Economy News

India's fintech startups grow fivefold in last three years

India's financial sector is growing at a rapid pace as fintech startups have grown by about five times in the past three years, according to a report. The growth has been from 2,100 in 2021 to 10,500 in 2024.

Sep 4, 2024

Rs 750 crore 'AgriSURE Fund' to empower startups, boost rural economy

In a pioneering step toward revolutionising the agricultural landscape in India, the government has launched the 'AgriSURE Fund' with a capital pool of Rs 750 crore to further drive investments that will empower farmers and boost the rural economy.

Sep 4, 2024

Improvement in employment rates and record foreign exchange reserves have further strengthened India's economic position

India's economic outlook positive, growth set to continue: World Bank Report

India's economy is showing robust growth with a projected rate of 8.2% in FY23/FY24, according to the World Bank. The World Bank suggests India can boost growth by diversifying its export basket and integrating more into global value chains.

Sep 3, 2024

Women plant rice saplings in a paddy field at Bamuni village

Favourable monsoon boosts paddy sowing beyond normal levels this year

Better monsoon this year has helped paddy sowing surpass the average area of the last five years. The paddy cultivation reached 408.72 lakh hectares (as of September 2), exceeding the average of 401.55 lakh hectares.

Sep 3, 2024

Centre urges state govts to include marginalised workers under PM housing scheme

The Centre on Tuesday requested state governments to extend the benefits of the Pradhan Mantri Awas Yojana (PMAY) to disadvantaged workers, to ensure social justice and enhance ease of living.

Sep 3, 2024

India's manufacturing growth eases in August, stays above long-run average

India's Manufacturing Sector Maintains Resilience Amid Slowdown

India's manufacturing sector growth has slowed, but remains above the long-run average, according to HSBC India's PMI data. The sector's resilience and strategic planning are crucial to India's $10-trillion ambition, with focus areas including semiconductors, electronics, electric vehicles, renewable energy, and defence.

Sep 2, 2024

UPI Transactions Skyrocket, India Leads in Digital Payments

India's digital economy has witnessed a significant milestone with the National Payments Corporation of India (NPCI) reporting a record-breaking surge in Unified Payments Interface (UPI) transactions in August. The data revealed a 41% year-on-year growth, with UPI transactions reaching an all-time high of 14.96 billion.

Sep 1, 2024

At least 2.2 crore women among 10 crore NSE investors

Women Investors Surge in India's Stock Market; There Are Over 2.2 Crore Now

The National Stock Exchange (NSE) has reported that out of its 10 crore registered investors, at least 2.2 crore are women. This data, revealed by Tirthankar Patnaik, the chief economist at the NSE, indicates that approximately 22% of the total investors on the NSE are female.

Sep 1, 2024

Centre partners Visa to skill 20,000 youth for tourism industry

Visa and Indian Government Partner to Boost Tourism Industry by training 20,000 youth

The Indian government and Visa have partnered to train 20,000 youths for the tourism industry. The initiative aims to enhance the tourism experience in ten states including Assam and West Bengal.

Aug 31, 2024

India's April-Dec fiscal deficit at 55% of full year target

India's fiscal deficit for April-July stands at 17.2 pc of full-year target

The Central government's fiscal deficit in the first four months (April-July) of the current financial year stands at Rs 2.77 lakh crore.

Aug 31, 2024

Centre approves 12 projects worth Rs 28,602 cr to transform industrial landscape, create 40 lakh jobs

India's Industrial Leap: Rs 28,602 crore approved for 12 Projects [Details]

India's Cabinet Committee on Economic Affairs has approved 12 new projects under the National Industrial Corridor Development Programme. The projects, worth Rs 28,602 crore, are expected to generate significant employment opportunities and contribute to India's export goals.

Aug 28, 2024

Sensex ends flat, Nifty at 25,052 after hitting fresh all-time high

Indian equity benchmarks closed flat on Wednesday following volatility in the markets.

Aug 28, 2024

Centre approves 3 railways projects worth Rs 6,456 cr, to create 114 lakh man-days

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved three projects of Ministry of Railways with a total estimated cost of Rs 6,456 crore and to be completed by up to 2028-29.

Aug 28, 2024

PMJDY: A Decade of Financial Inclusion in India

The Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, launched in 2014, has integrated over 53.14 crore economically marginalized individuals into mainstream banking. The scheme has seen a 3.6-fold growth in accounts, providing access to formal banking services and promoting financial inclusion. The PMJDY scheme has also promoted gender equality and rural inclusion, with 67% of accounts opened in rural or semi-urban areas and 55% by women. The success of PMJDY in promoting financial inclusion in India is comparable to similar initiatives globally, like M-Pesa in Kenya and Grameen Bank in Bangladesh.

Aug 28, 2024

Yes Bank expels its country head of financial markets, reason unknown

Amit Sureka, based in Yes Bank's Mumbai branch has been working with the private lender since 2005

Aug 27, 2024

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Economy News

India's fintech startups grow fivefold in last three years

Rs 750 crore 'AgriSURE Fund' to empower startups, boost rural economy

India's economic outlook positive, growth set to continue: World Bank Report

Favourable monsoon boosts paddy sowing beyond normal levels this year

Centre urges state govts to include marginalised workers under PM housing scheme

India's Manufacturing Sector Maintains Resilience Amid Slowdown

UPI Transactions Skyrocket, India Leads in Digital Payments

Women Investors Surge in India's Stock Market; There Are Over 2.2 Crore Now

Visa and Indian Government Partner to Boost Tourism Industry by training 20,000 youth

India's fiscal deficit for April-July stands at 17.2 pc of full-year target

India's Industrial Leap: Rs 28,602 crore approved for 12 Projects [Details]

Sensex ends flat, Nifty at 25,052 after hitting fresh all-time high

Centre approves 3 railways projects worth Rs 6,456 cr, to create 114 lakh man-days

PMJDY: A Decade of Financial Inclusion in India

Yes Bank expels its country head of financial markets, reason unknown

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react