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New Delhi: The Modi government has given a major gift to the youth by approving Rs 1.07 lakh crore for a new scheme to boost employment. The decision was made in the Union Cabinet meeting held on Tuesday. Along with this, the Cabinet also approved Rs 1 lakh crore to support Research and Development (R&D) in the country. What Is the ELI Scheme? The Employment Linked Incentive (ELI) scheme was first announced in the 2024-25 Union Budget. - Encourage private companies to hire more workers The ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More >
New Delhi: Industrial output growth slowed to a nine-month low in May as electricity and mining sectors contracted sharply and the key manufacturing sector remained sluggish. This points to some pain for the vital sector against the backdrop of global uncertainties.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production (IIP) rose by 1.2% in May lower than the 2.6% in April and below the 6.3% recorded in May last year. The early onset of the mons ...Read More >
India's Index of Industrial Production (IIP) grew by 1.2 percent in May 2025 compared to the same month in the previous year, according to the Quick Estimates released by the Ministry of Statistics and Programme Implementation. This modest uptick was powered largely by a 2.6 percent growth in the manufacturing sector, which offset contractions in both mining and electricity output. The IIP for May 2025 stood at 156.6, up from 154.7 in May 2024. Sector-wise, the manufacturing index rose to 154.3 ...Read More >
New Delhi [India], June 30 (ANI): Industrial production activity in India moderated month-on-month with the Index of Industrial Production (IIP) growing 1.2 per cent in May, against 2.7 per cent recorded in April, according to the Ministry of Statistics and Programme Implementation data. In May, the growth rates of the three sectors, Mining, Manufacturing and Electricity the were (-) 0.1 per cent, 2.6 per cent, and (-) 5.8 per cent, respectively. Also Read | 'I Stand Firmly With Diljit': Actor ...Read More >
ALSO READ: UP Govt To Organise Investors Summit On July 9 To Promote Alcohol-Based Exports And Industrial Growth The NSO data showed that the manufacturing sector's output growth decelerated to 2.6 per cent in May 2025 from 5.1 per cent in the year-ago month. Mining production contracted by 0.1 per cent against a growth of 6.6 per cent a year ago. Power production declined by 5.8 per cent in May 2025 against 13.7 per cent growth in the year-ago period. During the April-May period of FY26, ind ...Read More >
New Delhi, Jun 30 (PTI) India's industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025 due to poor performance of manufacturing, mining and power sectors, according to official data released on Monday. The factory output, measured in terms of the Index of Industrial Production (IIP), had expanded by 6.3 per cent in May 2024. The National Statistics Office (NSO) also revised upwards industrial production growth for April to 2.6 per cent from the earlier estimate of ...Read More >
New Delhi [India], June 26 (ANI): The sales growth of listed private non-financial companies in India improved to 7.2 per cent in 2024-25, from a low of 4.7 per cent during the previous year, Reserve Bank of India (RBI) data showed on Thursday. The RBI released data on the performance of the private corporate sector during 2024-25 drawn from abridged financial results of 3,902 listed non-government non-financial (NGNF) companies. The sales of manufacturing sector companies rose by 6.0 per cent ...Read More >
Mumbai, Jun 26 (PTI) Sales of listed manufacturing sector companies rose by 6 per cent during 2024-25 as compared to 3.5 per cent growth in the preceding year, mainly led by automobiles, electrical machinery, food and beverages, and pharmaceuticals industries, according to RBI data. On the other hand, among the major industries, petroleum and iron & steel sectors recorded a contraction in their sales during 2024-25, it said. On Thursday, the Reserve Bank released data on the performance of the ...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 >
PUNE: Automobile industry, the barometer of the economy, has welcomed the RBI rate cut by 50 basis points to 5.5 per cent from 6 per cent, saying such reduction in repo rate would have a positive impact on the automobile sector in the country. "Such reduction in repo rates would have a positive impact on the auto sector since it would lead to increased accessibility to finance at reduced costs, thereby creating a positive sentiment amongst the consumers in the market," said Shailesh Chandra, Pr ...Read More >
Berhampur: CM Mohan Charan Majhi on Thursday launched 12 industrial projects worth ₹28,084 crore in Ganjam district, marking a significant boost to Odisha's industrial development. The projects are expected to generate over 15,455 jobs.During the groundbreaking ceremony at Onslow Stadium in Chatrapur, Majhi emphasized the state's commitment to sustainable development, particularly noting the timing of the announcement on World Environment Day. "This investment will catalyze Ganjam's economic gr ...Read More >
