Page 135 - Indian Economy

Cong to seek discussions on reservation, border, economy in winter session

The Congress on Saturday decided to seek discussions on issues of EWS reservation, state of the economy and situation at the border during Parliament's winter session, even as many of its leaders, including Rahul Gandhi, are unlikely to be present due to the Bharat Jodo Yatra. Besides these, the party during its parliamentary strategy group's meeting at Sonia Gandhi's residence also decided to raise the issue of "weakening" of constitutional institutions in the country. Sonia Gandhi is the chairperson of the Congress Parliamentary Party. During the session, which begins on December 7, the party is seeking to corner the government on the border issue with China, economic situation in the country, "weakening" of constitutional institutions and reservations for economically weaker sections (EWS). It will seek discussions on all these issues. Three big issues have emerged from the Congress' side for this short session of Parliament of 17 days, All India Congress Committee general ...

India's bio-economy grew 8 times under PM Modi since 2014: Union Minister

Union Minister Jitendra Singh on Saturday said India's bio-economy has grown eight times in the last 8 years under the Modi government from 10 billion dollars in 2014 to over 80 billion dollars in 2022. The Minister of State in the Prime Minister's Office said three biotech startups were incorporated every day in 2021 and a total of 1,128 biotech startups were set up last year alone, signalling the rapid growth of the sector in the country. Addressing an 'International Conference on Emerging Trends in Biosciences and Chemical Technology- 2022' here, Singh said the biotech startups have grown 100 times in the last 8 years from 52 odd startups in 2014 to 5,300 plus in 2022. The conference is being organized by Shri Mata Vaishno Devi University, School of Biotechnology, Jammu in collaboration with CSIR-IIIM Jammu and the Biotech Research Society of India, from December 3 to 5. There are 14 international participants like USA, Greece, South Korea, Scotland, Singapore, Thailand, Argenti

Yogi govt to boost real estate sector for achieving $1 trn economy goal

The Yogi Adityanath-led Uttar Pradesh government is eyeing at real estate sector as a key pillar in fulfilling its goal of making the state reach a $1 trillion economy

TMS Ep317: Industry trends, Cyberattacks, Markets, Modular nuclear reactor

What do industry trends reveal about the economy? How can India fend off cyberattacks? Will RBI play spoilsport or cheer the bull party? What is a modular nuclear reactor? Answers here

What do industry trends say about consumption and the economy?

While TVs and luxury apparel flew off the shelves in cities, rural demand for FMCG products saw a negligible jump in October. What do these industries say about consumption in India and its economy?

RBI monetary policy: Pace of tightening set to slow

Our financial system needs more time for the broad-based transmission of the past concentrated increases in the repo rate (190 basis points in just four months)

Global economy must start bracing for low inflation, says Raghuram Rajan

Central banks must ask themselves if their policies were nimble enough when inflation shifted from low to a high regime, said Rajan

States to set up district-wise price monitoring centre for essential items

A senior government official indicated that the Center is making every effort to manage the prices of basic commodities through the Price Monitoring Division

Just when things look…: Beware the surprise that catches you unprepared

As the system emerges from the Covid trauma and India shifts its sights to long-term targets, attention must turn to the underlying weaknesses that may scupper ambitious aspirations, writes T N Ninan

Dravidian model of development yet to reach full potential: TN minister

Tamil Nadu Finance minister, PTR Palanivel Thiagarajan, on Friday said that the state has yet to reach the full potential of the Dravidian model of development

Coal production for April-Nov period up 17% to touch 524mn tonnes

Domestic coal production went up by 17.13% to 524.20 million tonnes during April-November 2022 as compared 447.54 million tonnes of production recorded during the corresponding period of last year

India extends deadline to levy cap on digital payment transactions

India has decided to extend the deadline on capping the share of digital payment transactions by about two years to Dec. 31, 2024, the National Payments Corporation of India (NPCI) said on Friday

India's forex reserves rise for third straight week to $550.14 billion

India's foreign exchange reserves rose for the third straight week, to $550.14 billion in the week through November 25, RB) weekly statistical supplement showed on Friday

India's CAD likely to shoot up as net exports hit nine-year low

CAD in Q1 of 2013 was 4.9 per cent of GDP, while net exports stood at 5.93 per cent of GDP

Lockdown, protests in China may impact key sectors in India: Report

In October, India's engineering exports to China fell 64 per cent and there has been a fall in demand for cut and polished diamonds as well as gold

Consumer durable demand outlook likely to remain weak in Q3FY23

While input costs have eased, lower volumes could impact margins

Case studies on the Indian economy

Saurabh Kirpal's book is a useful guide to understanding the turns and twists of India's economic policy-making - from a relatively free enterprise environment to socialism to economic liberalisation

Economy likely to grow 6.5%-7% next fiscal year, says Sanjeev Sanyal

Global agencies such as the International Monetary Fund and the World bank, for instance, have forecast India's growth will be 6.1% and 6.0%, respectively, next fiscal

Rural distress harming MSMEs, pulling down manufacturing: Economists

Government's PLI schemes can help manufacturing and reduce import dependence in some sectors, say some experts

India's electricity consumption grows 14% to 112.81 billion units in Nov

India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period, according to the government data. The robust growth of power consumption in the month mainly indicates an increase in economic activities as generally it remains subdued in November. Experts say power consumption and demand will further increase in the coming months due to use of heating appliances, especially in the northern part of the country, and further improvement in economic activities on account of the beginning of the new rabi crop season. Farmers use electricity to run tubewells for irrigation for new crops. In November last year, power consumption was 99.32 billion units (BU), higher than 96.88 BU in the same month of 2020, the data showed. The peak power demand met, which is the highest supply in a day, last month rose to 186.89 gigawatt (GW). The peak power supply stood at 166.10 GW in November 2021 and 160.77 GW in November