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Economy / The New Indian Express
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
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
NEW DELHI: Union minister Nitin Gadkari on Thursday said the current system of toll collection will come to an end within a year and an electronic system will take its place, ensuring a seamless experience for highway users. The new system has been rolled out in 10 places and will be extended across the country within a year, the Union Minister of Road Transport and Highways said in Lok Sabha during Question Hour. This toll system will end. There will be no one to stop you in the name of toll. W
CHENNAI: A 55-year-old employee of a Tiruchy-based real estate firm was allegedly abducted and robbed of Rs 40 lakh by a four-member gang posing as anti-drug police personnel near Vandalur on Friday. The gang later dumped him near Potheri and fled with the cash. According to the police, the victim, Saravanakumar, was sent to Chennai to collect Rs 40 lakh from a contact in Mannadi. After receiving the money on Anna Salai, he boarded a TNSTC government bus bound for Tiruchy to return with the cash
NEW DELHI: As many as 338 A320 family aircraft operated by Indian airlines require the software upgrade to address a potential issue related to flight controls, and modifications have been carried out in more than half of the affected fleet, according to DGCA data. Sources told PTI that there are no flight cancellations, but there are delays in the range of 60-90 minutes for some flights as the software updates are being carried out for the affected planes. On Friday, Airbus said intense solar r
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
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
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
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
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
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
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
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
It may be pure chance that the next round of big-bang reforms directed towards Indias internal economy has come at a time of turbulence on the external front. But its a happy coincidence all the same that GST is getting pruned and simplified, offering a new impetus to consumption, at a time of very erratic weather for exports. The vexed Goods and Services Tax, which has completed eight years with a complex ziggurat-like architecture, is finally getting rationalised into a slimmer, neater structu

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