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Union Home Minister Amit Shah on Monday said the USD 5 billion Great Nicobar Island Development Project will significantly boost India's maritime trade, multiplying its global share in the sector. Speaking at the inauguration of India Maritime Week 2025, Shah said India's democratic stability, naval strength, and strategic position between the Indo-Pacific and the Global South make it a rising maritime power. Union Home Minister Amit Shah on Monday said the USD 5 billion Great Nicobar Island De ...Read More >
Loan-against-property lender Optimo Capital has raised $17.5 million in a new round of funding led by the startup's founder Prashant Pitti with participation from existing investors Blume Ventures and impact venture capital firm Omnivore. Alongside the equity raise, the non-banking financial services startup has also raised just under $12.5 million in debt from IDFC Bank and Axis Bank. With the new round, Optimo's total equity fundraising stands at $27.5 million. The Blume-backed company targ ...Read More >
Mumbai (Maharashtra) [India], October 27 (ANI): Union Home Minister and Minister of Cooperation Amit Shah inaugurated the 'India Maritime Week - 2025' in Mumbai, Maharashtra, on Monday. On this occasion, Maharashtra Chief Minister Devendra Fadnavis, Gujarat Chief Minister Bhupendra Patel, Goa Chief Minister Pramod Sawant, Odisha Chief Minister Mohan Charan Majhi, Maharashtra Deputy Chief Ministers Eknath Shinde and Ajit Pawar, and Union Minister for Ports, Shipping, and Waterways Sarbananda Son ...Read More >
NEW DELHI, Oct 27 (UNI) In its latest monthly economic review for September, the Finance Ministry maintained a strong growth outlook for FY26 amid uncertain global conditions. It said the growth will be supported by a positive demand outlook due to GST reforms, favourable monsoons, lower inflation, and monetary easing. However, the report cautioned that global uncertainties will continue to affect external demand, presenting downside risks to the growth outlook. The review by the Department o ...Read More >
Chennai: Combined revenue deficit of 15 state governments in FY26 might exceed the Budget estimate of Rs 1.6 lakh crore by Rs 70,000 crore and touch Rs 2.3 lakh crore. The fiscal deficit too is likely to move up to Rs. 10.5 lakh crore or 3.3 per cent of GSDP in FY26 from the Budget estimate of Rs 10.3 lakh crore, finds ICRA. The states, including Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Utta ...Read More >
New Delhi: Goods and Services Tax (GST) cuts are set to bolster domestic demand by easing the tax burden on consumers and businesses, spurring consumption and investment across sectors, and supporting job creation, the finance ministry said in its monthly economic review for September, released on Monday. A strong performance in industry and services, along with a stable labour market, is expected to reinforce this momentum, the ministry noted. However, it cautioned that persistent global uncer ...Read More >
Mumbai (Maharashtra) [India], October 27 (ANI): The maritime sector stands as one of the strongest pillars of Viksit Bharat, Sarbananda Sonowal, Union Minister of Ports, Shipping & Waterways, said while addressing the India Maritime Week 2025 inauguration event here on Monday. He added that under the leadership of Prime Minister Narendra Modi, India is setting new benchmarks in the maritime domain. "We have come a long way since the earlier editions of this event. It has grown significantly, wi ...Read More >
Additionally, market participants will monitor developments surrounding the scheduled US-China presidential meeting. In an event-heavy week, stock investors will track ongoing quarterly earnings, the US Federal Reserve's interest rate decision, and macroeconomic data for market direction, analysts said. Moreover, progress in India-US trade negotiations will remain a key focus for investors, an expert said. "The ongoing Q2FY26 results season will continue to shape market direction, with severa ...Read More >
Thiruvananthapuram: Kerala's government has outlined an ambitious roadmap for the state's tourism sector under "Vision 2031," with Finance Minister K.N. Balagopal on Saturday highlighting the immense potential across niche tourism segments. Speaking at the state-level workshop at Marian College, Kuttikkanam, the minister said the government is implementing projects aimed at creating a major leap in tourism. "Tourism receives high priority in the State Budget," Balagopal said, emphasizing oppor ...Read More >
The latest World Economic Outlook (WEO) report suggests that India's domestic strength continues to offset the impact of rising US tariffs and global trade tensions. India's Growth Outlook According to the IMF, the 6.6% forecast reflects strong performance in the first quarter of 2025, which helped neutralise much of the tariff-related impact on exports. However, the figure is 0.2 percentage points lower than the pre-tariff projection made in October 2024. India's economic expansion is expect ...Read More >
