Page 13 - Economy News

Indian delegation explores investment opportunities in S Africa, Botswana

'The African region has always been a very attractive market due to the huge market potential, so the delegation was aimed at exploring the opportunities from this very lucrative continent'

New foreign trade policy may not bank on incentives to boost exports

Set to be unveiled on Friday, it is likely to focus on export hubs, e-com

Over 30 mn women farmers registered under PM-KISAN scheme: Govt in LS

The PM-KISAN Yojana aims to supplement the financial needs of land-holding farmers

Govt to develop eastern grid with 5,000 km waterway to boost trade

Govt is planning to develop an eastern grid with 5,000 km of navigable waterway to boost regional integration and trade with South Asia and Eastern South Asia, Union minister Sarbananda Sonowal said

Strong demand to boost profits of travel operators by 6-7% in FY23,: Report

Leading travel and tour operators are expected to witness 6-7% growth in operating profit and recover 90% revenue in this financial year, mainly driven by efficient cost structure, a report said

PLI for electronics to achieve Rs 8.12-trn production target in 5 yrs: Govt

The cumulative investments under the scheme have increased to Rs 5,124 crore as of December 2022 from the earlier FY2022-23 target of Rs 3,726 crore

Telcos recorded Rs 4.17 trillion debt in 2021-22, says MoS Telecom

Six telecom companies -- including Airtel, Reliance Jio and Vodafone Idea -- had a total debt of Rs 4.17 lakh crore in fiscal 2021-22, Parliament was informed on Wednesday.

Centre to borrow 57.55% of its full-year target in H1FY24: FinMin

The government borrowing programme is scheduled to be completed in 26 weekly tranches of Rs 31,000-39,000 crore each

Poshan Tracker shows over 1,400,000 children severely malnourished: WCD

There are over 14 lakh severely malnourished children in the country as per the government's Poshan Tracker, the Women and Child Development Ministry said on Wednesday.

India to be coal exporter by 2025-26: Coal minister Pralhad Joshi

The ministry has also signed agreements for 29 coal mines auctioned under the sixth round of commercial coal mines auction

Indian economy to grow at 6.5% in coming decade: Chief Economic Advisor

The Indian economy is likely to grow at the rate of 6.5 per cent in the coming decade on the back of the turnaround in financial and investment cycle, CEA V Anantha Nageswaran said on Wednesday

Unified tariff structure for over a dozen gas pipelines to start from Apr 1

Under the new regime, industrial buyers will be charged a fixed tariff for transport of gas over three zones, up from two earlier

Rs 4,962 cr lying in inoperative accounts under EPF: Govt tells Lok Sabha

"As per paragraph 72(6) of the EPF Scheme 1952, certain accounts are classified as Inoperative Accounts. All such Inoperative Accounts, however, have definite claimants

2,364 Kisan Rail services operational; Rs 4 cr subsidy given: Vaishnaw

Since the launch of the first Kisan Rail service on August 7, 2020 till March 1, 2023, Indian Railways have run approximately 2,364 Kisan Rail services on 167 routes disbursing Rs 4 crore in subsidy

IIT researchers create a cost-effective sensor for detecting fruit ripeness

A team of researchers from the Indian Institutes of Technology (IIT) Jodhpur and Delhi has developed a cost-effective and highly sensitive tactile pressure sensor for detecting fruit ripeness

CAG pulls up J&K Bank for not utilising land acquired during 2016-21

The CAG has pulled up J&K Bank Limited for not utilising the land worth over Rs 140 crore acquired during 2016-21 and recommended a proactive plan for its effective utilisation

India to start coal export by 2025-26, says Coal Minister Pralhad Joshi

Asserting that India has adequate coal reserves, Union Coal Minister Pralhad Joshi on Wednesday said the country will start exporting the dry fuel by 2025-26.

Tata Power Solar Systems bags 300 MW project worth Rs 1,755 cr from NLC

Tata Power Solar Systems Ltd (TPSSL) has bagged a 300 MW project worth Rs 1,755 crore from state-owned NLC Ltd

Investment target under mobile PLI scheme increases to Rs 5,124 cr: MoS IT

The cumulative investment under the production-linked incentive scheme to boost mobile manufacturing has increased to Rs 5,124 crore till December from the Rs 3,726 crore target set earlier

Global cellular IoT module shipments grew by 14% in 2022, says report

Global cellular IoT module shipments grew 14 per cent (year-on-year) in 2022 to register a record high annual volume, despite macroeconomic headwinds, a new report said on Wednesday