Page 175 - Economy

India's war on poverty: 171 million people rise above extreme deprivation

India's fight against poverty sees 171 million people lifted from extreme deprivation; MPI drops from 53.8% to 16.4%, reflecting a decade of transformative change across rural and urban areas

Goyal to meet Swiss, Swedish biz leaders, to discuss trade, investments

Commerce and Industry Minister Piyush Goyal is visiting Switzerland and Sweden from June 9 to 13

India key to global transition efforts, says WBCSD CEO Peter Bakker

Bakker said 'India is a strategic focus for WBCSD,' and pointed out the Council's work in areas, particularly transport and food, where the country has both major challenges

India's $80 bn coal-power generation ambition is running short of water

The world's most populous country plans to spend nearly $80 billion on water-hungry coal plants by 2031 to power growing industries like data center operations

Revised CPI series may track more markets, ecom data in major cities

Currently, monthly price data is collected from 1181 villages and 1114 markets in 310 selected towns by the field operations division of the NSO

Louder chorus now for hike in states' share of central tax revenue

Southern states like Kerala have held conclaves of Opposition-ruled states to demand a 50 per cent share for states

Solar federation to govt: Extend transmission waiver charges by a year

NSEFI has requested an ISTS charge waiver extension for renewable projects set to be commissioned by June 2026 to safeguard viability and meet clean energy targets

Massive J-K infra development stimulates rapid economic growth: L-G Sinha

The LG reiterated his commitment to decentralising the industrial infrastructure and creating opportunities in underdeveloped regions of Jammu and Kashmir

G-sec yield seen range-bound for coming months due to lack of cues

Following RBI's guidance and a CRR cut, dealers expect government bond yields to settle into a range between 6.12 and 6.28 per cent over the next few months

Maharashtra, Karnataka account for 51% of FDI in India in FY25: Govt

Maharashtra attracted maximum foreign inflows at $19.6 billion and accounted for 31 per cent of the country's total FDI during April-March 2024-25

Had a fruitful meeting with UK Foreign Secretary David Lammy: Piyush Goyal

Prime Minister Narendra Modi also met UK Foreign Secretary David Lammy and said his substantive contribution to the remarkable progress in comprehensive strategic partnership is appreciative

Maha Kumbh sparked ₹500 cr tax surge in UP, spurred economic growth: Report

The 45-day Maha Kumbh in Prayagraj boosted Uttar Pradesh's economy with ₹500 crore in extra GST and VAT collections, record fuel sales, and a surge in tourism-related sectors across key cities

India pulls 269 million out of extreme poverty in 11 years: World Bank

From 344 million to 75 million, World Bank says India's extreme poor shrank sharply over 11 years

Govt likely to amend laws to let firms explore critical minerals overseas

India will amend the Mines and Minerals Act 2023 to permit use of ₹5,600 crore for overseas critical mineral exploration and introduce a tailings policy to support extraction

MoSPI sets up working group to prepare statistical business register

The proposed business register will be prepared using data from the economic census (EC), state specific databases and central databases

RBI reviewing bank ownership structure, says Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra says the central bank is examining bank ownership structure and eligibility norms for licensing to meet the growing needs of an expanding economy

Panel formed to chart roadmap for Big Four-like company in India

A first of its kind meeting to discuss this issue was held on Friday by the Prime Minister's office

Households expect easing inflation and improved consumer confidence: RBI

According to the RBI's May survey, households see inflation easing with stable near-term and improving one-year-ahead consumer confidence in both rural and urban areas

RBI unperturbed by $52.4 bn short position in dollar forward book

The central bank's forward book saw a drop from $78 billion in February to $52.4 billion in April, with a majority of positions concentrated in the 3-12 month segment

Unlocking the potential of Indian cities as engines of growth hubs

Cities are complex, decentralised systems where economic, ecological and social dynamics interface. Urban transformations cannot be achieved by simply scripting outcomes for these interactions