Business Economy India News

“India’s Mega Leap: 12 Smart Cities, 10 Lakh Jobs Set to Revolutionize Industry”

New Delhi: In a landmark decision, the Union Cabinet, led by Prime Minister Narendra Modi, has approved the creation of 12 cutting-edge industrial smart cities across 10 states, a move poised to transform India’s industrial landscape. Announced by Union Minister Ashwini Vaishnaw, this ambitious project is a significant push towards bolstering manufacturing capabilities, enhancing economic Read More…

Economy India News

Sebi Slams Paytm for IPO Misrepresentation, Shares Plummet

Paytm’s founder and board members face show-cause notices over alleged violations. In a major setback for Paytm, the Securities and Exchange Board of India (SEBI) has issued show-cause notices to the company’s founder, Vijay Shekhar Sharma, and its board members for alleged misrepresentation of facts during its initial public offering (IPO) in November 2021. The Read More…

Economy India News

India’s Business Activity Remains Strong in August

New Delhi: India’s robust economic growth continued in August, as a stronger services sector offset a slight slowdown in manufacturing expansion. This positive trend suggests that India will maintain its position as the world’s fastest-growing major economy despite global economic uncertainties. According to the HSBC’s flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Read More…

Economy India International

NRI’s deposits touch to Rs 2,16,893 crore in 2023

By  our  Financial correspondent Thiruvananthapuram, June 17  (IVC)    The total remittance from the migrants   touched    to  a  record  amount  of Rs 2,16,893  crore  in  2023  as  against Rs 85,092  crore in 2018, marking  an  increase of  54.9  per  cent , strengthening and stabilizing Kerala’s economy , according to the findings of  the kerala migration survey Read More…

Economy India

Nirmala Sitharaman assumes charge as the Union Minister for Finance and Corporate Affairs

. Nirmala Sitharaman assumed charge today as the Union Minister of Finance & Corporate Affairs in New Delhi. Smt. Sitharaman was greeted at the office in North Block by Finance Secretary Dr. T.V. Somanathan and other Secretaries of the Ministry of Finance and Corporate Affairs. She expressed her sincere gratitude to Prime Minister Shri Narendra Read More…

Economy India

₹1,68,337 crore gross GST revenue collected during February 2024; records Year-on-Year (Y-o-Y) growth of 12.5%

Gross Goods and Services Tax (GST) revenue collected for February 2024 is ₹1,68,337 crore, marking a robust 12.5% increase compared to that in the same month in 2023. This growth was driven by a 13.9% rise in GST from domestic transactions and 8.5% increase in GST from import of goods. GST revenue net of refunds for February 2024 Read More…

Economy India

“Modern connectivity is the way to build a prosperous and strong nation”: Prime Minister.

Dwarka: Narendra Modi laid the foundation stone and dedicated to the nation multiple development projects worth more than Rs 4150 crores in Dwarka, Gujarat today. The Prime Minister dedicated to the nation Sudarshan Setu connecting Okha mainland and Beyt Dwarka, pipeline project at Vadinar and Rajkot-Okha, Rajkot-Jetalsar-Somnath and Jetalsar-Wansjaliya Rail Electrification projects. He laid the Read More…

Economy India International

PM Modi and Qatar’s Amir Discuss “Futuristic Roadmap” to Deepen Partnership

*Leaders Deliberate on Strengthening Bilateral Ties in Doha Meeting Doha, Qatar, February 15 – Indian Prime Minister Narendra Modi and Qatar’s Amir, Sheikh Tamim bin Hamad Al Thani, engaged in discussions today to chart a “futuristic roadmap” aimed at enhancing the partnership between the two nations. The meeting, held in Doha, covered a wide range Read More…