Union Minister Harsh Malhotra handed over appointment letters to 258 candidates during Rozgar Mela here on Saturday. This fair is part of PM Narendra Modi's nationwide initiative, where similar events across 47 locations benefited over 51,000 youths. Speaking on the occasion, Malhotra, the Union Minister of State for Corporate Affairs, Road Transport and Highways, said the central government led by Prime Minister Narendra Modi provided 1.5 times more jobs to youths than the previous UPA government. "Prime Minister Modi has distributed more than 51,000 appointment letters to newly appointed youth in various government departments and organisations through video conferencing," Malhotra said. Malhotra participated in the Rozgar Mela' organised at the Institute of Minerals and Materials Technology (IIMT). The Rozgar Mela, which started in 2012, today marks its 15th edition. "So far, more than 10 lakh youths have been provided employment through the job fairs," he added.

India and the US have a continuous dialogue and communication on the bilateral trade deal and the first tranche is set to roll out by fall this year, Minister of State for the Ministry of Commerce & Industry and the Ministry of Electronics & Information Technology Jitin Prasada said. Prasada made these remarks while addressing members of the Indian-American community at an interactive session organised by the Consulate General of India in New York on Friday. India and the US share a great relationship, and there is continuous dialogue and communication between both countries. The last dialogue that Prime Minister (Narendra) Modi and President (Donald) Trump had, the formalities and modalities of the bilateral trade agreement have been worked out, and by September, this fall, you will see the first tranche of our programme and policies, Prasada said. At the beginning of the event, a moment of silence was observed to pay respects to the victims of the Pahalgam terror attack in ..

This was marginally short of revised target; highest-ever refunds issued

The provisional net direct tax collection for the 2024-25 financial year has met the set target, growing 13.57 per cent to over Rs 22.26 lakh crore with the income tax department issuing the highest-ever amount of refunds ever delivered, official data showed Friday. The government set a target of Rs 22,07,000 crore for the direct tax administration as per the budget receipt of July 2024 and revised it to Rs 22,37,000 crore during the budget presented this February. Direct taxes include revenue collected by the Union government under the corporate taxes and non-corporate taxes category (earlier personal income tax). The non-corporate taxes category includes taxes paid by individuals, firms, Hindu Undivided Families (HUFs), local authorities, artificial juridical persons etc. According to official data, the provisional gross (before adjusting for refunds) direct tax collection for the 2024-25 fiscal that ended March 31 stood at Rs 27.02 lakh crore, a growth of 15.59 per cent, when ...

Pharmaceutical products have long been spared from trade wars due to the potential harms, but he has repeatedly threatened a 25 per cent tariff on pharmaceutical imports

The minister further said that India is seeking greater market access for its steel sector through the free trade agreement (FTA) negotiations that India is engaged with

Using the $3.65 per day poverty line for lower- and middle-income countries (LMIC), poverty fell from 61.8 per cent to 28.1 per cent, lifting 378 million people out of poverty in India

India's forex reserves jumped USD 8.31 billion to USD 686.145 billion for the week ended April 18, the RBI said on Friday. This is the seventh consecutive week of a rise in the kitty, which had jumped by USD 1.567 billion to USD 677.835 billion in the previous reporting week ended April 11. The forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024. For the week ended April 18, foreign currency assets, a major component of the reserves, increased by USD 3.516 billion to USD 578.495 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 4.575 billion to USD 84.572 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 212 million to USD 18.568 billion, the apex bank said. India's reserve position with the IM

US reciprocal tariffs may cause friction in the short term for the maritime sector but over the long term, India's fundamentals remain strong, says Synergy Marine Group CEO. US President Donald Trump on April 2 imposed reciprocal tariffs on around 60 countries, including India, disrupting global trade. The US later suspended reciprocal tariffs until July 9 but has imposed base import tariffs of 10 per cent on all countries. On the likely impact of US reciprocal tariffs and trade uncertainty on the Indian shipping industry, Synergy Marine Group CEO Jesper Kristensen said, In the short term, they (tariff actions) may cause friction. Over the long term, India's fundamentals remain strong. The country's expanding port capacity, growing export base, and skilled workforce make it a resilient and adaptive player in global shipping, Kristensen added. Synergy Marine Group is a global ship management company. When asked about the impact of trade uncertainty on jobs in the shipping sector, .

The fear of deflection of Chinese exports to third markets is giving a major scare to the policymakers in developing nations

Indian economy could grow at 6.5 per cent in the current fiscal as lower prices of crude oil are expected to ease inflationary pressure and support domestic growth, despite intensifying global trade tensions, EY said on Friday. The 'EY Economy Watch' report for April identifies four key interlinked effects which would have a bearing on India's growth reduced exports, global slowdown, falling crude oil prices, and the impact of global excess production capacities. "With suitable fiscal and monetary policies, India may be able to sustain a real GDP growth at about 6.5 per cent in FY26 as also in the medium term, while maintaining a CPI inflation below 4 per cent. "We also expect global crude prices to remain in the range of USD 60-65/bbl in FY26, which may be to India's advantage," EY India Chief Policy Advisor D K Srivastava said. It said exports may slow due to higher tariffs and weakening global demand, but the overall GDP impact may be limited, given the subdued role of net expo

Economists say beneath the headline growth numbers is an economy not generating enough well-paying jobs for millions of young people entering the labour market every year

SACU nations include South Africa, Namibia, Botswana, Lesotho and Eswatini and is the world's oldest customs union, over a century old

The IMF on Tuesday pared down its FY26 growth forecast for India by 30 basis points to 6.2 per cent, citing escalating trade tensions and global uncertainty in its latest World Economic Outlook

The US growth is going to slow quite sharply, close to recession, says Robert Subbaraman

President Trump told reporters at the White House during the signing of executive orders that India is going to reduce its high tariffs as part of bilateral trade agreement under negotiation

Policy expected to provide Rs 10 crore as capital subsidy to investors: Official

India is on the brink of becoming the first nation to clinch a trade pact with the US, potentially dodging Trump's steep 26 per cent tariff and deepening economic ties

Tamil Nadu has achieved a "historic high" of USD 14.65 billion in electronics exports for the financial year 202425, up by 53 per cent over the same period of the previous financial year, Industries Minister T R B Rajaa said on Wednesday. The USD 14.65 billion accounts for 41.23 per cent of India's total electronics exports, he said. In the previous financial year (FY 202324), Tamil Nadu recorded USD 9.56 billion in electronics expost, Rajaa said in a social media post. Karnataka came second with total electronics exports of USD 7.85 billion, about 22.09 per cent of India's overall electronics exports. "That's Tamil Nadu, under the Dravidian Model of governance of our Chief Minister, M K Stalin. This is just the beginning. USD 100 billion in electronics exports, here we come," he said. Uttar Pradesh secured the third rank with USD 5.26 billion in electronics exports, followed by Maharashtra with USD 3.51 billion, Gujarat with USD 1.85 billion, Telangana with USD 641.56 million, a

This comes after the state posted a 78 per cent increase in exports last year, from $5.37 billion in 2022-23