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

Anantapur : Disputes over real estate dealings have been identified as the reason behind the attack on Shivakonda Reddy, the Kadapa TD town president, who was assaulted by five individuals in Kadapa town on October 19. Kadapa police have arrested five suspects: Balisetty Ravi Teja, B Deepak, Shaik Mohammed Inthiaz, Sheikh Sameer, and a minor. CI Tejomurthy reported that both Shivakonda Reddy and Ravi Teja, who are affiliated with TD and involved in real estate, had recently clashed after Reddy a

Washington: India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the country's 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 normali

Hyderabad: Chief Minister A. Revanth Reddy on Sunday announced the target of transforming Hyderabad into a $600-billion (Rs 50 lakh crore) economy and making it compete with global cities like New York, London, Paris, Tokyo and Seoul. This, he said, will contribute to his overall target of a trillion-dollar economy of Telangana. Delivering a keynote speech at the ISB leadership Summit on Sunday, the Chief Minister said: We have an ambitious goal and vision to make Telangana a $1-trillion economy

Bhubaneswar: In a remarkable display of humility and fiscal responsibility, Odisha chief minister Mohan Charan Majhi surprised many on Wednesday when he opted to travel on a regular commercial flight instead of the private jets often used by top politicians. Majhi, accompanied by his wife Priyanka Marandi, flew economy class from Bhubaneswar to Chandigarh, sending a clear message about his commitment to curbing unnecessary public spending. Despite having access to two pre-arranged private jets f

Hyderabad : The Telangana Real Estate Appellate Tribunal began its operations on Wednesday, following the issuance of GO No. 503 by the state government. The tribunal would commence hearings on appeals on the judgments of the Real Estate Regulatory Authority (RERA) starting Friday. This notification allows the tribunal to conduct its activities from Krishna Hostel at the Dr MCRHRD Institute, Jubilee Hills, in Hyderabad. Additionally, GO No. 117 sanctioned 33 permanent posts for the tribunal acro

Hyderabad: After a series of complaints related to pre-launch sales, new types of scams such as buyback offers and invitations for expression of interest (EOI) seeking investments have emerged in the real estate market, targeting home-buyers and real estate investors, especially those from middle-income families. Funds are being raised for projects that have yet to commence or exist only on paper. According to regulations, collecting money by offering buyback schemes and inviting EOIs for real e

New Delhi: The Congress on Sunday hit out at the Narendra Modi government over the prevailing condition of the Indian economy. Asserting that the last 10 years have seen highly detrimental economic trends, the Congress on Sunday said the monsoon had receded but at least three dark clouds of languishing private sector investment, stagnating manufacturing and decline in real wages and productivity for labourers still loom over the Indian economy. Taking on Prime Minister Modi, Congress president M

Digitalisation of the Indian economy, along with the increasing use of smartphones in the past few years has propelled cashless transactions and online purchases

NCP MP Supriya Sule with party leader Rohini Khadse. (PTI File Image) NCP MP Supriya Sule with party leader Rohini Khadse. (PTI File Image) Mumbai: Even as the Eknath Shinde government continues to announce populist schemes ahead of the state assembly election, NCP (SP) working president Supriya Sule on Monday warned that the state economy is in trouble. She claimed that Maharashtras fiscal deficit has increased to almost Rs two lakh crore and the revenue deficit has surpassed the three per cent

Hyderabad :Indias unemployment rate has stagnated at 3.2 per cent for the year 2023-24, marking the end of five consecutive years of decline, according to the latest Periodic Labour Force Survey (PLFS) by the National Statistical Office (NSO). This trend is raising concerns about the economys ability to generate enough jobs, particularly as the labour force continues to grow in both urban and rural areas. In rural regions, unemployment slightly increased from 2.4 per cent in 2022-23 to 2.5 per c

Hyderabad: Telangana Chief Minister A Revanth Reddy on Wednesday said his government would make efforts to increase the state's budget from the present Rs three lakh crore to Rs seven lakh crore in the coming four years. Speaking after launching a skill development programme in BFSI (Banking, Financial Services and Insurance) sector here, he said his government would work to make the state a USD one trillion economy. Observing that world-renowned CEOs like Satya Nadella, Shantanu Narayen and Wor

