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Latest Articles in Economy
Infrastructure Finance NBFCs Well Poised For Growth; Industry Outlook Revised To Positive: ICRA
Non-banking financial companies – infrastructure finance companies (NBFC-IFCs) grew in line with the system and maintained their market share at around 54 per cent as on 31 December 2022
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PLI Schemes Have Potential For Creating 60 Lakh New Jobs In 5 years: Govt
Investments in Infrastructure and productive capacity have a large multiplier impact on growth and employment, says MoS Teli
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Nine States May Outperform National Net GDP Growth Rate Of 10.5%: Report
According to statistics from the Ministry of Statistics and Programme Implementation (MoSPI), Uttar Pradesh, led by CM Yogi Adityanath, is expected to be the top performer
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Defence Ministry Inks Rs 3,700 Cr Contracts With BEL To Increase Operational Capabilities Of IAF
The first contract, worth over Rs 2,800 crore, pertains to the supply of Medium Power Radars (MPR) 'Arudhra' for the Indian Air Force and the second contract, at an overall cost of approx Rs 950 crore, relates to 129 DR-118 Radar Warning Receivers (RWR)
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Meghalaya CM Conrad Sangma Presents Annual Budget, Allocates 15% To Climate Action, Sustainability
A Climate Action Budget has been presented for the first time this year. The overall allocation towards climate action for 2023-24 is Rs 3,412 crore, which corresponds to about 15 per cent of the State’s budget
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UK-India Annual Bilateral Maritime Exercise Konkan Exhibited Op-Readiness, Interoperability & Joint Operations
The joint drill by the two navies demonstrated operational readiness, enhancing interoperability and improving the ability to conduct joint operations, the exercise will also go a long way in bolstering the combined efforts of the Indian Navy and Royal Navy to strengthen maritime security and uphold a rules-based order in the region, according to the release
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Indian Army, Air Force Conduct Joint Drills Vayu Prahar Along LAC In Eastern Command
In the second week of March 2023, the Indian Army and the Air force jointly conducted a Multi Domain Air-Land Exercise Vayu Prahar in the Eastern Theatre to validate joint plans to prosecute synergised multiple domain operations, according to the sources
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Rs 1 Lakh Bn In Cess, Surcharge May Go Unutilised In FY23
Surcharges and cesses are collected for particular purposes and the proceeds are transferred to reserve funds established for those purposes
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Icra Lowers Its Forecast For Domestic Steel Consumption To 7-8%
Capital spending is budgeted at Rs 10 lakh crore in 2023-24, accounting for 3.3 per cent of the GDP
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India’s Ecommerce Market To Grow From $83 Bn To $150 Bn By 2026: Report
Findings from the 2023 report show that in 2022, there were almost 70 real-time payment schemes providing high-speed payment rails that drove A2A payments to account for USD 525 billion in global e-commerce transaction value, up 13 per cent from USD 463 billion in 2021
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India’s E-commerce Market To Grow From $83 Bn To $150 Bn In 2026: Report
Findings from the 2023 report show that in 2022, there were almost 70 real-time payment schemes providing high-speed payment rails that drove A2A payments to account for USD 525 billion in global e-commerce transaction value, up 13 per cent from USD 463 billion in 2021
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Edtech Unicorn Physics Wallah In Talks To Raise $250 M For $3.3 B Valuation: Report
According to media reports revealed that Physics Wallah is currently in talks with several private equity (PE) investors. The company’s current investors, GSV Ventures and WestBridge Capital, are also expected to increase their investment in the company
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Govt Allows Import Of Urea Through India Potash Till March 2024
Kharif crops are typically sowed during June-July and harvested in October-November and are largely dependent on rainfall
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Parliamentary Committee On Defence Questions IAF's Fighter Aircraft Delay
The Parliamentary Standing Committee on Defence has stated that the government should not postpone the procurement of additional fighter jets due to the incessant delays in the procurement of fighter jets
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India's Defence Exports Cross $1.5 Bn, A Boost As In Indigenous Items Demand
Earlier on 13, March, the Minister of State for Defence also underlined the government’s focus on the indigenisation of various defence items to achieve self-reliance in the country, ‘Aatmanirbharta’
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