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India Plans $1 Billion Subsidy to Boost Solar Manufacturing

AIMPWAFebruary 26, 2025

New Delhi, Feb 25 (KNN) India is finalising a USD 1 billion capital subsidy plan to strengthen its solar manufacturing sector, aiming to reduce its reliance on China and capitalise on the global shift toward renewable energy, sources familiar with the matter revealed. The initiative, spearheaded by the Ministry of New and Renewable Energy, focuses...

Textile Sector Needs Enhanced Banking Support To Reach USD 350 Bn Market Size: Textile Commissioner

AIMPWAFebruary 26, 2025

New Delhi, Feb 25 (KNN) In a statement during the Export Conclave jointly organised by World Trade Centre Mumbai and YES Bank, Textile Commissioner Roop Rashi emphasised the critical role banks should play in supporting India’s textile industry, which currently employs 5.4 crore people and aims to expand its market size from USD 172 billion...

Piyush Goyal Sets USD 100 Bn Export Target For India’s Electronics Industry At ELECRAMA 2025

AIMPWAFebruary 26, 2025

New Delhi, Feb 25 (KNN) Commerce and Industry Minister Piyush Goyal has challenged the Indian electronics and electrical industry to significantly scale up exports to USD 100 billion within the next 5-7 years, highlighting the sector’s remarkable growth trajectory over recent years. Speaking at the 16th Edition of ELECRAMA organised by the Indian Electrical And...

India’s Defence Exports Hit Rs 23,000 Cr, Target Rs 50,000 Cr By 2029: Defence Minister

AIMPWAFebruary 26, 2025

Shimla, Feb 25 (KNN) Union Defence Minister Rajnath Singh announced that India’s defence exports have reached Rs 23,000 crore in 2023-24, while the country has achieved 88 percent self-sufficiency in ammunition production. Speaking at the 16th Foundation Day of IIT Mandi, Singh outlined the government’s ambitious target of increasing defence exports to Rs 50,000 crore...

India Aims For 500 GW Of Renewable Energy By 2030, Needs Rs 33 Lakh Cr Investment: M Nagaraju

AIMPWAFebruary 26, 2025

Mumbai, Feb 25 (KNN) M Nagaraju, Secretary of the Department of Financial Services (DFS), announced on Monday that India’s ambitious goal of achieving 500 gigawatts (GW) of renewable energy capacity by 2030 will require an investment of Rs 33 lakh crore. Speaking at the National Workshop on Mobilising Finance for Renewable Energy in Mumbai, Nagaraju...

Private Industry Must Take Lead In Defence Manufacturing: Admiral Dinesh Tripathi

AIMPWAFebruary 26, 2025

New Delhi, Feb 25 (KNN) Admiral Dinesh K Tripathi, Chief of the Indian Navy, has described India’s semiconductor policy as ‘essentially new oil for the economy’ that will significantly benefit both civilian and defence sectors, particularly for the technology-driven Navy. Speaking at an event on Monday, Admiral Tripathi emphasised the importance of private sector leadership...

Global Electricity Demand To Grow 4 pc Annually, Led By Renewables: IEA

AIMPWAFebruary 26, 2025

New Delhi, Feb 25 (KNN) Global electricity consumption is projected to grow at an annual rate of 4 per cent between 2025 and 2027, reaching 3,500 TWh, according to a new report by the International Energy Agency (IEA). This represents the fastest growth rate in recent years, driven primarily by increased industrial production, rising air...

Government Plans Minority Stake Sales in State-Run Banks and Financial Firms

AIMPWAFebruary 26, 2025

New Delhi, Feb 25 (KNN) The Indian government is set to undertake minority stake sales in select state-run banks and financial companies through the offer for sale (OFS) route, according to a notice on the Department of Investment and Public Asset Management (DIPAM) website. To facilitate the process, bids have been invited for appointing merchant...

How A Late-Night Phone Call Made Dr Manmohan Singh India's Finance Minister – News18

AIMPWAFebruary 26, 2025

How A Late-Night Phone Call Made Dr Manmohan Singh India’s Finance Minister News18 Source link

Union Budget 2025: 6 Indian Finance ministers with most budget presentations – India.com

AIMPWAFebruary 26, 2025

Union Budget 2025: 6 Indian Finance ministers with most budget presentations India.com Source link

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Banks see cracks in the economy as consumers blink at inflation, tariffs

AIMPWAMarch 14, 2025

Banks are seeing lower credit-card spending, while delinquencies are rising. Source link

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

AIMPWAMarch 14, 2025

New Delhi: The customs duty rejig announced in the Union budget for FY26 lowers India’s average customs duty rate sharply from 11.65% to 10.66% and sends a positive signal to India’s trading partners like the US, Central Board of Indirect Taxes and Customs (CBIC) Chairperson Sanjay Kumar Agarwal said in a post-budget interview. The comments...

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

AIMPWAMarch 14, 2025

Continuing its leadership in the gold loan sector, Muthoot Finance has surpassed ₹1 lakh crore in gold loan AUM as of March 14, 2025. The achievement comes amid a strong demand for gold loans, as credit availability from other sources, including fintech lending, unsecured loans, and microfinance, has moderated in recent months, said a press...

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

AIMPWAMarch 14, 2025

The days of intrusive tax scrutiny and compliance enforcement are over and tax administration will be based purely on trust and greater reliance on data mining, Central Board of Direct Taxes chairperson Ravi Agrawal said in a post-budget interview to Mint. Agarwal said that under the revamped new personal income tax regime, those with ₹24 lakh...

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

AIMPWAMarch 14, 2025

New Delhi: The exemption of import duties on components required for making open cells—a key part of LED televisions—has divided India’s nearly-$10-billion TV industry. A section of manufacturers sees the budget announcement as a big boost, but others say the relief will only benefit specific companies, not the entire sector. “The duty abolition will only...

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India Plans $1 Billion Subsidy to Boost Solar Manufacturing

Textile Sector Needs Enhanced Banking Support To Reach USD 350 Bn Market Size: Textile Commissioner

Piyush Goyal Sets USD 100 Bn Export Target For India’s Electronics Industry At ELECRAMA 2025

India’s Defence Exports Hit Rs 23,000 Cr, Target Rs 50,000 Cr By 2029: Defence Minister

India Aims For 500 GW Of Renewable Energy By 2030, Needs Rs 33 Lakh Cr Investment: M Nagaraju

Private Industry Must Take Lead In Defence Manufacturing: Admiral Dinesh Tripathi

Global Electricity Demand To Grow 4 pc Annually, Led By Renewables: IEA

Government Plans Minority Stake Sales in State-Run Banks and Financial Firms

How A Late-Night Phone Call Made Dr Manmohan Singh India's Finance Minister – News18

Union Budget 2025: 6 Indian Finance ministers with most budget presentations – India.com

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

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