Economy / The New Indian Express
MUMBAI: India is on track to become the third largest economy by 2028 and the UK is perfectly placed to be a partner in this journey, British Prime Minister Keir Starmer said on Thursday. Addressing a news conference here, he expressed confidence that US President Donald Trump's Israel-Hamas peace plan will bring relief to the hostages, civilian population in Gaza, and the whole world. The India-UK trade deal is a launchpad to boost British leadership in areas ranging from technology to life sci
MUMBAI: The operating crew of Air India's Amritsar-Birmingham flight reported that the Boeing 787's Ram Air Turbine (RAT) unexpectedly deployed during the final approach on October 4, but the aircraft landed safely, the airline said on Sunday. RAT deploys automatically in the eventuality of a dual engine failure or total electronic or hydraulic failure. It uses wind speed to generate emergency power. Air India said it has cancelled its Birmingham-Delhi flight as the aircraft has been grounded fo
VISHAKAPATNAM: Union Finance Minister Nirmala Sitharaman on Wednesday said the Next Gen GST reforms have infused Rs 2 lakh crore into the economy, which has left people with more cash on hand, which otherwise would have gone to taxes. Addressing the Outreach and Interaction Program on Next Gen GST Reforms, she also said, following the tax reforms, 99 percent of goods under 12 percent GST slab have moved to five percent. The rejig has resulted in 90 percent items under 28 percent tax slab slippin
KOLKATA: Shyama Prasad Mookerjee (SMP) Port, Kolkata, on Tuesday said it will extend all support to trade for smooth cargo movement to Nepal in view of the ongoing crisis in the neighbouring country. Nepalese Prime Minister K P Sharma Oli resigned amid massive anti-government protests, during which demonstrators vandalised the parliament building and attacked the residences of several top politicians, including President Ramchandra Paudel. SMP Port Deputy Chairman Samrat Rahi told PTI that Nepal
NEW DELHI: Civil Aviation Minister Ram Mohan Naidu has announced that the government would take efforts to amplify real estate activities within close proximity to upcoming and new airports in order to ensure sectoral growth to 15% in the near future. An official release said the Minister made the announcement during the second day of the National Real Estate Development Councils (NAREDCO) 17th National Convention on Saturday. The Minister indicated that a study is being undertaken to draw devel
It may be pure chance that the next round of big-bang reforms directed towards Indias internal economy has come at a time of turbulence on the external front. But its a happy coincidence all the same that GST is getting pruned and simplified, offering a new impetus to consumption, at a time of very erratic weather for exports. The vexed Goods and Services Tax, which has completed eight years with a complex ziggurat-like architecture, is finally getting rationalised into a slimmer, neater structu
PUNE: Congress MP Shashi Tharoor has said US President Donald Trump's remark terming India a 'dead economy' was meant to be an insult and must not be taken literally. Tharoor on Sunday said that when wars are being conducted with the active involvement of some of the biggest powers, and people who are supposed to be upholding world order are contributing to promoting disorder, India needs to be very clear about its national interests. The senior Congress leader, who was in conversation with Cros
LUCKNOW: In light of US President Donald Trumps recent claim that the Indian economy was dead, Prime Minister Narendra Modi on Saturday responded to him, without directly referencing the remark, by asserting that India was on its way to becoming the worlds third-largest economy while the world was grappling with an atmosphere of instability. There is an atmosphere of instability across the globe. Every country is focused on its individual interests. India is set to become the third biggest econo
NEW DELHI: The Congress on Friday claimed that the Indian economy has been well and truly devastated by a series of five Modi-inflicted shocks, and said the government as well as its cheerleaders are being economical with the truth of the real state of the economy. Congress general secretary in-charge communications Jairam Ramesh said the Modi government, its drumbeaters and cheerleaders are living in a make-believe world. The opposition party's assertions came a day after former Congress presid
The BJP flayed Rahul Gandhi on Thursday for echoing US President Donald Trump's dead economy jibe at India , calling it a shameful insult to the aspirations, achievements and well-being of the people of the country as it asked the Congress leader why he epeats foreign propaganda that undermines the country. This came after Gandhi said everyone except Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman knows that the Indian economy is dead, as he accused the BJP-led government o
NEW DELHI: In order to ensure inclusive communication and last-mile information delivery in every language across the country, the Ministry of Information and Broadcasting is moving towards adopting AI-based solutions that can bridge linguistic divides. The Secretary of Ministry of Information & Broadcasting Sanjay Jaju on Thursday held a meeting with Incubators and Startups from across the country, working on AI/ML-based technology solutions at the T-Hub in Hyderabad. Apart from the CEO of T-Hu
LUCKNOW: Prateek Yadav, step brother of former Uttar Pradesh Chief Minister and Samajwadi Party chief Akhilesh Yadav and husband of BJP leader Aparna Yadav, has alleged that he was duped to the tune of over Rs 4 crore by a real estate businessman. Prateek, in a complaint lodged at Gautampalli police station in Lucknow, on Sunday, alleged that he was cheated by one Krishnanand Pandey, a resident of Chinhat, who deals in real estate. Prateek named Krishnanand Pandey, his wife Vandana Pandey and fa
NEW DELHI: The Congress on Tuesday attacked the Centre over interest rates on savings accounts reportedly reaching the lowest level in 25 years, alleging that the Modi government has in the last 11 years left no stone unturned in uining the country's rapidly growing economy. Congress general secretary in-charge communications Jairam Ramesh shared a media report on X which claimed that the 1% cut in repo rate by the RBI has forced banks to reduce their deposit rates, pushing savings account inte
DEHRADUN: The Chardham Yatra, the backbone of Uttarakhands economy, has seen a festive surge in footfall, with pilgrim numbers crossing 33 lakh. The Kedarnath Yatra alone has generated Rs 306 crore revenue in just 48 days. Yogendra Gangwar, Joint Director of the Tourism Division at the Uttarakhand Tourism Development Council, told TNIE, Since the opening of Baba Kedarnath Dham's portals for pilgrims on May 2, until Thursday evening, the number of devotees who have visited Baba Kedar has exceeded
NEW DELHI: The Meghalaya government has made a groundbreaking move by disbursing payments to farmers for their contributions to carbon sequestration through the plantation of multi-species tree-based agroforestry in biodiversity hotspots. This first payment marks a significant step toward establishing Indias emerging carbon market, supporting livelihoods driven by the community. Chief Minister of Meghalaya, Conrad K. Sangma, presented cheques to farmers from the Garo Hills region. The MegCare pr
AHMEDABAD: '11A' was one of the 238 economy class seats in the ill-fated Air India Dreamliner that crashed on Thursday , killing 241 people onboard and leaving just one survivor. And the lone survivor -- a British national VishwashKumar Ramesh (45) -- was the occupant of '11A'. The Boeing 787-8 aircraft, better known as the Dreamliner, operating the Ahmedabad-London AI171 flight, had 242 people onboard, including 12 crew members. '11A' is among the six seats in the first row of the economy class