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Jorhat: The Tea Association of India (TAI) has urged the Assam government to address critical concerns related to land, wages, and imports before proceeding with key policy decisions impacting the tea sector, cautioning that unresolved issues could affect the industry's long-term sustainability. Addressing the 37th Biennial General Meeting of TAI's Assam Branch in Jorhat, the Association's president, Shailja Mehta, said the proposed land patta distribution to tea garden workers, though well-int ...Read More >
New Delhi, Dec 15 (PTI) Batter energy storage system (BESS) cost has fallen steeply to Rs 2.1 per unit from about Rs 10.18 per unit discovered through tariff-based competitive bidding during 2022-23, Parliament was informed on Monday. The cost of BESS discovered through tariff-based competitive bidding during 2022-23 was about Rs 10.18/kWh, if the storage is used for two cycles daily, a power ministry statement said. According to the statement, the cost of BESS discovered through competitive b ...Read More >
New Delhi [India], November 20 (ANI): India's export sector has delivered a powerful message of resilience and global competitiveness in by far in 2025-26, recording its highest-ever quarterly exports in both Q1 and Q2, and culminating in the highest-ever export performance for the first half of any financial year.This achievement comes at a time when global trade continues to be weighed down by geopolitical tensions, supply-chain disruptions, inflationary pressures, and uneven demand recovery a ...Read More >
New Delhi: Steel Minister HD Kumaraswamy on Tuesday launched the third round of Production Linked Incentive (PLI) Scheme for speciality steel to attract investment in the sector, as part of the government's aim to boost domestic output and reduce imports. The minister launched the third round of the PLI scheme named 'PLI 1.2' for speciality steel at a function held here. The PLI scheme for speciality steel was approved by the Union Cabinet in July 2021 with an overall outlay of Rs 6,322 crore. ...Read More >
The plan aims to boost domestic extraction of vital metals from batteries and gadgets. Industry experts believe technology acquisition and workforce development are crucial for realizing the plan's potential. Critical minerals recyclers are cautious about the prospects of the newly announced incentive plan for the sector. Players say the informal e-waste collection system and the lack of a supply chain can hinder the government's plan to establish a robust critical mineral extraction ecosystem ...Read More >
Panaji, Sep 26 (PTI) Former ambassador V S Seshadri has said unpredictability in tariff policies and unilateral measures by the United States coupled with China's "bid for economic supremacy and technological dominance" as well as widening geopolitical rifts have created turbulence in the global trading system. Delivering a lecture on 'International Trade Law: Challenges and Outlook' at the India International University of Legal Education and Research (IIULER) here on Thursday, he said these d ...Read More >
NEW DELHI, Sept 16: Wholesale Price Index (WPI) increased from (-)0.58 pc in July 2025 to 0.52 pc in August 2025, driven by high prices of primary articles particularly food articles, non-food articles, minerals and manufactured goods, said Hemant Jain, President of PHD Chamber of Commerce and Industry (PHDCCI) in a communique. Jain said, "The prices of food articles increased by 1.45 pc in August 2025 vs July 2025 due to the inflation in wheat, pulses, eggs, meat and fish. While higher prices ...Read More >
New Delhi [India], September 15 (ANI): India's overall exports, merchandise and services combined, in August 2025 were reported at USD 69.16 billion, marking a 9.34 per cent rise on a yearly basis, data from the Union Commerce Ministry showed on Monday. The total exports in August 2024 were pegged at USD 63.25 billion. Exports of merchandise goods rose from USD 32.89 billion to USD 35.10 billion, and exports of services rose from USD 30.36 billion to USD 34.06 billion during August 2025. Also ...Read More >
NEW DELHI: The government has reopened the application window for the Production Linked Incentive (PLI) Scheme for white goods, covering air conditioners and LED lights, to attract additional investments into the sector. The 30-day window will remain open from September 15 to October 14, the Department for Promotion of Industry and Internal Trade (DPIIT) said in a statement on Thursday. "The application window for the PLI Scheme for White Goods (ACs and LED Lights) is being reopened based on t ...Read More >
New Delhi, Aug 29 (UNI) Refining the Production-Linked Incentive (PLI) scheme for greater participation of MSMEs, rationalising import duties on critical raw materials, developing a robust raw material ecosystem, attracting multinational manufacturing and R&D hubs, utilising MedTech parks for co-innovation labs, aligning regulatory frameworks with global standards -- these are among the key recommendations of India's MedTech industry to help it emerge as a global manufacturing and innovation hub ...Read More >
Mumbai, India: The Ministry of Textiles has announced the reopening of its portal for fresh applications under the Production Linked Incentive (PLI) Scheme for Textiles. The initiative focuses on sectors like Man-Made Fibre (MMF) Apparels, Fabrics, and Technical Textiles, and aims to stimulate large-scale investments. Eligible companies will be incentivized based on incremental turnover resulting from new investments and expanded production capabilities. Shri Shaleen Toshniwal, Chairman of the ...Read More >
