New Delhi, May 29 (IANS) Factory closures and job losses have hit China’s toy industry amid weakening global demand, rising production costs and ongoing supply chain disruptions, a report has said.According to an analysis of PML Daily, the industry — which was once a key pillar of China’s export manufacturing base — reportedly facing one of its most severe downturns in decades, with orders falling sharply across multiple production hubs. Manufacturers are increasingly under pressure from h…
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Chennai, Feb 16 (IANS) Tamil Nadu can achieve its ambitious $1-trillion economy milestone by 2031 if it sustains its 2024-25 nominal growth rate of 16 per cent, according to the Economic Survey of Tamil Nadu 2025-26. The projection assumes a medium-term 2 per cent annual appreciation in the value of the US dollar against the rupee.If the dollar strengthens at a higher short-term rate of 3.5 per cent annually, the milestone could be delayed by a year, the Survey noted.The 263-page report, prepare…
New Delhi, Jan 1 (IANS) Under the Credit Guarantee Scheme for Exporters (CGSE), 1,788 applications amounting to Rs 8,599 crore have been received till December 31, out of which a total of 716 applications have been sanctioned amounting to Rs 3,141 crore, which reflects a strong confidence among exporters and MSMEs, the government said on Thursday.CGSE scheme is open till March 31, 2026 or until guarantees of value upto Rs 20,000 crore are issued. The scheme is being implemented by Department of …
Washington, Dec 23 (IANS) The United States and India must conclude a long-pending trade agreement to unlock deeper economic integration and reinforce business confidence on both sides, Atul Keshap, President of the US-India Business Council (USIBC), said following a recent visit to India. Keshap said he travelled to India with USIBC Chair Ed Knight to hear directly from Indian leaders and businesses about their views on America, trade negotiations and investment flows.“We wanted to hear from …