India is set to outpace China, which is expected to grow at 4.8%. New Delhi: The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India ...Read More >
New Delhi [India], October 25 (ANI): The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India is set to outpace China, which is expecte ...Read More >
New Delhi (ABC Live): In 2025, Southeast Asia sits at the crossroads of global commerce and great-power competition. The Association of Southeast Asian Nations (ASEAN) -- ten member states plus Timor-Leste awaiting full admission -- anchors a market of ≈ 680 million people and a US$3.7 trillion GDP. For over a decade, ASEAN's success has depended on balancing its two dominant partners: Yet the bloc's 2025 chair, Malaysia, has deliberately adopted the theme "Inclusivity and Sustainability", si ...Read More >
New Delhi, October 24: There's renewed optimism among over a crore Central Government employees and pensioners as reports indicate that the long-awaited 8th Pay Commission could soon be constituted, potentially leading to a major salary revision and 17 months of arrears if its recommendations are implemented retrospectively from January 1, 2026. Although the government had announced plans to set up the commission in January 2025, no formal notification has yet been issued, creating uncertainty ...Read More >
New Delhi [India], October 22 (ANI): South Korea's per capita gross domestic product (GDP) is projected to fall by three notches this year, according to a report released by the International Monetary Fund (IMF). As per a report by Pulse, the english service of Maeil Business News Korea, the IMF noted in its World Economic Outlook report that Korea's per capita GDP is estimated at USD 35,962 for 2025, down 0.8 per cent from last year's USD 36,239. Also Read | Pakistan vs South Africa Live Scor ...Read More >
New Delhi [India], October 22 (ANI): South Korea's per capita gross domestic product (GDP) is projected to fall by three notches this year, according to a report released by the International Monetary Fund (IMF). As per a report by Pulse, the english service of Maeil Business News Korea, the IMF noted in its World Economic Outlook report that Korea's per capita GDP is estimated at USD 35,962 for 2025, down 0.8 per cent from last year's USD 36,239. Korea's ranking among the 197 countries includ ...Read More >
India and the US are nearing a trade agreement. Tariffs on Indian exports could drop from 50% to 15-16%. This deal may involve India gradually reducing Russian oil imports. In return, the US is expected to offer concessions on energy trade. Both nations are also discussing increased imports of American corn and soymeal into India. India and the US are in extensive and advanced stage of talks on a trade deal that could see tariffs on Indian exports drop to 15% to 16% from the current 50%, mint r ...Read More >
Mumbai Metropolitan Region is set for a major transformation. By 2047, it aims to be a global economic leader with a GDP of over a trillion dollars. Population is expected to reach nearly 4 crore. Significant infrastructure projects and job creation will drive this growth. The region will focus on sustainable development and improved liveability. The Mumbai metropolitan region is poised to emerge as one of the world's leading urban economies by 2047, with its gross domestic product (GDP) projec ...Read More >
New Delhi, Oct 21 (SocialNews.XYZ) Union Petroleum Minister Hardeep Singh Puri on Tuesday said that nearly 67 million Indians visit fuel stations every day -- reflecting the country's growing energy demand in line with its rapid economic progress. Highlighting India's impressive growth, Puri said the nation has emerged as the world's fourth-largest economy with a GDP of $4.3 trillion and recorded a strong 7.8 per cent growth in the first quarter of FY25-26. "India currently consumes about 5.5 ...Read More >
Union Home Minister Amit Shah has approved an advance release of over Rs 1,950 crore for Karnataka and Maharashtra. This is the second instalment of the State Disaster Response Fund for the 2025-26 financial year. The funds will help the states provide immediate relief to people affected by heavy rainfall and floods this monsoon. Union Home Minister Amit Shah has approved advance release of Rs 1,950.80 crore as second instalment of central share of State Disaster Response Fund (SDRF) to Karnata ...Read More >
Bengaluru, Oct 20 (PTI) Expressing displeasure over the central government's flood relief allocation to Karnataka, Minister Priyank Kharge on Monday said the BJP ruled states consistently receive more funds, while states not aligned with the NDA or the saffron party are "always short changed". Kharge, who holds the Rural Development and Panchayat Raj portfolio, said the funds released are just not enough, given the huge losses reported by the state. Union Home Minister Amit Shah has approved a ...Read More >
