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New Delhi [India], July 20 (ANI): Deputy Trade Commissioner for South Asia at the British High Commission, Anna Shotbolt has said that the India-UK Free Trade Agreement is projected to increase bilateral trade between the two countries by Euro 25.5 billion every year. She highlighted that under this FTA, there are provisions for tariff reductions on 90 per cent of traded goods between the two countries. However, it is not only about tariffs, which are indeed a crucial aspect that will benefit ...Read More >
India and the EFTA countries free trade agreement will be implemented from October 1. The agreement aims to boost trade and investment between India and Iceland, Liechtenstein, Norway, and Switzerland. EFTA has committed to invest USD 100 billion in India, creating one million direct jobs. India will lower or eliminate duties on some EFTA products. The free trade agreement between India and the four-nation European bloc EFTA will be implemented from October 1, Commerce and Industry Minister Piy ...Read More >
Dr. Mujahid Gilani (Senior Kashmiri Leader): Long before 14 August 1947, people of Jammu and Kashmir had voted in favour of Pakistan even before the division of Sub-Continent. They gave their decision over vehemently to become to join Pakistan as its Muslim majority province. In the backdrop of global situation, we must realize that people of Jammu and Kashmir are struggling for maintaining their lives. Their ratio of population in Jammu and Kashmir which was over 98 % in 1947 has been reduced a ...Read More >
New Delhi, July 19 (UNI) Union Home Minister Amit Shah today said that the government's aim of making India a fully developed nation by 2047 cannot be achieved without the development of Uttarakhand. Addressing the 'Uttarakhand Investment Festival 2025' in Rudrapur, Uttarakhand, Shah said, "Until our small states progress, there cannot be uniform development in the country. Similarly, until the states of the eastern region progress, there cannot be uniform development in the country. Therefore, ...Read More >
New Delhi [India], July 19 (ANI): Despite witnessing a slight drop of 1.4 per cent in business investment confidence, India maintained the highest year-on-year confidence growth among 32 economies surveyed in Q3 2025, with a robust 12.6 per cent rise, according to the D&B Global Business Investment Confidence Index of Dun & Bradstreet (D&B), a data and analytics firm. According to the report, the Global Business Investment Confidence Index fell 13.1 per cent quarter-on-quarter (q/q) for Q3 2025 ...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 >
Mathura, July 19 (UNI) Six people died and two others are in critical condition after a car overturned when it was hit by an unknown vehicle on the Yamuna Expressway in Mathura. The car occupants were going from Delhi to Agra. The accident happened in the Baldev police station area early Saturday morning, police said. After the accident, passersby informed the police. As soon as the information was received, the police reached the spot, rescued the occupants from the car, and sent them to the ...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 14 (SocialNews.XYZ) India has become a leading source of AI talent, currently housing 32 per cent of the global GCC talent pool, 28 per cent of the world's STEM workforce, and 23 per cent of global software engineering talent, Finance Minister Nirmala Sitharaman said on Monday. Addressing the Special Ministerial Plenary and Report Back session at the inaugural 'CII GCC Business Summit 2025' here, Sitharaman said "We have among the highest penetration of AI skills globally". In ...Read More >
HYDERABAD: Chief Minister A Revanth Reddy has expressed serious concern over the increasing burden of payment of high interest rates on loans inherited from the previous BRS regime. In a meeting with S Mahendra Dev, the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), the chief minister mentioned the difficulties in the repayment of loans, adding that this was significantly impeding the state's development. The CM informed the EAC-PM chairman that the income generated ...Read More >
Hyderabad: Chief Minister A. Revanth Reddy has raised serious concerns over the increasing financial burden on the state government due to the high interest rates on loans inherited from the previous BRS administration. In a meeting with Prof. S. Mahendra Dev, chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), the CM spoke of the difficulty in loan repayment which, he said, was significantly hindering the state's development. The Chief Minister requested the Centre's coop ...Read More >
