Daily News
The Global Innovation Index for 2023 has India in 40th place
India maintained its ranking of 40th on the annual Global Innovation Index (GII) 2023 with a score of 38.1 thanks to its thriving start-up ecosystem, intellectual capital, and the efforts of both public and private research institutions.
Date-29/09/2023
India’s economy will reach $5 trillion and position third by 2027
By 2027, India’s economy, which will benefit from its demographic advantage and the rapid growth of the financial sector, will be worth USD 5 trillion and rank third in the world by market exchange rates.
Date-22/09/2023
Understanding India’s growth rate to determine if the economy is booming or stalling
What’s the state of the Indian economy? Every Indian is interested in knowing the answer to this issue, and more and more outsiders are as well. Unfortunately, yet another misdirected dispute between the administration and its detractors has hidden this issue.
Date-15/09/2023
The initiatives to standardize battery swapping policy are led by NITI Aayog
The Centre intends to launch new discussions in order to establish interoperable standards for battery-swapping regulations. The Ministry of Heavy Industries has been requested by NITI Aayog,
Date-11/09/2023
India must expand at a rate of 8–9% for 20 years in order to achieve development by 2047
To become a developed country by 2047, India must expand at an annual rate of 8–9% for the following 20 years. The ‘China plus one’ strategy can be advantageous for India because no other nation can provide the scope and size of operations that are possible here
Date-08/09/2023
How accounting for carbon emissions aids in achieving net zero targets
There are two ways to reach a target. Alternatively, a corporation can purchase carbon credits on a market where companies who invest in technologies or plant trees can sell their carbon-positive points to businesses that have a negative carbon rating.
Date-07/09/2023
India is looking for more natural gas quantities to increase electricity production
As part of emergency measures to avert power outages, India is seeking greater natural gas quantities and has requested utilities to speed up the completion of power plant maintenance.
Date-06/09/2023
India will become a leading source of green fuel for the shipping industry
The Indian Union Government wants to turn India into a major source of environmentally friendly hydrogen, ammonia, and methanol for the shipping industry. The most affordable source of these green fuels will be India. In the next ten years, shipping will become more environmentally friendly, so we must be ready.
Date-05/09/2023
The right policies will assist India in exporting $2 trillion by 2030
India would be able to meet its goal of exporting goods and services worth USD 2 trillion by 2030 with the aid of sound regulations and a proactive approach from the government. Geopolitical tensions continue to cause havoc in the world economy, and the trading situation is extremely difficult.
Date-04/09/2023
India creates history when Chandrayaan-3 lands on the south pole of the moon
India completed its Chandrayaan-3 mission on Wednesday, becoming the fourth nation after the former USSR, the US, and China to soft-land on the moon after 18 minutes of intense worry and suspense.
Date-24/08/2023
According to the Oil Ministry, crude oil refining output increased 2.2% to 21.9 MMT in July
In July, Indian refineries processed 21.9 million metric tonnes (MMT) of crude oil, a 2.2% rise over the 21.42 MMT handled in July 2022, according to data made public by the Petroleum Planning and Analysis Cell (PPAC). From June, the refining throughput increased by 1.7% sequentially.
Date-22/08/2023
First crude oil transaction between India and the UAE is made in local currency
Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL) conducted the first crude oil transaction ever under the recently introduced Local Currency Settlement (LCS) system. The sale of roughly 1 million barrels of crude oil was a part of the deal.
Date-16/08/2023
Data law disclosure standards could put generative AI at risk
Models of generative artificial intelligence (AI) like ChatGPT and Google’s Bard AI might run afoul of the country’s recently passed data privacy law. This is because it mandates that all platforms reveal the personal data they currently hold and obtain user consent before processing it further.
Date-14/08/2023
Ban on rice exports from India puts the market on edge for similar restrictions
As competitors attempt to cover the 10 million metric tonne vacuum left by New Delhi, the world market is bracing for similar steps by rival suppliers to prevent potential domestic shortages.
Date-11/08/2023
In order to keep inflation under control, the RBI is expected to maintain rates and policy
To boost growth while food inflation surges in Asia’s third largest economy, India’s central bank is anticipated to maintain its benchmark rate and policy stance for a third straight meeting.
Date-09/08/2023
Concern is growing about India’s rice export restriction and whether sugar could follow
As a result of India’s prohibition on some rice exports in an effort to regulate domestic prices, traders are concerned that sugar, another key crop, may also be at risk.
