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Tripura developed 25,000 ha organic land; 1,300 MT produce exported: Minister The Agriculture and Farmers’ Welfare Department of Tripura has exported 1,332 metric tons of organic products, including scented rice, bird’s eye chilli, ginger, turmeric and delicious pineapple, to several countries and many Indian states in the last three years, said Agriculture and Farmers’ Welfare Minister Ratan Lal Nath on Wednesday.  Addressing the first-ever Organic Buyer-Seller meet, the minister informed that the state has developed more than 25,000 hectares...
Tripura developed 25,000 ha organic land; 1,300 MT produce exported: Minister
Tripura developed 25,000 ha organic land; 1,300 MT produce exported: Minister
Source: IANS
2025-07-09 06:16:24 pm
Over 1.15 crore public grievances redressed between 2019 and 2025: Centre More than 1.15 crore grievances have been redressed between 2019 and 2025, said the Centre on Wednesday, indicating the trust citizens are showing in government.  Addressing the National Workshop on “Effective Redressal of Public Grievances, NextGen CPGRAMS and Progress Review,” Minister of State for Department of Personnel, Public Grievances and Pensions Jitendra Singh traced the evolution of grievance redressal in India. The MoS said that from about two lakh grievance...
Over 1.15 crore public grievances redressed between 2019 and 2025: Centre
Over 1.15 crore public grievances redressed between 2019 and 2025: Centre
Source: IANS
2025-07-09 05:50:27 pm
India offers domestic circular battery economy worth $3.5 billion by 2030 India has the potential to develop a domestic circular battery economy worth $3.5 billion by 2030, aligned with its growing demand for electric vehicles (EVs), consumer electronics and energy storage systems, a report said on Wednesday.  India currently recycles only 1 per cent of its end-of-life lithium-ion batteries into usable materials. This low recovery rate signals an urgent environmental challenge and a major economic opportunity waiting to be unlocked. The report, launched ...
India offers domestic circular battery economy worth $3.5 billion by 2030
India offers domestic circular battery economy worth $3.5 billion by 2030
Source: IANS
2025-07-09 05:45:04 pm
India Loses 5% of GDP to Rust—Vedanta Chairman Calls for Urgent Adoption of Galvanized Steel In a powerful appeal to policymakers, infrastructure developers, and manufacturers, Anil Agarwal, Chairman of Vedanta Ltd., has highlighted an invisible yet massive drain on the Indian economy, the corrosion of steel and iron. “Every year, India loses nearly 5% of its GDP due to rusting, a silent destroyer accelerated by monsoon moisture and humidity,” Mr. Agarwal stated in his social media post. “This loss is entirely preventable.” He called for a nationwide pus...
India Loses 5% of GDP to Rust—Vedanta Chairman Calls for Urgent Adoption of Galvanized Steel
India Loses 5% of GDP to Rust—Vedanta Chairman Calls for Urgent Adoption of Galvanized Steel
Source: PR Agency
2025-07-09 05:14:14 pm
Rainfall Makes a Comeback; Kharif Sowing on Track By CareEdge Ratings Rainfall Makes a Comeback After a Slow Start; Regional Patterns Need Monitoring The South-West monsoon began earlier than usual this year but weakened midway through June. However, it regained momentum towards the end of the month, pushing cumulative rainfall into surplus territory. As of 7th July 2025, India’s cumulative rainfall stands at 15% above the Long Period Average (LPA) (Refer Exhibit 1). Regionwise, North-West and Central regions recorded rainfall at 37% and 42% above LPA...
Rainfall Makes a Comeback; Kharif Sowing on Track By CareEdge Ratings
Rainfall Makes a Comeback; Kharif Sowing on Track By CareEdge Ratings
Source: CareEdge Ratings
2025-07-09 04:37:10 pm
India`s economic fundamentals strong, investors prefer balanced risk strategies: AMFI CEO While market volatility has made some investors cautious, we’re also witnessing a healthy shift towards hybrid and arbitrage funds -- a trend that shows maturing investor behaviour and a preference for balanced risk strategies in uncertain times, Venkat N Chalasani, CEO of the Association of Mutual Funds in India (AMFI), said on Wednesday.  India’s economic fundamentals remain strong, and we continue to encourage investors to stay committed to their financial goals, he sai...
