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Indore: RSS chief Mohan Bhagwat on Sunday said India is moving forward on the path of development by proving everyone's predictions wrong as it is driven by faith in the traditional philosophy of knowledge, action, and devotion. Bhagwat's comments came at a time when the Indian economy recorded a better-than-expected growth rate of 7.80 per cent in the April-June quarter of the current fiscal, the highest in the last five quarters before the imposition of tariffs by the US. Addressing a gather ...Read More >
Imphal: Made-in-India weapons played a significant role in protecting the nation during Operation Sindoor, Prime Minister Narendra Modi said during a visit to Mizoram on Saturday. He said the country is also witnessing a strong growth in exports of locally-manufactured products. The PM laid the foundation stone and inaugurated development projects worth over Rs 9,000 crore in the state capital Aizawl. These projects will cater to multiple sectors including railways, roadways, energy and sports. ...Read More >
Mumbai (Maharashtra) [India], September 13 (ANI): Congress MP Shashi Tharoor on Saturday highlighted the importance of tourism for India's economy, and said it provides jobs and increases government revenue. Tharoor called for improved infrastructure, enhanced safety for women tourists, and the development of more mid-range hotels. Speaking to the reporters at Skal India National Congress 2025, Shashi Tharoor said, "We have a lot of things to do. Tourism is very important. This gives employmen ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) India's retail inflation is projected to settle at 3.1 per cent in FY26, driven by falling food prices and the effects of recent GST rate reductions, a report has projected. The Indian economy may see episodes of disinflation in the coming days as government support through lower indirect tax rates is likely to be passed on to customers, according to the report from Bank of Baroda (BoB). CPI inflation increased to 2.07 per cent in August, up from 1.61 per cen ...Read More >
New Delhi [India], September 13 (ANI): India's real estate sector has attracted nearly USD 80 billion in institutional investments over the past 15 years since 2010, highlighting the sector's evolution into a preferred asset class for both global and domestic investors, according to a joint report by Colliers-CREDAI. Foreign capital continues to dominate, contributing 57 per cent of total inflows, during these years, the report said. Also Read | 'Nishaanchi': Salman Khan Sends His 'Best Wishes ...Read More >
New Delhi [India], September 13 (ANI): India's real estate sector has attracted nearly USD 80 billion in institutional investments over the past 15 years since 2010, highlighting the sector's evolution into a preferred asset class for both global and domestic investors, according to a joint report by Colliers-CREDAI. Foreign capital continues to dominate, contributing 57 per cent of total inflows, during these years, the report said. Interestingly, domestic capital has been emerging as a key d ...Read More >
Aizawl, Sep 13 (SocialNews.XYZ) Prime Minister Narendra Modi said on Saturday that the government is consistently taking steps to boost Ease of Living and Ease of Doing Business. "The next-generation GST reforms have recently been introduced and it means lower taxes on many products, making life easier for families," he said. Inaugurating the ambitious 51.38-km Bairabi-Sairang railway project in Mizoram, flagging off three new trains connecting Aizawl with Delhi, Kolkata and Guwahati and layin ...Read More >
Aizawl: The Northeast had earlier suffered heavily due to "vote bank" politics, but due to the efforts of the BJP-led government at the Centre over the last 11 years, the "region has now become the country's growth engine," Prime Minister Narendra Modi said on Saturday while laying the foundation stones of multiple development projects worth over ₹9,000 crore in Mizoram. Modi, whose first scheduled destination in Mizoram was Aizawl's Sipai Lammual, could not reach due to bad weather and address ...Read More >
New Delhi: Home prices in India are rising faster than expected, driven by strong demand from affluent buyers, while a shortage of affordable housing is keeping many urban residents confined to expensive rental options, according to a recent Reuters survey of property experts. The concentration of well-paying jobs in a few major cities, combined with stagnating wages, has put home ownership out of reach for millions moving to urban areas for work. This trend is forcing most first-time buyers to ...Read More >
