Economy

Date Heading Details
18-Oct-2019   12:49 Hrs IST NITI Aayog unveils India Innovation Index 2019 <p align="justify">Recognizing the role of innovation as a key driver of growth and prosperity for India, NITI Aayog with Institute for Competitiveness as the knowledge partner has released the India Innovation Index (III) 2019. The study report is an outcome of extensive research and analysis, which looks holistically at the innovation landscape of India by examining the innovation capabilities and performance of Indian states and union territories.<br></p><p align="justify">Karnataka, Tamil Nadu, Maharashtra, Telangana and Haryana have been ranked as top five most innovative major states in NITI Aayog's first Innovation Index. Chattisgarh, Bihar and Jharkhand are at the bottom of the index among states. Among north-eastern Hill states, Sikkim, Himachal Pradesh and Uttarakhand have top the index, while Delhi, Chandigarh and Goa have topped the list among Union Territories/City states/Small States. <br></p><p align="justify">Meanwhile, Vice Chairman of the NITI Aayog, Rajiv Kumar expressed hope that the India Innovation Index would create synergies between different stakeholders in the innovation ecosystem and India would shift to competitive good governance. <br></p>
18-Oct-2019   11:12 Hrs IST Domestic air passenger traffic rises by just 1.18% in September <p align="justify">Showing further slowdown in the aviation sector, the domestic air passenger traffic rose by just 1.18 percent in September 2019 as compared to the same month last year. According to the Directorate General of Civil Aviation (DGCA) data, domestic airlines flew 11.79 million passengers in September 2019, as against 11.35 million passengers carried in the same month of last year. In August 2019, the domestic passenger growth was 3.87 percent compared to the same month last year. </p><p align="justify">As per data, the passenger load factor of four major airlines -- Air India, GoAir, AirAsia and Vistara -- declined in September as compared to August last year. In terms of market share, IndiGo maintained its lead position with 48.2 percent share of the domestic passenger market in September. SpiceJet's market share fell to 14.7 percent in September from 15.5 percent in August, giving it the number two spot. The market share of Air India, GoAir, AirAsia and Vistara was 13 percent, 11.5 percent, 6.3 percent and 5.8 percent, respectively, in September. </p><p align="justify">DGCA further said ‘the numbers are disappointing. They have pulled down our projection (for 2018-19)...to 4-6 percent. The good news is that we have managed to withstand the sad exit of Jet Airways and maintained a positive growth despite three months of negative or almost flat growth.' It also said that the loss in the fleet on account of Jet Airways has largely been recovered and it expects an all-time high fleet of more than 616 aircraft in the air in a month's time from now. With some more aircrafts joining fleet by December 31, it also expects a return to double digit growth in the early part of next year.<br></p>
18-Oct-2019   10:17 Hrs IST NBFCs must lend money they get from banks to customers to fuel growth: Anurag Thakur
18-Oct-2019   09:49 Hrs IST India worked on fundamentals, but more structural reforms needed: IMF
18-Oct-2019   09:21 Hrs IST Investors can find no better place in the world than India: Finance Minister
17-Oct-2019   12:49 Hrs IST Need for policy measures to create jobs in rural areas: Gadkari
17-Oct-2019   10:44 Hrs IST Trade negotiations between India, US to conclude soon: Sitharaman
17-Oct-2019   10:15 Hrs IST Fundamentals of Indian economy ‘very very strong': CEA
17-Oct-2019   10:05 Hrs IST DoT trying to get more spectrum in mid-bands for auction: Telecom Secretary
17-Oct-2019   09:20 Hrs IST Finance Minister promises more reforms before the end of FY20 to boost growth