potential to grow 10 times, onboard 200-300 million more people: NPCI CEO  The unified payments interface (UPI) has the potential to grow 10 times and onboard 200-300 million more people into the digital payments fold soon, Dilip Asbe, MD and CEO, the National Payments Corporation of India (NPCI), said on Friday.  Stressing that India is at the cusp of a digital payments revolution, Asbe said that from this point forward, the network effects will continue to enhance the system. “However, we need significant support from the RBI, the government...
UPI has potential to grow 10 times, onboard 200-300 million more people: NPCI CEO
UPI has potential to grow 10 times, onboard 200-300 million more people: NPCI CEO
Source: IANS
2025-01-18 09:19:45 am
Centre urged to hike import duties on aluminium products A panel of industry experts and retired bureaucrats has called for urgent policy intervention to raise import duties on primary and downstream aluminium products to 10 per cent and impose a 7.5  per cent duty on aluminium scrap to check the surge in cheap imports coming into the country.  The step is seen in keeping with the approach adopted towards other key non-ferrous metals such as zinc, tin and lead. Speaking at the webinar, 'Advancing Aluminium for Atmanirbhar Bharat...
Centre urged to hike import duties on aluminium products
Centre urged to hike import duties on aluminium products
Source: IANS
2025-01-17 05:04:19 pm
8th Pay Commission to potentially increase salaries by 25-30 pc and pensions proportionately  The 8th Pay Commission, when implemented, will potentially increase salaries of Central government employees by 25-30 per cent and pensions proportionately, industry experts said on Friday. Since the last pay hike came into effect from January 1, 2016, the next salary should be revised from January 1, 2026 as the hike in salary of Central government staff takes place after 10 years. The 8th Pay Commission is pivotal in addressing evolving economic realities and ensuring government...
8th Pay Commission to potentially increase salaries by 25-30 pc and pensions proportionately
8th Pay Commission to potentially increase salaries by 25-30 pc and pensions proportionately
Source: IANS
2025-01-17 04:46:59 pm
$36 bn FDI has flowed into auto sector in last four years, more on the way, says PM Narendra Modi Prime Minister Narendra Modi on Friday said the Indian automobile sector had attracted more than $36 billion in FDI over the last four years and this figure would go up several times in the coming years. He exhorted vehicle manufacturers to follow the mantra of ‘Make in India and Make for the World’.  After inaugurating the Bharat Mobility Global Expo 2025 at Bharat Mandapam in the national capital, the Prime Minister said India presented a huge opportunity and is an ideal...
$36 bn FDI has flowed into auto sector in last four years, more on the way, says PM Narendra Modi
$36 bn FDI has flowed into auto sector in last four years, more on the way, says PM Narendra Modi
Source: IANS
2025-01-17 01:51:15 pm
Government capex, rising consumer spending to spur India`s GDP growth in 2025-26  The Federation of Indian Chambers of Commerce and Industry (FICCI) is optimistic about India's economic outlook for 2025-26 as it expects the Government's continuing thrust on capital expenditure and an increase in consumer spending to drive growth despite the external headwinds. The apex business chamber's latest economic outlook report said that on the investment front, the government’s focus on capital expenditure is expected to remain a key growth driver in the ...
Government capex, rising consumer spending to spur India`s GDP growth in 2025-26
Government capex, rising consumer spending to spur India`s GDP growth in 2025-26
Source: IANS
2025-01-17 01:40:44 pm
India entering Amrit Kaal with strong macroeconomic fundamentals: Piyush Goyal Union Minister of Commerce & Industry, Piyush Goyal has said that India is entering the Amrit Kaal with strong macroeconomic fundamentals. The next 25 years will be a defining period for India. He said ‘Our startups will play a crucial role in realising the vision of a self-reliant, inclusive, and globally competitive India. The government is fully committed to providing all necessary support - whether it is policy initiatives, infrastructure, or access to capital - to ensure their ...
India entering Amrit Kaal with strong macroeconomic fundamentals: Piyush Goyal
India entering Amrit Kaal with strong macroeconomic fundamentals: Piyush Goyal
Source: Accord Fintech
2025-01-17 12:54:15 pm
India`s apparel exports surge 11.6% in April-December: AEPC The Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri has said that the country's apparel exports rose 11.6 per cent to $11.31 billion during the April-December period of this fiscal year due to healthy growth in markets such as the US, the UK, and Germany.  He said this is the appropriate time when India needs to capitalise the growing opportunity and accelerate the momentum to expand its global footprints and enter new markets.  AEPC Chairman said apparel ...
India`s apparel exports surge 11.6% in April-December: AEPC
India`s apparel exports surge 11.6% in April-December: AEPC
Source: Accord Fintech
2025-01-17 12:24:32 pm
Israel-Hamas ceasefire to help gems and jewellery exports pick up pace: GJEPC The ceasefire deal between Israel and Hamas will pave the path for gems and jewellery exports to pick up pace in the coming months, the Gems and Jewellery Export Promotion Council (GJEPC) said on Friday.  The GJEPC data showed that overall gross exports of gems and jewellery in December stood at $1967.98 million (Rs 16,719.460 crore), down from the same month in previous year due to economic uncertainty amid geo-political conditions, as buyers leaned more towards yellow metal as safe ...
Israel-Hamas ceasefire to help gems and jewellery exports pick up pace: GJEPC
Israel-Hamas ceasefire to help gems and jewellery exports pick up pace: GJEPC
Source: IANS
2025-01-17 12:06:33 pm
ICRA lowers road execution forecast to 10,000-10,500 km in FY25 Ratings agency ICRA in its latest report has revised its forecast of road execution by the Ministry of Road Transport and Highways (MoRTH) in FY2025 to 10,000-10,500 km from its earlier estimate of 12,500-13,000 km. The same is on account of the General Elections in Q1 FY2025 and prolonged monsoon in certain geographies, which affected productive days, resulting in a decline in execution during that period, which is already reflecting in execution done till 8M FY2025.  The report stat...
ICRA lowers road execution forecast to 10,000-10,500 km in FY25
ICRA lowers road execution forecast to 10,000-10,500 km in FY25
Source: Accord Fintech
2025-01-17 11:57:16 am