Tag: industry

Economic Survey 2023-24: Link skill development with production-linked, job-linked sops in high-growth areas

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Economic Survey 2023-24: Link skill development with production-linked, job-linked sops in high-growth areas

Only 4.4% of India’s young workforce is formally skilled, said the Economic Survey 2023-24. File | Photo Credit: M. Moorthy With only 4.4% of India’s young workforce formally skilled, linking skill development with production Linked Incentive (PLI) and employment-linked incentive schemes in high-growth potential sectors like toy, apparel, tourism, logistics and textiles would aid upgrading…

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Business

Watch: Union Budget 2024: Insurance sector expectations

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Watch: Union Budget 2024: Insurance sector expectations

Watch: Union Budget 2024: Insurance sector expectations The insurance sector is one of India’s fast growing and key segments within the country’s financial system. Given its sheer size, insurance is in itself an industry and makes for a strong case for reforms, continued push for regulatory changes and some tax tweaks. We look at the…

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Business

Government Not Planning To Levy Any Tax On Diesel Vehicles: Nitin Gadkari

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Government Not Planning To Levy Any Tax On Diesel Vehicles: Nitin Gadkari

Union minister Nitin Gadkari NEW DELHI: Seeking to clarify his remarks on the taxation of diesel vehicles, Union minister Nitin Gadkari said on Thursday that he wanted to convey to automobile manufacturers the need to take steps to reduce pollution and also added that there is no proposal to levy a tax on such vehicles….

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Nation

Domestic passenger vehicle wholesales rise 2.94% in July: SIAM

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Domestic passenger vehicle wholesales rise 2.94% in July: SIAM

Two-wheeler domestic wholesales were down at 12,82,054 units last month, as against 13,81,303 units in July 2022. | file photo | Photo Credit: PTI Domestic passenger vehicles wholesales registered a 2.94 per cent year-on-year increase in July at 3,02,521 units, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday. As per the latest data…

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Business

India’s wholesale prices remain in deflationary territory for third successive month in June

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India’s wholesale prices remain in deflationary territory for third successive month in June

The decline in the inflation rate in June is primarily due to a fall in prices of mineral oils, food products | Photo Credit: Reuters India’s wholesale prices remained in deflationary territory for the third successive month in June, with the pace of price contraction from a year ago quickening to -4.12% from -3.48% in…

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Business

Private sector share in investment sees sharp decline in Q1

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Private sector share in investment sees sharp decline in Q1

“The private sector lost steam and the manufacturing sector, which dominated fresh capex plans in recent quarters, saw a drop in terms of project numbers as well as investments proposed” File | Photo Credit: Reuters Private investors turned cautious in the first quarter of 2023-24, with fresh manufacturing investment plans shrinking 17.5% year-on-year and overall…

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Business