Page 95 - Economy

India on track to becoming third largest economy by 2028: UK PM Starmer

Earlier in the day, the UK PM held meeting with Prime Minister Narendra Modi and the two leaders addressed the India-UK CEOs Forum and Global Fintech Fest

Govt looks to increase pulses production by 40% till 2030-31 crop year

Recently, the Union Cabinet approved a six-year central scheme aimed at achieving self-sufficiency in pulses production, with a financial outlay of Rs 11,440 crore

India inks critical mineral, climate change and defence deals with UK

Modi, Starmer seek to build on FTA signed on July 24

SoftBank-backed Graphcore to invest £1 bn in India, open AI chip hub

The company, owned by Japan's SoftBank, will also create 500 new semiconductor jobs

E-way bill generation hits record high in September, shows GSTN data

According to experts, the surge in e-way bill volumes reflects a pick-up in goods movement ahead of the festive season

India-UK bilateral trade to double by 2030, says PM Narendra Modi

Modi said that the India-UK free trade pact is expected to strengthen micro, small and medium enterprises (MSMEs) in India, thereby creating opportunities for youth employment

Govt revises textile PLI scheme to boost investment and ease norms

The revised PLI scheme for textiles cuts investment limits, eases eligibility norms, and extends deadlines to attract wider participation from the industry

Agri department looks to fast-forward work on 'Rising Rajasthan' MoUs

According to the agriculture department secretary Rajan Vishal, projects to construct five new modern grain storage silos with an investment of ₹253 crore were approved in the meeting

Beijing seeks assurance from India on no US re-export of heavy rare earths

China has reportedly asked India to give a written assurance that heavy rare earth magnets imported from its firms will not be re-exported to the US and will be used only for domestic needs

India could gain ₹3.6 trillion annually from better eye health: Report

A global study says basic eye care like screenings and glasses can yield ₹16 for every ₹1 spent, boosting India's productivity and education outcomes

Soybean prices crash 39% below MSP, oilseeds, pulses also decline

As kharif harvest nears, mandi rates of major crops like soybean, arhar, and moong fall sharply below MSP, raising concerns over farmers' income

Govt to launch ₹7,350 cr plan to boost production of rare-earth magnets

The scheme aims to build a full domestic manufacturing chain for sintered rare earth permanent magnets used in EVs, electronics, and defence

PM Modi inaugurates infra projects worth ₹31,850 crore in Maharashtra

Projects include the first phase of Navi Mumbai International Airport and the second phase of Mumbai Metro Line 3, connecting South Mumbai with key suburbs

India-UK joint panel to oversee to oversee trade deal implementation

"Meeting marked significant step towards operationalising CETA, with both ministers agreeing to reposition Joint Economic and Trade Committee to oversee implementation and delivery," dept said

Taking stock of US shutdown impact on trade talks, says Piyush Goyal

Commerce Minister Piyush Goyal says clarity on India-US trade negotiations is expected within a week; highlights export resilience and fintech leadership at GFF 2025

Protection for industry must come with performance obligations: CEA

Speaking at a seminar by CareEdge, Nageswaran stressed the need for an industrial policy focused on productivity and performance

Gold loan market to hit ₹15 trn in FY26, a year ahead of forecast: ICRA

ICRA says organised gold loan market to grow faster amid record gold prices, rising NBFC participation, and slowing demand for unsecured loans

Rupee settles at new closing low of 88.80 amid FPI outflows, RBI intervenes

While the rupee has been hovering near record low for the past week, the volatility remains low on likely intervention by the Reserve Bank of India (RBI), said dealers

India on track to achieve 500 GW renewable energy target by 2030: Joshi

Union minister Pralhad Joshi says India's clean energy growth, led by solar, is progressing steadily with 162 GW in the pipeline and bids floated for nearly 100 GW

India's outbound FDI moderates to $4.41 bn in September, shows RBI data

While total outward FDI dipped year-on-year, equity commitments tripled to $2.57 billion; Prime Focus, Intas, and Zydus among major overseas investors