Daily News

Opinion Poll

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

                                                                                                            Date-28/09/2022
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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

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BDB India started a monthly initiative called the “BDB Industry Poll” and conducts the poll every month. We wanted our panel of senior industry professionals to put forth their opinion on various industry and economy-related topics. The results are shown in the report.


November-2022

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October-2022

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September-2022

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August-2022

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July-2022

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May-2022

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April-2022

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