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The decision is likely to ensure savings of around 20 percent in the salaries of Indian workers in the UK, as per estimates of the Ministry of Commerce. It is expected to benefit more than 60,000 employees from IT sector alone. Besides, it will give a Rs.4000 crore competitiveness boost to Indian companies in the UK.
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India is leveraging human capital, technology and digital infrastructure to deepen manufacturing and services-led growth, Finance Minister Nirmala Sitharaman said.
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The Centre may go for the Offer for Sale route to sell stakes in Bank of Maharashtra, IOB, UCO Bank, Central Bank of India, and Punjab and Sind Bank next fiscal.
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Shekhawat said that India can become a $30 trillion economy by 2047; and by that year, tourism’s contribution to GDP may rise to 10% from 7-8% at present, if the Centre, states, and the private sector work together and collaborate.
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The finance secretary also batted for developing a framework to rate state development loans (SDLs) specifically. 'There needs to be a fiscal discipline among states, which can be ensured through rating of the SDLs,' he said.
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The government is unlikely to yield when it comes to foodgrains under the bilateral trade agreement, despite pressure from Washington, DC.
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The government remains committed to simplify business regulations, encourage entrepreneurship and support a culture of innovation and skill development, the FM has said
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The survey revealed capex from private sector is expected to taper off in the current fiscal to Rs 4.9 lakh crore as compared to 6.6 lakh crore in FY25, but will still remain higher than levels witnessed between FY22 and FY23.
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SEBI Chairman Tuhin Kanta Pandey speaks exclusively to Moneycontrol on the regulatory changes ahead – FPI Mood, MF TER, F&O and Much More. Watch this space for more details.
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Due to the treaty, India's plan to build dams to regulate waters from the western rivers to Pakistan have remained constrained but the latest developments offer a window of opportunity to fast-track projects.
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The IMF’s forecasts show that India’s share of world output will continue to increase steadily
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Stronger technological cooperation can act as a catalyst in expediting a trade deal between New Delhi and Washington
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The government is focusing on pumped storage projects (PSPs) as a long-term solution for storing electricity since the use of batteries for longer hours remains unaffordable
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A growing worry within the textile industry is also about consumption declining in America due to higher prices of imported products which would directly impact India's export growth despite having a competitive edge on tariffs over other countries.
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After a successful Rs 5,000-crore OFS in Mazagon Dock Shipbuilders at the start of FY26, Centre lines up stake sale in more PSUs to drive non-tax revenues
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New Delhi needs to explore all opportunities to expand its trade basket and add new destinations
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Corporate governance reforms, improved risk appetite and dividend strength form the Centre’s pitch. Mutual fund managers remain cautious on valuation gaps and growth concerns.
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The developers are under the ED scanner for duping investors of more than Rs 3 crore in a Hyderabad land venture
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While several factors are supportive of Indigo’s surging valuations, the industry is not sans some risks. Read here
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Tariff unpredictability could hit Indian industry output and trigger trade diversion; services exports are expected to grow by 6 percent, says Pillai.
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A durable reduction in food inflation, an uptick in rural demand, and support for economic growth amid external headwinds are the likely outcomes of an above-normal monsoon.
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The impact in terms of increase in freight costs would be at least 10 percent and could go up to 30 percent, said Jitendra Srivastava, CEO, Triton Logistics & Maritime.
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Strategic disinvestment of AIESL, AIASL, and Alliance Air gathers pace as the Centre looks to revive stalled asset sale process and meet FY26 receipts target
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NTPC’s new fuel sourcing strategy is a shift to a more market-driven approach and could be emulated by state and private companies to mitigate risks of supply chain disruptions
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In FY25, the company awarded works totalling 8 GW of thermal capacity and it plans to award a similar quantum in FY26. A senior NTPC executive said thermal power plants are in a good position this year to meet the summer demand as coal stocks are adequate.