Date-07/08/2023
Foxconn will invest $600 million in Karnataka for components and Chip making equipment
To demonstrate its rising interest in the South Asian country as it expands its investments beyond China, Foxconn will invest $600 million (about 4,938.12 crores) in two projects in Karnataka to produce casing components for iPhones and chip-making equipment.
Date-03/08/2023
As India’s prohibition restricts supplies, the global rice market is poised for government bargains
As supplies are being squeezed and worries about food security are being raised by India’s prohibition on imports of a crucial type, international rice importers are likely to look for direct agreements with governments in supplying nations.
Date-26/07/2023
Mixed results for engineering exports, but increased commerce with Russia
India’s engineering exports to important markets like the US, the EU, and China fell again in June 2023, suggesting a difficult international trade environment.
Date-24/07/2023
India’s gasoline exports increased more quickly than its non-fuel exports in the first year of the free trade agreement with the UAE
India’s non-petroleum exports increased at a comparatively slower rate than exports of refined petroleum products to the West Asian country a year after the United Arab Emirates (UAE) and India’s free trade agreement (FTA) went into effect.
Date-20/07/2023
According to RBI, the nation must grow at a 7.6% rate to become developed by 2047–2048.
According to a research conducted by employees of the Reserve Bank of India, for India to achieve developed status by 2047–2048, real GDP must rise at a rate of 7.6% annually over the following 25 years, increasing its per capita GDP from its current level of $2,500 to $20,000 per year.
Date-18/07/2023
Producers of auto components increasing their involvement in the green mobility sector
In response to increasing market penetration, auto auxiliary businesses are increasing their expenditures in manufacturing and research and development (R&D) facilities to serve the expanding electric vehicle (EV) industry in India.
Date-13/07/2023
Trade restrictions in local currency
A number of countries are growing more and more uneasy with the US dollar’s hegemony. Concerns grew significantly as a result of the US-led West’s use of the global financial system as a weapon against Russia following the invasion of Ukraine. Clearly, no nation wishes to find itself in such a circumstance.
Date-12/07/2023
India’s economy could overtake that of China by 2075
By 2075, India’s economy is expected to exceed both Japan and Germany and the United States to become the second-largest in the world. By 2075, India’s GDP is anticipated to reach $52.5 trillion, falling short of China’s $57 trillion but surpassing the US’s $51.5 trillion.
Date-11/07/2023
RBI panel lays out a plan to internationalise the rupee and lessen reliance on the dollar
The Reserve Bank of India (RBI), which was established to explore the internationalisation of the rupee, has advised steps for transactions in the local currency that is widely used abroad, thereby reducing dependence on the dollar.
Date-06/07/2023
Data privacy and generative AI
Artificial intelligence, or AI, has made great strides over the past five years, especially as machine learning and deep learning algorithms have improved and more processing power and data have been accessible. However, only individuals who were genuinely interested in AI or digital technology in general kept up with this development.
Date-04/07/2023
While worldwide output fell by 5% in May, India’s steel production increased by 4.1%.
According to the World Steel Association (worldsteel), India’s crude steel production increased by 4.1% to 11.2 MT in May 2023, despite a 5.1% decline in global output to 161.6 MT.
Date-23/06/2023
Digital transformation is a priority for the manufacturing sector
Manufacturing businesses are prioritizing digital transformation, and 54% of them have already included analytics and artificial intelligence into their daily operations.
Date-21/06/2023
India is aiming to produce $300 billion worth of electronics: MoS IT
The government is on track to meet its goal of $300 billion in electronics manufacturing, which will represent a staggering 20–25 times growth in less than ten years.
Date-20/06/2023
Capex in the private sector will be a major driver of growth
In a special interactive session, Chief Economic Advisor V Anantha Nageswaran voiced optimism about India’s economic prospects.
Date-16/06/2023
By 2027, India will surpass China as the world’s second-largest oil consumption
By 2027, India’s rise in oil demand will eclipse China’s. From 2.4 million barrels per day at present to 400,000 barrels per day by 2028, the demand for oil will be reduced globally as a result of improved technology and logistics used by electric vehicles (EV) and the oil sector.
Date-14/06/2023
India will issue fewer annual GDP estimates to prevent market confusion
According to people familiar with the situation, India is considering reducing its official annual gross domestic product estimates from six to four in order to prevent the many revisions that market analysts have previously characterized as confusing.
Date-11/06/2023
Reforms in the mining and coal industries resulted in greater revenue
The government’s changes in the coal and mining industries have enhanced state revenues and greatly expanded production of coal and other minerals.