India`s economic fundamentals strong, investors prefer balanced risk strategies: AMFI CEO
India`s economic fundamentals strong, investors prefer balanced risk strategies: AMFI CEO
Source: IANS
2025-07-09 02:33:41 pm
India`s retail asset securitisation market sees 6 pc growth in Q1 FY26 The retail asset securitisation market in India has shown steady growth in the first quarter (Q1) of FY26, with a total transaction volume of Rs 52,000 crore, a new report said on Wednesday.  This includes both pass-through certificate (PTC) issuances and direct assignment (DA) transactions, according to CareEdge Ratings report.  The volume represents a 6 per cent growth over the same period previous year.  Despite this, the market's stability is a positive sign, d...
India`s retail asset securitisation market sees 6 pc growth in Q1 FY26
India`s retail asset securitisation market sees 6 pc growth in Q1 FY26
Source: IANS
2025-07-09 01:48:01 pm
Indian NBFCs to clock 25 pc growth in education loan AUM in FY26 amid US uncertainties For non-banking finance companies (NBFCs) in India, education loans have been the fastest-growing asset class, clocking over 50 per cent growth in the assets under management (AUM) over the past few years, a report said on Wednesday. This fiscal (FY26), growth is seen moderating to 25 per cent with AUM reaching Rs 80,000 crore.  The pace is likely to halve this fiscal as disbursements for pursuing educational courses in the US decelerate following a raft of policy changes in that coun...
Indian NBFCs to clock 25 pc growth in education loan AUM in FY26 amid US uncertainties
Indian NBFCs to clock 25 pc growth in education loan AUM in FY26 amid US uncertainties
Source: IANS
2025-07-09 12:23:04 pm
Auto component makers hope India-US trade deal to conclude soon Auto component makers are hopeful that India will soon seal a trade deal with the US, which is the single-largest market for Indian manufacturers. The government has been regularly consulting with the auto components industry amid the ongoing talks for an interim trade deal between India and the US. The comments have come against the background of the US suspending reciprocal tariffs until August 1, 2025. The earlier deadline was ending on July 9, 2025.  Automotive Component Manufactu...
Auto component makers hope India-US trade deal to conclude soon
Auto component makers hope India-US trade deal to conclude soon
Source: Accord Fintech
2025-07-09 12:15:35 pm
Retail Securitisation: Market Sustains Momentum in Q1FY26 with Rs.52,000 crore of volumes by CareEdge Ratings The retail asset securitisation market has demonstrated resilience and consistency in Q1FY26, with a total transaction volume of Rs.52,000 crore, comprising both pass-through certificate (PTC) issuances and direct assignment (DA) transactions. This represents a modest 6% growth recorded in Q1FY25, indicating a stable yet slightly subdued expansion. The sustained momentum reflects the underlying strength of the securitisation ecosystem, supported by robust credit demand, investor confidence, a...
Retail Securitisation: Market Sustains Momentum in Q1FY26 with Rs.52,000 crore of volumes by CareEdge Ratings
Retail Securitisation: Market Sustains Momentum in Q1FY26 with Rs.52,000 crore of volumes by CareEdge Ratings
Source: CareEdge Ratings
2025-07-09 12:10:11 pm
National strategy on critical materials required to deal with rare magnet shortage: ACMA The auto component industry body Automotive Component Manufacturers Association of India (ACMA) has sought a national strategy on critical materials to secure electric vehicle production in the country as shortage of rare earth magnets pose potential production losses to the industry. ACMA President Shradha Suri Marwah has assured that the industry is agile and has started to work on alternative solutions to tackle the rare earth shortages.  She highlighted that despite various geopol...
National strategy on critical materials required to deal with rare magnet shortage: ACMA
National strategy on critical materials required to deal with rare magnet shortage: ACMA
Source: Accord Fintech
2025-07-09 12:06:19 pm
Employment Linked Incentive scheme to boost job creation, social security: Randhir Kumar Regional PF Commissioner-I Randhir Kumar of Employees' Provident Fund Organisation (EPFO) has said that the Employment Linked Incentive (ELI) announced in the budget for 2024-25 with an outlay of Rs 1 lakh crore, will promote job creation and provide social security. Kumar said that the scheme is aimed at incentivising creation of 35 million jobs over a period of two years, that it will be effective from August 1, 2025, and to continue till July 31, 2027. He said out of the total of 35...
