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The New Indian Express News

Economy / The New Indian Express

Not just dead economy, we're turning into dead society too: Rahul on rape victim's ill-treatment

NEW DELHI: Congress leader Rahul Gandhi on Wednesday said India is not just becoming a dead economy but also a dead society after alleged ill-treatment of the Unnao rape survivor. Gandhi said the rape survivor, who was protesting in Delhi against the bail granted to accused Kuldeep Singh Sengar by the high court, should be treated with respect and that justice should be ensured to her, instead of giving her injustice and fear. Is such treatment of a gang rape survivor appropriate? Is it her 'fau

24 Dec 2025 6:24 pm
IndiGo crisis: Why situation precipitated, Delhi HC asks Centre; flags loss to economy

NEW DELHI: The Delhi High Court on Wednesday questioned the Central government as to why the situation that led to the cancellation of a number of flights by IndiGo precipitated, and termed it a 'crisis'. The high court said besides trouble and harassment caused to the stranded passengers, the question is of the losses caused to the country's economy. A bench of Chief Justice Devendra Kumar Upadhyaya and Justice Tushar Rao Gedela also asked how other airlines could take advantage of the crisis s

10 Dec 2025 2:22 pm
Inside Indias white revolution 2.0: Shahs big bet on circular dairy economy

AHMEDABAD: Union Home and Cooperation Minister Amit Shah on Saturday inaugurated Banas Dairy's Bio-CNG and Fertilizer Plant in Banaskantha. He also laid the foundation stone for a new milk powder and baby food facility. Shah said the circular economy model will boost dairy farmers income by 20% within five years, marking what he called a decisive step toward White Revolution 2.0. Amit Shah is on a three-day tour of Gujarat. With the inauguration of Banas Dairys state-of-the-art Bio-CNG and Ferti

6 Dec 2025 4:46 pm
Sitharaman lauds J&K CM Omar Abdullah's 'focused' efforts to revive economy after tourism setback

NEW DELHI: 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 territory's economy following a major setback to J-K's tourism sector. Reflecting on the nation's 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 said

6 Dec 2025 1:49 pm
Indias wait to be a $5-tn economy could get longer

NEW DELHI: Indias ambition of becoming a $5-trillion economy will take longer than earlier thought, according to the latest projections by the International Monetary Fund (IMF). The delay has been attributed to slower nominal GDP growth and sharper depreciation of the rupee. India initially aimed to achieve the $5-trillion milestone by 2024-25, before revising the target to 2027-28. However, the IMF now estimates the economy to cross the $4-trillion mark only in FY26 and reach $4.96 trillion in

28 Nov 2025 7:49 am
ED arrests Lalu Prasad family 'aide' in real estate fraud case

NEW DELHI: The Enforcement Directorate has arrested Amit Katyal, a real estate businessman considered close to RJD chief Lalu Prasad's family, in a money laundering case linked to alleged cheating of homebuyers in Gurugram, official sources said. Katyal was taken into custody by the Gurugram zonal office of the agency on Monday under the Prevention of Money Laundering Act (PMLA), they said. A special court in Gurugram sent him to six-day ED custody. The investigation pertains to the allegations

19 Nov 2025 1:33 pm
Congress warns US HIRE Act may hit Indian economy if passed

NEW DELHI: The Congress on Tuesday warned that a bill introduced in the US Senate, proposing a 25 per cent tax on any American payments for outsourced work, will light a fire in the Indian economy if it becomes a reality. Congress general secretary in-charge of communications, Jairam Ramesh, made the remarks while referring to the Halting International Relocation of Employment Act, or HIRE Act , introduced on October 6 by Senator Bernie Moreno of Ohio. The bill has been referred to the Senate Co

4 Nov 2025 10:46 am
Uttarakhand CM Dhami launches Rs 185.20 crore Sharda Corridor project to boost tourism, local economy

DEHRADUN: Uttarakhand Chief Minister Pushkar Singh Dhami on Friday launched the first phase of the ambitious Rs 185.20 crore Sharda Corridor project at Sharda Ghat, Tanakpur, describing it as a monumental convergence of faith, culture, and sustainable development for the region. The Chief Minister said the project aims to transform the valley stretching from Banbasa to Mata Rankochi into a vibrant confluence of religion, nature, and employment opportunities. This land will no longer be merely a

24 Oct 2025 9:21 pm
'Our oil beneficial for Indian economy': Russian Ambassador reacts to Trump's claim

NEW DELHI: Russian Ambassador to India DenisAlipovon Thursday stressed the importance of Russias oil supplies to India , describing them as very beneficial and aligned with Indias national interests. Addressing questions here about Indias continued purchase of Russian energy amid repeated pressure from US President Donald Trump,Alipovemphasisedthat the Indian governments decisions are driven by its own priorities. The Indian government is acting, having in mind the national interests of this cou

16 Oct 2025 1:59 pm
India on track to become 3rd largest economy, UK perfectly placed to be partner in this journey: Starmer

MUMBAI: India is on track to become the third largest economy by 2028 and the UK is perfectly placed to be a partner in this journey, British Prime Minister Keir Starmer said on Thursday. Addressing a news conference here, he expressed confidence that US President Donald Trump's Israel-Hamas peace plan will bring relief to the hostages, civilian population in Gaza, and the whole world. The India-UK trade deal is a launchpad to boost British leadership in areas ranging from technology to life sci

9 Oct 2025 7:33 pm
GST reforms injected Rs 2 lakh crore into economy: Finance Minister Nirmala Sitharaman

VISHAKAPATNAM: Union Finance Minister Nirmala Sitharaman on Wednesday said the Next Gen GST reforms have infused Rs 2 lakh crore into the economy, which has left people with more cash on hand, which otherwise would have gone to taxes. Addressing the Outreach and Interaction Program on Next Gen GST Reforms, she also said, following the tax reforms, 99 percent of goods under 12 percent GST slab have moved to five percent. The rejig has resulted in 90 percent items under 28 percent tax slab slippin

17 Sep 2025 12:01 pm
India to have skyscrapers near upcoming airports to amplify real estate: Civil Aviation Minister Ram Mohan Naidu

NEW DELHI: Civil Aviation Minister Ram Mohan Naidu has announced that the government would take efforts to amplify real estate activities within close proximity to upcoming and new airports in order to ensure sectoral growth to 15% in the near future. An official release said the Minister made the announcement during the second day of the National Real Estate Development Councils (NAREDCO) 17th National Convention on Saturday. The Minister indicated that a study is being undertaken to draw devel

31 Aug 2025 9:16 pm