Hyderabad: Contrary to widespread and distressing reports circulating on social media and some unofficial sources earlier today, Jubilee Hills MLA Maganti Gopinath of the Bharat Rashtra Samithi (BRS) has not passed away. He remains critically ill but is showing signs of recovery after being rushed to AIG Hospital in Gachibowli on Thursday with heart-related issues. BRS MLC Dasoju Shravan provided a crucial update, stating, "Maganti Gopinath is recovering." Shravan clarified that Gopinath is res ...Read More >
Gopalpur : Shri Mohan Charan Majhi, Hon'ble Chief Minister of Odisha, today laid foundation stones for five new industrial projects at the Gopalpur Industrial Park (GIP), developed by Tata Steel Special Economic Zone Limited (TSSEZL). The event took place in Ganjam, Odisha, in the presence of senior officials from the State Government, local community representatives, TSSEZL officials, and existing industry stakeholders at GIP. Hon'ble CM said, "Ganjam has achieved significant milestones in the ...Read More >
Bhubaneswar, June 5 (UNI) Odisha has achieved an unprecedented investment of about Rs. 1.5 lakh crore in the last five months, Chief Minister Mohan Charan Majhi said. Majhi, who laid the foundation stone for projects worth over Rs. 28,000 crore covering 12 industries during his visit to Ganjam district on Thursday, said that the ambitious goal set for Odisha's bright future will be fulfilled. He added that the foundation stone for industries worth Rs. 70,000 crore was laid in Jajpur Kalinga Na ...Read More >
Economy 1 min read IIP grows 3.5% in October, up from 3.1% a month ago India's Index of Industrial Production (IIP) grew by 3.5% in October 2024, up from 3.1% in September 2024. This positive growth was driven by strong performance in key sectors like basic metals, electrical equipment, and refined petroleum products. Eighteen out of 23 industry groups showed year-over-year growth, indicating broad-based industrial expansion. The IIP growth rate for the month of October 2024 is 3.5 percent whic ...Read More >
New Delhi, Dec 12 (PTI) India's industrial production (IIP) growth slowed to 3.5 per cent year-on-year in October 2024, mainly due to poor performance of mining, power and manufacturing, as per official data released on Thursday. The IIP recorded a growth of 11.9 per cent in October 2023, according to a statement by the Ministry of Statistics & Programme Implementation. However, on a sequential basis, the factory output in October 2024 rose to 3.5 per cent from 3.1 per cent in September and a ...Read More >
The Employees' Provident Fund Organisation (EPFO) via its circular asked the employees to activate their Universal Account Number (UAN) and Aadhaar seeding of the bank account. The activation and linking was to be done by November 30, 2024, so employees could get the direct benefit transfer (DBT)of the Employment Linked Incentive (ELI) scheme directly into their bank account. However, some employees would have missed the deadline to activate and link their UAN by November 30, 2024. ET Wealth spo ...Read More >
The report underlined a sharp slowdown in incremental credit and deposits compared to the previous year, indicating a challenging environment for banking sector growth. It said, "It's clear that credit growth is declining across sectors as momentum has turned negative, even as favorable base effect is waning". The report highlighted that as of November 15, 2024, incremental credit from all scheduled commercial banks (ASCBs) has grown by Rs 9.3 lakh crore, marking a year-to-date (YTD) growth of ...Read More >
London stocks were set to kick off the final month of the year steady, as investors mulled a jump in UK house prices and encouraging Chinese manufacturing data. There was nothing of note out on the corporate front, but data from Nationwide showed that house prices rose 3.7% on the year in November, up from 2.4% the month before. This marked the fastest annual growth since November 2022. On the month, they were up 1.2%, having risen just 0.1% in October. This was the largest monthly gain since ...Read More >
India's manufacturing sector growth fell to a joint 11-month low, restricted by competitive conditions and inflationary pressures India's manufacturing sector growth fell to a joint 11-month low of 56.5 in November, restricted by competitive conditions and inflationary pressures amid a softer increase in factory orders, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in October to 56.5 in November, signalling a s ...Read More >
Hit by economic slowdown and poor infrastructure, industrialists from Jharkhand's key industrial districts -- East Singhbhum, West Singhbhum, and Seraikela-Kharsawan -- are looking to the newly formed state government for revival and support. The industrial zones of Adityapur, Gamharia, Kandra, and Chandil have been grappling with inadequate infrastructure, including poorly maintained roads, lack of bridges, erratic water supply, and unreliable power. Entrepreneurs in these regions hope the new ...Read More >
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