Hyderabad: Chief minister A Revanth Reddy on Sunday stated that the Congress govt has made recruitments to Group-I and Group-II posts, and soon the posts of Group-III and Group-IV would be filled up, taking the total to 11,000 group category employees.He was addressing a programme at Shilpakala Vedika, where appointment letters were handed over to 3,465 licenced revenue surveyors who had successfully completed their training.The CM criticised the previous BRS govt for not filling up vacancies in ...Read More >
Guwahati: Assam Governor Lakshman Prasad Acharya has stressed on making education based on creative and critical thinking, and said it should not be confined to theoretical knowledge. Speaking at the valedictory session of the North East Education Conclave 2025 here on Saturday, Acharya said the National Education Policy (NEP), 2020, is a timely step in preparing students for the present times.The conclave, organised by the Pragjyotispur University to mark its foundation day, brought together e ...Read More >
New Delhi, Oct 19 (SocialNews.XYZ) India's trade deficit is likely to remain manageable, as exports to other Asian partners such as China, Hong Kong and South Korea have been higher than last year, both in terms of growth as well as a proportion of total exports, according to a new report. Similarly, exports to European countries such as Spain and Germany too have shown significant traction this year. This is a huge positive and should support exports growth in the rest of the year as well, acc ...Read More >
New Delhi, Oct 19 (SocialNews.XYZ) India's trade deficit is likely to remain manageable, as exports to other Asian partners such as China, Hong Kong and South Korea have been higher than last year, both in terms of growth as well as a proportion of total exports, according to a new report. Similarly, exports to European countries such as Spain and Germany too have shown significant traction this year. This is a huge positive and should support exports growth in the rest of the year as well, acc ...Read More >
"Our farmer brothers are the backbone of Madhya Pradesh's economy. Every government decision is taken with their welfare in mind," Yadav said while addressing a farmers' thanksgiving event linked to the 'Bhavantar' scheme for soybean farmers. The state government is making all efforts to increase farmers' income and strengthen their financial condition, he said. "Crop turns into gold if water reaches a dry field. We will ensure that every farm in the state gets water," he said. " The farmers ...Read More >
NEW DELHI: For nearly three decades, Bihar has been dominated by socialist forces, with Lalu Prasad's RJD and Nitish Kumar's JD(U) shaping the state's political landscape. Since 1990, these two stalwarts of the JP movement have kept national parties on the sidelines. Ahead of the 2025 elections, however, a new narrative is emerging. Prashant Kishor's Jan Suraaj is attempting, perhaps for the first time, to challenge the decades-old socialist discourse and offer an alternative vision for Bihar.Ki ...Read More >
Bengaluru - A boardroom shake-up in Indian conglomerate Tata Group in early October threatened to destabilise the tea-to-semiconductors business house, prompting the government to intervene. The government was so worried about the situation at the organisation - which accounts for an estimated 4 per cent of India's gross domestic product - that Home Minister Amit Shah and Finance Minister Nirmala Sitharaman met some of Tata's top leaders in a closed-door meeting in Delhi on Oct 7. The unpreced ...Read More >
CHENNAI: A CAG report on Tamil Nadu government's FY24 finances had appreciation for a sustainable debt to GSDP ratio but cautioned it on multiple counts, including elimination of revenue deficit, drastic reduction on capital expenditure, and rising interest payments. The state was borrowing to meet current consumption and repayment on borrowings instead of creating capital or development activities, the CAG said. The state's Gross State Domestic Product (GSDP) grew 10.92% from Rs 17.43 lakh cro ...Read More >
PARIS (Reuters) -S&P Global downgraded France's rating a notch on Friday in a surprise update on the euro zone's second-biggest economy, warning that political instability put the government's efforts to repair its finances at risk. Credit ratings agencies rarely downgrade outside of regulated schedules for updates, but S&P said France's cut to A+/A-1' from 'AA-/A-1+' was merited after a high-tension week in which Prime Minister Sebastien Lecornu pledged to suspend a deeply unpopular 2023 pensi ...Read More >
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