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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 >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
New Delhi [India], August 14 (ANI): India 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, im ...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: As India pushes towards self-reliance in the energy transition, a total of 100 GW of solar module manufacturing capacity has been developed and included under the Approved List of Models and Manufacturers (ALMM). Union Minister for New and Renewable Energy, Pralhad Joshi, highlighted the milestone on X, stating: "India has achieved a historic milestone -- 100 GW Solar PV Module Manufacturing Capacity under the Approved List of Models and Manufacturers (ALMM) -- a remarkable rise from ...Read More >
DEHRADUN: Uttarakhand cabinet on Wednesday gave its nod to a strict Uttarakhand Freedom of Religion (Amendment) Bill, 2025, which provides for a maximum punishment of life imprisonment and fine of up to Rs 10 lakh for "forced conversion". The govt is likely to table the bill in the House, where they have a strong majority, for approval during the three-day monsoon session of assembly commencing on Aug 19.At present, the maximum jail term for such an offence is 10 years and the highest fine is Rs ...Read More >
New Delhi: India's states are racing to seize the electric vehicle (EV) manufacturing wheel, offering lucrative clean-energy policies as the Centre eases off the accelerator. From Maharashtra and Tamil Nadu to Karnataka and Andhra Pradesh, top manufacturing states have put in place new EV policies over the past two years, dangling land discounts, tax breaks, and capital subsidies to woo EV makers and component suppliers. Joining them soon are Gujarat and Haryana, which are scheduled to release ...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: Claiming that "numbers speak louder than noise", BJP leader Amit Malviya on Friday ridiculed Congress leader Jairam Ramesh for spreading "lies" and "negativity" about the economy, and dished out data on record-breaking growth since 2014. The BJP's information technology cell chief wrote on X, "Another day, another desperate attempt by Jairam Ramesh and the Congress to spread falsehoods about India's economy." "While they wallow in manufactured gloom, the facts tell a different story ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwa ...Read More >
New Delhi: Commerce and industry minister Piyush Goyal on Thursday urged Indian missions to ensure sharper trade intelligence, stronger global partnerships, and a coordinated push to boost India's exports and investment flows. He was interacting with Heads of Commercial Wings in 74 Indian Missions across 61 countries, the commerce ministry said in a statement. In a virtual interaction, Goyal reviewed trade promotion efforts and challenges in key markets, urging diplomats to act as the frontlin ...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, July 13 (SocialNews.XYZ) The electronics and pharmaceutical sectors emerged as the biggest gainers under the government's production-linked incentive (PLI) scheme in the financial year 2024-25, cornering nearly 70 per cent of the total incentive disbursed, according to official data. Out of Rs 10,114 crore released under the scheme during the year, the electronics sector received Rs 5,732 crore, while the pharma sector got Rs 2,328 crore, the data showed. Launched in 2021 to boost d ...Read More >
Hyderabad (Telangana) [India], July 12 (ANI): Union Coal and Mines Minister G Kishan Reddy on Saturday said that the government has introduced Production Linked Incentive (PLI) schemes to encourage participation of private players in rare earth permanent magnets production. The Centre has initiated PLI schemes, which offer financial incentives tied directly to measurable outcomes and have been designed to boost domestic manufacturing. Also Read | Air India Plane Crash: AAIB Report Preliminary, ...Read More >
New Delhi [India], July 1 (ANI): As the Digital India Mission completed 10 years on Tuesday, BJP leader Pradeep Bhandari drew contrast between the BJP and the opposition bloc and said that while the INDI Alliance is associated with 'corruption and nepotism,' the Modi government is associated with the model of development. The BJP leader praised the central government for the success of Digital India and stated that the country now accounts for 50 per cent of global financial transactions, a tes ...Read More >
New Delhi [India], July 1 (ANI): Indian industry leaders have hailed the government's approval of the Employment Linked Incentive (ELI) Scheme as a bold and timely move to tackle India's pressing job creation challenge. The business executives and policy experts believe that the scheme will transform the employment landscape, as it focuses on formalising the workforce, empowering first-time job seekers, and reducing hiring costs for employers--especially in labour-intensive and capital-constrai ...Read More >
JAMMU, July 02: With the annual ShriAmarnathJiYatra 2025 set to commence tomorrow, a vibrant spiritual atmosphere prevails at the YatriNiwas Base Camp in Bhagwati Nagar, Jammu, where around 3,500 pilgrims are ready to begin their sacred journey. "All arrangements have been made, and nearly 3,500 pilgrims are currently stationed at the Jammu Base Camp," said Rajesh Raina, a senior officer of the Tourism Department, speaking to Rising Kashmir. Registration counters have been set up inside YatriN ...Read More >
New Delhi [India], July 1 (ANI): Indian industry leaders have hailed the government's approval of the Employment Linked Incentive (ELI) Scheme as a bold and timely move to tackle India's pressing job creation challenge. The business executives and policy experts believe that the scheme will transform the employment landscape, as it focuses on formalising the workforce, empowering first-time job seekers, and reducing hiring costs for employers--especially in labour-intensive and capital-constrai ...Read More >
New Delhi: Government push to infrastructure has influenced capital investment decisions of 88 percent of respondent manufacturers, as per the IANS report. The government is pushing infrastructure and bringing down its logistics-to-GDP cost through various schemes such as Bharatmala, Sagarmala, Dedicated Freight Corridors, and the National Industrial Corridor Development. As per the Cushman and Wakefield report "Elevating India's Manufacturing Resilience: Charting the Path to Self-Reliance," the ...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 >
India Ratings and Research (Ind-Ra) expects credit growth to improve marginally in FY26 to 13-13.5 per cent, up from FY25 levels. However, the composition of loans is likely to shift, with a continued slowdown in lending to non-banking financial companies (NBFCs) and the retail segment. This decline is expected to be offset by a revival in private capital expenditure (capex), which would support growth in the corporate segment, the rating agency said. "A sustained improvement in system liquidit ...Read More >
Dixon Technologies is partnering with HKC for display module manufacturing. The company has applied for government approval. Dixon is also exploring partnerships for diodes and components. They are collaborating with Dassault for smart manufacturing. Dixon aims for 'lighthouse factory' recognition. The company is satisfied with the current PLI scheme. Dixon plans significant investments in components and display modules.India's leading contract manufacturer Dixon Technologies has sought the gove ...Read More >
New Delhi [India], December 6 (ANI): The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) has generated employment of over 2.89 lakh as of October, and an investment of Rs 8,910 crore has been made across 213 locations, according to the Ministry of Food Processing Industries . In a press release, the Ministry stated that the scheme has significantly contributed to the country's overall growth and development by scaling up domestic manufacturing, enhancing value addition ...Read More >
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