India will become Atmanirbhar if attention is paid to 15 sectors, claims ASSOCHAM

India will become Atmanirbhar if attention is paid to 15 sectors, claims ASSOCHAM

New Delhi: If the goal of making India Atmanirbhar (Self-Reliant) has to be achieved, special attention must be provided to 15 sectors. The Associated Chambers of Commerce and Industry of India (ASSOCHAM), the apex organisation of the entrepreneurs in the country, claimed that if the production capacities in these sectors are increased, the country can […]

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Government announces significant package for MSME sector, loan assistance of ₹3 lakh crores

Government announces significant package for MSME sector, loan assistance of ₹3 lakh crores

New Delhi: The details of the economic package of ₹ 20 lakh crores, announced by Prime Minister Narendra Modi, were given by Finance Minister Nirmala Sitharaman on Wednesday. The Prime Minister had said that the cottage, home, micro, small and medium industries, employing millions of people, are the firm foundation of the ‘Self-reliant India Campaign’. […]

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13 public sector banks in profit, claims Union Finance Minister

13 public sector banks in profit, claims Union Finance Minister

New Delhi: The measures taken by the government for the public sector banks reeling under the pressures of non-productive loans, have been implemented successfully as Union Finance Minister Nirmala Sitharaman claimed that 13 banks had declared profits in the first six months of this year. The Finance Minister gave this information after the meeting with […]

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The decline in the Indian economy worrisome, warns IMF

The decline in the Indian economy worrisome, warns IMF

New Delhi/Washington: Chief Economist of the International Monetary Fund (IMF), Geetha Gopinath, met Indian Prime Minister Narendra Modi and held talks. A few days ago, Geetha Gopinath had expressed concerns over the slowdown in the Indian economy. Citing regulatory uncertainty as one of the significant reasons in the slowdown of the Indian economy, Geetha Gopinath […]

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India will become a USD 5 trillion economy by 2024-2025  

India will become a USD 5 trillion economy by 2024-2025  

New York: Indian Finance Minister Nirmala Sitharaman expressed faith, “India can become a USD 5 trillion economy by the year 2024-25. It is challenging but realisable.” Finance Minister Sitharaman was speaking at a function organised by the renowned University of Columbia in the United States. Nirmala Sitharaman pointed out that the progress of the Indian […]

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Finance Minister makes important announcements to increase the economic growth rate, incentive schemes for export and housing sector

Finance Minister makes important announcements to increase the economic growth rate, incentive schemes for export and housing sector

New Delhi: Union Finance Minister Nirmala Sitharaman,announced some important decisions, given the reduced economic growth rate and the stunted growth rates in certain sectors. Special announcements have been made to incentivise the export and housing sector. These include financial assistance of ₹500 billion for the export and ₹100 billion for the housing sector. The Union […]

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Indian Prime Minister Modi confident India set to become a $5 trillion economy by 2024

Indian Prime Minister Modi confident India set to become a $5 trillion economy by 2024

New Delhi: Prime Minister Narendra Modi expressed confidence, ‘Although the goal to make India, a $5 trillion economy, by 2024, is very challenging, it can be achieved if appropriate cooperation is received from the Indian states.’ In his inaugural address at the fifth meeting of the planning commission NITI Aayog, Prime Minister Modi appealed to […]

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