Union Labour Minister Mansukh Mandaviya assured the Lok Sabha that employment generation efforts by Prime Minister Narendra Modi has led to significant reduction in the unemployment rate
In an era when global economic growth is likely to be buffeted by geopolitical tensions and protectionism, growing India's exports of goods and services will be a stiffer challenge than before
Headline numbers best communicated to common man; Govt needs to step up supply management
Union Budget 2024-25: Finance Minister Nirmala Sitharaman announced the continuation of bank credit to micro, small, and medium enterprises (MSMEs) during stress periods
Speaking on the tourism sector, Pitti said that he expects the government to put some more focus on tourism as it provides many employment opportunities
India's Chief Economic Advisor V Anantha Nageswaran has criticised developed countries for their "double standards" on climate action, highlighting the G7's commitment to ending the use of unabated coal power plants only in the first half of the 2030s, despite their high carbon emissions. In the annual economic survey, Nageswaran said it is morally wrong to ask developing countries to abandon their aspirations for better living standards to allow developed countries to maintain their lifestyles in cleaner environments and cooler climates. He argued that economic growth would empower developing countries to better address climate change. Nageswaran said the UN convention on climate change and its Paris Agreement mandate that developed countries provide resources and take the lead in mobilising finance to tackle the global problem. "However, much of the climate action by developing countries has been done through domestic resources, and the emphasis of the developed countries has mai
Nudges pvt sector on jobs, cautions on AI; sees GDP growing by 6.5-7% in FY25; makes a case for FDI from China
Here is the best of Business Standard's opinion pieces for today
Cites risks of geopolitical tensions, rise in protectionism, higher trade cost because of the Red Sea crisis, and commodity price volatility as reasons
This could be a disadvantage for the Indian economy, mentions the survey
Share of agriculture in workforce will decline from 45.8 per cent in 2023 to one-fourth in 2047, it says
"Even as developed nations prepare to impose a carbon tax at the border on imports coming into their countries laden with carbon, they are ramping up energy demand like never before," said the Survey
There are five issues that have been brought up in the Survey which requires discussion
Cites Apple, Foxconn success stories on China Plus One; Calls to strike a balance between importing goods and FDI from China
The Survey said the global trade outlook for 2024 remains positive, with merchandise trade expected to pick up after registering a contraction in volumes in 2023
Hardships caused to poor and low-income consumers can be handled through DBT, it says
A recent report by the Principle Scientific Adviser, Government of India and IIM Ahmedabad estimates India's energy demand to double by 2040
Tax revenue's continued growth, meanwhile, is led by direct taxes
A small enterprise is where the investment in plant and machinery or equipment does not exceed Rs 10 crore, and turnover does not exceed Rs 50 crore
Says mkt claim on real economy 'excessively high', warns it may lead to instability