Page 240 - Economy

NCS portal registered 4 million employers: Labour secretary Dawra

NCS is a mission mode project under Ministry of Labour and Employment that provides a host of career-related services

Repo rate one of many factors to revive growth: MPC Member Nagesh Kumar

In particular, there was a concern about the weaknesses of the manufacturing sector, which is important for job creation due to subdued urban consumption & slow growth of private investments, he said

India ready to meet 270 GW of peak power demand during summer: Power secy

In 2024, the country was able to meet the peak power demand of 250 GW during summer against the projected demand of 260 GW

Efforts on to balance India-Japan trade by boosting exports: Piyush Goyal

In 2023-24, the country's export to Japan was $5.15 billion and imports were $17.7 billion. The trade gap was $12.55 billion

Govt must cut tariffs to progress, says Niti Aayog CEO BVR Subrahmanyam

Subrahmanyam pointed that Indonesia, Vietnam, Turkey and others have been beneficiaries of 'China plus one' strategy of global companies

MPC minutes: Rate cut appropriate monetary policy response, opined RBI Guv

Malhotra, along with five other members of the Monetary Policy Committee (MPC) had voted for a 25 basis points reduction in the short-term lending rate (repo) to 6.25 per cent

India's forex reserves fall to $635.72 billion, snapping 3-week rise

Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves

Govt mulls bailout for power utilities to retain stability amid high demand

This would be the first time since 2021 that the federal government has injected money to state power utilities, which cost the government $35 billion then

India must push 'zero for zero' strategy to address US tariffs threat: GTRI

GTRI suggested the government identify tariff lines (or product categories) where India can eliminate import duties for American imports

India's Feb biz growth hits 6-month high, driven by services: Flash PMI

Services sector's index climbed to 61.1 in February, its highest level since March of the previous year, compared to 56.5 in January

PM internship scheme: 6K interns in ONGC's plan for offshore, drilling jobs

"The number of operators in CBG is very low. Establishing cost and price reasonability is an issue, considering it is a new sector," the director said

Govt's electronics export goal faces US President Trump's tariff wall

The US is the largest market for India's electronics exports, accounting for 33 per cent of the total as of 2023-24 (FY24)

Govt readies steps ahead of likely bilateral trade deal with the US

Engaging with various departments, apprising them of sector-specific dynamics

Gujarat govt presents Rs 3.70 trillion Budget, no new tax proposed

Desai informed the House that the budget outlay of Rs 3,70,250 crore for 2025-26 indicates an increase of Rs 37,785 crore, or 11.3 per cent, compared to the previous fiscal

'India to become high-income nation by 2047 on back of services sector'

By 2047, the services sector is projected to make up 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both becoming crucial drivers of economic growth

India's GDP growth rate to slow to 6.4% in 2025: Moody's Analytics

In its report titled 'Asia-Pacific Outlook: Chaos Ahead', Moody's Analytics said growth across the Asia-Pacific economy will slow in 2025 as trade tensions knock the region's fortunes

Govt removes caste, income restrictions for free coaching under PM-CARES

Originally launched during the Sixth Five-Year Plan, the free coaching scheme has undergone multiple revisions over the years to enhance its effectiveness

Rupee performed well due to strong forex reserves, says Piyush Goyal

He also said that a skill development centre and a startup incubation centre will come up at AURIC

Tax audit is the forte of chartered accountants: ICAI President Nanda

The finance ministry has asked the chartered accountants' body to review the new Income Tax Bill 2025 and suggest improvements

Net short position of RBI's forward book swells to $67.9 billion

REER moderates to 104.82 in January