Kathmandu, July 6 (IANS) Nepal’s economy is estimated to have expanded by 3.51 per cent in the third quarter of the current fiscal year 2025-26, as the country continues to struggle to emerge from a prolonged period of low economic growth. The projected growth for the quarter is lower than the 4.05 per cent recorded during the corresponding quarter of the previous fiscal year 2024-25, Nepal’s National Statistics Office (NSO) said in a statement. Current fiscal year is ending in mid-July.In fact,…
Latest Manufacturing Sector News & Updates
New Delhi, June 30 (IANS) The Centre on Tuesday decided to extend the full Customs Duty exemption on the import of critical petrochemical products by another 15 days, allowing the relief to continue until July 15, 2026. The exemption, which was earlier scheduled to expire on 30 June 2026, will remain applicable to the same list of petrochemical products notified previously.The duty exemption was introduced as a temporary and targeted measure in response to the conflict in West Asia, which disrup…
New Delhi, June 28 (IANS) India’s industrial production clocked a 5.1 per cent growth in May this year compared to the same month of the previous year on the back of a strong growth in the manufacturing sector and a surge in the electricity & gas supply sector during the month, according to the new series data released by the Ministry of Statistics on Monday.The industrial growth rate accelerated in May from 4.9 per cent in April.The manufacturing sector, which accounts for more than three-f…
New Delhi, June 20 (IANS) India needs a “new independence movement” aimed at reducing the country’s dependence on foreign capital, imported energy, defense equipment and overseas technology as rising geopolitical tensions and growing protectionism reshape the global economy, according to a strategy report released by Kotak Institutional Equities.The report argues that changing global trade dynamics, increasing geopolitical conflicts, resource nationalism and tighter restrictions on technol…
New Delhi, June 19 (IANS) Prime Minister Narendra Modi on Friday announced that he will attend a programme at Vigyan Bhawan in New Delhi at 5 p.m., where incentives worth around Rs 2,400 crore will be distributed under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY). PM Modi took to the social media platform ‘X’ and said, “At 5 PM today, will attend a programme where incentives worth around Rs. 2400 crore will be distributed under the Pradhan Mantri Viksit Bharat Rozgar Yojana. This is …
New Delhi, June 19 (IANS) Prime Minister Narendra Modi will distribute incentives worth around Rs 2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) at a special programme to be held at Vigyan Bhawan on Friday.The scheme has facilitated the creation of around 15 lakh employment opportunities across the country since its launch, according to the Prime Minister’s Office (PMO).It has been designed to incentivise both employees and employers to join and participate in the for…
New Delhi, June 7 (IANS) Private sector investment activity witnessed a significant surge in FY26, with investment announcements rising to Rs 56 lakh crore from Rs 37 lakh crore in the previous financial year, according to a report by State Bank of India Research. The sharp increase comes amid ongoing debates over the pace of private capital expenditure and suggests growing confidence among businesses in the country’s economic prospects.In its latest Ecowrap report, SBI Research noted that priva…
New Delhi, June 1 (IANS) Industry leaders on Monday lauded steady growth of Index of Industrial Production (IIP) for April despite severe global headwinds and rising input costs amid the West Asia crisis.The growth of capital goods at 16 per cent is significantly strong and indicating an enhanced investment and strong aggregate demand in the country, said Nirmal Kumar Minda, President, Assocham.“High growth of intermediate goods at 7.7 per cent, infrastructure/construction goods at 7.1 per cen…
New Delhi, June 1 (IANS) India’s industrial production clocked a 4.9 pc growth in April this year, compared to the same month of the previous year, propelled by a robust growth in the manufacturing sector, according to the new series data with base year 2022-23 released by the Ministry of Statistics on Monday.The manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), posted an impressive 6.2 per cent growth during April compared to the sam…
New Delhi, May 29 (IANS) The Bharat Audyogik Vikas Yojana (BHAVYA) scheme aims to create investment-ready industrial parks that can rapidly attract industries, generate employment and strengthen India’s manufacturing ecosystem, DPIIT Secretary Amardeep Singh Bhatia said on Friday.Addressing the gathering during a workshop organised by the National Industrial Corridor Development Corporation (NICDC) here, Bhatia said the success of the BHAVYA scheme would not be measured merely by infrastructur…