DDIndia Business: Economic Headlines & Updates

Business

February 7, 2024 4:07 PM

India sees significant rise in high-income earners

During a recent parliamentary discussion, Minister of State for Finance Pankaj Chaudhary said there has been a notable surge in the number of individuals reporting an annual income exceeding Rs 1 crore. As of December 31, 2023, the count stands at o...

February 7, 2024 11:55 AM

QatarEnergy, Petronet sign biggest LNG deal to date

QatarEnergy and Petronet LNG of India have inked their most significant agreement for the supply of liquefied natural gas (LNG), marking a pivotal step as India seeks to reduce emissions by increasing its use of the fuel. The Long-Term LNG Sale and P...

February 7, 2024 9:21 AM

MOS Defence Ajay Bhatt’s Riyadh visit yields key defense agreement

By Vinod Kumar, Dubai. Minister of State for Defence, Ajay Bhatt, is currently on a five-day visit to Riyadh from February 4th to 8th, 2024, for the World Defence Show 2024. The visit has yielded a significant milestone with the signing of a Memo...

February 7, 2024 9:09 AM

India Energy Week: PM Modi meets top energy sector CEOs, expects 67 billion dollar investment in energy sector

Prime Minister Narendra Modi interacted with top energy sector CEOs at India Energy Week in Goa on Tuesday. During the interaction, Modi highlighted the wide range of opportunities India offers in the sector and reiterated the government's commitment...

February 6, 2024 2:59 PM

Abu Dhabi’s Mubadala Investment Company announces investment in Manipal Health Enterprises

Abu Dhabi's Mubadala Investment Company has confirmed its latest venture into the Indian market with an investment in Manipal Health Enterprises. This move comes hot on the heels of a subsidiary of Mubadala gaining approval from India's fair-trade re...

February 6, 2024 11:27 AM

India expected to grow faster at 6.2% in FY25: OECD

In its latest report, the Organization for Economic Co-operation and Development (OECD) has raised India's growth outlook for the fiscal year 2024-25 (FY25) to 6.2%, up from the earlier estimate of 6.1%. This positive change follows a strong performa...

February 6, 2024 9:19 AM

Lok Sabha to discuss Interim Budget, FM Sitharaman to move the Finance Bill 2024

Union Finance Minister Nirmala Sitharaman is scheduled to move the Finance Bill, 2024 for its consideration and passage in the Lok Sabha on Tuesday. The Lower House will also hold a general discussion on the Interim Union Budget for 2024-25, which wa...

February 6, 2024 9:08 AM

PM Modi lambasts Congress in Parliament for launching same product repeatedly

Prime Minister Narendra Modi, during his reply to the Motion of Thanks to the President's address, launched a searing attack on Congress for its persistent use of dynasty politics. He highlighted the repercussions of repeatedly launching the same pol...

February 5, 2024 12:39 PM

Mudra Yojana: Banks sanction Rs 3.9 lakh crore to 4.9 crore beneficiaries under the scheme

From the latest data of January 2024, Pradhan Mantri MUDRA Yojana (PMMY) has marked significant accomplishments, sanctioning a total of 49,908,304 loans. The sanctioned amount stands at Rs 390,515.79 crores, with Rs 383,128.65 crores disbursed, under...

February 3, 2024 1:02 PM

Govt boosts Indian toy industry with comprehensive measures

Central government is extending comprehensive support to create a favorable manufacturing environment for the toy industry. Various measures have been implemented to bolster the sector, leading to a remarkable transformation. The government's initia...