Employment Linked Incentive scheme to boost job creation, social security: Randhir Kumar
Employment Linked Incentive scheme to boost job creation, social security: Randhir Kumar
Source: Accord Fintech
2025-07-09 11:10:51 am
India Strategy : Macro update - growth impulses still weak by Emkay Global Financial Services Ltd Our assessment of a large set of concurrent indicators shows that India’s macro recovery is still WIP. Consumption growth remains weak, barring some bright spots, and government capex growth is driven by a temporary weak base. Monetary transmission has yet to become visible. This does not affect our central thesis of a 2HFY26 recovery, although the lack of visible growth cannot be ignored. We turn cautious on the markets for now, with the Nifty anyway set to touch our Mar-26 target of 2...
India Strategy : Macro update - growth impulses still weak by Emkay Global Financial Services Ltd
India Strategy : Macro update - growth impulses still weak by Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2025-07-09 10:29:09 am
Centre sets ball rolling for biggest round of oil & gas hunt with `Urja Varta` meet on July 17 Minister of Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said that he was looking forward to engaging with ministers, officials and industry leaders at Urja Varta 2025 at Bharat Mandapam on 17 July in the run-up to India’s Round X of exploration & production bidding for oil and gas blocks, which is the biggest globally. The oil and gas blocks being offered under the Open Acreage Licensing Programme (OALP) have already garnered attention from global and domestic energy ...
Centre sets ball rolling for biggest round of oil & gas hunt with `Urja Varta` meet on July 17
Centre sets ball rolling for biggest round of oil & gas hunt with `Urja Varta` meet on July 17
Source: IANS
2025-07-09 09:30:58 am
Q1FY26 Earnings Preview - Banks, Financial Services & Insurance (BFSI) by Axis Securities Ltd Banks and SFBs – NIM Compression Sharp; Earnings Momentum Derails The systemic credit growth (as of 13th June, 2025) has derailed to <10%. This can be attributed to a meaningful slowdown in the unsecured loans amidst continued asset quality challenges alongside banks, mainly private banks, intending to bring down their LDRs to a balanced level. We expect the bank under our coverage to deliver ~11% YoY credit growth, marginally ahead of industry growth. We would watch out for manag...
Q1FY26 Earnings Preview - Banks, Financial Services & Insurance (BFSI) by Axis Securities Ltd
Q1FY26 Earnings Preview - Banks, Financial Services & Insurance (BFSI) by Axis Securities Ltd
Source: Axis Securities Ltd
2025-07-08 05:04:47 pm
Views on BRICS Summit 2025 by Dr. Manoranjan Sharma, Chief Economist, Infomerics Valuation and Ratings Ltd Below the Views on BRICS Summit 2025 by Dr. Manoranjan Sharma, Chief Economist, Infomerics Valuation and Ratings Ltd    Building Resilience and Innovation for Cooperation and Sustainability: Unpacking the BRICS Summit Agenda The 2025 BRICS Summit, held in Rio de Janeiro, unfolded against a backdrop of growing global uncertainty and rising geopolitical tensions. The official declaration, a sprawling 47-page document with 126 paragraphs and more than 16,000 words, touche...
Views on BRICS Summit 2025 by Dr. Manoranjan Sharma, Chief Economist, Infomerics Valuation and Ratings Ltd
Views on BRICS Summit 2025 by Dr. Manoranjan Sharma, Chief Economist, Infomerics Valuation and Ratings Ltd
Source: Infomerics Valuation and Ratings Ltd
2025-07-08 03:56:27 pm
India continues to outperform most of other economies: HSBC Mutual Fund`s Kailash Kulkarni The Indian fundamentals are very strong in the long term and the country continues to outperform most of the other economies – a trend that would continue for the next several years, Kailash Kulkarni, CEO, HSBC Mutual Fund, said on Tuesday.  Speaking to IANS, Kulkarni said that when people say this is the decade of India, they are absolutely right. “There is a strong government support, especially around manufacturing and digital adoption, which gives a big plus to this...
India continues to outperform most of other economies: HSBC Mutual Fund`s Kailash Kulkarni
India continues to outperform most of other economies: HSBC Mutual Fund`s Kailash Kulkarni
Source: IANS
2025-07-08 03:52:50 pm
Gujarat records 145 pc surge in taxpayers base since 2017 Gujarat has witnessed a 145 per cent increase in its taxpayer base in eight years since the implementation of the Goods and Services Tax (GST), according to the state government.  From just over 5.15 lakh taxpayers in 2017, the state now has 12.66 lakh registered taxpayers as of the 2024–25 fiscal year. Since the rollout of the GST, Gujarat has emerged as one of India's top-performing states in terms of tax compliance, revenue growth, and digital integration. Once tang...
