NEW DELHI, Jan 15: Institutional investments in Indian real estate rose 61 per cent to USD 6.8 billion last year but attracting funds could be challenging in 2025 due to global uncertainties, according to Vestian. Institutional investments stood at USD 4.3 billion in 2023, real estate consultant Vestian said in a statement. Shrinivas Rao, CEO of Vestian, said, Despite a slow start, the real estate sector received significant institutional investments in 2024, surpassing pre-pandemic levels. How

BANGKOK, Jan 13: Thailands Cabinet approved on Monday a draft bill legalising casinos with the aim of boosting tourism and a sluggish economy. Some forms of gambling, such as betting on boxing and horse racing, are allowed but casinos remain illegal in the Southeast Asian country. Prime Minister Paetongtarn Shinawatra told reporters following the cabinet meeting the bill would also help attract more investments and solve issues of illegal gambling It will benefit society as a whole in the [] Th

NEW DELHI, Jan 13:Private equity investment in Indian real estate rose 6 per cent to USD 2.82 billion during the April-December period of this fiscal, driven by a surge in fund inflow in industrial & logistics parks, according to Anarock. Real estate consultant Anarock data showed that the number of Private Equity (PE) deals dropped to 24 during the first nine months of this fiscal from 30 in the year-ago period. But, the total investment value rose 6 per [] The post PE investment in Indian rea

Excelsior Correspondent JAMMU, Jan 11: National Conference (NC) president Dr Farooq Abdullah today stated that the Government led by Omar Abdullah is dedicated to bolster Jammus economy by fully tapping into its tourism potential. During his visit to Charwa Mansar, he engaged with the local people and addressed their concerns. Provincial president of Jammu province Rattan Lal Gupta, MLA Poonch Ajaz Jan, Israr Khan, others were also present. The public delegations that met with Dr Farooq emphasiz

Excelsior Correspondent JAMMU, Jan 11: The first every real summit organised by the Wonderhomz was held here today. The summit brought together prominent officials from banking, architects, developers and business associates to explore opportunities and challenges in the regions real estate landscape. The event was graced by chief guest, Arun Gupta (president, Chamber of Commerce & Industry) and guest of honour Deepak gupta (president, Traders Federation, Ware House). The summit recognized outst

Washington, Jan 11: The Indian economy is expected to be a little weaker in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade policy of the US. In her annual media roundtable with a group of reporters, she said global growth is expected to be steady in 2025, but with regional divergence. Georgieva said she expects the Indian [] The post Indian Economy Li

NEW DELHI, Jan 10 : Finland is advancing the agenda of circular economy globally and India is a key partner of the Nordic country in this journey, Finnish envoy Kimmo Lhdevirta said on Friday. In his address at an event hosted at the Finnish Embassy here, he also said, The sheer commitment to innovation and sustainability makes our cooperation not only valuable but also essential. The occasion was the launch of Design for Recyclability Guidelines for Films & Flexible Packaging [] The post Finlan

NEW DELHI, Jan 10:Indian real estate attracted equity investments of USD 11.4 billion last year, up 54 per cent annually, mainly from developers and institutional investors, according to CBRE. The growth in equity investments was made in land acquisitions as well as developments across all asset classes of real estate, real estate consultant CBRE said in a report released on Friday. Domestic investments remained the primary driver, with around 70 per cent share in total equity investments in 20

New Delhi, Jan 7: Indias economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data released on Tuesday. The gross domestic product (GDP) rate of 6.4 per cent will be the lowest since the Covid year (2020-21) when the country witnessed a negative growth of 5.8 per cent. It was 9.7 per cent in 2021-22; 7 per [] The post India Economy To Grow 6.4 Pc In 2024-25, Slo

MUMBAI, Jan 6:The RBI on Monday came out with a master direction consolidating various instructions issued to banks and other financial institutions on reporting of the credit information of their customers. As per the master direction, credit information companies (CICs) will have to send alerts through SMS/ email to customers when their Credit Information Report (CIR) is accessed by the specified users (SUs). The alerts shall be sent by CICs only when the CIR enquiry reflects in the CIR [] Th

