Economy

New Delhi: India’s total coal production recorded a growth rate of 5.33 per cent during December 2024 to touch 97.94 million tonnes (MT) compared to the corresponding figure of 92.98 MT for the same month in the previous year, the Coal Ministry said on Wednesday. Captive and other mines produced 18.95 MT, reflecting a significant

New Delhi:  India’s goods and services tax (GST) collections rose 7.3 per cent to Rs 1.77 lakh crore in December compared to Rs 1.65 lakh crore in the same month a year ago, according to the government data released on Wednesday. The Central GST collection stood at Rs 32,836 crore, State GST at Rs 40,499

New Delhi: In a fresh record, the unified payments interface (UPI) transactions witnessed 8 per cent growth (on-month) in volume reaching 16.73 billion in December, the National Payments Corporation of India (NPCI) data showed on Wednesday. The UPI transaction value also surged 8 per cent to Rs 23.25 lakh crore, up from Rs 21.55 lakh

New Delhi: India’s tobacco exports have surged by as much as 87 per cent during the past five years to touch a record Rs 12,005.89 crore ($1.45 billion) in 2023-24 as against Rs 6,408.15 crore in 2019-20, leading to the more than doubling of farmers’ income, said Commerce and Industry Ministry on Wednesday. During this

Bengaluru: Karnataka State Beverages Corporation Limited (KSBCL) sold liquor worth Rs 308 crore during New Year celebrations in the state against the target of Rs 250 crore, sources said on Wednesday. KSBCL sources said liquor worth Rs 308 crore was sold till 2 p.m. on Tuesday (December 31). However, an official statement of the total

New Delhi:  The Indian space economy is set to grow nearly 5 times from $8.4 billion to around $44 billion in the next decade, Union Minister of State for Science and Technology, Dr Jitendra Singh, has stressed. Investments in the sector reached Rs 1,000 crore in 2023 alone, placing India as a frontline player globally.

Mumbai: The domestic benchmark indices opened flat on Wednesday as selling was seen in auto, PSU bank, financial service, pharma and metal sectors on Nifty. At around 9:35 am, Sensex was trading at 78,054.12 after declining 84.89 points or 0.11 per cent, while the Nifty was trading at 23,617.55 after declining 27.25 points or 0.12

New Delhi: After a resilient performance in 2024 amid geo-political headwinds, the Indian economy is poised to be supported by a stable political scenario, favourable policy environments, the effects of production-linked incentive (PLI) programmes, possibilities brought about by changes in the global supply chain and government emphasis on infrastructure spending. The Central government is focused

Mumbai: India’s gems and jewellery industry is optimistic over the year ahead after navigating market dynamics in 2024 to become stronger by the year-end, the All India Gem and Jewellery Domestic Council (GJC) said in a statement on Tuesday. GJC Chairman Saiyan Mehra said: “India’s gems and jewellery market is expected to grow to $100

Mumbai: The National Payments Corporation of India (NPCI) on Tuesday removed the unified payments interface (UPI) user onboarding limit for WhatsApp Pay with immediate effect. With this, WhatsApp Pay can now extend UPI services to its entire user base in India, the NPCI said in a statement. Previously, the NPCI had permitted WhatsApp Pay to