India's GDP Growth Trajectory Points To 8% In FY24: Chief Economic Adviser

New Delhi, May 9 -- India's Chief Economic Adviser, V Anantha Nageswaran, expressed confidence that the nation's GDP growth could touch 8 per cent in the fiscal year 2023-24, surpassing earlier estima... Read More

India Need To Reorient Its Trade Focus On Asia As Its Share In World Trade To Reach 60% By 2030: FISME

New Delhi, May 9 -- As economic power continues to shift towards Asia, India is ramping up efforts to boost its exports and solidify its position as a major player in global trade. New data projects... Read More

Bangladesh Transhipment Crowd-out MSME Exporters Delaying Their Air Cargo

New Delhi, May 9 -- The Noida Apparel Export Cluster (NAEC), where 80 per cent of apparel production and export units are classified as Micro, Small and Medium Enterprises (MSMEs), has urged authoriti... Read More

India Defers Decision on Sugar Exports

New Delhi, May 9 -- India's government said on Wednesday it needs several more months to decide whether to allow sugar exports this year as it assesses domestic supply and demand. The world's second... Read More

Alarming Rise In Quantum Of Empty Space In Shopping Centres

New Delhi, May 8 -- India's retail real estate woes deepened in 2023 as the area occupied by ghost shopping centres - malls with over 40 per cent vacant leasable space - surged by a worrying 59 per ce... Read More

Indian Army To Indigenize 100% Ammunition Procurement By FY 2025-26

New Delhi, May 8 -- The Indian Army is set to cease importing ammunition from the next financial year, as the domestic industry has bolstered its production capabilities to meet the military's demands... Read More

India's Diesel & Petrol Exports Decline 20% To USD 33 Bn In 2023-24

New Delhi, May 8 -- India's exports of diesel and petrol witnessed a significant decline of 20 per cent year-on-year, amounting to USD 33 billion in the fiscal year 2023-24. This drop in export reven... Read More

Sri Lanka Inks 20-Year Power Deal with Adani Green Energy

New Delhi, May 8 -- Sri Lanka has entered into a 20-year power purchase agreement with India's Adani Green Energy Ltd for two wind power stations developed by the company, the government said on Tuesd... Read More

India Achieves Trade Surplus in Medical Disposables

New Delhi, May 8 -- In a significant milestone, India has become a net exporter of medical consumables and disposables like needles and catheters for the first time, Union Pharma Secretary Arunish Cha... Read More

FEMA Norms Relaxed By RBI To Boost Foreign Investment In Derivatives

New Delhi, May 8 -- In a move aimed at facilitating foreign investment in derivative instruments, the Reserve Bank of India (RBI) has amended the Foreign Exchange Management Act (FEMA) regulations, ea... Read More