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New Delhi: The Indian economy needs to grow by 12.2%, on average each year, about twice its current pace, to address underemployment (jobs that do not fully utilise a person's skills), according to Morgan Stanley. To maintain a stable unemployment rate, India requires an average gross domestic product (GDP) growth of 7.4%, assuming participation rates stay constant, the report said. If participation rate rises to 63%, the growth needed jumps to 9.3%, it added. According to official data, the la ...Read More >
Mumbai: India Inc.'s credit profile has demonstrated remarkable resilience despite escalating global trade tensions and geopolitical uncertainties, according to data released by rating agency ICRA for the first half of the fiscal year 2026 (H1 FY2026).ICRA's rating actions during the period underscored the strength of corporate balance sheets and a supportive domestic economy. The agency recorded 214 rating upgrades against only 75 downgrades, resulting in a robust credit ratio of 2.9. This mark ...Read More >
New Delhi [India], September 30 (ANI): India's external debt stood at USD 747.2 billion at the end of June 2025, marking an increase of USD 11.2 billion over the level recorded at end-March 2025, according to data released by the Reserve Bank of India (RBI) on Tuesday. The data shows that the external debt to GDP ratio moderated slightly to 18.9 per cent at end-June 2025 from 19.1 per cent at end-March 2025. Also Read | School Assembly News Headlines Today, 1 October 2025: Check and Read Impor ...Read More >
NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, opens new tab, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs ...Read More >
NEW DELHI (Reuters) -India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs on 92.2% of tariff lines ...Read More >
India's Fiscal Landscape: Balancing Expenditure with Revenue Growth India's financial performance reveals a complex interplay between government spending and revenue collection. Recent data indicates a shift in the sources of government income, alongside increased investment in crucial infrastructure projects. Net tax receipts for the current period totaled ₹8.1 trillion, a decrease from ₹8.7 trillion during the same timeframe last year. However, this dip was partially offset by a si ...Read More >
New Delhi, Sep 29: India's fiscal deficit for the five-month period from April to August stood at Rs 5.98 lakh crore, which represents 38.1 per cent of the government's full-year target for the financial year 2025-26, official data released on Tuesday showed. Revenue collection trends This indicates that the fiscal deficit is well under control and on its declining glide path, with the economy growing on a stable path. Net tax receipts during the period stood at Rs 8.1 lakh crore, which was a ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) India's fiscal deficit for the five-month period from April to August stood at Rs 5.98 lakh crore, which represents 38.1 per cent of the government's full-year target for the financial year 2025-26, official data released on Tuesday showed. This indicates that the fiscal deficit is well under control and on its declining glide path, with the economy growing on a stable path. Net tax receipts during the period stood at Rs 8.1 lakh crore, which was a tad lower ...Read More >
New Delhi, Sep 30 (PTI) The Centre's fiscal deficit stood at 38.1 per cent of the full-year target at the end of August, according to data released by the Controller General of Accounts (CGA) on Tuesday. The fiscal deficit was 27 per cent of the Budget Estimates (BE) of 2024-25 in the first five months of the previous financial year. In absolute terms, the fiscal deficit, or gap between the government's expenditure and revenue, was Rs 5,98,153 crore in the April-August period of 2025-26. The ...Read More >
New Delhi: The Reserve Bank of India (RBI) is expected to maintain the policy rate unchanged in the current Monetary Policy Committee (MPC) meeting, with a rate cut of 25 basis points (bps) being seen as a positive surprise, according to Bank of Baroda Economist Sonal Badhan. Speaking on the possible impact of such a move with ANI, Badhan noted that even if the RBI goes ahead with a 25 bps cut in October, the GDP forecast for FY26 is unlikely to see any revision. "Even if RBI decides to cut rat ...Read More >
New Delhi [India], September 30 (ANI): The Reserve Bank of India (RBI) is expected to maintain the policy rate unchanged in the current Monetary Policy Committee (MPC) meeting, with a rate cut of 25 basis points (bps) being seen as a positive surprise, according to Bank of Baroda Economist Sonal Badhan. Speaking on the possible impact of such a move with ANI, Badhan noted that even if the RBI goes ahead with a 25 bps cut in October, the GDP forecast for FY26 is unlikely to see any revision. "E ...Read More >
