Daily Excelsior

New Delhi, Jan 22 : Industry leaders urged the government to double the allocation for various infrastructure projects to Rs 3 lakh crore in the forthcoming general Budget to boost overall economic growth. Ahead of the general Budget, industry leaders from various sectors, including logistics, also demanded major infrastructure reforms and heavy budget allocation across diverse sectors, according to a statement by the Logistics Sector Skill Council (LSC). A recent survey by the LSC highlighted t

DAVOS, Jan 21: Union Minister Ashwini Vaishnaw on Wednesday asserted that India will definitely become the worlds third-largest economy over the next few years, with economist Gita Gopinath saying it can happen by 2028 or even earlier. Speaking in a World Economic Forum Annual Meeting session here, Vaishnaw said the only matter of concern is what will happen with the mountains of debt in the rich world and what could be the impact on India. Gopinath said the challenge for [] The post Vaishnaw sa

BHUBANESWAR (ODISHA) [INDIA]: January 21: AcreRise, one of Odishas most future-focused real estate developers, has been conferred the Real Estate Developer of the Year at the Times Business Awards-2026, reaffirming the brands leadership in transparency-driven, design-led, and compliant urban development. The recognition comes at a pivotal moment as Bhubaneswar enters its next phase of infrastructure-led growth. Founded by Sashikant Barik and Sheikh Mairajul Haque, AcreRise has positioned itself

Excelsior Correspondent Sri Vijaya Puram (Port Blair), Jan 17: Andaman & Nicobar Islands will be developed as the hub of Indias Blue Economy. This was stated here today by Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh, while on a visit to the Atal Centre for Ocean Science and Technology for Islands (ACOSTI) to launch and review key marine technology initiatives

NEW DELHI, Jan 16: India and Japan today agreed to ramp up cooperation in areas of trade, critical minerals, defence and high technologies with External Affairs Minister S Jaishankar saying that the partnership between the two sides holds immense potential to de-risk the global economy. A meeting between Jaishankar and his Japanese counterpart Toshimitsu Motegi saw both sides agreeing to set up a joint working group on critical minerals and a dialogue mechanism on artificial intelligence. The Ja

Democracy delivers as people at centre of governance NEW DELHI, Jan 15: Prime Minister Narendra Modi on Thursday said India has turned diversity into the strength of its democracy, and shown the world that democratic institutions and processes give stability, speed and scale to its development. Inaugurating the 28th Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC), Modi also said democracy delivered results in India because the people of the country were at the heart of

NEW DELHI, Jan 14: The Indian real estate sector received a record equity capital inflow of USD 14.25 billion last year, higher by 25 per cent annually, as developers and institutional investors remained bullish on growth potential, according to CBRE. The equity capital inflow from various sources, including developers, institutional investors, and Real Estate Investment Trust (REIT), stood at USD 11.43 billion during the 2024 calendar year. Real estate consultant CBRE on Wednesday released a r

New Delhi, Jan 12: The Congress on Monday hoped that the forthcoming Union Budget will take meaningful steps to address the challenges of sluggish private corporate investment and disparities in income as higher GDP growth rates in actuality will simply not be sustainable. Congress general secretary in-charge communications Jairam Ramesh said household savings rates have declined considerably, and wealth, income, and consumption inequalities continue to deepen. Ramesh said it remains to be seen

BJP holds workshop Excelsior Correspondent JAMMU, Jan 9: J&K BJP president and MP (R S), Sat Sharma CA, said that the Viksit Bharat G RAM G (VB-G RAM G) Bill is a decisive reform aimed at ending long-standing irregularities in rural employment schemes and ensuring transparent, need-based benefits for the poor. He was addressing a workshop organized under the VB-G RAM G Janajagaran Abhiyan at the BJP Headquarters, here, today. Click here to watch video The workshop was attended by [] The post G R