Date-08/06/2023
According to the World Bank, the Indian economy would grow the fastest in FY24
Of the most emerging market and developing economies, India’s GDP (gross domestic product) would continue to rise at the quickest rate both overall and per person. India’s FY24 growth prediction of 6.3% was maintained.
Date-07/06/2023
The centre will soon accept many plans for chip production plants
Rajeev Chandrasekhar, the Union Minister of State for Electronics and IT, announced that the government would approve numerous plans for semiconductor packaging and fabrication facilities in the upcoming weeks as the Centre reopened the window for new fab applications for leading and mature nodes.
Date-01/06/2023
Why is India likely to continue to be the fastest-growing economy in terms of GDP?
India’s economy is anticipated to display significantly increased sequential and compared to the previous growth in the most recent January-March quarter (Q4 FY23), propelled by the manufacturing and services sectors and a positive increase in private investment.
Date-31/05/2023
WHY IS INDIA STEADILY INCREASING ITS PETROCHEMICALS CAPACITY?
India is playing a role in a global game involving petrochemical production from oil refineries. For at least a decade, investments appear bullish and unaffected by the conflict between Russia and Ukraine. Indian-based refining companies are on track to make significant investments in new capacity,
Date-24/05/2023
El Ninos left behind lasting economic scars and cost trillions of dollars
A new study concluded that the annual El Nino warming burst that alters the weather globally is significantly more expensive and has longer-lasting costs than experts had previously estimated, causing damage that averages trillions of dollars.
Date-19/05/2023
India eliminates the 4,100 rupee per tonne windfall tax on crude oil
India reduced its windfall tax on crude oil from Rs 4,100 ($50.13) per tonne to zero. Domestic crude oil now only carries a windfall tax of Rs 4,100 per tonne as opposed to Rs 6,400 per tonne previously. However, the administration decided to maintain the zero percent windfall tax on petrol, diesel and aviation turbine fuel (ATF).
Date-16/05/2023
Centre declares a $2 billion investment in the Semiconductor Laboratory in Mohali
On Friday, Union Minister Rajeev Chandrasekhar said that the Centre would spend $2 billion on research and prototyping at the Semiconductor Laboratory (SCL) in Mohali. According to the minister, the government has created a semiconductor education curriculum for colleges and
Date-12/05/2023
India is urging the EU to accept carbon certificates for MSMEs
In order to shield its domestic industry from the burden of the EU’s impending carbon tax, which would take effect in October of this year, India is pressuring the EU for a mutual recognition agreement for its carbon certificates and exemptions for MSMEs in particular sectors.
Date-10/05/2023
India’s dependence on China may be reduced because of new lithium riches in Rajasthan
If government officials in Rajasthan are to be believed, lithium reserves have been found in the Rajasthani region of Degana (Nagaur).
Date-09/05/2023
Government to seek funding for next-generation tech development after green hydrogen mission meeting
On May 5, at the inaugural meeting of the empowered group for the National Green Hydrogen Mission (NGHM), the Ministry of Heavy Industries (MHI) intends to provide a comprehensive plan for securing funding for Bharat Heavy Electrical’s (BHEL) next-generation technology development.
Date-05/05/2023
A per RBI report, 2.5% of India’s GDP is required for additional green financing
Through 2030, India would need an additional yearly investment in green financing of at least 2.5% of GDP. According to a Reserve Bank of India (RBI) report, this is done to close the infrastructure gap for targets related to combating climate change.
Date-04/05/2023
The International Monetary Fund (IMF) placed its confidence in India for a recovery of the world economy
India continues to be a relative “bright spot” in the global economy, thus the International Monetary Fund (IMF) has placed its hopes in it for a recovery. The IMF predicts that global production growth will decelerate to 2.8% in 2023 (the calendar year), then rise up to 3% in 2024.
Date-02/05/2023
India will increase its bids for renewable energy projects as the year 2030 approaches
In order to make more headway towards its 2030 clean power objective, India will more than increase the capacity of the auctions used to distribute renewable energy projects.
Date-26/04/2023
Why is India surpassing Singapore as the best place for business?
Singapore, which has held the top spot in the ranking for the past 15 years, was once again named the country with the greatest business environment in the world according to a survey released last week by the Economist Intelligence Unit (EIU).
Date-17/04/2023
India’s trade deficit grew to $19.73 billion while exports increased by 6% to $447 billion
According to government statistics, India’s merchandise trade deficit in March 2023 was $19.73 billion, up from $17.43 billion in the preceding month. India’s exports increased by 6% to $447 billion in 2022–23 from $422 billion in 2021–22, thanks to robust development in the outbound shipments of industries including petroleum, pharmaceuticals, chemicals, and marine products.
