Economy News

Economic Resurgence India's Path to Becoming the World's Third Largest Economy

India's economy, the world's sixth-largest, saw a GDP growth fall to a five-quarter low of 6.7% in the first quarter of FY25. Despite the slowdown, the manufacturing and construction sectors show growth, with potential for a rebound in the farm sector.

Sep 9, 2024

Life Insurance Corporation of India (LIC)

LIC's new business premium up 35 pc to Rs 19,309 crore in Aug

LIC of India saw surge in its new business premium for the month of August in the same month last year.

Sep 9, 2024

India's defence export projected to grow at 18 pc by 2030: Report

India's defence export is estimated to grow at 18 per cent CAGR (compound annual growth rate) from FY24-FY30, driven by the 'Make in India' initiative and thrust on local manufacturing.

Sep 9, 2024

GST reduced tax incidence on common man, to be expanded to remaining sectors

GST Council meet to focus on medical insurance premium, rate rationalization

With an aim to ensure less burden on the taxpayers, the 54th GST Council meeting is likely to deliberate on a slew of issues.

Sep 9, 2024

Number of unorganised workers registered on eShram portal rises to 29.79 crore

Govt to Set up 'eShram' portal as One-Stop Solution for Unorganized Workers

The eShram portal, a government initiative, has registered 30 crore unorganised workers in India within three years. The government plans to integrate the eShram portal with other government websites to facilitate seamless access to various schemes.

Sep 9, 2024

Centre sanctions Rs 576 crore for 4-laning highway in Karnataka

Cost of EVs to match petrol, diesel vehicles by 2026: Nitin Gadkari

Adoption of electric vehicles (EVs) increase in the country, the cost of EVs will almost match petrol and diesel vehicles within the next two years

Sep 9, 2024

India's position set to rise in global supply chains with huge chip investments

India Poised to Become Global Semiconductor Hub; $30 billion investment in 3 years

India is set to become a global hub for semiconductor manufacturing, with an expected investment of up to $30 billion in the next three to five years. The Maharashtra government approved a semiconductor manufacturing project by Israel's Tower Semiconductor and the Adani Group, expected to create at least 15,000 jobs.

Sep 8, 2024

Indian Institute of Technology (Banaras Hindu University)

IIT Bombay secures record Rs 700 crore fund for research and development

The Indian Institute of Technology (IIT) Bombay secured a record Rs 700 crore as an annual grant for research and development in 2023-24.

Sep 7, 2024

Need to invest in air pollution solutions for global prosperity: UN

The world marked the fifth annual International Day of Clean Air for blue skies on Saturday, with calls for investment in clean air solutions as air pollution is increasingly causing public health, environmental, and economic problems.

Sep 7, 2024

India's forex reserves rise to 4-month high

India's forex reserves up $2.3 billion to touch new high of $683.9 billion

India's forex reserves increased by $2.299 billion to a new high of $683.98 billion for the week ended August 30, the Reserve Bank of India (RBI) data showed on Friday

Sep 7, 2024

Sensex falls 885 points, investors lose over Rs 4 lakh crore

Sensex tanks 1,017 points; investors lose over Rs 5 lakh crore

Indian benchmark indices closed in the deep red on Friday as investors remained jittery ahead of an important US jobs report that could determine the speed and size of US Fed rate cut in the coming days.

Sep 6, 2024

personal finance trading demat nsdl csdl trading shares bse nse sensex nifty closing price index gains losses retail investors numbers results bse nse

Demat accounts rise to 171 million in August, up 4 million

India's total demat accounts continue to rise, with over four million new ones added in August, as per the depositories' data.

Sep 6, 2024

India pips China to become largest weight in MSCI Emerging Market IMI

Sep 6, 2024

Robots can lie and deceive like humans: Study

Just like humans, robots can lie and deceive, according to a study on Thursday that shows how emerging technologies like generative AI can be used to manipulate users

Sep 5, 2024

Centre sets 500 million tonnes domestic steel production by 2034

The Centre on Thursday set the target of achieving 500 million tonnes of steel production by 2034, urging the industry to find new ways towards low emission, high productivity, high quality and the use of artificial intelligence (AI)

Sep 5, 2024