India’s gold reserves continue to rise, ETF buying surges

NEW DELHI: India’s gold reserves are increasing at a regular basis and according to experts, bullion is likely to remain supported by safe-haven demand and strong buying among gold exchange-traded fund (ETF) investors. As per latest data by the Reserve Bank of India (RBI), gold reserves increase by $726 million to $63.613 billion, compared to […]

Goyal urges focus on producing high-quality goods to promote ‘Brand India’

NEW DELHI: Union Minister of Commerce Piyush Goyal has urged the Indian industry to focus on prioritising the production of high-quality goods to promote ‘Brand India’ through sustainable practices in line with the Prime Minister’s vision of Make in India with ‘Zero Effect; Zero Defect’. Goyal’s remarks came while engaging with the CEOs of over […]

330 million mobile phones being manufactured in India a year: Govt

NEW DELHI: India’s electronics sector is currently employing about 1.2 million people all over the country, as 325 to 330 million mobile phones are being manufactured every year, the government said on Thursday. The country has witnessed rapid growth in electronics manufacturing – from Rs 1.9 lakh crore in 2014-15 to Rs 9.52 lakh crore […]

India’s tourism sector poised to create 39.5 million jobs by year end

NEW DELHI: India’s tourism sector is poised to create approximately 39.5 million jobs by the end of year which is likely to rise to 42.3 million employment opportunities by 2025, a report showed. Direct employment will account for 31 per cent of these roles, including positions like tour guides, hotel staff, and tour operators, according […]

Google restricts creation of new accounts in Russia

NEW DELHI: Alphabet’s Google has restricted the creation of new accounts for Russian users, state news agencies cited Russia’s digital ministry as saying on Thursday. Google has been under pressure in Russia for several years, particularly for not taking down content Moscow considers illegal and for blocking the YouTube channels of Russian media and public […]

Medical shop sealed in Kulgam

KULGAM: A medical shop in Yamrach Yaripora was sealed by Drug Control officials today after it was found violating license conditions and flouting norms under the Drugs & Cosmetics Act, 1940. This swift action was taken in response to a specific complaint filed against the shop. The action against the erring was part of an […]

Outbound tourism from India sees 12 pc growth, forex earnings up 23 pc

NEW DELHI: Indian tourists are rapidly emerging as a significant growth engine for global tourism, with a 12 per cent growth in the first half of this year, compared with the same period in 2019 before the pandemic, according to a report on Wednesday. The picture is even brighter when it comes to foreign exchange […]