-PTI The government approved on Wednesday a Rs 6,000-crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attracting investments of $11 billion and generating $30 billion in exports. The measures approved include additional incentives for duty drawback scheme for garments, flexibility in labour laws to increase productivity as well as tax and production incentives for job creation in garment Manufacturing. “Over the last few years, apparel...

-The Indian Express The machines failed to click with farmers after the state government imported around 650 such machines from China and Japan and supplied them to the farmers on subsidy. Ludhiana: Paddy transplantation is on in full swing in the state and back in action this season are the forgotten transplanters. The machines failed to click with farmers after the state government imported around 650 such machines from China and Japan and...

-Business Standard As economic growth came in at 7.9 per cent in the fourth quarter of 2015-16, many argue that much of it could be attributed to discrepancies. Chief Statistician of India T C A Anant dispels these notions. He tells Dilasha Seth and Indivjal Dhasmana that the principal method of calculating the gross domestic product (GDP) is by taking into account the production-side estimates and not an expenditure one. Edited...

-The Telegraph New Delhi: Official statistics suggest the juggernaut of India's economy has started to roll at a clattering pace. But some analysts stayed cautious, keeping in mind the low investment levels. The Central Statistical Organisation (CSO) today said the gross domestic product (GDP) - the broadest measure of the economy - had grown at a robust 7.9 per cent in the fourth quarter (January-March 2016), which enabled the government to fulfil...

-Business Standard A recent report suggests different ways to eliminate poverty and argues that accelerated growth is the most suitable medicine to reduce incidence of poverty Adding some and modifying some others is how the National Democratic Alliance (NDA) government is planning to go about its welfare programmes in the coming days. While the Mid-Day Meal Scheme (MDMS) is likely to be extended to some private schools, the Mahatma Gandhi National Rural...