Business & Economy

July 22, 2024 5:17 PM

India to remain fastest growing major economy in 2024-25, says CEA Nageswaran

India is poised to remain the fastest-growing major economy in 2024-25, Chief Economic Adviser V Anantha Nageswaran stated in a press conference after the tabling of the Economic Survey in Parliament on Monday. The Economic Survey projects India to grow at a rate of 6.5-7.0 percent in 2024-25. Glob...

July 22, 2024 4:20 PM

India to seek licences to scout Pacific Ocean for critical minerals

India will apply for licences to explore for deep-sea minerals in the Pacific Ocean as it competes to secure supplies of minerals critical for energy transition technologies, a top government scientist told Reuters. The UN-backed International Seabed Authority (ISA) has issued 31 deep-sea explorati...

September 16, 2024 5:52 PM

Economic Survey 2024-25: Highlights

The Indian economy continues to expand, demonstrating resilience amid geopolitical challenges, according to the Economic Survey 2023-24. Here are the highlights from the survey, tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday: Growth Projection: GDP growth is projected at 6...

July 22, 2024 12:49 PM

Sensex, Nifty open lower ahead of Economic Survey and Union Budget

Indian benchmark indices declined in early trade on Monday, weighed down by selling pressure ahead of the Economic Survey later in the day and the Union Budget, which will be presented on Tuesday. Markets were also tracking Asian shares, which slid despite Wall Street futures gaining strength foll...

July 21, 2024 12:10 PM

EPFO reports record addition of 19.50 lakh members in May

The Employees’ Provident Fund Organisation (EPFO) added a record 19.50 lakh net members in May 2024, the highest since it began releasing payroll data in April 2018. This marks a 19.62% increase compared to May 2023. Out of the total new additions, 9.85 lakh were new members, reflecting a 10.96% ...