New Delhi, July 21 (IANS) The government’s Production Linked Incentive (PLI) schemes have attracted actual investments of more than Rs 2.40 lakh crore, generated over 14.15 lakh direct and indirect jobs, and enabled exports worth Rs 15.2 lakh crore across 14 key sectors as of March 31, 2026, Parliament was informed on Tuesday.In a written reply in the Lok Sabha, MoS for Commerce and Industry Jitin Prasada said the PLI schemes, launched with an approved financial outlay of Rs 1.91 lakh crore.The …
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Washington, July 21 (IANS) President Donald Trump imposed an additional 50 per cent tariff on hundreds of Canadian products, accusing Ottawa of discriminating against American exports of automobiles, alcoholic beverages and dairy products, in a major escalation of trade tensions between the two North American neighbours.Invoking Section 338 of the Tariff Act of 1930, Trump signed three separate proclamations imposing the new duties on selected Canadian imports. The White House said the action wa…
Seoul, July 13 (IANS) South Korea’s exports jumped 53.9 per cent from a year earlier in the first 10 days of July, data showed on Monday, on the back of strong outbound shipments of semiconductor products.Outbound shipments reached US$29.8 billion in the July 1-10 period, compared with $19.3 billion tallied in the same period last year, according to the data from the Korea Customs Service, reports Yonhap news agency.It marked the highest figure for any 10-day period compiled by the customs agenc…
Vadodara, June 27 (IANS) The Gujarat government will bring together representatives from 10 districts, four partner countries and several international business organisations in Vadodara next week as it hosts the Central Gujarat edition of the Vibrant Gujarat Regional Conference (VGRC), aimed at promoting regional investment and industrial development.The VGRC will be held at GSFC University in Vadodara on June 29 and 30, bringing together government leaders, foreign delegations, industry bodies…
Bratislava, June 13 (IANS) Ahead of Prime Minister Narendra Modi’s official visit to Slovakia, the Indian diaspora expressed their eagerness for growing opportunities calling the visit “a positive sign”.”It’s a kind of privilege and historical moment for us, and we are so happy that PM Narendra Modiji is… spending some time for us,.. a large number of our people are already working in skill sectors, especially in automobiles and other sectors and in future, it will grow more. It’s a very pos…
New Delhi, June 9 (IANS) Indian equity markets ended higher on Tuesday, supported by late buying in select sectors such as PSU banks, financial services, and automobiles, while improving global risk sentiment also aided investor confidence.The benchmark indices closed in the green, with the Nifty rising 119.10 points, or 0.52 per cent, to settle at 23,242.10.The Sensex also gained momentum towards the fag end of the session and ended 394.50 points, or 0.54 per cent, higher at 73,918.76.Commentin…
Seoul, June 9 (IANS) The South Korean economy grew at the fastest pace in more than five years in the first quarter, supported by strong exports and solid domestic demand, central bank data showed on Tuesday.The real gross domestic product (GDP) rose 1.8 percent in the January-March period from the previous quarter, 0.1 percentage point higher than the earlier estimate, according to preliminary data from the Bank of Korea (BOK), reports Yonhap news agency.The reading marked the strongest quarter…
New Delhi, June 1 (IANS) India’s merchandise exports to Oman are officially targeted to grow by 50 per cent over the next three years, as the Comprehensive Economic Partnership Agreement (CEPA) with the Gulf nation came into force on Monday.The agreement aims to drive merchandise exports from the baseline of roughly $4.06 billion past the $6 billion mark, with a medium-term goal of reaching $10 billion.Oman has offered zero-duty access on 98.08 per cent of its tariff lines, covering 99.38 per ce…
New Delhi, June 1 (IANS) India’s consumption and economic activity, because of strong domestic demand momentum, remained robust in early period of FY27, with goods taxable supply rising 27 per cent and services expanding 22.2 per cent in April, according to government sources on Monday.Taxable supply across goods sectors grew 26.9 per cent year-on-year to Rs 40.10 lakh crore in April 2026 from Rs 31.61 lakh crore a year ago, with all 27 commodity groups registering positive growth, according t…
New Delhi, May 31 (IANS) India-Oman Comprehensive Economic Partnership Agreement (CEPA) offering zero duty access to a range of Indian labour-intensive exports, will kick in from Monday.The Finance Ministry on Sunday issued notification on duty concessions on Omani goods under trade pact with India, which will come into effect from June 1.India and Oman signed the Comprehensive Economic Partnership Agreement (CEPA) in December last year during Prime Minister Narendra Modi’s visit to Muscat.Par…