New Delhi: India's service sector is demonstrating a significant role in the country's journey towards becoming a $5 trillion economy, a report said on Monday. For decades, the sector has not only been contributing massively to India's gross domestic product (GDP), but has also become the key driving force to the nation's economy, rising from 40 per cent contribution in GDP in the 1990s to accounting for 55 per cent gross value added (GVA) in FY25, according to the Axis Mutual Fund's 'Service Se ...Read More >
New Delhi, Jul 7 (PTI) The Tata Group is focusing on enhancing safety across companies as it has become a "top priority" and is aware that it needs to do more on the issue as it goes ahead with its expansion plans, Tata Sons Chairman N Chandrasekaran said on Monday. He was responding to a shareholders' query regarding safety measures undertaken in the aftermath of the Air India crash and how to avoid such tragedies in other Tata Group firms, while addressing the Annual General Meeting of the In ...Read More >
Bengaluru, Jul 5 (PTI) Union Minister Piyush Goyal on Saturday said new technologies will define India's growth story in the coming years. Addressing the IIT Madras Alumni Association's Sangam 2025 event here, he said, "Your science, your technology, combined with this vibrant startup ecosystem, R&D, and innovation, will shape the India growth story of the future." Goyal said India is transforming from a country known for seeking jobs to becoming a nation of job creators. "Of course, in some s ...Read More >
Mumbai, Jul 4 (PTI) The rupee appreciated 15 paise to close at 85.40 against the US dollar on Friday, tracking a decline in the American currency in the overseas market and a weak tone in crude oil prices. Forex traders said Asian currencies, including the rupee, gained ground on renewed hopes of trade deals with the US. US President Donald Trump announced a trade agreement with Vietnam, and that injected a dose of optimism that perhaps more such agreements could be in the pipeline before the ...Read More >
Mumbai: Benchmark stock indices Sensex and Nifty pared intra-day gains to close lower on Thursday due to last-hour selling in financial and metal shares. The 30-share BSE Sensex dropped by 170.22 points or 0.20 per cent to settle at 83,239.47. The index opened higher and rose further by 440.4 points or 0.52 per cent to hit a high of 83,850.09. However, profit taking emerged in the last hour of trade dragging the barometer to a low of 83,186.74 in the pre-close session. The 50-share NSE Nifty de ...Read More >
Pune (Maharashtra) [India], July 4 (ANI): Amidst the ongoing Marathi-non-Marathi row, a group of Maharashtra Navnirman Sena (MNS) workers allegedly stormed a man's residence in the Vanaz area of the city on Thursday and threatened to assault him over an objectionable social media post targeting MNS chief Raj Thackeray. The man, identified as Kedar Soman, had reportedly posted a comment on Facebook that MNS workers found offensive and disrespectful to their leader. Enraged by the post, a group o ...Read More >
NEW DELHI: Activity in the country's service sector rose to a 10-month high in June as new orders increased and overseas demand strengthened, leading to job creation in the sector, a survey showed on Thursday.The HSBC India Services PMI business activity index, based on a single question asking how the level of business activity compares with the situation in the month before, rose from 58.8 in May to 60.4 in June. Companies linked the upturn to positive demand trends and ongoing improvements in ...Read More >
MUMBAI: Higher demand for both goods and services strengthened in June, with aggregate new business activity rising at the fastest pace since August 2024, driven by a record surge in international demand, says a private survey report. The new PMI comes within days of the same survey reporting earlier this week that manufacturing sector activity rose to a 14-month high at 58.4 in June on the back of expansion in output, new orders, and job creation. The manufacturing PMI stood at 57.6 in May, 58 ...Read More >
BENGALURU (Reuters) -India's services sector enjoyed its strongest growth in ten months in June, fuelled by robust demand and cooling price pressures, a survey showed on Thursday. The HSBC final India Services Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 60.4 in June from 58.8 in May, but was a touch lower than a preliminary estimate of 60.7. The PMI threshold of 50.0 separates growth in activity from contraction. The new business sub-index - a key gauge of demand - ro ...Read More >