Gujarat records 145 pc surge in taxpayers base since 2017
Gujarat records 145 pc surge in taxpayers base since 2017
Source: IANS
2025-07-08 03:48:30 pm
RRBs' IT integration to be completed by September 15: NABARD Chairman NABARD Chairman Shaji KV has said that IT integration of recently amalgamated Regional Rural Banks (RRBs) on the principles of 'One State One RRB' is expected to be completed by September 15, 2025. The amalgamation of RRBs on the principles of 'One State One RRB' became effective from May 1. This was aimed at improving scale efficiency and cost rationalisation. With this, now, there are 28 RRBs in 26 states and 2 UTs with more than 22,000 branches covering 700 districts. ...
RRBs' IT integration to be completed by September 15: NABARD Chairman
RRBs' IT integration to be completed by September 15: NABARD Chairman
Source: Accord Fintech
2025-07-08 12:34:47 pm
Demand recovery to help Cement makers to reclaim decadal average profitability this fiscal: Crisil The rating agency Crisil in its latest report estimated that India’s cement demand growth to recover to 6.5%-7.5% this fiscal (2025-2026), after falling to around 5% last fiscal (2024-2025). It added that the recovery in demand growth coupled with an uptick in realizations will lift operating profitability by around Rs 100, to a level just above the decadal average. According to Crisil, this fiscal, cement demand will be driven by a 7-8% growth in the rural housing segment, which accoun...
Demand recovery to help Cement makers to reclaim decadal average profitability this fiscal: Crisil
Demand recovery to help Cement makers to reclaim decadal average profitability this fiscal: Crisil
Source: Accord Fintech
2025-07-08 12:18:40 pm
Debt securitisation volumes inch up to Rs 49,000 crore during Q1FY26: Crisil Crisil Ratings in its latest report has said that debt securitisation volumes have inched up to Rs 49,000 crore during April-June 2025 (Q1FY26) as compared to Rs 45,000 crore recorded in the year-ago period. It said the total number of originators in these securitisations, wherein a lender hands over future receivables on a single or a bunch of loans to a new entity usually on a discount, was around 90. According to the report, issuances by non-banking financial companies (NBFCs), led by l...
Debt securitisation volumes inch up to Rs 49,000 crore during Q1FY26: Crisil
Debt securitisation volumes inch up to Rs 49,000 crore during Q1FY26: Crisil
Source: Accord Fintech
2025-07-08 11:25:46 am
Home-cooked veg, non-veg thalis get cheaper in June as inflation cools The cost of home-cooked vegetarian and non-vegetarian thalis declined 8 per cent and 6 per cent (year-on-year), respectively, in June, a report showed on Tuesday.  The decline in vegetarian thali cost on-year was due to a sharp drop in prices of vegetables on a high base, according to the Crisil Intelligence report. “The cost of both vegetarian and non-vegetarian thalis declined on-year in June, driven by softening vegetable prices. Tomato prices, in particular, saw a sharp o...
Home-cooked veg, non-veg thalis get cheaper in June as inflation cools
Home-cooked veg, non-veg thalis get cheaper in June as inflation cools
Source: IANS
2025-07-08 10:53:37 am
DFS Secretary urges fintechs to focus on driving offline payment solutions Department of Financial Services (DFS) Secretary M Nagaraju said that he has urged fintechs to focus on driving offline payment solutions to enhance financial inclusions. He highlighted that financial inclusion is increasingly recognised as a major factor in economic growth and poverty alleviation on a global scale. He pointed out that seven of the 17 United Nations Sustainable Development Goals (UN SDGs) are directly connected to financial inclusion. This suggests the importance of improv...
DFS Secretary urges fintechs to focus on driving offline payment solutions
DFS Secretary urges fintechs to focus on driving offline payment solutions
Source: Accord Fintech
2025-07-08 10:28:49 am
BRICS must amplify the voice of Global South: FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Monday said that BRICS is a vital platform for advancing inclusive multilateralism, and especially when global institutions are facing a crisis of legitimacy and representation, it must lead by example by reinforcing cooperation, advocating credible reforms, and amplifying the voice of the Global South.  Addressing the BRICS Finance Ministers and Central Bank Governors meeting here, she highlighted India's demonstrated resilience through a co...
