Daily News
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
India approves $3.9 bn hydropower project near China border in northeast
In order to satisfy its growing energy needs, India approved its largest hydroelectric project to date in the hilly northeastern region bordering China. The 319 billion rupee ($3.9 billion) anticipated investment for the 2,880-megawatt Dibang project in Arunachal Pradesh was approved by the government. Construction of the project is anticipated to take nine years.
Date-28/02/2023
Demand for automotive components replacement is anticipated to increase by 6-8% in FY24
The need for auto component replacement is anticipated to expand 6-8% in the upcoming fiscal year due to a number of factors, including improved freight transit and increased mobility. While the liquidity is still enough, the boost in demand has had a positive effect on aftermarket dealer’s and garage’s cash flows.
Date-24/02/2023
In 2023, India is probably going to contribute 15% to world growth
According to the International Monetary Fund, India is anticipated to contribute 15% to world growth in 2023. (IMF).
Date-22/02/2023
India’s GDP would probably increase by 6.2% in FY24
In spite of concerns about an oncoming downturn, India’s gross domestic product (GDP) is predicted to increase by 6.2% in FY24 as domestic demand drivers continue to be strong.
Date-17/02/2023
The government confirms the figure and denies any “overestimation” of retail inflation
The interpretation offered by certain experts that retail inflation for January had been “overestimated” has been rejected by the government. The administration has stated once more that there is no overestimation and that the Ministry of Statistics and Programme Implementation (MoSPI) data is accurate.
Date-16/02/2023
Pune will house the first waste-to-hydrogen facility in the nation
At a cost of more than Rs 430 crore, Pune will host the nation’s first solid waste-to-hydrogen plant. TheGreenBillions Ltd (TGBL), a provider of sustainability solutions, would establish the facility after reaching a 30-year agreement with the Pune Municipal Corporation (PMC).
Date-14/02/2023
India’s exports of technical textiles increased by 28.4% in 2021–2022
With a growth rate of 28.4%, India’s exports of 207 technical textile items increased from USD 2.21 billion in 2020–21 to USD 2.85 billion in 2021–22.
Date-09/02/2023
RBI’s need for more rate increases is limited by declining core inflation
According to reports, there is now no need for more rate increases because core inflation in India has been dropping sequentially and the policy rate is already high at 6.25 percent.
Date-08/02/2023
Here is how the Budget is impacted by important sectors, including automobile and communications
- Renewed focus on the Central and State Government’s old vehicle disposal.
- Increased BCD for the import of Semi-Knocked Down (SKD) and Completely Built Units (CBU) of a specific type of vehicle.
Date-02/02/2023
G-20: Developed world hasn’t followed through on 2009 climate pledge
India will work to reform multilateral financial organisations like the World Bank and International Monetary Fund that are out of step with today’s issues.
Date-31/01/2023
According to the Coal secretary, the target is to double coal inventory with power plants by March
Amrit Lal Meena, the secretary for coal, stated that more coal was on hand than what the national miner Coal India (CIL) had intended for the forthcoming summer.
Date-13/01/2023
According to World Bank, the Indian economy will grow at a strong 6.6% in FY24
The World Bank forecast the Indian economy to expand at a healthy 6.6% in 2023–24 (FY24), down from an expected 6.9% in 2022–23 (FY23), citing “minimal spillovers” from a forecasted global slowdown to Asia’s third-largest economy.
Date-11/01/2023
India’s GDP will be close to $20 trillion in 2047
India will be a “changed society” in 2047 with a per capita income of $10,000 in today’s money, an average GDP size of close to $20 trillion, and a per capita expenditure of $10,000. The Prime Minister was addressed by Dr Bibek Debroy, Chairman of the Economic Advisory Council.
Date-05/01/2023
Weak global demand would have an impact on Indian exports in 2023
Weak global demand and the recession in major economies will have a moderate impact on India’s economy and exports in 2023. In order to improve its current account, the nation should attempt to lower its energy import bill, according to the economic think tank GTR.