New Delhi, June 30 (SocialNews.XYZ) The financialization of household savings in India has gained significant momentum as equities as percentage of household savings in the country has increased from 2.5 per cent in FY20 to 5.1 per cent in FY24, an SBI Research report said on Monday. The Indian credit market is witnessing some structural shifts with headline bank credit growth. Thus, arithmetic average possibly hiding more things than it reveals, the report mentioned. In future, sources of cre ...Read More >
Srinagar, June 28: The Jammu & Kashmir Forest Department has achieved a remarkably high score of 92.97% for Dachigam National Park in Management Effectiveness Evaluation (MEE) exercise, conducted by the Wildlife Institute of India (WII) under the Union Ministry of Environment, Forest & Climate Change. Minister for Forest, Ecology & Environment, Javed Ahmed Rana, has praised the officers of the Wildlife Department for this outstanding achievement in conservation of protected areas in ecologicall ...Read More >
ITANAGAR, 28 Jun: "If you wish to build in India, Arunachal Pradesh is your launch pad. If you seek to invest in sustainability, we offer the greenest canvas. If you dream of bridging tradition with innovation, we welcome you with both hands," said Industries Minister Nyato Dukam, addressing an investment and entrepreneurship workshop on the Uttar Poorva Transformative Industrialization Scheme (UNNATI-2024) and other industrial investment schemes at the state banquet hall here on Saturday. He a ...Read More >
Itanagar: Arunachal Pradesh Industries Minister Nyato Dukam on Saturday said the state is prepared to serve as a platform for industrial growth and innovation, highlighting its potential for sustainable investment and entrepreneurship. Speaking at an investment and entrepreneurship workshop focused on the Uttar Poorva Transformative Industrialisation Scheme (UNNATI 2024), Dukam called on investors and entrepreneurs to view Arunachal Pradesh as a strategic entry point to economic development in ...Read More >
New Delhi, June 28: India on Saturday decided to impose port restrictions, with immediate effect, on the import of jute and allied fibre products from Bangladesh to check influx of cheap, subsidised imports from neighbouring country which have depressed prices, hurt farmers' incomes, and led to underutilised capacity in Indian jute mills leading to closures and unemployment. These restrictions will apply to imports into India of Bangladesh jute and allied fibre products across all land and seap ...Read More >
Lyca Kovai Kings (LKK) will face Salem Spartans (SS) in the 26th match of the Tamil Nadu Premier League 2025 on Saturday, June 28, at the NPR College Ground in Dindigul. The Kovai Kings are in the last position currently with one win to their name in six games. The Spartans have won and lost three games each and are in fourth position. The Kovai Kings took on IDream Tiruppur Tamizhans in their previous game and scored 137 runs for the loss of nine wickets. No batter managed to score more than 2 ...Read More >
New Delhi, June 28 (SocialNews.XYZ) India on Saturday decided to impose port restrictions, with immediate effect, on the import of jute and allied fibre products from Bangladesh to check influx of cheap, subsidised imports from neighbouring country which have depressed prices, hurt farmers' incomes, and led to underutilised capacity in Indian jute mills leading to closures and unemployment. These restrictions will apply to imports into India of Bangladesh jute and allied fibre products across a ...Read More >
New Delhi, Jun 27 (PTI) The higher oil prices triggered by a brief Israel-Iran war have come down, but it is too soon to sound the "all clear" for the rest of the year, said a finance ministry report on Friday. The ministry's monthly economic review also stressed that with no major imbalances in the macro aggregates, a subdued inflation rate combined with a growth-supportive monetary policy stance, India's macroeconomic health is in a relative goldilocks situation. The brief Israel-Iran war, f ...Read More >
MUMBAI: Corporate India showed signs of renewed vigour in 2024-25, with listed private non-financial companies reporting a sales growth of 7.2%, an improvement from the anaemic 4.7% recorded the previous year. Data from Reserve Bank of India, based on financial statements of 3,902 listed non-government non-financial firms, point to a broad-based if uneven recovery-tempered by rising input costs and tightening margins.Manufacturing companies saw sales climb by 6.0%, up from 3.5% the year before. ...Read More >
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