Aizawl, Sep 13: Prime Minister Narendra Modi on Saturday said that the Northeast had earlier suffered heavily due to 'vote bank' politics, but with efforts of the BJP-led government at the Centre for the last 11 years, the region has now become the country's growth engine. Modi, while launching projects worth Rs 9,000 crore in Mizoram, addressed a public rally virtually from Lengpui Airport near Aizawl as he could not reach the venue, Lammual Ground in the heart of the city, due to heavy rain. ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) RSS chief Mohan Bhagwat's statement on Friday that tariffs on Indian goods have been imposed out of fear of a stronger India was not in isolation. SBI Capital Markets, in its report "Tariffs are Made in the USA, but Resilience is Made in India," described the aggressive US tariff regime as a "key flashpoint" designed to pressure India's external sector. The report had viewed the approach as targeted at curbing India's broader economic momentum. However, rece ...Read More >
Congress leader Shashi Tharoor criticized US tariffs on Indian exports, saying 1.35 lakh jobs have been lost in gems, jewelry, seafood, and manufacturing sectors. He called President Trump "mercurial" and unfair for imposing additional penalties on Russian oil imports. Tharoor urged India to diversify export markets, strengthen ties with Europe, China, and Russia, and not rely solely on the US. Senior Congress leader Shashi Tharoor on Friday said the tariffs imposed by the US has impacted India ...Read More >
Piyush Goyal urges industry to pass on GST reduction benefits to consumers, anticipating boosted demand, exports, and economic growth. GST reforms, effective September 22, are expected to lower input costs for MSMEs and exporters, reducing inflationary pressures. India is also diversifying export markets amid US tariffs, exploring opportunities with countries like UAE and Singapore. Commerce and industry minister Piyush Goyal said he has asked industry to pass on the benefits of lower goods and ...Read More >
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as t ...Read More >
NIRF India Rankings 2025: This year's top 6agricultural universities remain the same NIRF Rankings 2025: The Ministry of Education released the NIRF 2025 rankings on September 4, helping students in choosing the best colleges and universities for a career in the agriculture domain. Agriculture contributes over 15 per cent to India's GDP and remains a crucial pillar for developing nations like India. For students pursuing agriculture and allied sectors, it is important to know which institutes e ...Read More >
NEW DELHI: The mounting weight of US and European Union sanctions has begun to badly hit the Indian economy, with the country's vital energy sector now reeling under Western pressure. What started as Washington's punitive action against Russian-linked businesses has now been reinforced by Brussels, dealing a severe blow to India's oil imports and economic stability. Nayara Energy, a key Indian private refiner with Russian investment ties, has been thrust into the firing line. Following the EU' ...Read More >
New Delhi: The Indian government's decision to allow duty-free cotton imports, mainly from the United States, is expected to provide some relief to the country's apparel exporters, who face a 50% duty in the US. Industry leaders believe the move will help manufacturers by raising the share of US-origin inputs in finished garments, partially shielding them under America's reciprocal tariff rules. Under the new tariff structure, duties are applied only to the portion of a product that does not us ...Read More >
New Delhi [India], September 2 (ANI): Prime Minister Narendra Modi on Tuesday innagurated the fourth edition of the 'Semicon India' in the national conference and delivered a strong message that the world trust India and is ready to build the semiconductor future with India. PM Modi, Noting the presence of dignitaries at the conference, including experts and representation of more than 40-50 countries as well as India's youth power PM Modi said, "Today am here with the confidence that the world ...Read More >
New Delhi, Sep 1 (SocialNews.XYZ) India and the United Arab Emirates (UAE) have agreed to strengthen their Comprehensive Economic Partnership Agreement with a target of $100 billion for non-oil bilateral trade amid changing dynamics in world trade triggered by the sharp hike in US tariffs announced by US President Donald Trump. The issue was discussed at a meeting held by Union Minister of Commerce & Industry Piyush Goyal, with the UAE's Minister of Foreign Trade, Thani bin Ahmed Al Zeyoudi, la ...Read More >
New Delhi, Aug 29 (PTI) Chief Economic Advisor V Anantha Nageswaran on Friday exuded confidence that Indian economy will grow at a rate between 6.3 and 6.8 per cent in the current fiscal on strong domestic demand, even though there would be some downside risks to the projections due to steep 50 per cent US tariffs. Briefing reporters after the announcement of first quarter GDP numbers which came in at 7.8 per cent, he said that high tariffs are expected to be "short-lived" as both the countries ...Read More >
