Economy / The New Indian Express
BHUBANESWAR : Police on Monday arrested the managing director of real estate firm M/s Ultra Look Ventures private limited for allegedly duping a Central Reserve Police Force (CRPF) personnel of Rs 18.65 lakh on the promise of providing him a flat in one of his projects here. Police said accused Narottam Mohanty had taken the money towards advance from complainant Umakanta Panigrahi, who is posted as CRPF constable in Chhattisgarh, to provide him a flat in his project - Maa Santoshi Enclave. Afte
GUNTUR: Bapatla District Collector J Venkata Murali stated that the newly introduced railway rake movement in the district will significantly benefit the local economy. On Thursday, he, along with MLA Vegesna Narendra Varma, inaugurated loading and unloading operations at Bapatla Railway Station. Speaking at the event, the Collector emphasised that the new freight facility would enhance connectivity and economic growth. Previously, goods transport was handled from Chirala, but now, grains and es
KOCHI: Climate tech startup, Circularity Innovation Hub India and Kerala-based sustainability startup Green Worms have successfully executed a global and Indias first-of-its-kind mass-scale circular economy initiative. It has integrated circularity credits, a novel 'environmental asset' with RBIs programmable Central Bank Digital Currencies (CBDCs). This pioneering project sets a global benchmark for merging sustainability with financial inclusionby providingend-to-end traceability and transpare
CHANDIGARH: Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu presented a tax-free budget with an outlay of Rs 58,514 crore for the year 2025-26. The budget focuses on strengthening the agrarian economy through the participation of farmers, rural youth and women besides improving healthcare facilities. He also announced the constitution of a Special Task Force (STF) to combat drug abuse in Himachal Pradesh. The government will focus on promoting religious and eco-tourism besides exploring l
NEW DELHI: Union minister for Information and Broadcasting (I&B) Ashwini Vaishnaw on March 13 announced a dedicated fund of one billion US dollars to empower the talented creators and boost the creator economy. For creator economy, a one-billion US dollar fund will be established. It is to make sure that all our energetic creators -- using the latest technologies today -- will be able to get access to the capital and hone their skills and upgrade production level to reach out to the internationa
SRINAGAR: The Jammu and Kashmir economy is projected to grow at 7.06 percent and the nominal Gross State Domestic Product (GSDP) may increase by 11.19 percent in 2024-25, according to the Economic Survey Report (ESR) 2024-2025. As per the survey, which was tabled by Chief Minister Omar Abdullah in Assembly on Thursday, the size of the economy is estimated to be approximately Rs 2.65 lakh crores. J&K UT is estimated to achieve a compound annual growth rate of 4.89 percent in its real GSDP from 20
HARSIL: Making a strong pitch for round the year tourism in Uttarakhand, Prime Minister Narendra Modi Thursday said there should be no off-season in the picturesque hill state and this would strengthen its economy in a big way. Addressing a rally in Harsil after offering prayers at the village of Mukhwa, the winter abode of Goddess Ganga in Uttarkashi district, he said visitors will get the true flavour of Uttarakhand if they come to the state in winter. When fog envelops the rest of the country
NEW DELHI: Union minister Bhupender Yadav said on Tuesday that Indias circular economy has the potential to create a market worth over $2 trillion and generate nearly 10 million jobs by 2050. He said the circular economy may be about to drive one of the biggest transformations in business since the industrial revolution 250 years ago. Through a radical departure from the traditional take, make, waste production and consumption models, the circular economy could provide a potential $4.5 trillion
RAIPUR: The Chhattisgarh government on Monday presented a Rs 1,65,000 crore budget for the financial year 2025-26, aimed to build on the progress made in previous year growth with GATI. Finance minister O P Choudhary, in the second budget of the Vishnu Deo Sai government, focused on driving growth in Chhattisgarh under the theme of GYAN ke liye GATI to propel the journey with a rapid progress towards achieving the goals for 2030. While stressing on prosperity for previous year theme GYAN gareeb
NEW DELHI: India on Monday proposed a multi-nation alliance for technical collaboration, partnerships, and cooperation between private sectors at the city level to accelerate the circular economy for a sustainable future. Speaking at the inauguration of the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific, Union Minister of Housing and Urban Affairs Manohar Lal said that, to carry forward the vision of Prime Minister Narendra Modi, he suggests a new platform - Cities Coalition
PATNA: The Bihar economy at current prices has grown 3.5 times, from Rs 2.47 lakh crore in 2011-12 to Rs 8.54 lakh crore in 2023-24, according to the states Economic Survey report for 2024-25 presented by Deputy CM and finance minister Samrat Choudhary in the assembly on the first day of the budget session on Friday. Choudhary said that the economic growth had taken place over the last two decades, improving socio-economic indicators. As per the latest available estimates, the Gross State Domest
