Category: Economy

The ‘Make in India’ initiative has completed 10 years of transformative impact. PM Modi’s vision has ignited a revival in manufacturing and spurred job creation. On September 25, the country observed 10 years of Prime Minister Narendra Modi’s game-changing ‘Make in India’ initiative that is transforming India’s industrial landscape by encouraging job-creating investments and giving […]

Transforming India into a Global Manufacturing Powerhouse Introduction Launched on September 25, 2014, by Prime Minister Narendra Modi, the “Make in India” initiative is completing 10 years as a pivotal step in India’s nation-building efforts. On the occasion, Prime Minister, Shri Narendra Modi expressed in his blog that “Today is an occasion to salute each […]

This Diwali, consumers may face higher costs for gift hampers as prices of dry fruits and chocolates have surged. An ET study reveals a 14% average increase in prices due to lower supply and rising cocoa costs. Industry executives fear this inflation could dampen consumer demand during the festive season. It’s the ‘festival of lights’ […]

The Ministry attributed decline in pulses, coarse cereals, soybean and cotton production to drought-like conditions in Southern States, like Maharashtra and prolonged dry spell during August. India’s foodgrain production reached a record 332.22 million tons in the 2023-24 crop year ended June, driven by bumper wheat and rice output, the Agriculture Ministry said on Wednesday. […]

India’s private sector economy hit a nine-month low in September due to slower manufacturing and services activity, despite a rise in employment and improved business confidence. The headline flash composite PMI fell to 59.3 from 60.7 in August, with both sectors showing similar trends. Slower manufacturing and services business activity in September pulled down India’s […]

China’s Central Bank slashed the interest rate on its one-year policy loans by the most on record, beginning a sweeping program aimed at reviving confidence in the world’s second-largest economy, according to a report by Bloomberg. The People’s Bank of China cut the rate of the medium-term lending facility to 2% from 2.3%, according to […]

India marked 10 years of Prime Minister Narendra Modi’s ‘Make in India’ initiative, which has revitalized the industrial sector, attracted investments, and created jobs. Key reforms like GST and the Bankruptcy Code have improved ease of doing business. The initiative has also led to significant infrastructure development and increased global competitiveness. On September 25, the […]

China’s industrial output and retail sales faltered in August as the economy lost momentum, adding to expectations. Beijing will step up stimulus efforts in the final months of the year. Industrial output rose 4.5% year on year, down from 5.1% in July and missing the average forecast of analysts polled by Bloomberg of 4.7%. Retail sales rose […]

The Finance Ministry on Thursday modified the compounding rules for offences under the Foreign Exchange Management Act (FEMA) by raising the monetary limits for adjudications by RBI officials and allowing online payments. As per the Foreign Exchange (Compounding Proceedings) Rules, 2024, the fees for filing compounding application have been doubled to Rs 10,000 plus GST, […]

Union Commerce Minister, Piyush Goyal praised Bihar as a ‘hidden gem’ with untapped potential, highlighting the State’s transformation under Chief Minister, Nitish Kumar. Speaking at a CII event, Goyal urged investors to explore opportunities in Bihar, citing improvements in law and order and transparency. He also discussed efforts to boost exports to USD 2 trillion […]