NEW DELHI, Feb 22: Union Power Minister Manohar Lal on Saturday urged industry stakeholders to work on manufacturing innovative solutions to strengthen Indias journey towards Viksit Bharat. Indias ambitious target of 500 GW of renewable energy target by 2030 provides various opportunities, the minister said, while addressing the Elecrama 2025 event organised by industry body IEEMA in Greater Noida. The power sector is playing an important role in the countrys journey towards becoming Viksit Bha

NEW DELHI, Feb 18: Congress president Mallikarjun Kharge on Tuesday termed as ironical the claim of Finance Minister Nirmala Sitharaman that the Indian economy is giving good returns, and said a visionless Modi government has tanked the economy and ruined the lives of Indians. Nothing can be more ironical than Modi Sarkars FM saying that our Economy is delivering Good Returns, he said in a post on X. Kharge said Rs 45 lakh crore has been wiped out from the [] The post Visionless Modi govt tanked

NEW DELHI, Feb 18: Indias gross domestic product (GDP) likely grew at a relatively accelerated pace of 6.4% in the October-December quarter (Q3) of the current financial year 2024-25 from seven-quarter low of 5.4% in the previous quarter on the back of enhanced government spending, research and rating firm ICRA said in a report on Tuesday. Further, the growth in the gross value added (GVA) is estimated to record a relatively broad-based improvement to 6.6% in Q3 from 5.6% in [] The post Indian e

MULFINGEN (Germany), Feb 17: Germany needs a new business model. The old one, fuelled by cheap natural gas from Russia and lucrative exports to China, is broken, leaving Europes biggest economy mired in stagnation and angst about the future. Delivering that fresh growth strategy is going to be the biggest challenge for the government that takes office after a national election set for Feb. 23, seven months ahead of schedule. The nation that became known for the quality of [] The post Fixing Ger

New Delhi, Feb 16: The announcement to negotiate a bilateral trade agreement between India and the US has boosted business confidence in both countries, as it can help further strengthen economic ties by leveraging their competitive strengths, Commerce and Industry Minister Piyush Goyal said on Sunday. During the recent visit of Prime Minister Narendra Modi to Washington, India and the US announced to more than double the two-way commerce to USD 500 billion by 2030 and negotiate the first tranch

By Nantoo Banerjee With Indian Rupee (INR) dwindling almost daily against US Dollar (USD), it is good the Union Budget for 2025-26 has stopped repeating on making the Indian economy a $5-trillion GDP to become the worlds third largest by the end of this year or anytime too soon. The budget also provides no indication of how and when INR will stabilize vis--vis USD. INR is pegged with USD. There is no way it can come out of the arrangement [] The post Indias $5-trillion-economy dream by 2025 has

BHOPAL, Feb 12 : India will surpass Japan and Germany to become the worlds third-largest economy by 2027, said Union minister Jyotiraditya Scindia on Wednesday, advising the Congress to turn pages of history before targeting Prime Minister Narendra Modi. The rate of inflation was 8.3-9 per cent in 2014, when Modi first took over as the PM, and it has now come down to 4.5 per cent, he claimed. The unemployment rate had reached 10 per cent during the Congress [] The post Scindia says India to beco

JERUSALEM, Feb 8: Israels Minister of Economy and Industry, Nir Barkat, will be leading the largest business delegation from the country to India next week to boost bilateral trade in what would be his third official visit to New Delhi. The two-day visit starts next week on Monday. Barkat will also be meeting Commerce and Industry Minister Piyush Goyal during the trip. The largest ever multi-sectoral CEO level delegation from Israel comprises over 100 innovative Israeli companies from healthcare

NEW DELHI, Feb 7 : Union Minister Dr. Jitendra Singh called on the States to establish BioE3 Cells as part of Indias biotechnology revolution, with the aim of realizing Bio-Vision for Viksit Bharat by 2047. During the Centre-State Conclave on BioE3 Policy held at Vigyan Bhavan here, the Minister underlined the significance of strengthening Centre-State collaboration to advance Indias bioeconomy driven future growth. Dr Jitendra Singh highlighted the need for state governments to leverage their u

GUWAHATI, Feb 1: Assam Chief Minister Himanta Biswa Sarma on Saturday termed Leader of the Opposition in Lok Sabha Rahul Gandhis comment on the Union Budget as politically motivated and said he has zero knowledge on the countrys economy. Addressing a press conference here, Sarma also slammed the Congress for not increasing the tax exemption limit during the 60 years of rule. The Congress should not criticise the Union Budget at all. They should know how much relief they had [] The post Rahul Gan

Abhinav Singh In August 2024, the Union cabinet approved the BioE3 policy-Biotechnology for Economy, Environment and Employment, a framework policy to leverage biotechnolog)- for Indias economic growth, environmental sustainability and employment generation. It prioritises bio-manufacturing initiatives in various sectors like biopolymers, smart proteins, bio-therapeutic^ dimate-resilient agriculture. and marine and space research. A key goal is to utilise biomass as a sustainable fuel source. In

Real estate investment stands as one of the best approaches to developing sustainable future wealth. The US real estate markets show constant changes, but a few cities remain primary destinations because of steady economic growth, growing populations, and strong real estate demand. Raleigh in North Carolina, and several other cities in the United States, represents a choice of investment location for the year 2025. Raleigh, NC The increasing employment activity stemming from Apple and Googles gr

LUCKNOW, Jan 25: Samajwadi Party chief Akhilesh Yadav on Saturday said the Uttar Pradesh government is only capable of a trillion lies and its claim of making the states economy reach the USD 1 trillion target in the next four years is impossible. In a post on X, Yadav alleged the BJP government was plagued with corruption, and said there were no tangible investments that have left the farmers, traders, businessmen, and industrialists struggling. BJP can only make a [] The post UP Govts claim o

by shivaji sarkar The Union Budget is to be presented after ten days and Indians eagerly await a miracle. They have been hoping for one, but it hasnt happened since long. Finance Minister Nirmala Sitharamans faith in Manmohanomics is leading to free-flow exploitation through tax on taxes and inflation choking the growth. India must learn from the economic vision of the first decade after Independence, bubbling with many aspirations. Some were fulfilled with the Five-Year-Plans, power projects,

NEW DELHI, Jan 20: The return of Donald Trump as the US President holds the potential to reshape geopolitical dynamics, with profound implications for the global economy and business, Aditya Birla Group Chairman Kumar Mangalam Birla said on Monday. The renewed global push for manufacturing is a welcome shift, signalling a move towards greater resilience and diversification in global supply chains and India, often underappreciated for its industrial capabilities, is poised to seize this moment,

By Satyaki Chakraborty The global economy is set to face significant challenges in 2025, with 56% of chief economists surveyed expecting conditions to weaken, according to the latest Chief Economists Outlook from the World Economic Forum. Only 17% foresee an improvement, pointing to heightened uncertainty in key regions and the need for measured policy responses worldwide. While the United States appears poised for a short-term boost with 44% of chief economists predicting strong growth in 202

JAMMU, Jan 16: Deputy Chief Minister, Surinder Kumar Choudhary, today said that the local industry plays a pivotal role in employment generation besides helping in boosting the economy of a particular region. The role of local industrial sector is of significant importance in ensuring that the economy of a particular area gets the necessary boost and the present government is committed to ensure its proper growth by way of various interventions and industry friendly schemes the Deputy Chief Mini

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

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