Date-14/04/2023
India’s fuel demand in March surges to a record high due to strong economic activity
India, the third-largest user of oil in the world, saw its fuel consumption soar to a record high in March as a result of strong economic growth.
Date-11/04/2023
Government is catching up and aims to build infrastructure to evaluate new-tech automobiles
To ensure that testing of vehicles using the newest technologies is done effectively, the government will modernize its testing infrastructure for automobiles. Test vehicles with internet- enabled devices are referred to as the latest technology vehicles.
Date-10/04/2023
PM Gati Shakti’s Network Planning Group approves four infrastructure projects
Under the PM Gati Shakti programme, the Network Planning Group (NPG) has authorised four railway-related infrastructure projects. The PM Gati Shakti – National Master Plan was introduced in October 2021 with the goal of creating an integrated and planned infrastructure to lower logistical costs.
Date-07/04/2023
Shortage of semiconductor chips could interfere with automaker’s plans for FY24 output
Although passenger car sales in India reached a record high of 3.9 million units in 2022–23, up 27% from the previous fiscal year, the nation’s largest automaker, Maruti Suzuki India (MSIL)
Date-04/04/2023
Government announces Foreign Trade Strategy 2023, aiming for $2 trillion in exports by 2030
The Center released the Foreign Trade Policy (FTP) 2023 in an effort to increase the nation’s exports in the face of sluggish global trade. By switching from an incentive-based system to one that is remission and entitlement-based, the Centre has detailed its ambition to increase India’s exports of goods and services to $2 trillion by 2030.
Date-31/03/2023
The Indian economy will expand at 6.5% over the next ten years
According to Chief Economic Advisor (CEA) V Anantha Nageswaran, the Indian economy is projected to expand at a 6.5% annual clip over the next ten years as a result of the financial and investment cycle’s reversal. Due to the various uncertainties the globe is experiencing, the growth rates of global exports may be a little tepid.
Date-30/03/2023
By 2025, the wind industry can anticipate record installations
According to the Global Wind Energy Council (GWEC) annual report 2023, the wind sector can anticipate record installations in both onshore and offshore markets by 2025, with 680 GW of new capacity anticipated by 2027.
Date-28/03/2023
India might take the lead in developing sustainable aviation fuel
India can take the lead in developing sustainable aviation fuel by utilizing opportunities in the global supply chain. He noted that although sustainable aviation fuel is now significantly more expensive than conventional fuel, airlines and airports would be pressured to adopt sustainable methods.
Date-21/03/2023
For the second year running, India surpasses China in unicorn production in 2022
In spite of macroeconomic instability and recessionary worry impacting investments, India launched more new unicorns in 2022 than China did for the second consecutive year.
Date-16/03/2023
RBI assesses the effects of the Silicon Valley Bank bankruptcy on banks
The Reserve Bank of India (RBI) has jumped into action days after Silicon Valley Bank’s (SVB) demise to assess its effects on Indian businesses and banks. The regulator has begun gathering data on the exposure of banks and non-banks to the collapsed Santa Clara-based lender.
Date-14/03/2023
Price cap will be increased to address India’s high demand for electricity
If another hot summer causes shortages similar to last year’s, India’s largest power consumers will soon be able to get more expensive electricity rather than being compelled to reduce operations.
Date-09/03/2023
India will get $1 billion from the World Bank for public healthcare facilities
India and the World Bank have agreed to two complementary loans totaling USD 500 million each to assist and improve the nation’s healthcare system. The bank will fund India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Initiative (PM-ABHIM), announced in October 2021, to build the public healthcare infrastructure throughout the nation, with a combined financing of USD 1 billion (about Rs 8,200 crore).
Date-06/03/2023
By 2050, Goa wants to use only renewable energy in all sectors: CM
Pramod Sawant, the chief minister of Goa, announced on Friday that the state has established a goal to use only renewable energy by 2050 in all sectors. By 2050, the Goa government wants all sectors of the state to be powered entirely by renewable energy. Some 15,000 new jobs are anticipated to be created as a result of this ambitious strategy, 500 of which will be solely dedicated to the solar and wind energy producing industry.
Date-03/03/2023
Southeast Asia is being forced by climate change to begin sharing power
The need for Southeast Asian countries to transition to renewable energy in order to battle climate change is reviving a 20-year-old idea for the region to exchange power.
