Economy / Deccan Chronicle
In a bid to boost the agricultural economy and curb the menace of illicit liquor, the Odisha government has decided to promote the production of liquor brewed from locally grown millets.
Gross inequality of districts within the state in terms of industrialisation was found
The world, particularly the rich and the powerful, could not care less about Indias election schedules. Nor are policies made elsewhere timed to roll out to fit the narrative of politicking in India
Moodys says Indias tax cuts will drive middle-class spending and corporate growth but may slow fiscal consolidation
Education systems need to integrate green skills development at every level, say experts
Economic Survey 2025 warns against excessive financialisation, urging balanced financial sector growth for economic stability
He alleged that the BJP deliberately kept the current President and her predecessor, Ram Nath Kovind, away from both Parliament and Ram temple in Ayodhya.
PM Modi highlights Indias progress toward a $5 trillion economy, focusing on value addition and green energy
Optimism in Indias economic growth has declined from 79 per cent in 2024 to 71 per cent in 2025
~ Major milestone with first dispatch of 100 tonnes of rice from Gohana facility ~ ~ Expected to generate 2000 jobs through direct and indirect employment ~ Adani Wilmar Limited, one of India's largest Foods FMCG companies, marked a significant milestone with the commencement of operations at its integrated food processing plant in Gohana, Dist. Sonepat, State Haryana. The inauguration was celebrated with the first dispatch of 100 metric tonnes of rice. This food complex is one of the largest in
SuperHumanRace, a leading technology company specializing in data platforms at the intersection of climate and finance, and CREDAI Maharashtra, a premier body of real estate developers, have signed a landmark Memorandum of Understanding (MoU) to collaboratively develop and implement Regional Emissions Inventories for the real estate sector in Maharashtra. At the launch event in Mahabalipuram, on Jan 06, 2025, Mr. Pramod Khairnar , President of CREDAI Maharashtra, talking about the MoU, shared, T
Naidu pledges economic growth, $42,000 per capita income, and inclusive development for Andhra Pradesh by 2047
New Delhi: Industry body Ficci on Thursday lowered India's growth projection for the current financial year to 6.4 percent from 7 per cent estimated earlier. Sharing their perspective on the expected impact of US President Donald Trump's policies on the Indian economy, the economists indicated the possibility of short-term disruptions through channels like exports, foreign capital flows, and input costs for the US trading partners including India. As the Union Budget for the financial year 2025-
New Delhi: The Bharatiya Janata Party on Thursday slammed Hindenburg Research after it announced its decision to shut operations, alleging that the US-based short seller's reports were 'supari' taken against India's rising economic power. Speaking to ANI, BJP Spokesperson Shehzad Poonawalla alleged that Hindenburg's report was sponsored, organised, orchestrated and manipulated act of economic anarchism and economic terrorism. Hindenburg report was 'supari' taken against India's rising economic p
Hyderabad: A real estate scam whereupon buyers are being sold undeveloped plots, which are devoid of the promised amenities like roads, electricity and parks, has come to light. Of the many developers who are into such nefarious deals is Suvarnabhoomi Developers, against whom six complaints have been registered with the Real Estate Regulatory Authority (RERA). Incidentally, RERA-registered developers like Maha Infra and Axis Constructions purchase land, obtain layout approvals from HMDA and sell
Hyderabad :The LB Nagar police registered a case against the officials of Kirthi Infra, real estate company, following a complaint on Tuesday. The case was booked based on a complaint lodged by Bharatha Raveender, a resident of Chanchalguda, in December. Bharatha claimed that representatives from Krithi Infra, including D. Srikanth, D. Gopal, Bhukya Radha, and executive director Shashi Kanth, approached him through their sales manager Supriya and offered to sell an apartment in a 16-floor gated
Hyderabad: Governor Jishnu Dev Varma on Sunday said cost and management accountants (CMAs) have played a crucial role in the development of the Indian economy by ensuring financial discipline, cost optimisation, and resource management. Speaking at the diamond jubilee Celebrations of the Institute of Cost Accountants of India (ICMAI), Hyderabad, the Governor highlighted the significance of CMAs in driving India towards becoming a $5 trillion economy and contributing to the goals of Vision India
Mumbai: Amidst an uncertain global macroeconomic and financial environment, the Indian economy is exhibiting resilience and stability with the Gross Domestic Product (GDP) projected to grow at 6.6 per cent in 2024-25. The growth would be aided by the revival in rural consumption, pickup in government consumption and investment and strong services exports said the Reserve Bank of Indias (RBI) Financial Stability Report December 2024 released on Monday. In his foreword to the Report RBI Governor S
Mumbai: Shiv Sena (UBT) leader Sanjay Raut on Sunday slammed Prime Minister Narendra Modi stating that the countrys progress has declined under Modis regime. Indias economic condition has clearly deteriorated, he said. Raut claimed that India has become a sick and crippled economy. In his weekly column Rokthok in party mouthpiece Saamana, Mr. Raut said that even moral values have gone down during the Modi regime. Indias economic condition has clearly deteriorated. Modi had spoken about making In
Sri City won two awards in a convergence of great brands and extraordinary leadership. Sri City won two awards in a convergence of great brands and extraordinary leadership. Tirupati: Sri City, an integrated business hub in Tirupati district, has secured Rs 3,750 crore in investments during 2024, significantly boosting the region's economy. These investments are expected to generate over 17,000 new employment opportunities. Total 15 memoranda of understanding have been signed, with nine new comp
