New Delhi, Jan 24 (IANS) Prime Minister Narendra Modi on Saturday distributed more than 61,000 appointment letters to newly recruited youth at the 18th Rozgar Mela and addressed them through a video link, emphasising reforms, economic growth and the role of young people in nation building. “Today, you are receiving appointment letters for government services; in a way, this is an invitation letter for nation building,” the Prime Minister said, reminding the youth of their duty towards the Consti…
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Davos, Jan 24 (IANS) Chief Minister Devendra Fadnavis said Maharashtra arrived at Davos not just to participate, but also to lead, adding that the state’s participation at the World Economic Forum Annual Meeting 2026 marked a defining moment in the state’s global engagement. At Davos, CM Fadnavis said Maharashtra positioned itself as India’s growth engine, bold in ambition and strong in execution. Through high-level bilateral meetings and global discussions, the state clearly articulated a…
Mumbai, Jan 23 (IANS) India is projected to unlock $10–11 billion in additional exports to the European Union (EU) without creating new product capacity, by redirecting existing highly tariffed US-bound trade under the proposed India-EU Free Trade Agreement, a report showed on Friday.India’s top 15 product categories exported to the United States account for nearly 52 per cent share valued at around $45 billion. Of these, around $21 billion is concentrated in 12 categories that currently have …
New Delhi, Jan 22 (IANS) Ahead of the Union Budget 2026-27, industry experts on Thursday urged the government to boost the health spending, and grant GST exemption on lifesaving equipment and vaccines, especially for thalassemia and cancer patients.The Union Budget will be presented by the Finance Minister Nirmala Sitharaman on February 1 at 11 am.Citing the rising burden of non‑communicable diseases and cancers in the country, the expert urged the government to invest more deeply in public he…
United Nations, Jan 22 (IANS) Foreign Direct Investment (FDI) in India surged by 73 per cent last year, bringing in $47 billion, according to UNCTAD.The increase was “mainly due to large investments in services — including finance, IT (information technology), and R&D (Research and Development) — as well as manufacturing, supported by policies aimed at integrating India into global supply chains”, the UN trade agency said in a report released on Tuesday.India’s FDI growth rate was am…
New Delhi, Jan 21 (IANS) India is considering a significant relaxation of Foreign Direct Investment (FDI) rules in the defence sector, raising the automatic‑route ownership cap from 49 to 74 per cent for existing licensed defence firms and removing vague conditions that would reshape its defence landscape, a recent report has highlighted. “This policy shift aims to lure global manufacturers, fostering joint ventures and technology transfers to bolster domestic production,” observed an arti…
Amaravati, Jan 20 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Tuesday that there is no better investment destination than Andhra Pradesh.He invited industrialists to visit Andhra Pradesh and personally observe the policies implemented by the state government and the favourable conditions for investments. He urged them to make investment decisions only after witnessing the speed of doing business policies.The Chief Minister, who is attending the World Economic Forum annual m…
New Delhi, Jan 20 (IANS) The wave of reforms are likely to feature prominently in the Union Budget 2026-27, an HSBC report said on Tuesday, adding that given a slew of announcements in recent months, the government is in a mood for further reforms.The central government budget will be presented on February 1, followed closely by the RBI policy meeting on February 6.“We believe the government will focus on two pillars during such time – restraint and reforms,” the report mentioned.The repor…
New Delhi, Jan 17 (IANS) The world is financially retrenching from China, with foreign direct investment (FDI) flows falling more precipitously than to the rest of emerging markets (EM), according to Robin J Brooks, Senior Fellow at the US-based nonprofit Brookings Institution.In an article on online publishing platform Substack, he writes that the “narrative that China is impervious to US tariffs is wrong”.“You just have to look at the massive scale of trade diversion that’s happening t…
New Delhi, Jan 14 (IANS) India’s GDP will likely expand 7.5-7.8 per cent in the current fiscal (FY26), driven by festive demand and robust services activity, a report said on Wednesday.The report from Deloitte India, however, noted that the growth could moderate to 6.6–6.9 per cent in FY27 because of a high base and lingering global uncertainties.The business consultancy noted that real GDP grew 8 per cent in the first half of 2025–26 (April–September), underscoring the economy’s resilie…