Business

World commerce gala’s on playing cards sectoral targets for $1 trillion exports by ’30

India is mulling mega trade fairs for food, textiles and auto components, on the lines of Messe Frankfurt, Gulfood and Canton Fair, to achieve 12% growth in goods exports by 2030. These suggestions figured in a meeting held by commerce and industry m..

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Demand for NREGS work up on subdued farm actions

Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) increased in June from a year before, a possible sign that an industrial recovery is yet to take firm roots.A delay in sowing of summer crops this year due ..

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India, Egypt to push trade to $12 billion in next five years

India and Egypt plan to push bilateral trade to $12 billion within the next five years. This was discussed during a meeting between Prime Minister Narendra Modi and the India unit of the Egyptian Cabinet led by its Prime Minister Mostafa Madbouly in ..

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RBI in talks with leading global peers to promote digital rupee payments

Kolkata: The Reserve Bank of India (RBI) is in talks with other major global central banks to promote digital rupee for cross-border payments, Governor Shaktikanta Das said, while the central bank allowed trade payments in rupees last year to enhance..

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Highway construction target may be raised

India is looking at scaling up its highway construction target for FY24 in line with the government's big infra upgrade plan but is keen to set a realistic goal, officials said. The roads ministry also expects higher retail participation in the ..

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Finmin meets secretaries over budget capex

New Delhi: Secretaries and senior officials from across ministries met on June 17 to discuss ways to fast-track rollout of projects and to draw up a road map for swift delivery under various government schemes, the finance ministry said on Monday.The..

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Withdrawal of Rs 2,000 note can boost growth by pushing consumption: Report

The ₹2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5% estimated by the RBI, a report said on Monday. The real GDP growth for the first quarter of FY24 will come at 8.1% with ..

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Foodgrain prices up 5-15% as delayed monsoon hits sowing

Prices of kitchen staples like rice and rice products like poha, murmura, besides jowar, bajra and chicken have shot up by 5-15% in the last fortnight after the slow progress of monsoon delayed the sowing of kharif crops. Prices of wheat and pulses t..

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IBBI plans new voting system for bankruptcies

The Insolvency and Bankruptcy Board of India (IBBI) is proposing a new voting system for bankruptcies allowing multiple votes for each available plan to maximise aggregate recovery and potentially reduce the dominant creditor’s influence in the ballo..

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India, UAE aim to double non-oil trade to $100 billion

India and the UAE Monday more than doubled their non-petroleum trade target to $100 billion by 2030, enthused by the growth in bilateral trade in the first 12 months of inking the Comprehensive Economic Partnership Agreement (CEPA).India is hopeful o..

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‘Nearly Rs 4,500 crore under Pradhan Mantri Jan Vikas Karyakram lying unused’

An amount of about Rs 4,500 crore under the Pradhan Mantri Jan Vikas Karyakram (PMJVK) of the Ministry of Minority Affairs is lying "unused" with the states, officials said on Monday. Till the state governments make use of these funds and submit "uti..

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EPFO looks to increase equity investments

The Employees' Provident Fund Organisation is considering enhancing its equity exposure and reinvesting redemption proceeds from its investments in exchange-traded funds back in equity or related instruments, people familiar with the move told E..

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