New Delhi: On the 10th anniversary of his government's flagship scheme 'Make in India', Prime Minister Narendra Modi said on Wednesday that it has led to a rise in exports in different sectors, building capacities and strengthening economy. He said on X, Today, we mark 10 years of Make In India. I compliment all those who are tirelessly working to make this movement a success over the last decade. The programme, he said, illustrates the collective resolve of 140 crore Indians to make the nation

Vijayawada : Education, IT and electronics minister Nara Lokesh on Saturday invited investors into AP, so that the fastest-growing Andhra Pradesh could become a one-trillion economy within the next five years. This will enable us to fulfil our goal of creating 20 lakh jobs in the state, as promised by the Telugu Desam-led NDA alliance government in its election manifesto, Lokesh underlined while addressing the Southern Region Council seminar of the Confederation of Indian Industry (CII) in Vijay

BAGALKOT: In a move that would help in enhancing freight operations and promoting regional economic growth, South Western Railway has announced the opening of Lokapur Railway Station in Bagalkot district for goods traffic, effective immediately. Located in Mudhol Taluk of Bagalkot district, Lokapur Station falls under the Hubballi Division of South Western Railway. Strategically positioned in an area known for its sugarcane and cement industries, the station is expected to significantly benefit

Hyderabad :With the position of the chief electrical inspector vacant for 20 days, approvals for new projects have been halted. CEIG approval is required for electrical installations with a capacity greater than 10 kilowatts (kw). Worst affected are real estate projects, residential and commercial, mostly multi-storeyed buildings where the inauguration was planned in the Dasara period. Power connections are given only after CEIG approval, and electricity meters are installed based on the require

Chennai: India is set to become the third-largest economy and transition to the upper-middle-income category by fiscal 203031 if forecast annual growth of 6.7 per cent is realized, finds S&P Global. In the post-pandemic world, India has emerged as the fastest-growing large economy, with healthy medium-term prospects. In FY 2024, growth was on the upside at 8.2 per cent, exceeding the governments earlier estimate of 7.3 per cent. Increasing productivity should boost Indias growth, allowing the ec

Mumbai : With credit growth outpacing deposit growth, potentially leading to liquidity challenges for banks, the head of the countrys largest lender State Bank of India (SBI) on Wednesday called on the various financial services players in meeting the credit needs of the fastest growing economy. Speaking at the Bengal Chamber of Commerces Financial Market Conclave 2024, SBI chairman CS Setty said, Its not that deposits are not growing but the challenge has come because credit growth has overtake

Hyderabad: IT Minister D. Sridhar Babu has urged the Centre to support the Telangana governments vision to transform the state into a trillion-dollar economy over the next decade. One trillion dollars is equivalent to Rs 84 lakh crore as per current exchange rate. Speaking at a National Commerce Council meeting in Mumbai on Friday, Sridhar Babu explained the state government's strategic plans and targets. The meeting, chaired by Union commerce minister Piyush Goyal, focused on trade policies, b

Building a self-sustaining, at-scale, zero waste to landfill, circular economy model in plastics waste management with active community participation in ensuring effective waste segregation.

WASHINGTON: US presidential hopefuls Kamala Harris and Donald Trump clashed on China and economic issues Tuesday, with the Democratic candidate saying he sold us out on China while the former president declared hey've destroyed the economy. He ended up selling American chips to China to help them improve and modernize their military, said Harris in her first debate with Trump ahead of the November 5 election. (He) basically sold us out when a policy about China should be in making sure the Unit

MUMBAI: The Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday called for a multi-pronged and a multi-sectoral approach for the country to realise its aspiration of transitioning from an emerging to an advanced economy by 2047. The central bank chief said that the Indian growth story remains intact with consumption and investment demand growing in tandem, and emphasised that past reforms need to be augmented by reforms in land, labour and agricultural markets. Das also said that RB

Tollywood's one of the most loved actors Allu Arjun, known for his charismatic performances in blockbuster films like Pushpa and Arya, is back to making headlines, but not for a movie release or a box office record. The actor had reportedly invested in two new properties at Jubilee Hills, Hyderabad. According to reports, the Icon Star had purchased two properties in the prime area of Venkatagiri, Jubilee Hills and works on building a new house and office are also underway. The new house, the rep

India sustains robust growth as services drive economy, with PMI indicating strong output for 37th month despite manufacturing slowdown