Date-03/01/2023
India intends to invest $2 billion in the green hydrogen business
According to three sources cited by Reuters, India is developing a $2 billion incentive scheme for the green hydrogen industry in an effort to reduce emissions and establish itself as a major exporter in the sector.
Date-28/12/2022
Luna’s electric version will be produced by Kinetic at a factory in Ahmednagar
The classic Luna two-wheelers from the 1970s were created by Kinetic Engineering (KEL), who will soon begin manufacturing the necessary parts for an electric moped. Luna would return in an electric form, Pune-based Kinetic announced in September. Kinetic Green Energy and Power Solutions, a sibling company of KEL, will introduce the electric Luna, or E-Luna.
Date-26/12/2022
Ola Electric will launch a commercial green vehicle in the next few months entering commercial green space
Ola Electric will soon enter the Indian commercial vehicle market, according to co-founder Bhavish Aggarwal. According to Aggarwal, Ola Electric will soon begin making money from its two-wheeler business, and this money will be used to develop new products. Since Ola doesn’t use a dealership model like its rivals, it is the most capital-efficient business.
Date-23/12/2022
India becomes the world’s second-largest steel producer
In the past eight years, India has grown to be the second-largest steel manufacturer in the world, according to Union Minister Jyotiraditya Scindia.
Date-20/12/2022
According to the Government, Nuclear power stations are “highly safeguarded” against all intrusions
The government said that the nation’s nuclear power reactors are “fully safeguarded” from breaches, including cyberattacks. Jitendra Singh, Minister of State (Independent Charge), Department of Atomic Energy, added that the government had signed IGAs with the Russian Federation for the construction of the Kudankulam nuclear power project.
Date-16/12/2022
India has a greater success rate for startups than the rest of the world
At the end of November, there were 84,012 recognized startups in India, which has a relatively higher startup success rate than the rest of the world.
Date-14/12/2022
India is ready to realize its full potential and reclaim the top spot in the global order with GDP
India didn’t reach its first trillion-dollar Gross Domestic Product until 60 years later, in 2007,(GDP). India was on the verge of crossing the $3 trillion threshold on the eve of COVID, as seen in Graph 1 the next trillion took 8 years (from 2007 to 2015).
Date-12/12/2022
India Unveiled A Plan To Upgrade Its Grid For Clean Energy For Rs 2.2 Trillion
As it plans to nearly triple its clean-power capacity by 2030, India revealed a 2.44 trillion rupee ($29.6 billion) plan to develop transmission lines to connect renewable generation
Date-08/12/2022
India imported 1.14 million tonnes of palm oil in November, up 29% over the prior month
India’s imports of palm oil increased by 29% in November compared to the previous month as local refiners found it profitable to purchase the tropical oil at a significant discount to rivals soy oil and sun oil. Increased imports by India, the largest consumer of palm oil in the world, would bolster benchmark Malaysian palm oil prices, which have almost halved from this year’s record highs, and assist top producer Indonesia in reducing its inventory.
Date-06/12/2022
The government has reduced the windfall tax on the export of fuel and crude oil
On Thursday, the government decreased the windfall profit tax on domestically produced crude oil and the charge on diesel by more than half. From its previous rate of Rs. 10,200 per tonne, the tax on crude oil produced by companies like the state-owned Oil and Natural Gas Corporation (ONGC) has been lowered to Rs. 4,900 per tonne.
Date-02/12/2022
As the Covid effect dwindles, India’s annual GDP growth will decrease in the third quarter
Economists predicted that the Indian economy’s annual growth slowed in the July-September quarter as COVID distortions subsided in advance of the release of GDP data on Wednesday, which would reveal whether or not the country has weathered the current economic storm.
Date-30/11/2022
India plans to convert to renewable energy by using smaller nuclear reactors
India is moving toward developing tiny modular reactors with a maximum capacity of 300 MW in order to fulfil its goal of switching to clean energy.
