India needs 10 million new jobs annually to sustain 6.5% GVA growth through FY30: Goldman Sachs report
India will require approximately 10 million new jobs each year from FY25 to FY30 to maintain an average GVA (Gross Value Added) growth of 6.5 per cent annually, according to a Goldman Sachs report. Incentivising affordable housing developments could stimulate the real estate sector, which employs over 80 per cent
India’s forex kitty at $684.8 bn, gold reserves go up, CFO News, ETCFO
New Delhi, Nov (IANS) Amid persistent selling of shares in the stock market by foreign institutional investors (FII) and growing geopolitical tensions, India’s foreign exchange reserves posted a $3.46 billion drop to stand at $684.8 billion in the week ended October 25, data released by the Reserve Bank of India
IAF to outsource some MRO facilities to industry for the first time
For the first time, the Indian Air Force (IAF) is moving ahead with a plan to outsource some of its maintenance and overhaul facilities to the indigenous industry. This would include incubating private players to impart the know-how on managing back shops and offering aircraft body paint shop infrastructure at
Storage in India’s key reservoirs unchanged for 4th week in a row
The storage in India’s 155 major reservoirs remained unchanged for the fourth week in a row at 87 per cent of the capacity with 90 of them filled over 90 per cent. Data from the Central Water Commission (CWC) showed that the storage in major reservoirs this week was 156.863
WTO SPS Agreement: India proposes work programmes on recognition of regional conditions
To deal with the problem of rejection of agriculture export consignments due to stringent quality norms of some countries, India has proposed that the WTO should launch work programmes on recognition and harmonisation of regional conditions, improving members’ understanding on areas of low pest or disease prevalence and creating a
Air India commences A350 services on Delhi-JFK route
Tata Group-promoted Air India introduced its flagship A350-900 aircraft on daily, non-stop flights between Delhi and New York’s John F. Kennedy International Airport (JFK), the airline said on Friday. The new A350-operated route indicated that the airline will introduce a ‘5x weekly’ service from Delhi to Newark’s Liberty International Airport
Big boost to rice procurement in second fortnight of October, Central purchase reaches 84 lakh tonnes
A big jump in procurement in Punjab and Haryana during second half of October in 2024-25 season (October-September) has helped the government narrow the difference with the rice purchased year-ago. The official rice procurement reached 84.24 lakh tonnes (lt) so far, down by 20 per cent from 105.51 lt until
Festival demand lights up economy, GST mop-up needs pace
Key high frequency economic indicators on Friday showed a latent momentum in the economy. While passenger vehicles retail sales surged 20 per cent in October, consumption of auto and jet fuel rose between 0.8 and 9 per cent. In the same month, registration of e vehicles jumped 55 per cent
Blue Pearl, a new fish farmer producer company launched in Kodungallur
The fisheries sector is booming and is rightly regarded as the sunrise sector of the India’s economy, said George Kurian, Union Minister of State for Fisheries, Animal Husbandry, Dairying. Highlighting the rapid growth of the fisheries sector, the Minister said the Centre has outlined several schemes dedicated to strengthening the
US puts 19 Indian entities on sanctions list for ‘enabling’ Russia’s war against Ukraine
The US has announced sanctions against 19 private entities from India and two Indian nationals, which featured in a list of nearly 400 entities and individuals sanctioned from across the world, for “aiding” Russia’s war against Ukraine. The US State Department’s decision to target a significantly large number of Indian