Economy News ( English version)

The Indian government plans to reassess bidder interest in several public sector companies, including Shipping Corporation and BEML, though Concor and BPCL are currently not under consideration. The government is also reviewing other potential privatisations, including Hindustan Latex Limited and NMDC Steel.

Since the UAE-India CEPA began in 2022, trade between the two nations grew by 16.41% from $72.87 billion to $84.84 billion. This cooperation boosted sectors like startups, food security, and renewable energy investments. Minister Al Marri highlighted the growth in sectors like gems, pharmaceuticals, and green energy. Approximately 11,000 new Indian companies […]

India's manufacturing sector has seen a significant job growth over the past two years, surpassing the services sector. This turnaround is driven by government incentives, increased domestic demand, and companies expanding capacities. The sector is projected to create millions of jobs by 2024, contributing to the nation's goal of becoming a global […]

Revenue Secretary Sanjay Malhotra defended the capital gains tax rationalization, stating it was industry-demanded. He highlighted the budget's focus on tax reforms, simplification, and investment-friendliness, with minimal revenue impact. The collaborative approach includes benefits like abolishing angel tax and reducing customs duties. Industry leader […]

West Bengal Agriculture Minister Sobhandeb Chattopadhyay noted the state's significant rice production, accounting for 14% of India's total. Despite climate challenges, efforts to improve cultivation and diversify rice varieties, including stress-tolerant and hybrid types, have advanced, he said