The fifth edition of the Khelo India University Games (KIUG) is set to begin in Rajasthan tomorrow, marking a new milestone for India’s rapidly evolving university sports ecosystem. On the eve of the event, Union Minister for Youth Affairs and Sports Dr. Mansukh Mandaviya praised the dedication and perseverance of…
Tag: #EconomicGrowth
News
India Eyes Bigger Banks via Mergers: FM Sitharaman
Mumbai, Nov 6: Finance Minister Nirmala Sitharaman announced that India is working towards creating more “big banks” by consolidating state-owned lenders and enhancing financial resilience through reforms. Speaking at a public event, she said that the government has already begun discussions with the Reserve Bank of India (RBI) and public…
News
India’s Democratic Strength Driving Global Investment: Om Birla
Lok Sabha Speaker Shri Om Birla emphasized that the world’s growing interest in investing in India is deeply rooted in the country’s strong democratic foundations and visionary leadership. Speaking at the 125th anniversary of the Bharat Chamber of Commerce in Kolkata, he said India’s rapid economic and technological rise under…
News
GST Revenue Up 4.6% to ₹1.96T Despite Tax Cuts
India’s Goods and Services Tax (GST) collections grew 4.6% year-on-year to ₹1.96 trillion in October 2025, reflecting strong domestic demand despite the recent tax cuts announced by the GST Council. This moderate growth indicates resilience in consumption, especially during the festive season. Festive Demand Fuels Collection Growth The finance ministry…
News
Indian Households Pile on Debt Faster Than Assets: RBI Data
New Delhi: Reserve Bank of India (RBI) data show Indian households have been accumulating financial liabilities far faster than financial assets since 2019-20. Between 2019 and 2025, fresh financial assets added annually rose by 48%, while new household liabilities surged by 102% a divergence that carries implications for savings behaviour,…
News
Manufacturing Drives India’s 4% Growth in Sept
India’s Index of Industrial Production (IIP) registered a steady 4.0% year-on-year growth in September 2025, according to the latest data released by the Ministry of Statistics and Programme Implementation (MOSPI). The growth was largely driven by a robust performance in the manufacturing sector, which recorded a 4.8% expansion, while mining…
News
India-US Trade Deal “Very Near”; Few Issues Remain: Official
New Delhi: Economic ties between India and the United States are on the cusp of a breakthrough as officials from both countries say a long-pending bilateral trade deal is “very near” conclusion. An unnamed government official told reporters on 24 October 2025 that both sides are now “converging on most…
News
“Mining Reforms: Timelines for Mineral Blocks”
New Delhi: The Ministry of Mines has announced a significant amendment to the Mineral (Auction) Rules, 2015 to fast-track operationalisation of auctioned mineral blocks. The new rules introduce intermediary timelines for key activities from issuance of the Letter of Intent (LoI) to execution of the mining lease, aiming to ensure…
News
GST Bachat Utsav 2025: Historic Relief & Economic Growth
New Delhi, 19 October 2025 — Union Ministers Smt. Nirmala Sitharaman, Shri Piyush Goyal, and Shri Ashwini Vaishnaw today held a joint press conference to highlight the impact of the Next-Gen GST reforms during the GST Bachat Utsav. The Ministers emphasized that these reforms have already delivered substantial relief to…
News
GST Boosts Chhattisgarh Growth Across Cement Handloom & Dairy
Chhattisgarh is witnessing a surge in economic growth as recent GST reforms lower rates across key sectors including cement, handlooms, handicrafts, and dairy. These measures are reducing production costs, boosting consumer demand, creating thousands of jobs, and empowering women-led rural enterprises, driving inclusive development across the state. Cement Industry Sees…