Investors continue to find real estate appealing, chiefly due to the relatively higher returns and stability on offer. (Representational Image) Investors continue to find real estate appealing, chiefly due to the relatively higher returns and stability on offer. (Representational Image) Hyderabad: Telanganas talent, technology, and real estate are propelling the state's economic expansion. Hyderabad has emerged as a preferred destination for global real estate investors and occupiers and the ci

Urbanisation in the state had reached nearly 45 per cent and the real estate and construction industry played a role in the state's development, said civil supplies and irrigation minister N Uttam Kumar Reddy at the state conference of Confederation of Real Estate Developers' Associations of India (Credai)

Mumbai: The demand conditions in the economy are gathering momentum after some slack in the first quarter of 2024-25, the Reserve Bank of India (RBI) observed in its monthly bulletin of August 2024. Rural consumption spending on the back of growing incomes is beginning to drive volume growth in fast moving consumer goods (FMCG), reflecting strengthening fundamentals. Rural saving is also on the rise as evident in rising numbers and outstanding amounts of savings bank accounts. Receding of inflat

HYDERABAD: CSK is popular across India as the Indian Premier Leagues Chennai franchisee Chennai Super Kings. But in the Old City, CSK stands for Chimanlal Suresh Kumar a textile trader, in his late 50s, who is said to be part of a real estate mafia. He is reported to be responsible for encroaching on the land of the Nizam eras Rukn-Ud-Dowla lake at Shastripuram, where recently the HYDRAA dismantled 13 multi-storey buildings and 11 boundary walls. According to sources, Suresh Kumar had purchase

Bhubaneswar: Under the direction of Prime Minister, NITI Aayog has come forward to support Odisha in preparing a Vision Document to realise its goal of a Bikasita Odisha ( Vikshit Odisha or developed Odisha). The CEO of NITI Aayog, B.V.R Subrahmanyam, on Tuesday met chief minister Mohan Charan Majhi here at Lokseva Bhawan on Tuesday and discussed this grand strategy. During the discussion, CM Majhi said, Odisha has huge potential in different sectors and we need to realise this potential to achi

Hyderabad: BJP state executive committee member Gudur Narayana Reddy on Tuesday strongly urged Chief Minister A. Revanth Reddy to take immediate steps to revive the real estate market in and around Hyderabad and in the rural areas of Telangana. In a media statement, he said that the real estate market was in a slump and the developers and builders were in a state of agitation. He claimed that Hyderabad had recorded the most significant decline in new residential launches among Indias major citie

Bangkok: Japans benchmark Nikkei 225 stock index plunged nearly 13 percent on Monday, extending sell-offs that shook world markets last week as worries flared over the state of the U.S. economy. Near closing time in Tokyo, the Nikkei was down more than 4,500 points at 31,341.29. The market's broader TOPIX index fell 11.5% as selling picked up in the afternoon. A report showing hiring by U.S. employers slowed last month by much more than expected has convulsed financial markets, vanquishing the e

New Delhi: The 7th edition of the India International Hospitality Expo (IHE 2024) was inaugurated by Union Minister for Tourism and Culture Gajendra Singh Shekhawat on Saturday at the India Expo Centre and Mart. In his keynote address, Gajendra Singh Shekhawat said that it was a matter of pride for everyone to be part of IHE 2024 which is being successfully organized for the seventh time and has played a significant role in advancing Indias hospitality industry over the past six years. IHE not o

Prime Minister Modi predicts India will soon become the third largest economy, citing flourishing domestic industry and robust growth

PM Modi asserts India will become the world's third-largest economy, urging industries to seize the golden chance for growth and development

NITI Aayog outlines vision for India to become a $30 trillion economy with $18,000 per capita income by 2047, needing sustained 7-10% growth

Removal of indexation benefits affects high-end property investments, dampening interest and price appreciation in upscale real estate

Hyderabad: The Union Budget 2024-2025 that was presented on Tuesday is likely to scale up the citys infrastructure, improve connectivity to Hyderabad, increase the number of beneficiaries of houses given to the economically weaker sections for free and boost water supply. The budget allocations are also likely to have a positive impact on the real estate sector. In a significant investment towards infrastructure, the Union government has provided Rs 11,11,111 crore for capital expenditure, which