Date-28/11/2022
To combat climate change, the circular economy must be promoted.
Amitabh Kant, the former CEO of NITI Aayog and India’s G20 Sherpa, stated on Thursday that a meeting of state chief secretaries would soon be held to discuss the development of the circular economy and the difficulties encountered in its implementation.
Date-25/11/2022
Growth through Trade
The Economic Cooperation and Trade Agreement (ECTA) between Australia and India has been approved by the Australian Parliament, and the likelihood that it will go into effect on January 1 of the following year represents a significant advancement in New Delhi’s protracted efforts to sign free-trade agreements (FTAs). The Comprehensive Economic Partnership Agreement (CEPA), which was signed with the United Arab Emirates, India’s third-largest trading partner, and which went into effect earlier this year, has advanced the ECTA. Both agreements, which were the first to be signed following the FTA with Japan back in 2011, are significant because they mark a substantial change in New Delhi’s strategy.
Date-24/11/2022
India may not join the WTO’s e-commerce deal as a result of the Data Bill
Despite a shift in position on data localization and cross-border data flow, India is unlikely to participate in the present negotiations for a pact on e-commerce at the World Trade Organization(WTO).
Date-22/11/2022
As headline inflation increases and core inflation rises, the economy is at risk
While the overall rate of price growth decreased from 7.41 to 6.77 percent in October, core retail inflation increased from 6.3% in September to 6.5%, indicating price pressures will persist longer than anticipated. The rate of core price growth has been over 5% for more than two years and was over 6% for the first five months of the current fiscal year up until October.
Date-18/11/2022
According to reports, India has the potential to dominate EV production globally.
According to a study by Berkeley National Laboratory and UCLA, India has the potential to overtake the rest of the world in the production of electric vehicles. The study stressed that switching from diesel-fueled trucks to electric-charged ones will help India achieve its goal of net zero greenhouse gas emissions by the year 2070.
Date-16/11/2022
Conference of the Parties – COP27: A potential boon for developing countries is the revival of carbon credits
The COP is the supreme decision-making body of the Convention. COP27 is the 27th meeting on climate change. The first one was held in Berlin in 1995. The COP meets every year unless the Parties decide otherwise. 5% of the credits gained through the method would be used to raise money for international adaptation help, according to the ETA proposal.
Date-14/11/2022
Up until June, solar energy in India reduced fuel expenses by almost $4 billion
In the first half of 2022, India avoided using 19.4 million tonnes of coal, which would have added to the country’s already-stressed domestic supply and saved $4.2 billion in fuel costs. From January to June 2022, the contribution of solar production in seven important Asian nations
Date-11/11/2022
There may be a mandate for renewable energy generation in new coal plants
The power ministry intends to make it necessary for thermal power companies to create or purchase renewable energy if they set up new or extended coal-based power generation. This might pave the way for increasing the capacity for renewable energy generation in India.
Date-09/11/2022
How trust worthy are India’s trade numbers with China?
The government is trying to reserve specific frequency bands for use cases other than typical human communications, focusing on using the Internet of Things (IoT), machine-to-machine connections, and advanced cloud-based services.
Date-07/11/2022
By the conclusion of FY23, NITI hopes to finish infrastructure projects that have lagged for decades
The Center has focused on projects that have lagged for decades and ensured their completion by the end of current fiscal year even as new infrastructure projects are continuously announced (2022-23, or FY23).
Date-02/11/2022
Rising prices and inflation will impede the digital transition
Globally, 58% of those working in the healthcare sector think that inflation and growing prices will cause digital transformation attempts to stall.
Date-08/11/2022
Making Gati Shakti bigger
Gati Shakti, the national master plan for logistics growth on a digital platform, was unveiled in October 2021. The introduction of efficient management systems to coordinate pertinent ministries for all facets of logistics and transportation is a much-needed undertaking. To help ministries and infrastructure sectors succeed, it builds digitised institutional mechanisms for thorough, integrated project planning and execution.