NEW DELHI, Jan 4:The Government has permitted exports of two lakh tonne of wheat to Nepal, according to a notification issued on Saturday. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) said in the notification. NCEL is a company set up with cooperative societies as its promoters. Though export of wheat is banned to maintain domestic supply, outbound shipments are allowed on the basis of permission granted by the gove

By Anjan Roy Thirty-three years are half a lifetime. Thirty-three years ago, Dr Manmohan Singh stepped into a high-profile limelight, well after his formal retirement from a senior government job. When he died last Friday at the age of 92, he was considered Indias greatest finance minister and the architect of Indias modern economy. There is currently a national effusion of love and recognition for Dr Manmohan Singh, which ironically was absent during his lifetime. On the contrary, often enough,

NEW DELHI, January 1 : On the first day of the New Year today, Union Minister Dr. Jitendra Singh, Minister of State (Independent Charge) for Science and Technology, Earth Sciences (Independent Charge), MoS PMO, DoPT Personnel, Public Grievances and Pensions, Atomic Energy, Space, gave an exclusive interview to Doordarshan News, in which he exuded confidence that the year 2025 will witness India assuming a critical role in Global Bioeconomy revolution and that Indias 1st Biotechnology policy- BIO

By Tirthankar Mitra Pakistan Prime Minister Shehbaz Sharif securing a $7 billion package from the International Monetary Fund (IMF) in September was accompanied by a commitment to break Pakistans longstanding reliance on bailout programmes. Since 1958, it has taken recourse to it 20 times. The country is struggling with a worsening unemployment crisis and a brain-drain. There are recent reports of the World Bank cancelling a $500 billion loan for a clean energy programme. This is another pointer

MUMBAI, Dec 30: The Indian economy is exhibiting resilience and stability, and the gross domestic product (GDP) is projected to grow at 6.6 per cent in 2024-25, aided by a revival in rural consumption, a pickup in Government consumption and investment, and strong services exports, a RBI report said on Monday. The Reserve Bank has released the December 2024 issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and

By Tirthankar Mitra Consecutive monthly decline in GDP marking the first back to back contraction since the Covid-19 lockdown are signals to UK economy policymakers to clear the decks for a precarious balancing act. This is necessary to stabilise short-term economic performance while fostering long-term growth. Systemic vulnerabilities are underscored by the latest data. Manufacturing and. construction output has weakened. Trade figures reveal a dip in both imports and exports. The services sect

CHENNAI, Dec 23: TVS Emerald has bought a 12-acre land to develop a real estate projects worth about Rs 2,800 crore. The company did not disclose the cost of the acquisition of the land, which is located on Radial Road (PTR) in Chennai. The land will have a development potential of 2.5 million square feet and a revenue potential of Rs 2,800 crore, the company said in a statement. This marks the third acquisition of land by TVS Emerald [] The post TVS Emerald buys 12-acre land in Chennai to buil

MACAO, Dec 20 : Chinese President Xi Jinping urged the casino hub of Macao to diversify its economy as he swore in the former Portuguese colonys new government on Friday at an event marking the 25th anniversary of its handover to China. New Chief Executive Sam Hou Fai Macaos first leader born in mainland China vowed to address the territorys unbalanced and uncoordinated economic development. Since its 1999 handover, the city of 687,000 has transformed from a monopoly-driven [] The post Chinas

NEW DELHI, Dec 17:Union Minister Nitin Gadkari on Tuesday said the food delivery economy is very important for India as it generates large-scale employment. Addressing Zomatos Sustainability and Inclusivity: Role of the Platform Economy conference, the Road Transport and Highways minister said that at present India has 77 lakh delivery workers and this number is likely to touch 2.5 crore by 2030. Giving employment to 2.5 crore youths of this country is really a big thing for the countryThe [] T

MUMBAI, Dec 13 : Maharashtra Chief Minister Devendra Fadnavis on Friday said India has become the fastest-growing economy in the world under the leadership of Prime Minister Narendra Modi which he said encompasses speed, transparency and inclusivity. Addressing the World Hindu Economic Forum here, Fadnavis said Modis Hindu growth rate model will show a new direction to the world while it becomes the fastest-growing economy. Hindu rate of growth points to Indias slow economic growth between the 1