Date-28/09/2023
Concentrating on specialized markets for semiconductors
The government has made the decision to concentrate on “niche” opportunities in the semiconductor industry, such as silicon carbide or gallium nitride chips (also known as compound semiconductors), where it believes it can soon become a “global leader”.
Date-25/09/2023
Tensions between India and Canada: Potential danger to multibillion dollar business deals
Although experts say there may not be an immediate impact, the heightened diplomatic tensions between India and Canada could have a negative influence on economic relations if the rift grows.
Date-20/09/2023
According to the RBI study, the economy is strengthening and inflation will continue to decline in September
The Indian economy is expanding despite dimming global prospects, driven by internal factors such as private consumption, fixed investment, and significant state sector capital spending, and supply responses are getting better.
Date-19/09/2023
Farm mechanization’s unfinished business
While reducing hardship is undoubtedly one of the much-needed and desired benefits of farm mechanization, it is not the main goal of the practice. To increase the accuracy and efficiency of farm operations, save expenses, and boost production and profitability,
Date-18/09/2023
India will export renewable energy technology and produce 100 GW of solar energy
India will establish itself as a major player in the global supply chain for renewable energy equipment and start exporting as its solar manufacturing capacity alone reaches 100GW by 2026.
Date-14/09/2023
Coal India is going to contribute Rs 24,750 crore in 61 green projects
To promote environmentally friendly coal transportation, national miner Coal India Ltd (CIL) announced that it would spend Rs 24,750 crore on 61 first-mile connectivity (FMC) projects. Compared to utilizing a vehicle to move coal from a mine to a rail siding
Date-13/09/2023
Is India overestimating inflation, given that it is weighted toward food and drink?
It is frequently asserted that the consumer price index (CPI), which is based on the household consumption expenditure survey of 2011–12, gives food and beverage goods an outmoded priority, which is the cause of the present increase in the retail price inflation rate.
Date-12/09/2023
India must expand at a rate of 8–9% for 20 years in order to achieve development by 2047
To become a developed country by 2047, India must expand at an annual rate of 8–9% for the following 20 years. The ‘China plus one’ strategy can be advantageous for India because no other nation can provide the scope and size of operations that are possible here
Date-08/09/2023
Technology outside of space – Boosting the private sector will expand opportunities
If the new Indian Space Policy is successful as intended, India’s participation in the global civil space economy could significantly rise. The term “space economy” refers to a broad range of activities and resource uses that add value as space is being explored,
Date-1/09/2023
India’s infrastructure obstacles might be cleared via the Gati shakti framework
India has had major cost and time overruns as a result of implementation issues with many infrastructure development projects. The fact that different government departments and ministries operate in silos with little or no coordination
Date-31/08/2023
The world’s first flex fuel vehicle will debut today in India: Why it’s important
In an effort to use alternative fuels like hydrogen, flex-fuel, biofuel, and others while reducing the nation’s reliance on conventional fuel sources, India will today introduce the first BS-VI (Stage-II), electric flex-fuel car.
Date-30/08/2023
India will expand fastest among major countries, according to the finance secretary
The fastest growth rate among the world’s top economies, including China, the US, Germany, and Japan, is predicted for India, making it the country with the greatest potential for future development, according to the finance secretary.
Date-25/08/2023
India’s exports reach $800 billion in the first six months of 2023
Despite a downturn in global demand, India’s total exports and imports of commodities and services surpassed the USD 800 billion barrier during the first half of 2023 thanks to a solid rise in its services sectors.
Date-21/08/2023
BY 2030, THE GOVERNMENT HOPES TO COMBINE 5% BIODIESEL WITH ETHANOL
The government is counting on ethanol to help them reach its 2030 goal of mixing 5% biodiesel into diesel sales. Biodiesel, which is frequently used in Europe, is a biodegradable fuel that is typically produced from vegetable oils,
Date-18/08/2023
By 2026, the digital economy will represent more than 20% of GDP
According to Rajeev Chandrasekhar, Union Minister of State for Electronics and Information Technology, the digital economy would account for more than 20% of the nation’s GDP in 2026.
Date-17/08/2023
On track to generate 24-hour renewable power: Tata Energy
Tata Power announced a 29% increase in profit for the first quarter of the fiscal year 2023–2024 (Q1FY24), the company’s 15th consecutive quarter of profitability.
Date-10/08/2023
India is thinking about letting private corporations build nuclear power plants
The state-controlled nuclear power sector in India is exploring allowing more private companies to participate in order to construct tiny modular reactors that will aid in the decarbonization of industry.
