New Delhi, Feb 8 (IANS) The Confederation of All India Traders (CAIT) said on Sunday that the Micro, Small, and Medium Enterprises (MSME) sector of India sees greater opportunities of business in the American market with the finalisation of the first tranche of the India-US trade deal. “This trade deal reached under the visionary and decisive leadership of Prime Minister Narendra Modi marks a major milestone in India’s journey towards becoming a global economic powerhouse comes as a boon for the…
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New Delhi, Feb 8 (IANS) The interim US trade deal framework supports India’s broader goal of crossing $120 billion in engineering exports in FY2025‑26, according to the industry.Moreover, according to the Engineering Export Promotion Council of India (EEPC), the tariff reduction also strengthens India’s journey toward the target of achieving $250 billion in engineering exports by 2030, “especially as better access to the US market is a key to reaching that milestone”.“The US being th…
Shillong, Feb 3 (IANS) Meghalaya Chief Minister Conrad Sangma on Tuesday said the state has strategically reoriented its economic approach towards building sustained, long-term partnerships, citing the creation of a strong trade ecosystem that has successfully elevated indigenous products such as local pineapples and curcumin-rich Lakadong turmeric into high-value exports in global markets. The Meghalaya government, in partnership with the Federation of Indian Export Organisations (FIEO), Minist…
Bhopal, Feb 3 (IANS) More digital investment, innovations, technology upgradation, and an increase in job creation, particularly for women, will gain further pace through Union Budget provisions, Madhya Pradesh Chief Minister Mohan Yadav said while speaking at a joint press conference with state BJP president Hemant Khandelwal here on Tuesday. Both leaders welcomed the Union Budget 2026-27 presented by Finance Minister Nirmala Sitharaman, and described the budget as welfare-oriented, inclusive, …
Chandigarh, Feb 2 (IANS) Describing the Union Budget as being inspired by the egalitarian philosophy of Guru Ravidas Maharaj, Punjab BJP President Sunil Jakhar on Monday said that it is a concrete step and a strong foundation towards building a “developed India”. He told the media here that AAP and the Congress, lacking an understanding of economics, have failed to grasp the true spirit of the Budget. He said Prime Minister Narendra Modi himself had stated yesterday (Sunday) that cities such…
New Delhi, Feb 1 (IANS) The Union Budget 2026–27 presents a strong and credible roadmap to enhance India’s competitiveness through fiscal discipline, structural reforms and targeted measures aimed at boosting private investment, industry representatives said on Sunday.Speaking to IANS, CII Punjab Chairman Amin Jain said the Budget includes several key announcements for the textile sector.“These include the development of mega textile parks, integrated plans for labor-intensive textile segm…
New Delhi, Feb 1 (IANS) Industry on Sunday hailed the Union Budget 2026–27 for adopting a steady and largely inclusive approach, reinforcing India’s manufacturing and technology ecosystem through policy continuity, scale, and targeted reforms.The sustained focus on electronics manufacturing, the launch of India Semiconductor Mission (ISM) 2.0, and the significant expansion of the Electronics Component Manufacturing Scheme (ECMS) reaffirm the government’s long-term commitment to building re…
Mumbai, Jan 28 (IANS) Indian banks are expected to witness credit growth at about 10–12 per cent compound annual growth rate (CAGR) over the next five years, higher than deposit growth of roughly 9–11 per cent, a report said on Wednesday.The report from Brickwork Ratings said credit‑to‑deposit ratios are likely to remain in the high‑70s to low‑80s range unless a major structural shift occurs. The rating agency said that retail, MSME and services will be key drivers of credit growth w…
New Delhi, Jan 28 (IANS) The free trade agreement (FTA) between India and the European Union (EU) unlocks access to the $572.3 billion EU pharmaceuticals and medical devices market, giving impetus to the Indian pharmaceuticals sector, according to the government.According to the Ministry of Chemicals and Fertilizers, this would enable pharma industries to scale, generate employment, and reinforce India’s positioning as a reliable partner in the pharmaceuticals sector underlining its growing st…
Hubballi (Karnataka), Jan 27 (IANS) Prime Minister Narendra Modi-led government has always provided a fair and due allocation to every state, including Karnataka, in the Union Budget and this time too, the Budget will focus on ensuring a just allocation to all states, Union Minister for Food, Consumer Affairs and Public Distribution Pralhad Joshi said. Speaking to the media in Hubballi on Tuesday, the minister said the Union government has paid attention to all sectors, including roads, industry…