Page 12 - India Economy

Marine minerals will be key to country's future economy: Union Minister

Marine minerals from coastal and ocean sources will be key to the country's future economy and metals like nickel and cobalt will play an important role in promoting renewable energy technologies needed to fight the climate change challenges, Union Minister Jitendra Singh said. Singh was addressing scientists and students while inaugurating new building facilities at CSIR-IMMT (Institute of Minerals & Materials Technology) here. Highlighting that India has emerged as one of the frontline nations in marine scientific research under Prime Minister Narendra Modi, Singh who is the Minister of State (independent charge) for Science and Technology, said the country is now actively engaged in exploring the resourceful ocean bed for meeting the country's future energy and metal demands. The Deep Ocean Mission' initiated by the Modi government heralds yet another horizon to various resources to enrich the Blue economy', Singh said. Steps are being taken for close coordination and ...

India faces 'extreme pain', aspirations dashed: economist Abhijit Banerjee

The Nobel laureate was sharing his observations from a recent visit to West Bengal.

Global effort needed to regulate tech like cryptocurrency: FM Sitharaman

India's government has listed a Bill for Parliament's winter session, seeking to ban all private cryptocurrencies.

LIVE: CA arrested by ED in Mumbai in Rs 1,100-cr money laundering case

ED arrested Ravi Kumar, a Chartered Accountant (CA) at HAR Associates, Delhi on Nov 27

Services activity grow robustly in Nov as price pressures intensify

The Services Purchasing Managers' Index, compiled by IHS Markit, eased to 58.1 in November from 58.4 in October.

LIVE: Bengaluru Omicron case a doctor, his 5 contacts test Covid positive

Two people have been found positive for the Omicron variant of Covid in Karnataka

LIVE: At least 23 countries have reported cases of Omicron, says WHO chief

Several WHO advisory groups have met over the last couple of days to evaluate the emerging evidence, says Tedros Adhanom

India's Nov factory growth hits 10-month high, rising on strong demand

An easing of Covid-19 restrictions drove demand and boosted sales, indicating the economy was on the path to normalization.

RBI likely to raise rates, tighten monetary policy: Goldman Sachs

Companies is India have been seeing a pressure on their margins as supply side constraints and global commodity prices increase input costs.

Indian economy likely picked up in Sept quarter before Omicron spread: Poll

Reuters survey of 44 economists projected GDP data will show 8.4% year-on-year growth: the fastest among major economies.

GST Council must realise that lower rates lead to better compliance

The finance minister, as the Council's Chairperson, must convince states to bring more items down from the 18 percent and 28 percent slabs.

BRICS nations need to strengthen coop to support economic recovery: CEA

He also underlined the need for strengthening international cooperation

Credit growth of banks recovers; festivals help demand: Ratings agency

Bank credit grew by 180 basis points from the year-ago level of 5.1 per cent in the fortnight ended October 23, 2020: CARE.

Covid LIVE: Europe could face another 700k deaths by next spring, says WHO

WHO Europe called on people to get vaccinated and respect proper hygiene and practice social distancing to help stop the spread of the virus

Quick economic reform in India depends on quicker political reform

Every political party when it is in power realises that the absence of simultaneous elections along with the presence of the Concurrent List, make reforms difficult.

Coal transition can impact over 13 mn people's livelihood in India: Study

More than 13 million people employed in coal mining, transport, power, sponge iron, steel, and bricks sectors will be impacted due to the impending coal transition, a new study finds

Withdrawal of farm laws is a missed chance for a progressive Indian society

India's farm economy sends desperate, landless poor to cities when it should be the bedrock of a more secure and permanent urban proletariat.

'Entire political science' lesson: Peoples' power trumps people in power

Climb-down on the three controversial farm laws has broken the myth of invincibility that surrounds the government.

PM Modi to address nation at 9am before leaving for UP, says his office

Modi has used his televised addresses to speak about the coronavirus pandemic, his government's achievements.

Rating agency ICRA revises India's Q2FY22 GDP growth to 7.9%, up by 20 pts

Rating agency ICRA has revised India's gross domestic product (GDP) for Q2 FY22 upward by 20 basis points to 7.9 per cent.