Economy and Finance

Indian economy adds 5.2 crore new formal jobs in FY20-FY23, women’s share 27%: Report

The total payroll generation of the EPFO and NPS combined is over 5.2 crore from FY20 to FY23. The share of women's payroll was around 27 per cent.

Tesla interested in coming to India, planning to source auto parts worth $1.9 billion from the country: Minister Piyush Goyal

Union Commerce Minister Piyush Goyal informed that Elon Musk-led automaker Tesla Inc is interested in coming to India

Loan documents must be released within 30 days of full repayment, ₹5,000 penalty per day for delay: RBI announces major benefit for borrowers

RBI stated that banks and NBFCs have to release documents of properties and collateral mandatorily within 30 days.

G20 summit: PM Modi launches Global Biofuels Alliance along with US, Brazil and 6 other nations. Here is what you need to know

'Global Biofuels Alliance' is meant to accelerate the worldwide use of biofuels by facilitating technology advancements and technology transfer.

Princeton professor Ashoka Mody uses his opinion on GDP calculation mythology to claim that India’s growth story is fake: Read details

Ashoka Mody claims India’s growth story is fake because India uses income approach of GDP calculation

‘Misleading’: PIB fact checks media reports based on an article by Reuters claiming Gautam Adani-Mukesh Ambani invited to G20 special dinner

The Press Information Bureau (PIB) took to X, formally Twitter to debunk a Reuters report that suggested 500 Indian businessmen including billionaires Mukesh Ambani and Gautam Adani have been invited to join G20 leaders at a dinner in the national capital

PM Modi addresses B20 Summit, urges businesses to become more consumer-centric, calls for framework of cryptocurrencies and ethical use of AI

At B20 Summit, PM Modi laid a strong pitch for inviting business leaders and investors to become a part of India’s development story

Modi govt planning to slash import duty of electric vehicles to 15% from 100% after Tesla proposal committing manufacturing in India, says report

A Reuters report says that Indian govt will cut import duty of electric cars to 15% if the companies commit to manufacturing in India

Himanta Biswa Sarma govt in Assam holds 100 cabinet meetings in 2 years & 4 months, over 98% of 1,238 decisions implemented

The Assam government has held 100 cabinet meetings in just 2 years and 4 months, since the government came to power in May 2021.

Indian Economy to grow at 8.3% in the first quarter and 6.7% in FY24: What the SBI research says

SBI’s Chief Economic Advisor, Ghosh added that the first quarter of 2023-24 saw a huge increase in capital expenditure both by the centre (63%) and the states (41%).

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