Date-03/11/2022
Next month, India and the Gulf Cooperation Council are expected to begin talks on a free trade agreement
In an effort to strengthen economic connections between the two regions, India and the member nations of the Gulf Cooperation Council (GCC) are anticipated to begin discussions for a free trade deal next month.
Date-31/10/2022
India to become the third-largest economy in the world by fiscal year 2028
India missed being the fifth-largest economy in 2021–2022 by $10 billion and failed to surpass the UK. It will have to wait another year before it overtakes the UK by $27 billion and earns the coveted slot in 2022–2023.
Date-17/10/2022
How will India be affected by the rising global natural gas prices?
Electricity is produced from natural gas, and fertilizers are made from it. Additionally, it is transformed into CNG, which is used to power vehicles. To fulfil their needs for energy, countries import it after being transformed into LNG. Natural gas is thus just as necessary as oil.
Date-06/10/2022
The unemployment rate in India fell to 6.4% in September. The lowest level in four years with a major contribution to the improvement by rural India.
India’s labour market circumstances have improved in September 2022. In August, the unemployment rate was 8.3%; today, it is 6.4%. Since August 2018, India’s jobless rate has been at its lowest level ever.
Date-04/10/2022
Electric two-wheeler market settling down in India following an early frenzy
The electric two-wheeler sector is undergoing a peaceful consolidation after the early enthusiasm. According to a review of VAHAN statistics, only seven businesses were responsible for 86% of the registrations of electric two-wheelers in the previous month (dominated by e-scooters).
Date-05/10/2022
What Is The Indian Economic Situation Like Right Now?
Many people have been praising India, from leaders in Indian business to the managing director of the IMF. With double-digit GDP growth and the potential to overtake China as the world’s economic leader, India is one of the few shining lights in its view of the world economy.
Date-29/09/2022
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
Up to 2 chip manufacturing units may be approved by the government this year
Up to two applications to start constructing electronic chip manufacturing facilities in the nation are anticipated to be approved by the government this year.
Date-27/02/2023
India’s priority for “green growth” during the G20 presidency
According to Union Minister for Environment, Forest and Climate Change (MoEFCC), Bhupender Yadav, the idea of “green growth” being a priority area under the G20 Presidency underlines how sustainable development has been mainstreamed in Indian policy.
Date-23/02/2023
IMF expects China and India to account for more than half of global growth this year
India and China will contribute more than 50% of global growth in the coming year because of diminishing supply-chain disruptions and the booming service industry,
Date-21/02/2023
India’s trade imbalance may temporarily moderate
A number of variables, including the bottoming out of commodity prices, global inflation, and the suspension of Turkey’s container port, might put pressure on the trade deficit, making India’s January trade deficit improvement just temporary.
Date-20/02/2023
Drone use is not just for spraying pesticides on crops
Drone use in agriculture extends beyond pesticide application and has enormous potential in organic and ecological farming. In the past 1.5 years, India’s drone industry has increased by 6–8 times. The country has “very robust” drone infrastructure, and the G20 agriculture working group conference will feature an exhibit on how India pioneered the use of drones in agriculture.
Date-15/02/2023
Indian refiners can import their own oil from Russia in order to meet domestic demand
To free up locally manufactured goods for export to the West, some Indian refiners are considering purchasing diesel and other refined goods from Russia for domestic use.
Date-13/02/2023
India will become the third-largest economy in the world thanks to renewable energy and hydrogen
In order to reduce reliance on foreign oil and gas imports, India, the third-largest economy in the world, is putting an emphasis on renewable energy, biofuels, and hydrogen stated Prime Minister Narendra Modi.
Date-07/02/2023
At the G20 summit, India will need $10 trillion for its energy transition by 2070
At the first meeting of the G20 Committee on Energy Transitions in India, senior officials emphasised that India will require a total of $10 trillion by 2070 for the energy transition. Everyone agrees that while private capital must take the lead, the public sector must also offer support in order to reduce risks.
