Category: Economy

With these latest approvals, over 3,700 startups have now benefited from the scheme since its launch. As per a Commerce Ministry statement, the approvals came during the 79th and 80th meetings of the Inter-Ministerial Board (IMB), with 75 startups cleared in the 79th meeting and 112 in the 80th, held on 30 April. The Department […]

Over the past two decades, Pakistan’s economic lead over Indian states like Tamil Nadu and Maharashtra has diminished significantly. In 2004-05, Pakistan’s GDP was $132 billion, while Tamil Nadu’s GSDP was only $48 billion. By 2023-24, Tamil Nadu’s GSDP has nearly equalled Pakistan’s GDP, reaching $329 billion, highlighting a growing economic divergence. Pakistan’s economic position, […]

Maharashtra, Gujarat and Karnataka lead India’s States in overall performance, according to a CareEdge Ratings study evaluating economic, fiscal and other key parameters. Western States excel in finance and economy, while Southern states perform strongly in environment and governance. Goa tops the smaller States category, showcasing robust social development indicators. Maharashtra, Gujarat and Karnataka are […]

Among a slew of announcements made by the Minister is a Taiwanese Industrial Park, which will come up near Chennai with a potential to attract ₹10,000 crores and provide jobs to nearly 20,000 persons. With a significant share of the FDI into the State coming from Taiwan, Tamil Nadu is set to establish a Taiwanese […]

Barely a month after the Reserve Bank of India (RBI) warned of a contagion, lenders, especially non-bank financiers, have also started witnessing stress in their collateral-backed secured loan books. Early signs of stress are visible in micro-loans against property (micro-LAP), and lending for two-wheelers and some other vehicle categories, according to experts. It is more […]

India has made strides in boosting domestic electronics manufacturing, with programmes like Make in India and Digital India playing crucial roles. The domestic production of electronic goods grew significantly, with a remarkable reduction in smartphone imports. However, the industry has focused primarily on assembly, with limited advancements in design and component manufacturing, representing only 4% […]

Net profit of ICICI Lombard General Insurance Company rose 67.89% to Rs 724.38 crores in the quarter ended December 2024 as against Rs 431.46 crores during the previous quarter ended December 2023. Sales rose 17.20% to Rs 5045.17 crores in the quarter ended December 2024 as against Rs 4304.81 crores during the previous quarter ended […]

More than 1.7 million employees have opted for a higher pension under the Employees’ Pension Scheme (EPS-95) following a landmark Supreme Court ruling. The ruling allows eligible employees to contribute to the scheme based on their actual salary, rather than a fixed cap. The EPS-95, a social security scheme for organized sector employees, has traditionally […]

Ahmedabad: Gujarat, known for its industrial prowess, faces a stark challenge with the closure of 5,974 micro, small, and medium enterprises (MSMEs) between July 2020 and November 2024. Data from the Union Ministry of Commerce and Industries, presented in Parliament, places Gujarat third in MSME closures after Maharashtra (15,220) and Tamil Nadu (7,894) during the […]

Mr. Goyal said that the district master plan will be expanded to cover more than 750 districts across the country in the next 18 months. Commerce and Industry Minister, Mr. Piyush Goyal on Tuesday launched a district master plan under the PM Gati Shakti initiative for infrastructure planning in 27 aspirational districts of the country. […]