New Delhi [India], August 14 (ANI): India's overall trade deficit (merchandise and services combined) widened to USD 11.72 billion in July 2025, up from USD 10.10 billion in the same month last year, driven by a sharper rise in imports than exports, according to the data released by the Commerce & Industry Ministry.The data shows that the overall exports stood at USD 68.25 billion in July 2025, marking a growth from the same month of the previous year at USD 65.31 billion.On the other hand, impo ...Read More >
New Delhi: India's goods exports in June fell a tad from a year earlier, but a sharper drop in imports aided the trade deficit to narrow to a four-month low. Exports reduced 0.05% year-on-year to $35.14 billion, a seven month low, while imports fell 3.71% to $53.92 billion, leaving a trade deficit of $18.78 billion compared with $20.84 billion in June last year. Exports to the US in the past month rose sharply to $25.52 billion from $20.89 billion, despite the base tariff on Indian goods shipp ...Read More >
New Delhi, Jul 17 (PTI) India should negotiate a trade agreement with the US on its own terms, keeping in view the national interest, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev has said. Dev expressed hope that India will have an advantage over other countries on tariffs once the Free Trade Agreements (FTAs) are signed, and it would boost exports. "The overall approach of India is negotiating trade agreements with countries on its own terms and keeping in ...Read More >
New Delhi, Jul 17 (PTI) India should negotiate a trade agreement with the US on its own terms, keeping in view the national interest, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev has said. Dev expressed hope that India will have an advantage over other countries on tariffs once the Free Trade Agreements (FTAs) are signed, and it would boost exports. "The overall approach of India is negotiating trade agreements with countries on its own terms and keeping in ...Read More >
India's overall trade deficit (merchandise and services) narrowed significantly to $3.51 billion in June 2025, down from $7.30 billion in June 2024, as exports outpaced imports on a year-on-year basis, government data showed on Tuesday. The decline in the trade deficit reflects stronger export performance, aided by resilient demand in key global markets and robust service sector growth. The data suggests that overall exports (merchandise and services) rose to $67.98 billion in June 2025, compa ...Read More >
New Delhi [India] July 15 (ANI): India overall trade deficit (merchandise and services) narrowed significantly to USD 3.51 billion in June 2025, down from USD 7.30 billion in June 2024, as exports outpaced imports on a year-on-year basis, government data showed on Tuesday. The decline in the trade deficit reflects stronger export performance, aided by resilient demand in key global markets and robust service sector growth. The data suggests that overall exports (merchandise and services) rose ...Read More >
New Delhi [India], June 28 (ANI): India will continue to grow robustly, even among major industrialised G7 countries, the PHD Chamber of Commerce and Industry (PHDCCI) said in a report on 'Population, Productivity, Partnership: Rethinking G7-India Collaboration'. The PHDCCI report added that with an average real GDP growth of more than 8 per cent from 2021 to 2024, India has consistently outpaced all G7 countries: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. ...Read More >
Shimla, Jun 28 (PTI) The Himachal Pradesh government on Saturday gave its consent for setting up Panchayat Emergency Response Centre in all panchayats of the state, according to an official statement. In a meeting held here under the chairmanship of Chief Minister Sukhvinder Singh Sukhu, the cabinet gave its consent for Panchayat Emergency Response Centre in each of the 3,645 panchayats of the state to ensure effective response in the event of natural disasters to save human lives and propertie ...Read More >
New Delhi: A paper by economic think tank NCAER has made a case for investment in skilling of workforce to increase employment in the labour intensive sectors by 2030. The paper titled 'The Landscape of Employment in India: Pathways to Jobs' said inter-sectoral linkages can have a multiplicative effect on employment in the aggregate economy, increasing employment by up to 200 per cent relative to existing scenario. "On the supply side, we show that increasing the share of skilled workforce by ...Read More >
New Delhi, Jun 27 (PTI) A paper by economic think tank NCAER has made a case for investment in skilling of workforce to increase employment in the labour intensive sectors by 2030. The paper titled 'The Landscape of Employment in India: Pathways to Jobs' said inter-sectoral linkages can have a multiplicative effect on employment in the aggregate economy, increasing employment by up to 200 per cent relative to existing scenario. Also Read | Bodoland Lottery Result Today, June 27, 2025: Assam St ...Read More >
New Delhi, Dec 17 (VOICE) India has added nearly 15 GW of renewable energy capacity during April-November in the current financial year, which is almost double the 7.54 GW added during the same period last year, Union New and Renewable Energy Minister Pralhad Joshi said on Tuesday. Addressing the CII International Energy Conference and Exhibition (IECE) here, the Minister further stated that India's total installed capacity in the non-fossil fuel energy sector has reached 214 GW, marking an incr ...Read More >
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