Date-06/02/2023
Budget 2023: The goal of non-tax revenue is driven by increased crude exploration
The estimate of non-tax revenue from petroleum has increased by 37.3% as a result of the government’s efforts to significantly increase the area under exploration and improve the ease of doing business in issuing petroleum exploration licences.
Date-03/02/2023
By 2030, 22 million two-wheeled electric vehicles will be sold in India
By 2030, India’s sales of electric two-wheelers are expected to total 22 million as the country’s adoption of EVs increases. It is predicted that by 2030, the electric 2W market would account for more than 80% of the global 2W market.
Date-01/02/2023
Next fiscal year, Indian electronics production would surpass Rs 1.28 trillion
According to Rajeev Chandrasekhar, the minister of state for electronics and information technology, the country’s electronics manufacturing is anticipated to surpass Rs 1.28 lakh crore in the upcoming fiscal year. With a new production-linked incentive programme for makers of hearable-wearable, IT hardware, and component manufacturers, the minister declared that the government is now going to expand and deepen the ecosystem of electronics manufacturing.
Date-30/01/2023
As interest develops, Russian oil exports to India are set to reach new highs
According to refinery executives, India’s oil processors are willing to purchase additional Russian crude if the price is right, potentially giving Moscow a larger market almost a year after its invasion of Ukraine.
Date-27/01/2023
Service exports from the country are doing very well
Despite uncertainty in the global economy, the country’s services exports are performing incredibly well, and if the current trend continues, these outbound shipments would expand by almost 20% this fiscal and surpass the USD 300 billion target. Despite the global recession, intense inflationary pressure, and oversupply of many commodities, exports of goods are currently showing solid growth.
Date-24/01/2023
India wants to become a major Environmental sustainability will be ensured by green infrastructure and buildings
The majority of structures in today’s highly carbonised world contribute to harmful emissions rather than environmental sustainability. The building industry and the development of infrastructure also play an important part in maintaining environmental sustainability, even though it is most frequently expected that sustainable business practices will lead to environmental sustainability
Date-23/01/2023
India wants to become a major global supplier of semiconductors
According to Communications Minister Ashwini Vaishnaw, India has launched an ambitious plan to become a major supplier for the world and has invested its own USD 10 billion as a result of sensing a sizable opportunity in the global semiconductor market.
Date-20/01/2023
The government has set a more than 1 billion-tonne coal production target for FY24
For the upcoming fiscal year, the government claimed to have set a coal output goal of above one billion tonnes (BT).
Date-19/01/2023
The yield on government bonds is anticipated to increase as investors turn their attention to the 2023 budget
The weakening U.S. dollar is expected to support further gains in the Indian rupee this week, although traders were inclined to be cautious in light of a potential RBI intervention to buy dollars that may temper big gains. The yield on government bonds is anticipated to increase as investors turn their attention to the 2019 budget.
Date-16/01/2023
India’s net-zero goal can’t be met by EVs alone, according to Suzuki President Toshihiro
Due to the current “power supply situation,” Toshihiro Suzuki, representative director and president of Suzuki Motor Corporation (SMC), said that electric vehicles (EVs) alone cannot assist India to achieve its net-zero target by 2070 and that the nation must explore other solutions as well. Even though EVs are a worldwide hot topic, India needs to find other solutions given its power supply issues.
Date-12/01/2023
The first green hydrogen blending operation in India is launched by National Thermal Power Corporation Limited on the PNG network.
The first green hydrogen blending operation in India has been launched by the state-owned power firm NTPC in the township of Kawas, Surat, which is served by the PNG (piped natural gas) network. The project is a collaboration between Gujarat Gas Limited and NTPC (GGL). In the presence of several top executives from NTPC Kawas and GGL, P Ram Prasad, the project’s head of the project, started the first molecule of green hydrogen.