BRICS must amplify the voice of Global South: FM Nirmala Sitharaman
BRICS must amplify the voice of Global South: FM Nirmala Sitharaman
Source: IANS
2025-07-08 09:41:37 am
Securitisation volume rises to Rs 49,000 crore in Q1 as NBFCs lead charge Securitisation volume rose nearly 9 per cent to around Rs 49,000 crore in the first quarter (April-June) of 2025-26, compared with Rs 45,000 crore in the same quarter of the previous financial year, according to a Crisil Rating report released on Monday.  Issuances by non-banking financial companies (NBFCs), led by large players, posted a strong year-on-year growth of about 24 per cent. This helped offset the lower origination volume by banks, supporting the overall securitisation mar...
Securitisation volume rises to Rs 49,000 crore in Q1 as NBFCs lead charge
Securitisation volume rises to Rs 49,000 crore in Q1 as NBFCs lead charge
Source: IANS
2025-07-07 05:27:30 pm
India`s service sector scales new heights towards $5 trillion economy India's service sector is demonstrating a significant role in the country’s journey towards becoming a $5 trillion economy, a report said on Monday.  For decades, the sector has not only been contributing massively to India's gross domestic product (GDP) but has also become the key driving force to the nation's economy, rising from 40 per cent contribution in GDP in the 1990s to accounting for 55 per cent gross value added (GVA) in FY25, according to the Axis Mutual ...
India`s service sector scales new heights towards $5 trillion economy
India`s service sector scales new heights towards $5 trillion economy
Source: IANS
2025-07-07 02:55:29 pm
Union Minister Rajnath Singh highlights Defence investment`s catalystic impact on India`s economy Highlighting the economic benefits of investment in the Defence sector, Union Minister Rajnath Singh on Monday stressed judicious utilisation of the Budget by spending at the right time for the right objective, underscoring the need for efficient use of the taxpayers’ money.  Speaking at the Controllers’ Conference 2025 of the Defence Accounts Department (DAD), the Minister said, “We need to be responsible in utilising the Budget as it comes from the hard-earned mone...
Union Minister Rajnath Singh highlights Defence investment`s catalystic impact on India`s economy
Union Minister Rajnath Singh highlights Defence investment`s catalystic impact on India`s economy
Source: IANS
2025-07-07 02:23:15 pm
Global capability centres show impressive 30.8 pc growth in India in Jan-June Global Capability Centres (GCCs) showed remarkable 30.8 per cent year-on-year growth in India in January-June period (H1 2025) this year, reaching 13.85 million square feet and exceeding previous annual totals, a report showed on Monday.  GCCs are leading the charge in India’s office market and on a H1 comparison, leased more space in January-June of 2025 than any previous calendar year for the same time period, according to a JLL report. This follows the momentum from last y...
Global capability centres show impressive 30.8 pc growth in India in Jan-June
Global capability centres show impressive 30.8 pc growth in India in Jan-June
Source: IANS
2025-07-07 12:12:58 pm
Commercial Vehicle Sales Volume to witness moderate growth of 2-5% in FY26 by CareEdge Ratings According to CareEdge Ratings, after two consecutive years (i.e. FY24 & FY25) of subdued growth, Commercial Vehicle (CV) wholesale volumes are expected to recover by around 2–5% in FY26. CareEdge Ratings expects the Light Commercial Vehicle (LCV) segment to grow by 2–4% in FY26, while the Medium and Heavy Commercial Vehicle (MHCV) segment is projected to grow by 4–6% during the same period. Arti Roy, Associate Director, CareEdge Ratings said, “The commercia...
Commercial Vehicle Sales Volume to witness moderate growth of 2-5% in FY26 by CareEdge Ratings
Commercial Vehicle Sales Volume to witness moderate growth of 2-5% in FY26 by CareEdge Ratings
Source: CareEdge Ratings
2025-07-07 12:05:31 pm
Construction Materials : 1QFY26E preview: Price-led recovery in margins by Kotak Institutional Equities We expect cement industry demand growth of 4-5% yoy in 1QFY26E and build in 7.5% yoy growth for our coverage universe, factoring in some market share gains and inorganic growth. As per our dealer checks, price hikes during the quarter resulted in a price increase of 4% qoq in 1QFY26 on pan-India basis, mainly led by South. We expect price hikes to improve margins sequentially in 1QFY26E, partially offset by higher costs on account of operating deleverage and higher energy costs. We expect cem...
