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Economy / The New Indian Express

Biotech shaping future economy, public health: Union Minister Jitendra Singh

BENGALURU: Union Minister of State for Science and Technology and Earth Sciences Jitendra Singh on Thursday emphasised the role of biotechnology in shaping Indias future economy and public health. Dr Singh, who inspected the Biotechnology Research and Innovation Council -- Institute for Stem Cell Science and Regenerative Medicine (BRIC-inStem), a research institute under the Department of Biotechnology, Ministry of Science and Technology, described the sectors contribution as pivotal for nation-

25 Apr 2025 8:46 am
Enforcement Directorate summons Telugu actor Mahesh Babu in Rs 5.9 crore real estate scam case

HYDERABAD: The Enforcement Directorate (ED) has summoned prominent Tollywood actor Mahesh Babu to appear before them April 27 in connection with the Sai Surya Developers and Surana Group money laundering case. The companies are allegedly involved in money laundering. ED sources said that the actor, who is a brand ambassador for the real estate project, reportedly received 5.9 crore for endorsing it. The ED alleges that the money collected from customers by the companies was obtained through frau

22 Apr 2025 9:06 am
'World of creators and their economy is going through a fundamental change': Ashwini Vaishnaw

NEW DELHI: With the advent of technology, world of creators and their economy is going through a fundamental change, Union Minister for Information and Broadcasting Ashwini Vaishnaw said on Saturday. The old model is giving way to the new model, he said. He also said that gone are the days when a big studio was needed for creating content, and today, a creator from a remote village in Jharkhand or Kerala can create good-quality content and get millions of views. The minister was interacting with

19 Apr 2025 10:31 pm
Revival of Gokulams boosts rural economy in AP's Chittoor district

CHITTOOR: Chittoor district, a leader in dairy production in Andhra Pradesh, is witnessing a major push in rural economic development through the revival and expansion of Gokulams (cattle shelters) under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). The initiative, which provides structured housing for livestock, is improving animal welfare and boosting milk productivity across the region. Officials report that Chittoor collects 18 to 20 lakh litres of milk daily, with

19 Apr 2025 8:49 am
ED officials raid real estate firms Surana Group, Sai Surya in Telangana

HYDERABAD: The Enforcement Directorate (ED) on Wednesday conducted searches at the offices and residences of the managing directors and staff of Surana Group and Sai Surya Developers across Jubilee Hills, Secunderabad and Bowenpally. The searches are part of an ongoing investigation into alleged money laundering activities. According to ED officials, 10 teams were involved in the searches. The two companies, which had entered into a joint venture for a real estate project, are under scrutiny for

17 Apr 2025 10:21 am
US tariff move going to devastate our economy, says Rahul Gandhi

NEW DELHI: As the US hits India with 27% tariff , Leader of Opposition in Lok Sabha Rahul Gandhi on Thursday questioned the Union governments foreign policy and sought to know the impact of the revised US tariffs on Indian exports and Chinese occupation of Indian territory. Speaking during the Zero Hour in the Lok Sabha, the LoP lashed out at the Centre saying the reciprocal tariffs slapped by the US would completely devastate the Indian economy, and demanded answers from the government over the

4 Apr 2025 8:00 am
Himachal Pradesh CM presents Rs 58,514 crore budget with focus on strengthening agrarian economy

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

17 Mar 2025 5:33 pm
Minister Ashwini Vaishnaw announces dedicated fund to boost creator economy

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

13 Mar 2025 11:44 pm
Omar presents survey report in J&K House, says economy may grow at 7%

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

7 Mar 2025 7:34 am
PM Modi calls for boosting year-round tourism in Uttarakhand, says it will boost economy

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

6 Mar 2025 3:04 pm
Circular economy can create $2 tn market, 10 mn jobs by 2050: Yadav

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

5 Mar 2025 7:55 am
Chhattisgarh budget aims to add GATI in economy

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

4 Mar 2025 7:35 am
India proposes global platform to accelerate circular economy adoption

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

3 Mar 2025 7:37 pm
Bihar economy logs 3.5 times growth in over 10 yrs: Dy CM

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

1 Mar 2025 7:58 am
Assams economy has doubled in six years: PM Modi

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

25 Feb 2025 4:57 pm
Uttarakhands economy grows 21 times in 23 years, outpacing Jharkhand, Chhattisgarh

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

22 Feb 2025 3:12 pm
Rajasthan govt committed to make state USD 350 billion economy: Finance Minister Diya Kumari

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

19 Feb 2025 12:37 pm
GDP growth witnessing speedy rebound, India to remain fastest growing economy: Nirmala Sitharaman

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

11 Feb 2025 7:46 pm
Congress says economy in 'slowdown', warns of 'no jobs, raging inflation, stagnating wages': P Chidambaram

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

30 Jan 2025 9:29 pm
Uttar Pradesh government's claim on economy unrealistic, BJP can only say a trillion lies: Akhilesh Yadav

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

25 Jan 2025 12:02 pm
Mahakumbh expected to boost economy by Rs 2-4 lakh crore

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

14 Jan 2025 7:19 pm
Manmohan Singhs New Economic Policy 1991 helps unshackle Indias economy

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

27 Dec 2024 11:54 am
Country's economy 'over-regulated': Former PM Manmohan Singh to PTI in one of the last interviews

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

27 Dec 2024 9:36 am
Manmohan Singh: The man who championed the market-driven economy

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

26 Dec 2024 11:29 pm