Arvind Panagariya seeks for dedicated privatisation ministry; says govt should revive PSU, bank disinvestment

Former Niti Aayog vice chairman Arvind Panagariya has called for reviving the government’s privatisation agenda for public sector undertakings (PSUs) and public sector banks (PSBs), arguing that disinvestment remains a key pillar of India’s economic reforms.In an interview with PTI, Panagariya also advocated the creation of an independent privatisation ministry to accelerate the government’s disinvestment…

Read More

India seeks French investment in manufacturing; Piyush Goyal pitches scale and talent

Commerce and Industry minister Piyush Goyal on Sunday invited French companies to invest in India’s manufacturing sector, pitching the country as a trusted partner offering scale, talent and innovation opportunities.Speaking at the ‘Bharat Innovates’ event in Nice in the presence of Prime Minister Narendra Modi and French President Emmanuel Macron, Goyal said India can provide…

Read More

India restricts deployment of seafarers to conflict zones, Shipping authority issues fresh advisory

Days after three Indian seafarers onboard MT Settebello were killed following a US military strike off the Oman coast, the Directorate General of Shipping (DGS) has advised maritime recruitment and placement agencies to restrict the deployment of Indian seafarers to conflict areas until further orders.In a circular, the shipping regulator also directed vessels operating in…

Read More

Rupee-dollar movement driven by global and domestic factors, FM Sitharaman says RBI steps in only to curb volatility

Union Finance minister Nirmala Sitharaman on Sunday said movements in the rupee against the US dollar are influenced by a combination of global and domestic factors, stressing that the Reserve Bank of India intervenes only to contain excessive volatility and not to defend any specific exchange rate.Addressing reporters at Devanahalli near Bengaluru during an event…

Read More

India does not use methodology changes to inflate growth numbers, CEA Nageswaran defends GDP data

Defending the credibility of India’s GDP statistics, Chief Economic Adviser V Anantha Nageswaran has said that the country does not use revisions in methodology or base years to artificially boost economic growth figures.In an interview with news agency ANI, Nageswaran responded to concerns raised by some economists over India’s GDP estimates, saying GDP measurement is…

Read More

BRICS adopts Indore Declaration; India to lead seed rights, digital agriculture initiatives

BRICS nations on Saturday adopted the “Indore Declaration”, committing to deeper cooperation in agriculture and launching a series of new initiatives, including a global forum on farmers’ seed rights, a digital agriculture network and a platform for agroecology and regenerative farming, PTI reported.The decisions were taken at the end of a five-day meeting of agriculture…

Read More

Hardeep Singh Puri says India has over 60 days of crude, gas stocks; rules out any energy supply crunch

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday said there is no shortage of energy in the country, asserting that supplies of crude oil, LPG and natural gas remain comfortable despite concerns arising from the Iran conflict.Speaking to reporters in Ludhiana, Puri said India has sufficient reserves to meet energy requirements and…

Read More