Continuing with the trend of recovery of the economy following the devasting effects of the Covid-19 pandemic, the Indian economy grew by 13.5% during the first quarter of the current financial year. It was revealed in the estimates of Gross Domestic Product for the April – June quarter of the FY 2022-23 published by the Ministry of … Read more
The Vedanta Group and Foxconn, a Taiwanese electronic manufacturing powerhouse, have announced plans to establish a massive semiconductor manufacturing facility in Gujarat. Anil Agarwal, the chairman of Vedanta Group, announced the news on Twitter. “Happy to announce that the new Vedanta-Foxconn semiconductor plant will be set up in #Gujarat. Vedanta’s landmark investment of 1.54 lakh crores will help make … Read more
After India banned the export of wheat and broken rice, and in light of the ongoing Russia-Ukraine war that has impacted global trade, there is a perception that there is a decline in exports from India which will have a negative effect on the Indian economy. There were concerns about the reduced growth rates in exports to Europe and USA, … Read more
The Central Bureau of Investigation (CBI) has carried out a massive nationwide search operation covering 30 locations across 10 States and UTs. This is part of an ongoing investigation of a case related to App based fraudulent investment scheme – HPZ Token App. The searches led to the seizure of significant digital evidence, including mobile … Read more
Prime Minister Narendra Modi launched the National Logistics Policy at Vigyan Bhawan in New Delhi today. The policy is aimed at promoting a seamless movement of goods in the country and enhancing the competitiveness of the industry. It is expected to focus on areas such as process re-engineering, digitisation, and multi-modal transport. The policy will streamline rules … Read more
India has made extraordinary progress in the global innovation index rating, ranking in the top 40 for the first time, according to the World Intellectual Property Organization’s (WIPO) annual report released on September 29. India is now ranked 40th in the Global Innovation Index (GII) 2022 rankings, up six spots. India has moved up 41 … Read more
On Wednesday, the International Monetary Fund (IMF) said that India’s digital cash transfer scheme and several other social welfare programs are a ‘logistical marvel’. While addressing a Fiscal Monitor press conference, Paolo Mauro, Deputy Director of the Fiscal Affairs of India, asserted that there is a lot to learn from India. “From India, there is … Read more
In another sign of the surging Indian economy, the country has registered the highest-ever GST revenue collection in the just concluded month of April as it breached the coveted milestone of ₹2 lakh crore. As per the latest official data released by the ministry of Finance, the GST revenue collection for April 2024 stands at ₹2.10 lakh … Read more
On Monday (29th April), the Uttarakhand government informed the Supreme Court that it has revoked licences for 14 products offered by Baba Ramdev’s Patanjali Ayurved and Divya Pharmacy. The declaration included an apology from the State Licencing Authority (SLA) and a commitment that it would not perform any deliberate or willful act that would violate any Supreme Court orders. … Read more
On Thursday, the International Monetary Fund (IMF) lauded India as “a bright spot in a dark horizon” owing to India’s fast-growing economy even in challenging times. India, according to IMF Managing Director Kristalina Georgieva, deserves to be called a bright spot on this otherwise dark horizon because it has been a fast-growing economy even during these difficult times. … Read more