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The India-US trade agreement is expected to unlock America’s $118 billion global imports market for textiles, apparel and made-ups, offering a major opportunity for India’s textile sector, the government said on Saturday.US remains the largest market for India’s textile exports, and the new tariff framework is expected to strengthen India’s positioning in global textile supply…
NEW DELHI: High railway freight rates arising from cross-subsidisation are distorting competition with road transport, pushing up commodity prices, consumer inflation, and overall logistics costs, the Economic Survey 2025–26 highlighted.Reiterating the proposal in the Electricity Amendment Bill, 2026, the survey recommended the complete elimination of cross-subsidies for railways and the manufacturing sector within the next…
Singapore will invest more than Sg$1 billion ($785 million) in public research on artificial intelligence through 2030, as the city-state looks to strengthen its technological capabilities and sharpen its global competitiveness, the government said on Saturday.The funding will be used to set up “world-class” AI research centres, build capabilities to support industrial applications of artificial…
If Nanda had lived longer, she would have been 86 on January 8. Her serene presence lit up many hits in the 1960s and 70s. Love and marriage eluded Nanda. She was engaged to marry filmmaker Manmohan Desai. But fate played a cruel hand, and Desai passed away before they could marry. Sighs Nanda’s best…
The Indian Rice Exporters’ Federation (IREF) has called on the Union government to announce focused fiscal and policy measures in the Union Budget 2026 to strengthen India’s rice export ecosystem, covering both basmati and non-basmati varieties.In a representation to finance minister Nirmala Sitharaman, the federation underlined the importance of rice exports for the economy, rural…
The government has notified detailed guidelines for two major shipbuilding initiatives with a combined outlay of over Rs 44,700 crore, aimed at strengthening India’s domestic shipbuilding ecosystem and enhancing global competitiveness.The Ministry of Ports, Shipping and Waterways (MoPSW) said the two schemes — the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS)…
MUMBAI: High-frequency indicators in Nov show activity is holding up and demand is robust, even though headline CPI inflation edged up, but stayed below the lower tolerance level.RBI’s state of the economy report, published on Monday, said “benign inflation during the month kept input cost pressures low for firms”, hence “limiting hikes to selling prices…
NEW DELHI: Amid global trade headwinds, PM Narendra Modi on Monday met key export bodies to discuss “export competitiveness”.The meeting, which included representatives from textiles and apparel, seafood, engineering, leather sectors and gems and jewellery, comes at a time when US tariffs have hit these segments hard, with others such as electronics and pharma going…
NEW DELHI: Public sector banks need to aspire to global competitiveness, strengthen governance and operational resilience, and expand their role as sectoral champions across both traditional and emerging industries, a top official told the two-day brainstorming session of state run banks. M Nagaraju, secretary department of financial services, underlined that public sector banks have moved…