New Delhi: Chief Economic Advisor V Anantha Nageswaran Friday exuded confidence that Indian economy will grow at a rate between 6.3 and 6.8 per cent in the current fiscal on strong domestic demand, even though there would be some downside risks to the projections due to steep 50 per cent US tariffs. Briefing reporters after the announcement of first quarter GDP numbers which came in at 7.8 per cent, he said that high tariffs are expected to be "short-lived" as both the countries are in talks fo ...Read More >
NEW DELHI: On the 11-year completion of the Pradhan Mantri Jan Dhan Yojana (PMJDY), Uttarakhand chief ministerPushkar Singh Dhami on Wednesday emphasised how India's economy has progressed over the years and how crores of citizens have been connected to the financial system.CM Dhami on X said, "The visionary foresight and resolve of the Honorable Prime Minister Narendra Modi ji laid the foundation for a transformation 11 years ago, which gave a new direction to India's economic progress. The Pra ...Read More >
WASHINGTON/NEW DELHI, Aug 27 (Reuters) - U.S. President Donald Trump's doubling of tariffs on imports from India to as much as 50% took effect as scheduled on Wednesday, delivering a serious blow to ties between two powerful democracies that had in recent decades become strategic partners. A punitive 25% tariff, imposed due to India's purchases of Russian oil, was added to Trump's prior 25% tariff on many imports from the South Asian nation. It takes total duties as high as 50% for goods as var ...Read More >
Chennai, Aug 28 (SocialNews.XYZ) Tamil Nadu has once again emerged as the country's leader in industrial employment, with Chief Minister M.K. Stalin attributing the achievement to the policies of the Dravidian model government. Citing the Union government's Annual Survey of Industries 2023-24, CM Stalin said the recognition from New Delhi is itself the strongest rebuttal to critics, who have been "targeting" the state government on the industrial and economic fronts. In a post on 'X', the Chie ...Read More >
Srinagar, Aug 28: According to the August 2025 edition of EY Economy Watch, the Indian economy is projected to grow significantly, reaching $20.7 trillion by 2030 and potentially $34.2 trillion by 2038. This optimistic outlook is driven by strong economic fundamentals, favourable demographics, and ongoing structural reforms. India currently holds the position of the fourth-largest economy in the world by nominal GDP, with an estimated size of $4.19 trillion. With a median age of just 28.8 years ...Read More >
Maruti Suzuki India (MSIL) Chairman R C Bhargava on Thursday said India must "not give in to any kind of bullying" after US President Donald Trump's decision to raise tariffs on Indian imports to 50 per cent this month, urging national unity to uphold dignity and support the government. On the domestic front, he said a reduction in GST on small cars could help counter the economic strain created by these tariff measures. "My hope and my expectation is that subject to approvals by the GST Counc ...Read More >
RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" to create an investment cycle, as the country navigates a choppy global economic environment. In his inaugural address at the annual banking conference 'FIBAC 2025', the Governor said RBI is examining measures to expand bank credit including the sunrise sectors. "I woul ...Read More >
Aug 25 (Reuters) - Credit-rating firm Fitch maintained India's sovereign rating at 'BBB-' on Monday, citing levels of fiscal deficits and debt that are still high, crushing the government's hopes for a lift in ratings by all three major providers. This month, S&P upgraded India to 'BBB', its first such upgrade in 18 years, prompting the government to respond that it expected other rating houses to follow suit. Fitch has rated India at 'BBB-' since 2006, while Moody's has retained its 'Baa3' ra ...Read More >
New Delhi: India's private sector activity expanded at the fastest pace on record in August, as the headline HSBC Flash India composite purchasing managers' index (PMI) output index witnessed a significant jump over four points to 65.2 in the month. A historic surge in demand was led by the dominant services sector, which allowed firms to hike prices at the fastest clip in over 12 years, a private survey showed on Thursday. As per the survey, HSBC's flash India Composite PMI, compiled by S&P Gl ...Read More >
New Delhi, Aug 21 (SocialNews.XYZ) As the Centre prepares to revamp GST rates, the Federation of Hotel & Restaurant Associations of India (FHRAI) has urged Finance Minister Nirmala Sitharaman to implement a uniform 5 per cent GST rate with input tax credit to make tourism affordable. The FHRAI argued that India's GST rates are higher than Asian peers like Thailand and Singapore, where rates are as low as 6 to 10 per cent. India's higher GST structure reduces affordability and weakens its appeal ...Read More >
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