In the fiscal year 2021-22, India has recorded the largest annual Foreign Direct Investment (FDI) inflow of USD 83.57 billion. In 2014-2015, India received 45.15 billion USD in FDI, compared to the highest ever annual FDI inflow of USD 83.57 billion reported for the fiscal year 2021-22, surpassing the previous year’s FDI by USD 1.60 billion. Since … Read more
The Groundbreaking Ceremony for the Third Uttar Pradesh Investors Summit was inaugurated by Prime Minister Narendra Modi in Lucknow on Friday 3rd June 2022. During his speech, PM Modi announced that investment of more than ₹80,000 crores in the state have been finalised in the event. “Today agreements of investment of more than Rs 80,000 crore have been … Read more
Russia has started using an alternate route to ship goods to India, through Caspian Sea and Iran, bypassing the Mediterranean Sea – Suez Canal route. Russia dispatched a test cargo to India from St. Petersburg via Iran o Saturday, operationalising the International North-South Transport Corridor (INSTC). According to Russia Briefing, Iran’s state-owned shipping firm has announced the … Read more
After five days of arduous discussions at the World Trade Organization (WTO), sources indicate that India made a significant influence, with its point of view expressed in all sectors, and that the country’s interests were not put at risk whatsoever. On June 17, Commerce and Industry Minister Piyush Goyal also stated that India had a fantastic triumph at the … Read more
On the occasion of the 60th birthday of Adani Group’s chairman Gautam Adani, he and his family decided to donate Rs 60,000 crore for social causes. The Adani Foundation will administer this corpus for various social causes. According to reports, the Adani Foundation will oversee the donations, which will be used to support healthcare, education, and … Read more
Prime Minister Narendra Modi today urged the state governments to clear the outstanding dues to power generation and distribution companies, saying that unpaid dues have crippled the power companies. He made the comments while launching the Revamped Distribution Sector Scheme of the power ministry, which aims to improve the quality, reliability and affordability of power supply to … Read more
Akasa Air, the newest airline in India backed by investor Rakesh JhunJhunwala, has received the nod from the Directorate General of Civil Aviation to start operations. The airline today informed that is has been granted the Air Operator Certificate (AOC) by the civil aviation regulator in the country. “We are pleased to announce the receipt … Read more
The Directorate of Revenue Intelligence (DRI), according to a statement made public on Wednesday, conducted searches at the premises of mobile company Oppo India and found evidence of the firm evading customs taxes to the tune of Rs 4,389 crore. Oppo India is owned by Guangdong Oppo Mobile Telecommunications Corporation Ltd, a Chinese company. During the course of … Read more
The Food Safety and Standards Authority of India (FSSAI) has refuted media reports claiming that it allowed 10 times more pesticide residues in herbs and spices. The food safety regulator issued a press note Terming the reports “false and malicious”, and asserted that India has one of the most stringent standards of Maximum Residue Limits (MRLs) in … Read more
75 international delegates from election management bodies (EMBs) of 23 countries have arrived in India to witness the 2024 Lok Sabha elections. Election Commission of India invited them to India to foster a culture of transparency and reiterate its commitment to high standards of electoral practices amidst the democratic nations, CEC Rajiv Kumar said. Additionally, media representatives … Read more