Date-04/08/2023
PLI, tax advantages, and more: Niti’s suggestions to increase the production of EV batteries
The Niti Aayog has proposed incentives in the form of production-linked incentive (PLI) schemes, tax breaks, and royalties to encourage the processing and refining of minerals used in lithium-ion batteries as part of the efforts to promote electric vehicles and increase local value addition.
Date-01/08/2023
India will reach middle-income status by 2030, with a $6 trillion GDP.
By 2030, India’s per capita income is predicted to increase by around 70% to $4,000 from $2,2450, making it a middle-income nation with a $6 trillion GDP. By 2030, home consumption in India will account for more than half of total. The income per person in the nation increased from $460 in 2001 to $1,413 in 2011 and $2,150 in 2021.
Date-31/07/2023
India’s FY24 GDP growth prediction is increased by the IMF by 20 basis points to 6.1%
India’s GDP prediction for FY24 was increased by 20 basis points to 6.1% by the International Monetary Fund (IMF) on Tuesday due to the nation’s faster-than-anticipated economic momentum in the March quarter of FY23.
Date-25/07/2023
How many different types of chips are produced worldwide? What is a fab plant?
A fab factory is a manufacturing facility where raw wafers go through a difficult procedure to become integrated circuits (ICs).
Date-21/07/2023
Taiwan wants investment outside the chip industry to improve relations with India
Before the year comes to an end, it’s feasible that there may be more direct flights between Taiwan and India than the current two or so each week. Business trips between the two nations are a time-consuming exercise due to the lengthy layovers.
Date-19/07/2023
India will not impose an anti-subsidy tax on certain Chinese steel product
Despite a proposal from trade officials and pressure from local steel industries, India will not apply countervailing tax (CVD) on specific steel goods imported from China.
Date-14/07/2023
To generate green hydrogen, the government has invested in an eco-system
The Centre has established an ecosystem to promote the growth of green hydrogen in the nation. Since we have a lot of solar energy and have made investments in our power grid, we have a natural advantage in manufacturing green hydrogen.
Date-10/07/2023
India is more prepared than ever for sustained growth, the finance ministry claims
According to the finance ministry’s presentation of its Annual Economic Review for 2022–2023, India is in a better position than before to maintain its growth because the economy has continued to expand well since FY23.
Date-07/07/2023
The majority of India’s services exports come from the digital sector
The proportion of exports that are mostly distributed digitally has been increasing during the outbreak. According to data from the joint World Bank and World Trade Organisation study ‘Trade in Services for Development,’ they increased from being 26.4% of exports in India in 2019 to 28.6% in 2022.
Date-05/07/2023
India is converting to cleaner fuels more quickly than other nations
In contrast to many other nations, India is moving more quickly towards cleaner fuels. The World Economic Forum (WEF) in Geneva published its Energy Transition Index (ETI) on June 28. India was ranked 67th out of 120 nations. In 2014, it was ranked 94.
Date-03/07/2023
The third G20 infrastructure working group meeting focuses on “creating liveable cities.”
The third and final infrastructure working group (IWG) conference under India”s G20 hairmanship began with a focus on “creating liveable cities.” The discussions allowed G20 leaders to learn and discuss crucial issues ranging from climate change to infrastructure resilience,
Date-27/06/2023
India’s economy is booming despite its still-high interest rate
Due to strong domestic demand, India’s economic activity grew again in May, reassuring policymakers that rates may be raised for longer even if the current largest risks are heat waves and below-average rains.
Date-22/06/2023
EPR is currently being explored for the circular economy to encourage recycling
The Indian government is debating the use of policy tools like Extended Producer Responsibility (EPR) to encourage recycling in order to foster a circular economy and lessen waste.
Date-19/06/2023
India has firmly taken the lead in global energy affairs
India has clearly established itself as the hub of world energy issues. Nation has drawn international attention for its initiatives in a range of sectors, including solar, coal, hydrogen, and biofuels, while speaking at a G20 forum on energy transition in Delhi.
Date-15/06/2023
Power plants using imported coal will run continuously through September
According to a government order, India said that power plants using imported coal will need to operate at full capacity till the end of September, extending a previous deadline by more than three months.
Date-12/06/2023
India’s internet market will increase six-fold to $1 trillion by 2030
By 2030, the e-commerce sector is predicted to be the primary driver of a six-fold increase in India’s internet economy, which will reach USD 1 trillion. The analysis predicts that the B2C e-commerce sector would grow at a faster rate than B2B e-commerce,
Date-06/06/2023
EV start-ups will power India’s next unicorn club as part of a climate technology push
Indian climate technology, particularly that which relates to start-ups in the electric vehicle (EV) arena, has seized a substantial share of investment, despite a continuing funding slowdown, in keeping with the nation’s aim of reaching net-zero emission by 2070.
