Economy News ( English version)

A study by the University of New South Wales has found that India's Dedicated Freight Corridors (DFCs) will contribute ₹16,000 crore to the country's GDP. The operationalization of the Western DFC (WDFC) has led to reduced freight costs and travel times, lowering commodity prices by up to 0.5%. The DFCs accounted for 2.94% of Indian Railways' […]

Minister Nitin Gadkari has sanctioned two highway projects worth Rs 1155.86 crore in Andhra Pradesh and Madhya Pradesh. The projects aim to enhance road safety, reduce congestion, and stimulate economic growth, highlighting the government's commitment to improving connectivity and fostering regional economic activities.

Export Credit Agencies of Germany, Austria, and Switzerland, in collaboration with the Swiss Business Hub India, are engaging with Indian companies, banks, and government institutions to promote investment and cooperation, emphasizing the benefits of export credit instruments for leveraging European markets and supporting local partnerships.

The Centre plans to move 40 lakh tonnes of rice from Punjab within the next three-four months and create space for 20 lakh tonnes more. This aims to alleviate the current storage crunch and ensure smooth paddy procurement in Punjab. FCI will handle the weekly rice movement to other states to manage storage better.

Agriculture scientists in Odisha suggest measures to minimise paddy crop damage due to cyclone Dana's heavy rain. Eight coastal districts likely to be affected. Farmers are advised to keep drainage channels open, properly stack and cover harvested rice, dry grains after rain, and use fumigation for storage pests.