- Monday, May 05, 2025
By: Shubham Ghosh
HERE are some business and economy news in brief from India for Thursday, June 30:
Micro, small and medium enterprises one-third of India’s economy, budget raised 650% in 8 years, say PM Modi: Indian prime minister Narendra Modi on Thursday said India’s micro, small and medium enterprises (MSMEs) constitute a huge pillar of growth journey since they together account for almost one-third of the country’s economy. “When we say MSME, it expands in technical language to micro small and medium enterprises. But these micro, small and medium enterprises are a huge pillar of India’s growth journey. MSME sector accounts for almost one-third of India’s economy,” he said. Modi made the remarks while inaugurating the Rs 6,062.45-crore ‘Raising and Accelerating MSME Performance’ scheme for MSMEs at the ‘Udyami Bharat’ programme held at Vigyan Bhawan in New Delhi, Asian News International reported.
Andhra, Gujarat, Punjab, Telangana among top Indian states to do business: Modi govt report: Seven Indian states, including Andhra Pradesh, Gujarat, Haryana, Karnataka, Tamil Nadu, Punjab and Telangana – have scored more than 90 per cent in the Narendra Modi government’s ranking of states on ease of doing business. The Business Reforms Action Plan (BRAP) 2020, which was released by Indian finance minister Nirmala Sitharaman on Thursday (30), showed that the said states were in leading position when it came to completing a long list of reforms that the central government identified for bettering confidence of investors and access to government services for citizens.
Indian finance minister Nirmala Sitharaman not too concerned about tumbling rupee: When Indian finance minister Nirmala Sitharaman was asked on Thursday why the Indian rupee was seeing such a steady decline vis-à-vis the US dollar, she said the Indian currency was still better placed than many other global currencies “We are relatively better placed. We are not a closed economy. We are part of the globalised world. So, we will be impacted (by global developments),” she was quoted as saying.
Reliance Brands makes strategic deal with global food chain Pret A Manger: Reliance Brands Limited (RBL) on Thursday unveiled a strategic partnership with Pret A Manger — a leading international chain of fresh food and organic coffee. In its press release, RBL said it will expand the food chain across India with the help of the long-term deal, starting with the country’s largest cities and travel hubs, Moneycontrol reported.
Investment in real estate sector goes up in 2022: The Indian real estate sector has constantly witnessed an indomitable resilience and has been on investors’ radar contributing significantly to the country’s economic recovery and growth. Real-estate values are witnessing an upward trend across India. The rise in demand for the realty sector has been fuelled by improved sentiments of buyers and initiatives by the government and developers’ community, ANI/NewsVoir reported.
Cryptocurrencies a clear danger, need to guard against any disruption to financial stability, says RBI governor: India’s Reserve Bank of India governor Shaktikanta Das on Thursday said in Mumbai that cryptocurrencies are a clear danger and anything that derives value-based on make-believe, without any underlying, is just speculation under a sophisticated name. he said this in the foreword of the Financial Stability Report released on Thursday by the central bank, reported ANI.
PM Modi inaugurates Bosch’s first smart campus Spark.NXT: Indian prime minister Narendra Modi on Thursday remotely inaugurated Bosch’s new campus in Bengaluru, Karnataka, built at a cost of $100 million. The 76-acre Spark.NXT campus has multiple smart solutions based on sustainability, security, and user experience, the Hindu BuinessLine reported. “The smart campus will take a lead in the development of futuristic products and solutions for India and for the world,“ Modi said.
Windproof lighter brand Zippo makes a new beginning in India: Following its market re-entry last year, iconic windproof lighter brand Zippo goes live with its first landmark brand campaign in India, ANI/BusinessWire India reported. Commenting on the launch, Lucas Johnson, associate vice president, Zippo Global Marketing said, “I am very pleased to see our vision come to life with this brand film. We want to showcase the power within each of us, through the metaphor of burning away insecurities.