Date-04/01/2023
India’s December manufacturing PMI rises to 57.8, the highest level in more than two years
The manufacturing sector in India finished 2022 on a strong footing as new orders and output growth accelerated and business conditions improved at the strongest rate in over two years. S&P Global’s manufacturing purchasing manager’s index increased from 55.7 in November to 57.8 in December, beating the median estimate of 54.3 in a Reuters survey.
Date-02/01/2023
Indian Economy Remains Robust Despite Global Shocks
The Indian economy is resilient and financial stability is upheld thanks to a well-capitalized banking sector, even in the face of global uncertainties and shocks. Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said.
Date-30/12/2022
Ashwini Vaishnaw, a minister for the union, introduces the G20’s digital innovation partnership
The G20 Digital Innovation Alliance (DIA) and a “keep safe online” campaign were introduced on Wednesday by Ashwini Vaishnaw, Union Minister for Electronics and Information Technology, Communications, and Railways, with the goal of digitally modernising the world economy in a safe cyberspace.
Date-29/12/2022
India’s agri-commodities export increased by 12% to $30 billion between April and October
According to the agriculture ministry, India’s exports of agricultural and related goods increased 11.97% to USD 30.21 billion between April and October of the current fiscal year. In the same period of 2021–2022, exports totaled USD 26.98 billion.
Date-27/12/2022
In 2023, the Indian pharmaceutical industry will embark on a “volume to value leadership” journey
As the “pharmacy of the world” seeks to transition from volume to value leadership, amid newly developing difficulties of inflation and pricing pressures in the global markets, reinventing and innovating will be the major slogan for the Indian pharmaceutical industry in the next year.
Date-21/12/2022
Nirmala Sitharaman stated that India was dedicated to enhancing trade facilitation
Nirmala Sitharaman, Union Finance Minister, stated that the Center is dedicated to enhancing trade facilitation for all stakeholders, including staff members of the Customs Department and those active in the trading communities.
Date-19/12/2022
WPI inflation falls to a 21-month low in November as price pressure eases
On the strength of a larger base and a general lessening of pricing pressure in food, gasoline, and manufactured goods, the wholesale price index (WPI)-based inflation rate for November decelerated substantially to a 21-month low of 5.85 percent.
Date-15/12/2022
In 2023, India will draw $10 billion in investments in green energy
India might draw close to $10 billion in investments in renewable energy in 2023, which is encouraging given that public markets are still mostly closed to large-scale fund financing.
Date-13/12/2022
Security measures made to protect nuclear plant systems from cyberattack in India
According to the Union Minister of State for Science and Technology, security measures are in place to guard against cyberattacks on India’s nuclear power plant systems. The nuclear power plant systems, according to the Union Minister, are disconnected from the internet and are not reachable through the administrative network.
Date-09/12/2022
In India, a new anti-misinformation information campaign is launched by a Google subsidiary
According to a senior official, Google’s Jigsaw division is starting a new anti-misinformation effort in India to stop false information. The programme will make use of “prebunking”(the process of debunking lies) videos made to refute untrue claims before they spread on the company’s YouTube channel and other social media platforms. Throughout the wake of Russia’s invasion of Ukraine, Google recently tested a strategy in Europe to counter anti-refugee.
Date-07/12/2022
Soon, the “world’s largest grain storage” plan will be implemented for food security: Report
The Center is combining numerous programmes to create the “biggest grain storage” programme in response to the global food shortages caused by the Covid-19 outbreak and the conflict in Ukraine. Programs run by the ministries of consumer affairs, food and public distribution, agriculture and farmer’s
Date-05/12/2022
Manufacturing PMI increases to 55.7 in November as industrial output reaches a three-month high
Amid a rise in new orders and production and a decrease in inflation, India’s manufacturing purchasing manager’s index (PMI) increased slightly to 55.7 in November from 55.3 in October to mark a three-month high. The maximum number is higher than its long-term average of 53.7.
