Economy News

India's affordable housing market to reach Rs 67 lakh cr by 2030, demand at 31.2 mn units

India's affordable housing market is projected to reach Rs 67 lakh crore by 2030, with cumulative demand likely to be 31.2 million units

Dec 4, 2024

Highest budget allocation of Rs 86,000 cr made for rural jobs scheme in 2024-25

For the Mahatma Gandhi National Rural Employment Guarantee Scheme (Mahatma Gandhi NREGS) a budget allocation of Rs 86,000 crore has been made at the Budget Estimate (BE) stage for 2024-25, which is the highest ever allocation at the BE stage since the scheme's inception

Dec 3, 2024

India among world's top 10 exporters of high-value products

India ranks among top 10 exporters of high-value products

India has recorded a sharp increase in exports for several key product categories with the country maintaining or improving its rank among the top ten global suppliers, in export values exceeding $1 billion in 2023.

Dec 3, 2024

Centre has released Rs 50,571 crore to states as special assistance

The Centre has released Rs 50,571.42 crore to states as part of its 'special assistance for capital investment' scheme to step up expenditure in various development projects during the first eight months of the current financial year, Minister of State for Finance, Pankaj Chaudhary has informed the Lok Sabha

Dec 3, 2024

Ayush market grew $43.4 bn in 2023, exports doubled to $2.16 bn: Shripad Yesso Naik

The Ministry of Ayush has witnessed a transformative journey over the last decade, with the Ayush market growing exponentially -- from $2.85 billion in 2014 to $43.4 billion in 2023.

Dec 2, 2024

Vehicle owners mob petrol stations in J&K resulting in chaos & dry filling stations

Petrol, diesel, jet fuel sales surge in Nov as economy picks up

India's petrol, diesel and jet fuel sales shot up in November this year compared to the same month last year, reflecting the higher level of economic activity in the country, data compiled by the public sector oil companies showed.

Dec 2, 2024

NBFCs to see asset growth at 15-17 pc over 2 fiscals, still above decadal average

Indian NBFCs manage above decade average, to see asset growth at 15-17 pc over 2 fiscals: CRISIL

The assets under management (AUM) growth of non-banking financial companies (NBFCs) in the country is set to moderate to 15-17 per cent in the current and next fiscals (FY25 and FY26)

Dec 2, 2024

25 pc hike in Centre's capex to spur growth in second half of 2024-25: Report

The Central government's capital expenditure is expected to increase by a robust 25 per cent in the second half of the financial year 204-2025 compared to the same period of the previous year, according to a report by Jefferies.

Dec 1, 2024

Indian startups raise $9.2 bn in VC funding from January to October: Report

About 984 venture capital (VC) funding deals were announced in India during January-October 2024, and the total disclosed funding value of these jumped by 44.4 per cent YoY to $9.2 billion during the same period.

Nov 29, 2024

Indian Railways launches hi-tech water level monitoring system for trains

Indian Railways rakes in Rs 12,159 crore from festive rush

Indian Railways raked in a revenue of Rs 12,159.35 crore from ticket sales during the festive period that stretched from September 1 to October 31 this year, according to data tabled in Parliament.

Nov 28, 2024

Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance

E-auction of two more critical mineral blocks completed

The Ministry of Mines has successfully completed the e-auction of another two mineral blocks under tranche IV of critical & strategic mineral blocks.

Nov 27, 2024

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Portfolio stocks rally up to 20 pc, Group adds Rs 1.25 lakh crore to its market cap

The Adani Group saw a stupendous rise in its market capitalisation on Wednesday, adding nearly Rs 1.25 lakh crore to its value, as shares of its portfolio of companies rallied by up to 20 per cent, led by Adani Power and Adani Green.

Nov 27, 2024

Centre completes auction of 9 coal mines, to yield Rs 1,446 crore annual revenue

The Ministry of Coal announced on Wednesday that it has successfully auctioned 9 mines as part of the 10th round of commercial coal mine auctions.

Nov 27, 2024

Asian markets fall sharply on likely US Fed action to rein inflation

Inflation to ease, economic growth to accelerate in coming months: Finance Ministry

India's food inflation is likely to ease while the growth outlook for the economy is "cautiously optimistic" for the coming months as the agricultural sector is likely to benefit from favourable monsoon conditions, increased minimum support prices and adequate supply of inputs

Nov 25, 2024

India-EFTA trade pact to drive $100 bn investment, boost 99.6 pc of exports

India-European Free Trade Agreement to drive $100 bn investment, boost exports

The Trade and Economic Partnership Agreement (TEPA) has the potential to boost 99.6 per cent of Indian exports with market access to European Free Trade Association (EFTA) countries and drive $100 billion investment.

Nov 23, 2024

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Economy News

India's affordable housing market to reach Rs 67 lakh cr by 2030, demand at 31.2 mn units

Highest budget allocation of Rs 86,000 cr made for rural jobs scheme in 2024-25

India ranks among top 10 exporters of high-value products

Centre has released Rs 50,571 crore to states as special assistance

Ayush market grew $43.4 bn in 2023, exports doubled to $2.16 bn: Shripad Yesso Naik

Petrol, diesel, jet fuel sales surge in Nov as economy picks up

Indian NBFCs manage above decade average, to see asset growth at 15-17 pc over 2 fiscals: CRISIL

25 pc hike in Centre's capex to spur growth in second half of 2024-25: Report

Indian startups raise $9.2 bn in VC funding from January to October: Report

Indian Railways rakes in Rs 12,159 crore from festive rush

E-auction of two more critical mineral blocks completed

Adani Portfolio stocks rally up to 20 pc, Group adds Rs 1.25 lakh crore to its market cap

Centre completes auction of 9 coal mines, to yield Rs 1,446 crore annual revenue

Inflation to ease, economic growth to accelerate in coming months: Finance Ministry

India-European Free Trade Agreement to drive $100 bn investment, boost exports

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

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