Construction Materials : 1QFY26E preview: Price-led recovery in margins by Kotak Institutional Equities
Construction Materials : 1QFY26E preview: Price-led recovery in margins by Kotak Institutional Equities
Source: Kotak Institutional Equities
2025-07-07 11:59:00 am
$75 billion investment required to support Indian farmers to adopt climate change impact: IFAD President International Fund for Agricultural Development’s (IFAD) President, Alvaro Lario, has suggested investments worth around $75 billion are being required for small-scale farmers in India to adapt to the impact of climate change. He added that bringing finance to rural areas is a critical challenge ahead for rural communities across the world and in India. He pointed out the three important questions need to be addressed -- ‘how do we make agriculture more remunerative for farmers; h...
$75 billion investment required to support Indian farmers to adopt climate change impact: IFAD President
$75 billion investment required to support Indian farmers to adopt climate change impact: IFAD President
Source: Accord Fintech
2025-07-07 11:18:07 am
GTRI cautions against imports of GM farm products from US; may affect India`s agri exports Economic think tank Global Trade Research Initiative (GTRI) has cautioned that allowing genetically modified (GM) farm products such as soybean meal and distillers dried grains with solubles (DDGS) for animal feed from the US under the proposed trade pact would have implications for India as it may affect the country's agri exports to regions like the European Union (EU). India and the US are negotiating an interim trade pact, which is expected to be announced before July 9. DDGS is a by-...
GTRI cautions against imports of GM farm products from US; may affect India`s agri exports
GTRI cautions against imports of GM farm products from US; may affect India`s agri exports
Source: Accord Fintech
2025-07-07 11:15:34 am
FTAs will never come at the cost of national interest: Piyush Goyal Commerce and Industry Minister Piyush Goyal on Sunday stressed that India’s free trade agreements (FTAs) will never come at the cost of national interest.  Speaking at the FTII Traders Conclave in Srinagar, Goyal said the government is committed to ensuring that all trade deals are reciprocal and protect the interests of Indian traders and manufacturers. "An FTA is signed so our local goods have duty-free access to other countries and to resolve barriers in accessing oth...
FTAs will never come at the cost of national interest: Piyush Goyal
FTAs will never come at the cost of national interest: Piyush Goyal
Source: IANS
2025-07-06 04:26:35 pm
India`s economy has tripled in size over last decade India's growth story continues to draw global attention, backed by strong fundamentals and consistent performance. Over the past decade, India’s economic size has tripled from Rs 106.57 lakh crore in to Rs 331.03 lakh crore in 2024–25, with the GDP growth at a robust 6.5 per cent for the year, according to official figures released on Sunday.  The Reserve Bank of India expects this pace to continue into 2025–26. Other projections echo this optimism, with the Unit...
India`s economy has tripled in size over last decade
India`s economy has tripled in size over last decade
Source: IANS
2025-07-06 02:55:01 pm
No more a weak India under Cong, we now negotiate from position of strength: Piyush Goyal This is no more a weak India under Congress and UPA government which would negotiate and make agreements which were not in our national interests, Union Commerce MInister Piyush Goyal said on Saturday.  In a post on X social media platform, the minister said that today, India negotiates from a position of strength. "We are self confident, we can compete with anybody in the world,” Goyal posted. Stressing that India does not negotiate under deadlines, he said “We...
No more a weak India under Cong, we now negotiate from position of strength: Piyush Goyal
No more a weak India under Cong, we now negotiate from position of strength: Piyush Goyal
Source: IANS
2025-07-05 04:55:15 pm
Focused government initiatives drive India to become 4th most equal country in world In yet another significant achievement for the Prime Minister Narendra Modi-led government, India's Gini Index now stands at 25.5, making it the fourth most equal country in the world, after the Slovak Republic, Slovenia and Belarus, according to a World Bank report.  The Gini Index is a simple yet powerful way to understand how equally income, wealth or consumption is distributed across households or individuals in a country. It ranges in value from 0 to 100. A score of 0 mean...
