Page 16 - Indian Economy

India now unstoppable, does not remain silent after terror attacks: PM Modi

Prime Minister Narendra Modi on Friday asserted that India now does not remain silent after terror attacks but hits back using surgical and air strikes. Addressing the NDTV World Summit here, he said there are several roadblocks and speed breakers but India remains "unstoppable". "India no more remains silent after terror attacks but gives befitting reply through air strikes, surgical strikes and Operation Sindoor," he said. "When wars became headlines globally, India proved naysayers wrong by continuing to march ahead as fastest growing economy," added Modi. Noting that India is not in a "mood to stop", he said as the world today faces various roadblocks and speed breakers, it is only natural to talk about an unstoppable India. "We will neither pause nor slow down. 140 crore Indians will move forward together with full momentum. "Today, India has moved from being among the fragile five to becoming one of the world's top five economies...from chips to ships, India is self-reliant

World Bank-funded Haldia multimodal terminal gets private operator

Built by IWAI with financial and technical assistance from the World Bank, the Haldia MMT in West Bengal has a capacity of 3.08 million metric tonnes per annum (MMTPA)

Five states plan to borrow ₹17K cr via state development loans next week

The state bond auction will be held on Monday due to market holidays on Tuesday and Wednesday. Meanwhile, T-bill auctions are slated for Thursday, and there will be no G-sec auction on Friday

India's foreign exchange reserves decrease by $2.1 bn to $697.7 bn

The reserves had hit a record high of $705 billion in September 2024

India must fire on all cylinders to reach Viksit Bharat goal: IMF

Krishna Srinivasan urges structural reforms, trade liberalisation, and deeper global integration

Uttar Pradesh govt pitching for investments in textile, auto sectors

Other sectors the government is working on include electric mobility, chemicals, electronics, services, for which it is eyeing big private investments

RBI doesn't target any specific level of rupee: RBI Gov Sanjay Malhotra

Inflation targeting framework improved credibility, transparency of monetary policy

Trade deficit hits 13-month high as US exports fall 12%, gold imports surge

The surge in inbound shipments in September was led by a 107 per cent jump in gold imports to $9.6 billion

Nuke suppliers' liability: Government panel calls for clear limits

The panel also highlighted the need for a precise definition of "supplier" in nuclear energy projects, to clarify that vendors providing trivial items would not fall under this definition

Tamed prices, tight leash: The hidden cost of India's inflation win

To judge how well FIT has worked, we must first ask how inflation was lowered

Centre to intensify advance-level exploration of critical mineral blocks

The government is also planning to launch a single-window clearance portal for mining projects by December, which will expedite the mining project execution, including that of critical minerals

Textiles face tariff turmoil amid US-China tensions and India's woes

According to the respondents, buyers in US are asking for up to 30 per cent discounts

High-voltage reforms: Draft power law could be a game changer for sector

Most significantly, the amendments propose to allow distribution licensees to supply power through shared networks.

Institute Cargo Clauses (A) cover general average and salvage charges

Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme

Explained: How digital payments are fuelling India's economic growth

Govt plans to introduce biometric authentication for UPI payments, but what exactly is a digital payment system and why is it important for the Indian economy?

Slow bidding for renewable energy projects threatens climate goals

A capacity of around 40.2 Gw was auctioned in FY25, following a record 47.3 Gw in FY24, according to Icra Research, based on government data

Tea sector grappling with acute financial stress: ITA Chairman Bangur

With prices down and costs up, ITA's Hemant Bangur warns of viability risks for tea estates and urges a minimum sustainable price to stabilise the sector

India's urban crisis demands urgent and coordinated city governance

From clogged drains to toxic air, India's cities face rising threats. Smarter planning and citizen engagement are key to recovery

Deregulation is flavour of the season, but caution needed in banking

Deregulation in the economy in general is a good thing. There is always a case for visiting regulations that have outlived their rationale and cramp business activity

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

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