Date-01/12/2022
According to the WTO, global trade growth will decline in 2022 and 2023
According to the World Trade Organization’s (WTO) Goods Trade Barometer, the growth of global trade is anticipated to decrease in 2022’s last months and into 2023. According to the report, the causes would be shocks resulting from the conflict between Russia and Ukraine, rising oil costs, inflation, and monetary tightening in significant economies.
Date-29/11/2022
According to the Tata Group chairman, India is ideally situated to lead the shift to green energy
The move to cleaner and greener energy is a necessity that cannot be put off, according to Natarajan Chandrasekaran, chairman of the Tata Group, and India is in a good position to lead the change. Whether a business or industry is customer-facing or not, the future will be data-driven as significant technological breakthroughs have made real-time data availability much easier and less expensive.
Date-23/11/2022
Ola Electric Will Increase Its Capacity To 4 Million and Perhaps Introduce E-Cars In 2024
Ola Electric has completed the second phase of its development, which will double its plant’s capacity from 1 million to 4 million two-wheelers annually. According to a senior company executive, motorcycles will also be a part of this. The same mega factory outside of Bengaluru will also house a plant with a 5 Gwh of advanced chemical cell battery storage capacity.
Date-21/11/2022
Creating sustainable and smart cities
Considering how urbanized the globe is getting, it is essential to prioritize cities in the development agenda in an effort to improve their livability and mobility. At the same time, it’s crucial to align sustainability and economic growth side by side. In order to address the environmental issues that have become commonplace in cities including air and water pollution, traffic jams, congestion, and waterlogging, it is crucial to concentrate on sustainability
Date-17/11/2022
By 2030, India will produce 50% renewable energy, according to Prime Minister Modi during the G20 summit
Prime Minister Narendra Modi stated during the G20 conference in Indonesia that India is on pace to meet its goal of producing 50% of its electricity from renewable sources by 2030. Two days of talks between the heads of the 20 major economies are taking place in Bali in what has been called one of the most contentious and difficult G20 summits ever.
Date-15/11/2022
How did the EV scooter market in India consolidate?
Despite the absence of sound- and smoke-emitting silencers, vehicles with green license plates are becoming more noticeable in traffic. In October, sales of electric two-wheelers reached a record high. Last month, more than 75,294 electric two-wheelers left the showroom and hit the Indian roadways.
Date-10/11/2022
Government selecting spectrum bands for IoT and machine connectivity
The government is trying to reserve specific frequency bands for use cases other than typical human communications, focusing on using the Internet of Things (IoT), machine-to-machine connections, and advanced cloud-based services.
Date-04/11/2022
This year, the number of electric passenger and motor vehicles registered doubles
The number of electric passenger and motor vehicles—including light, medium, and heavy vehicles like automobiles and buses—has more than doubled in the calendar year 2022 through October 31.
Date-01/11/2022
Energy and inflation crises have the possibility of pushing big economies into recession
Following Russia’s invasion of Ukraine, global economic growth is slowing more than was anticipated, and major economies are at risk of recession due to the oil and inflation problems.
Date-17/10/2022
Increased Natural Gas Costs Might Increase The Cost Of The Center’s Fertilizer Subsidies
The significant increase in domestic gas prices proposed by the government is anticipated to result in an increase in the Center’s yearly fertilizer subsidy cost. Domestic prices of natural gas were raised by 40 per cent to record levels.
Date-03/10/2022
India Considers Providing $2.5 Billion In Incentive Schemes To Help Make Grid-scale Batteries
The power ministry of India is putting out a roughly $2.5 billion incentive scheme to promote local production of grid-scale batteries, with the goal of lowering the cost of energy storage to hasten the country’s energy transition.
Energy and inflation crises have the possibility of pushing big economies into recession
Following Russia’s invasion of Ukraine, global economic growth is slowing more than was anticipated, and major economies are at risk of recession due to the oil and inflation problems.
Date-27/09/2022