Page 4 - Private Sector

Project stalling rate eases to 12-year low; sharper decline for pvt sector

Private-sector capex may face headwinds from a growth slowdown, suggested independent market expert Ambareesh Baliga

DCB Bank Q2FY25 results: Net up 23% on uptick in non-interest income

Advances grew by 19.29 per cent Y-o-Y to Rs 44,465 crore in Q2FY25

Private sector must lead in India's defence innovation: Rajnath Singh

He also said that the Government of India, in partnership with the Ministry of Defence, is dedicated to making India's defence sector more innovative and technology-oriented

Private sector capex likely to improve among rising biz confidence: CII

According to survey, over 60% of firms in India see rate cuts this financial year

Private sector in driver's seat of Indian economy, steering nation: Rajnath

Defence Minister Rajnath Singh on Monday said the role of the private sector is becoming increasingly prominent in nearly every area of the Indian economy and it is steering the nation's economic progress. Addressing the inauguration programme of a Sainik School at Shri Bhawani Niketan Public School here, he said Sainik schools are also being set up under the Public-Private Partnership (PPP) model. Sainik schools will give fresh impetus to efforts to give a new direction to society and instil values like discipline, patriotism and courage in their students, he said. Singh said that all Sainik schools established in the country till now were being run jointly by the central and state governments but the new schools are being established under the PPP model. "Whenever there is talk of Public-Private Partnership, the word 'public' comes first. In any project, we look at the role of the government first. But the situation is changing now. "Therefore, moving away from the standard ...

Investors to focus on US Fed interest rate decision this week: Analysts

The US Federal Reserve's interest rate decision is the biggest event that would drive sentiments in the domestic stock market this week, besides a host of macroeconomic data from the global front and trading activity of foreign investors, analysts said. The Indian equity market had an exceptional last week, with both the Nifty and Sensex hitting their all-time high levels on Thursday. The BSE benchmark breached the 83,000 level for the first time on Thursday. "One of the most anticipated events of the year is set to unfold this week with the US Federal Open Market Committee (FOMC) meeting scheduled for September 18th. It is almost certain that this will mark the beginning of an interest rate cut cycle in the US. The general consensus is for a 25 basis points (bps) rate cut, though some market participants are speculating a more aggressive 50 bps cut. "Such a move would be a significant positive trigger for global markets, particularly for emerging markets like India, as it would ...

Private sector needs to step up infrastructure investment: DFS secy

India needs to spend 8-10 per cent of Gross Domestic Product (GDP) on infrastructure for sustaining high single digit growth rate over next couple of decades

Govt, pvt sector should think of mid-term AI consequences: CEA Nageswaran

He said that labour should be treated as a resource and asset since it involves humans with emotions

ADB to devote half of its annual lending to climate finance by 2030

The new strategy comes nearly a year after ADB approved reforms to unlock $100 billion in new financing capacity over a decade, meeting a mandate from U.S. Treasury Secretary Janet Yellen

Innovation is key: Why does India's private sector not spend more on R&D?

The one most important reason on why firms may or may not undertake R&D is not government incentives but the absence of competitive forces

India needs to lead tech transition, create future jobs: Bhavish Aggarwal

Ola Founder Bhavish Aggarwal is placing bold bets on new-age technologies with a view for India to be at the forefront of the current global tech transition led by AI, and build jobs of the future in the country. In an interaction with PTI editors at the agency's headquarters here, he said the private sector has to do the bulk of job creation, step up and do more, while creating an enabling environment and correcting imbalances, such as that of trade, are the responsibility of the government. Aggarwal also supported the government's move to offer fiscal incentives to global EV makers, including Tesla, through the new EV policy saying it is important for India to attract all kinds of investment, and globally established players will help in the development of the EV ecosystem in the country. The group's newly-listed entity Ola Electric aims to make India a global electric vehicle (EV) hub but the country has to invent an EV and energy transition paradigm for itself based on its needs

Private sector drives India's AI ambition with govt support, policies

The participation of startups and private companies in AI is not only limited to infrastructure, policy, or capacity building but also extends to skilling and other aspects as well

