Capex push: Nirmala Sitharaman calls it ‘primary driver of sustained growth’; says ‘we have to have capital expenditure grow’

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority. She also underlined that the government will continue to rely on increased public capital expenditure as a major tool to drive development.Speaking at a book…

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Sanctions risk: Indian firm defends explosive shipment to Russia; says material for civilian use only

This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with Indian rules and that the shipment was strictly for civilian industrial purposes, not military use.According to news agency Reuters, Ideal Detonators Private Limited confirmed that…

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Rare earth supply risk: Indian electronics firms worried as Chinese curbs may hit; but can Beijing also afford this?

This is an AI-generated image, used for representational purposes only. A number of applicants under India’s Electronics Component Manufacturing Scheme (ECMS) have flagged concerns over meeting their first-year production targets due to ongoing shortages of rare earth minerals. According to ET, at least 10 companies have raised the issue with the ministry of electronics and…

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India-US trade deal: Piyush Goyal shares important update; says negotiations ‘making fast progress’

File photo: Commerce and industry minister Piyush Goyal (Picture credit: PTI) Commerce and industry minister Piyush Goyal on Saturday said that discussions with the United States on the proposed bilateral trade agreement are progressing swiftly.Addressing the media, Goyal said that negotiations with Washington are “making fast progress”, as per news agency PTI. India-U.S. Trade Deal:…

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