Focused government initiatives drive India to become 4th most equal country in world
Focused government initiatives drive India to become 4th most equal country in world
Source: IANS
2025-07-05 02:17:22 pm
Centre urges consumers to use only BIS-certified helmets to bolster road safety In a major step towards ushering road safety, the Union government on Saturday appealed to consumers across the country to use only Bureau of Indian Standards (BIS)-certified helmets.  The Department of Consumer Affairs also called for strict enforcement against the manufacture or sale of helmets without BIS certification. According to data from the Ministry of Consumer Affairs, Food and Public Distribution, India has over 21 crore two-wheelers on roads. While wearing a helmet i...
Centre urges consumers to use only BIS-certified helmets to bolster road safety
Centre urges consumers to use only BIS-certified helmets to bolster road safety
Source: IANS
2025-07-05 01:47:24 pm
India has demonstrated how scale and speed can go hand-in-hand: FM Nirmala Sitharaman India, with its dual role as a leading emerging economy and a global influencer, is uniquely positioned to lead the transformation not just for itself, but for all those who share its aspirations, Finance Minister Nirmala Sitharaman has stressed.  Adrdessing the flagship ‘Governors Seminar’ on the theme 'Challenges for Financing Sustainable Development for the Global South' here during an official visit, FM Sitharaman said that financing sustainable development in ...
India has demonstrated how scale and speed can go hand-in-hand: FM Nirmala Sitharaman
India has demonstrated how scale and speed can go hand-in-hand: FM Nirmala Sitharaman
Source: IANS
2025-07-05 10:16:30 am
Quality Control Orders expanded from 14 to 156 in a decade: Minister The number of Quality Control Orders (QCOs) in the country has grown from just 14 covering 106 products in 2014 to 156 QCOs covering 672 products over the last decade, said Commerce Minister Piyush Goyal.  Addressing the 75th anniversary celebration of SGS in India in the national capital, the minister said the government is working to introduce more horizontal and product-specific standards to ensure that all goods and services made in India meet global benchmarks. Goyal also reaf...
Quality Control Orders expanded from 14 to 156 in a decade: Minister
Quality Control Orders expanded from 14 to 156 in a decade: Minister
Source: IANS
2025-07-05 10:11:25 am
Indian team returns from US after trade talks, farm & dairy products stay sticky issue India's high-level official delegation, led by chief negotiator Rajesh Agrawal, has returned from Washington after the trade talks with US officials without reaching a final agreement on the sensitive issue of trade in agricultural and dairy products that the US is pushing for.  However, there is still a glimmer of hope that an interim bilateral trade agreement may be reached at the highest political level in the two countries before the July 9 deadline for the 26 per cent hike in...
Indian team returns from US after trade talks, farm & dairy products stay sticky issue
Indian team returns from US after trade talks, farm & dairy products stay sticky issue
Source: IANS
2025-07-05 09:26:08 am
MoS Tamta calls for innovation-led road planning to boost economic growth Minister of State (MoS) for Road Transport and Highways Ajay Tamta in a meeting with experts from IIT Delhi, School of Planning and Architecture, Delhi, and industry partners on Friday, emphasised that the future of India's infrastructure lies in innovation-led, safety-integrated, and context-sensitive road planning. He called for a paradigm shift from reactive construction to proactive, innovation-led planning, where road projects are no longer isolated engineering exercises, but inte...
MoS Tamta calls for innovation-led road planning to boost economic growth
MoS Tamta calls for innovation-led road planning to boost economic growth
Source: IANS
2025-07-04 06:07:55 pm
Tax benefits available under NPS will apply to UPS: Finance Ministry The Finance Ministry announced on Friday that the tax benefits available under the National Pension Scheme (NPS) will apply mutatis mutandis to the Unified Pension Scheme (UPS), as it is an option under the former.  The measure aims to provide further impetus to the UPS. These provisions ensure parity with the existing NPS structure and provide substantial tax relief and incentives to employees opting for the UPS, according to the Finance Ministry statement. The term mutatis mutand...
Tax benefits available under NPS will apply to UPS: Finance Ministry
Tax benefits available under NPS will apply to UPS: Finance Ministry
Source: IANS
2025-07-04 05:56:12 pm
RBI withdraws Rs 1 lakh crore from banking system through VRRR auction to tackle surplus liquidity The Reserve Bank of India (RBI) on Friday withdrew Rs 1,00,010 crore from the banking system through a seven-day variable rate reverse repo (VRRR) auction.  The move is aimed at reducing the excess liquidity currently present in the banking system. According to a statement by the RBI, it received bids worth Rs 1,70,880 crore during the auction. “Out of this, the central bank accepted Rs 1,00,010 crore at a cut-off rate of 5.47 percent,” the Central Bank said in its stat...