Hyderabad: Since its establishment on July 19, the HYDRAA has reclaimed nearly 200 acres of land by removing encroachments from 12 lakes, eight parks, and four government properties, according to the agencys commissioner A.V. Ranganath. Announcing these achievements during a press meet to present the agency's annual report for 2024 and road map for 2025, here on Saturday, Ranganath said the HYDRAA has identified around 1,025 water bodies in the GHMC area using Survey of India topology sheets, c
Hyderabad: Just as in his first 1991 Budget, former prime minister Manmohan Singh was confident and optimistic about India's future. In his last interview in September 2023 to a national daily, Dr Singh said India can rise to become an economic powerhouse of the world in the coming decades through emphasis on manufacturing and production combined with services. As the world transitions to an environment-friendly development model, it opens new avenues such as green mobility, minerals and clean t
Hyderabad: Manmohan Singh steered the country's economy towards progress during a critical period as finance minister and later made praiseworthy contributions as prime minister, said Vani Devi, daughter of former PM P V Narasimha Rao. Vani Devi, an MLC of Bharat Rashtra Samiti (BRS), said the situation in the country would have been unimaginable had the economic reforms undertaken by Singh as finance minister been not taken up. Singh never hankered for power but positions came to him because of
New Delhi: Former Prime Minister Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic prospects for hundreds of millions of Indians, first deputy managing director of the International Monetary Fund (IMF) Gita Gopinath said on Friday. In a social media post on X, Gopinath further said Singh's visionary reforms inspired countless young economists like her. Dr Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic pros
Medak: Vice President Jagdeep Dhankhar on Wednesday said that Prime Minister Narendra Modi raised the vocal for local slogan inspired by Mahatma Gandhis Swadeshi movement. India will emerge as the third biggest economy in the world by overcoming Japan and Germany soon, he said, adding interest in foreign goods would adversely affect the country. Speaking at the natural and organic farmers summit -2024, organised by ICAR-Krishi Vigyan Kendra, at Tuniki village in Medak district on Wednesday, Dha
New Delhi: India's economy is likely to grow by 6.5 per cent in the current and the next financial year, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation. This was primarily because two domestic demand components -- private final consumption expenditure and gross fixed capital formation -- together accounted for a fall of 1.5 percentage points according to a EY report. Real GDP growth eased to a se
Even as most taxpayers will be busy this coming week making plans for the year-end and the New Year, Union finance minister Nirmala Sitharaman and her colleagues will be pouring over numbers and cogitating over ideas finalising the Budget statement and speech scheduled for February 1. While the speech itself goes through several drafts till almost the very last day, with the Prime Minister giving his imprimatur, the budgetary numbers and major proposals would be in the pipeline by early January.
Hyderabad: The Economic Offences Wing (EOW) of the Cyberabad police arrested two persons for allegedly cheating people of `3.1 crore in the name of real estate investment and good returns with a buyback scheme. According to the police, the accused were identified as Maguluri Chandra Reddy and Maguluri Aruna alias Aruna Kumari, residents of Kondapur. Police had received a complaint from Jonnala Srinivasa Reddy, a resident of Nizampet. According to the police, the accused persons had induced about
New Delhi: The HSBC Flash India Composite Output Index, which tracks combined output across manufacturing and services, rose to 60.7 in December from 58.6 in November, signaling the strongest expansion since August 2024, according to HSBC data compiled by S&P Global. India's private sector witnessed robust growth in December, marking its highest performance in four months. Both the manufacturing and services sectors showed accelerated growth, supported by increased new business inflows and heigh
Hyderabad: IT and industries minister Duddilla Sridhar Babu reiterated the governments ambitious goal of transforming the state into a trillion-dollar (Rs 84 lakh crore) economy over the next decade. He highlighted that artificial intelligence (AI), semiconductors, and quantum computing will serve as key drivers for this exceptional economic growth. Speaking at the conclusion of the IAmPhenom India conference, organised by global AI leader Phenom at Hitec City on Friday, the minister emphasised
According to DBS the Asia-10 economies are China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand. According to DBS the Asia-10 economies are China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand. Chennai: With its per capita income far exceeding the national average, Tamil Nadu was faring better in its contribution to national economy and the state's industries and services sectors played
Hyderabad : Dr T.M. Balakrishnan Nair, director of the city-based Incois, said that the ocean held the key to mitigating disasters and unlocking sustainable economic growth. He highlighted the role of advanced technologies and predictive modelling in reducing the risks posed by natural disasters. As part of the India Meteorological Departments 150th-anniversary celebrations, Dr Nair spoke about how real-time oceanographic data, wave forecasting, and storm surge predictions empower coastal commun
