New Delhi, March 19 (IANS) The government on Thursday launched a new scheme called Resilience and Logistics Intervention for Export Facilitation (RELIEF) to help Indian exporters deal with disruptions caused by the ongoing crisis in West Asia, aiming to ensure smooth trade and protect the country’s market share.Commerce Secretary Rajesh Agrawal announced the RELIEF scheme, saying it is part of the government’s broader Export Promotion Mission.He described it as a carefully designed support p…
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New Delhi, March 18 (IANS) Calling it a “big boost to India’s manufacturing push”, Prime Minister Narendra Modi on Wednesday said the Union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA), a major initiative to develop 100 plug-and-play industrial parks across the country. The scheme is aimed at strengthening industrial infrastructure, attracting fresh investments, and creating large-scale employment opportunities while improving ease of doing business through faster approval…
New Delhi, March 18 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Bharat Audyogik Vikas Yojna (BHAVYA) with an allocation of Rs 33,660 crore for developing 100 plug-and-play industrial parks across the country — aimed at accelerating economic growth and creating more jobs.The scheme aims to develop world-class industrial infrastructure, unlocking the country’s manufacturing potential and driving India’s growth story, according to an official st…
New Delhi, March 18 (IANS) The decline in India’s unemployment rate to 4.9 per cent in February reflects an encouraging shift in the rhythm of hiring. Employment creation is no longer locked within a handful of urban hubs or select industries.February’s gains were spread across manufacturing, construction, retail, logistics, and agriculture — a sign that recovery is broad based and reaching both rural and urban India, according to an article in India Narrative.The government’s capital ex…
New Delhi, March 17 (IANS) India’s services sector, now contributing about $2.2 trillion to gross domestic product (GDP), is expected to grow to about $6 trillion by 2035, implying a compound annual growth rate (CAGR) of about 10.6 per cent, a report said on Tuesday.The huge surge will increase services’ share of GDP to nearly 60 per cent while it currently accounts for about 55 per cent of GDP, the report from OmniScience Capital said.The report highlighted the growing dominance of India’…
Washington, March 12 (IANS) Senior Pentagon commanders told senators on Thursday that the United States is sustaining a large and complex military effort stretching from Europe to the Middle East, relying heavily on allied support, commercial transport networks and ageing but capable mobility fleets.Testifying before the Senate Armed Services Committee, Gen. Alexus Grynkewich of US European Command and Gen. Randall Reed of US Transportation Command described how the U.S. military is moving force…
Mumbai, March 11 (IANS) Alternative Investment Funds (AIFs) have emerged as an important pillar of India’s capital markets and are increasingly playing a key role in financing sectors that strengthen the country’s economic resilience, the Securities and Exchange Board of India (SEBI) Chairman, Tuhin Kanta Pandey, said on Wednesday.Speaking at the ‘IVCA Conclave 2026’ here, Pandey said AIFs are no longer on the margins of the financial system but are becoming a crucial channel linking private…
New Delhi, March 10 (IANS) Job postings in India rose 3.3 per cent in January 2026 and remain 84 per cent above pre-pandemic levels, with demand increasing across 90 per cent of occupations, a report said on Tuesday.The report from jobs site Indeed said AI-related postings are rising quickly, with 55 per cent of occupational categories now referencing AI, up from 36 per cent a year earlier.Nearly half of employers said hiring volumes in Q3 FY25–26 remained the same as of the last quarter, whil…
New Delhi, March 9 (IANS) A sustained rise in crude oil prices due to the US-Iran war will benefit upstream oil exploration companies, energy infrastructure companies and select refineries while pressuring oil‑sensitive sectors such as aviation, paints, tyres, chemicals and logistics, a report said on Monday.Apart from these sectors, the report from Axis Securities recommended overweight positions also in defence and infrastructure, adding that stocks in less oil-sensitive sectors such as bank…
New Delhi, March 7 (IANS) The government on Saturday extended the deadline for fulfilling export obligations under certain export promotion schemes to August 31, 2026, to help exporters facing disruptions in global trade and shipping routes.The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, announced the decision through a public notice.The move comes amid ongoing geopolitical developments that are affecting global shipping routes, logistics corridors a…