Bring reservation in fourth-class jobs in private sector: Anupriya Patel

Union Minister Anupriya Patel on Sunday reiterated her demand of implementing reservation in fourth-class jobs in the private sector. "Reservation is not followed in appointments done in fourth-class posts via outsourcing in the private sector. The people of deprived sections used to get fourth-class jobs. When recruitment on these posts are done through outsourcing, no reservation law is followed," Patel said while talking to reporters. "Our party wants reservation should be followed in all the appointments in fourth-class jobs through outsourcing in the private sector," she said. On Uttar Pradesh Nazul Property (Management and use of public purposes) Bill, 2024 presented by the state government, Patel said it was "unnecessary". "It has already been sent to the Select Committee by the Upper House. The committee will look into it and give its recommendation. Our party feels it is unnecessary and against public sentiments," she said. Nazul land refers to government-owned land that

Chandra Shekhar Azad introduces bill asking pvt sector quota for SC,ST,OBC

Lok Sabha MP Chandra Shekhar Azad on Friday introduced a private member bill in Lok Sabha seeking reservation for the SCs, STs, and the OBCs in private sector, educational institutions, and other establishments that employ at least 20 people and have no government financial interest. The bill seeks to extend reservation benefits, currently meant only for public sector, to the private sector. The bill was formally titled the Reservation for the Scheduled Castes, the Scheduled Tribes and the Other Backward Classes in Private Sector Act, 2024. Under the proposed legislation, the Central government must incentivise private sector entities to implement reservations for SCs, STs, and OBCs through special concessions and facilitate lower interest loans through nationalised banks. The bill also seeks presentation of an annual report detailing the actions taken under the Act in both houses of Parliament. The Central government will be mandated to create rules to ensure the effective ...

Pvt sector owns over 52% of installed power generation capacity of 446GW

Private sector owns over 52 per cent of the total installed power generation capacity of 446GW in the country, playing an important role in the sector, Parliament was informed on Thursday. In a written reply in Lok Sabha, Minister of State for Power Shripad Naik said, "Private sector is playing an important role in India's power generation. Generation is a de-licensed activity as per the Electricity Act, 2003 and 100 per cent Foreign Direct Investment (FDI) in the power sector in India is permitted for generation from all sources (except atomic energy)." As on June 30, 2024, total installed capacity in the country is 4,46,190 MW and out of which the contribution of the private sector is approximately 2,34,065 MW i.e. 52.5 per cent, he informed the House. Also, he stated that most of the renewable energy projects in the country are being set up by private sector developers selected through a transparent bidding process. In another reply to the House, the minister said that with the

Decoded: What is Agristack system? How will it benefit agriculture sector?

In her Union Budget speech, Nirmala Sitharaman announced the Agristack DPI while adding that it will bring over six crore farmers under the formal land registry system

Need to create 8 million jobs a year until 2036, says Economic Survey

Nudges pvt sector on jobs, cautions on AI; sees GDP growing by 6.5-7% in FY25; makes a case for FDI from China

Pvt sector's offering to 'toxic mix of habits' substantial: Eco Survey

The private sector's contribution to the 'toxic mix of habits' like social media, screen time and unhealthy food that can undermine public health, productivity and diminish India's economic potential is substantial, the Economic Survey said on Monday. The survey, tabled by Finance Minister Nirmala Sitharaman in Parliament, also pointed out that 'privileging capital over labour is inimical to long-term corporate growth prospects', referring to reluctance shown by businesses to make investments citing lack of demand visibility. "For India's working-age population to be gainfully employed, they need skills and good health. Social media, screen time, sedentary habits, and unhealthy food are a lethal mix that can undermine public health and productivity and diminish India's economic potential," it said. Further, it said, "The private sector's contribution to this toxic mix of habits is substantial, and that is myopic." Stating that the emerging food consumption habits of Indians are not

Employment generation is 'real bottom line' for private sector: Eco Survey

The Economic Survey notes that businesses have an obligation to themselves to strike the right balance between deployment of capital and deployment of labour

Economic Survey: What it says on trade, private sector investment and more

The Economic Survey 2024 touched on private sector investment, noting visible green shoots but urging caution. Here's why