New Delhi, July 16 (IANS) The government will extend financial support to airlines operating under the UDAN regional connectivity scheme from three years to five years in a phased manner to improve the viability of regional routes, Union Minister of Civil Aviation Ram Mohan Naidu said on Thursday.On the sidelines of a UDAN workshop, the minister told reporters that the revamped scheme — which has been extended for another 10 years — will also widen the eligibility criteria for airports to rece…
Latest Tier 3 Cities News & Updates
Kalaburagi, July 7 (IANS) Karnataka Chief Minister D.K. Shivakumar on Tuesday said the state government will examine the demand for a farm loan waiver, while acknowledging that implementing such a measure is not easy. He also announced that the government has set a six-month deadline to fill 72,000 vacancies across key departments and unveiled a series of initiatives aimed at boosting employment, strengthening rural education and improving revenue administration.Addressing a press conference aft…
New Delhi, June 26 (IANS) The domestic grocery market could reach about $992 billion by FY30, while roughly 91 per cent of purchases still continue to flow through stores (kiranas), leaving a large untapped digital opportunity in the country, a report said on Friday.The report from Redseer highlighted that over 150 million Bharat households are expected to account for more than $1 trillion in annual consumption by FY30, with groceries their largest spending category, and that e‑commerce today …
New Delhi, June 25 (IANS) India’s asset and wealth management industry is projected to reach $1.7 trillion in assets under management by 2030, up from $0.9 trillion in 2024, implying a compound annual growth rate of 11.6 per cent, a report said on Thursday.The growth in asset and wealth management industry is driven by parallel growth in institutional capital pools and retail financialisation, the report from PwC said.It further highlighted that India’s rapid growth outlook sits within a broad…
New Delhi, June 19 (IANS) Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Friday said the global semiconductor industry is facing a talent shortage of around 10 lakh professionals, presenting a major opportunity for India to emerge as a key supplier of skilled manpower for the sector.Speaking at the Software Technology Parks of India (STPI) centre in Patna, the minister said the global semiconductor industry is currently valued at around $800 billion and is expected…
New Delhi, June 11 (IANS) India’s portfolio management services (PMS) industry — which manages assets worth around Rs 42 lakh crore and serves more than 2.1 lakh investor accounts — is at a defining inflection point and has the potential to emerge as a major pillar of the country’s investment ecosystem, a senior Securities and Exchange Board of India (SEBI) official said on Thursday.Speaking at the APMI Leadership Conclave 2026, Manoj Kumar, Executive Director, SEBI said the next phase of grow…
New Delhi, May 19 (IANS) Commerce and Industry Minister Piyush Goyal on Tuesday chaired a review meeting on Startup India Fund of Funds 1.0 and 2.0 to discuss strategies for strengthening India’s startup and innovation landscape.Deliberations focused on enhancing support for deep-tech, innovation-driven and manufacturing startups, expanding access to capital, encouraging greater private sector participation and promoting inclusive growth across Tier 2 and 3 cities, said the minister on X.“Also…
Gandhinagar, May 17 (IANS) Union Commerce and Industry Minister Piyush Goyal on Sunday said that India’s annual output of around 14 lakh STEM graduates had become one of the country’s biggest advantages in technology, manufacturing and innovation. Speaking at the inauguration of the Innovation and Incubation Centre at the National Institute of Design (NID) in Gandhinagar, Goyal said India’s growing pool of scientists, engineers and technology professionals was attracting global investment …
Surat, April 29 (IANS) Gujarat is set to place South Gujarat at the centre of its next phase of economic expansion as it hosts the Vibrant Gujarat Regional Conference (VGRC) on May 1 and 2 at AURO University in Surat, alongside a parallel focus on global finance through GIFT City and emerging investment opportunities in Global Capability Centres. The conference is expected to bring together policymakers, industry leaders, startups and international stakeholders to examine the role of innovation,…
New Delhi, April 25 (IANS) Government officials, regulators and industry leaders called for a secure, resilient and AI-driven digital ecosystem, powered by next-generation telecom networks and emerging technologies such as 5G, it was announced on Saturday.The ‘COAI DigiCom Summit 2026’ saw wide participation from stakeholders across the ecosystem, who engaged in discussions on policy, innovation and collaboration to drive the next phase of India’s digital growth.Addressing the issue of digital…