Category: Business & Economics

The Prime Minister, Shri Narendra Modi interacted with beneficiaries of the Viksit Bharat Sankalp Yatra today via video conferencing. Thousands of Viksit Bharat Sankalp Yatra beneficiaries from across the country along with Union Ministers, MPs, MLAs and local-level representatives joined the event. Shri Lakshmi Prajapati from Gorakhpur in Uttar Pradesh whose family is engaged in the business of terracotta silk informed the Prime Minister about forming Lakshmi self-help group which includes 12 members and approximately 75 associates with a collective annual income of close to Rs 1 crore. Upon the…

The 63rd Network Planning Group (NPG) meeting was convened on January 4, 2023 at Vanijya Bhawan, New Delhi chaired by Special Secretary (Logistics), DPIIT, Smt. Sumita Dawra. The meeting witnessed active participation from key Ministries and Departments including Ministry of Road, Transport & Highways (MoRTH), Ministry of Civil Aviation (MoCA), Ministry of Railways (MoR), Ministry of Ports, Shipping and Waterways (MoPSW), Department of Telecommunications (DoT), Ministry of New and Renewable Energy (MNRE), Ministry of Power (MoP), Ministry of Defence and NITI Aayog. During the meeting, NPG discussed three projects pertaining…

The steel sector plays a pivotal role in crucial sectors such as construction, infrastructure, automobile, engineering and defence. Over the years, the steel sector has witnessed tremendous growth and India has emerged as a global force in steel production and the 2nd largest producer of steel in the world. Production and Consumption The production performance of the steel sector during the first eight months of the current fiscal year (April – November 2023) has been quite promising. The domestic finished steel production stood at 89.711 million tonnes against 78.498 million tonnes during the corresponding period…

As per the latest statistics of the Ministry of Coal, the cumulative achievement in coal production during  FY’ 2023-24 from April 2023 to 25th December 2023, has touched 664.37 million tonne (MT), indicating a substantial 12.29% growth compared to the corresponding period last year at 591.64 MT. In terms of coal dispatch, the Cumulative achievement in  FY’ 2023-24 from April 2023 to 25th December 2023 amounted to 692.84 MT, indicating a noteworthy 11.32% growth compared to the corresponding period of  previous year  at 622.40 MT. This increase ensures a consistent…

Dr Vivek Joshi, Secretary, Department of Financial Services (DFS), today presided over a workshop on ‘customer service’ attended by MDs/ EDs of banks including that of Public Sector Banks (PSBs). During the workshop, a few banks presented the initiatives undertaken by them to enhance customer service experience, while constantly monitoring customer feedback via multiple channels, and enabling better contact-center experience. To capture on-ground pulse of customer experience at PSBs, a detailed customer survey had been conducted through 3 key interventions: social listening (capturing voice of customers across 10 digital platforms like…

The Food Corporation of India is holding adequate food grains (wheat and rice) to cater to the Public Distribution System (PDS) demands as well as for the market intervention. As on 14.12.2023 availability of food grains in the central pool is as under. Sl.no Commodity Stock position (in LMT) (As on 14.12.23) 1 Wheat 181.79 2 Rice 182.86 3 Total 364.65 * In the current KMS 2023-24, 354.22 LMT paddy equivalent to 237.43 LMT rice has been procured till date. In order to increase the availability of wheat and rice…

India has emerged as a global growth engine and is providing a new direction to the world. This was stated by Raksha Mantri Shri Rajnath Singh at the 96th Annual General Meeting and Convention of the Federation of Indian Chambers of Commerce & Industry (FICCI) in New Delhi on December 09, 2023. He asserted that the Indian growth story is the result of the hard work and ability of more than one billion Indians under the guiding leadership of Prime Minister Shri Narendra Modi. The Raksha Mantri highlighted that the transformative…

Reliance Industries Chairman Mukesh Ambani on Saturday expressed confidence about the Indian economy, saying that it will become a $40 trillion economy by 2047  Mukesh Ambani said that India’s energy needs to double by the end of the decade.  Ambani said that in the coming 25 years, India will witness an unprecedented explosion of economic growth.  Ambani, the nation’s richest man, further added that energy transition has become the most critical factor in ensuring India’s transformation into a global leader in green, sustainable, and inclusive development.  Reliance Industries Chairman Mukesh…

Continued momentum in the growth of GDP is encouraging and expectations of a more than 7% GDP growth in the full financial year are becoming strong, said Mr. Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry in a press statement issued here todayBroad-based recovery across the  sectors supports growth  at a high level, said Mr. AgrawalThe high growth of Manufacturing at 13.9% followed by Construction at 13.3%, and Electricity, Gas, Water Supply, and other Utility Services at 10.1% are inspiring and indicate that economic activity is now on the…