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The Red Sea conflict: Agri, textile exporters hold back shipments

Fri, 01/05/2024 - 09:42
The cost of freight and insurance has risen due to ships being compelled to avoid the region and take a longer route around the Cape of Good Hope

PFRDA seeks tax parity for NPS contributions with PF contributions

Fri, 01/05/2024 - 09:28
The aspiration is to take it to 14 per cent over the period to encourage wider acceptance of pension, said Deepak Mohanty

Govt says pulses area marginally less so far on late kharif harvest

Fri, 01/05/2024 - 09:24
Wheat sowing almost ends with acreage of 33.17 million hectares in 2023-24

Farm sector growth may drop to 4-year low of 1.8% in FY24 due to El Nino

Fri, 01/05/2024 - 09:18
However, some experts said the GVA numbers could stand to be revised as the initial estimates are based on extrapolation of figures for five-six months and a final picture will emerge only around Feb

Gold prices slip after pressure from stronger US dollar, treasury yields

Fri, 01/05/2024 - 09:16
Spot gold was down 0.2 per cent to $2,038.49 per ounce as of 1223 GMT. U.S. gold futures fell 0.2 per cent to $2,045.40

Indian medtech industry urges govt action to reduce import dependency

Fri, 01/05/2024 - 09:08
According to the Global Trade Research Initiative (GTRI) report from August 2023, the Indian medical devices industry has the potential to expand from $12 billion today to $50 billion by 2030

USOF may be enlarged and used to boost telecom equipment manufacturing

Fri, 01/05/2024 - 08:16
Live since October 2022, the TTDF aims to fund R&D in rural-specific communications technology applications and develop the telecom ecosystem

Farmers in Madhya Pradesh growing millet to receive cash incentive

Fri, 01/05/2024 - 07:53
According to the recently announced Rani Durgavati Shri Anna (Millets) Promotion Scheme, the incentive would be deposited directly into the farmers' bank accounts

India's GDP growth pegged at 7.3% for FY24: Govt's first advance estimates

Fri, 01/05/2024 - 07:32
According to a statement, the growth in real GDP during 2023-24 is estimated at 7.3 per cent compared to 7.2 per cent in 2022-23

Govt has taken slew of initiatives for infrastructure development: Official

Fri, 01/05/2024 - 07:26
The government has taken a slew of initiatives for infrastructure development as it has a strong multiplier effect and plays pivotal role in the country's development, Financial Services Additional Secretary M P Tangirala said on Friday. Speaking at the 19th Foundation Day of the India Infrastructure Finance Company Ltd (IIFCL), he said infrastructure sector has strong backward and forward linkages. To support the sector, he said the government has taken slew of initiatives, including the USD 1.3 trillion-PM Gati Shakti National Master Plan (NMP) that has been front runner in bringing about systemic and effective reforms in this sector. Launched in 2021, the PM Gati Shakti targets to cut logistic costs, increase cargo handling capacity and reduce the turnaround time. Another initiative is the National Infrastructure Pipeline (NIP) that was started with 6,800 projects and now, there are over 9,000 projects across 34 sub-sectors, he said. NIP was launched with 6,835 projects and h

India's services PMI touches a three-month high at 59 in December

Fri, 01/05/2024 - 07:08
Owing to lower readings in October and November, however, the latest quarterly average was the lowest since the fourth quarter of the financial year 2022-2023

India's forex reserves jump $2.75 bn to $623.2 bn, shows RBI data

Fri, 01/05/2024 - 07:00
In the previous reporting week, the overall reserves had increased by $4.471 billion to $620.441 billion

Govt's divestment target in FY 2024-25 could be its lowest in nine years

Fri, 01/05/2024 - 06:54
Modi's government has met its privatisation and divestment target only twice in the last decade, even though his government's track record outstrips that of any previous administration

DefMin providing security escort for container ships around Red Sea

Fri, 01/05/2024 - 06:41
Tankers have been avoiding the Red Sea after the Houthi militant group stepped up maritime attacks against commercial vessels

Merchant vessel with 15 Indian crew hijacked near Somalian coast: Navy

Fri, 01/05/2024 - 06:27
India sends a stealth guided-missile destroyer and patrol aircraft to monitor ship

UN report revises India's GDP projection downward to 6.2% for 2024

Fri, 01/05/2024 - 05:44
Despite revising the growth estimates for 2024 downward by 0.5 percentage points, the report projects a rebound in 2025, with a GDP growth projection of 6.6 per cent

EAM Jaishankar envisions Nepal as partner in India's development journey

Fri, 01/05/2024 - 02:57
Earlier today, Jaishankar offered prayers at Pashupatinath Temple in Nepal. He stated that he prayed for the well-being of people of Nepal and India and the ties between the two nations

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