NEW DELHI, Jan 7: India will have to reduce imports and increase exports, if it wants to become the third-largest economy in the world, Union Minister Nitin Gadkari said on Wednesday. Speaking at CSIRs Technology Transfer Ceremony, Gadkari highlighted how agricultural waste can be converted into a valuable national resource and help in reducing the countrys crude imports. The road transport and highways minister noted that the use of bio-bitumen, a petroleum-free component, in road construction

NEW DELHI, Jan 2: Eternal Founder Deepinder Goyal on Friday batted for less regulation for Indias gig economy, arguing that it will eventually help bring more people into the organised workforce. The remarks come at a time when gig workers unions have been staging protests, demanding better payouts and improved working conditions. Goyal also defended 10-minute deliveries, explaining that they are enabled by the density of stores around a users home and not by asking delivery partners to drive fa

NEW DELHI, Jan 1: The Reserve Bank of India (RBI) said Indias economy and financial system remain resilient despite heightened global uncertainties, elevated asset valuations, and rising geopolitical risks, according to the Financial Stability Report (FSR), December 2025. The report noted that global growth has shown greater resilience than anticipated, supported by fiscal measures, front-loaded trade, and strong investment in artificial intelligence (AI). However, it cautioned that risks to glo

MUMBAI, Dec 31: The Indian economy is likely to maintain strong growth, underpinned by robust domestic demand, benign inflation, and prudent macroeconomic policies despite an uncertain and challenging global economic backdrop, the Reserve Bank said in a report on Wednesday. The health of commercial banks (SCBs) remains sound with strong capital and liquidity buffers, improved asset quality and robust profitability, the Reserve Bank said in its Financial Stability Report (FSR). The report reflec

Excelsior Correspondent NEW DELHI, Dec 29: Ahead of New Year, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences and Minister of State in the PMO, Personnel Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today inaugurate the new Secretariat complex of the Biotechnology Research and Innovation Council (BRIC), describing it as a key milestone for the future bioeconomy of India. The BRIC Secretariat office complex is located on the 4th Fl

KOLKATA, Dec 27: Proactive government interventions and supportive monetary policies in 2025 emerged as a powerful catalyst for Indias real estate sector, reviving momentum, improving affordability, and driving sustained growth across segments. From the Reserve Bank of Indias (RBI) calibrated repo rate cuts to the landmark GST 2.0 reforms, policy measures delivered tangible financial relief, simplified taxation, and restored buyer confidence. As a result, the sector not only weathered global unc

Home Buying in a Digital Economy A phone screen glows between the couch cushions. On it, a buyer flicks through listings on Realmo, jumps to a TikTok walkthrough of a loft, switches to a mortgage calculator, then drops three screenshots into a family group chat with the caption, Thoughts? A few minutes later, they are comparing interestrate scenarios in another tab while an agents voicemail sits unheard. That jumble of apps and channels is what modern home buyers now call [] The post Changing Ho

NEW DELHI, Dec 19: Gujarat Chief Minister Bhupendra Patel on Friday urged real estate developers to invest in the state, as it offers huge business opportunities and provides time-bound permission for projects. He noted that Gujarat has become the best destination for real estate activities and also a role model for well-planned urban development. Addressing realtors apex body CREDAIs national conclave here, Patel urged real estate players to explore business opportunities at GIFT City and the u

New Delhi, Dec 17: Congress leader Rahul Gandhi on Wednesday accused the Modi government of creating a monopoly or duopoly in every sector and called for putting the reins of Indias economy back into the hands of MSMEs. Gandhi said that during the Winter Session of Parliament, he met a delegation of small and medium ice cream manufacturers, and by listening to their problems, it became clear that the government is determined to destroy small businesses for the benefit of [] The post Modi Govt Cr