GUWAHATI: Prime Minister Narendra Modi on Tuesday said Assams contribution to Indias growth is steadily increasing, highlighting that the states economy has doubled in just six years under BJP. Addressing a gathering after inaugurating the Advantage Assam 2.0 business summit in Guwahati, Modi said East India and Northeast India are embarking on a new journey of the future and Advantage Assam is a mega initiative to intertwine the incredible potential and progress of Assam with the world. The PM
DEHRADUN: Uttarakhands economy has expanded 21 times in the past 23 years, surpassing the growth of Jharkhand and Chhattisgarhboth formed on 9 November 2000. This key finding is detailed in the Economic Survey Report for 2024-25, presented by Parliamentary Affairs Minister Prem Chand Agarwal in the assembly. During his presentation, Agarwal stated, The report clearly indicates Uttarakhand's significant progress, highlighting our unwavering commitment to development. The newly released Economic S
JAIPUR: Rajasthan Deputy Chief Minister Diya Kumari on Wednesday presented the Budget for the financial year 2025-26 and announced that the government is committed to make the state a USD 350 billion economy. Kumari, who also holds the finance portfolio, said the state government has delivered 58 per cent of its promises made in the election manifesto and has fulfilled 73 per cent of the previous Budget announcements. She announced that as many as 2 lakh new houses will be provided with drinking
NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday said that the Indian economy is seeing a speedy rebound from 5. 4 per cent growth clocked in the second quarter of the current fiscal, and the government shall take measures to ensure that India remains the world's fastest-growing economy. Replying to discussions on the Union Budget for 2025-26 in the Lok Sabha, the finance minister said the Budget has taken various steps to increase liquidity in the hands of people while maintaining fisc
NEW DELHI: Ahead of the Union Budget, the Congress Thursday slammed the government's handling of the economy, asserting that there is a slowdown with o jobs, raging inflation, stagnating wages and huge income inequality. The Congress on Thursday came out with a 'Real State of the Economy' report, compiled by AICC Research Department chairperson Professor M V Rajeev Gowda and his team, claiming the Modi government is marching India forward into the middle-income trap, which will make the country
LUCKNOW: Samajwadi Party chief Akhilesh Yadav on Saturday said the Uttar Pradesh government is only capable of 'a trillion lies' and its claim of making the state's economy reach the USD 1 trillion target in the next four years is 'impossible'. In a post on X, Yadav alleged the BJP government was plagued with corruption, and said there were no tangible investments that have left the farmers, traders, businessmen, and industrialists struggling. BJP can only make a record of saying 1 trillion lies
LUCKNOW: Crores of devotees descending on the banks of the Sangam to be part of the world's largest religious congregation underscores its unparalleled magnitude. The Mahakumbh, for some, serves as a path to spiritual fulfilment; for others, it is an opportunity to seek salvation. Many are drawn by curiosity about the rituals and the spectacle of such a vast assembly. However, the millennia-old, 46-day event, with an anticipated footfall of over 40 crore, is also a significant economic driver, c
NEW DELHI: The architect of the first round of Indias economic reform Dr Manmohan Singh , the former prime minister and finance minister breathed his last late on Thursday night. Mr Singh, who is known for heralding the era of market economy in India, is fondly remembered more for his stint as the finance minister of India under Prime Minister PV Narasimha Rao than his two stints as the prime minister in the UPA government from 2004 to 2014. Dr Manmohan Singh kick-started the economic reform p
NEW DELHI: Hailed as the architect of India's economic reforms , former prime minister Manmohan Singh, in one his last interviews, had said in 2019 that the country's economy was over-regulated, the government exerted control and interferences were aplenty with even regulators having morphed into controllers. Speaking to PTI in an exclusive interview on May 5, 2019, days before his successor Narendra Modi returned as prime minister for a second consecutive term, Singh cited the-then economic gro
Dr. Manmohan Singh, widely regarded as one of India's most influential economists, left a lasting impact on both the countrys economic policies and global economic thought. As the chief architect of India's economic liberalisation, he played a pivotal role in the 1991 economic reforms during a severe balance of payments crisis, when foreign exchange reserves were at an all-time low. The former Prime Minister, who passed away on Thursday, will always be remembered as the leader who championed the
NEW DELHI: The second day of the special debate on the 75th year of the Constitution saw fireworks after Parliamentary Affairs Minister Kiren Rijiju attacked the Congress citing BR Ambedkars resignation letter to Jawaharlal Nehru and accused the party of humiliating him. Rijiju said Ambedkar did not get any ministry related to economy despite him expressing his interest clearly. Ambedkar told Nehru that his first priority was economy, but he did not get those ministries. He was also not included
MUMBAI: Chief Minister Devendra Fadnavis on Friday said Maharashtra will be a trillion dollar economy by 2028-30 and play a key role in Indias growth story under Prime Minister Narendra Modi. He said Mumbai will play a major role in the growth of Maharashtra and the financial capital of India will become the countrys fintech capital in the coming years. Maharashtra will be the first one trillion dollar economy of the country. In the last fiscal, we targeted and crossed the half trillion dollar b