Date-05/06/2023
India becomes a major source of FDI into Dubai, according to a report
According to the most recent study, India has become a significant source of foreign direct investment (FDI) in Dubai, one of the richest of the seven emirates in the United Arab Emirates.
Date-30/05/2023
The Centre pursues sustainable growth through circular economy and green hydrogen technologies
An examination of the Central Government’s environmental measures is necessary as India overtakes China as the world’s most populous nation, with Delhi serving as the political capital of the biggest political party at a time when global climate change is occurring at an accelerated rate.
Date-29/05/2023
Nearly 30% of the nation’s green shipping projects will be funded by the centre
Following a series of initiatives to quicken India’s transition to a greener shipping industry, the Ministry of Ports, Shipping, and Waterways (MoPSW) announced it will contribute nearly a third of the funding to green shipping initiatives there.
Date-23/05/2023
What is the ‘Clean Note Policy’ of the RBI and why are notes being revoked under it?
The Central Bank stated in a statement that the RBI’s Clean Note Policy aims to give citizens high-quality currency notes and coins while removing worn-out notes from circulation.
Date-22/05/2023
Are open digital markets the upcoming big thing in India for e-commerce?
The man behind Aadhaar, the largest digital identification project in the world, and India’s widely praised payments revolution has discovered a new passion: democratising burgers and biryani. Chairman of Infosys Ltd. Nandan Nilekani’s newest venture into public-policy evangelism, Open Network Digital Commerce, is already causing concern for restaurant delivery systems.
Date-18/05/2023
India’s GDP is still forecast to rise by 6.7% in 2024, according to the UN
According to a UN research, India’s economy is projected to expand by 6.7% in calendar year 2024, buoyed by strong domestic demand. However, rising interest rates and weaker global demand are predicted to continue to hamper investment and exports this year.
Date-17/05/2023
Centre declares a $2 billion investment in the Semiconductor Laboratory in Mohali
India set off on an exhilarating new path that may enable it to quickly address the most challenging issues that used to take years to resolve, whether they relate to developing medications that are specifically tailored to each person’s unique genetic composition, monitoring the financial markets in real-time, or ensuring secure communication.
Date-15/05/2023
Thermal power firms may transition to green energy faster than anticipated
In April and May this year, there have been two consequential news stories in the Indian energy sector. The first one is that NTPC Green Energy is set to be listed this year. The second news is that India will not approve any new coal plants beyond those already under construction.
Date-11/05/2023
India is thinking about permitting foreign participation in the nuclear energy sector
In an effort to promote greener energy, the government is thinking about lifting a restriction on foreign investment in its nuclear power business and allowing more domestic private firms to participate.
Date-08/05/2023
In April, India’s services sector growth reached an almost 13-year high
April saw the highest growth in new business and output in over 13 years for India’s services sector as a result of robust demand conditions. The service industry in India had a stellar month in April, with strong demand supporting the greatest gains in new business and output in less than 13 years. The sector with the fastest sectoral growth for both measures was finance & insurance.
Date-03/05/2023
The Indian economy is strong, and GDP is expected to expand by 6% in FY23
In FY24, India’s gross domestic product (GDP) growth will be 6%. The Indian economy continues to show strength and stability despite the fact that the global macro economy continues to be distinguished by contradictions and dangers associated with financial system instability are becoming more prominent.
Date-27/04/2023
A banking system that is strong enough to sustain increases in interest rates
According to the Finance Ministry, India’s banking system is “strong enough to survive” the stress brought on by rising interest rates and would continue to support economic growth.
Date-25/04/2023
The forecast for the world economy is concerning: FM Indra Nirmala Sitharaman
Although the country’s GDP is expected to increase by more than 6% this year, India is nonetheless concerned about the geopolitical situation and the world economy. In its most recent World Economic Outlook, the International Monetary Fund (IMF) issued a warning that a sharp tightening of financial conditions worldwide might have a significant impact on lending conditions and public budgets, particularly in emerging markets and developing countries.
Date-18/04/2023
In 4-5 years, India hopes to grow the market for technological textiles to $40 billion
India currently ranks as the world’s fifth-largest manufacturer of technical textiles, with a market worth close to USD 22 billion. To meet these goals, focusing on increasing productivity at the production and supply-chain levels is necessary. Technical fabrics are valuable materials used in various fields, such as automotive, civil engineering, healthcare, agriculture, personal protection, and construction.
