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Economy / IBTimes

India's green energy capacity records 16 pc rise to 209 GW in 2024

India's total renewable energy installed capacity recorded a robust double-digit growth of 15.84 per cent to touch 209.44 GW, as of December 2024, from 180.80 GW in December 2023, according to a statement issued by the Union Ministry of New and Renewable Energy (MNRE)

13 Jan 2025 3:45 pm
Foreign capital inflows return in Dec, RBI's easing cycle likely to begin in Feb

The conditions are turning favourable for rate cuts in India and the Reserve Bank of India's (RBI) easing cycle is likely to begin from February.

13 Jan 2025 2:10 pm
India's economic growth expected to accelerate in 2nd half of 2024-25: Report

The Indian economy is expected to pick up growth momentum in the second half of the current financial year with high-frequency indicators such as digital payments, power demand, service PMI, air passenger traffic, rising toll and GST collections suggesting a recovery is already underway, according to a Bank of Baroda report released on Saturday.

11 Jan 2025 4:21 pm
SC stays GST show-cause notices to online gaming sector in temporary relief

The Supreme Court on Friday stayed the Goods and Services Tax (GST) show-cause notices, issued to several online gaming companies to the tune of Rs 1.12 lakh crore, providing temporary relief to the sector.

10 Jan 2025 4:31 pm
Centre to launch PLI scheme 1.1 for boosting steel manufacturing tomorrow

Union Minister of Steel and Heavy Industries H.D. Kumaraswamy will launch 'PLI scheme 1.1' for the steel industry and call for applications at an event scheduled to be held at Vigyan Bhavan

5 Jan 2025 6:40 pm
Dramatic decline in India's rural poverty from 25.7 pc to 4.86 pc in last 12 years: SBI report

India's rural poverty ratio has registered a dramatic decline to 4.86 per cent in the financial year 2023-24 from 25.7 per cent in 2011-12 while urban poverty has fallen to 4.09 per cent from 4.6 per cent during this period

3 Jan 2025 4:38 pm
Budget 2025-26: Assocham seeks further ease of doing biz, credit flow for MSMEs

In order to further empower micro, small and medium enterprises (MSMEs) and ensure ease of doing business, there is a need to establish integrated infrastructure townships and universities to promote skill development and entrepreneurship training as well as to foster growth within the sector.

30 Dec 2024 3:40 pm
Greatest economist who shaped nation's economy: K'taka Cong pays tributes to ex-PM Singh

The Karnataka Pradesh Congress Committee (KPCC) on Friday paid tributes to former Prime Minister Manmohan Singh at a condolence meeting organised at the CPED grounds in his honour.

27 Dec 2024 4:29 pm
Indian healthcare sector poised to reach $320 bn by 2028: Report

The healthcare sector in India is expected to reach $320 billion by 2028, even as the country's pharmaceuticals, healthcare, and biotechnology industries continue to evolve in response to global demands.

26 Dec 2024 1:36 pm
Putin once again hails strength of India's growing economy under PM Modi

Russian President Vladimir Putin on Thursday once again acknowledged India's growing economic prowess while highlighting his government's continued efforts to keep the overall economic situation in the country normal and stable despite the long and ongoing conflict with Ukraine.

20 Dec 2024 10:45 am
Foreign investors infuse $436 mn in India's real estate sector, 139 pc YOY increase in Q3 2024

Institutional investments in India's real estate sector witnessed an annual growth of 41 per cent in Q3 2024, reaching $0.96 billion.

21 Oct 2024 2:33 pm