New Delhi, Dec 12: India will require an investment of USD 2.2 trillion for infrastructure development to become USD 7 trillion economy by 2030, Knight Frank India said on Thursday, while stressing on the need of radical measures to encourage private participation in this area. Real estate consultant Knight Frank India released a report, India Infrastructure: Reviving Private Investments, which mentioned that an estimated investment of USD 2.2 trillion into infrastructure development is imperati

NEW DELHI, Dec 4: Revenue Secretary Sanjay Malhotra on Wednesday askedI officers to nab the masterminds behind smuggling rackets, but keep the interest of the economy in mind before issuing high-pitched notices in commercial fraud cases. Addressing the 67th foundation day of the Directorate of Revenue Intelligence (DRI), Malhotra also said it is vital for the department to upgrade skills and manpower to adapt to the technology changes. He urged theI officers to focus energy on big fish and maste

HANOI, Dec 3:The death sentence for real estate tycoon Truong My Lan was upheld Tuesday in Vietnams largest fraud case, the scale of which had raised concerns about the countrys economy. She had been convicted in April of embezzlement and bribery over the fraud amounting to USD 12.5 billion, nearly 3 per cent of Vietnams 2022 GDP. As chairperson of the Van Thinh Phat real estate firm, Lan illegally controlled Saigon Joint Stock Commercial Bank between 2012 and 2022 [] The post Death sentence fo

Excelsior Correspondent NEW DELHI, Nov 27: Informing the Lok Sabha about Indias new Bioeconomy related BioE3 policy, Union Minister for Science & Technology Dr Jitendra Singh said, the objective of the BioE3 Policy is to set forth a framework that ensures the adoption of cutting-edge advanced technologies, and aligning innovative research for promoting Biomanufacturing. In reply to a question, the Minister said , the BioE3 policy outlines guidelines and principles for enabling mechanisms for Fos

NEW DELHI, Nov 27 : Informing the Lok Sabha about Indias new Bioeconomy related BioE3 policy, Union Minister for Science & Technology Dr Jitendra Singh said, the objective of the BioE3 Policy is to set forth a framework that ensures the adoption of cutting-edge advanced technologies, and aligning innovative research for promoting Biomanufacturing. In reply to a question, the Minister said , the BioE3 policy outlines guidelines and principles for enabling mechanisms for Fostering High Performance

NEW DELHI, Nov 26: The ED raided a dozen premises in Delhi-NCR as part of a money-laundering investigation against some real estate companies as part of an alleged Rs 500 crore fraud, official sources said. The searches pertain to companies such as Orris Infrastructure Private Limited, Greenbay Infrastructure Private Limited and Three C Shelter Private Limited and their promoters named Vijay Gupta, Amit Gupta, Sardar Nirmal Singh and some other directors, the sources said. About a dozen premises

* Inaugurates National Agriculture Summit and Mela Excelsior Correspondent JAMMU, Nov 20: Chief Minister Omar Abdullah today emphasized the critical role of agriculture in addressing climate change and improving the economy of Jammu and Kashmir. He was speaking at the inauguration of the four-day National Agriculture Summit & Farmers Fair-2024 at Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST), Jammu. Highlighting the exigency of climate change, the Chief Minister said

JAMMU, Nov 20: Chief Minister Omar Abdullah today emphasized the critical role of agriculture in addressing climate change and improving the economy of Jammu and Kashmir. He was speaking at the inauguration of the four-day National Agriculture Summit & Farmers Fair-2024 at Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST), Jammu. Highlighting the exigency of climate change, the Chief Minister said, Climate change is a huge challenge, and the responsibility lies on SKUAST

Excelsior Correspondent NEW DELHI, Nov 19 : In a move highlighting Indias commitment to sustainable ocean development, Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr Jitendra Singh felicitated international foreign trainees from six countries including Nigeria, Kenya, Sri Lanka, Tanzania, Ghana and Jamaica, w