Mumbai: Telangana has slipped one place to be the fifth largest contributor to the countrys economy for 2023-24 according to the Reserve Bank of Indias Handbook of Statistics on Indian States released Monday. The net state domestic product (current prices) for Telangana rose to Rs 13.61 lakh crore from Rs 11.87 lakh crore in 2022-23, a growth of 15 per cent. The first place was taken by Maharashtra that had a net state domestic product of Rs 35.24 lakh crore in 2023-24 compared to Rs 31.79 lakh
Says BJP-led govt worked tirelessly to bridge gap between Delhi, NE
Federal Bank has launched an extraordinarily transformative initiative Kaliyum Karyavum, an event aimed at educating school children on essential life skills through captivating traditional art forms. With a history spanning over 90 years, Federal Bank, deeply rooted in Kerala, is leveraging its profound understanding of the state's cultural legacy to make learning engaging and impactful. Today's students are the future architects of our economy. And the Bank's mission has always been more than
As part of the initiative, the state government will supply fruits, vegetables, meat, and poultry to the ITBP. These produces will be procured from local farmers, self-help groups (SHGs), farmer producer organisations and farmer cooperatives, according to a statement from the Chief Minister's Office
Hyderabad: Banyan Nation, a start-up in plastic waste recycling, is set to make a significant contribution to the states circular economy with a Rs 200-crore investment for large-scale expansion, IT minister Duddilla Sridhar Babu announced on Thursday. Speaking after meeting Banyan Nation representatives, the minister said Banyan Nation was operating a recycling facility in Pashamylaram Industrial Area at Patancheru Mandal, with an annual capacity of 15,000 tonnes, Banyan Nation aims to triple i
Mr Goyal said that he raised the issue with his French counterpart during talks held a day earlier
Hyderabad: Rich Indian entrepreneurs are spending their wealth on luxury residences, goods and experiences as they remain optimistic about their business prospects in the home market and believe their personal wealth will grow, despite geopolitical uncertainty and global macroeconomic headwinds, HSBCs Global Entrepreneurial Wealth Report 2024 reveals. HSBCs Global Entrepreneurial Wealth Report 2024 provides a unique insight into the attitudes of wealthy business owners around the world, includin
Starting Nov. 30, travelers from Bulgaria, Romania, Malta, Croatia, Montenegro, North Macedonia, Estonia, Latvia and Japan will be able to enter China for up to 30 days without a visa, Foreign Ministry spokesperson Lin Jian said
Hyderabad : Union Minister and Telangana BJP president G Kishan Reddy on Sunday alleged that the Congress government's Musi rejuvenation and beautification plan is othing but a cover for destroying poor families' homes and benefiting real estate developers. The demolition of houses is not a solution, and the easiest way for the government is to construct retaining walls along the Musi, he told reporters here. Alleging that the ruling government in Telangana is planning to demolish houses built
On July 10, the ED had filed a detailed reply in the case and opposed P Chidambaram's previous anticipatory bail. (Photo: File) On July 10, the ED had filed a detailed reply in the case and opposed P Chidambaram's previous anticipatory bail. (Photo: File) Mumbai: Senior Congress leader P Chidambaram said on Saturday that his party built Maharashtra brick by brick to make it India's top state but its economy is now declining under the current Mahayuti government. Addressing a news conference ahea
New Delhi : Global rating agency Moodys Ratings on Friday said that the Indian economy is in a sweet spot and projected a 7.2 per cent gross domestic product or GDP growth for India in 2024 with the mix of solid growth and moderating inflation. However, it flagged concern over rising prices, saying that inflation risks may prompt the Reserve Bank of India (RBI) to retain a relatively tight monetary policy this year. The retail inflation jumped to a 14-month high of 6.21, breaching the RBI's uppe
New Delhi: The government is likely to focus on spending a major chunk of funds in the rural sector in the second half of this fiscal (FY2024-25). Gearing up, the government plans to spend about 60 per cent unspent funds for the sector which have been allocated in the last budget in July, aiming that rural demand and government spending will be key drivers of India's economic growth, a top government source said on Friday. The rural sector contributes a significant amount to Indias GDP, and is
New Delhi : Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody's 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, high inflation and consequent monetary poli
Singhdeo suggested leveraging funds from the District Mineral Foundations (DMFs) to support backyard poultry initiatives that focus on indigenous poultry breeds and scientific farming methods
State expects to achieve a growth rate of 15% per year under Swarnandhra Vision Document 2047, says CM
Hyderabad: State BJP president and Union minister G. Kishan Reddy said that the Congress government had failed miserably on all fronts and the administration had become paralysed the system. Its 10-month rule reflected the 10 years of BRS rule, he said. Kishan Reddy demanded a comprehensive White Paper on the states economy, including the MoUs signed so far as well as the total debt of the state government. Addressing a press conference here on Sunday, Reddy said that all sections of society, in
New Delhi: The fast-growing Indian online gaming sector is facing a significant threat from money laundering, necessitating urgent steps to ensure its sustained success and protect the country's robust digital economy, a report said on Thursday. The essential measures outlined in a report by the Digital India Foundation include forming a dedicated task force for illegal operators, creating a whitelist of legal operators, combating misleading advertisements, and incorporating principles of financ