On Thursday, May 9, the Air India Express cabin crew agreed to end its ongoing strike. The cabin crew withdrew the strike after the airline agreed to look into issues raised by them, news agency PTI reported. Following the decision by the cabin crew to end the strike, Air India Express has agreed to take back the … Read more
According to a senior procurement officer, the Indian Army will stop importing ammunition in the upcoming fiscal year since its domestic industry has increased its production capacity to satisfy the military’s requirements. The Indian Army’s Additional Director General (Procurement), Major General V.K. Sharma, said that although the army had previously placed a significant emphasis on imports to … Read more
Finance Minister Nirmala Sithraman presented the Union Budget 2022 on February 1. This year’s budget was Finance Minister Nirmala Sitharaman’s fourth successive budget. In her speech, Finance Minister Nirmala Sitharaman said that the Union Budget sought to lay the foundation and give a blueprint of the economy over ‘Amrit Kal’ of the next 25 years … Read more
Deposits in bank accounts opened under the Modi government’s Jan Dhan initiative, which was introduced roughly seven and a half years ago, have surpassed Rs 1.5 lakh crore. The total balance in approximately 44.23 million Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was Rs 1,50,939.36 crore at the end of December 2021, according to the latest … Read more
‘Apple can’t leave China’ is a myth that still lures many people, including the American-Chinese scholar Doug Guthrie, who believes Apple and China’s destiny is inextricably linked. In his podcast with Chris Marquis, which was published on 7th January 2022, the scholar made a case against Apple’s recent efforts to reduce its dependence on China and propagated … Read more
Despite sour relations with China over aggressions at the border, India’s trade relations with the county continues on an upwards trend. India has a trade deficit with China for a long time now, which means India imports far from China compared to exports across the Himalayas. According to reports, India-China trade grew to a record $125 … Read more
India’s dedication to democratic processes is demonstrated by its efforts to ensure that every individual gets an opportunity to exercise his/her right to vote. This includes setting up polling booths in some of the most distant and inaccessible areas of the country. From high-altitude Himalayan settlements to deep forests inhabited by indigenous tribes, these polling booths demonstrate … Read more
India’s gross domestic product (GDP) growth is estimated to be 8.3 percent this fiscal year and 8.7 percent in 2022-23, according to the latest Global Economic Prospects report by World Bank. The upgrade in growth prediction reflects increased private sector and infrastructure investment, as well as rewards from advancing reforms. This estimate for 2021-22 is identical to the … Read more
Recently Elon Musk, in a tweet let it be known that Tesla’s India business is “still working through a lot of challenges with the government”. While he did not appear to directly blame the government, the subtext was clear. The government has been smart and has seen through the self-serving game. As Business Today reports, it will not bow to … Read more
In the financial year 2022-23, Apple and Samsung are set to manufacture smartphones worth over $5 billion (almost Rs 37,000 crore) in India. The two behemoths are on track to outperform the government’s PLI Scheme objectives by more than 50%. IANS spoke with Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA). “The leading global … Read more