New Delhi, July 27 (IANS) The government has undertaken a range of measures to ensure availability of critical industrial inputs including energy, ease input cost pressures, facilitate trade, support industrial activity and safeguard macroeconomic stability in the wake of supply chain disruptions due to the West Asia crisis, the Parliament was informed on Monday.Temporary customs duty exemption was provided on selected petrochemical feedstock. Further, the Bharat Maritime Insurance Pool RELIEF (…
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New Delhi, July 20 (IANS) India’s Index of Core Industries (ICI) recorded a 5 per cent growth in June this year compared with the same month of the previous year, driven by a surge in the production of iron ore, electricity and cement, according to the new series data released on Monday. The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), has released the revised series of the ICI with the Base Year 2022-23 for the first time. The new series wil…
Bhopal, July 20 (IANS) The monsoon session of the Madhya Pradesh Assembly commenced on Monday with a protest by Congress MLAs inside the Assembly premisesLed by Leader of the Opposition Umang Singhar, Congress legislators staged a demonstration against the government’s alleged failure to address farmers’ distress, particularly the shortage of fertilisers and seeds for the ongoing Kharif season and inadequate drought relief measures.Congress MLAs wore symbolic masks depicting Chief Minister M…
Hyderabad, June 29 (IANS) Telangana Minister Ponnam Prabhakar on Monday ploughed the field and sowed seeds on the occasion of Eruvaka Purnima, which marks the beginning of the new agricultural season.The Minister for Transport and Backward Classes Welfare joined the farmers to sow seeds, thus inaugurating agricultural activities.Prabhakar participated in the activity in Kurella village of Koheda Mandal, Husnabad constituency, Siddipet district, thereby inaugurating kharif agricultural activities…
Guwahati, June 7 (IANS) The Northeast Frontier Railway (NFR) sustained its robust freight operations during the early months of the 2026-27 financial year, unloading 1,034 freight rakes in May and reaffirming its vital role in ensuring the seamless movement of essential commodities across the Northeast, railway officials said on Sunday. NFR’s Chief Public Relations Officer (CPRO) Kapinjal Kishore Sharma said that during the month of May, 1,034 freight rakes were unloaded across the zone, marking…
New Delhi, June 4 (IANS) India- Oman Comprehensive Economic Partnership Agreement (CEPA) carries strategic value beyond trade by offering mechanisms to mitigate risks tied to the Strait of Hormuz, a report has said.Oman’s unique geographic position, stretching from the Arabian Sea to areas adjacent to the Hormuz choke point, and its port and logistics infrastructure provide India with alternative maritime access points, the report from India Narrative said.”This also allows New Delhi to engage…
Mumbai, June 4 (IANS) Commerce and Industry Minister Piyush Goyal said on Thursday India is actively expanding its global trade network, with the Oman free trade agreement (FTA) coming into effect from June 1, and another two to three more significant FTAs are scheduled to become operational in the next six months.“Over the next year, around three to four more major FTAs will be executed, and in the next 9–10 months, all nine FTAs currently in the pipeline are expected to come into effect. O…
New Delhi, 1 June (IANS) The Government of India has received ₹2,12,679 crore, which represents 5.8 per cent of the total receipts for the corresponding BE 2026–27, for April this year. This comprises ₹1,78,492 crore of tax revenue (Net to Centre), ₹24,293 crore of non-tax revenue, and ₹9,894 crore of non-debt capital receipts on account of loan recoveries, according to a finance ministry statement issued on Monday. The monthly review of the Centre’s accounts also shows that ₹87,77…
New Delhi, May 3 (IANS) Amid rising global concerns over oil price volatility and the ongoing Middle East conflict, Morgan Stanley has struck an optimistic note on India, identifying the turbulence as a catalyst for long-term investment growth. In its latest report, the global brokerage has upgraded its outlook for India’s investment cycle, projecting the investment-to-GDP ratio to climb to 37.5 per cent by FY30, up from its earlier estimate of 36.5 per cent.This upward revision translates int…
New Delhi, April 30 (IANS) India is likely to see an incremental cumulative capex of $800 billion over the next five years across defence, data centres and energy transition due to the Middle East conflict and its investment‑rate will touch 37.5 per cent of GDP in FY2030, a report said on Wednesday.The report from Morgan Stanley said about 60 per cent of the incremental capex is likely to be allocated to energy transition, data centres and defence.”In this context, we remain constructive on In…