NEW DELHI, Nov 15: Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moodys Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro Outlook 2025-26, the rating agency said the global economy has shown remarkable resilience in bouncing back from supply chain disruptions during the pandemic, an energy and food crisis after the Russia-Ukraine war began, [] The post Moodys says Indian econo

MUMBAI, Nov 14:Reserve Bank Governor Shaktikanta Das on Thursday said the Indian economy has been sailing smoothly amid the global headwinds. Speaking at an event organised by CNBC-TV18 here, Das declined to comment on a suggestion by Union Commerce Minister Piyush Goyal for a rate cut, maintaining that the rate-setting panel will take an appropriate call on it at its next meeting in December. In comments made days after headline inflation shot up beyond the 6 per cent tolerance [] The post Ind

PANAJI, Nov 8: Union Commerce and Industry Minister Piyush Goyal on Friday said Indias growth story will take the countrys USD 3.5 trillion economy now to USD 35 trillion in the next 25 years. Addressing the inaugural session of Amazing Goa Global Business Summit 2024, Goyal said that the 21st century belongs to India and it was on track to become the third largest world economy in three years. Chief Minister Pramod Sawant, former Union minister Suresh Prabhu and others [] The post India will be

NEW DELHI, Oct 29 : India is the fastest growing major economy and is likely to become the third largest economy soon, President Droupadi Murmu said on Tuesday. Addressing an event in Delhi, she said the Indian economy had been demonstrating resilience in the face of geopolitical challenges and the countrys economy was likely to grow tenfold by 2047. India is the fastest growing major economy and is likely to become the third largest economy soon, Murmu said. According to [] The post India faste

Excelsior Correspondent SRINAGAR, Oct 25: Minister of Rural Development Department (RDD) & Panchayati Raj, Javed Ahmad Dar, today maintained that the Rural Development Department has huge potential to boost the rural economy and uplift the living standards of people residing in villages of Jammu and Kashmir. The Minister made these remarks while chairing a maiden review meeting of RD&PR department here at Civil Secretariat. The Minister had a detailed scheme wise review of implementation of sche

WASHINGTON, Oct 23: India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the countrys macroeconomic fundamentals are good. India is said to remain the largest growing economy in the world. We project growth at seven percent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests. Inflation is expected to decline to 4.4 per cent in FY24-25, despite some volatility as food prices n

WASHINGTON, Oct 23: India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the countrys macroeconomic fundamentals are good. India is said to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests. Inflation is expected to decline to 4.4 per cent in FY24-25, despite some volatility as food prices

In 2024, a significant number of Indias wealthy individuals are eyeing luxury properties. According to a report from Sothebys International Realty, one of the top real estate networks in the world, 71% of Indias ultra-rich want to invest in luxury real estate over the next 12 to 24 months. This jump in numbers isnt just a passing trend. Its driven by several serious factors, such as capital appreciation, lifestyle upgrades, confidence in Indias economy, and increased wealth in India. Moreover, [

NEW DELHI, Oct 21: Institutional investments in the Indian real estate sector increased 31 per cent year-on-year to USD 4.61 billion in January-September 2024 amid strong consumer demand, according to Vestian. Real estate consultant Vestian on Monday released its report on Investment in Indian Real Estate, observing that funds inflow from institutional investors in the first nine months of 2024 has already surpassed the total for 2023. Investors have shown confidence in Indias growth story on th

MALE, Oct 21: Maldives President Mohamed Muizzu has taken necessary steps to introduce Indias Unified Payments Interface (UPI) in the archipelago nation, slated to benefit the Maldivian economy substantially. Developed by the National Payments Corporation of India (NPCI), UPI is an instant real-time payment system for facilitating inter-bank transactions through mobile phones. Muizzu on Sunday set up a consortium to introduce UPI in the country and appointed TradeNet Maldives Corporation Limited

JAMMU, Oct 18: The Jammu and Kashmir Government has appointed several officials as Nodal Officers to develop concept notes on Opportunities in Green Economy Skills and Jobs in the Renewable Energy Sector for the upcoming 4th National Chief Secretaries Conference See order copy click here. The post J&K Govt Appoints Nodal Officers for Green Economy Initiative appeared first on Daily Excelsior .

