Economy / The New Indian Express
VIJAYAWADA: Deputy CM Pawan Kalyan described the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) as a backbone of development for both the State and the country, and said the coalition government was committed to the welfare of MGNREGA workers. Addressing MGNREGA workers at a May Day event in Mangalagiri, the Deputy CM said the scheme was providing employment to around 75.23 lakh workers from 46.94 lakh families in their native villages. He said the State spent Rs 10,669 crore u
MUMBAI: Prime Minister Narendra Modi, while inaugurating the World Audio Visual and Entertainment Summit (WAVES) on Thursday, said that Indias creative economy will contribute significantly to the countrys GDP in the coming years. Indias Orange Economy stands on three strong pillars content, creativity, and culture; therefore, in the coming years, Indias creative economy will hold a significant share in the countrys GDP, said Prime Minister Narendra Modi while inaugurating the World Audio Visua
HYDERABAD: Tollywood actor Mahesh Babu wrote a letter to Enforcement Directorate Hyderabad zonal officials to give another date to appear before them instead of the 27th of April in connection with the Sai Surya Developers case. A week ago, the agency officials conducted raids in Sai Surya and Surana group real estate companies in suspected money laundering allegations. Reportedly, the agency uncovered illegal transactions worth nearly Rs 100 crore during searches. Mahesh Babu reportedly receive
HYDERABAD: Irrigation & Civil Services Minister N Uttam Kumar Reddy on Friday described the recent Pahalgam terrorist attack in Jammu & Kashmir as a cowardly act that was aimed at disrupting peace and communal harmony. Recalling his service as a fighter pilot in the Indian Air Force, Uttam said: I have served at Avantipur Air Force Station near Srinagar, in Leh-Ladakh, and was part of the air defence operations at the Siachen Glacier. I understand the ground realities. This attack was carried ou
BENGALURU: Union Minister of State for Science and Technology and Earth Sciences Jitendra Singh on Thursday emphasised the role of biotechnology in shaping Indias future economy and public health. Dr Singh, who inspected the Biotechnology Research and Innovation Council -- Institute for Stem Cell Science and Regenerative Medicine (BRIC-inStem), a research institute under the Department of Biotechnology, Ministry of Science and Technology, described the sectors contribution as pivotal for nation-
HYDERABAD: The Enforcement Directorate (ED) has summoned prominent Tollywood actor Mahesh Babu to appear before them April 27 in connection with the Sai Surya Developers and Surana Group money laundering case. The companies are allegedly involved in money laundering. ED sources said that the actor, who is a brand ambassador for the real estate project, reportedly received 5.9 crore for endorsing it. The ED alleges that the money collected from customers by the companies was obtained through frau
NEW DELHI: With the advent of technology, world of creators and their economy is going through a fundamental change, Union Minister for Information and Broadcasting Ashwini Vaishnaw said on Saturday. The old model is giving way to the new model, he said. He also said that gone are the days when a big studio was needed for creating content, and today, a creator from a remote village in Jharkhand or Kerala can create good-quality content and get millions of views. The minister was interacting with
NEW DELHI: As the US hits India with 27% tariff , Leader of Opposition in Lok Sabha Rahul Gandhi on Thursday questioned the Union governments foreign policy and sought to know the impact of the revised US tariffs on Indian exports and Chinese occupation of Indian territory. Speaking during the Zero Hour in the Lok Sabha, the LoP lashed out at the Centre saying the reciprocal tariffs slapped by the US would completely devastate the Indian economy, and demanded answers from the government over the
CHANDIGARH: Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu presented a tax-free budget with an outlay of Rs 58,514 crore for the year 2025-26. The budget focuses on strengthening the agrarian economy through the participation of farmers, rural youth and women besides improving healthcare facilities. He also announced the constitution of a Special Task Force (STF) to combat drug abuse in Himachal Pradesh. The government will focus on promoting religious and eco-tourism besides exploring l
NEW DELHI: Union minister for Information and Broadcasting (I&B) Ashwini Vaishnaw on March 13 announced a dedicated fund of one billion US dollars to empower the talented creators and boost the creator economy. For creator economy, a one-billion US dollar fund will be established. It is to make sure that all our energetic creators -- using the latest technologies today -- will be able to get access to the capital and hone their skills and upgrade production level to reach out to the internationa
SRINAGAR: The Jammu and Kashmir economy is projected to grow at 7.06 percent and the nominal Gross State Domestic Product (GSDP) may increase by 11.19 percent in 2024-25, according to the Economic Survey Report (ESR) 2024-2025. As per the survey, which was tabled by Chief Minister Omar Abdullah in Assembly on Thursday, the size of the economy is estimated to be approximately Rs 2.65 lakh crores. J&K UT is estimated to achieve a compound annual growth rate of 4.89 percent in its real GSDP from 20