Date-13/04/2023
India’s retail inflation eases to 5.66% in March, returning to the target range set by the RBI
According to figures from the Ministry of Statistics and Programme Implementation, India’s retail inflation fell to a 15-month low of 5.66% in March.
Date-12/04/2023
According to FinMin officials, RBI should prioritise inflation over growth
The Reserve Bank of India (RBI) should prioritise reducing inflation down within the mandated range of 2–6%, according to officials in the finance ministry, even if doing so has a negative impact on economic growth.
Date-06/04/2023
India and the EU expedite negotiations for a free trade pact
During the fourth round of negotiations, which ended last month in Brussels, India and the European Union (EU) sped up work on the negotiating texts for a free trade agreement (FTA) and began talking about the specifics of the exchange of offers on market access for goods, services, investments, and public procurement.
Date-05/04/2023
By March 2028, India will publish tenders for 250 GW of new renewable energy capacity
According to a government letter, India will launch tenders for the installation of 250 GW of green energy capacity by March 2028 as part of its effort to reduce emissions by 45% from 2005 levels.
Date-03/04/2023
A contract to switch to renewable energy will be signed between Sri Lanka and India
As the island nation strives to meet 70% of its electricity needs from renewable sources by 2030, Sri Lanka will sign a memorandum of understanding (MoU) with India to promote renewable energy. The Indian government has declared a desire to strengthen the market for renewable energy by promoting and enabling the use of biomass, solar, and wind energy for power generation.
Date-29/03/2023
In 2023, the Indian e-grocery market will expand into tier 2 and beyond
The Indian e-grocery market, which is currently predominantly dominated by slotted delivery, is likely to expand in tier 2 and beyond regions, led by horizontal firms, with rapid commerce The widespread use of fast commerce in cities between 2019 and 2022 can be credited with the enormous rise in the Indian e-grocery business. adoption expected to remain stable.
Date-27/03/2023
India invested more than $240 billion in the water sector
India has committed more than 240 billion dollars in investments to the water industry and is currently carrying out the world’s largest dam rehabilitation programme in addition to measures to raise groundwater levels.
Date-24/03/2023
By 2047, India can become energy independent
By 2047, when it will celebrate 100 years of independence, India can become energy independent. It was found that gaining energy independence would benefit India significantly in terms of the economy, environment, and energy, including USD 2.5 trillion in consumer savings through 2047, a 90% reduction in fossil fuel import expenditure, or USD 240 billion annually, an improvement in India’s industrial competitiveness globally, and the ability to meet its net-zero commitment sooner than expected.
Date-20/03/2023
Corporates are optimistic about green hydrogen and could invest Rs 16 trillion in ten years
One of the most well-liked alternative energy sources is green hydrogen. Up to Rs 16 trillion in investment is anticipated over the next ten years. According to industry experts, increasing the cost-effectiveness and viability of green hydrogen in the nation will require both governmental assistance and technological breakthroughs.
Date-17/03/2023
Inflation is anticipated to decline for the coming year
Ashima Goyal, a member of the RBI Monetary Policy Committee (MPC), stated that the government’s supply-side policies in conjunction with a flexible inflation-targeting system have kept the rate of price growth lower than that in other nations, and that inflation is expected to decline over the course of the year.
Date-13/03/2023
India and the US sign an agreement on a joint innovation and supply chain for semiconductors
A memorandum of understanding (MoU) on semiconductor supply chain and innovation partnership was signed by India and the US on Friday during the Commercial Dialogue 2023.
Date-10/03/2023
Indian AI matrix by the beginning of April: Rajeev Chandrasekhar, MoS IT
India will have an artificial intelligence (AI) programme loaded with massive datasets that will support business owners in the fintech and digital-led industries.
Date-08/03/2023
Developing and developed countries must have distinct sustainability objectives
Developed and developing nations must have separate objectives and timetables while remaining mindful of one another’s requirements, future objectives, and sustainability plans. In the worldwide initiative to make the earth safer and greener, India’s relationship with the UK and the EU is significant.
Date-02/03/2023
Indian technology market could reach $245 billion in FY23, up 8.4%
In FY23, the Indian technology sector is expected to expand by 8.4% to reach a value of USD 245 billion. The industry lobby reported in its strategic review that the sector generated USD 226 billion in revenues in FY22. Around 2% of the revenue growth has been lost due to currency headwinds.
Date-01/03/2023