Category: NEW DELHI

• NEW DELHI

India is the world's fastest-growing economy, and the government will ensure tremendous growth in coming years across the spectrum on the way to becoming "Viksit Bharat", Union Finance Minister Nirmala Sitharaman said on Saturday.

Prime Minister Narendra Modi on Saturday lauded the Indian Coast Guard on their raising day and remarked that ICG is a formidable guardian of the nation's seas ensuring the safety of its waters and people.

Ahead of presenting the Union Budget in Parliament, Finance Minister Nirmala Sitharaman met President Droupadi Murmu in the Rashtrapati Bhawan on Saturday.  

In a move set to impact the hospitality and commercial sectors, oil marketing companies have reduced the price of 19 kg commercial LPG cylinders by Rs 7, effective immediately.

The unveiling of the Economic Survey on Friday sets the stage for Finance Minister Nirmala Sitharaman to present the Union Budget for 2025-26 in Parliament on Saturday (February 1), which is expected to continue the government's policy of giving a big push to economic growth with equity.

States should focus on business reforms on a priority basis to achieve buoyancies in some industrial or service sectors, the Economic Survey 2024-25 said on Friday.

Faster economic growth is only possible if the Union and state governments continue to implement reforms that allow small and medium enterprises to operate efficiently and compete cost-effectively, said the Economic Survey 2024 on Friday.

Lifestyle choices and workplace culture are critical for the mental well-being and thus, the productivity of the people in India, according to the Economic Survey 2024-25 on Friday.

With AI research and development currently concentrated in the hands of a few, very large companies that control the resources to erect high entry barriers, AI adoption in place of humans presents the risk of concentrating the benefits of automation.

The BJP was quick to condemn the remarks, calling them “derogatory” and accusing the Congress of disrespecting the President. BJP leaders said that Congress’s “feudal mindset” cannot accept that a tribal woman like Droupadi Murmu achieved the position of President of India.

The agriculture sector in India has shown robust growth in recent years, averaging 5 per cent annually from FY17 to FY23, demonstrating resilience despite challenges, according to the Economic Survey 2024-25.

The global manufacturing landscape has undergone significant shifts over the past decade and India has been one of the dynamic economies that gained a greater presence in the space gradually vacated by developed countries.

BJP President and Union Minister J.P. Nadda has strongly condemned senior Congress leader Sonia Gandhi’s reference to President Droupadi Murmu as a "poor thing" while commenting on her address to Parliament.

India’s domestic economy remains steady amidst global uncertainties, driven by robust growth in the services sector, a rebound in agriculture, and the industrial sector picking up momentum on the back of rising private consumption, according to the Economic Survey tabled in Parliament on Friday.

The government has laid a special focus on infrastructure -- physical, digital and social -- in the last five years and those efforts would need to be supplemented with wholehearted acceptance of the need for public-private partnerships in infrastructure across the country, the Economic Survey 2024-25 said on Friday.

The evolving global trade dynamics, marked by gradual shifts towards greater protectionism, require assessing the situation and developing a forward-looking strategic trade roadmap, the Economic Survey 2024-25,  presented in the Parliament on Friday ahead of the Union Budget 2025-26, said.

President Droupadi Murmu while addressing the joint sitting of both Houses of Parliament highlighted key achievements of the government in her speech. Here are key highlights of her address. 

The Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Friday pegs India's real GDP growth in 2025-26 between 6.3 and 6.8 per cent, "keeping in mind the upsides and downsides to growth".

President Droupadi Murmu said on Friday that the only resolution and goal of the government is Viksit Bharat.  She said this during her address to a joint sitting of the Lok Sabha and the Rajya Sabha.

The President highlighted the government's achievements in expanding the rail network and modernising it at the same time and also connecting the unconnected areas for the first time.

The budget session of Parliament has begun with President Droupadi Murmu addressing the joint sitting of the two Houses on Friday. In her address, she underlined the growing threats posed by digital fraud, cybercrime, and deepfake technology.

India is set to become the world's third-largest economy, President Droupadi Murmu declared while addressing the joint sitting of Parliament on Friday.

PM-Surya Ghar, India’s flagship solar initiative, has crossed 8.5 lakh rooftop installations, marking significant progress towards the goal of powering 10 million households with solar energy, according to Minister of New and Renewable Energy, Pralhad Joshi.

Expressing his stance against de-dollarisation vehemently on Friday, Donald Trump warned BRICS nations and threatened them with 100 per cent tariffs on their exports if they try to replace the US dollar as the main currency in global trade.

Prime Minister Narendra Modi on Friday expressed grief over the loss of lives in the Washington DC midair plane-helicopter collision and said that India stands in solidarity with the people of the US.