Uttar Pradesh Chief Minister Yogi Adityanath underscored the importance of self-reliant panchayats in translating the state's long-term development goals into reality. Addressing district and block panchayat representatives, he called for adopting innovative approaches in annual plans, with a focus on both income generation and public welfare. The interaction formed part of the ongoing Viksit UP@2047 dialogue series, which seeks to gather ideas from local representatives and citizens on how to ...Read More >
Lucknow (Uttar Pradesh) [India], September 29 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath, addressing an event on Monday, stressed the importance of collective resolve and national unity for India's development. "India will develop only when every Indian has the resolve for development in his heart... We have respect for all the great men, Gods, Goddesses and freedom fighters of India... Prime Minister Modi had said that we have to abandon the mentality of slavery... The feeling of unit ...Read More >
New Delhi: Global rating agency Crisil on Monday projected India's gross domestic product (GDP) to grow 6.5 per cent this fiscal, amid rising private consumption and tax reforms. Rising private consumption should support industrial production. "So far, a copious monsoon, robust kharif sowing and benign inflation have supported the rural economy. The impact of excess rains on agriculture output will be monitorable. The urban economy will get a leg-up from lower lending rates, income tax relief ...Read More >
Lucknow: Uttar Pradesh CM Yogi Adityanath on Monday said UP has become one of India's growth engines and can no longer be called a 'bimaru' state during a virtual dialogue with all mayors on 'Developed UP-2047'. The chief minister said that before 2017, investors avoided the state due to poor roads and a lack of security, but today, the state boasts a network of highways and strong connectivity to every district, attracting investments. During the 'Developed UP-2047', Chief Minister Yogi said, ...Read More >
Lucknow, Sep 30 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Monday called upon all urban local bodies to strive to build a developed India by 2047. Adityanth made the remark while addressing via a video link over 13,800 elected representatives, including mayors and chairpersons of 17 municipal corporations, 200 municipal councils, and 545 town panchayats. "The Panch Pran outlined by the Prime Minister during the Azadi Ka Amrit Mahotsav include pride in our heritage, ending the mindse ...Read More >
Leh (Ladakh) [India], September 29 (ANI): Two of the four individuals who lost their lives during the September 24 violence in Leh were reportedly cremated on Sunday under tight security. The final rites of the remaining two are scheduled for Monday, also amid heavy security arrangements. The unrest, which prompted police to open fire during protests on September 26, claimed four lives in all. Authorities have maintained heightened vigilance throughout the region to prevent further incidents. ...Read More >
Lucknow (Uttar Pradesh) [India], September 29 (ANI): Uttar Pradesh CM Yogi Adityanath on Monday said UP has become one of India's growth engines and can no longer be called a 'bimaru' state during a virtual dialogue with all mayors on 'Developed UP-2047'. The chief minister said that before 2017, investors avoided the state due to poor roads and a lack of security, but today, the state boasts a network of highways and strong connectivity to every district, attracting investments. Also Read | B ...Read More >
Chennai (Tamil Nadu) [India], September 29 (ANI): Tamil Nadu Chief Minister MK Stalin on Monday warned against spreading rumours on social media regarding the stampede in Karur during Tamilaga Vettri Kazhagam chief and actor Vijay's rally. The stampede left at least 41 people dead, including 18 women and 10 children. "Do not spread defamation and rumours on social media regarding the tragedy that occurred in Karur. Everyone must behave responsibly," Stalin said in a video message posted on his ...Read More >
Mumbai (Maharashtra) [India], September 29 (ANI): The stock market opened flat in green on Monday after a sharp correction last week, as investor sentiment remained weak due to U.S. President Donald Trump's tariff policies on pharma and their impact on India. The benchmark Nifty 50 index opened at 24,728.55, gaining 73.85 points or 0.30 per cent, while the BSE Sensex started the day at 80,588.77 with an increase of 162.31 points or 0.20 per cent. Market experts noted that this week will see he ...Read More >
