India’s mobility market to double by 2030, driven by EVs and digital transformation
India’s mobility industry is poised to double and cross $600 Bn by 2030, according to the Think Mobility Report by Google and Boston Consulting Group (BCG). The report highlighted that growth in the sector will be driven by both traditional and emerging revenue pools, departing from global trends. It also
₹67 cr budgetary allocation likely to tackle issues related to diseases in areca plants
The Central government is likely to earmark ₹67 crore in the coming budget to implement the recommendations of the committee that studied issues arising from diseases in arecanut plantations. The Centre has asked the Karnataka government to earmark its share to tackle this issue. Addressing an arecanut growers’ meeting in
India’s economic growth poised to rebound as demand picks up: RBI bulletin, ETCFO
Mumbai, Jan 18 (IANS) India’s economic growth is poised to rebound as domestic demand regains strength reflecting a resilience in consumption, supported by brighter agricultural prospects,” according to the RBI’s monthly bulletin for January. Mumbai, India’s economic growth is poised to rebound as domestic demand regains strength reflecting a resilience
Government may introduce new income tax bill in Budget session
The government, in the ensuing Budget session of Parliament, is likely to introduce a new income tax bill which seeks to simplify the current I-T law, make it comprehensible and reduce the number of pages by about 60 per cent. Finance Minister Nirmala Sitharaman in her July Budget had announced
Centre to back auto industry’s global leadership: PM Modi at Bharat Mobility Expo
Prime Minister Narendra Modi on Friday said that the Centre has given all the support to the automobile industry and they can expect more in the coming years as India becomes a leading automobile market in the world. Speaking at the inaugural session of the Bharat Mobility Global Expo 2025
India targets ₹1 lakh crore export earnings from fish, fishery products
India has set an ambitious target of achieving ₹1 lakh crore earnings through the export of fish and fishery products, according to George Kurian, Union Minister for Fisheries, Animal Husbandry and Dairying. Last year, the country achieved an impressive total income of ₹63,000 crore through the export of fish and
Gem, jewellery exports dip on weak demand
Gem and jewellery export dipped 10 per cent last month to $1.97 billion against $2.19 billion on back of geopolitical tension and global economic slowdown. In rupee terms, it plunged to ₹16,719 crore (₹18,270 crore), as per the Gems and Jewellery Export Promotion Council data. With the looming economic uncertainty,
Texmaco Rail looks to increase share of revenue from non-govt sector in overall wagon business
Rail solution provider Texmaco Rail & Engineering is looking to increase the share of revenue coming from the non-government sector in its overall wagon manufacturing business going forward. Presently, around 80 per cent revenue of the Kolkata-based company comes from its rolling stock division, while the remaining 20 per
India’s growth forecast cut by IMF to 6.5% for FY25; FY26 outlook steady
The International Monetary Fund (IMF) on Friday lowered India’s growth forecast to 6.5 per cent for the current fiscal year (2024-25 or FY25) as against 7 per cent estimated in October. Meanwhile, it has maintained the growth projection for the next two fiscal years (2025-26 or FY26 and 2026-27 or
Centre taking pre-emptive steps to maintain stable food price
The Centre said it is closely monitoring the prices and availability of essential food commodities to ensure affordability to the consumers and to maintain a stable price regime. The Food Ministry, in a statement, said production of pulses and onion in 2024-25 is estimated to have increased over last year