HARSIL: Making a strong pitch for round the year tourism in Uttarakhand, Prime Minister Narendra Modi Thursday said there should be no off-season in the picturesque hill state and this would strengthen its economy in a big way. Addressing a rally in Harsil after offering prayers at the village of Mukhwa, the winter abode of Goddess Ganga in Uttarkashi district, he said visitors will get the true flavour of Uttarakhand if they come to the state in winter. When fog envelops the rest of the country
NEW DELHI: Union minister Bhupender Yadav said on Tuesday that Indias circular economy has the potential to create a market worth over $2 trillion and generate nearly 10 million jobs by 2050. He said the circular economy may be about to drive one of the biggest transformations in business since the industrial revolution 250 years ago. Through a radical departure from the traditional take, make, waste production and consumption models, the circular economy could provide a potential $4.5 trillion
RAIPUR: The Chhattisgarh government on Monday presented a Rs 1,65,000 crore budget for the financial year 2025-26, aimed to build on the progress made in previous year growth with GATI. Finance minister O P Choudhary, in the second budget of the Vishnu Deo Sai government, focused on driving growth in Chhattisgarh under the theme of GYAN ke liye GATI to propel the journey with a rapid progress towards achieving the goals for 2030. While stressing on prosperity for previous year theme GYAN gareeb
NEW DELHI: India on Monday proposed a multi-nation alliance for technical collaboration, partnerships, and cooperation between private sectors at the city level to accelerate the circular economy for a sustainable future. Speaking at the inauguration of the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific, Union Minister of Housing and Urban Affairs Manohar Lal said that, to carry forward the vision of Prime Minister Narendra Modi, he suggests a new platform - Cities Coalition
PATNA: The Bihar economy at current prices has grown 3.5 times, from Rs 2.47 lakh crore in 2011-12 to Rs 8.54 lakh crore in 2023-24, according to the states Economic Survey report for 2024-25 presented by Deputy CM and finance minister Samrat Choudhary in the assembly on the first day of the budget session on Friday. Choudhary said that the economic growth had taken place over the last two decades, improving socio-economic indicators. As per the latest available estimates, the Gross State Domest
GUWAHATI: Prime Minister Narendra Modi on Tuesday said Assams contribution to Indias growth is steadily increasing, highlighting that the states economy has doubled in just six years under BJP. Addressing a gathering after inaugurating the Advantage Assam 2.0 business summit in Guwahati, Modi said East India and Northeast India are embarking on a new journey of the future and Advantage Assam is a mega initiative to intertwine the incredible potential and progress of Assam with the world. The PM
DEHRADUN: Uttarakhands economy has expanded 21 times in the past 23 years, surpassing the growth of Jharkhand and Chhattisgarhboth formed on 9 November 2000. This key finding is detailed in the Economic Survey Report for 2024-25, presented by Parliamentary Affairs Minister Prem Chand Agarwal in the assembly. During his presentation, Agarwal stated, The report clearly indicates Uttarakhand's significant progress, highlighting our unwavering commitment to development. The newly released Economic S
JAIPUR: Rajasthan Deputy Chief Minister Diya Kumari on Wednesday presented the Budget for the financial year 2025-26 and announced that the government is committed to make the state a USD 350 billion economy. Kumari, who also holds the finance portfolio, said the state government has delivered 58 per cent of its promises made in the election manifesto and has fulfilled 73 per cent of the previous Budget announcements. She announced that as many as 2 lakh new houses will be provided with drinking
NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday said that the Indian economy is seeing a speedy rebound from 5. 4 per cent growth clocked in the second quarter of the current fiscal, and the government shall take measures to ensure that India remains the world's fastest-growing economy. Replying to discussions on the Union Budget for 2025-26 in the Lok Sabha, the finance minister said the Budget has taken various steps to increase liquidity in the hands of people while maintaining fisc
NEW DELHI: Ahead of the Union Budget, the Congress Thursday slammed the government's handling of the economy, asserting that there is a slowdown with o jobs, raging inflation, stagnating wages and huge income inequality. The Congress on Thursday came out with a 'Real State of the Economy' report, compiled by AICC Research Department chairperson Professor M V Rajeev Gowda and his team, claiming the Modi government is marching India forward into the middle-income trap, which will make the country
LUCKNOW: Samajwadi Party chief Akhilesh Yadav on Saturday said the Uttar Pradesh government is only capable of 'a trillion lies' and its claim of making the state's economy reach the USD 1 trillion target in the next four years is 'impossible'. In a post on X, Yadav alleged the BJP government was plagued with corruption, and said there were no tangible investments that have left the farmers, traders, businessmen, and industrialists struggling. BJP can only make a record of saying 1 trillion lies
LUCKNOW: Crores of devotees descending on the banks of the Sangam to be part of the world's largest religious congregation underscores its unparalleled magnitude. The Mahakumbh, for some, serves as a path to spiritual fulfilment; for others, it is an opportunity to seek salvation. Many are drawn by curiosity about the rituals and the spectacle of such a vast assembly. However, the millennia-old, 46-day event, with an anticipated footfall of over 40 crore, is also a significant economic driver, c