[ad_1] The mentha oil sector in Rampur is experiencing severe difficulties, with exporters warning of substantial financial losses due to the US’s 50 per cent import tariff on Indian goods. The situation is endangering the financial stability of numerous agricultural workers and labourers, according to PTI reports. Mentha oil serves as a crucial aromatic ingredient…
[ad_1] Mumbai: The share of mutual funds in the household sector’s gross financial savings increased from 0.9% in 2011-12 to 6% in 2022-23. Assets under management have grown at a compounded annual growth rate (CAGR) of 17.1%. This has made mutual funds a stabilising force in equities and helped cushion the equity market against volatility…
[ad_1] MUMBAI: Remittance by Indians for studies abroad dipped to a 5-year low of $138.8 million in June 2025 as countries tightened restrictions on taking in Indian students.The remittances for study are less than half of the $314 million average during the last five years and a far cry from the $718 million in Sept…
[ad_1] Reliance Industries detailed an extensive green energy blueprint, with Mukesh Ambani and Anant Ambani presenting their vision for developing what they described as the world’s most comprehensive new energy system.“Hydrocarbons will remain vital for India for several years. Our strategy is clear: excel in traditional energy while building the system of the future,” said…
[ad_1] Union agriculture minister Shivraj Singh Chouhan on Saturday said some countries had earlier pressured India to open its agricultural market, but the nation stands tall today and engages on the global stage with confidence. Without naming the United States, he drew a contrast between India’s past dependence on imported wheat and its current record…
[ad_1] Chief Economic Advisor (CEA) Anantha Nageswaran on Saturday said the government, along with various stakeholders, is working overtime to cushion India’s export sector from the impact of the 25% additional tariff imposed by the United States, which has raised the overall duty to 50%.Speaking virtually at an event organised by the Indian Chamber of…
[ad_1] NEW DELHI: The commerce ministry is working on a comprehensive short, medium, and long-term strategy to help Indian exporters against the impact of the steep 50% US tariffs on Indian goods.The immediate steps under consideration include easing liquidity stress, offering greater flexibility to SEZ units, and promoting targeted import substitution to prevent insolvencies and…
[ad_1] Reserve Bank of India Governor Sanjay Malhotra on Saturday said India is poised to become the world’s third largest economy soon, crediting the Pradhan Mantri Jan Dhan Yojana for strengthening growth and financial inclusion.Speaking at Santripti Shivir, a financial inclusion campaign by government banks in Rangwasa village, Malhotra said the Union government and the…
[ad_1] Economic Affairs Secretary Anuradha Thakur on Saturday said the government remains on track to achieve its fiscal deficit target of 4.4 per cent of GDP for 2025-26, despite concerns triggered by the latest monthly numbers.The statement came as the Centre’s fiscal deficit touched 29.9 per cent of the full-year target by end-July, sharply higher…
[ad_1] Union commerce minister Piyush Goyal said Indian businesses are in a “cosy comfort zone” created by the vast 1.4 billion-strong domestic market and need to actively explore opportunities abroad.Speaking at an industry event in Mumbai, Goyal said companies should not get carried away by any “negative narrative”, emphasising that the economy grew 7.8% in…