WASHINGTON, Oct 18: Indias growth rate is among the shiniest parts in the world economy, World Bank president Ajay Banga said , noting that a lot of this is driven by the domestic market. There is no doubt that Indias growth rate is among the shiniest parts in the world economy. I think being able to grow at six, seven per cent and more in this kind of environment shows you that theyve done a number of things to get [] The post Indias growth rate is among the shiniest parts in the world economy:

NEW DELHI, Oct 17: Moodys Ratings on Thursday said India has made rapid progress building its renewables capacity, but its fast-growing economy and expanding population will drive up carbon-intensive product demand. Moodys expects India to remain one of the fastest growing economies in the world with real GDP growing 7.2 per cent in 2024 and 6.6 per cent in 2025. The country is likely to sustain similarly high rates of growth over the next decade, it said. With a rising [] The post Indias fast g

New Delhi, Oct 17: India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday. It said emerging economies have high ambitions for the next decade and beyond with India aiming to become a USD 30 trillion economy by 2047, from the current USD 3.6 trillion. India is currently the fifth largest economy. India is poised [] The post

AYODHYA (UP), Oct 16 : Israeli Ambassador Reuven Azar visited the Ram temple in Ayodhya on Wednesday and noted that Israel and India have preserved their ancient faith and culture for generations despite many challenges. The envoy visited the shrine before concluding his Uttar Pradesh trip during which he expressed solidarity with UPs ambition to become a USD 1 trillion economy and stressed that Israel also shared the same goal. I am extremely honoured to have visited Shri Ram Temple [] The post

Excelsior Correspondent SRINAGAR, Oct 16: Deputy Chief Minister Surinder Chowdhary today said that a big Follow the Daily Excelsior channel on WhatsApp responsibility has been put on his shoulders and that it was challenging to fill the 10 years of vacuum in just five years. Click here to watch video Chowdhary after taking the oath as Deputy Chief Minister told Excelsior: I have been allotted the Deputy CMs portfolio which is a big responsibility on my shoulders. I will try [] The post Darbar Mo

New Delhi, Oct 14: US-India Strategic Partnership Forum President and CEO Mukesh Aghi on Monday emphasised that exports are going to be a major job creator for India as the country moves towards becoming a USD 5 trillion economy. Aghi, who was speaking at an event organised by the USISPF, also stressed that India and the US should continue to strengthen their economic engagements and increase the bilateral trade to USD 500 billion going forward. He said creating nearly 1.2 [] The post Export to

Washington, Oct 10: A young Indian-American running for US House of Representatives and most likely to win the November general elections has promised to work on a comprehensive immigration reform with a focus on legal immigration and strengthening of economy by helping small businesses. I want to make sure we have a strong economy in the United States. This area (suburbs of Washington DC in Virginia) in particular is right outside of Washington, DC. We have a lot of federal [] The post Indian-A

By Prabhat Patnaik The fact that the world economy has slowed down since the financial crisis of 2008 is beyond dispute. In fact even conservative American economists have started using the term secular stagnation to describe the current situation (though they have their own peculiar definition for it). The purpose of the present note is to give some growth-rate figures to establish this particular point. Calculations of GDP, which are notoriously unreliable for particular countries, are even m

New Delhi, Oct 8: Private equity investments in the real estate sector jumped over twofold to USD 2.2 billion in July-September as investors look for gains amid strong property demand, according to Savills India. In the year-ago period, private equity (PE) investments in real estate stood at USD 934 million. Real estate consultant Savills India also noted that the PE inflows stood at USD 3.9 billion during the January-September period of this calendar year, touching the investment quantum regist

By Tirthankar Mitra It is no secret that Pakistan economy is in doldrums and International Monetary Fund (IMF) has approved $ 7 billion Extended Fund Facility (EFF) for the beleaguered country following a staff level meeting with Islamabad. A United Nations report stated that Pakistans economy is to face global challenges this year, with a modest GDP growth expected. The situation in Pakistan remains chaotic after 2024 elections. Economic data shows that the crisis will continue. Inflation stood