Budget 2020

Cabinet approves PLI plan for telecom

Incremental output estimated at ₹2.4 lakh cr., MSMEs to get a leg up; 40,000 jobs may be created The Union Cabinet on Wednesday approved the production-linked incentive scheme for the telecom sector with an outlay of ₹12,195 crore over five years. The scheme, which aims to make India a global hub for manufacturing telecom equipment, […]

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China back as India’s top trade partner even as relations sour

China regained its position as India’s top trade partner in 2020, as New Delhi’s reliance on imported machines outweighed its efforts to curb commerce with Beijing after a bloody border conflict. Two-way trade between the longstanding economic and strategic rivals stood at $77.7 billion last year, according to provisional data from India’s commerce ministry. Although […]

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Steel industry leaders must focus on making the industry export-centric: Dharmendra Pradhan

Mumbai: Minister of Steel, Petroleum and Natural Gas, Dharmendra Pradhan on Friday said that the steel industry leaders must focus on making the industry export-centric and fulfill global requirements. “Aatmanirbhar Bharat and being Vocal for local is all about creating a robust domestic market and going beyond fulfilling domestic requirement to reach the global markets,” […]

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India’s economy showing signs of bottoming out: Credit Suisse

After several years of downgrades to the country’s medium-term growth outlook, the estimates are likely to be upgraded now, Credit Suisse said in a report. The country’s economy is showing signs of bottoming out, it said. According to the report, the consensus forecasts of GDP growth for FY2022 over FY2020 stopped falling after October 2020 […]