The government on Friday came out with Foreign Trade Policy (FTP) 2023 which seeks to boost the country's exports to $2 trillion by 2030 by shifting from incentives to remission and entitlement based regime. Unlike the practice of announcing 5-year FTP, the latest policy has no end date and will be updated as and when needed, said Director General of Foreign Trade (DGFT) Santosh Sarangi while briefing media about FTP 2023. Earlier, Commerce and Industry Minister Piyush Goyal unveiled FTP 2023 which will come into effect from April 1, 2023.
Sluggish rural demand along with higher inflation is set to mute revenue growth of the fast-moving consumer goods (FMCG) sector at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the previous fiscal, a report said. Almost 40 per cent of the Rs 4.7-lakh-crore sector come from the hinterland markets, which have been hit by high inflation, low wages and high job losses since the Covid pandemic. Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5 per cent last fiscal, Crisil said in a report on Monday.
However, the growth, driven largely by a bumper rabi harvest and facilitated by relaxation in lockdown, may not have resulted in a big rise in income for a section of farmers.
The village in Maharashtra has continuously sent soldiers to the Army since World War I. Every other person you meet is a soldier or a retired soldier or is aspiring to be a soldier.
Project Vivaan won big at the Solar Decathlon, placing second overall (and missing the first position by a whisker). Members of the award-winning Team Shunya tell Mrigank Warrier how they built a carbon-neutral, water-neutral, energy-positive home for a family of four.
He also said the Centre has not answered the questions raised by him in the Lok Sabha on the issues of farmers and said its reply was a 'joke'.
India's wheat production is projected to have declined nearly 3 per cent to 106.84 million tonnes while the overall foodgrain production is estimated to have touched record 315.72 million tonnes in the 2021-22 crop year. The wheat production is estimated to have declined due to heatwave that resulted in shrivelled grains in the northern states of Punjab and Haryana. Releasing the fourth advance estimate for the 2021-22 crop year, the Union agriculture ministry on Wednesday said a record output is also estimated for rice, maize, gram, pulses, rapeseed and mustard, oilseeds and sugarcane.
India is likely to become a $40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a $30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University in Gandhinagar.
Marilyn Monroe, Minions, musicals and mean-spirited witches, it's quite a spread on OTT this week. Sukanya Verma offers her picks.
After imposing 20 per cent export duty on non-basmati rice, the government has banned the export of broken rice with an aim to increase domestic availability, according to a government notification.
Why settle for the ordinary, when you can try out something traditional on Makar Sankranti?
The incident happened on Monday at a mass meeting held before the immersion of the ashes of Gurjar leader Kirori Singh Bainsla in the Pushkar lake.
The government has no plans to import wheat as it has sufficient stocks to meet the country's requirements, official sources said. The Food Corporation of India (FCI) has enough stock for public distribution, they added. "There are no plans to import wheat into India. "The country has sufficient stocks to meet our domestic requirements," a source said.
Modi knows that the BMC elections are critical for his party which has never won a majority in the city's 227 wards.
'An eerie similarity with 2019 inflation trajectory could now mean that the RBI and market inflation estimates could go awry.'
The country's cyber security agency CERT-In has advised Facebook users to strengthen their account privacy settings after a recent global 'data scraping' incident in the social media platform affected about 61 lakh Indians.
If they can sit together and hammer out 'Black Sea Initiative' deal for much needed food shipments, surely, they should be able to address the madness of the larger military conflict?
The Bangladesh prime minister said that her government had tried to take care of the displaced community keeping the humanitarian aspect in mind.
Sultanpur, a village in Maharashtra with a population of around 1,000 and 600 houses, will now be known as 'Rahul Nagar' as the local residents have changed its name in memory of its native, who laid down his life while fighting terrorists during the 26/11 Mumbai attacks in 2008.
Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday directed officials to take strict action against illegal occupants of any land, be it government or private, without discrimination.
Several experts are of the view that inflationary pressure, including that in food items, may build from October with economic activity gathering steam. However, the price movement in three key items of tomato, onions and potatoes, commonly known as TOP, may give some solace in the months to come. Traders and market watchers said the price movement in all the three will remain within the band sans any unusual spikes.
'Mr Badal wanted to talk to a member of the Gandhi family to bring about some sort of rapprochement between the Akalis and the Congress which were the two major parties at that time.'
Yeh Hai India series: Capturing the events and moods across our incredible country.
Normally, kharif sowing of vegetable seeds starts during the first week of May across the country. Farmers start preparing their fields to make them suitable for kharif sowing during the second fortnight of April. Now, however, faced with the lockdown, farmers are in a hurry to clear their fields of rabi crop and prepare for kharif planting. With a normal monsoon forecast this year, they are doing all they can to take advantage of pre-monsoon showers.
For the past four months, 92-year-old Maria Nikolaevna has lived underground with her daughter, son-in-law and the family cat.
Shobha Warrier/Rediff.com travels to Pullampara to discover how it became India's first digital literate village.
The country's wheat output is estimated to drop by about 3 per cent to 106.41 million tonnes in the 2021-22 crop year (July-June) from the previous year, agriculture ministry said in its latest estimate released on Thursday. The production is, however, lower by 4.61 per cent from the earlier estimate of 111.32 million tonnes projected for the 2021-22 crop year, the data showed. Wheat production stood at a record 109.59 million tonnes in the 2020-21 crop year.
While a verified Twitter handle of the Information and Public Relations department of Shopian claimed that the news about leaving of 'Kashmiri non-migrant Hindu population' was 'baseless', Ashwani Kumar Bhat, whose brother Puran Krishan Bhat was gunned down by terrorists on October 16, told reporters in Jammu that he has migrated and will never return to the Valley.
With urban India growing by leaps and bounds, it is expected to experience a severe water crisis by 2020 and the per capita availability of water is projected to be less than 1,000 cubic metres.
Share your special recipes for the festival season.
The Supreme Court, which is hearing a challenge to a Tamil Nadu law allowing jallikattu, on Wednesday observed that the "ultimate question" perhaps might be whether the bull-taming sport, dubbed by many as cruel to animals, can be allowed in any form.
The petitioners challenging a Tamil Nadu law allowing bull-taming sport Jallikattu argued in the Supreme Court on Tuesday that when the law prohibits cruelty to animals there cannot be an amending Act which perpetuates cruelty.
Crystal Palace's chefs will cook 900 meals a week for frontline healthcare workers and vulnerable families in south London during the COVID-19 pandemic, the Premier League club said on Monday. The food will be delivered to doctors and nurses in the National Health Service (NHS), elderly and vulnerable people forced to stay at home, impoverished families and the homeless.
'The BJP's real weapons are Hindutva, organisation and finance.'
The story of Iceland is the story of life, notes Payal Singh Mohanka after a recent journey to that fascinating land.
What the labour market statistics of March 2022 show is India's biggest sign of economic distress, points out Mahesh Vyas.
Tell us how you are preparing for the harvest season.
Amit Panghal helped his father with the harvesting of wheat and in the process witnessed the 'misery of farmers' shattered by unseasonal rains and the lockdown to contain the deadly pandemic.
With the lockdown extended till May 3 to stem the spread of the coronavirus, the little money daily wagers had is mostly gone and so is hope.
