Page 25 - India Economy

Govt expects PLI payouts to rise Rs 13,000 cr this year: DPIIT official

Under the $24 billion scheme, the federal government pays local manufacturers when targets such as sales are met, aiming to boost investment in manufacturing. Targets differ from sector to sector

India starts importing tomatoes from Nepal amid record spike in prices

The first lot of imports are likely to reach by Friday in Varanasi, Lucknow and Kanpur cities in northern India, Finance Minister Nirmala Sitharaman told the parliament

Govt curbs import of personal computers, laptops over 'security risk'

Move coincides with India's efforts to become a major electronics maker

LIVE: 3-member panel to monitor social media, says Haryana Home Minister

Get latest news updates from around the world here

India's overall unemployment rate falls in July due to farm demand

The total joblessness rate fell to 7.95% in July, from 8.45% in June, according to data released by private forecaster Centre for Monitoring Indian Economy

12th round of India, UK free trade agreement talks to begin from August 7

As India and the UK are close to concluding negotiations for a proposed free trade agreement (FTA), chief negotiators of both countries will hold the 12th round of talks from August 7 here, an official said. Both sides are looking at concluding the talks before the end of the year. The main issues which could come up for discussions in this round include investment treaty, reduction of duties on auto and whiskey and matters pertaining to services, the official said. The 11th round of talks was concluded last month. For that round, Commerce and Industry Minister Piyush Goyal and Commerce Secretary Sunil Barthwal visited London and took stock of the negotiations. Out of the total 26 chapters in the FTA, 19 have been closed. Investment is being negotiated as a separate agreement (bilateral investment treaty) between India and the UK and it would be concluded simultaneously with the free trade agreement. In the rules of origin chapters, product specific rules are being negotiated whi

India manufacturing PMI softens in July to three-month low: S&P Global

Manufacturers' output has increased continuously on a monthly basis since July 2021

India to become middle-income country with GDP of $6 trn by 2030: Report

The report, released by Standard Chartered Bank, assumes that India's nominal GDP growth rate will be 10 per cent per annum from now on

Top headlines: India ripe for semiconductor boom, banks' loans, and more

Business Standard brings you the top headlines at this hour

World looking at India as nursery of new possibilities: PM Narendra Modi

The world is looking at India as a nursery of new possibilities and several countries are approaching the government for setting up IIT campuses there, Prime Minister Narendra Modi said on Saturday. Delivering the inaugural address at the "Akhil Bhartiya Shiksha Samagam" on the third anniversary of the launch of the National Education Policy (NEP), the prime minister said various global universities are also interested in setting up their campuses in India. "The world is looking at India as a nursery of new possibilities. Many countries are approaching us to open IIT (Indian Institute of Technology) campuses there. Two IIT campuses -- one in Tanzania and one in Abu Dhabi -- are already about to start operations.... Various global universities are also reaching out to us, expressing their interest in setting up campuses in India," Modi said. The prime minister said judging youngsters on the basis of their language rather than their talent is the biggest injustice. "The NEP aims at .

Silicon Power to invest $121.7 mn in semiconductor plant in Odisha

Silicon carbide is a component that goes into chips used in electric cars and other industrial power and energy applications

India will be among world's top 3 economies in NDA's third term: PM Modi

Prime Minister Narendra Modi on Wednesday laid bare his blueprint for a third term of his government, saying India will become the third largest economy in the world with a faster growth rate than now. Modi government will complete 10 years in office next May and he is seeking a third term on development plank. "We have to achieve the target of making India a developed nation in the next 25 years," he said after unveiling a world-class convention centre in the heart of the national capital. India can definitely eradicate poverty, he said citing a NITI Aayog report that talked of 13.5 crore poor being lifted out of poverty. Reeling out statistics of development from the number of airports to railway line electrification to expansion of city gas during his nine-year tenure, the Prime Minister said India was the 10th largest economy when the BJP government took office in 2014. The country is now ranked fifth in the world behind the US, China, Germany and Japan. "We will make India a

Telangana has highest per capita income among all Indian states: MoSPI

Based on constant prices, Haryana topped the list with a per capita income of Rs 1,81,961 in 2022-23

SrGBs will facilitate price discovery for other fin instruments: RBI's Rao

Rao emphasised that there is a growing trend of ESG-focused funds in global financial markets, driven by institutional investors seeking greater transparency

Economy to hold top spot for GDP but not so much for jobs growth: Report

The world's most populous country aspires to leapfrog to the status of a developed nation, riding on the unprecedented demographic dividend

Top Headlines: Welfare schemes in poll-bound states, Q1FY24 results, more

Business Standard brings you the top headlines at this hour

Wealth on the move: Why are rich Indians heading for greener pastures?

According to government data, more than 1.6 million Indians have renounced their Indian citizenship since 2011, including a whopping 225,620 in 2022 alone, averaging around 618 per day

Top headlines: RIL Q1 net falls 11% on weak O2C biz, GST evasion, and more

Business Standard brings you the top headlines at this hour

India's rice export curbs put contracts for 2 million tonnes at risk

India's decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said

PM Modi holds talks with Lankan president to boost economic cooperation

Wickremesinghe arrived in Delhi on a two-day visit which is the first tour of India by a senior Sri Lankan leader since the island nation was hit by an unprecedented economic crisis last year