RBI withdraws Rs 1 lakh crore from banking system through VRRR auction to tackle surplus liquidity
RBI withdraws Rs 1 lakh crore from banking system through VRRR auction to tackle surplus liquidity
Source: IANS
2025-07-04 05:35:13 pm
Quote on Debt Outlook by Puneet Pal, Head Fixed Income, PGIM INDIA Mutual Fund Below the Quote on Debt Outlook by Puneet Pal, Head Fixed Income, PGIM INDIA Mutual Fund    Bond yields across the curve edged higher in June even as the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) delivered a higher than expected rate cut of 50bps in its 6th June meeting. Apart from the larger than expected rate cut, in a totally unexpected move, Cash Reserve Ratio (CRR) was also reduced by 100bps (in four equal tranches starting from 6th&nbs...
Quote on Debt Outlook by Puneet Pal, Head Fixed Income, PGIM INDIA Mutual Fund
Quote on Debt Outlook by Puneet Pal, Head Fixed Income, PGIM INDIA Mutual Fund
Source: PGIM India Mutual Fund
2025-07-04 04:41:04 pm
Quote on Equity Markets - RBI rate cut, easing global tensions lift markets by Vinay Paharia, CIO, PGIM India Mutual Fund Below the Quote on Equity Markets - RBI rate cut, easing global tensions lift markets by Vinay Paharia, CIO, PGIM India Mutual Fund    Trade talks between the US and various countries will be of interest, particularly with China and obviously for India. While India has a larger services exposure to US, it remains to be seen if India can benefit if global supply chains reduce their dependency on China. Indian markets have rebounded quickly from Sep’24 lows and h...
Quote on Equity Markets - RBI rate cut, easing global tensions lift markets by Vinay Paharia, CIO, PGIM India Mutual Fund
Quote on Equity Markets - RBI rate cut, easing global tensions lift markets by Vinay Paharia, CIO, PGIM India Mutual Fund
Source: PGIM India Mutual Fund
2025-07-04 04:24:56 pm
Urgent steps needed to tackle reliance on Chinese imports: GTRI The think tank Global Trade Research Initiative (GTRI) has raised concerns over China's export curbs on critical minerals which are crucial for India's electronics sectors and emphasize the need for urgent measures like reverse-engineering of low- to mid-tech imports to cut overreliance on Beijing. It pointed out that China has stepped up its use of economic leverage to constrain India's industrial ambitions in series of calculated moves. It added that over the past year, as the g...
Urgent steps needed to tackle reliance on Chinese imports: GTRI
Urgent steps needed to tackle reliance on Chinese imports: GTRI
Source: Accord Fintech
2025-07-04 12:37:45 pm
DGTR initiates anti-dumping probe into import of multi-layer paperboard from Indonesia The commerce ministry's arm the Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping probe into the import of multi-layer paperboard from Indonesia following a complaint by domestic players. The Indian Paper Manufacturer Association has filed the application on behalf of the domestic industry before the DGTR for the initiation of an anti-dumping investigation concerning imports of ‘Virgin Multi-layer Paperboard’ originating in or exported from Indone...
DGTR initiates anti-dumping probe into import of multi-layer paperboard from Indonesia
DGTR initiates anti-dumping probe into import of multi-layer paperboard from Indonesia
Source: Accord Fintech
2025-07-04 12:34:07 pm
India likely to be subject to lower US tariffs compared to APAC nations: Moody`s Ratings Moody's Ratings in its outlook on Asia Pacific sovereigns has said that India may be subject to lower tariffs than many countries in the Asia Pacific (APAC), which could help the economy attract further investment and become a global manufacturing base. It said many export-reliant APAC economies were hit with very high US tariffs in April. It stated while negotiations will likely lead to some reduction in tariffs and other trade barriers on a bilateral basis, policy uncertainty is challen...
India likely to be subject to lower US tariffs compared to APAC nations: Moody`s Ratings
India likely to be subject to lower US tariffs compared to APAC nations: Moody`s Ratings
Source: Accord Fintech
2025-07-04 12:31:45 pm