Excelsior Correspondent JAMMU, Dec 16: Woven Whispers: Craft to Commerce, a landmark celebration of Indias handloom legacy and its evolution into a sustainable economic force, was held today at the National Crafts Museum, New Delhi. The event was organized by FICCI FLO, under the leadership of its National president Poonam Sharma, in partnership with the Office of the Development Commissioner (Handlooms), Ministry of Textiles, and the Fashion Design Council of India (FDCI). The FICCI FLO leaders

NEW DELHI, Dec 15: Finance Minister Nirmala Sitharaman on Monday cited Indias 8.2 per cent growth and sovereign rating upgrades by global agencies to say that if India was a dead economy then such upgrades would not have happened. Taking on Opposition members in the Lok Sabha who sought the governments response to US President Donald Trump calling India a dead economy, Sitharaman said India is the fastest-growing major economy, which grew at 8.2 per cent in the September quarter. [] The post Rat

Bhaderwah, Dec 14: A prolonged dry spell and lack of snowfall this winter have hit tourism in Jammu and Kashmirs Doda district, affecting tourist arrivals and the local economy, tourism stakeholders said. Since the onset of winter, renowned high-altitude tourist destinations such as Guldanda, Chattergalla and Padri which usually start receiving snowfall by mid-October have not witnessed any significant precipitation activity so far, adversely affecting winter tourism and adventure sports, they

Jammu, Dec 10: The Jammu and Kashmir Real Estate Regulatory Authority (JKRERA) has proposed the establishment of a single window system for integrated approvals and registrations, and the constitution of district-level enforcement cells to strengthen monitoring and enforcement of violations across the Union Territory. RERA came into force in Jammu and Kashmir in 2018, while its operations began in January 2024 to regulate and promote the real estate sector, ensure transparency in projects, prote

As cryptocurrencies become increasingly integrated into global commerce, businesses of all sizes face a growing need to protect themselves from hidden risks within the blockchain ecosystem. Even though blockchain technology provides transparency, it does not automatically shield companies from exposure to illicit funds. For this reason, aml crypto solutions have become an essential component of corporate risk management, particularly for organizations that process digital payments, handle cross-

New Delhi, Dec 6: Union Finance Minister Nirmala Sitharaman on Saturday appreciated Jammu and Kashmir Chief Minister Omar Abdullah for his focused and determined approach to restore the Union territorys economy following a major setback to J-Ks tourism sector. Reflecting on the nations economic journey since 2019, marked by a sequence of unprecedented global and domestic challenges, the finance minister highlighted the specific efforts underway in Jammu and Kashmir. Without naming Pakistan, she

LONDON, Dec 1: British Prime Minister Keir Starmer on Monday defended his Treasury chief against opposition claims that she misled the public and the markets about the state of the public finances before last weeks budget. Starmer said there was no misleading in the run-up to Chancellor of the Exchequer Rachel Reeves tax-hiking budget, which the government hopes will raise money to reduce government borrowing, invest in infrastructure and public services, ease the cost of living and spur elusiv

T. Shailly The global economic outlook over the past few years has been characterised by deceleration, financial instability, and geopolitical uncertainty. Advanced economies continue to cope with persistent inflation, tighter monetary conditions, and the aftermath of supply chain disruptions triggered by the pandemic and conflict in Europe. In this subdued recovery environment, India has emerged as a critical driver of global economic momentum. Recording a growth rate of 7.8 per cent in the fir

Excelsior Correspondent NEW DELHI, Nov 12: India today is a key part of global transition to a self-reliant hydrogen economy, Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh said while addressing the 3rd International Conference on Green Hydrogen (ICGH-2025) at Bharat Mandapam here. The Minister underscored that clean energy is no longer a matter of environmental choice, but an economic, technological, and strategic imperative for the nations growth. D

New Delhi, Nov 4: The Congress on Tuesday said a bill introduced in the US Senate proposing a 25 per cent tax on any American person making an outsourcing payment will light a fire in the Indian economy if it becomes a reality. The opposition party said the bill reflects a growing mindset in the US that while blue-collar jobs were lost to China, white-collar jobs should not be lost to India. Congress general secretary in-charge communications Jairam Ramesh made [] The post If HIRE Bill In US Bec