Traditional wisdom needs to be challenged, to enable and fuel MSME lending for the coming decade, says Rahul Jain, Head of BCG India & Hardik Shah, MD & Partner, BCG. The recent government campaign celebrating a decade of the MUDRA Yojana underscores the progress made in extending credit to micro-enterprises. The ad claims that by the time your food delivery order reaches home, 3,000 Mudra loans are disbursed. Guarantee schemes have shown promise and progress in bringing the small entrepreneurs ...Read More >
MUMBAI: RBI is expected to keep policy rates unchanged in its three-day monetary policy committee meet that starts on Monday. Most economists cite resilient growth, benign inflation and external uncertainties as reasons for a pause, even as the tone of RBI's guidance is likely to be more dovish than the action itself. Some economists, however, see scope for a 25-basis-point (100bps =1 percentage point) cut as inflation could dip below target.The Oct decision is seen as trickier than Aug, with gl ...Read More >
New Delhi [India], September 28 (ANI): The Ministry of Micro, Small and Medium Enterprises (MSME) is celebrating "MSME Seva Parv-2025: Virasat se Vikas" from September 28th to 30th. Jitan Ram Manjhi, Union Minister of MSME, Government of India, presided over the event, and Shobha Karandlaje, Union Minister of State for MSME, Government of India, inaugurated the occasion on Sunday at Rudraksh International Cooperation & Convention Centre, Varanasi, Uttar Pradesh, Ministry of Micro, Small and Medi ...Read More >
Varanasi, Sep 28 (IANS) Union Minister Jitan Ram Manjhi has said strengthening the Micro, Small and Medium Enterprises (MSME) sector in India is essential, as it serves as a vital medium for generating employment and empowering the people. Addressing the MSME Seva Parv-2025: Virasat se Vikas event here, the Minister said, "The MSME sector holds great significance in India, as it is one of the largest contributors to job creation." The event is being held from 28th to 30th September. Jitan Ram ...Read More >
Tripura's government, under Chief Minister Manik Saha, has provided over 20,000 jobs with transparency, aiming to fill remaining vacancies promptly. At a recent event in Agartala, 214 GDMO and 12 librarian positions were distributed. Emphasizing doctors' and librarians' societal roles, Saha highlighted the importance of service and respect. In a significant move to address employment, Tripura Chief Minister Manik Saha announced that the state government has successfully delivered 20,036 jobs wi ...Read More >
Excessive rains wreaking havoc in the form of cloudbursts, flash floods and landslides are becoming a perpetual curse for tourism in Himachal Pradesh during the monsoon season. However, with the withdrawal of monsoon, the hospitality industry is pinning hope on revival. The tourism sector, the main stake of Himachal, contributes over Rs 14,000 crore annually to the state gross domestic product (SDGP) and provides employment to a large population. "The room occupancy in the state which ranged ...Read More >
Indian officials are set to request the US to ease access for skilled workers during trade negotiations this week, following President Trump's H-1B visa restrictions. Commerce Minister Piyush Goyal will address the movement of IT professionals, expanding talks beyond goods to include services.Indian officials will ask US trade negotiators this week to ease access for thousands of skilled workers, a person familiar with the matter said, days after President Donald Trump's abrupt announcement to r ...Read More >
Chittapur (Karnataka) [India], September 26 (ANI): As the Centre's 'Make in India' campaign completed 11 years on September 24, Karnataka Congress MLA Priyank Kharge on Friday alleged "weak performance" in the manufacture and export of the country goods. Kharge flagged a fall in the manufacturing sector's share in the Gross Domestic Product (GDP) and said that the initiative has "failed many". Sharing an X post, he wrote, "As Make in India completes 11 years. Served a few, failed many. Manufac ...Read More >
New Delhi [India], September 26 : Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is ... New Delhi [India], September 26 : Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is w ...Read More >
New Delhi [India], September 26 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is well-positioned to withstand global shocks and maintain a high-growth trajectory," the Finance Minister said. She stressed that i ...Read More >
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