HONG KONG, Oct 20: Chinas economy expanded at the slowest annual pace in a year in July- September, growing 4.8 per cent, weighed down by trade tensions with the United States and slack domestic demand. The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2 per cent pace of growth in the previous quarter, the government said in a report Monday. In January-September, the worlds second largest economy grew [] The post Chinas economy slows t

* Release SGST refund of traders: Arun Excelsior Correspondent JAMMU, Oct 18: Chamber of Commerce and Industry (CCI) Jammu today said that Chief Ministers decision to restore the age-old historic tradition of the Darbar Move will immensely strengthen the brotherhood and harmony between the two regions boost the economy and business of both the regions. In a press statement here today CCI president Arun Gupta requested the Chief Minister to immediately release the SGST refund as withholding of SG

NEW DELHI, Oct 11: Private equity investments in Indian real estate dropped 15 per cent in July-September to USD 819 million amid global uncertainties, according to property consultant Anarock. The private equity (PE) inflow stood at USD 967 million in the year-ago period. During April-September period of the 2025-26 fiscal, the PE investments fell 15 per cent to USD 2.2 billion from USD 2.6 billion in the corresponding period of the preceding financial year, as per the data by [] The post PE i

NEW DELHI, Oct 8 : Indias space economy is projected to reach about $44 billion by 2033, Union Minister of State for Science and Technology Dr. Jitendra Singh said, underlining that landmark reforms and private sector participation are powering the countrys emergence as a global space player. The summit brought together key stakeholders from government, industry, and academia to deliberate on the future of satellite communications in Indias digital growth story. Dr. Jitendra Singh emphasised tha

Prof K S Chandrasekar vc@clujammu.ac.in Indian economy has increased tenfold in the last three decades and is projected to be the third largest, with an estimated GDP of $7.3 trillion by 2030. Jostling for the same, the economic growth has also led to an unprecedented increase in its annual material consumption, which grew from 1.18 billion tonnes in 1970 to 7 billion tonnes in 2015 and is projected to reach 14.2 billion tonnes by 2030. UN has given SDG long [] The post Circular economy- enablin

Can withstand external shocks NEW DELHI, Oct 3: Finance Minister Nirmala Sitharaman on Friday said the world is facing profound imbalances in trade and energy security, and is undergoing a structural transformation, with India standing out as a stabilising force that can withstand external shocks. Follow the Daily Excelsior channel on WhatsApp Sitharaman said geopolitical conflicts are intensifying, and sanctions and tariffs are reshaping global supply chains. India must continue to remain vigil

NEW DELHI, Oct 3:Finance Minister Nirmala Sitharaman on Friday said Indias capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation. She said the task before nations is not only to manage uncertainty but to confront trade, financial and energy imbalances. Geopolitical conflicts are intensifying. Sanctions, tariffs, and decoupling strategies are reshaping global supply chains For India, these dynamics highlight both vulnerability and

NEW YORK, Oct 2: Private payrolls plunged in September, complicating the picture for the US economy as policymakers and investors struggle to assess the state of the labor market amid a government shutdown. The Bureau of Labor Statistics is unlikely to release the monthly jobs report this Friday due to the closure. That means many flying blind without critical economic data are having to key into any information they can get, including Wednesdays private sector jobs data from payroll company []

INDORE: Sept 29 The recent GST reforms will spur market consumption and boost the domestic economy, Minister of State for Finance Pankaj Chaudhary said on Monday. He said the impact of these reforms will be known in the next four to six months. Chaudhary interacted with businessmen, entrepreneurs, and tax experts in Indore regarding the Goods and Services Tax reforms. The post GST reforms will boost market purchasing and economy: MoS Chaudhary appeared first on Daily Excelsior .